Fund · State Street(R) SPDR(R) Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF · measured from SEC filings
CERY holdings
CERY reports 19 holdings and behaves like 1.6 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-07-31. The fact sheet publishes the first number; this page computes the second, and traces it across 8 quarters of filings.
Measured concentration
as of 2026-07-31This figure is not comparable with other funds
swap and futures notional is 101% 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
99% held in short-term investment vehicles: this is a cash-like fund, and its holding count measures something different
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: 84.19% at a quoted market price (level 1), 2 issuer countries.
What stands out
as of 2026-07-31The largest line in CERY's filing is not a stock but State Street Institutional US Government Money Market Fund, a short-term position at 77.12% of net assets. Between the 2026-01-31 and 2026-04-30 filings 4 positions were added and 6 dropped; 16.4% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable short-term funds on this site. Nothing here is a view on the fund.
Every filing since 2024
8| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-07-31 * | 19 | 1.6 | 99.29% | 79.69% |
| 2026-04-30 * | 41 | 1.6 | 95.58% | 78.2% |
| 2026-01-31 * | 24 | 1.7 | 96.82% | 77.38% |
| 2025-10-31 * | 20 | 1.5 | 99.37% | 80.84% |
| 2025-07-31 * | 18 | 1.4 | 99.72% | 84.17% |
| 2025-04-30 * | 8 | 1.3 | 100% | 86.65% |
| 2025-01-31 * | 18 | 1.3 | 99.92% | 88.71% |
| 2024-10-31 * | 2 | 1 | 100% | 99.92% |
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 2026-04-30The 11 largest of 19 positions in CERY's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: CERY.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | State Street Global Advisors | 78.31% | 78.3% |
| 2 | United States Treasury | 4.02% | 82.3% |
| 3 | United States Treasury | 3.78% | 86.1% |
| 4 | BNP Paribas SA | 3.15% | 89.3% |
| 5 | United States Treasury | 2.90% | 92.2% |
| 6 | Societe Generale SA | 2.39% | 94.5% |
| 7 | JPMorgan Securities LLC | 2.02% | 96.6% |
| 8 | Citibank NA | 1.74% | 98.3% |
| 9 | United States Treasury | 0.98% | 99.3% |
| 10 | Goldman Sachs & Co. LLC | 0.68% | 100.0% |
| 11 | Bank of America NA | 0.03% | 100.0% |
By country of issuer
as of 2026-04-30Share of CERY'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 | 94.46% |
| Australia | 3.15% |
| Singapore | 2.39% |
Returns the fund reported
2024-09 – 2026-07Monthly total returns from Item B.5 of CERY's own filings, 23 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: CERY.json · all funds.
Since the previous filing
2026-01-31 → 2026-04-3013 positions became 11: 4 added (11.7% of the fund at the later date), 6 dropped (15.2% at the earlier date). Half the sum of all weight changes, a turnover proxy: 16.4%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of CERY compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-01-31 | 2026-04-30 | Largest decreases | 2026-01-31 | 2026-04-30 |
|---|---|---|---|---|---|
| Societe Generale SA | 0.50% | 2.39% | State Street Global Advisors | 79.26% | 78.31% |
| BNP Paribas SA | 1.72% | 3.15% | Bank of America NA | 0.29% | 0.03% |
| Citibank NA | 1.01% | 1.74% | |||
| JPMorgan Securities LLC | 1.51% | 2.02% | |||
| Goldman Sachs & Co. LLC | 0.56% | 0.68% |
New: United States Treasury (4.02%), United States Treasury (3.78%), United States Treasury (2.90%), United States Treasury (0.98%). Gone: United States Treasury (4.49%), United States Treasury (2.97%), United States Treasury (2.82%), United States Treasury (1.82%), United States Treasury (1.52%), United States Treasury (1.52%).
Asset categories and pricing
as of 2026-07-3199.29% short-term investment, 0.71% DCO as filed; 84.2% carried at a quoted market price (fair-value level 1). Categories and levels are the filer's; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-04-30A 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 $1.06B. Notional of an interest-rate or currency swap is not equity exposure.
| Swap counterparty | Notional | % of net assets |
|---|---|---|
| BNP PARIBAS | $440M | 41.31% |
| CITIBANK, NATIONAL ASSOCIATION | $138M | 12.94% |
| Societe Generale SA | $137M | 12.87% |
| Goldman Sachs & Co. LLC | $120M | 11.3% |
| JPMorgan Securities LLC | $114M | 10.74% |
| Bank of America NA | $5M | 0.47% |
Financing leg as filed: the fund pays 1 day USD SOFR + 0% on $955M of long swap notional . Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, short-term investment funds
8Every measured short-term investment fund lined up by how many holdings it behaves like; these sit either side of CERY (1.6). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| BSJP Invesco BulletShares 2025 High Yield Corporate Bond ETF | 3 | 1.1 | 100% | 2025-11-30 |
| BSCP Invesco BulletShares 2025 Corporate Bond ETF | 11 | 1.2 | 99.71% | 2025-11-30 |
| PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 29 | 1.5 * | 98.94% | 2026-07-31 |
| NUGT Direxion Daily Gold Miners Index Bull 2X Shares | 3 | 1.8 * | 100% | 2026-07-31 |
| IBDQ iShares iBonds Dec 2025 Term Corporate ETF | 68 | 1.9 | 82.93% | 2025-10-31 |
| KORU Direxion Daily MSCI South Korea Bull 3X Shares | 5 | 2.2 * | 100% | 2026-07-31 |
| DBMF iMGP DBI Managed Futures Strategy ETF | 15 | 2.3 * | 98.6% | 2026-06-30 |
| IBDP iShares iBonds Dec 2024 Term Corporate ETF | 82 | 2.4 | 73.79% | 2024-10-31 |
Essays that examine CERY
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.