L&G Multi-Strategy Enhanced Commodities UCITS ETF
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.
An ETF which takes advantage of the growth tailwinds, diversification benefits and inflation hedging properties associated with the commodity futures market.
ISINIE00BFXR6159
Price
TER0.30%
ISINIE00BFXR6159
Price
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 | $1783.0m |
Base currency | USD |
Fund launch date | 5 Jul 2021 |
Domicile | Ireland |
Share class launch | 5 Jul 2021 |
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
Provider | Barclays |
Bloomberg code | BCC3C3TT |
Reuters code | .BCC3C3TT |
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 | 3,610USD | 2,640USD |
Average return each year (%) | -63.86 | -23.39 | |
Unfavourable scenario | What you might get back after costs | 7,400USD | 7,210USD |
Average return each year (%) | -25.96 | -6.33 | |
Moderate scenario | What you might get back after costs | 10,140USD | 14,280USD |
Average return each year (%) | 1.40 | 7.39 | |
Favourable scenario | What you might get back after costs | 16,450USD | 22,940USD |
Average return each year (%) | 64.52 | 18.06 |
There is no minimum guaranteed return. You could lose some or all of your investment.
Portfolio breakdown
As at 29 Feb 2024
Top 10 constituents | 71.0% |
---|---|
Rest of Index | 29.0% |
No. of constituents in Index | 24 |
---|
Top 10 constituents (%)
Brent Crude | 11.4 |
Crude Oil | 11.1 |
Soybean | 10.2 |
Gold 100 troy ounces | 8.3 |
Soybean Meal | 6.1 |
Coffee | 6.0 |
Sugar No. 11 | 5.9 |
Gas Oil | 4.3 |
Cotton No. 2 | 3.9 |
RBOB Gasoline | 3.8 |
Sector (%)
Agriculture | 39.4 |
Energy | 37.5 |
Precious Metals | 10.8 |
Industrial Metals | 8.9 |
Livestock | 3.4 |
Top 10 constituents | 71.0% |
---|---|
Rest of Index | 29.0% |
No. of constituents in Index | 24 |
---|
Top 10 constituents (%)
Brent Crude | 11.4 |
Crude Oil | 11.1 |
Soybean | 10.2 |
Gold 100 troy ounces | 8.3 |
Soybean Meal | 6.1 |
Coffee | 6.0 |
Sugar No. 11 | 5.9 |
Gas Oil | 4.3 |
Cotton No. 2 | 3.9 |
RBOB Gasoline | 3.8 |
Sector (%)
Agriculture | 39.4 |
Energy | 37.5 |
Precious Metals | 10.8 |
Industrial Metals | 8.9 |
Livestock | 3.4 |
Commodity (%)
Brent Crude | 11.4 |
Crude Oil | 11.1 |
Soybeans | 10.2 |
Gold | 8.3 |
Soybean Meal | 6.1 |
Coffee | 6.0 |
Sugar No. 11 | 5.9 |
Gas Oil | 4.3 |
Cotton No. 2 | 3.9 |
Other | 32.8 |
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 | Reuters | Listing date | Trading hours (local) |
---|---|---|---|---|---|---|---|
London Stock Exchange | GBP | ENCG | IE00BFXR6159 | ENCG LN | ENCG.L | 08/07/2021 | 08:00 - 16:30 |
London Stock Exchange | USD | ENCO | IE00BFXR6159 | ENCO LN | ENCO.L | 08/07/2021 | 08:00 - 16:30 |
Borsa Italiana | EUR | ENCO | IE00BFXR6159 | ENCO IM | ENCO.MI | 23/09/2021 | 09:00 - 17:30 |
Deutsche Börse Xetra | EUR | EN4C | IE00BFXR6159 | EN4C GY | EN4C.DE | 23/09/2021 | 09:00 - 17:30 |
SIX Swiss Exchange | CHF | ENCO | IE00BFXR6159 | ENCO SW | ENCO.S | 17/11/2021 | 09:00 - 17:30 |
Codes
ISIN | IE00BFXR6159 |
SEDOL | - |
Bloomberg | ENCO |
MEX | - |
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.