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ETF Leverage strategy
TER
0.42% p.a.
Distribution policy
Accumulating
Replication
Synthetic
Fund size
GBP - m
Inception Date
1 September 2026
Overview
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Description
The L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc seeks to track the Barclays Backwardation Tilt Alpha Capped ex-Precious Metals 1.75x (EUR Hedged) index. The Barclays Backwardation Tilt Alpha Capped ex-Precious Metals 1.75x index tracks the 1.75 times leveraged performance of commodities from the following sectors: energy, industrial metals, agriculture and livestock. Precious metals are excluded. Currency hedged to Euro (EUR).
Chart
Basics
Data
| Index | Barclays Backwardation Tilt Alpha Capped ex-Precious Metals 1.75x (EUR Hedged) |
| Investment focus | Commodities, Broad market |
| Fund size | GBP - m |
| Total expense ratio | 0.42% p.a. |
| Replication | Synthetic (Unfunded swap) |
| Legal structure | ETF |
| Investment approach | Leverage |
| Sustainability | No |
| Fund currency | EUR |
| Currency risk | Currency hedged |
| Volatility 1 year (in GBP) | - |
| Inception/ Listing Date | 1 September 2026 |
| 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 | The Bank of New York Mellon SA/NV, Dublin Branch |
| Revision Company | Ernst & Young |
| Fiscal Year End | 30 June |
| Swiss representative | First Independent Fund Services LTD |
| Swiss paying agent | NPB Neue Privat Bank AG |
| Germany | Unknown |
| Switzerland | ESTV Reporting |
| Austria | Non-Tax Reporting Fund |
| UK | UK Reporting |
| Italy | - |
| Indextype | - |
| Swap counterparty | - |
| Collateral manager | BNY Mellon Fund Services (Ireland) Limited |
| Securities lending | No |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc.
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Performance
Returns overview
| YTD | - |
| 1 month | - |
| 3 months | - |
| 6 months | - |
| 1 year | - |
| 3 years | - |
| 5 years | - |
| Since inception (MAX) | - |
| 2025 | - |
| 2024 | - |
| 2023 | - |
| 2022 | - |
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 | - |
| Volatility 3 years | - |
| Volatility 5 years | - |
| Return per risk 1 year | - |
| Return per risk 3 years | - |
| Return per risk 5 years | - |
| Maximum drawdown 1 year | - |
| Maximum drawdown 3 years | - |
| Maximum drawdown 5 years | - |
| Maximum drawdown since inception | - |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| XETRA | EUR | CMEA | - - | - - | - |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| UBS CMCI Commodity Carry SF UCITS ETF USD acc | 115 | 0.34% p.a. | Accumulating | Swap-based |
| L&G Market Neutral Commodities UCITS ETF USD Acc | 32 | 0.39% p.a. | Accumulating | Swap-based |
Latest articles
Frequently asked questions
What is the name of CMEA?
The name of CMEA is L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc.
What is the ticker of L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc?
The primary ticker of L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc is CMEA.
What is the ISIN of L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc?
The ISIN of L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc is IE0004QLGLF6.
What are the costs of L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc?
The total expense ratio (TER) of L&G Market Neutral Commodities UCITS ETF EUR Hedged Acc amounts to 0.42% 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.
— 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.