ETF (UCITS compliant)

L&G Russell 2000 US Small Cap Quality UCITS ETF

Fund facts

Fund size*
$38.9m
Base currency
USD
Listing date
25 Sep 2008
Domicile
Ireland
Index ticker
R2QTEN
Replication method
Physical - optimised replication

Statistics

*As at 27 Sep 2021

Fund aim

The L&G Russell 2000 US Small Cap Quality UCITS ETF (the “ETF”) aims to track the performance of the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index (the “Index”).

  • Sector allocation

Invest in the growth potential of US small caps

  • Diversification

Diversify a US large cap portfolio with a broad basket of 2,000 US small caps

Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index

The Index measures the performance of a basket of stocks within the small-capitalisation segment of the U.S. equity market. The Index derives its universe from the Russell 2000 Index which includes approximately 2000 of the smallest securities based on a combination of their market capitalisation and current index membership. The Index then applies a quality tilt by adjusting the market cap weight of those constituents with better quality characteristics upwards and adjusting the market cap weights of those with poorer quality characteristics downwards such the target active quality factor exposure, set at 0.4, is achieved. Securities with a weight of less than 2 basis points are removed from the Index. Quality factor is defined as a composite measure of a company’s profitability and leverage and is determined by FTSE International Limited (the “Index Administrator”) using a rules-based approach, as further described in the index methodology document.

Index data

Provider
FTSE Russell
Bloomberg code
R2QTEN
Reuters code
.TFTR2QTENU
Type
Net Total Return
Website
www.ftse.com/products/indices/russell-us

Fund updates

Performance

Source: Lipper.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Aug 2021

    CumulativeFundBenchmark
    1 month2.242.26
    6 months5.535.68
    Year to date17.8818.11
    3 years36.4137.18
    5 years94.4696.24
    Since launch267.92-
    AnnualisedFundBenchmark
    1 year49.40-
    3 years10.8911.10
    5 years14.2214.43
    Since launch10.59-

    As at 30 Jun 2021

    CumulativeFundBenchmark
    Quarterly4.604.71
    Year to date18.2718.43
    3 years45.0645.91
    5 years110.29112.09
    Since launch269.13-
    AnnualisedFundBenchmark
    1 year62.6362.97
    3 years13.1913.41
    5 years16.0216.22
    Since launch10.77-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

    Rolling 12-month performance to last quarter end (%)

    12 months to 30 June 2017 2018 2019 2020 2021
    Fund24.0616.86-3.97-7.1262.63
    Benchmark24.0917.13-3.70-7.0262.97

    Calendar year performance (%)

    2016 2017 2018 2019 2020
    Fund20.7814.10-11.6324.7519.37
    Benchmark20.7814.21-11.3525.0019.50

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund49.4010.8914.2210.59
    Benchmark-11.1014.43-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund62.6313.1916.0210.77
    Benchmark62.9713.4116.22-

    Performance for the USD Accumulating ETF class in USD, listed on 25 September 2008. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.

    Past performance is not a guide to the future.

    Portfolio

    As at 31 Aug 2021. All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding.

    The breakdowns below relate to the Index.

    Sector (%)

    Health Care20.4
    Financials15.8
    Industrials14.6
    Information Technology14.2
    Consumer Discretionary12.0
    Real Estate7.0
    Energy3.7
    Materials3.7
    Consumer Staples3.6
    Other5.2

    Currency (%)

    USD100.0
    Top 10 constituents4.9
    Rest of Index95.1
    No. of constituents in Index1,155

    Top 10 constituents (%)

    Crocs0.7
    Blueprint Medicines0.6
    Moelis & Company0.5
    BJ's Wholesale Club Holdings0.5
    STAAR Surgical0.5
    Digital Turbine0.4
    Halozyme0.4
    Artisan Partners Asset Management0.4
    Houlihan Lokey0.4
    Cannae Holdings0.4

    Country (%)

    United States95.3
    Bermuda1.6
    Canada0.8
    United Kingdom0.7
    Ireland0.5
    Cayman Islands0.4
    Puerto Rico0.3
    British Virgin Islands0.1
    Luxembourg0.1
    Other0.3

    Investment Manager

    GO ETF Solutions LLP is the investment manager for this ETF and is responsible for its day-to-day investment management decisions. The team is highly experienced with respect to all aspects relating to the management of an ETF portfolio, including collateral management, OTC swap trading, adherence to UCITS regulations and counterparty exposure and monitoring.

    Literature

    Marketing documents

    Prices

    Name
    USD Acc
    Currency
    USD
    NAV
    99.14
    Price time
    16:00 EST (NY)

    Further details

    Charges

    TER
    0.30%

    Management / administration

    Issuer
    Legal & General UCITS ETF Plc
    Depositary and Trustee
    The Bank of New York Mellon SA/NV, Dublin Branch
    Securities regulator
    Central Bank of Ireland

    Country registration

    This share class is registered for sale in the following countries:

    Listings

    Details
    Codes
    ExchangeCurrencyTickerListing dateISINBloomberg codeReuters codeTrading hours (local)
    London Stock ExchangeGBPRTWP06/11/2008IE00B3CNHJ55RTWP LNRTWP.L08:00 - 16:30
    London Stock ExchangeUSDRTWO25/09/2008IE00B3CNHJ55RTWO LNRTWO.L08:00 - 16:30
    Borsa ItalianaEURRTWO29/01/2009IE00B3CNHJ55RTWO IMRTWO.MI09:00 - 17:30
    Deutsche BörseEURETLZ04/12/2008IE00B3CNHJ55ETLZ GYETLZ.DE09:00 - 17:30
    EuronextEURRTWO15/09/2008IE00B3CNHJ55RTWO NARTWO.AS09:00 - 17:30

    Key risks

    The value of an investment and any income taken from it is not guaranteed and can go down as well as up. You may not get back the amount you originally invested.

    Past performance is not a guide to the future.

    An investment in the ETF involves a significant degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain their own independent accounting, tax and legal advice and should consult their own professional advisers to ascertain the suitability of the ETF as an investment.

    Market trading in commodity futures contracts can be extremely “volatile”. This means that the prices of the futures contracts comprised in the Index may fluctuate rapidly based on numerous factors, including supply and demand relationships, weather, agriculture, trade, economic or political events, technological developments, interest rates and governmental policies.

    If a swap counterparty is no longer willing or able to continue entering into swaps with the ETF, the ETF will not be able to continue tracking the Index.

    If a swap counterparty increases the cost of entering into swaps with the ETF, the ETF’s performance will be negatively impacted.

    Third party service providers (such as swap counterparties or the ETF’s depositary) may go bankrupt and fail to pay money due to the ETF or return property belonging to the ETF.

    If the Index provider stops calculating the Index or if the ETF’s license to track the Index is terminated, the ETF may have to be closed.

    It may not always be possible to buy and sell ETF shares on a stock exchange or at prices closely reflecting the NAV.

    There is no capital guarantee or protection on the value of the ETF. Investors can lose all the capital invested in the ETF.

    Please refer to the “Risk Factors” section of the Issuer’s Prospectus and the Fund Supplement.

    For more information, please refer to the key investor information document.

    Important information

    In the United Kingdom and outside the European Economic Area, it is issued by Legal & General Investment Management Limited, authorised and regulated by the Financial Conduct Authority, No. 119272. Registered in England and Wales No. 02091894 with registered office at One Coleman Street, London, EC2R 5AA.

    In the European Economic Area, it is issued by LGIM Managers (Europe) Limited, authorised by the Central Bank of Ireland as a UCITS management company (pursuant to European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (S.I. No. 352 of 2011), as amended) and as an alternative investment fund manager with “top up” permissions which enable the firm to carry out certain additional MiFID investment services (pursuant to the European Union (Alternative Investment Fund Managers) Regulations 2013 (S.I. No. 257 of 2013), as amended). Registered in Ireland with the Companies Registration Office (No. 609677). Registered Office: 70 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Regulated by the Central Bank of Ireland (No. C173733).

    LGIM Managers (Europe) Limited operates a branch network in the European Economic Area, which is subject to supervision by the Central Bank of Ireland. In Italy, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Commissione Nazionale per le società e la Borsa (“CONSOB”) and is registered with Banca d’Italia (no. 23978.0) with registered office at Via Uberto Visconti di Modrone, 15, 20122 Milan, (Companies’ Register no. MI - 2557936). In Germany, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the German Federal Financial Supervisory Authority (“BaFin”). In the Netherlands, the branch office of LGIM Managers (Europe) Limited is subject to limited supervision by the Dutch Authority for the Financial Markets (“AFM“) and it is included in the register held by the AFM and registered with the trade register of the Chamber of Commerce under number 74481231. Details about the full extent of our relevant authorisations and permissions are available from us upon request.

    We are a member of the Irish Funds Association.

    All features described on this website are those current at the time of publication and may be changed in the future. Nothing on this website should be construed as advice and it is therefore not a recommendation to buy or sell securities. If in doubt about the suitability of this product, you should seek professional advice. Copies of the prospectus, key investor information document, annual and semi-annual reports & accounts are available free of charge on request or at www.lgimetf.com.

    This website is only directed at investors resident in jurisdictions where our funds are registered for sale. It is not an offer or invitation to persons outside of those jurisdictions. We reserve the right to reject any applications from outside of such jurisdictions.

    Source and third party data

    Source: Unless otherwise indicated all data contained on this website is sourced from Legal & General Investment Management Limited.

    Where this document contains third party data ('Third Party Data’), we cannot guarantee the accuracy, completeness or reliability of such Third Party Data and accept no responsibility or liability whatsoever in respect of such Third Party Data

    Index disclaimer

    The Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index (the “Index”) is a trademark of Frank Russell Company (“Russell”) and has been licensed for use by the L&G Russell 2000 US Small Cap Quality UCITS ETF (the “ETF”). The ETF is not in any way sponsored, endorsed, sold or promoted by Russell or the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the Index (upon which the ETF is based), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the ETF. None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to Legal & General UCITS ETF Plc or to its investors. The Index is calculated by Russell or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein.

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