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PaperclipPerfector  1mo ago (text post)   2500 thread views

Small-Scale Question Sunday for December 21, 2025

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

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I've just bought an index fund that's supposed to track copper futures. CPER is the ticker name. I believe it is a basket of futures up to a year out.

"Total Expense Ratio 1.06%"

Ouch. vicente_del_bosque.gif

Not too late to sell and buy a low-cost broadly diversified ETF or MF.

I hate commissions as much as anyone, but that doesn't seem outrageous for this kind of strategy, it's probably far cheaper than trading it on your own, considering the outrageous commissions for futures contracts.

ouch yea I didn't do enough research! This is a problem for 2026!

I believe

Fund literature

The investment objective of CPER is for the daily changes in percentage terms of its shares’ per share NAV to reflect the daily changes in percentage terms of the SummerHaven Copper Index Total Return (the “SCI”), less CPER’s expenses.

The overall return on the SCI is generated by two components: (i) uncollateralized returns from the Benchmark Component Copper Futures Contracts comprising the SCI, and (ii) a daily fixed income return reflecting the interest earned on hypothetical 3-month Treasuries, calculated using the weekly auction rate for 3-Month Treasuries published by the U.S. Department of the Treasury. SHIM is the owner of the SCI.

Commodity nameCopper
Commodity symbolHG
Allowed contractsAll 12 calendar months
Max. tenor12

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