ABERDEEN INVESTMENTS ANNOUNCES THE LIQUIDATION OF ABRDN BLOOMBERG INDUSTRIAL METALS STRATEGY K-1 FREE ETF: BCIM

Rhea-AI Summary

abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) will be closed and liquidated.

Creation requests stop after close of business Nov 24, 2025. Last trading day on NYSE Arca is Dec 3, 2025. The Fund expects to liquidate portfolio securities on or about Nov 25, 2025 and to pay liquidation proceeds to remaining shareholders on or about Dec 5, 2025. Shares held after market close on Dec 3, 2025 will be automatically redeemed for cash at NAV as of close of business on Dec 5, 2025, net of closing costs. The Fund may hold cash or non‑strategy securities while winding down and may experience higher tracking error before liquidation.

Positive

• Creation requests end on Nov 24, 2025
• Last NYSE Arca trading day Dec 3, 2025
• Redemption for remaining holders in cash on Dec 5, 2025

Negative

• Fund likely to incur higher tracking error during liquidation
• Portfolio may hold cash/non‑strategy securities before liquidation
• Shareholders may face closing costs deducted from redemption proceeds

Insights

ETF product strategist

Aberdeen will liquidate the BCIM ETF; trading ends December 3, 2025 and cash redemptions occur ~December 5, 2025.

Aberdeen is closing the abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM) as part of a product-shelf review. Creation units stop after close on November 24, 2025, the fund expects to liquidate portfolio holdings around November 25, 2025 due to futures expirations, and the last NYSE Arca trading day is December 3, 2025.

The mechanics will shift the fund toward cash and non‑standard holdings during wind-down, which the notice says may raise tracking error and reflect closing costs in the final NAV. Shareholders remaining after market close on December 3, 2025 will receive cash redemptions equal to NAV as of close on December 5, 2025, and will generally recognize capital gains or losses; the fund may also make distributions prior to redemption.

Watch three near-term dates: creation cut-off November 24, 2025, anticipated portfolio liquidation ~November 25, 2025, and final trading/redemption timeline through December 3, 2025 to December 5, 2025. Confirm tax treatment of any distributions and compare realized NAV to secondary-market sale proceeds before December 3, 2025 if holding shares.

PHILADELPHIA, Nov. 7, 2025 /PRNewswire/ -- Aberdeen Investments plans to close and liquidate abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (Ticker: BCIM) (the "Fund") as part of an ongoing process to review the products made available to investors in order to concentrate its offering on products that experience greater investor demand.

After the close of business on November 24, 2025, abrdn ETFs will no longer accept creation requests with respect to the Fund shares (the "Shares"). The last day of trading in the Shares on NYSE Arca will be December 3, 2025. Proceeds of the Fund's liquidation will be paid to the shareholders remaining in the Fund on or about December 5, 2025 (the "Liquidation Date").

In anticipation of the Fund's liquidation, when the Fund commences liquidation of its portfolio securities, the Fund may hold cash and securities that may not be consistent with the Fund's investment objective and strategy. During this period, the Fund is likely to incur higher tracking error than is typical for the Fund. In light of the expiration date of certain commodity futures contracts held through the Fund's subsidiary, the Fund anticipates that it will liquidate its portfolio securities on or about November 25, 2025.

Shareholders may sell their Shares on NYSE Arca until market close on December 3, 2025. Customary brokerage charges may apply to such transactions. At the time of the Fund's liquidation, Shares will be individually redeemed. For shareholders that still hold Shares after market close on December 3, 2025, Shares will be redeemed for cash automatically in an amount equal to the net asset value as of the close of business on December 5, 2025, which will reflect the costs of closing the Fund. Shareholders will generally recognize a capital gain or loss on the redemptions. The Fund may or may not pay one or more dividends or other distributions prior to or along with the redemption payments.

For more information about Aberdeen's ETF suite, please visit here.

About Aberdeen

• Aberdeen is a global investment company that helps clients and customers plan, save, and invest for the future. Our purpose is to enable our clients to be better investors.
• Aberdeen manages and administers $709.2 bn USD worth of assets for clients (as of June 30, 2025).
• Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser, and ii (interactive investor) – focused on the changing needs of our clients.
• The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise, and local market knowledge.
• Our teams collaborate across regions, asset classes, and specialisms, connecting diverse perspectives and working with clients to identify investment opportunities that suit their needs.
• As of June 30, 2025, our Investments business manages $504.1 bn USD on behalf of clients - including insurance companies, sovereign wealth funds, independent wealth managers, pension funds, platforms, banks, and family offices.

Investors should carefully consider the investment objectives, risks, fees, charges, and expenses of an ETF before investing. The summary and full prospectuses contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus for the ETF, contact us at 1-844-383-7289 or download it from this site.

Investing in ETFs involves risk, including possible loss of principal. There is no assurance that the investment objective of any fund will be achieved. ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. As a result, an investor may pay more than net asset value when buying and receive less than net asset value when selling. In addition, brokerage commissions will reduce returns. Fund shares are not individually redeemable directly with the Fund, but blocks of shares may be acquired from the Fund and tendered for redemption to the Fund by certain institutional investors in Creation Units.

In the United States, Aberdeen Investments refers to the following affiliated, registered investment advisers: abrdn Inc., abrdn Investments Limited, and abrdn Asia Limited. abrdn Inc. has been registered as an investment adviser under the Investment Advisers Act of 1940 since August 23, 1995.

Aberdeen's exchange-traded funds are distributed by ALPS Distributors, Inc. ALPS is not affiliated with Aberdeen Investments.

EFS000630  1/15/26

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SOURCE abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF

FAQ

What is the last day to create BCIM shares before liquidation?

Creation requests for BCIM stop after the close of business on Nov 24, 2025.

When is the last day to trade BCIM on NYSE Arca?

BCIM will trade on NYSE Arca through market close on Dec 3, 2025.

When will BCIM shareholders receive liquidation proceeds?

Proceeds are expected to be paid to remaining shareholders on or about Dec 5, 2025.

What happens if I still hold BCIM after market close on Dec 3, 2025?

Shares will be automatically redeemed for cash equal to NAV as of close of business on Dec 5, 2025, net of closing costs.

Will BCIM pay distributions before the Fund is liquidated?

The Fund may or may not pay one or more dividends or distributions prior to or with redemption payments.

Why might BCIM experience higher tracking error before liquidation?

During liquidation the Fund may hold cash and securities inconsistent with its strategy, causing higher tracking error.