Long/Short, Relative Value & Event Driven
L&G Market Neutral Commodities UCITS ETF
LGIM Managers
ISIN IE000IIHLZL0
- AUM
- £27.6mAs of 16 Sept 2026
- OCF / TER
- 0.39%
- Inception Date
- 21 Nov 2025
- Domicile
- Ireland
- Base Currency
- USD
- Instrument Type
- ETF
Fund Overview
Investment Objective
The investment objective of the Fund is to provide a long/short exposure to a broad base of futures contracts on physical commodities.
AltETF Comments
Index-tracking synthetic commodity relative-value strategy. Through an unfunded total-return swap backed by collateral, it targets 1.75x the excess return of a backwardation-tilt commodity basket over the Bloomberg Commodity ex-Precious Metals benchmark. Returns are driven mainly by relative futures-curve positioning across energy, industrial metals, agriculture and livestock; net commodity beta is intended to be limited, while residual sector, collateral and swap-counterparty exposures remain material.
Fees & Share Class
| Ongoing Charges | 0.39% |
|---|---|
| Share Class Currency | USD |
| Income Treatment | Accumulating |
| Currency Hedging | Unhedged |
| Other Available Share Classes | — |
| Registrations for Public Distribution | AT, CH, DE, DK, ES, FI, FR, GB, IE, IT, LU, NL, NO, SE |
| UK Reporting Fund Status | Yes |
Management & Structure
| Legal Issuer | Legal & General UCITS ETF Plc |
|---|---|
| Asset Manager | LGIM Managers |
| Investment Manager | Legal & General Investment Management |
| Fund Manager or Team | ETF portfolio management team (individuals not disclosed) |
| Administrator | BNY Mellon |
| Custodian or Depositary | BNY Mellon |
| Domicile | Ireland |
| Legal Structure | Irish PLC |
| Instrument Type | ETF |
| Management Approach | Index-tracking |
| Implementation Method | Synthetic - unfunded swap backed by collateral |
| Underlying Index | Barclays Backwardation Tilt Alpha Capped ex-Precious Metals 1.75x TR Index |
| SFDR Classification | Article 6 |
Performance & Statistics
- MTD
- -1.5% as of 16 Sept 2026
- YTD
- -8.1% as of 16 Sept 2026
- 1Y
- —
- 3Y Annualised
- —
- 5Y Annualised
- —
Monthly Returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year Return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.8% | 4.8% | -8.6% | 2.6% | 2.8% | 0.9% | -2.9% | 0.0% | — | — | — | — | -6.7% |
| 2025 | — | — | — | — | — | — | — | — | — | — | — | 3.5% | 3.5% |
As of 31 Aug 2026