For June, USCI held crude oil (brent) Jun13, heating oil Dec12, live cattle Aug12, soybeans Nov12, gold Aug12, crude oil (WTI) Jun13, unleaded gasoline (RBOB) Dec12, lean hogs Aug12, soybeans meal Dec12, cotton no.2 Dec12, gas oil Jul12, feeder cattle Aug12, corn Sep12 and zinc Nov12.
Additionally, investors may take a look at commodity exchange traded note options. It should be noted that ETNs are subject to the credit worthiness of the issuing bank as the funds are a form of debt obligation. [Exchange Traded Notes]
The ELEMENTS Rogers International Commodity Index ETN (NYSEArca: RJI) provides the most diversified commodities exposure, tracking 38 commodity futures from 11 global exchanges. RJI has a 0.75% expense ratio.
RJI’s holdings include a heavy weighting toward crude oil at 21.0% and brent oil at 14.0%. Energy and agriculture make up about 40% of the index and metals accounts for 20%.
The iPath Dow Jones-UBS Commodity Index Total Return ETN (NYSEArca: DJP) tracks the Dow Jones-UBS Commodity Index Total Return and limits its exposure to energy to about one third of the overall holdings. The fund has a 0.75% expense ratio.
DJP’s holdings include aluminum 5.2%, brent crude 5.1%, copper 6.8%, corn 7.9%, crude oil 8.8%, gold 9.7%, live cattle 3.6%, natural gas 9.8%, soybeans 9.9% and wheat 6.7%.
The UBS E-TRACS CMCI Total Return ETN (NYSEArca: UCI) tries to reflect the performance of the UBS Bloomberg Constant Maturity Commodity Index Total Return, which holds a basket of 26 commodity futures contracts across five constant maturities from three months up to three years. UCI has a 0.65% expense ratio.
UCI’s target commodity category weightings include energy 35.3%, industrial materials 26.5%, precious metals 5.9%, agriculture 28.4% and livestock 3.9%.
For more information on commodities, visit our commodity ETFs category.
Max Chen contributed to this article.