L&G Longer Dated All Commodities UCITS ETF
ETF (UCITS compliant)
L&G Longer Dated All Commodities UCITS ETF
USD Accumulating ETF Class
ISINIE00B4WPHX27
Price
TER0.30%
ISINIE00B4WPHX27
Price
TER0.30%
Fund aim
The L&G Longer Dated All Commodities UCITS ETF (the "ETF") aims to track the performance of the Bloomberg Commodity Index 3 Month Forward Total Return Index (the "Index").
Fund snapshot
- Broad commodities exposure
Basket of longer-dated commodity futures
- 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 | $418.2m |
Base currency | USD |
Fund launch date | 28 Jan 2010 |
Domicile | Ireland |
Share class launch | 18 Mar 2010 |
Replication method | Synthetic - unfunded swap backed by collateral |
Benchmark
Bloomberg Commodity Index 3 Month Forward Index
Index description
Bloomberg Commodity Index 3 Month Forward TR USD
The Index provides broadbased exposure to commodities via a diversified basket of longer-dated commodity futures.
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) Precious Metals; (3) Industrial Metals; (4) Livestock; (5) Grains; and (6) Softs. Within the Index, the commodities are weighted according to their relative “liquidity” (a measure of how actively a commodity has historically traded) and "economic significance" (determined by reference to historical production levels). 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 safekeeping) the cash that they will need to settle the contract at the future delivery date. The Index is a “longer dated” index which means that it refers to versions of the relevant commodity futures that have expiry dates further into the future than the versions of the commodity futures comprised in the Bloomberg Commodity Index.
Index data
Provider | Bloomberg |
Bloomberg code | BCOMF3T |
Reuters code | .BCOMF3T |
Type | Total Return |
Website | Go to website |
Performance
Performance scenarios
Example investment:10,000 USD
Scenarios | 1 year | (Recommended holding period) 5 years | |
---|---|---|---|
Minimum | There is no minimum guaranteed return. You could lose some or all of your investment. | ||
Stress scenario | What you might get back after costs | 4,440USD | 3,400USD |
Average return each year (%) | -55.64 | -19.39 | |
Unfavourable scenario | What you might get back after costs | 7,230USD | 6,560USD |
Average return each year (%) | -27.72 | -8.10 | |
Moderate scenario | What you might get back after costs | 9,960USD | 13,060USD |
Average return each year (%) | -0.40 | 5.48 | |
Favourable scenario | What you might get back after costs | 15,410USD | 18,960USD |
Average return each year (%) | 54.10 | 13.65 |
There is no minimum guaranteed return. You could lose some or all of your investment.
Portfolio breakdown
As at 31 Jan 2024
Top 10 constituents | 65.6% |
---|---|
Rest of Index | 34.5% |
No. of constituents in Index | 24 |
---|
Top 10 constituents (%)
Gold | 14.3 |
Natural Gas | 7.6 |
Brent Crude | 7.6 |
WTI Crude Oil | 7.3 |
Soybeans | 5.7 |
Corn | 5.6 |
Copper | 5.4 |
Silver | 4.4 |
Aluminum | 4.1 |
Live Cattle | 3.6 |
Sector (%)
Agriculture | 30.1 |
Energy | 29.8 |
Precious Metals | 18.7 |
Industrial Metals | 15.4 |
Livestock | 6.0 |
Top 10 constituents | 65.6% |
---|---|
Rest of Index | 34.5% |
No. of constituents in Index | 24 |
---|
Top 10 constituents (%)
Gold | 14.3 |
Natural Gas | 7.6 |
Brent Crude | 7.6 |
WTI Crude Oil | 7.3 |
Soybeans | 5.7 |
Corn | 5.6 |
Copper | 5.4 |
Silver | 4.4 |
Aluminum | 4.1 |
Live Cattle | 3.6 |
Sector (%)
Agriculture | 30.1 |
Energy | 29.8 |
Precious Metals | 18.7 |
Industrial Metals | 15.4 |
Livestock | 6.0 |
Commodity (%)
Gold | 14.3 |
Natural Gas | 7.6 |
Brent Crude | 7.6 |
WTI Crude Oil | 7.3 |
Soybeans | 5.7 |
Corn | 5.6 |
Copper | 5.4 |
Silver | 4.4 |
Aluminum | 4.1 |
Other | 38.0 |
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 |
Download full price history
Listings and codes
Listings
Exchange | Currency | Ticker | ISIN | Bloomberg | Reuters | Listing date | Trading hours (local) |
---|---|---|---|---|---|---|---|
SIX Swiss Exchange | CHF | COMF | IE00B4WPHX27 | COMF SW | ECCOMF.S | 11/09/2012 | 09:00 - 17:30 |
London Stock Exchange | GBP | CMFP | IE00B4WPHX27 | CMFP LN | CMFPP.L | 18/03/2010 | 08:00 - 16:30 |
London Stock Exchange | USD | COMF | IE00B4WPHX27 | COMF LN | COMF.L | 18/03/2010 | 08:00 - 16:30 |
Borsa Italiana | EUR | COMF | IE00B4WPHX27 | COMF IM | COMF.MI | 17/01/2013 | 09:00 - 17:30 |
Deutsche Börse Xetra | EUR | ETL2 | IE00B4WPHX27 | ETL2 GY | ETL2.DE | 06/05/2010 | 09:00 - 17:30 |
Euronext Amsterdam | EUR | COMF | IE00B4WPHX27 | COMF NA | COMF.AS | 04/09/2014 | 09:00 - 17:30 |
Codes
ISIN | IE00B4WPHX27 |
SEDOL | B4WPHX2 |
Bloomberg | COMF |
MEX | - |
Benchmark Bloomberg | BCOMF3T |
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:
*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.