ETF Quote Details
|NAV (month end)||31.03|
|Premium (+)/Discount (-) (month end)||+0.73|
Zacks Premium Research for CORN
|Zacks ETF Rank [?]||Strong Sell 5|
|ETF Risk [?]||NA|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
This index looks to reflect the daily changes of a weighted average of the closing prices for three futures contracts for corn that are traded on the CBOT. Specifically (1) the 2nd-to-expire contract, weighted 35%, (2) the 3rd-to-expire contract, weighted 30%, and (3) the contract expiring in the December following the expiration month of the 3rd-to-expire contract, weighted 35%.
CORN provides investors unleveraged direct exposure to corn without the need for a futures account. The Fund was also designed to reduce the effects of backwardation and contango.