A broad basket of commodities
This fund gives you exposure to a wide mix of commodities at once, including energy, metals, grains and livestock. It does this through futures contracts rather than holding physical barrels or bushels. Gains build up inside the fund instead of being paid out.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- One basket spanning energy, metals and crops
- Very low cost at 0.19 percent
- Large and liquid, accumulating
- Uses swaps, so some counterparty exposure
- Futures roll costs can drag returns
- Commodities are volatile and cyclical
About this fund
The fund tracks the Bloomberg Commodity index, which spreads exposure across energy, precious and industrial metals, agriculture and livestock. It is one of the largest and cheapest broad commodity funds available to European retail investors. It uses an unfunded swap to track the index synthetically, which is normal for diversified commodity products.
Available on Interactive Brokers
Low-cost access to A broad basket of commodities and 10,000+ funds worldwide.
Frequently asked questions
Is CMOD.L accumulating or distributing?
Invesco Bloomberg Commodity UCITS ETF Acc (CMOD.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for CMOD.L?
CMOD.L has a total expense ratio (TER) of 0.19% per year. On a $10,000 holding that is roughly $19 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy CMOD.L on Interactive Brokers?
Yes. CMOD.L trades on LSE, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does CMOD.L invest in?
Invesco Bloomberg Commodity UCITS ETF Acc (CMOD.L) tracks the Bloomberg Commodity Index. This fund gives you exposure to a wide mix of commodities at once, including energy, metals, grains and livestock. You buy one fund and get the whole basket in a single trade.
Is CMOD.L a UCITS ETF, and where is it domiciled?
Yes, CMOD.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is CMOD.L?
On the TickerCompare 1 to 5 scale, CMOD.L is rated higher risk (4/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.