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Upturn AI Summary
SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF(CERY)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CERY
10/02/2026: CERY (2-star) has a low Upturn Star Rating. Not recommended to BUY.
CERY provides broad exposure to commodity markets using an actively managed strategy designed to optimize roll yield and avoid the negative impact of contango. By utilizing a no-K-1 structure, it offers a user-friendly tax profile for individual investors compared to traditional commodity partnerships. While its strategy aims to improve long-term returns, it remains a high-volatility product dependent on commodity price fluctuations and economic cycles. It is best suited for investors looking to diversify their portfolios against inflation, provided they monitor commodity market trends and competitive offerings from larger, more liquid peers.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Commodities are cyclical assets and may not align with long-term capital appreciation strategies focused on corporate earnings. |
| Momentum investor | Strong fit while signal remains positive | The fund can capture price trends in commodity markets during periods of supply shortages or economic expansion. |
| Value investor | Mixed fit | Commodities are often used as a value hedge, but they do not produce cash flows like traditional equity or bond investments. |
| Dividend/Income investor | Weak fit | The fund does not pay regular dividends and is not designed to provide stable income. |
| Low-risk investor | Weak fit | Commodity futures are volatile and carry high price risk, making them unsuitable for conservative portfolios. |
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking to hedge inflation or diversify a portfolio with commodities while avoiding the tax complexity of K-1 forms.
Suitability
Best for long-term investors or tactical allocators who understand commodity market cycles and the risks of futures-based investing.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Commodity prices are subject to sharp swings due to geopolitical events and supply-demand imbalances. |
| Market risk | High | The entire portfolio is exposed to the systemic risks of global commodity price fluctuations. |
| Concentration | Medium | While diversified across commodities, it remains fully exposed to the commodity sector. |
| Tracking/expense | Low | The fund is efficiently managed to track its index with a reasonable expense ratio. |
| Liquidity | Medium | Futures-based funds can experience liquidity strains if the underlying markets become disrupted. |
| Business/sector quality | Medium | The fund's performance is entirely dependent on commodity cycles rather than company fundamentals. |
Risk Analysis
Volatility
High volatility due to exposure to commodity futures and the cyclical nature of raw materials.
Market Risk
Subject to global economic shocks, geopolitical instability, and fluctuations in commodity prices.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Commodity | Broad Commodity Futures (Energy, Agriculture, Metals) | 95 | This provides diversified exposure to various commodity markets while utilizing an enhanced roll strategy to manage futures curve costs. |
| Fixed-income type | Short-term US Treasury Securities / Cash Equivalents | 5 | These assets serve as collateral for the futures positions and provide a source of interest income. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 49.59% | Avg. Invested days 120 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/02/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 2, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $1.15B |
| Issuer | State Street Investment Management |
| Expense Ratio | 28.000000000000004% |
| Distribution Yield | 3.7% |
| Inception | Sep 4, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | +38.95% |
| 1 Year | +45.11% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 17.35% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|
Top Holdings
| Holding | Weight |
|---|---|
| State Street Master Funds - State Street U.S. Government Money Market Portfolio | 79.82% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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