ETFs

ETF (UCITS compliant)

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

USD Accumulating ETF Class

ISINIE000MQ5XEW1

TER0.30%

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

ProviderBarclays
Bloomberg codeBCC4C4TT
Reuters code.BCC4C4TT
TypeTotal Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 25 April 2024. 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.
Share class launch date: 25 Apr 2024
Benchmark: Barclays Backwardation Tilt Multi-Strategy Ex-Agriculture & Livestock Capped Total Return Index
Share class launch date: 25 Apr 2024
Benchmark: Barclays Backwardation Tilt Multi-Strategy Ex-Agriculture & Livestock 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 constituents91.6%
Rest of Index8.4%
Number of constituents in Index13

Top 10 constituents (%)

Gold17.9
Natural Gas12.6
Copper12.3
Brent Crude11.7
Crude Oil9.7
Aluminium7.0
Gas Oil6.1
Silver5.3
Zinc4.7
Heating Oil4.4

Sector (%)

Energy
48.1
Industrial Metals
28.8
Precious Metals
23.1

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
USDXAGZIE000MQ5XEW1XAGZ LNA404HNXAGZ.L25/04/202408:00 - 16:30
Borsa Italiana
EURXAGZIE000MQ5XEW1XAGZ IMA404HNXAGZ.MI25/04/202409:00 - 17:30
Deutsche Börse Xetra
EURXEXAIE000MQ5XEW1XEXA GYA404HNXEXA.DE25/04/202409:00 - 17:30
SIX Swiss Exchange
USDXAGZIE000MQ5XEW1XAGZ SWA404HNXAGRI.S25/04/202409:00 - 17:30

Share class codes

ISINIE000MQ5XEW1
SEDOLBPGL0D4
BloombergXAGZ
WKNA404HN

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
Luxembourg
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom