CMDT vs. FTSL ETF Comparison
Comparison of PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) to First Trust Senior Loan Fund ETF (FTSL)
CMDT
PIMCO Commodity Strategy Active Exchange-Traded Fund
CMDT Description
CMDT aims for total return in excess of a diversified commodity benchmark by actively managing both commodity exposure and the funds collateral. The fund primarily gains exposure through commodity swaps and futures but may also directly invest in commodities and use other commodity-linked derivatives. The fund adviser determines target allocations using proprietary quantitative models that incorporate multi-factors such as historic performance trends and storage costs. Positions established may be long, short, or no positions in the specific commodities suggested by the models. Weighting is at the discretion of the fund adviser. The fund also holds a short-duration of investment grade fixed-income securities to serve as collateral. CMDT obtains its exposure via a Cayman Islands subsidiary, thus avoiding a K-1 form to investors. The fund has a longer investment horizon, not short-term, tactical trading. Investments and returns may be different from the advisers other funds
Grade (RS Rating)
Last Trade
$26.33
Average Daily Volume
42,904
1
FTSL
First Trust Senior Loan Fund ETF
FTSL Description
The investment seeks to provide high current income. Under normal market conditions, the fund seeks to outperform each of the Primary Index and Secondary Index by investing at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in first lien senior floating rate bank loans ("Senior Loans"). It may also invest up to 20% of its net assets in (1) non-Senior Loan debt securities, which may be fixed-rate or floating rate income producing securities (2) warrants and equity securities issued by a borrower or its affiliates and (3) securities of other investment companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$45.97
Average Daily Volume
237,697
1
Performance
| Period | CMDT | FTSL |
|---|---|---|
| 30 Days | -3.14% | 0.46% |
| 60 Days | -3.74% | -0.04% |
| 90 Days | -2.30% | 0.42% |
| 12 Months | -1.68% | 7.20% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CMDT | Weight in FTSL | Overlap |
|---|
CMDT Overweight 1 Positions Relative to FTSL
| Symbol | Grade | Weight | |
|---|---|---|---|
| MINT | A | 6.77% |
CMDT Underweight 1 Positions Relative to FTSL
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTSM | B | -1.7% |
CMDT: Top Represented Industries & Keywords
FTSL: Top Represented Industries & Keywords
Compare ETFs
