# Commodity UCITS ETF (SCMD)

**Source:** https://fundology.uk/fund/scmd · ISIN IE0006HIE7H2 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (State Street), 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 01/10/2026, SCMD (Commodity UCITS ETF, ISIN IE0006HIE7H2) closed at £8.20 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000).

## Summary

SSGA SPDR ETFs Europe II Plc - Commodity UCITS ETF is an exchange-traded fund (ETF) from State Street, launched in 2026. It tracks the Dow Jones Commodity Index 3 Month Forward - Quarterly Reweight - USD - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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: **£8.20** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SCMD |
| ISIN | IE0006HIE7H2 |
| Category | Gold & commodities |
| Type | ETF |
| Provider | State Street |
| Tracks | Dow Jones Commodity Index 3 Month Forward - Quarterly Reweight - USD - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £73.7m |
| Launched | 2026 |
| Domicile | Ireland |

## Charges compared with similar funds

Ongoing charge of SSGA SPDR ETFs Europe II Plc - Commodity UCITS ETF 0.12% a year, as of 02/10/2026: 131 of the 137 other gold and commodity funds charge more, 5 the same and 1 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 30/09/2026, SCMD holds 33 positions, according to the holdings State Street publishes. The largest is Treasury Bill 10/26 0.00000 at 27.04% of the fund; the ten largest make up 78.7%.

### Top holdings

Largest positions (as of 30/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Treasury Bill 10/26 0.00000 | — | 27.04% |
| 2 | Treasury Bill 11/26 0.00000 | — | 25.25% |
| 3 | State Street | [STT](https://fundology.uk/stock/STT) | 4.76% |
| 4 | Treasury Bill 12/26 0.00000 | — | 4.70% |
| 5 | US Dollar | — | 4.31% |
| 6 | Norinchukin Bank Ldn 11/26 Zcp | — | 2.74% |
| 7 | Verto Capital I Compartment D 11/26 Zcp | — | 2.74% |
| 8 | Euroclear Bank Sa/Nv 12/26 Zcp | — | 2.73% |
| 9 | Swedbank AB 10/26 Zcp | — | 2.20% |
| 10 | Bank of England 11/26 0 | — | 2.19% |

Source: State Street, holdings as published, as of 30/09/2026.

All 33 holdings: https://fundology.uk/fund/scmd/holdings

## Questions people ask

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

The ongoing charge of SCMD is 0.12% a year — about £12 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 SSGA SPDR ETFs Europe II Plc - Commodity UCITS ETF 0.12% a year, as of 02/10/2026: 131 of the 137 other gold and commodity funds charge more, 5 the same and 1 less (share classes counted once).

**What does SCMD track?**

SCMD tracks the Dow Jones Commodity Index 3 Month Forward - Quarterly Reweight - USD - Benchmark TR Net.

**Is SCMD accumulating or distributing?**

SCMD 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 SCMD?**

The ISIN of SCMD is IE0006HIE7H2. An ISIN identifies one exact share class of a fund; SCMD is its ticker on the London Stock Exchange.

**What does SCMD hold?**

As of 30/09/2026, SCMD holds 33 positions, according to the holdings State Street publishes. The largest is Treasury Bill 10/26 0.00000 at 27.04% of the fund; the ten largest make up 78.7%. Its ten largest holdings are Treasury Bill 10/26 0.00000 (27.04%), Treasury Bill 11/26 0.00000 (25.25%), State Street (4.76%), Treasury Bill 12/26 0.00000 (4.70%), US Dollar (4.31%), Norinchukin Bank Ldn 11/26 Zcp (2.74%), Verto Capital I Compartment D 11/26 Zcp (2.74%), Euroclear Bank Sa/Nv 12/26 Zcp (2.73%), Swedbank AB 10/26 Zcp (2.20%) and Bank of England 11/26 0 (2.19%).

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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.