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TER
0.30% p.a.
Distribution policy
Accumulating
Replication
Synthetic
Fund size
EUR 834 m
Inception Date
5 July 2021
Overview
Description
The L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating seeks to track the Barclays Backwardation Tilt Multi-Strategy Capped index. The Barclays Backwardation Tilt Multi-Strategy Capped index tracks a broad and diversified commodity exposure, covering the following sectors: energy, agriculture, industrial metals, precious metals and livestock.
Chart
Basics
Data
| Index | Barclays Backwardation Tilt Multi-Strategy Capped |
| Investment focus | Commodities, Broad market |
| Fund size | EUR 834 m |
| Total expense ratio | 0.30% p.a. |
| Replication | Synthetic (Unfunded swap) |
| Legal structure | ETF |
| Strategy risk | Long-only |
| Sustainability | No |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in EUR) | 15.19% |
| Inception/ Listing Date | 5 July 2021 |
| Distribution policy | Accumulating |
| Distribution frequency | - |
| Fund domicile | Ireland |
| Fund Provider | Legal & General (LGIM) |
| Fund Structure | Public Limited Company |
| UCITS compliance | Yes |
| Administrator | BNY Mellon Fund Services (Ireland) Designated Activity Company |
| Investment Advisor | Legal & General Investment Management Limited |
| Custodian Bank | BNY Mellon Trust Company (Ireland) Limited |
| Revision Company | Ernst & Young |
| Fiscal Year End | 30 June |
| Swiss representative | State Street Bank International GmbH, Munich, Zurich Branch |
| Swiss paying agent | Skandinaviska Enskilda Banken AB (publ) |
| Germany | No tax rebate |
| Switzerland | ESTV Reporting |
| Austria | Tax Reporting Fund |
| UK | UK Reporting |
| Indextype | Total return index |
| Swap counterparty | - |
| Collateral manager | BNY Mellon Fund Services (Ireland) Limited |
| Securities lending | No |
| Securities lending counterparty |
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Performance
Returns overview
| YTD | -3.29% |
| 1 month | -0.69% |
| 3 months | +2.37% |
| 6 months | +4.69% |
| 1 year | -1.30% |
| 3 years | -1.15% |
| 5 years | - |
| Since inception (MAX) | +57.04% |
| 2024 | +11.50% |
| 2023 | -7.05% |
| 2022 | +32.14% |
| 2021 | - |
Monthly returns in a heat map
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 15.19% |
| Volatility 3 years | 14.22% |
| Volatility 5 years | - |
| Return per risk 1 year | -0.09 |
| Return per risk 3 years | -0.03 |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | -16.62% |
| Maximum drawdown 3 years | -16.62% |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | -25.27% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| gettex | EUR | EN4C | - - | - - | - |
| London Stock Exchange | GBP | ENCG | - - | - - | - |
| Bolsa Mexicana de Valores | MXN | - | ENCO MM NA | ENCON.MX NA | Flow Traders B.V. |
| Borsa Italiana | EUR | ENCO | ENCO IM EN4CEUIV | ENCO.MI EN4CEURINAV=SOLA | Flow Traders B.V. |
| London Stock Exchange | GBX | ENCG | ENCG LN NA | ENCG.L NA | Flow Traders B.V. |
| London Stock Exchange | USD | ENCO | ENCO LN NA | ENCO.L NA | Flow Traders B.V. |
| SIX Swiss Exchange | CHF | ENCO | ENCO SW EN4CEUIV | ENCO.S | Flow Traders B.V. |
| XETRA | EUR | EN4C | EN4C GY EN4CEUIV | EN4C.DE | Flow Traders B.V. |
Further information
Further ETFs on the Barclays Backwardation Tilt Multi-Strategy Capped index
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Distributing | 35 | 0.30% p.a. | Distributing | Swap-based |
Latest articles
Frequently asked questions
What is the name of ENCO?
The name of ENCO is L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating.
What is the ticker of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating?
The primary ticker of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating is ENCO.
What is the ISIN of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating?
The ISIN of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating is IE00BFXR6159.
What are the costs of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating?
The total expense ratio (TER) of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating amounts to 0.30% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
What's the fund size of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating?
The fund size of L&G Multi-Strategy Enhanced Commodities UCITS ETF USD Accumulating is 834m Euro. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.