Key Highlights

  • BCOM (ASX:BCOM) gives exposure to a broad commodity index through an unfunded swap agreement.
  • Gold, Brent crude, copper, natural gas and soybeans feature among the index exposures.
  • Fund size is $149.08m, with fees of 0.66% and an annual yield of 5.50%.
  • The fund's cash-type holding is a 1-3 month US T-bill ETF, at 84.36%.

Global X Bloomberg Commodity Complex ETF (ASX:BCOM) traded at $13.07 during the trading session on 30 October 2026, with the price close to unchanged, and 40,301 units changing hands. BCOM aims to deliver exposure to a broad commodity index: energy, metals and agriculture futures, delivered through a swap agreement rather than direct futures holdings. The fund was admitted to the ASX on 5 July 2023.

Fund Details

Fund size is $149.08m, with 11,397,921 units on issue. The ISIN is AU0000272619 and management fees and costs are 0.66% a year. The benchmark is the Bloomberg Commodity 3 Month Forward TR AUD index, and the fund sits in the Commodities & Precious Metals category.

The day's range was $13.07 to $13.15, against a previous close of $13.08. Average daily volume is about 67,647 units.

How the Exposure Is Built

The fund's objective is achieved through an unfunded swap agreement, which provides the index results plus an interest component. The interest is earned through cash, money market instruments or an underlying fund, and the swap is adjusted by a spread negotiated with the counterparty.

The largest holding is a 1-3 month US Treasury bill ETF at 84.36%. Index exposures include gold futures at 11.86%, Brent crude at 10.69%, crude oil at 8.37%, copper at 6.14%, natural gas at 5.74%, soybeans at 5.56%, corn at 5.36% and gasoil at 4.90%.

Income Profile

The annual yield is 5.50%. The most recent final distribution was $0.720, with an ex-date of 2 July 2026, a record date of 3 July 2026 and a payment date of 16 July 2026. Part of the yield reflects interest earned on the cash-type holding.

Key Takeaways

BCOM offers broad commodity exposure in a single ASX trade rather than separate futures positions.

Energy, metals and agriculture are represented, which spreads exposure across the commodity complex.

The 5.50% yield partly reflects interest from the cash-type holding.

The swap structure makes the exposure less direct than a futures portfolio held by the investor.