ETRACS Bloomberg Commodity Index Total ReturnSM ETN company info
DJCB
ETRACS Bloomberg Commodity Index Total ReturnSM ETN
What does ETRACS Bloomberg Commodity Index Total ReturnSM ETN do?
ETRACS Bloomberg Commodity Index Total ReturnSM ETN Series B (NYSEARCA:DJCB) is focused on providing investors with exposure to the commodities markets, tracking the performance of the Bloomberg Commodity Index Total Return. It aims to offer a cost-effective and convenient way to gain a diversified exposure to commodities, spanning energy, metals, and agricultural sectors. The fund seeks to achieve this objective by issuing exchange-traded notes (ETNs) that replicate the price and yield performance of the underlying index. As a single-listed entity, ETRACS Bloomberg Commodity Index Total ReturnSM ETN Series B operates exclusively on the NYSE Arca platform, consolidating its efforts to enhance liquidity and accessibility for a broad range of investors. Its strategic ambition revolves around mirroring the broad commodity markets, providing a hedge against inflation and a tool for portfolio diversification.
Company Snapshot
Is ETRACS Bloomberg Commodity Index Total ReturnSM ETN a public or private company?
Ownership
Public
How many people does ETRACS Bloomberg Commodity Index Total ReturnSM ETN employ?
Employees
83,262
What sector is ETRACS Bloomberg Commodity Index Total ReturnSM ETN in?
Sector
ETF
Where is the head office for ETRACS Bloomberg Commodity Index Total ReturnSM ETN?
Head Office
New York, United States
What year was ETRACS Bloomberg Commodity Index Total ReturnSM ETN founded?
Year Founded
2019
What does ETRACS Bloomberg Commodity Index Total ReturnSM ETN specialise in?
What are the products and/or services of ETRACS Bloomberg Commodity Index Total ReturnSM ETN?
Overview of ETRACS Bloomberg Commodity Index Total ReturnSM ETN offerings
Exposure to a Basket of Commodity Futures Contracts: DJCB is an Exchange-Traded Note (ETN) that tracks the performance of the Bloomberg Commodity Index Total ReturnSM (the Index). This index measures the total return (price appreciation plus reinvested dividends) of a diversified basket of commodity futures contracts. These contracts represent various physical commodities across sectors like energy, precious metals, industrial metals, grains, softs, and livestock.
Seeks to Mirror Total Return of the Commodity Index: The core function of DJCB is to deliver returns that closely reflect the total return of the underlying Bloomberg Commodity Index. This can offer investors a way to gain exposure to a broad range of commodities and potentially benefit from price movements in the commodity market.
Passive Management: DJCB tracks the Bloomberg Commodity Index passively. This means the specific commodities and their weightings within the ETN are determined by the index methodology, not by an active selection process.
Debt Security with Potential for Capital Appreciation: DJCB is a debt security issued by UBS AG. While it offers potential for capital appreciation through price increases that track the commodity index, it doesn't pay regular dividends like a stock.
Subject to Counterparty Risk: Unlike owning the physical commodities themselves, DJCB is an ETN issued by UBS AG. Investors are exposed to the creditworthiness of UBS AG, meaning there's a risk of default if the issuer becomes unable to meet its financial obligations.
Exchange-Traded Note: DJCB is listed on the NYSE Arca exchange under the ticker symbol DJCB. This allows investors to easily buy and sell shares of the ETN like any stock, offering a potentially convenient way to gain exposure to a diversified basket of commodities through a passively managed product. However, the ETN structure introduces counterparty risk compared to directly investing in commodities.