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The RICI®

The RICI®

1.2 THE RICI® AND ITS SUB-INDEXES

Current Index Composition

3.1 INDEX WEIGHTS

The Index Weights remain unchanged as of the end of the January 2019 roll period, which roll period began at the end of January 2019, and are as follows:

Crude Oil
Brent
Natural Gas
Gold
Corn
Cotton
Aluminium
Copper
Silver
Soybeans
RBOB Gasoline
Wheat (CBOT)
Coffee
Lead
Live Cattle
Milling Wheat
Soybean Oil
Zinc
Heating Oil
Platinum

15.00%
13.00%
6.00%
5.00%
4.75%
4.20%
4.00%
4.00%
4.00%
3.50%
3.00%
2.75%
2.00%
2.00%
2.00%
2.00%
2.00%
2.00%
1.80%
1.80%

Gas Oil
Cocoa
Lean Hogs
Nickel
Rapeseed
Rubber
Sugar
Tin
Wheat (CME)
Wheat (MGEX)
White Sugar
Lumber
Rice
Soybean Meal
Orange Juice
Oats
Palladium
Milk Class III

TOTAL

1.20%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
0.90%
0.75%
0.75%
0.60%
0.50%
0.30%
0.20%

100.00%

5.4 RICI® – ASM INDEX WEIGHTS

Being a sub-index of the Rogers International Commodity Index® (“RICI®”) the exact weight of each of the Rogers International Commodity Index® – Agriculture (“RICI® – ASM“) components is the weight of the index component in the RICI® divided by the weight of the Agriculture segment in the RICI® (34.90%). Hence the Index Weights for RICI® – ASM are:

Corn
Cotton
Soybeans
Wheat (CBOT)
Coffee
Live Cattle
Milling Wheat
Soybean Oil
Cocoa
Lean Hogs
Rapeseed

4.75% / 34.90% ≈ 13.610%
4.20% / 34.90% ≈ 12.034%
3.50% / 34.90% ≈10.029%
2.75% / 34.90% ≈ 7.880%
2.00% / 34.90% ≈ 5.731%
2.00% / 34.90% ≈ 5.731%
2.00% / 34.90% ≈ 5.731%
2.00% / 34.90% ≈ 5.731%
1.00% / 34.90% ≈ 2.865%
1.00% / 34.90% ≈ 2.865%
1.00% / 34.90% ≈ 2.865%

Rubber
Sugar
Wheat (CME)
Wheat (MGEX)
White Sugar
Lumber
Rice
Soybean Meal
Orange Juice
Oats
Milk Class III
TOTAL

1.00% / 34.90% ≈ 2.865%
1.00% / 34.90% ≈ 2.865%
1.00% / 34.90% ≈ 2.865%
1.00% / 34.90% ≈ 2.865%
1.00% / 34.90% ≈ 2.865%
0.90% / 34.90% ≈ 2.579%
0.75% / 34.90% ≈ 2.149%
0.75% / 34.90% ≈ 2.149%
0.60% / 34.90% ≈ 1.719%
0.50% / 34.90% ≈ 1.433%
0.20% / 34.90% ≈ 0.573%
≈ 100%

6.4 RICI® – ESM INDEX WEIGHTS

Being a sub-index of the Rogers International Commodity Index® (“RICI®”) the exact weight of each of the Rogers International Commodity Index® – Energy (“RICI® – ESM“) components is the weight of the index component in the RICI® divided by the weight of the Energy segment in the RICI® (40.00%). Hence the Index Weights for RICI® – ESM are:

Crude Oil
Brent
Natural Gas
RBOB Gasoline
Heating Oil
Gas Oil
TOTAL

15.00% / 40.00% = 37.500%
13.00% / 40.00% = 32.500%
6.00% / 40.00% = 15.000%
3.00% / 40.00% = 7.500%
1.80% / 40.00% = 4.500%
1.20% / 40.00% = 3.000%
= 100%

Metals Index

7.4 RICI® – MSM INDEX WEIGHTS

Being a sub-index of the Rogers International Commodity Index® (“RICI®”) the exact weight of each of the Rogers International Commodity Index® – Metals (“RICI® – MSM“) components is the weight of the index component in the RICI® divided by the weight of the Metals segment in the RICI® (25.10%). Hence the Index Weights for RICI® – MSM are:

Gold
Aluminium
Copper
Silver
Lead
Zinc
Platinum
Nickel
Tin
Palladium
TOTAL

5.00% / 25.10% ≈ 19.920%
4.00% / 25.10% ≈ 15.936%
4.00% / 25.10% ≈ 15.936%
4.00% / 25.10% ≈ 15.936%
2.00% / 25.10% ≈ 7.968%
2.00% / 25.10% ≈ 7.968%
1.80% / 25.10% ≈ 7.171%
1.00% / 25.10% ≈ 3.984%
1.00% / 25.10% ≈ 3.984%
0.30% / 25.10% ≈ 1.195%
≈ 100%

Industrial Metals Index

8.4 RICI® IMSM INDEX WEIGHTS

Being a sub-index of the Rogers International Commodity Index® (“RICI®”) the exact weight of each of the Rogers International Commodity Index®- Industrial Metals (“RICI®- IMSM“) components is the weight of the index component in the RICI® divided by the weight of the Industrial Metals segment in the RICI® (14%). Hence the Index Weights for RICI® – IMSM are:

Aluminium
Copper
Lead
Zinc
Nickel
Tin
TOTAL

4.00% / 14.00% ≈ 28.571%
4.00% / 14.00% ≈  28.571%
2.00% / 14.00% ≈ 14.286%
2.00% / 14.00% ≈ 14.286%
1.00% / 14.00% ≈ 7.143%
1.00% / 14.00% ≈ 7.143%
≈ 100%

Precious Metals Index

9.4 RICI® – PMSM INDEX WEIGHTS

Being a sub-index of the Rogers International Commodity Index® (“RICI®”) the exact weight of each of the Rogers International Commodity Index® – Metals (“RICI® – PMSM“) components is the weight of the index component in the RICI® divided by the weight of the Precious Metals segment in the RICI® (11.10%). Hence the Index Weights for RICI® – PMSM are:

Gold
Silver
Platinum
Palladium
TOTAL

5.00% / 11.10% ≈ 45.045%
4.00% / 11.10% ≈ 36.036%
1.80% / 11.10% ≈ 16.216%
0.30% / 11.10% ≈ 2.703%
≈ 100%

1.1 THE RICI®

The Rogers International Commodity Index® (“RICI®”) is a composite, USD based, total return index, designed by James B. Rogers, Jr. in the late 1990s.

The index was designed to meet the need for consistent investing in a broad-based international vehicle; it represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy to metals products. The value of this basket is tracked via futures contracts on exchange-traded physical commodities, comprised of 38 commodities futures contracts, quoted in four different currencies, listed on ten exchanges in four countries.

RICI® aims to be an effective measure of the price action of raw materials not just in the United States but also around the world. Indeed, the index’s weights attempt to balance consumption patterns worldwide (in developed and developing economies) and specific contract liquidity.

The index is designed to offer stability, partly because it is broadly based and consistent in composition, and to meet a need in the financial spectrum currently not effectively covered.

Rogers International Commodity Index® Methodology

The Rogers International Commodity Indexes are maintained by their owner, Beeland Interests, Inc., who is advised by members of the Rogers International Commodity Index® Committee: a group of “wise people” just as are the people who determine the Dow Jones Averages and other major indexes.

For the sake of transparency, consistency, and stability, composition changes are infrequent. The Committee members generally monitor the Indexes daily for circumstances that warrant consideration of changes. The Committee meets formally in November or December of each year to assess the Indexes and discuss changes. Mr. James B. Rogers, Jr., as the founder of the RICI® and sole owner of Beeland Interests, chairs the RICI® Committee and is the final arbiter of its decisions.

The Committee of wise people bases its discussion on world consumption patterns and liquidity. Other indexes may show regular dramatic changes in weights and compositions meaning investors never know in what they are investing. This is not the case with the Rogers International Commodity Index®, which is stable, consistent and transparent. An investor in the Rogers Indexes always knows what he or she is getting.

The RICI® and its sub-indexes are calculated and published in real time.

RICI® Calculation

Indexes, calculated with 9 decimals accuracy, will be rounded to 2 decimal places and can be accessed via the following sources:

FOR CQG SUBSCRIBERS

RICI®-Agriculture Index Excess Return:
RICI®-Agriculture Index Total Return:
RICI®-Energy Index Excess Return:
RICI®-Energy Index Total Return:
RICI®-Metals Index Excess Return:
RICI®-Metals Index Total Return:
RICI®-Industrial Metals Index Excess Return:
RICI®-Industrial Metals Index Total Return:
RICI®-Precious Metals Index Excess Return:
RICI®-Precious Metals Index Total Return:
RICI®-Index Excess Return:
RICI®-Index Total Return:

RICIAER
RICIATR
RICIEER
RICIETR
RICIMER
RICIMTR
RICIBMER
RICIBMTR
RICIPMER
RICIPMTR
RICIER
RICITR

BLOOMBERG 

RICI®-Agriculture Index Excess Return:
RICI®-Agriculture Index Total Return:
RICI®-Energy Index Excess Return:
RICI®-Energy Index Total Return:
RICI®-Metals Index Excess Return:
RICI®-Metals Index Total Return:
RICI®-Industrial Metals Index Excess Return:
RICI®-Industrial Metals Index Total Return:
RICI®-Precious Metals Index Excess Return:
RICI®-Precious Metals Index Total Return:
RICI®-Index Excess Return:
RICI®-Index Total Return:

CQG 

ROGRAGER
ROGRAGTR
ROGRENER
ROGRENTR
ROGRIMER
ROGRIMTR
ROGRBMER
ROGRBMTR
ROGRPMER
ROGRPMTR
ROGRER
ROGRTR

DIAPASON 

RICIAGER Index
RICIAGTR Index
RICIENER Index
RICIENTR Index
RICIMEER Index
RICIMETR Index
RICIIMER Index
RICIIMTR Index
RICIBMER Index
RICIBMTR Index
RICIGLER Index
RICIGLTR Index

REUTERS

RICI®-Agriculture Index Excess Return:
RICI®-Agriculture Index Total Return:
RICI®-Energy Index Excess Return:
RICI®-Energy Index Total Return:
RICI®-Metals Index Excess Return:
RICI®-Metals Index Total Return:
RICI®-Industrial Metals Index Excess Return:
RICI®-Industrial Metals Index Total Return:
RICI®-Precious Metals Index Excess Return:
RICI®-Precious Metals Index Total Return:
RICI®-Index Excess Return:
RICI®-Index Total Return:

CQG

.ROGRAGER
.ROGRAGTR
.ROGRENER
.ROGRENTR
.ROGRIMER
.ROGRIMTR
.ROGRBMER
.ROGRBMTR
.ROGRPMER
.ROGRPMTR
.ROGRER
.ROGRTR

DIAPASON

RICIAGER = DIAP
RICIAGTR = DIAP
RICIENER = DIAP
RICIENTR = DIAP
RICIMEER = DIAP
RICIMETR = DIAP
RICIIMER = DIAP
RICIIMTR = DIAP
RICIBMER = DIAP
RICIBMTR = DIAP
RICIGLER = DIAP
RICIGLTR = DIAP

RICI® Performance

RICI® Agricultural Sub Index

RICI® Metals Sub Index

RICI® Energy Sub Index