L&G Multi-Strategy Enhanced Commodities ex-Agriculture & Livestock UCITS ETF

ETF (UCITS compliant)
L&G Multi-Strategy Enhanced Commodities ex-Agriculture & Livestock UCITS ETF
USD Accumulating ETF Class
Fund aim
The L&G Multi-Strategy Enhanced Commodities ex-Agriculture & Livestock UCITS ETF (the “Fund”) aims to track the performance of the Barclays Backwardation Tilt Multi-Strategy Ex-Agriculture & Livestock Capped Total Return Index (the “Index”).
Fund snapshot
- Diversification Commodities are a distinct asset class with returns that are largely uncorrelated with stock and bond returns
- Inflation hedge Commodity indices tend to benefit from rising inflation
- Broad commodities exposure Basket of commodity futures, excluding Agriculture and Livestock, with dynamically determined expiry dates
Fund facts
| Fund size | |
| Base currency | USD |
| Fund launch date | 25 Apr 2024 |
| Share class launch | 25 Apr 2024 |
| Domicile | Ireland |
| Replication method | Synthetic - unfunded swap backed by collateral |
Benchmark
Barclays Backwardation Tilt Multi-Strategy Ex-Agriculture & Livestock Capped Total Return Index
Index description
Barclays Backwardation Tilt Multi-Strategy Ex-Agriculture & Livestock 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; and (3) Precious metals.
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
| Provider | Barclays |
| Bloomberg code | BCC4C4TT |
| Reuters code | .BCC4C4TT |
| Type | Total Return |
| Website | Go to website |
Performance
Performance scenarios
Example investment: 10,000 USD
Portfolio breakdown
As at 30 Sep 2026
| Top 10 constituents | 91.6% |
|---|---|
| Rest of Index | 8.4% |
| Number of constituents in Index | 13 |
|---|
Top 10 constituents (%)
| Gold | 17.9 |
| Natural Gas | 12.6 |
| Copper | 12.3 |
| Brent Crude | 11.7 |
| Crude Oil | 9.7 |
| Aluminium | 7.0 |
| Gas Oil | 6.1 |
| Silver | 5.3 |
| Zinc | 4.7 |
| Heating Oil | 4.4 |
Sector (%)
Energy | 48.1 |
Industrial Metals | 28.8 |
Precious Metals | 23.1 |
| Top 10 constituents | 91.6% |
|---|---|
| Rest of Index | 8.4% |
| Number of constituents in Index | 13 |
|---|
Top 10 constituents (%)
| Gold | 17.9 |
| Natural Gas | 12.6 |
| Copper | 12.3 |
| Brent Crude | 11.7 |
| Crude Oil | 9.7 |
| Aluminium | 7.0 |
| Gas Oil | 6.1 |
| Silver | 5.3 |
| Zinc | 4.7 |
| Heating Oil | 4.4 |
Sector (%)
Energy | 48.1 |
Industrial Metals | 28.8 |
Precious Metals | 23.1 |
Commodity (%)
Gold | 17.9 |
Natural Gas | 12.6 |
Copper | 12.3 |
Brent Crude | 11.7 |
Crude Oil | 9.7 |
Aluminium | 7.0 |
Gas Oil | 6.1 |
Silver | 5.3 |
Zinc | 4.7 |
Other | 12.9 |
All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Index.
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
Document type
Prices
Pricing information
| Price time | 16:00 EST (NY) |
| Currency | USD |
Listings and codes
Listings
| Exchange | Currency | Ticker | ISIN | Bloomberg | WKN | Reuters | Listing date | Trading hours (local) |
|---|---|---|---|---|---|---|---|---|
| London Stock Exchange | USD | XAGZ | IE000MQ5XEW1 | XAGZ LN | A404HN | XAGZ.L | 25/04/2024 | 08:00 - 16:30 |
| Borsa Italiana | EUR | XAGZ | IE000MQ5XEW1 | XAGZ IM | A404HN | XAGZ.MI | 25/04/2024 | 09:00 - 17:30 |
| Deutsche Börse Xetra | EUR | XEXA | IE000MQ5XEW1 | XEXA GY | A404HN | XEXA.DE | 25/04/2024 | 09:00 - 17:30 |
| SIX Swiss Exchange | USD | XAGZ | IE000MQ5XEW1 | XAGZ SW | A404HN | XAGRI.S | 25/04/2024 | 09:00 - 17:30 |
Share class codes
| ISIN | IE000MQ5XEW1 |
| SEDOL | BPGL0D4 |
| Bloomberg | XAGZ |
| WKN | A404HN |
Dealing information
| Issuer | Legal & General UCITS ETF Plc |
| Depositary and Trustee | The Bank of New York Mellon SA/NV, Dublin Branch |
| Securities regulator | Central Bank of Ireland |
Country registration
This share class is registered for sale in the following countries:


















