Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc

Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc is an exchange-traded fund designed to provide exposure to a globally diversified basket of commodities while deliberately excluding agricultural and livestock sectors. The ETF's primary function is to reflect the performance of the Bloomberg Commodity ex-Agriculture and Livestock 20/30 Capped Index, capturing returns from futures contracts on energy, industrial metals, and precious metals. Utilizing a synthetic replication method, the fund employs swaps to closely track its benchmark. Key features include an accumulating distribution policy, meaning income generated by underlying assets is reinvested rather than distributed, and a competitive total expense ratio of approximately 0.19% per annum. The fund is passively managed, aiming to mirror the index's performance as efficiently as possible, and operates without currency hedging, exposing investors to foreign exchange fluctuations. With a substantial asset base exceeding €250 million, it serves as a liquidity-efficient option for those seeking to gain broad commodity exposure outside of agriculture. Since its launch in 2017, the fund has established itself as a significant player in the commodity ETF market, providing transparent and rules-based access to the non-agricultural commodities sector.