iShares Diversified Commodity Swap UCITS ETF

Commodity
Commodity
ICOM

iShares Diversified Commodity Swap UCITS ETF

  • NAV as of 28/Sept/2026
    USD 10.6252 WK: 7.50 - 10.95
  • 1 Day NAV Change as of 28/Sept/2026
    USD -0.14(-1.27%)
  • NAV Total Return as of 28/Sept/2026
    YTD: 33.19%
  • NAV as of 28/Sept/2026
    USD 10.6252 WK: 7.50 - 10.95
  • 1 Day NAV Change as of 28/Sept/2026
    USD -0.14(-1.27%)
  • NAV Total Return as of 28/Sept/2026
    YTD: 33.19%

WHY ICOM?

  1. Indirect exposure to a portfolio of different commodity contracts from seven different sectors
  2. Use to gain potential diversification benefits alongside a traditional allocation of equities and bonds
  3. Low-cost access to a broad array of commodities through a single total return swap

INVESTMENT OBJECTIVE

The Fund seeks to track the performance of an index which offers indirect exposure to commodities through the use of a total return swap.

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.



All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

Performance

This chart shows the product’s performance as the percentage loss or gain per year over the last 8 years against its benchmark. It can help you to assess how the product has been managed in the past and compare it to its benchmark.

2016201720182019202020212022202320242025
Total Return (%) USD
-11.6
7.6
-3.1
26.8
15.1
-8.4
5.2
15.7
Benchmark (%) USD
-11.2
7.7
-3.1
27.1
16.1
-7.9
5.4
15.8

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

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 Risks

Investment risk is concentrated in specific sectors, countries, currencies or companies. This means the Fund is more sensitive to any localised economic, market, political, sustainability-related or regulatory events.Derivatives may be highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the Fund. The impact to the Fund can be greater where derivatives are used in an extensive or complex way.The prices of commodities tend to experience greater variations than other asset classes (e.g. equities or fixed income securities). Investments in commodities are therefore potentially riskier than other types of investments.Counterparty Risk: The insolvency of any institutions providing services such as safekeeping of assets or acting as counterparty to derivatives or other instruments, may expose the Share Class to financial loss.The Fund’s ability to track the benchmark’s performance is reliant on the counterparties to continuously deliver the performance of the benchmark in line with the swap agreements (i.e. counterparty risk) and would also be affected by any spread between the pricing of the swaps and the pricing of the benchmark. If any swap counterparty fails to provide sufficient assets as security for amounts owed to the Fund, there might be an increased counterparty risk exposure at a given time.

Key Facts

Net Assets
as of 28/Sept/2026
USD 2,468,218,591
Inception Date
18/Jul/2017
Share Class Currency
USD
Asset Class
Commodity
SFDR Classification
Other
Total Expense Ratio
0.19%
Weighted Average Swap Spread
as of 29/Sept/2026
0.0799%
Securities Lending Return
as of 30/Sept/2024
0.00%
Product Structure
Synthetic
Methodology
Swap
Issuing Company
iShares VI plc
Administrator
State Street Fund Services (Ireland) Limited
Fiscal Year End
31 March
SIPP Available
Yes
UK Reporting Status
Yes
Net Assets of Fund
as of 28/Sept/2026
USD 2,468,218,591
Fund Launch Date
18/Jul/2017
Base Currency
USD
Benchmark Index
Bloomberg Commodity Index Total Return (Official)
Shares Outstanding
as of 28/Sept/2026
232,465,271
ISIN
IE00BDFL4P12
Use of Income
Accumulating
Domicile
Ireland
Rebalance Frequency
Annual
UCITS
Yes
Fund Manager
BlackRock Asset Management Ireland Limited
Custodian
State Street Custodial Services (Ireland) Limited
Bloomberg Ticker
ICOM
ISA Eligibility
Yes

Portfolio Characteristics

Benchmark Level
as of 28/Sept/2026
USD 368.66
Standard Deviation (3y)
as of 31/Aug/2026
14.01%
Benchmark Ticker
-
3y Beta
as of 31/Aug/2026
1.002

Registered Locations

  • Austria

  • Czech Republic

  • Denmark

  • Estonia

  • Finland

  • France

  • Germany

  • Hungary

  • Ireland

  • Italy

  • Latvia

  • Liechtenstein

  • Lithuania

  • Luxembourg

  • Netherlands

  • Norway

  • Poland

  • Portugal

  • Saudi Arabia

  • Singapore

  • Slovak Republic

  • Spain

  • Sweden

  • Switzerland

  • United Kingdom

Holdings

Detailed Holdings and Analytics contains detailed portfolio holdings information and select analytics.

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
30-Sept-2014
To
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To
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To
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To
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To
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30-Sept-2021
To
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30-Sept-2022
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30-Sept-2023		From
30-Sept-2023
To
30-Sept-2024
Securities Lending Return (%)
0.04
0.03
0.01
0.01
0.01
0.00
Average on-loan (% of AUM)
33.07
28.39
9.35
10.62
16.70
11.71
Maximum on-loan (% of AUM)
46.74
37.42
30.67
21.75
31.80
17.99
Collateralisation (% of Loan)
111.63
110.19
108.08
110.51
109.58
107.62
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.

Listings

Exchange
Ticker
Currency
Listing Date
SEDOL
Bloomberg Ticker
RIC
Berne Stock ExchangeICOMUSD02/Feb/2021BMT9TK4ICOM BWICOM.BN
Bolsa Mexicana De ValoresICOMMXN11/Jun/2019BJ9KS54ICOMN MMICOM.MX
London Stock ExchangeICOMUSD20/Jul/2017BDFL4P1ICOMICOM.L
London Stock ExchangeCOMMGBP20/Jul/2017BDFLHQ3COMMCOMM.L
XetraSXRSEUR25/Apr/2018BD1MLL3SXRS GYSXRS.DE

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If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available.