ETF · L&G
ENCG Mlt Strgy Enhnc Comm UCITS ETF
ISIN IE00BFXR6159London Stock Exchange: ENCGLegal & General Group Plc
- Gold & commodities
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£14.29
on
- Ongoing charge
- 0.30% a year
- Fund size
- £944m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, ENCG (Mlt Strgy Enhnc Comm UCITS ETF, ISIN IE00BFXR6159) closed at £14.29 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its price changed by +69.1%, or +32.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +22.8%
- +18.5% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +25.3%
- +13.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +69.1%
- +32.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,691 on 13/11/2026 — about £1,320 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +38.2%, 2023 −7.8%, 2024 +7.7%, 2025 −2.3%; 2026 to 13/11/2026 +29.5%. Returns of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +35.1%; to 30/09/2025: +9.2%; to 30/09/2024: −12.5%; to 30/09/2023: −4.7%; to 30/09/2022: +50.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +29.5% | +25.3% | |
| to | −2.3% | −5.7% | |
| to | +7.7% | +4.1% | |
| −7.8% | −11.5% | ||
| +38.2% | +26.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +35.1% | +30.3% |
| from | +9.2% | +4.9% |
| from | −12.5% | −14.7% |
| from | −4.7% | −10.4% |
| from | +50.0% | +37.8% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
17.1%over 5 years
| 1 year | 17.4% |
|---|---|
| 3 years | 15.3% |
| 5 years | 17.1% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −25.6%
- From to
- Lowest 12-month return
- −21.1%
- 12 months to
- Highest 12-month return
- +78.2%
- 12 months to
- Below its highest weekly close since November 2021
- 5.9%
- High of , latest
In words: Volatility of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 17.4% over 1 year, 15.3% over 3 years, 17.1% over 5 years. Largest fall in the price of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF since November 2021, in pounds: −25.6% from 10/06/2022 to 06/09/2024. The lowest 12-month return of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF in pounds (price, with income reinvested in the fund) since July 2021 was −21.1% (12 months to 09/06/2023); the highest was +78.2% (12 months to 19/08/2022). On 13/11/2026 the price of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF was 5.9% below its highest weekly close since November 2021 (23/10/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.30%
- a year
- On £10,000
- £30
- a year, roughly
- Over five years
- £149
- of £10,000, before growth
- 39 charge less
- 7 the same
- 103 charge more
Ongoing charge of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF 0.30% a year. Compared on 14/11/2026, 103 of the 149 other gold and commodity funds charge more, 7 the same and 39 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF is an exchange-traded fund (ETF) from L&G, launched in 2021.
It tracks the Barclays Backwardation Tilt Multi-Strategy Capped Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.3% a year — about £30 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.
Gold & commodities: Gold, silver, oil and other raw materials. They pay no dividends or interest — returns come only from price changes.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- ENCG
- ISIN
- IE00BFXR6159
- Also listed as
- ENCO (London Stock Exchange, US dollars), EN4C (Xetra, euros)
- Provider
- L&G
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.30% a year · about £30 on £10,000
- Fund size
- £944m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Gold & commodities
Price chart
Over the last year, the closing price went from £11.44 on 14/11/2025 to £14.29 on 13/11/2026 (+24.9%). The lowest close shown was £11.03 on 02/01/2026 and the highest £15.19 on 23/10/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Funds tracking the same index
4 funds track Barclays Backwardation Tilt Multi-Strategy Capped Index, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.35% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years |
|---|---|---|---|
| Mlt Strgy Enhnc Comm UCITS ETFThis fundAccumulating · 0.30% a year | 0.30% | +22.8% | +25.3% |
| Mlt Strgy Enhnc Comm UCITS ETFAccumulating · Currency hedged · 0.35% a year | 0.35% | +23.6% | +34.9% |
| Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBPDistributing · Currency hedged · 0.30% a year | 0.30% | +23.6% | Not reported |
| Mlt Strgy Enhnc Comm UCITS ETF USDDistributing · 0.30% a year | 0.30% | +23.5% | Not reported |
As of
Barclays Backwardation Tilt Multi-Strategy Capped funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- Mlt Strgy Enhnc Comm UCITS ETFAccumulating · Currency hedged · 0.35% a year · IE00011CA799
- Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBPDistributing · Currency hedged · 0.30% a year · IE0004O92CM1
- Mlt Strgy Enhnc Comm UCITS ETF USDDistributing · 0.30% a year · IE000IYBMW97
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 228 rolling 12-month returns since July 2021, and of 124 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of ENCG?
The ongoing charge of ENCG is 0.30% a year — about £30 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF 0.30% a year. Compared on 14/11/2026, 103 of the 149 other gold and commodity funds charge more, 7 the same and 39 less (share classes counted once).
What does ENCG track?
ENCG tracks the Barclays Backwardation Tilt Multi-Strategy Capped Index.
Is ENCG accumulating or distributing?
ENCG is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of ENCG?
The ISIN of ENCG is IE00BFXR6159. An ISIN identifies one exact share class of a fund; ENCG is its ticker on the London Stock Exchange. The same share class is also listed as ENCO (London Stock Exchange, US dollars) and EN4C (Xetra, euros).
What were ENCG’s returns in each of the last five years?
Calendar-year returns of ENCG in pounds (price, with income reinvested in the fund): 2022 +38.2%, 2023 −7.8%, 2024 +7.7%, 2025 −2.3%; 2026 to 13/11/2026 +29.5%. Past performance is not a guide to future returns.
How has ENCG done after inflation?
Over the five years to 13/11/2026 ENCG’s price changed by +69.1%, or +32.0% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- SGLNiShares Physical Gold ETC0.12% a year · £28bn
- SGLPInvesco Physical Gold ETC0.12% a year · £21bn
- GLDAAmundi Physical Gold ETC0.12% a year · £9.0bn
- 0VR3Swisscanto (CH) Gold ETF EA CHF0.40% a year · £5.6bn
- PHGPWisdomTree Physical Gold0.39% a year · £5.0bn
- XGDPXtrackers IE Physical Gold ETC0.11% a year · £4.8bn
- 0MKNUBS ETF (CH) - UBS Gold ETF Units -USD acc-0.23% a year · £4.3bn
- SGBXWisdomTree Physical Swiss Gold0.15% a year · £3.9bn
Fund documents and methods
- Fund documents
- Fund page at L&G (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.