L&G Longer Dated All Commodities ex-Agriculture and Livestock UCITS ETF
ISIN IE00BYQJ1388 Rating ★★☆☆☆
Replication
synthetic
Earnings
accumulating
Asset class
Commodities
TER
0.30 %
TD
0.42 %
Currency
USD
Fund size
10 Mio EUR
Perf. 2021
34.10 %
"L&G Longer Dated All Commodities ex-Agriculture and Livestock UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the Bloomberg ex Agriculture and Livestock 15/30 Capped 3 Month Forward Index. This index reflects the development of commodity futures . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings are automatically reinvested (accumulated). The fund company L&G ETF claims a total expense ratio (TER) of 0.30% per year. The yearly average divergence from the index performance (Tracking Difference) since 2018 was 0.42% per year. Therefore, the ETF was more expensive than the TER suggests.