iShares Diversified Commodity Swap UCITS ETF (ICOM)

Profile

https://oci-global.com

iShares Diversified Commodity Swap UCITS ETF is a synthetic exchange-traded fund (ETF) designed to track the performance of an index providing exposure to 20 diverse commodities through a total return swap mechanism. As a UCITS-compliant vehicle domiciled in Germany and managed by iShares, it adheres to stringent EU regulations ensuring diversification, liquidity, transparency, and investor protection, including the 5/10/40 rule limiting concentration risk and segregated asset custody. The fund employs derivatives for replication, capping counterparty exposure at 10% of net asset value with daily collateral valuation to mitigate risks. Accumulating in structure with a total expense ratio of 0.46% per annum, it offers unhedged currency exposure, primarily in EUR and USD, appealing to investors seeking broad commodity market access without physical holdings. With assets under management around EUR 228 million and listings across major European exchanges since 2007, this ETF plays a key role in portfolio diversification, hedging against inflation, and capturing commodity sector trends in energy, metals, and agriculture.