iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF

What this fund is

iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker ROLL (ISIN IE00BZ1NCS44). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. 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 follows the Bloomberg Enhanced Roll Yield Commodity index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include TREASURY BILL, TREASURY BILL and TREASURY BILL. Spread across roughly 190 holdings (the ten largest ≈ 29.9%), no one position makes or breaks the fund.

By geography it is weighted towards ~91.8% United States, ~4.8% Canada and ~2.5% Australia. By industry it concentrates most in ~111.6% Other. 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 0.28% a year — about €28 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

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. Its price has swung about 16.4% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2018. 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 iShares.)