Bank of America Merrill Lynch Announces 2015 Composition and Weights for the Merrill Lynch Commodity Index eXtra℠

DBank of America Merrill Lynch today announced the 2015 composition and weights for the Merrill Lynch Commodity index eXtraSM (MLCX). The MLCX is designed to provide a liquid, consistent, representative and cost-efficient benchmark for commodity market performance and for investment in commodities as an asset class. The MLCX contains the following six market sectors: Energy, Base Metals, Precious Metals, Grains & Oil Seeds, Livestock, and Soft Commodities & Others.

Bank of America Merrill Lynch constructs the MLCX based on the liquidity of the constituent futures contracts and the value of the global production of each underlying commodity. The MLCX also seeks to avoid redundant contracts and includes only the most liquid contract per commodity, which is determined by volume and price.

The commodity weights, which are determined by the Bank of America Merrill Lynch Commodities group pursuant to the MLCX Handbook, are listed below:

Commodity

2014

2015

Change

Brent 29.01% 28.9% (0.08)%
Gasoil 12.28% 11.94% (0.35)%
Gasoline (RBOB) 12.11% 11.57% (0.54)%
Wheat 6.65% 6.24% (0.40)%
Corn 7.27% 5.63% (1.65)%
Crude Oil (WTI) 4.73% 5.35% 0.62%
Copper 4.95% 5.28% 0.33%
Gold 4.49% 4.24% (0.25)%
Aluminium 2.70% 3.07% 0.37%
Soybean Meal 2.37% 2.87% 0.49%
Sugar 2.31% 2.53% 0.22%
Natural Gas 1.87% 2.22% 0.35%
Cotton 1.47% 2.00% 0.53%
Live Cattle 2.04% 1.97% (0.06)%
Soybean 1.53% 1.58% 0.05%
Coffee 0.92% 1.08% 0.16
Lean Hogs 0.96% 1.03% 0.06%
Zinc 0.81% 1.00% 0.19%
Nickel 0.81% 0.88% 0.07%
Silver 0.73% 0.60% (0.12)%

Sector

2014

2015 Target

Change

Energy 60.00% 60.00% 0.00%
Grains & Oil Seeds 17.83% 16.32% (1.51)%
Base Metals 9.26% 10.23 0.97%
Precious Metals 5.21% 4.84% (0.37)%
Soft Commodities 4.69% 5.61% 0.91%
& Others
Livestock 3.00% 3.00% 0.00%

Due to rounding, the change may not be equal to the difference between the figures shown.

Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses, middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,900 retail banking offices and approximately 15,700 ATMs and award-winning online banking with 31 million active users and more than 16 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and member of SIPC, and, in other jurisdictions, a locally registered entity. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

Visit the Bank of America newsroom for more Bank of America news.

www.bankofamerica.com

Contacts:

Reporters May Contact:
Kristen Kaus, Bank of America Merrill Lynch, 1.646.556.0999
kristen.kaus@bankofamerica.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.