Commodity

ICOM

iShares Diversified Commodity Swap UCITS ETF

Overview

Important Information: Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.

Weighted Average Swap Fee: 9 bps*

*As at 28 February 2021. 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

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Distributions

This product does not have any distributions data as of now.
  From
31-Mar-2016
To
31-Mar-2017
From
31-Mar-2017
To
31-Mar-2018
From
31-Mar-2018
To
31-Mar-2019
From
31-Mar-2019
To
31-Mar-2020
From
31-Mar-2020
To
31-Mar-2021
Total Return (%)

as of 31/Mar/2021

- - -5.58 -22.18 34.72
Benchmark (%)

as of 31/Mar/2021

- - -5.25 -22.31 35.04
  1y 3y 5y 10y Incept.
34.72 -0.34 - - 1.26
Benchmark (%)

as of 31/Mar/2021

35.04 -0.20 - - 1.46
  YTD 1m 3m 6m 1y 3y 5y 10y Incept.
6.87 -2.16 6.87 17.68 34.72 -1.01 - - 4.74
Benchmark (%)

as of 31/Mar/2021

6.92 -2.15 6.92 17.82 35.04 -0.60 - - 5.53
  2016 2017 2018 2019 2020
Total Return (%) - - -11.63 7.61 -3.11
Benchmark (%) - - -11.25 7.69 -3.12

The figures shown relate to past performance. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Share Class and Benchmark performance displayed in USD, hedged Share Class Benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. 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 realize returns that are different to the NAV performance.

The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets as of 15/Apr/2021 USD 1,800,575,483
Base Currency USD
Inception Date 18/Jul/2017
Asset Class Commodity
Total Expense Ratio 0.19%
Ongoing Charges Figures 0.19%
Product Structure Synthetic
Methodology Swap
Domicile Ireland
UCITS Yes
Benchmark Index Bloomberg Commodity(SM) (Total Return Index)
Distribution Frequency None
Securities Lending Return as of 31/Dec/2020 0.00%
ISA Eligibility Yes
SIPP Available Yes
UK Distributor/Reporting Status Yes
Rebalance Frequency Annual
ISIN IE00BDFL4P12
Bloomberg Ticker ICOM
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
Use of Income No Income

Portfolio Characteristics

Portfolio Characteristics

Shares Outstanding as of 15/Apr/2021 331,469,498
Number of Holdings as of 15/Apr/2021 0
Benchmark Level as of 15/Apr/2021 USD 184.82
Benchmark Ticker BCOMTR
Distribution Yield as of - -
Fiscal Year End 31 March
3y Beta as of 31/Mar/2021 0.996
Standard Deviation (3y) as of 31/Mar/2021 14.63%

Registered Locations

Registered Locations

  • Austria

  • Czech Republic

  • Denmark

  • Finland

  • France

  • Germany

  • Ireland

  • Italy

  • Luxembourg

  • Netherlands

  • Norway

  • Portugal

  • Singapore

  • Slovak Republic

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Holdings

as of 15/Apr/2021
Ticker Name Sector Nominal Market Value Weight (%) Price Exchange Notional Value
Issuer Ticker Name Weight (%) Price Nominal Market Value Notional Value Sector Exchange
Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

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.

 

  From
31-Dec-2019
To
31-Dec-2020
From
31-Dec-2018
To
31-Dec-2019
From
31-Dec-2017
To
31-Dec-2018
From
31-Dec-2016
To
31-Dec-2017
From
31-Dec-2015
To
31-Dec-2016
Securities Lending Return (%) 0.00 0.02 0.04 - -
Average on-loan (% of AUM) 5.73 23.30 32.65 - -
Maximum on-loan (% of AUM) 30.67 37.42 46.74 - -
Collateralisation (% of Loan) 109.02 109.48 111.42 - -
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 14/Apr/2021
Name Ticker ISIN SEDOL Exchange Location Asset Class Weight %
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%

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

Exchange Ticker Currency Listing Date SEDOL Bloomberg Ticker RIC Bloomberg INAV Reuters INAV ISIN WKN Valor Common Code (EOC) ISIN of INAV
London Stock Exchange ICOM USD 20/Jul/2017 BDFL4P1 ICOM ICOM.L - - IE00BDFL4P12 - 36082553 - -
Berne Stock Exchange ICOM USD 02/Feb/2021 BMT9TK4 ICOM BW ICOM.BN - - IE00BDFL4P12 A2DK6R 36082553 - -
Xetra SXRS EUR 25/Apr/2018 BD1MLL3 SXRS GY SXRS.DE - - IE00BDFL4P12 A2DK6R 36082553 - -
London Stock Exchange COMM GBP 20/Jul/2017 BDFLHQ3 COMM COMM.L - - IE00BDFL4P12 - - - -
Bolsa Mexicana De Valores ICOM MXN 11/Jun/2019 - ICOM LN ICOM.MX - - IE00BDFL4P12 - - - -
SIX Swiss Exchange ICOM USD 25/Oct/2017 - ICOM ICOM.S - - IE00BDFL4P12 - - - -

Literature

Literature