IDX Commodity Opportunities Fund (COIDX)

Bringing Opportunistic Commodity-focused exposure to Financial Advisors Family Offices Institutions

CONTACT US
About IDX What’s Unique to This Fund How the Fund Works Docs, Fact Sheet & FAQs Fund Facts & Stats Latest Insights In the Press

A Commodities & Risk-Management Pedigree

At IDX we are focused on developing Risk-Managed Solutions that make it simple for fiduciaries and investors to participate in commodities beyond what’s available through traditional managed futures or long-only commodities funds.

IDX combines expertise across the managed futures and ETF landscape to deliver institutional investors risk-managed exposure that is focused on commodities with an ability to go short as well as opportunistically participate across asset classes.

More than just Managed Futures

The Fund’s manager, IDX, believes that the commodities

will be an important source of return for investors going forward. 

However, traditional managed futures funds are typically:

(i) Not necessarily focused on commodities exposures and

(ii) Only express allocations through futures contracts. 

IDX believes a crucial part of the commodity investing landscape, going forward, will be expressed in commodities-related companies…as well as the commodities themselves.

  • Our models seek to profit from bullish & bearish trends across asset classes with a dedicated focus on commodities.

  • In addition to futures contracts, the Fund seeks to profit from trends within the ETF landscape as well (e.g. Mining companies, Oil Servicers, Agri-Business,etc.)

IDX OVER THE YEARS

A brief history of our expertise

  • 2011

    IDX Founders complete pioneering research in "Hedge Fund Replication"

    “Investible Benchmarks and Hedge Fund Liquidity” is published providing early insights into hedge fund replication methods

  • 2011

    Long/Short Replication strategy launched

    IDX Founders begin managing hedge fund replication strategy for large institutional accounts.

  • 2012

    Hedge Fund Replication Business sold to Van Eck Global

    Hedge Fund Replication Business and associated patents acquired by Van Eck Global.

  • 2017

    IDX Founder is a PM of top-100 Barron’s CTA

    2017 Barron’s PENTA lists RQSI GAA as top 100 hedge fund.

  • 2019

    IDX Launches Strategic Commodity Beta Strategy

    IDX launches Long/Flat commodity strategy for advisors seeking risk-managed commodity exposure.

What IDX Believes In

Volatility Can Be Favorable, But Not Without Downside Protection

Commodities have long been an important source of return within institutional portfolios.  Over the last decade, generationally low interest rates and inflation combined with quantitative easing have caused investors to chase increasingly speculative or growth-oriented investments.  The issue remains that commodities have always been a volatile asset class.  IDX seeks to harvest that volatility as a source of return for investors by tactically establishing both long and short exposures that seek to take advantage of trends across all environments.

Long/Short Access to Commodities is Important

We began managing commodities exposure in the form of Separately Managed Accounts in 2019 with a dedicated focus on Risk-Mitigation. Commodities are a powerful asset class for investors, particularly during periods of non-zero inflation and increased geo-political risks.  That said, the volatility and large drawdowns of the asset class are a stumbling block for many investors.  By taking an opportunistic long/short approach to commodities, IDX seeks to provide investors with a commodity-focused exposure that can make money in any environment.

An Ability to invest across Futures & ETFs

Futures contracts have largely remained unchanged since the 70’s while all of the innovation in providing exposures has been in the ETF landscape.  By moving outside just futures contracts, the IDX Commodity Opportunities Fund can participate in trends within the commodities ecosystem that extend beyond just the raw material (such as Oil Services or Miners) as well as entirely new parts of the ecosystem that have no futures representation at all (such as “CleanTech” or “AgriBusiness”).

Why Does it Make Sense to Own (COIDX)?

  • The IDX Commodity Opportunities Fund (COIDX) seeks to tactically allocate to futures and ETFs, using a rules-based approach, in an effort to capture trends across asset classes (with a focus on commodities).

  • The IDX Commodity Opportunities Fund (COIDX) seeks to deliver a superior risk/return profile relative to long-only (passive) commodity exposure.

  • Unlike managed futures funds, the IDX Commodity Opportunities Fund (COIDX) can utilize ETFs to participate capture trends across a broader ecosystem of exposure (i.e. Miners, Oil Services) as well as entire industries not captured by the futures markets (i.e. CleanTech, AgTech)

GROWTH & VOLATILITY

Commodities historically have been an important source of diversified return within portfolios as well as providing a hedge against inflation and geopolitical risk.  However, that has come at the cost of an elevated risk profile.  The Fund seeks to profit in both up and down commodities markets while demonstrating a low correlation to either stocks or bonds.

DRAWDOWNS

In traditional asset classes a “Bear” market is classically defined as a 20% or greater decline from recent highs amid widespread pessimism and negative sentiment. Many investors are surprised to learn that Commodities as an asset class have commonly exceeded bear market territory, as classically defined, over the years. While the payoff, over time, may be large, the cost to get there can be high.

Additional Resources

Regulatory Docs

Prospectus

Statement of Additional Information

12.31.22 IDX Funds Annual Report

Fund Materials

April Commentary

April Factsheet

Request Fund Presentation

FAQs

No the Fund does not produce a K-1. Shareholders will receive a 1099 on an annual basis.

Because the fund is designed to be opportunistic, it has the ability to transact across any futures market with sufficient liquidity.  That said, it is expected that the majority of futures exposure will be among the top 30 markets by open interest.

Unlike most managed futures funds, COIDX expects to have the majority of the fund invested in commodities the majority of the time, over a market cycle.  Because there can be periods in which few opportunities exist in within the commodity spectrum (either long or short), the Fund has the ability to try and capitalize on trends in other asset classes.

Yes!  This is one of the distinguishing features of COIDX – the ability to invest in various commodity and hard asset related ETFs.  This allows for (i) the potential to capitalize on more sophisticated trends within the commodities complex (e.g. short oil vs. long oil producers) as well as (ii) the ability to capitalize on industries that aren’t touched by futures (e.g. agri-business, clean-tech, green-tech, infrastructure, etc.)

Fund Facts & Stats

Fund Snapshot

Ticker COIDX
CUSIP 45174B100
Inception Date 11/14/2022

Expenses

Management Fee1.49%
Gross Expense Ratio1.84%
Minimum Investment$10,000

Get In Touch

Call IDX at 800-403-4349, send a message using the form below, or email us at info@idx-us.com for a quick response.

For media inquiries, please email idx@dlpr.com.

By clicking “Send Message Now,” I agree to the IDX Terms of Use. 

Latest Insights

The Current Inflation Cycle: Navigating Portfolio Management with Commodities

IDX LOGO

Contact

+1 800-403-4349

Phoenix Office – 2201 East Camelback Road
Phoenix AZ 85016

ir@idx-us.com

Legal

Privacy Policy

Terms of Use

Social Media Policy

Disclaimers

Disclosures

Distributed by Foreside Funds Services LLC which is not affiliated with IDX Funds or IDX Advisors LLC.  There are risks involved with investing including the possible loss of principal.  Diversification does not guarantee investment returns or eliminate the risk of loss.  Past performance does not guarantee future results.  Investors should carefully consider the investment objectives, risks, charges and expenses of the fund before investing.  To obtain a prospectus containing this and other important information, please visit the fund page to download a prospectus online or here.  Read the fund’s prospectus carefully before you invest.

The BTIDX Fund actively invests in bitcoin futures contracts and other instruments that provide exposure to bitcoin futures.  The Fund is a new mutual fund and has a limited history of operations for investors to evaluate.  Additional risks associated with the Fund include, but are not limited to:  Futures Risk: The Fund’s use of futures involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments.  Investments in futures involve leverage, which means a small percentage of assets invested in futures can have a disproportionately large impact on the Fund.  Concentration Risk: The Fund is concentrated in the Bitcoin industry. The Fund’s concentrated investment exposure involves risks different from, or possibly greater than, the risks associated with investing in a fund with exposure to a broader range of industries.  The concentration risk of the Fund includes, but is not limited to, the potential for greater volatility and the potential for greater loss of investment capital than a diversified fund. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the Bitcoin industry.  Fluctuations in the price of Cryptocurrencies, specifically Bitcoin and Bitcoin industry companies, often dramatically affects the profitability of the Bitcoin Industry and therefore potentially the Fund.  Cryptocurrency Risk: Cryptocurrency (notably, Bitcoin), often referred to as “virtual currency” or “digital currency,” operates as a decentralized, peer-to-peer financial exchange and value storage that is used like money.  The Fund may have concentrated exposure to Bitcoin, a cryptocurrency, indirectly through an investment in CME Bitcoin Futures and vehicles that the fund’s manager, in its sole and absolute discretion, determines to be Bitcoin Industry companies or investments.  Cryptocurrencies operate without central authority or banks and are not backed by any government.

The COIDX Fund is a new mutual fund and has a limited history of operations for investors to evaluate. Additional risks associated with the Fund include, but are not limited to: Investment Concentration Risk: The Fund is concentrated in Commodity Futures and Commodity Industry companies. The Fund’s concentrated investment exposure involves risks different from, or possibly greater than, the risks associated with investing in a fund with exposure to a broader range of industries. The concentration risk of the Fund includes, but is not limited to, the potential for greater volatility and the potential for greater loss of investment capital than a diversified fund. The Fund may be susceptible to financial, economic, political or market events, as well as government regulation, impacting the Commodity industry. Fluctuations in the price of Commodities often dramatically affects the profitability of the Commodities Industry and therefore potentially the Fund. Futures Risk: The Fund’s use of futures involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Investments in futures involve leverage, which means a small percentage of assets invested in futures can have a disproportionately large impact on the Fund.

Other risks associated with investing in the funds include:  Geographic Concentration Risk: The Funds may be particularly susceptible to economic, political, regulatory or other events or conditions affecting countries within the specific geographic regions in which the Fund invests. Liquidity Risk: Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price, or possibly requiring the Fund to dispose of other investments at unfavorable times or prices in order to satisfy its obligations. Leverage Risk: The value of your investment may be more volatile if the Fund borrows or uses instruments, such as derivatives, that have a leveraging effect on the Fund’s portfolio. Equity Market Risk: Equity markets can be volatile, and the prices of common stocks can fluctuate significantly. Derivatives Risk: The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Foreign Investment Risk: Foreign investing involves risks not typically associated with U.S. investments, including adverse fluctuations in foreign currency values, adverse political, social and economic developments, less liquidity, greater volatility, less developed or less efficient trading markets, political instability and differing auditing and legal standards. Portfolio Turnover Risk: The frequency of the Funds transactions will vary from year to year. Higher costs associated with increased portfolio turnover may offset gains in a Funds performance. ETF Risk: ETFs are subject to investment advisory fees and other expenses, which will be indirectly paid by the Fund. As a result, your cost of investing in the Fund will be higher than the cost of investing directly in ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. ETFs are listed on national stock exchanges and are traded like stocks listed on an exchange. Model and Data Risk: Given the complexity of the investments and strategies of the Fund, the adviser relies heavily on quantitative models and information and data both proprietary as well as supplied by third parties (“Models and Data”). Models and Data are used to rank securities and derivatives, provide risk management insights, and to assist in managing the Fund’s investments.