CERY ETF — SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF

SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY)

CERY is an ETF. its trailing-12-month yield is 3.58%, its expense ratio is 0.28%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 67.8% over the past 2 years, 25.6 points ahead of SPY at 42.2%.

SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF is an ETF that tracks a diversified commodities index through synthetic positions in futures contracts, designed to provide broad exposure to the commodities market without concentration in any single commodity or sector. The fund carries a modest current distribution rate with an annual payout frequency and a low expense ratio of 0.28%; note that the latest distribution was special and may not recur regularly. The fund appeals to investors seeking commodity market exposure with tax-efficient structuring through its no-K-1 share class.

CERY performance versus SPY

Price and return data through 2026-09-18.

Total return is 67.8% over the past 2 years, 25.6 points ahead of SPY at 42.2%. Over the past year its total return — price change plus distributions reinvested — is 47.7%. Its deepest 1-year drawdown was 14.3%.

CERY key facts

Distribution Safety Score™

50 · Unproven

Issuer

State Street

Asset type

ETF

Asset class

Commodity

Inception date

09/04/2024

Expense ratio

0.28%

Distribution frequency

Annual

Trailing yield

3.58%

Last close

$39.85 (as of 2026-09-18)

NAV

$39.94

Premium / discount

0.23% discount

AUM

$1,152,843,217

Average volume

63800.0

Last dividend

$1.426

Last ex-dividend date

12/29/2025 (as of 2025-12-29)

Last payment date

12/31/2025 (as of 2025-12-31)

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.58%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: State Street; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CERY risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 14.3%.

Who may consider CERY — and who may not

It is a weaker fit for investors who need monthly cash flow (CERY pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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