# iShares Diversified Commodity Swap UCITS ETF (COMM) **Source:** https://fundology.uk/fund/comm · ISIN IE00BDFL4P12 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 30/09/2026, COMM (iShares Diversified Commodity Swap UCITS ETF, ISIN IE00BDFL4P12) closed at £8.02 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the five years to 30/09/2026 its total return was +70.3%, or +33.1% after UK CPIH inflation. ## Summary iShares Diversified Commodity Swap UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2017. It tracks the Bloomberg Commodity Index - USD. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£8.02** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | COMM | | ISIN | IE00BDFL4P12 | | Category | Gold & commodities | | Type | ETF | | Provider | iShares | | Tracks | Bloomberg Commodity Index - USD | | Income | Accumulating | | Ongoing charge | 0.19% a year (£19 per £10,000) | | Fund size | £1.4bn | | Launched | 2017 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +41.38% | +36.95% | income reinvested | | 3 years | +41.24% | +27.45% | income reinvested | | 5 years | +70.32% | +33.14% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of iShares Diversified Commodity Swap UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +28.3%, 2023 −12.6%, 2024 +5.3%, 2025 +10.5%; 2026 to 30/09/2026 +33.1%. Returns of iShares Diversified Commodity Swap UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +42.1%; to 30/09/2025: +9.3%; to 30/09/2024: −8.9%; to 30/09/2023: −11.0%; to 30/09/2022: +40.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +28.3% | +17.5% | Price | | 2023 | -12.6% | -16.0% | Price | | 2024 | +5.3% | +1.8% | Price | | 2025 | +10.5% | +6.7% | Price | | 2026 to 30/09/2026 | +33.1% | +29.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 17.76% | -11.79% | | 3 years | 15.08% | -14.53% | | 5 years | 16.63% | -27.99% | ## Largest fall Volatility of iShares Diversified Commodity Swap UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 17.8% over 1 year, 15.1% over 3 years, 16.6% over 5 years. Largest fall in the price of iShares Diversified Commodity Swap UCITS ETF since October 2021, in pounds: −28.0% from 10/06/2022 to 06/09/2024. The lowest 12-month return of iShares Diversified Commodity Swap UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −24.0% (12 months to 09/06/2023); the highest was +62.9% (12 months to 20/05/2022). On 30/09/2026 the price of iShares Diversified Commodity Swap UCITS ETF was 1.5% below its highest weekly close since October 2021 (25/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of iShares Diversified Commodity Swap UCITS ETF 0.19% a year, as of 01/10/2026: 120 of the 137 other gold and commodity funds charge more, 8 the same and 9 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.19%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | Treasury Bill | 30.06% | | USD Cash | 2.32% | | Banco Bilbao Vizcaya Argentaria | 2.07% | | Mackinac Funding Co LLC 144A | 2.07% | | American Honda Finance | 2.03% | | Verto Capital I 144A | 1.83% | | Fidelity Natl Info Serv 144A | 1.81% | | Toronto-Dominion Bank | 1.81% | | Banco Santander | 1.80% | | Bunge Ltd Finance Corp 144A | 1.76% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By type of asset Added up from the holdings iShares publishes, as of 29/09/2026. | Type of asset | Weight | |---|---| | Cash and money market | 103.4% | | Derivatives | 0.4% | All 81 holdings: https://fundology.uk/fund/comm/holdings --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.