ETFs

ETF (UCITS compliant)

L&G All Commodities UCITS ETF

USD Accumulating ETF Class

ISINIE00BF0BCP69

Price

TER0.15%

Fund aim

The L&G All Commodities UCITS ETF (the "ETF") aims to track the performance of the Bloomberg Commodity Index Total Return (the "Index").

Fund snapshot

  • Broad commodities exposure
    Basket of short-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$61.5m
Base currencyUSD
Fund launch date11 May 2017
DomicileIreland
Share class launch11 Jul 2017
Replication methodSynthetic - unfunded swap backed by collateral
ISA eligibleYes
SIPP eligibleYes
UK Fund Reporting statusYes
As at 1 Mar 2024

Benchmark

Bloomberg Commodity Index

Index description

Bloomberg Commodity Index Total Return USD

The Index provides broad-based exposure to commodities as an asset class. The Index provides broad-based exposure to commodities via a diversified basket of short-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 safe keeping) the cash that they will need to settle the contract at the future delivery date.

Index data

ProviderBloomberg
Bloomberg codeBCOMTR
Reuters code.BCOMTR
TypeTotal Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 11 July 2017. 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:11 Jul 2017
Benchmark:Bloomberg Commodity Index Total Return USD
Share class launch date:11 Jul 2017
Benchmark:Bloomberg Commodity Index Total Return USD
    Share class launch date:11 Jul 2017
    Benchmark:Bloomberg Commodity Index Total Return USD

    Portfolio breakdown

    Top 10 constituents64.9%
    Rest of Index35.1%
    No. of constituents in Index24

    Top 10 constituents (%)

    Gold14.4
    Brent Crude7.8
    WTI Crude Oil7.5
    Natural Gas6.4
    Soybeans5.7
    Corn5.5
    Copper (COMEX)5.4
    Silver4.4
    Aluminum4.1
    Live Cattle3.7

    Sector (%)

    Agriculture
    30.5
    Energy
    29.4
    Precious Metals
    18.9
    Industrial Metals
    15.4
    Livestock
    5.8

    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

    Prices

    Pricing information

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

    Listings and codes

    Listings

    ExchangeCurrencyTickerISINBloombergReutersListing dateTrading hours (local)
    London Stock Exchange
    GBPBCOGIE00BF0BCP69BCOG LNBCOG.L11/07/201708:00 - 16:30
    London Stock Exchange
    USDBCOMIE00BF0BCP69BCOM LNBCOM.L11/07/201708:00 - 16:30
    Deutsche Börse Xetra
    EURETLFIE00BF0BCP69ETLF GYETLF.DE04/08/201709:00 - 17:30

    Codes

    ISINIE00BF0BCP69
    SEDOLBF0BCP6
    BloombergBCOM
    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
    Spain
    Sweden
    United Kingdom