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%

Fact Sheet

KID

Prospectus

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

As at 30 Sep 2026

Download full fund holdings

Download collateral constituents

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.

Important information

In the United Kingdom and outside the European Economic Area, it is issued by Legal & General Investment Management Limited, authorised and regulated by the Financial Conduct Authority, No. 119272. Registered in England and Wales No. 02091894 with registered office at One Coleman Street, London, EC2R 5AA.

In the European Economic Area, it is issued by LGIM Managers (Europe) Limited, authorised by the Central Bank of Ireland as a UCITS management company (pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended) and as an alternative investment fund manager with “top up” permissions which enable the firm to carry out certain additional MiFID investment services (pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), as amended). Registered in Ireland with the Companies Registration Office (No. 609677). Registered Office: 70 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Regulated by the Central Bank of Ireland (No. C173733).

LGIM Managers (Europe) Limited operates a branch network in the European Economic Area, which is subject to supervision by the Central Bank of Ireland. In Italy, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Commissione Nazionale per le società e la Borsa (“CONSOB”) and is registered with Banca d’Italia (no. 23978.0) with registered office at Piazza della Repubblica 3, Milano 20121, (Companies’ Register no. MI - 2557936). In Germany, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority (“BaFin”). In the Netherlands, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Dutch Authority for the Financial Markets (“AFM“) and it is included in the register held by the AFM and registered with the trade register of the Chamber of Commerce under number 74481231. Details about the full extent of our relevant authorisations and permissions are available from us upon request.

We are a member of the Irish Funds Association.

All features described on this website are those current at the time of publication and may be changed in the future. Nothing on this website should be construed as advice and it is therefore not a recommendation to buy or sell securities. If in doubt about the suitability of this product, you should seek professional advice. Copies of the prospectus, key investor information document, annual and semi-annual reports & accounts are available free of charge on request or at www.lgimetf.com.

This website is only directed at investors resident in jurisdictions where our funds are registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

Source and third party data

Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data.

Index disclaimer

Neither Barclays Bank PLC nor any of its affiliates (collectively "Barclays") is the issuer or producer of L&G Multi-Strategy Enhanced Commodities UCITS ETF (the “Fund”) and Barclays has no responsibilities, obligations or duties to investors in the Fund. The Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index (the “Index”) is a trademark owned by Barclays Bank PLC and, together with any component indices and index data, is licensed for the benefit of Legal & General UCITS ETF PLC as the issuer or producer of the Fund (the “Issuer”).

Barclays’ only relationship with the Issuer in respect of the Index is the licensing of the Index, which is administered, compiled and published by the index sponsor (the “Index Sponsor”) without regard to the Issuer or the Fund or investors in the Fund. Additionally, Legal & General UCITS ETF PLC as issuer or producer of the Fund may for itself execute transaction(s) with Barclays in or relating to the Index in connection with the Fund. Investors acquire the Fund from Legal & General UCITS ETF PLC and investors neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in the Fund. The Fund is not sponsored, endorsed, sold or promoted by Barclays.

The Index Sponsor role is performed by Barclays Index Administration (“BINDA”). BINDA is a distinct function within Barclays Bank PLC. As the administration function providing Barclays' indices, BINDA operates independently from Barclays Bank PLC's sales, trading and structuring desks and investment managers. Notwithstanding the foregoing, potential conflicts of interest exist as a consequence of Barclays Bank PLC operating index administration alongside its other businesses.