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›ETF Providers›L&G›ENCO

ENCO

IE00BFXR6159

Passive ETF Commodity

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

Name: L&G Multi-Strategy Enhanced Commodities UCITS ETF
Brand: L&G

The ENCO 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). The dividend policy is capitalization.

Share class

Acc

USD

Last update Yesterday at 8:00 AM UTC

LIVE

CLOSED

This fund is part ofMulti Commodities1M perf.+8.96%

Last price

$17.72

1M perf.

+11.31%

1M flows

+€3.6M

AuM

€992M

E/R

0.3%

Rating

ESG Consensus®

ENCO

$17.72

Performance & flows

December 9, 2025 → March 9, 2026

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ENCO

$17.79

+18.99%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	+11.31%	+18.99%	+23.72%	+33.30%	N/A	+8.72%	+19.10%	+19.10%
Flows

Key fund info

Main characteristics

Issuer

L&G

ISIN

IE00BFXR6159

AuM

€992M

E/R

0.3%

Replication rating

ESG Consensus®

More details

NAV

3/9/2026

$17.79

1D NAV change

+1.48%

Dividend policy

Capitalization

Replication method

Indirect

Replication model

Unfunded swap

No. of holdings

N/A

Inception date

7/8/2021

Jurisdiction

Ireland

Distribution

Germany

Netherlands

Luxembourg

Austria

Denmark

Legal structure

Open-end Investment Company

Base currency

USD

Classification

Product type

Passive ETF

Benchmark

Barclays Backwardation Tilt Multi-Strategy Capped Index

Asset class

Commodity

Factors

N/A

Share class info

USD capitalizing

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%	+33.30%	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:

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%

View all L&G funds

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ENCO	L&G Multi-Strategy Enhanced Commodities UCITS ETF	€992M

Frequently asked questions about ENCO

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

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

Which benchmark or index does ENCO replicate?

ENCO 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 ENCO?

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

When was ENCO launched?

ENCO was introduced to the market on July 8, 2021. It trades on Germany, among other exchanges

Who is the ETF issuer of ENCO?

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

Does ENCO have multiple share classes?

Yes, ENCO 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 ENCO?

ENCO oversees €992M in assets as of March 9, 2026.

How has ENCO performed lately?

Based on data from March 9, 2026, ENCO 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 ENCO?

As of March 9, 2026, ENCO recorded net flows of +€3.9M over the last month and +€6.2M year-to-date.

Does ENCO distribute dividends?

ENCO follows a capitalizing, meaning it reinvests income within the fund.

What is the base currency of ENCO?

The base currency of ENCO is USD.

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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.

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ENCO 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 ENCO

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

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

Which benchmark or index does ENCO replicate?

ENCO 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 ENCO?

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

When was ENCO launched?

ENCO was introduced to the market on July 8, 2021. It trades on Germany, among other exchanges

Who is the ETF issuer of ENCO?

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

Does ENCO have multiple share classes?

Yes, ENCO 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 ENCO?

ENCO oversees €992M in assets as of March 9, 2026.

How has ENCO performed lately?

Based on data from March 9, 2026, ENCO 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 ENCO?

As of March 9, 2026, ENCO recorded net flows of +€3.9M over the last month and +€6.2M year-to-date.

Does ENCO distribute dividends?

ENCO follows a capitalizing, meaning it reinvests income within the fund.

What is the base currency of ENCO?

The base currency of ENCO is USD.

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Yes, ENCO 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 .