Invests primarily in commodity-linked derivative instruments to gain exposure to commodity markets. Now — the numbers.
This is an established company with proven profits.
Average growth of 6% a year over the last 4 years. Red columns mark years that ended in a loss.
The market pays 122.2× for every dollar this company earns in a year — a price that already assumes things go well.
No analyst target is on record for this company.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
The net profit margin is 32% — the profit kept from each dollar of revenue is the company’s cushion in hard quarters.
It pays out $0.87 per share each year — regular cash for whoever holds the stock.
The company’s market value is 122 times its annual profit. Even a small disappointment could hit the price hard.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.