L&G Market Neutral Commodities UCITS ETF USD Acc is an exchange-traded fund designed to provide long/short exposure to a broad base of futures contracts on physical commodities. It seeks to deliver market-neutral returns by tracking the Barclays Backwardation Tilt Alpha Capped ex-Precious Metals 1.75x TR Index through synthetic replication using an unfunded swap mechanism. This approach emphasizes commodities in backwardation, where futures prices are lower than spot prices, while capping exposure and excluding precious metals to focus on energy, agriculture, and industrial metals sectors. As a UCITS-compliant ETF with accumulating distribution policy, it reinvests returns, making it suitable for investors seeking commodity diversification without directional market bets. Issued by Legal & General UCITS ETF PLC and managed under Legal & General Investment Management, the fund operates from Ireland, serving investors across the UK, European Economic Area, and select jurisdictions. Launched in 2025, L&G Market Neutral Commodities UCITS ETF USD Acc plays a specialized role in portfolios aiming for low correlation to traditional equities and bonds through its unique commodity futures strategy.