INDEX INSIGHTS Contact Information

INDEX INSIGHTS
Thomson Reuters CRB Commodity Producers Index
COMPOSITE
Index Performance. The Thomson Reuters CRB Commodity Producers Index (TICKER: CRBQX) decreased -9.30% from 3437.20 to 3117.60 in the
quarter ended September 2014. This compares to a decrease in the Thomson Reuters CRB Commodity Producers Total Return Index (TICKER: CRYTR) of
-9.62% and an increase in the S&P 500 Equity Index (TICKER: SPX) of +0.62%.
The Agriculture sector had the least negative impact on the index, decreasing -6.88% with a -2.80% contribution to the overall performance of CRBQX in the
third quarter of 2014. The Precious Metals sector had the least positive impact on the index, decreasing -17.89% with a performance contribution of
approximately -1.88%.
Contact Information
Joseph LaCorte, CFA
S-Network Global Indexes Inc.
(646) 467-7927
[email protected]
Information about the index, including
rule book, company descriptions and
historic data, can be found at:
www.crbequityindexes.com
The best performing stocks were United States Steel Corp (TICKER: X US), which rose +50.42%; Severstal OJSC (TICKER: SVST LI), which rose +22.83%;
and Andersons Inc (TICKER: ANDE US), which rose +21.91%. The worst performing stocks were Detour Gold Corp (TICKER: DGC CN), which declined
-43.20%; Iamgold Corp (TICKER: IMG CN), which declined -32.80%; and Cliffs Natural Resources Inc (TICKER: CLF US), which declined -31.03%.
The Thomson Reuters CRB Commodity Producers Index rose +0.43% in the past 12 months. This compares to a -2.41% decrease in the Thomson Reuters
CRB Commodity Producers Total Return Index and a +17.29% rise in the S&P 500 Equity Index.
Index Description. Thomson Reuters CRB Commodity Producers Index (TICKER: CRBQX) is an equity index designed to serve as a benchmark for globally
traded stocks that are principally engaged in the production and distribution of commodities, including energy, metals and agricultural products. The
CRBQX employs a modified capitalization weighting methodology designed to assure accurate investment exposure across the various business segments
that together comprise the global commodity producers industry.
Inclusion Criteria. All constituents in the CRBQX are “principally” engaged in the production of commodities. For the purposes of the CRBQX, a principally
engaged company must derive 50% or more of its annual revenues from its participation in its applicable industry. The CRBQX contains stocks selected from
a universe of approximately 1500 companies worldwide that pass the applicable revenue tests. Stocks eligible for inclusion in the CRBQX must trade on an
approved stock exchange, either as an ordinary, ADR or GDR, and have no material restrictions on foreign investment. Stocks must have a minimum market
capitalization of USD 750 million (USD 1 billion for energy stocks) and have average daily turnover in excess of USD 1 million per day.
Weighting Methodology. The CRBQX is divided into four sectors and the aggregate weight of each sector is fixed based on estimates of 3-year average
global production and/or consumption of the relevant commodity. Adjustments are made for precious metals to account for its role as a financial asset.
Sector weights are revised annually. Individual companies are weighted within their sectors based on a capitalization weighting methodology, adjusted for
free float, and then modified by the applicable sector weight.
Rebalancings. The CRBQX is rebalanced quarterly on the third Friday of the last month of each calendar quarter. Sector weights are adjusted to reflect the
annually revised sector weight at each rebalancing. Sector weights are revised annually on the third Friday of June.
Index Data. The CRBQX contains a fixed number of 150 constituents and is calculated in real time by the New York Stock Exchange. Deletions between
rebalancings are not replaced. Index values are distributed throughout the day at fifteen second intervals in U.S. Dollars. The CRBQX is calculated on both a
price only and total return basis. Daily values are available from December 31, 1999.
TICKER:
Thomson Reuters CRB Commodity
Producers Index: CRBQX
September 2014
Leading Movers
Ticker
Opening
Closing
Change
UNITED STATES STEEL CORP
X US
26.04
39.17
50.42%
SEVERSTAL OJSC
SVST LI
8.13
9.98
22.83%
ANDERSONS INC
ANDE US
51.58
62.88
21.91%
CF INDUSTRIES HOLDINGS INC
CF US
240.53
279.22
16.09%
ARCHER DANIELS MIDLAND CO
ADM US
44.11
51.10
15.85%
Ticker
Opening
Closing
Change
DETOUR GOLD CORP
DGC CN
13.79
7.83
-43.20%
IAMGOLD CORP
IMG CN
4.12
2.77
-32.80%
CLIFFS NATURAL RESOURCES INC
CLF US
15.05
10.38
-31.03%
ANGLOGOLD ASHANTI LTD
AU US
17.21
12.00
-30.27%
BTO CN
2.92
2.03
-30.23%
Lagging Movers
Company Name
Inquire about our custom institutional
benchmarking services
Q3 2014 Performance
Company Name
B2GOLD CORP
CRBQX Index
1040
1000
960
920
880
6/30/14
7/31/14
8/31/14
9/30/14
Thomson Reuters CRB Commodity Producers Index vs. Benchmarks (09/30/09 – 09/30/14)
CRBQX Index
MXWO Index
SPX Index
DJUBSTR Index
2000
1500
1000
500
09/30/09
09/30/10
*Note: This chart is a normalized historical graph
Data Source: S-Network Data as of September 30, 2014
09/30/11
09/30/12
09/30/13
0
09/30/14
This chart is for illustrative purposes only. All data for the CRBQX index before its official launch date are
simulated. Current data may differ from data quoted. Investors cannot invest directly in index.
Index returns do not reflect any management fees or brokerage expenses.
This material has been prepared and/or issued by S-Network Global Indexes Inc. and/or one of its consultants or affiliates. This document is for information purposes only and it should not be regarded as an offer to sell or as a solicitation of an offer to buy the
securities or other instruments mentioned in it. The information, including any third party information, may not be accurate or complete in its entirety, and it should not be relied upon as such. S-Network Global Indexes Inc. and/or its affiliates are not acting in a
fiduciary capacity. The products mentioned herein may not be eligible for sale in some states or countries and may not be suitable for all investors. The potential yield created by these products may be adversely affected by exchange rates, interest rates, or other
economic and political factors. An investor’s return may be less than the principle invested. S-Network Global Indexes Inc. and/or its affiliates may now, in the past, or in the future make markets, or deal as principle in the securities or derivatives thereof, mentioned
in the document. In addition, S-Network Global Indexes Inc., its shareholders, directors, officers, and/or employees and consultants, may from time to time hold a long or short position in these securities. This document may not be reproduced in any manner
without the prior written authorization of S-Network Global Indexes Inc. Opinions expressed within reflect the opinions of S-Network Global
Indexes Inc. and the author/analyst and are subject to change without notice.
©2014 S-Network Global Indexes Inc., 267 Fifth Avenue, New York, NY 10016.
INDEX INSIGHTS
Top Ten Constituents
Capitalization Profile
Number of Constituents
Company
150
TOTAL MARKET CAPITALIZATION
4.63 Trillion USD
LARGEST MARKET CAPITALIZATION
401.09 Billion USD
SMALLEST MARKET CAPITALIZATION
325.71 Million USD
AVERAGE MARKET CAPITALIZATION
30.85 Billion USD
MEDIAN MARKET CAPITALIZATION
12.32 Billion USD
Ticker
Country
Weight
MONSANTO CO
MON US
UNITED STATES
7.90%
EXXON MOBIL CORP
XOM US
UNITED STATES
5.06%
ARCHER DANIELS MIDLAND CO
ADM US
UNITED STATES
4.33%
SYNGENTA AG
SYNN VX
ZURICH
3.97%
DE US
UNITED STATES
3.94%
DEERE & CO
Simple Price Appreciation
CRBQX
MSCI
WORLD
S&P 500
DJ/UBS
Comdt TR
S&P/GS
Comdt TR
S&P
Global NR
5 Year
10.41%
50.70%
86.58%
-6.68%
6.86%
-2.28%
3 Year
7.00%
53.83%
74.32%
-15.19%
-0.32%
5.80%
1 Year
0.43%
10.02%
17.29%
-6.58%
-7.76%
0.01%
Compound Annual Growth Rate (CAGR)
POTASH CORP OF SASKATCHEWAN INC
POT CN
CANADA
3.83%
CHEVRON CORP
CVX US
UNITED STATES
2.87%
ROYAL DUTCH SHELL PLC
RDSA NA
NETHERLANDS
1.91%
MOSAIC CO
MOS US
UNITED STATES
1.90%
CF US
UNITED STATES
1.85%
CF INDUSTRIES HOLDINGS INC
Beta Matrix** (5 Year/Monthly)
CRBQX
MSCI
WORLD
S&P 500
DJ/UBS
Comdt TR
S&P/GS
Comdt TR
S&P
Global NR
CRBQX
1.0000
0.6783
0.5898
0.6676
0.7052
1.0144
CRBQX
MSCI
WORLD
S&P 500
DJ/UBS
Comdt TR
S&P/GS
Comdt TR
S&P
Global NR
MSCI WORLD
1.1602
1.0000
0.8833
0.7409
0.8772
1.2279
5 Year
2.00%
8.55%
13.29%
-1.37%
1.34%
-0.46%
S&P 500
1.2064
1.0562
1.0000
0.7534
0.9214
1.2655
3 Year
2.28%
15.44%
20.35%
-5.34%
-0.11%
1.90%
DJ/UBS Comdt TR
1.0066
0.6531
0.5554
1.0000
1.0035
1.0275
1 Year
0.43%
10.02%
17.29%
-6.58%
-7.76%
0.01%
S&P/GS Comdt TR
0.8414
0.6118
0.5375
0.7940
1.0000
0.8835
S&P Global NR
0.9558
0.6764
0.5830
0.6421
0.6977
1.0000
S&P/GS
Comdt TR
S&P
Global NR
Annualized Standard Deviation (Monthly)
CRBQX
MSCI
WORLD
S&P 500
DJ/UBS
Comdt TR
S&P/GS
Comdt TR
S&P
Global NR
5 Year
18.90%
14.45%
13.21%
15.39%
17.30%
19.47%
3 Year
16.29%
11.82%
10.58%
12.70%
14.73%
16.96%
1 Year
12.84%
8.83%
8.73%
11.42%
10.28%
12.70%
Sharpe Ratio
5 Year
CRBQX
MSCI
WORLD
0.1816
0.6184
Correlation Matrix (5 Year/Monthly)
MSCI
WORLD
CRBQX
S&P 500
CRBQX
1.0000
MSCI WORLD
0.8871
1.0000
S&P 500
0.8435
0.9659
1.0000
DJ/UBS
Comdt TR
S&P 500
DJ/UBS
Comdt TR
S&P/GS
Comdt TR
S&P
Global NR
0.9889
-0.0342
0.1449
0.0566
DJ/UBS Comdt TR
0.8197
0.6956
0.6469
1.0000
0.7703
0.7326
0.7037
0.8926
1.0000
0.9847
0.9113
0.8589
0.8122
0.7851
3 Year
0.2014
1.2580
1.7909
-0.3890
0.0484
0.1783
S&P/GS Comdt TR
1 Year
0.0807
1.1072
1.8579
-0.5570
-0.7525
0.0472
S&P Global NR
1.0000
*All data as of September 30, 2014
**Dependent variable shown in Column Headers, Independent shown in Row Headers
Index Composition
Industrial Metals
14.62%
Agriculture
42.11%
Energy
33.98%
Country Distribution
Sector Distribution
Precious Metals
9.29%
Others
Japan Norway 7.81%
1.33% 1.30%
Hong Kong
1.44%
Australia
1.65%
France
1.70%
Netherlands
2.65%
Zurich
3.97%
United States
50.54%
Canada
13.69%
United Kingdom
13.92%
This information, including the Thomson Reuters CRB Commodity Producers Index (CRBQX) and related indices and sub-indices (collectively the “CRB-EQ Indices”) and materials relating thereto, is the property of S-Network Global Indexes Inc (“SNGI”).
SNGI is the designer of the construction and methodology for the CRB-EQ Indices and is responsible for the content of this information. Reuters America LLC or its affiliates (“Thomson Reuters”) or its affiliates act as brand licensors for the CRB-EQ Indices.
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CRB-EQ Indices before their respective initial launch dates (as to each, the “Initial Launch Date”) are simulated by applying the index construction and methodology at the Initial Launch Date, which was designed with the benefit of hindsight, to available
historical equity values. Simulated historical returns do not reflect the impact (if any) of market disruption or market emergency events. Simulated historical returns do not reflect the impact that material changes in the underlying markets might have had on
the decisions to use or continue using certain securities and weightings in the CRB-EQ Indices. None of SNGI, Thomson Reuters or any other of their subsidiaries or affiliates makes any representations as to the accuracy, completeness or timeliness of the
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