Alternative Assets & Specialist Exposures
iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF
BlackRock Asset Management
ISIN IE00BZ1NCS44
- AUM
- £1.4bnAs of 16 Sept 2026
- OCF / TER
- 0.28%
- Inception Date
- 28 Sept 2018
- Domicile
- Ireland
- Base Currency
- USD
- Instrument Type
- ETF
Fund Overview
Investment Objective
The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Bloomberg Enhanced Roll Yield Total Return Index, the Fund’s benchmark index (Index).
AltETF Comments
Passive synthetic commodity strategy providing diversified exposure across energy, precious metals, industrial metals, agriculture and livestock. The fund tracks an enhanced-roll index designed to reduce the drag from negative roll yield by spreading exposure across multiple futures contracts for each commodity and systematically adjusting positions along the curve. Exposure is obtained primarily through unfunded total return swaps, with cash invested in short-dated instruments and money-market assets. Returns are driven by commodity price movements, futures-curve positioning, roll yield and collateral return.
Fees & Share Class
| Ongoing Charges | 0.28% |
|---|---|
| Share Class Currency | USD |
| Income Treatment | Accumulating |
| Currency Hedging | Unhedged |
| Other Available Share Classes | — |
| Registrations for Public Distribution | AT, CZ, DE, DK, ES, FI, FR, GB, HU, IE, IT, LI, LU, NL, NO, PL, PT, SA, SE, SK |
| UK Reporting Fund Status | Yes |
Management & Structure
| Legal Issuer | iShares VI plc |
|---|---|
| Asset Manager | BlackRock Asset Management |
| Investment Manager | BlackRock Advisors (UK) |
| Administrator | State Street Fund Services |
| Custodian or Depositary | State Street Custodial Services |
| Domicile | Ireland |
| Legal Structure | Open-ended investment company with variable capital - UCITS ETF |
| Instrument Type | ETF |
| Management Approach | Index-tracking |
| Implementation Method | Synthetic replication via unfunded total return swaps referencing the benchmark, with the fund also permitted to hold U.S. Treasury bills, money market instruments, deposits, certificates of deposit, commercial paper and other short-dated collateral assets. |
| Underlying Index | Bloomberg Enhanced Roll Yield Total Return Index |
| SFDR Classification | Article 6 |
Performance & Statistics
- MTD
- 3.5% as of 16 Sept 2026
- YTD
- 37.3% as of 16 Sept 2026
- 1Y
- 42.5%
- 3Y Annualised
- 13.7%
- 5Y Annualised
- 14.3%
Monthly Returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year Return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.2% | 6.9% | 10.4% | 3.0% | -1.6% | -7.0% | 6.3% | 5.6% | — | — | — | — | 32.6% |
| 2025 | 4.5% | -1.9% | 1.3% | -8.5% | -0.7% | 1.7% | 4.7% | 0.0% | 2.3% | 4.6% | 1.0% | -0.5% | 8.1% |
| 2024 | 1.4% | -0.2% | 4.3% | 3.3% | -1.0% | -0.4% | -4.8% | -2.7% | 1.0% | 3.4% | 0.6% | 2.3% | 7.2% |
| 2023 | -0.7% | -2.9% | -1.6% | -2.4% | -4.2% | 0.9% | 5.7% | 1.0% | 3.4% | 0.0% | -5.0% | -2.7% | -8.6% |
| 2022 | 9.1% | 6.5% | 9.8% | 7.9% | 1.0% | -5.1% | 0.5% | 2.8% | -2.7% | -0.1% | 0.2% | -0.4% | 32.1% |
| 2021 | 1.6% | 4.5% | -0.5% | 7.7% | 0.8% | 4.7% | 1.3% | 0.8% | 6.7% | 0.7% | -3.5% | 1.2% | 28.6% |
| 2020 | -6.4% | -1.6% | -6.4% | -1.3% | 4.7% | 2.6% | -0.5% | 3.7% | 1.0% | 0.3% | 0.4% | 2.4% | -1.8% |
| 2019 | 1.7% | -0.0% | 1.6% | -0.8% | -0.0% | 1.4% | 3.2% | -2.1% | -0.2% | -2.9% | -2.4% | 2.6% | 1.7% |
| 2018 | — | — | — | — | — | — | — | — | — | -0.6% | -1.7% | -5.4% | -7.6% |
As of 31 Aug 2026