State Street® SPDR® Commodity UCITS ETF (Acc)

What this fund is

State Street® SPDR® Commodity UCITS ETF (Acc) is an exchange-traded fund (ETF) from SPDR, traded under the ticker SCOM (ISIN IE0006HIE7H2). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, spread across its target market. It passively tracks the Dow Jones Commodity Index 3 Month Forward – Quarterly Reweight index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include US DOLLAR, STATE STREET USD LIQUIDITY LVN STATE ST USD LIQ LNAV Z ACC and TREASURY BILL 10/26 0.00000.

It holds around 58 positions (the ten largest ≈ 48.9%), spreading risk so no single holding decides your outcome. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine. Its ongoing charge (TER) is 0.12% a year — about €12 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. On the standard KID risk scale it is rated 4 out of 7 and its price has swung about 32.3% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2026, and its KID suggests a holding period of 5 years. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from SPDR.)