Fund · abrdn Bloomberg All Commodity Strategy K-1 Free ETF · measured from SEC filings
BCI holdings
BCI reports 32 holdings and behaves like 10.1 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-06-30. The fact sheet publishes the first number; this page computes the second, and traces it across 28 quarters of filings.
Measured concentration
as of 2026-06-30This figure is not comparable with other funds
swap and futures notional is 128% of net assets: the fund's exposure is delivered by derivatives, and a count of its filed positions does not describe it. See the exposure section for what the notional is written on
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 27.27% at a quoted market price (level 1), 2 issuer countries.
What stands out
as of 2026-06-30The largest line in BCI's filing is not a stock but State Street Institutional U.S. Government Money Market Fund, a short-term position at 25.76% of net assets. Between the 2026-03-31 and 2026-06-30 filings 16 positions were added and 21 dropped; 91.8% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable bond funds on this site. Nothing here is a view on the fund.
Every filing since 2019
28| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-06-30 * | 32 | 10.1 | 70.2% | 25.37% |
| 2026-03-31 * | 40 | 24.8 | 46.49% | 7.22% |
| 2025-12-31 * | 33 | 21.3 | 51.19% | 5.27% |
| 2025-09-30 * | 36 | 22.5 | 47.77% | 7.45% |
| 2025-06-30 * | 37 | 22.8 | 47.2% | 4.89% |
| 2025-03-31 * | 35 | 23 | 47.4% | 4.8% |
| 2024-12-31 * | 39 | 20.4 | 50.38% | 10.9% |
| 2024-09-30 * | 39 | 24.6 | 43.86% | 4.57% |
Earlier filings (20 more, back to 2019-09-30)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-06-30 * | 37 | 21.3 | 51.32% | 7.45% |
| 2024-03-31 * | 36 | 18.8 | 53.45% | 13.25% |
| 2023-12-31 * | 39 | 22.7 | 49.22% | 4.94% |
| 2023-09-30 * | 35 | 21.9 | 49.35% | 5.51% |
| 2023-06-30 * | 42 | 23.3 | 46.59% | 5.07% |
| 2023-03-31 * | 28 | 22.4 | 47.02% | 4.72% |
| 2022-12-31 * | 41 | 20.1 | 57.17% | 6% |
| 2022-09-30 * | 29 | 17 | 67.2% | 9.76% |
| 2022-06-30 * | 34 | 18.3 | 65.78% | 8.76% |
| 2022-03-31 * | 45 | 19.9 | 63.2% | 9.04% |
| 2021-12-31 * | 35 | 12.8 | 78.06% | 14.8% |
| 2021-09-30 * | 38 | 17.3 | 64.25% | 13.31% |
| 2021-06-30 * | 42 | 15.8 | 66.5% | 16.01% |
| 2021-03-31 * | 39 | 17.4 | 67.29% | 11.85% |
| 2020-12-31 * | 51 | 19.6 | 64.66% | 9.91% |
| 2020-09-30 * | 41 | 15.6 | 76.55% | 10.99% |
| 2020-06-30 * | 38 | 12.1 | 78.3% | 16.19% |
| 2020-03-31 * | 16 | 6.5 | 94.96% | 24.8% |
| 2019-12-31 * | 34 | 6.4 | 95.65% | 23.15% |
| 2019-09-30 * | 24 | 5.4 | 98.17% | 25.75% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
Largest positions, as filed
as of 2026-06-30The 15 largest of 32 positions in BCI's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: BCI.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | State Street Global Advisors | 25.37% | 25.4% |
| 2 | United States Treasury | 5.09% | 30.5% |
| 3 | United States Treasury | 5.06% | 35.5% |
| 4 | United States Treasury | 5.01% | 40.5% |
| 5 | United States Treasury | 4.99% | 45.5% |
| 6 | United States Treasury | 4.99% | 50.5% |
| 7 | United States Treasury | 4.96% | 55.5% |
| 8 | United States Treasury | 4.96% | 60.4% |
| 9 | United States Treasury | 4.91% | 65.3% |
| 10 | United States Treasury | 4.87% | 70.2% |
| 11 | United States Treasury | 4.81% | 75.0% |
| 12 | United States Treasury | 4.74% | 79.8% |
| 13 | United States Treasury | 4.74% | 84.5% |
| 14 | United States Treasury | 4.72% | 89.2% |
| 15 | United States Treasury | 4.57% | 93.8% |
By country of issuer
as of 2026-06-30Share of BCI's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.
| Country | Share |
|---|---|
| United States | 98.97% |
| United Kingdom | 1.03% |
Returns the fund reported
2019-07 – 2026-06Monthly total returns from Item B.5 of BCI's own filings, 84 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference 0.15 percentage points over 84 months, which is roughly the distributions. Every month with the filing it came from: BCI.json · all funds.
Since the previous filing
2026-03-31 → 2026-06-3027 positions became 22: 16 added (72.7% of the fund at the later date), 21 dropped (83.9% at the earlier date). Half the sum of all weight changes, a turnover proxy: 91.8%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of BCI compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-03-31 | 2026-06-30 | Largest decreases | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| State Street Global Advisors | 7.22% | 25.37% | New York Mercantile Exchange | 6.30% | 0.04% |
| London Metal Exchange | 0.44% | 1.03% | Chicago Board of Trade | 1.46% | 0.04% |
| ICE Futures U.S., Inc. | 0.46% | 0.75% | Chicago Mercantile Exchange | 0.19% | 0.04% |
New: United States Treasury (5.09%), United States Treasury (5.06%), United States Treasury (5.01%), United States Treasury (4.99%), United States Treasury (4.99%), United States Treasury (4.96%). Gone: United States Treasury (4.54%), United States Treasury (4.49%), United States Treasury (4.45%), United States Treasury (4.45%), United States Treasury (4.44%), United States Treasury (4.31%).
Asset categories and pricing
as of 2026-06-30| Asset category (as filed) | Share of investments |
|---|---|
| debt DBT | 72.73% |
| short-term investment STIV | 25.37% |
| DCO DCO | 1.90% |
27.3% of BCI is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-06-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $2.28B. Notional of an interest-rate or currency swap is not equity exposure.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, debt funds
10Every measured debt fund lined up by how many holdings it behaves like; these sit either side of BCI (10.1). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| USFR WisdomTree Floating Rate Treasury Fund | 5 | 3.8 | 100% | 2026-05-31 |
| MSTY YieldMax(R) MSTR Option Income Strategy ETF | 16 | 4.6 * | 99.97% | 2026-07-31 |
| BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF | 39 | 6.2 | 66.77% | 2026-05-31 |
| HGER Harbor Commodity All-Weather Strategy ETF | 24 | 7.1 * | 99.51% | 2026-07-31 |
| TFLO iShares Treasury Floating Rate Bond ETF | 9 | 7.8 | 100% | 2026-07-31 |
| DFIP Dimensional Inflation-Protected Securities Portfolio ETF | 21 | 12.4 | 81.87% | 2026-07-31 |
| IEF iShares 7-10 Year Treasury Bond ETF | 16 | 12.5 | 85.53% | 2026-05-31 |
| CSHI NEOS Enhanced Income 1-3 Month T-Bill ETF | 19 | 13.2 | 78.04% | 2026-06-30 |
| TDTF FlexShares iBoxx 5-Year Target Duration TIPS Index Fund | 17 | 13.5 | 71.87% | 2026-07-31 |
| SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 31 | 13.5 * | 73.97% | 2026-06-30 |
Essays that examine BCI
0Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.