ETFs

ETF (UCITS compliant)

L&G Longer Dated All Commodities UCITS ETF

USD Accumulating ETF Class

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$417.8m
Base currencyUSD
Fund launch date28 Jan 2010
DomicileIreland
Share class launch18 Mar 2010
Replication methodSynthetic - unfunded swap backed by collateral
ISA eligibleYes
SIPP eligibleYes
UK Fund Reporting statusYes
As at 12 Feb 2024

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

ProviderBloomberg
Bloomberg codeBCOMF3T
Reuters code.BCOMF3T
TypeTotal Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 18 March 2010. 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:18 Mar 2010
Benchmark:Bloomberg Commodity Index 3 Month Forward TR USD
Share class launch date:18 Mar 2010
Benchmark:Bloomberg Commodity Index 3 Month Forward TR USD
    Share class launch date:18 Mar 2010
    Benchmark:Bloomberg Commodity Index 3 Month Forward TR USD

    Portfolio breakdown

    Top 10 constituents67.9%
    Rest of Index32.1%
    No. of constituents in Index24

    Top 10 constituents (%)

    Gold17.9
    WTI Crude Oil8.1
    Brent Crude7.5
    Natural Gas5.9
    Copper (COMEX)5.6
    Soybeans5.4
    Silver5.0
    Aluminum4.6
    Corn4.3
    Live Cattle3.8

    Sector (%)

    Energy
    28.2
    Agriculture
    27.5
    Precious Metals
    22.8
    Industrial Metals
    15.6
    Livestock
    5.9

    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

    Prices

    Pricing information

    Price time16:00 EST (NY)
    CurrencyUSD
    Monthly price history

    Download full price history

    Please note that a maximum of 10 years price history is available.

    Listings and codes

    Listings

    ExchangeCurrencyTickerISINBloombergReutersListing dateTrading hours (local)
    London Stock Exchange
    GBPCMFPIE00B4WPHX27CMFP LNCMFPP.L18/03/201008:00 - 16:30
    London Stock Exchange
    USDCOMFIE00B4WPHX27COMF LNCOMF.L18/03/201008:00 - 16:30
    Borsa Italiana
    EURCOMFIE00B4WPHX27COMF IMCOMF.MI17/01/201309:00 - 17:30
    Deutsche Börse Xetra
    EURETL2IE00B4WPHX27ETL2 GYETL2.DE06/05/201009:00 - 17:30
    Euronext Amsterdam
    EURCOMFIE00B4WPHX27COMF NACOMF.AS04/09/201409:00 - 17:30
    SIX Swiss Exchange
    CHFCOMFIE00B4WPHX27COMF SWECCOMF.S11/09/201209:00 - 17:30

    Codes

    ISINIE00B4WPHX27
    SEDOLB4WPHX2
    BloombergCOMF
    MEX-

    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
    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.