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On June 16, Harbor Capital Advisors launched the Harbor Active Commodity ETF (ACOM). With an expense ratio of 93 basis points, this fund provides actively managed exposure to commodity instruments with a focus on high expected inflation and low cost of carry.
CMDT is a relatively new actively managed commodity ETF that uses derivatives to achieve desired exposures. Since inception, CMDT has outperformed the Bloomberg Commodity Index. However, Q1 2025 saw underperformance due to specific sector allocations, notably underweight natural gas. The fund managers seem confident in their convictions, and are comfortable deviating substantially from the sector weights of the Bloomberg Commodity Index.
Aided by strong performance in the first four-plus months of the year, advisors are looking more closely at commodities. We believe most client portfolios remain dominated by equities and fixed income.
Pacific Investment Management Co. has launched the PIMCO Commodity Strategy Active ETF (NYSE Arca: CMDT). The new actively managed ETF invests in a broad range of commodity-linked instruments.
SEC filings for CMDT aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.