®
Data provided by
Print date: July 31, 2017
ETFS Bloomberg Energy Longer Dated Strategy K-1 Free ETF (BEF)
Morningstar Category
Inception Date
Total Assets
Net Expense Ratio
Commodities Energy
Mar 2017
$3.4 million
0.39%
Price Movement of BEF Since March 2017
Fund Highlights
$27
Fund Strategy
The investment seeks to provide a total return designed
to exceed the performance of the Bloomberg Energy
Index 3 Month ForwardSM which is calculated on an
excess return basis.
$26
$25
$24
The fund is an actively managed exchange traded fund
that seeks to provide a total return designed to exceed
the performance of the index. It will generally seek to
hold similar interests to those included in the index and
will seek exposure to many of the commodities included
in the index under the same futures rolling schedule as
the index. The fund will also hold short-term fixedincome securities. It is non-diversified.
$23
$22
$21
4/3
Index Fund
No
Socially Conscious
No
ETF Securities Advisors LLC
3.4M
Total Holdings
7
Portfolio Turnover
--
Fund Availability
Open to New Investors
Transaction Fee
Yes
No Load
5/1
5/8
5/15
5/22
5/29
6/5
6/12
6/19
6/26
7/3
7/10
7/17
No
BEF NAV
3 Month
1 Year
3 Year
5 Year
10 Year
Inception
--
--
--
--
--
--
-8.93%
--
--
--
--
-8.47%
--
--
--
--
--
--
+3.09%
+17.90%
+9.61%
+14.63%
+7.18%
+10.60%
Commodities Energy
Morningstar Category
S&P 500 TR
Index
Distributions & Yields
Distribution Yield
--
Ex-Date
--
Most Recent Distribution
--
Distribution Frequency
Previous Pay Date
--
30-Day SEC Yield
Annually
--
Expense Summary
As of 6/30/2017
Gross Expense Ratio
0.39%
Maximum 12b-1 Fee
--
Net Expense Ratio
0.39%
Maximum Redemption Fee
--
Deferred Sales Charge
--
Front-End Sales Charge
--
Turnover
Maximum Management Fee
-0.39%
Total Return Rank within Category
Upside & Downside Ratio
2012 --
Description
2013 --
BEF
2014 -2015 --
Category:
Commodities
Energy
2016 -2017
-YTD
Bottom 25%
©2017 Capital One Investing, LLC.
7/24
As of 6/30/2017
BEF Market Price
3/30/2017
Total Net Assets
4/24
Description
Additional Fund Information & Morningstar Ratings
Fund Company
4/17
Total Returns
Morningstar Category: Commodities Energy
Energy portfolios invest in oil (crude, heating and gas),
natural gas, coal, kerosene, diesel fuel and propane.
Investment can be made directly in physical assets or
commodity linked derivative instruments.
Inception Date
4/10
Top 25%
As of 6/30/2017
1 Year
3 Year
5 Year
--
--
--
--
--
--
292.95%
153.84%
135.74%
178.33%
162.39%
145.31%
An Up Market Capture ratio greater than 100% is considered
desirable as it's the measure of the portfolio performance in up
markets relative to a benchmark. A Down Market Capture ratio
less than 100% is considered desirable as it's the measure of the
portfolio performance in down markets relative to a benchmark.
Page 3 of 3
®
Data provided by
Print date: July 31, 2017
ETFS Bloomberg Energy Longer Dated Strategy K-1 Free ETF (BEF)
Morningstar Category
Inception Date
Total Assets
Net Expense Ratio
Commodities Energy
Mar 2017
$3.4 million
0.39%
Sector Holdings
As of 6/30/2017
Top Holdings
As of 6/30/2017
Total: 0.00%
Symbol
Global Exposure
As of 6/30/2017
Company
Cayman Etfs Energy
Longer Dated Fund Ltd
Usd
Last
# of
Shares
% of Net
Holdings
--
575
8.22
Asset Allocation
As of 6/30/2017
100%
Undefined / Other
Type
% Net
% Short
% Long
Cat. Avg.
U.S. Equities
0.00
--
0.00
1.15
Non U.S. Equities
0.00
--
0.00
0.28
U.S. Fixed Income
0.00
--
0.00
--
Non U.S. Income
0.00
--
0.00
--
Cash
91.78
--
91.78
35.04
Other
8.22
--
8.22
48.78
100.00%
50%
Total: 100.00%
0%
-50%
-100%
Risk vs. Reward
No Chart Available
©2017 Capital One Investing, LLC.
Page 4 of 3
®
Data provided by
Print date: July 31, 2017
ETFS Bloomberg Energy Longer Dated Strategy K-1 Free ETF (BEF)
Morningstar Category
Inception Date
Total Assets
Net Expense Ratio
Commodities Energy
Mar 2017
$3.4 million
0.39%
Performance data quoted represents past performance and does not guarantee future results. An investment's return and principal value will fluctuate so that an investor's shares, when redeemed,
may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
Investors cannot invest directly in an index. These unmanaged indexes do not reflect management fees and transaction costs that are associated with some investments. Past performance is not a
guarantee of future results.
ETF research presented by Capital One Investing, LLC incorporates other types of exchange-traded products such as exchange-traded notes (ETNs).
ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important
information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing.
Holdings: Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. As a result, they may not be
representative of the fund's current or future investments.
ETFs must be bought and sold through a broker-dealer such as Capital One Investing, LLC, which will involve commission expenses. ETFs are not directly redeemable and are subject to market
volatility. When buying or selling an ETF, an investor will receive the prevailing market price. Diversification does not guarantee a profit or protect against market losses. Dividends are not
guaranteed, and not all ETFs include a dividend investment objective or strategy.
©2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not
warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is
no guarantee of future results.
For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in
the same category. This measure takes into account variations in a fund’s monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free
rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35%
receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the ratings for the three-, five- and
ten-year (if applicable) time periods. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g.,
plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load.
Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. ETFS
Bloomberg Energy Longer Dated Strategy K-1 Free ETF was rated against the following numbers of U.S.-domiciled Commodities Energy funds over the following time periods: 9 funds in the last
three years, 9 funds in the last five years, and 4 funds in the last ten years. With respect to these Commodities Energy funds, ETFS Bloomberg Energy Longer Dated Strategy K-1 Free ETF received
a Morningstar Rating of -32768 stars, -32768 stars and -32768 stars for the three-, five- and ten-year periods, respectively. Past performance is no guarantee of future results. The Morningstar
Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.
The Morningstar Ownership Zone™ provides detail about a portfolio’s equity investment style by showing the range of stock sizes and styles. A portfolio's Ownership Zone™ is derived by plotting
each stock in the fund's portfolio within the proprietary Morningstar Style Box™. The shaded area represents the center 75% of the fund’s assets, and it provides an intuitive visual representation of
the area of the market in which the fund invests. A “centroid” plot in the middle of the Ownership Zone represents the weighted average of all the fund's holdings. A fund that is concentrated will
have a small ownership zone relative to the area of the style box, and broadly diversified fund will have an ownership zone that stretches across many sizes and style. Over a period of time, the
shape and location of a fund's ownership zone may vary.
The Morningstar Rating™ is provided for those exchange-traded funds (“ETFs”) with at least a three-year history. Ratings are based on the ETF’s Morningstar Risk-Adjusted Return measure which
accounts for variation in monthly performance, placing more emphasis on downward variations and rewarding consistent performance. An ETF’s risk-adjusted return includes a brokerage
commission estimate. This estimate is intended to reflect what an average investor would pay when buying or selling an ETF. PLEASE NOTE, this estimate is subject to change and the actual
brokerage commission an investor pays may be higher or lower than this estimate. Morningstar compares each ETF’s risk-adjusted return to the open-end mutual fund rating breakpoints for that
category. Consistent with the open-end mutual fund ratings, the top 10% of ETFs in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5%
receive 2 stars and the bottom 10% receive 1 star. The overall rating for an ETF is based on a weighted average of the time-period ratings (e.g., the ETF’s 3,5, and 10 year rating).. The
determination of an ETF’s rating does not affect the retail open end mutual fund data published by Morningstar. Past performance is no guarantee of future results.
Please note, some of the Morningstar proprietary calculations, including the Morningstar Rating™, are not customarily calculated based on adjusted historical returns. The evaluation of this
investment does not affect the retail mutual fund data published by Morningstar. For each retail mutual fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based
on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more
emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the
next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the
distribution percentages.) The Overall Morningstar Rating for a retail mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if
applicable) Morningstar Rating metrics. This investment’s independent Morningstar Rating metric is then compared against the retail mutual fund universe breakpoints to determine its hypothetical
rating. ETFS Bloomberg Energy Longer Dated Strategy K-1 Free ETF was rated against the following numbers of U.S.-domiciled Commodities Energy funds over the following time periods: 9 funds
in the last three years, 9 funds in the last five years, and 4 funds in the last ten years. With respect to these Commodities Energy funds, ETFS Bloomberg Energy Longer Dated Strategy K-1 Free ETF
received a Morningstar Rating of -32768 stars, -32768 stars and -32768 stars for the three-, five- and ten-year periods, respectively. Past performance is no guarantee of future results.
The Morningstar Style Box™ reveals a fund’s investment strategy.
For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth).
For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.
Morningstar seeks credit rating information from fund companies on a periodic basis (e.g., quarterly). In compiling credit rating information Morningstar accepts credit ratings reported by fund
companies that have been issued by all Nationally Recognized Statistical Rating Organizations (NRSROs). For a list of all NRSROs, please visit
http://www.sec.gov/divisions/marketreg/ratingagency.htm. Additionally, Morningstar accepts foreign credit ratings from widely recognized or registered rating agencies. If two rating
organizations/agencies have rated a security, fund companies are to report the lower rating; if three or more organizations/agencies have rated a security, fund companies are to report the median
rating, and in cases where there are more than two organization/agency ratings and a median rating does not exist, fund companies are to use the lower of the two middle ratings. PLEASE NOTE:
©2017 Capital One Investing, LLC.
Page 1 of 3
®
Data provided by
Print date: July 31, 2017
ETFS Bloomberg Energy Longer Dated Strategy K-1 Free ETF (BEF)
Morningstar Category
Inception Date
Total Assets
Net Expense Ratio
Commodities Energy
Mar 2017
$3.4 million
0.39%
Morningstar, Inc. is not itself an NRSRO nor does it issue a credit rating on the fund. An NRSRO or rating agency ratings can change from time-to-time.
For credit quality, Morningstar combines the credit rating information provided by the fund companies with an average default rate calculation to come up with a weighted-average credit quality. The
weighted-average credit quality is currently a letter that roughly corresponds to the scale used by a leading NRSRO. Bond funds are assigned a style box placement of "low", "medium", or "high"
based on their average credit quality. Funds with a low credit quality are those whose weighted-average credit quality is determined to be less than "BBB-"; medium are those less than "AA-", but
greater or equal to "BBB-"; and high are those with a weighted-average credit quality of "AA-" or higher. When classifying a bond portfolio, Morningstar first maps the NRSRO credit ratings of the
underlying holdings to their respective default rates (as determined by Morningstar's analysis of actual historical default rates). Morningstar then averages these default rates to determine the
average default rate for the entire bond fund. Finally, Morningstar maps this average default rate to its corresponding credit rating along a convex curve.
For interest-rate sensitivity, Morningstar obtains from fund companies the average effective duration. Generally, Morningstar classifies a fixed-income fund's interest-rate sensitivity based on the
effective duration of the Morningstar Core Bond Index (MCBI), which is currently three years. The classification of Limited will be assigned to those funds whose average effective duration is between
25% to 75% of MCBI's average effective duration; funds whose average effective duration is between 75% to 125% of the MCBI will be classified as Moderate; and those that are at 125% or
greater of the average effective duration of the MCBI will be classified as Extensive. For municipal bond funds, Morningstar also obtains from fund companies the average effective duration. In these
cases static breakpoints are utilized. These breakpoints are as follows: (i) Limited: 4.5 years or less; (ii) Moderate: more than 4.5 years but less than 7 years; and (iii) Extensive: more than 7 years. In
addition, for non-US taxable and non-US domiciled fixed income funds static duration breakpoints are used: (i) Limited: less than or equal to 3.5 years; (ii) Moderate: greater than 3.5 and less than
equal to 6 years; (iii) Extensive: greater than 6 years.
Securities are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered
investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.
Securities products are: Not FDIC insured • Not bank guaranteed • May lose value • Not a deposit
• Not Insured by any Federal Government Agency
©2017 Capital One Investing, LLC.
Page 2 of 3