ETF Evaluator: iShares Blmbrg Roll Sel Cmdty Strart ETF (CMDY) Follow This ETF

iShares Blmbrg Roll Sel Cmdty Strart ETF Overview

iShares Blmbrg Roll Sel Cmdty Strart ETF (CMDY) is a passively managed Commodities Commodities Broad Basket exchange-traded fund (ETF). iShares launched the ETF in 2018.

The investment seeks to track the investment results of the Bloomberg Roll Select Commodity composed of a broad range of commodity exposures with enhanced roll selection, on a total return basis. The index measures the performance of 24 futures contracts across 22 physical agricultural, energy, precious metals and industrial metals commodities. In seeking to achieve its investment objective, the fund will primarily invest in exchange-traded futures contracts on the underlying index, and the adviser is expected to roll out of existing positions in index futures and establish new positions in index futures on an ongoing basis. It is non-diversified.

About iShares Blmbrg Roll Sel Cmdty Strart ETF (CMDY)

There are 4 members of the management team with an average tenure of 3.46 years: Orlando Montalvo (2023), Erin Armstrong (2025), Kyle Peppo (2026) and Richard Mejzak (2018). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg Roll Select Commdty TR USD index with a weighting of 100%. iShares Blmbrg Roll Sel Cmdty Strart ETF has 95 securities in its portfolio. The top 10 holdings constitute 34.4% 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.

iShares Blmbrg Roll Sel Cmdty Strart ETF is part of the Real Assets global asset class and is within the Commodities ETF group. iShares Blmbrg Roll Sel Cmdty Strart 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). iShares Blmbrg Roll Sel Cmdty Strart ETF has 100.0% of the portfolio in cash.

Assets Under Management

The fund has $714 million in total assets, which is below the $953 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.

CMDY 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 iShares Blmbrg Roll Sel Cmdty Strart ETF expense ratio is below average compared to funds in the Commodities Broad Basket category. iShares Blmbrg Roll Sel Cmdty Strart ETF has an expense ratio of 0.28%, which is 57% 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. iShares Blmbrg Roll Sel Cmdty Strart 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 25% for the Commodities Broad Basket category.

Recently, in the month of September 2026, iShares Blmbrg Roll Sel Cmdty Strart ETF returned 0.4%, which earned it a grade of D, as the Commodities Broad Basket category had an average return of 1.0%. 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.

iShares Blmbrg Roll Sel Cmdty Strart ETF has a trailing yield of 9.89%, which is above the 4.58% category average. The fund normally distributes its income 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.

iShares Blmbrg Roll Sel Cmdty Strart ETF Grades

Year to date, the ETF has returned 30.4%, 1.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 37.1% over the past year (grade of D), 15.2% over the past three years (grade of C) and 10.4% per year over the past five years (grade of F).

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