ETFs

ETF (UCITS compliant)

L&G Multi-Strategy Enhanced Commodities UCITS ETF

An ETF which takes advantage of the growth tailwinds, diversification benefits and inflation hedging properties associated with the commodity futures market.

ISINIE00BFXR6159

TER0.30%

Fund aim

The L&G Multi Strategy Enhanced Commodities UCITS ETF (the "ETF") aims to track the performance of the Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index (the “Index”).

Fund snapshot

  • Broad commodities exposure

Basket of commodity futures with dynamically determined expiry dates

  • Diversification

Commodities are a distinct asset class with returns that are largely independent of stock and bond returns

  • Inflation hedge

Commodity indices tend to benefit from rising inflation

Fund facts

Fund size
Base currency USD
Fund launch date 5 Jul 2021
Share class launch 5 Jul 2021
Domicile Ireland
Replication method Synthetic - unfunded swap backed by collateral

Benchmark

Barclays Backwardation Tilt Multi-Strategy Capped Total Return

Index description

Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index

The Index provides broad-based exposure to commodities via a diversified basket of commodity futures with different expiry dates of up to 1 year, selecting specific contracts based on shape of the futures curve or other idiosyncratic properties.

The Index provides a return equivalent to a fully “collateralised” investment in a diversified portfolio of commodity “futures contracts” across the following sectors: (1) Energy; (2) Industrial metals; (3) Precious metals; (4) Agriculture; and (5) Livestock.

The Index return is comprised of: (1) the "spot" return which reflects the day-to-day changes in the prices of the commodity futures contracts; (2) the "roll" return associated with periodically selling the futures contracts that are nearing their expiry dates with later dated equivalents in order to maintain exposure to the commodity futures on an ongoing basis); and (3) the "collateral" return which reflects the interest that a commodity investor would earn where they deposit with a bank (for safe keeping) the cash that they will need to settle the contract at the future delivery date.

Index data

ProviderBarclays
Bloomberg codeBCC3C3TT
Reuters code.BCC3C3TT
TypeTotal Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 05 July 2021. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Share class launch date: 05 Jul 2021
Benchmark: Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index
Share class launch date: 05 Jul 2021
Benchmark: Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index

Performance scenarios

The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product with input from the over the last 10 years. Markets could develop very differently in the future.

Example investment: 10,000 USD

Data for the selected period isn't currently available

Portfolio breakdown

Top 10 constituents67.8%
Rest of Index32.3%
Number of constituents in Index25

Top 10 constituents (%)

Brent Crude11.6
Crude Oil9.6
Gold7.8
Aluminium7.7
Live Cattle6.9
Gas Oil6.0
Zinc5.2
Heating Oil4.4
Coffee4.3
Natural Gas4.1

Sector (%)

Energy
38.6
Agriculture
31.4
Industrial Metals
12.8
Precious Metals
9.8
Livestock
7.4

All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Index.

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Fund managers

ETF Investment Management Team

Legal & General Investment Management Limited is the investment manager for this ETF and is responsible for its day-to-day investment management decisions. The team is highly experienced with respect to all aspects relating to the management of an ETF portfolio, including collateral management, OTC swap trading, adherence to UCITS regulations and counterparty exposure and monitoring.

Literature

Prices

Pricing information

Price time16:00 EST (NY)
CurrencyUSD
Monthly price history

Download full price history

Listings and codes

Listings

ExchangeCurrencyTickerISINBloombergWKNReutersListing dateTrading hours (local)
London Stock Exchange
GBPENCGIE00BFXR6159ENCG LNA2N4PWENCG.L08/07/202108:00 - 16:30
London Stock Exchange
USDENCOIE00BFXR6159ENCO LNA2N4PWENCO.L08/07/202108:00 - 16:30
Borsa Italiana
EURENCOIE00BFXR6159ENCO IMA2N4PWENCO.MI23/09/202109:00 - 17:30
Deutsche Börse Xetra
EUREN4CIE00BFXR6159EN4C GYA2N4PWEN4C.DE23/09/202109:00 - 17:30
SIX Swiss Exchange
CHFENCOIE00BFXR6159ENCO SWA2N4PWENCO.S17/11/202109:00 - 17:30

Share class codes

ISINIE00BFXR6159
SEDOLBF5CXZ1
BloombergENCO
WKNA2N4PW

Dealing information

IssuerLegal & General UCITS ETF Plc
Depositary and TrusteeThe Bank of New York Mellon SA/NV, Dublin Branch
Securities regulatorCentral Bank of Ireland

Country registration

This share class is registered for sale in the following countries:

Austria
Denmark
Finland
France
Germany
Ireland
Italy
Liechtenstein
Luxembourg
Netherlands
Norway
Portugal
Singapore*
Spain
Sweden
Switzerland
United Kingdom

* The Fund is on the list of restricted collective investment schemes, but is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the Shares cannot be offered or marketed to retail clients.