ETF Evaluator:
abrdn Blmb AllCmdLDSK1Fr ETF (BCD)
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(as of Jul 31)
Best Performing in Commodities Broad Basket Over the Last Year
| 40.7% | VanEck Commodity Strategy ETF (PIT) |
| 34.5% | DB Commodity Long ETN (DPU) |
| 30.7% | First Trust Global Tact Cmdty Strat ETF (FTGC) |
| 29.8% | Harbor Commodity All-Weather StrategyETF (HGER) |
| 29.4% | Neuberger Commodity Stgy ETF (NBCM) |
Risk
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Risk
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ETF Details
abrdn Blmb AllCmdLDSK1Fr ETF Overview
abrdn Blmb AllCmdLDSK1Fr ETF (BCD) is a passively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). Aberdeen Standard Investments launched the ETF in 2017.
The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Bloomberg Commodity Index 3 Month Forward Total ReturnSM.
The index is a three-month forward version of the Bloomberg Commodity Index Total ReturnSM (“BCOMTR”), which reflects the return on a fully collateralized investment in the Bloomberg Commodity IndexSM (“BCOM”). The fund invests in exchange-traded commodity futures contracts through a wholly-owned subsidiary of the fund organized under the laws of the Cayman Islands (the “Subsidiary”). It is non-diversified.
About abrdn Blmb AllCmdLDSK1Fr ETF (BCD)
There are 2 members of the management team with an average tenure of 4.92 years: Rafael Zayas (2024) and Austin Wen (2018). 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 Bloomberg Commodity Forward 3 Mon TR USD index with a weighting of 100%. abrdn Blmb AllCmdLDSK1Fr ETF has 15 securities in its portfolio. The top 10 holdings constitute 90.7% 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.
abrdn Blmb AllCmdLDSK1Fr ETF is part of the Real Assets global asset class and is within the Commodities ETF group. abrdn Blmb AllCmdLDSK1Fr 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 46.4% (46.4% domestic bond, 0.0% foreign bond and 0.0% convertible bond). abrdn Blmb AllCmdLDSK1Fr ETF has 35.3% of the portfolio in cash.
Assets Under Management
The fund has $383 million in total assets, which is below the $728 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.
BCD 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 abrdn Blmb AllCmdLDSK1Fr ETF expense ratio is below average compared to funds in the Commodities Broad Basket category. abrdn Blmb AllCmdLDSK1Fr ETF has an expense ratio of 0.30%, which is 55% lower than its category average, making the fund expense ratio grade a A. 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. abrdn Blmb AllCmdLDSK1Fr 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 23% for the Commodities Broad Basket category.
Recently, in the month of June 2026, abrdn Blmb AllCmdLDSK1Fr ETF returned -7.6%, which earned it a grade of B, as the Commodities Broad Basket category had an average return of -7.8%. 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.
abrdn Blmb AllCmdLDSK1Fr ETF has a trailing yield of 15.62%, which is above the 5.45% category average.
The fund normally distributes its income annually and its capital gains annually.
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.
abrdn Blmb AllCmdLDSK1Fr ETF Grades
Year to date, the ETF has returned 10.3%, 3.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.5% over the past year (grade of F), 10.6% over the past three years (grade of D) and 9.9% per year over the past five years (grade of C).
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BCD Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BCD Return (NAV) | -7.6% | -4.6% | 20.5% | 10.6% | 9.9% | na |
| BCD Return (Price) | -7.6% | -4.6% | 20.5% | 10.7% | 9.8% | na |
| NAV +/- Price Return | -0.029% | -0.008% | -0.009% | -0.128% | 0.102% | na |
| Commodities Broad Basket Avg | -7.8% | -6.4% | 24.6% | 13.0% | 10.4% | 7.2% |
| BCD Grade (NAV) | B | B | F | D | C | na |
| +/- Category (NAV) | 0.2% | 1.8% | -4.1% | -2.4% | -0.5% | na |
| BCD Tax-Cost Ratio | na | na | 5.9% | 3.1% | 2.9% | na |
BCD Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BCD Return (NAV) | 10.3% | 15.5% | 5.9% | -7.4% | 18.3% | 32.4% | 4.3% | 7.6% | -9.9% | na | na |
| BCD Return (Price) | 10.3% | 15.6% | 6.2% | -7.6% | 18.4% | 31.7% | 4.8% | 7.3% | -8.6% | na | na |
| NAV +/- Price Ret | 0.001% | 0.002% | 0.056% | 0.030% | 0.004% | -0.020% | 0.108% | -3.5% | -12.5% | na | na |
| Commodities Broad Basket Avg | 13.9% | 15.5% | 7.4% | -4.2% | 15.9% | 31.9% | -4.8% | 7.3% | -10.7% | 5.9% | 11.7% |
| BCD Grade (NAV) | D | C | C | D | B | C | A | C | B | na | na |
| +/- Category | -3.6% | 0.0% | -1.5% | -3.2% | 2.4% | 0.5% | 9.1% | 0.3% | 0.8% | na | na |
| Risk Measures | |
| Beta: | 0.76 |
| R-Squared: | 90% |
| Standard Deviation: | 10.7% |
| Category Risk Index: | 0.75 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.88 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 15.6% |
| Total Assets: | $ 384 Mil |
| Share Class Assets: | $ 384 Mil |
| Turnover: | na |
| Expense Ratio: | 0.30% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.7 years | |||
| Average Tenure: 4.9 years | |||
| Managers (Year): Wen Austin (2018), Zayas Rafael (2024) | |||
Portfolio Composition (as of 3/31/21)
| # of Holdings: | 15 |
| % in Top 10 Holdings: | 90.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 46.4% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 18.3% |
| Cash: | 35.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Aberdeen Standard Investments |
| Phone Number: | 844-383-7289 |
| Website: | |
| Inception Date: | March 30, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.66% |
