# Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF (ENCG) **Source:** https://fundology.uk/fund/encg · ISIN IE00BFXR6159 · 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, ENCG (Mlt Strgy Enhnc Comm UCITS ETF, ISIN IE00BFXR6159) closed at £14.96 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 30/09/2026 its total return was +34.5%, or +5.1% after UK CPIH inflation. ## Summary 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. Latest close: **£14.96** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | ENCG | | ISIN | IE00BFXR6159 | | Category | Gold & commodities | | Type | ETF | | Provider | L&G | | Tracks | Barclays Backwardation Tilt Multi-Strategy Capped Index | | Income | Accumulating | | Ongoing charge | 0.30% a year (£30 per £10,000) | | Fund size | £798m | | Launched | 2021 | | 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 | +32.80% | +28.64% | income reinvested | | 3 years | +29.77% | +17.10% | income reinvested | | 5 years | +34.46% | +5.11% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 +5.0%, 2025 +1.6%; 2026 to 30/09/2026 +33.7%. 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: +32.7%; to 30/09/2025: +11.1%; to 30/09/2024: −12.5%; to 30/09/2023: −4.7%; to 30/09/2022: +56.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +38.2% | +26.5% | Price | | 2023 | -7.8% | -11.5% | Price | | 2024 | +5.0% | +1.4% | Price | | 2025 | +1.6% | -1.9% | Price | | 2026 to 30/09/2026 | +33.7% | +30.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 16.21% | -11.56% | | 3 years | 15.16% | -16.73% | | 5 years | 16.90% | -25.62% | ## Largest fall Volatility of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 16.2% over 1 year, 15.2% over 3 years, 16.9% over 5 years. Largest fall in the price of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF since October 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 30/09/2026 the price of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF was 1.1% below its highest weekly close since October 2021 (25/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF 0.30% a year, as of 01/10/2026: 95 of the 137 other gold and commodity funds charge more, 6 the same and 36 less (share classes counted once). ## 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF (this fund) | 0.30% | +32.8% | +29.8% | +34.5% | | Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Accum Shs Hedged GBP | 0.35% | +30.9% | +40.3% | — | | Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP | 0.30% | +31.0% | — | — | | Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF USD | 0.30% | +33.0% | — | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.30%** per year - ISA eligible: yes - SIPP eligible: yes --- 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.