IYLD vs. CMDT ETF Comparison
Comparison of iShares Morningstar Multi-Asset Income ETF (IYLD) to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT)
IYLD
iShares Morningstar Multi-Asset Income ETF
IYLD Description
The investment seeks to track the investment results of the MorningstarĀ® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.
Grade (RS Rating)
Last Trade
$20.53
Average Daily Volume
14,502
11
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 fundsGrade (RS Rating)
Last Trade
$26.66
Average Daily Volume
21,645
1
Performance
Period | IYLD | CMDT |
---|---|---|
30 Days | 1.20% | 7.95% |
60 Days | 4.48% | 6.77% |
90 Days | 4.24% | 0.44% |
12 Months | 16.43% | 6.07% |
0 Overlapping Holdings
Symbol | Grade | Weight in IYLD | Weight in CMDT | Overlap |
---|
IYLD Underweight 1 Positions Relative to CMDT
Symbol | Grade | Weight | |
---|---|---|---|
MINT | A | -6.7% |
IYLD: Top Represented Industries & Keywords
CMDT: Top Represented Industries & Keywords