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›ETF Providers›L&G›ENCD

ENCD

IE000IYBMW97

Passive ETF Commodity

ENCD ETF · L&G Multi-Strategy Enhanced Commodities UCITS ETF

The ENCD Exchange Traded Fund (ETF) is provided by L&G. It is built to track an index: Barclays Backwardation Tilt Multi-Strategy Capped Index. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.

Share class

Dist

USD

Last update Yesterday at 8:00 AM UTC

LIVE

CLOSED

This fund is part ofMulti Commodities1M perf.+8.96%

Last price

$11.82

1M perf.

+11.31%

1M flows

+€907K

AuM

€43M

E/R

0.3%

Rating

Not rated

ESG Consensus®

ENCD

$11.82

Performance & flows

December 9, 2025 → March 9, 2026

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ENCD

$11.87

+18.99%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	+11.31%	+18.99%	+23.72%	N/A	N/A	+8.72%	+19.10%	+19.10%
Flows

Key fund info

Main characteristics

Issuer

L&G

ISIN

IE000IYBMW97

AuM

€43M

E/R

0.3%

Replication rating

Not rated

ESG Consensus®

More details

NAV

3/9/2026

$11.87

1D NAV change

+1.48%

Dividend policy

Distributing

Replication method

Indirect

Replication model

Unfunded swap

No. of holdings

N/A

Inception date

3/28/2024

Jurisdiction

Ireland

Distribution

United Kingdom

Ireland

Legal structure

Open-end Investment Company

Base currency

USD

Dividend distribution

Trailing 12-month distr. yield

Distribution frequency

Last distribution

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Classification

Product type

Passive ETF

Benchmark

Barclays Backwardation Tilt Multi-Strategy Capped Index

Asset class

Commodity

Factors

N/A

Share class info

USD distributing

Total AuM of fund

€2.15B

Decimalisation of shares

Investment strategy

L&G Multi Strategy Enhanced Commodities UCITS ETF is an open end exchange traded fund incorporated in Ireland. The ETF aims to track the performance of the Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index.

Tax optimisation

PEA

France

UK Reporting Status

United Kingdom

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Risk profile

Historical risk/return profile

	3M	1Y	3Y	5Y
Returns	+18.99%	+23.72%	N/A	N/A
Volatility
Perf./Volatility
Max drawdown

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Synthetic Risk and Reward Indicator (SRRI)

UCITS

PRIIPS

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Exposure

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Sustainability

Integrates ESG criteria

SDG

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Replication

Trackinsight replication rating:

Not rated

Replication quality

Calculated over 12m, as of February 27, 2026

Tracking error

Tracking difference

Replication information

Index

Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index - USD

Index ticker

BCC3C3TT Index

Index dividend policy

GTR

Replication method

Replication model

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Enterprise

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Issuer

L&G

L&G ID Card

Number of funds

Total AuM

€20.96B

Expense ratio range

0.05% - 0.8%

Average expense ratio

0.3324%

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Frequently asked questions about ENCD

What does L&G Multi-Strategy Enhanced Commodities UCITS ETF, ENCD, invest in?

ENCD is a Passive ETF. This ETF provides exposure to multiple commodities.

Which benchmark or index does ENCD replicate?

ENCD tracks the Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index - USD, through a unfunded swap replication method.

What is the Total Expense ratio (TER) of ENCD?

ENCD carries a total expense ratio (TER) of 0.3%, indicating the annual cost for holding the fund.

When was ENCD launched?

ENCD was introduced to the market on March 28, 2024. It trades on United Kingdom, among other exchanges

Who is the ETF issuer of ENCD?

L&G Multi-Strategy Enhanced Commodities UCITS ETF, ENCD, is provided by L&G. Learn more about L&G here.

Does ENCD have multiple share classes?

Yes, ENCD is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .

What is the current assets under management (AUM) of ENCD?

ENCD oversees €43M in assets as of March 9, 2026.

How has ENCD performed lately?

Based on data from March 9, 2026, ENCD returned 11.31% over the past month, 18.99% over the last three months and 19.10% year-to-date.

What are the latest inflows or outflows for ENCD?

As of March 9, 2026, ENCD recorded net flows of +€895K over the last month and +€1.2M year-to-date.

Does ENCD distribute dividends?

ENCD follows a distributing dividend policy, meaning it pays out income to investors. As of March 9, 2026, its 12-month trailing yield was 4.38%.

What is the base currency of ENCD?

The base currency of ENCD is USD.

About Trackinsight

Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

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Don’t Miss a Move in the ETF Market

ENCD ETF · L&G Multi-Strategy Enhanced Commodities UCITS ETF

Performance & flows

Historic performance and flows

Monthly performance and flows

Trading and listing info

Key fund info

Enterprise

Risk profile

Historical risk/return profile

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Exposure

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Sustainability

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Replication

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Issuer

Frequently asked questions about ENCD

What does L&G Multi-Strategy Enhanced Commodities UCITS ETF, ENCD, invest in?

ENCD is a Passive ETF. This ETF provides exposure to multiple commodities.

Which benchmark or index does ENCD replicate?

ENCD tracks the Barclays Backwardation Tilt Multi-Strategy Capped Total Return Index - USD, through a unfunded swap replication method.

What is the Total Expense ratio (TER) of ENCD?

ENCD carries a total expense ratio (TER) of 0.3%, indicating the annual cost for holding the fund.

When was ENCD launched?

ENCD was introduced to the market on March 28, 2024. It trades on United Kingdom, among other exchanges

Who is the ETF issuer of ENCD?

L&G Multi-Strategy Enhanced Commodities UCITS ETF, ENCD, is provided by L&G. Learn more about L&G here.

Does ENCD have multiple share classes?

Yes, ENCD is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes here.

What is the current assets under management (AUM) of ENCD?

ENCD oversees €43M in assets as of March 9, 2026.

How has ENCD performed lately?

Based on data from March 9, 2026, ENCD returned 11.31% over the past month, 18.99% over the last three months and 19.10% year-to-date.

What are the latest inflows or outflows for ENCD?

As of March 9, 2026, ENCD recorded net flows of +€895K over the last month and +€1.2M year-to-date.

Does ENCD distribute dividends?

ENCD follows a distributing dividend policy, meaning it pays out income to investors. As of March 9, 2026, its 12-month trailing yield was 4.38%.

What is the base currency of ENCD?

The base currency of ENCD is USD.

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Yes, ENCD is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .