Invesco Bloomberg Commodity ex-Agriculture UCITS ETF

What this fund is

Invesco Bloomberg Commodity ex-Agriculture UCITS ETF is an exchange-traded fund (ETF) from Invesco, traded under the ticker XAAG (ISIN IE00BYXYX521). 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 Bloomberg Commodity Ex-Agriculture and Livestock 20/30 Capped TR Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include TF Float 10/31/26, TF Float 07/31/26 and TF Float 01/31/27. With about 16 holdings (the ten largest ≈ 76.4%), your money is diversified rather than concentrated in a handful of names.

By geography it is weighted towards ~100% United States. 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 0.19% a year — about €19 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class). It tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD.

Its price has swung about 30.8% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2017. 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 Invesco.)