ETF Evaluator: Direxion Auspice Broad Cmdty Strat ETF () Follow This ETF

Direxion Auspice Broad Cmdty Strat ETF Overview

Direxion Auspice Broad Cmdty Strat ETF (COM) is a passively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). Direxion Funds launched the ETF in 2017.

The investment seeks investment results, before fees and expenses, that track the Auspice Broad Commodity Index. The index is a rules-based index that attempts to capture upward trends in the commodity markets while minimizing risk during downtrends by tracking a portfolio of commodity futures contracts. The index uses a quantitative methodology to track a diversified portfolio of 12 different commodity futures contracts, or “components.” The fund generally will not invest directly in the 12 commodity futures contracts that comprise the index. The fund is non-diversified.

About Direxion Auspice Broad Cmdty Strat ETF (COM)

There are 2 members of the management team with an average tenure of 9.34 years: Tony Ng (2017) and Paul Brigandi (2017). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Auspice Broad Commodity ER USD index with a weighting of 100%. Direxion Auspice Broad Cmdty Strat ETF has 2 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Direxion Auspice Broad Cmdty Strat ETF is part of the Real Assets global asset class and is within the Commodities ETF group. Direxion Auspice Broad Cmdty Strat ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Direxion Auspice Broad Cmdty Strat ETF has 100.0% of the portfolio in cash.

Assets Under Management

The fund has $204 million in total assets, which is below the $831 million average for the Commodities Broad Basket category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

COM Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Direxion Auspice Broad Cmdty Strat ETF expense ratio is above average compared to funds in the Commodities Broad Basket category. Direxion Auspice Broad Cmdty Strat ETF has an expense ratio of 0.72%, which is 9% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Direxion Auspice Broad Cmdty Strat ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 26% for the Commodities Broad Basket category.

Recently, in the month of July 2026, Direxion Auspice Broad Cmdty Strat ETF returned 3.6%, which earned it a grade of F, as the Commodities Broad Basket category had an average return of 6.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Direxion Auspice Broad Cmdty Strat ETF has a trailing yield of 2.43%, which is below the 5.12% category average. The fund normally distributes its income quarterly.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Direxion Auspice Broad Cmdty Strat ETF Grades

Year to date, the ETF has returned 15.8%, 6.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 25.1% over the past year (grade of F), 7.7% over the past three years (grade of F) and 8.2% per year over the past five years (grade of F).

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