Ossiam Risk Weighted Enhanced Commodity Ex Grains TR UCITS ETF 1C(USD) (LCRW.L) tracks the Risk Weighted Enhanced Commodity ex Grains Index Total Return USD, providing synthetic exposure to a diversified basket of commodities excluding grains; the index employs a risk-weighted methodology to allocate across commodity futures contracts in energy, metals, and agriculture (ex-grains) sectors, aiming for enhanced risk-adjusted returns through volatility targeting and dynamic rebalancing. Launched on July 5, 2013, and domiciled in Luxembourg with assets under management of approximately EUR 2 million, the ETF uses a swap-based replication strategy, accumulates income, and maintains a total expense ratio of 0.45% per annum; it lists on major European exchanges including the London Stock Exchange. Issued and managed by Ossiam, a Paris-headquartered affiliate of Natixis Investment Managers specializing in systematic smart beta ETFs across equities, commodities, and multi-asset strategies, the fund targets institutional and retail investors seeking commodity diversification without physical holdings. No major strategic changes, such as acquisitions, partnerships, funding rounds, or product launches specific to this ETF, have been reported in the last 1-2 years; Ossiam continues to focus on its core offerings amid stable operations, with recent firm-level activity limited to portfolio adjustments in underlying equities rather than ETF-specific developments.