# iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLG)

**Page:** https://fundology.uk/fund/rolg · ISIN IE00BZ1NCS44

## 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 13/11/2026, ROLG (iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF, ISIN IE00BZ1NCS44) closed at £8.53 on the London Stock Exchange. Its ongoing charge is 0.28% a year (about £28 on £10,000). Over the five years to 13/11/2026 its total return was +79.6%, or +40.2% after UK CPIH inflation.

## Summary

iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2018. It tracks the Bloomberg Enhanced Roll Yield Index - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.28% a year — about £28 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: **£8.53** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ROLG |
| ISIN | IE00BZ1NCS44 |
| Also listed as | ROLL (London Stock Exchange, US dollars) |
| Category | Gold & commodities |
| Type | ETF |
| Provider | iShares |
| Tracks | Bloomberg Enhanced Roll Yield Index - Benchmark TR Gross |
| Income | Accumulating |
| Ongoing charge | 0.28% a year (£28 per £10,000) |
| Fund size | £1.3bn |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/10/2018 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +31.05% | +26.41% | income reinvested |
| 3 years | +45.00% | +31.00% | income reinvested |
| 5 years | +79.56% | +40.16% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +30.5%, 2023 −7.4%, 2024 +8.0%, 2025 +6.3%; 2026 to 13/11/2026 +34.2%. Returns of iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +46.0%; to 30/09/2025: +10.5%; to 30/09/2024: −7.6%; to 30/09/2023: −2.3%; to 30/09/2022: +32.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +30.5% | +19.5% | Price |
| 2023 | -7.4% | -11.0% | Price |
| 2024 | +8.0% | +4.3% | Price |
| 2025 | +6.3% | +2.6% | Price |
| 2026 to 13/11/2026 | +34.2% | +29.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 16.73% | -11.24% |
| 3 years | 14.59% | -12.91% |
| 5 years | 15.93% | -18.25% |

## Largest fall

Volatility of iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 16.7% over 1 year, 14.6% over 3 years, 15.9% over 5 years. Largest fall in the price of iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF since November 2021, in pounds: −18.3% from 10/06/2022 to 06/09/2024. The lowest 12-month return of iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −16.9% (12 months to 09/06/2023); the highest was +61.1% (12 months to 25/03/2022). On 13/11/2026 the price of iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF was 6.6% below its highest weekly close since November 2021 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF 0.28% a year. Compared on 14/11/2026, 112 of the 149 other gold and commodity funds charge more, 0 the same and 37 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.28%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, ROLG holds 96 positions, according to its published holdings. The largest is Treasury Bill at 19.38% of the fund; the ten largest make up 37.7%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Bill | — | 19.38% |
| 2 | Intrepid Funding Co LLC 144A | — | 2.22% |
| 3 | Fidelity Natl Info Serv 144A | — | 2.15% |
| 4 | National Bank of Canada 144A | — | 2.05% |
| 5 | USD Cash | — | 2.04% |
| 6 | Commerzbank AG (New York Branch) | — | 2.02% |
| 7 | Svenska Handelsbanken AB 144A | — | 2.01% |
| 8 | American Honda Finance | — | 1.99% |
| 9 | Macquarie Bank Ltd 144A | — | 1.98% |
| 10 | CRH America Finance Inc 144A | — | 1.83% |

The 94 holdings on record (of 96 reported): https://fundology.uk/fund/rolg/holdings

## Questions people ask

**What is the ongoing charge of ROLG?**

The ongoing charge of ROLG is 0.28% a year — about £28 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 iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF 0.28% a year. Compared on 14/11/2026, 112 of the 149 other gold and commodity funds charge more, 0 the same and 37 less (share classes counted once).

**What does ROLG track?**

ROLG tracks the Bloomberg Enhanced Roll Yield Index - Benchmark TR Gross.

**Is ROLG accumulating or distributing?**

ROLG 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 ROLG?**

The ISIN of ROLG is IE00BZ1NCS44. An ISIN identifies one exact share class of a fund; ROLG is its ticker on the London Stock Exchange. The same share class is also listed as ROLL (London Stock Exchange, US dollars).

**What does ROLG hold?**

As of 06/11/2026, ROLG holds 96 positions, according to its published holdings. The largest is Treasury Bill at 19.38% of the fund; the ten largest make up 37.7%. Its ten largest holdings are Treasury Bill (19.38%), Intrepid Funding Co LLC 144A (2.22%), Fidelity Natl Info Serv 144A (2.15%), National Bank of Canada 144A (2.05%), USD Cash (2.04%), Commerzbank AG (New York Branch) (2.02%), Svenska Handelsbanken AB 144A (2.01%), American Honda Finance (1.99%), Macquarie Bank Ltd 144A (1.98%) and CRH America Finance Inc 144A (1.83%).

**What were ROLG’s returns in each of the last five years?**

Calendar-year returns of ROLG in pounds (price, with income reinvested in the fund): 2022 +30.5%, 2023 −7.4%, 2024 +8.0%, 2025 +6.3%; 2026 to 13/11/2026 +34.2%. Past performance is not a guide to future returns.

**How has ROLG done after inflation?**

Over the five years to 13/11/2026 ROLG’s total return was +79.6%, or +40.2% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/298008/ishares-bloomberg-enhanced-roll-yield-commodity-swap-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-bloomberg-enhanced-roll-yield-commodity-swap-ucits-etf-gb-ie00bz1ncs44-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/roll-ishares-bloomberg-enhanced-roll-yield-commodity-swap-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.