Themed Portfolios
Commodities portfolio
The commodities portfolio provide us exposure to agriculture, oil & gas, and metals.
HGER: Harbor Commodity All-Weather Strategy ETF
If you had to choose only one of these ETFs, go for HGER.
The Harbor Commodity All‑Weather Strategy ETF (HGER) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Quantix Commodity Index.
Through a distinctive construction and exposure to a diversified basket of commodities, the Quantix Commodity Index (“QCI”) is designed to deliver a dynamic, all‑weather approach to commodity investing and outperformance to traditional commodity indices, particularly in inflationary environments.
QCI is comprised of commodity futures, which are distinct in their relationship to inflation and are generally regarded as having the highest positive correlation to inflation of all the major asset classes.
As part of its methodology, QCI considers the relative inflation sensitivity of each commodity, dynamically adjusts the weight of gold or other commodities based on the different market and inflationary regimes, and allocates to commodities with favorable roll yield dynamics. The Index is rebalanced on a quarterly basis.
HGER is offered as a 1940-Act ETF structure, eliminating the need for Schedule K-1 tax filing.
Source: https://www.harborcapital.com/etf/hger/
DBA holds 18 positions in the agriculture sector. Effective November 10, 2025, the Fund’s underlying index methodology has been updated. Updates include: an expanded commodity universe to include more eligible commodities based on liquidity and economic importance; the Optimum Yield approach was adjusted to remove contracts with limited liquidity; commodity weights are now reviewed annually using a rules-based process to align with global production and market liquidity; weight cap limits were added to reduce concentration in any single commodity or sector and additional rebalancing may occur during the year if large deviations are observed, helping maintain balanced exposure. (Source: https://www.invesco.com/us/en/financial-products/etfs/invesco-db-agriculture-fund.html)
With DBA you gain exposure to Live Cattle, Lean Hogs, Feeder Cattle, Soybean Oil and Meal, Coffee, Cooca, Wheat, and Cotton futures. Other holdings include Citigroup (bank), SentinelOne (software), and Wayfair (stores).
GLD and PHYS provide us with exposure to Gold. The differences between the two are:
If you are an US investor that would like to hold large quantities of Gold, go for PHYS, as you can redeem the gold physically, provided you have enough for a full gold bar (400 oz, about $2M at current prices).
SLV and PSLV are the equivalent for Silver:
Both physical trusts own the metal directly, without a bank as an intermediary. If you want to guarantee that your money is backed by the real metal, then go for the physical ETFs and you avoid the “main in the middle” and the possibility of “paper gold/silver” dilution.
XLE holds the biggest oil & gas companies and other energy and industrial corporations. It provides a good exposure to fluctuating oil prices.
AMLP holdings are in the midstream (pipelines and storage), which normally experience less fluctuations on oil price changes. AMLP pays a great +7% dividend quarterly:
URA is our play in the nuclear future. In a single trade, URA delivers efficient access to a basket of companies involved in mining uranium and producing nuclear components. It holds 52 companies but it is heavily concentrated on Cameco and Oklo:
And our final PICK :) is for an ETF that give us exposure to companies around the world that are involved in the extraction and production of diversified metals, aluminum, steel, and precious metals and minerals (excluding gold and silver).
