The creation and redemption process is a fundamental feature of the ETF structure. Learn how this process works and its role in driving liquidity and tax efficiency for investors.

Fallen angels lagged broad high yield by 1.14% in Q3 2026 as the 10-year Treasury climbed to 5.29%. With index yields at the 80th percentile, see what drove the drop and what carry may mean ahead.

Energy drove Q3 2026 commodity gains as conflicts and refining constraints lifted refined-product prices, while CMCITR and BCOM each ended September up roughly 32% for the year.

Despite gold’s price dip in September, sector fundamentals look solid: producers are reporting near-record margins, strong balance sheets, and management teams focused on execution.