iShares Diversified Commodity Swap UCITS ETF
ISCMF
Other OTC- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- iShares Diversified Commodity Swap UCITS ETF (ISCMF) is an exchange-traded fund that provides investors with indirect exposure to a diversified basket of commodities through a synthetic replication strategy utilizing unfunded total return swaps. The ETF tracks the Bloomberg Commodity Total Return Index, which comprises futures contracts across seven major sectors including energy, precious metals, industrial metals, livestock, agriculture, softs, and grains; it offers accumulating share classes in USD with a total expense ratio of 0.19%, net assets exceeding USD 1.5 billion, and listings on major exchanges such as the London Stock Exchange (tickers ICOM and COMM), Xetra (SXRS), and others. Launched on July 18, 2017, the fund is domiciled in Ireland as part of iShares VI plc, managed by BlackRock Advisors (UK) Limited with headquarters in London, England, and operates across European markets including the UK, Germany, Switzerland, and beyond while targeting institutional and retail investors seeking commodity diversification without physical holdings. The fund's portfolio management involves collateral investments in short-term securities such as three-month US Treasuries, money market instruments, deposits with credit institutions, certificates of deposit, and short-term bonds to support swap counterparty obligations and minimize tracking error against the benchmark. It employs a long-only strategy with no sustainability focus, currency unhedged exposure in USD, and securities lending activities generating modest additional returns, with average on-loan balances around 10-30% of AUM historically collateralized above 107%. In recent developments, BlackRock expanded the cash management investment universe for the iShares Diversified Commodity Swap UCITS ETF and its sister fund, the iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF, to include a broader range of low-risk instruments beyond US Treasuries, enhancing tracking precision versus benchmarks as announced in shareholder updates within the past year. The ETF published its annual report and audited financial statements for the year ended March 31, 2025, reflecting ongoing operational stability under iShares VI plc with no reported acquisitions, funding rounds, or structural reorganizations; it continues to benefit from BlackRock's position as the world's largest ETF provider amid record 2025 industry inflows.