The fund methodology incorporates a monthly re-balance “to the optimal asset weighting given the desired risk range for the portfolio.” How are the portfolio managers of FTGC currently positioned in terms of their specific exposures to individual commodities, which have all basically been in motion on the aggregate lately?
The largest weights we see are in Silver (12.63%), New York Harbor ULSD (10.58%), Brent Crude Oil (9.36%), and Wheat (9.02%), with lesser positions in commodities like Coffee, WTI Crude Oil, Natural Gas, and
LME Nickel for example. Notably, Silver, the highest weighting, has rebounded from its recent lows (SLV has traded with a $14 handle twice in the month of November now including last Friday) on very heavy volume in the past several days.
First Trust Global Tactical Commodity Strategy Fund
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