Commodity

ICOM

iShares Diversified Commodity Swap UCITS ETF

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Weighted Average Swap Fee: 8.78 bps*

*As at 30 September 2022. At any point in time the Fund expects to hold multiple total return swaps sourced from various providers each of which may carry a different swap fee. The Weighted Average Swap Fee represents the average swap fee in bps weighted by the notional amount of each swap as at the date indicated. The Weighted Average Swap Fee represents the average swap fee in bps weighted by the notional amount of each swap as at the date indicated, and therefore may fluctuate over time.



Past performance is not a guide to future performance and should not be the sole factor of consideration when selecting a product. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. Individual shareholders may realise returns that are different to the NAV performance.

Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs.
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Performance

Performance

Growth of Hypothetical 10,000

Performance chart data not available for display.
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  2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Total Return (%) -11.63 7.61 -3.11 26.76
Benchmark (%) -11.25 7.69 -3.12 27.11
  From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Total Return (%)

as of Sep 30, 2022

2.10 -6.72 -8.13 41.93 10.98
Benchmark (%)

as of Sep 30, 2022

2.59 -6.57 -8.20 42.29 11.80
  1Y 3Y 5Y 10y Incept.
22.13 15.03 7.25 - 7.39
Benchmark (%) 23.20 15.46 7.60 - 7.75
  YTD 1m 3M 6M 1Y 3Y 5Y 10y Incept.
18.01 2.70 -4.00 -10.88 22.13 52.21 41.87 - 46.61
Benchmark (%) 19.01 2.74 -3.71 -10.35 23.20 53.93 44.25 - 49.30
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets as of Dec 2, 2022 USD 1,604,455,066
Net Assets of Fund as of Dec 2, 2022 USD 1,604,455,066
Inception Date Jul 18, 2017
Fund Inception Date Jul 18, 2017
Share Class Currency USD
Base Currency USD
Asset Class Commodity
Benchmark Index Bloomberg Commodity(SM) (Total Return Index)
SFDR Classification Other
Shares Outstanding as of Dec 2, 2022 221,863,661
Total Expense Ratio 0.19%
Use of Income No Income
Securities Lending Return as of Sep 30, 2022 0.01%
Domicile Ireland
Product Structure Synthetic
Rebalance Freq Annual
Methodology Swap
UCITS Compliant Yes
Issuing Company iShares VI plc
Fund Manager BlackRock Asset Management Ireland Limited
Administrator State Street Fund Services (Ireland) Limited
Custodian State Street Custodial Services (Ireland) Limited
Fiscal Year End Mar 31, 2022
Bloomberg Ticker ICOM
ISIN IE00BDFL4P12

Portfolio Characteristics

Portfolio Characteristics

Benchmark Level as of Dec 2, 2022 USD 248.68
Benchmark Ticker BCOMTR
Standard Deviation (3y) as of Nov 30, 2022 18.60%
3y Beta as of Nov 30, 2022 0.998

Ratings

Holdings

Holdings

Issuer Ticker Name Sector Asset Class Market Value Weight (%) Notional Value Shares ISIN Price Location Exchange Duration YTM (%) Maturity Mod. Duration Yield to Call (%) Yield to Worst (%) Real Duration Real YTM (%) Market Currency Effective Date
Holdings are subject to change

Securities Lending

Securities Lending

Securities lending is an established and well regulated activity in the investment management industry. It involves the transfer of securities (such as shares or bonds) from a Lender (in this case, the iShares fund) to a third-party (the Borrower). The Borrower will give the Lender collateral (the Borrower’s pledge) in the form of shares, bonds or cash, and will also pay the Lender a fee. This fee provides additional income for the fund and thus can help to reduce the total cost of ownership of an ETF.

 

At BlackRock, securities lending is a core investment management function with dedicated trading, research and technology capabilities. The lending programme is designed to deliver superior absolute returns to clients, whilst maintaining a low risk profile. Funds participating in securities lending retain 62.5% of the income, while BlackRock receives 37.5% of the income and covers all the operational costs resulting from securities lending transactions.

  Sep 30, 2012Sep 30, 2013 Sep 30, 2013Sep 30, 2014 Sep 30, 2014Sep 30, 2015 Sep 30, 2015Sep 30, 2016 Sep 30, 2016Sep 30, 2017 From
30-Sep-2017
To
30-Sep-2018
From
30-Sep-2018
To
30-Sep-2019
From
30-Sep-2019
To
30-Sep-2020
From
30-Sep-2020
To
30-Sep-2021
From
30-Sep-2021
To
30-Sep-2022
Securities Lending Return (%) 0.04 0.03 0.01 0.01 0.01
Average on-loan (% of AUM) 33.07 28.39 9.35 10.62 16.70
Maximum on-loan (% of AUM) 46.74 37.42 30.67 21.75 31.80
Collateralisation (% of Loan) 111.63 110.19 108.08 110.51 109.58
The above table summarises the lending data available for the fund.

The information in the Lending Summary table will not be displayed for the funds that have participated in securities lending for less than 12 months. The figures shown relate to past performance. Past performance is not a reliable indication of current or future results.
BlackRock’s policy is to disclose performance information quarterly subject to a one-month delay. This means that returns from 01/01/2019 to 31/12/2019 can be publicly disclosed from 01/02/2020.

Maximum on-loan figure may increase or decrease over time.

With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.
as of Dec 1, 2022
Ticker Name Asset Class Weight % ISIN SEDOL Exchange Country
Collateral Holdings shown on this page are provided on days where the fund participating in securities lending had an open loan.

The information in the Collateral Holdings table relates to securities obtained in the collateral basket under the securities lending programme for the fund in question. The information contained in this material is derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, is not necessarily all inclusive and is not guaranteed as to accuracy. Reliance upon information in this material is at the sole discretion of the reader. The primary risk in securities lending is that a borrower will default on their commitment to return lent securities while the value of the liquidated collateral does not exceed the cost of repurchasing the securities and the fund suffers a loss in respect of the short-fall.

The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds.

Collateral Types
Loan Type Equities Government, Supranational and Agency Bonds Cash (Not for Reinvestment)
Equities 105%-112% 105%-106% 105%-108%
Government Bonds 110%-112% 102.5%-106% 102.5%-105%
Corporate Bonds 110%-112% 104%-106% 103.5%-105%

We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.

Collateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. In this context, “Over Collateralisation” means that the aggregate market value of collateral taken will exceed the overall on-loan value. Collateral parameters are reviewed on an ongoing bases and are subject to change.
With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen.

Listings

Listings

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valoren Common Code (EOC) ISIN of INAV
London Stock Exchange ICOM USD Jul 20, 2017 BDFL4P1 ICOM ICOM.L - - IE00BDFL4P12 - 36082553 - -
Berne Stock Exchange ICOM USD Feb 2, 2021 BMT9TK4 ICOM BW ICOM.BN - - IE00BDFL4P12 A2DK6R 36082553 - -
Xetra SXRS EUR Apr 25, 2018 BD1MLL3 SXRS GY SXRS.DE - - IE00BDFL4P12 A2DK6R 36082553 - -
London Stock Exchange COMM GBP Jul 20, 2017 BDFLHQ3 COMM COMM.L - - IE00BDFL4P12 - - - -
Bolsa Mexicana De Valores ICOM MXN Jun 11, 2019 - ICOM LN ICOM.MX - - IE00BDFL4P12 - - - -

Literature

Literature