ICAV (UCITS compliant)

L&G Global Small Cap Equity Index Fund

Given current market events we have now populated Fund Centre with Fund exposures to assets with “country of risk*” as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. Please see the exposures below for further information.

*Sourced from Bloomberg

Fund facts

Fund size
$375.8m
Base currency
USD
Launch date
8 Jun 2017
Domicile
Ireland
Share class launch

Statistics

As at 31 May 2022

Fund aim

The investment objective of the Fund is to provide investors with a return in line with the performance of the developed world small cap equity market as represented by the MSCI World Small Cap Index (USD) (the "Index").

Benchmark

MSCI World Small Cap Index USD

  • What does it invest in? Invests primarily in shares that make up the index, issued by smaller companies from developed markets. The Fund may also use derivatives.
  • How does it invest? Passively managed, aiming to replicate the performance of the index.

Russia exposure

23 Feb 2022
0.01%
29 Apr 2022
0.00%

Ukraine exposure

23 Feb 2022
0.01%
29 Apr 2022
0.01%

As at 29 Apr 2022

These numbers give indicative Fund exposures to assets with “country of risk” sourced from Bloomberg as either Russia, Ukraine, or Belarus, or exposures to Russian Rouble currency. The figures are based on early price estimated data so may differ from the fully verified month end NAV exposure. Where the holding is “indirect” (for example held in a sub-fund), best efforts have been made to ensure that exposure to the sub-fund(s) is on a consistent basis. As at dates have been chosen to reflect exposure both before and after the significant recent falls in values of impacted assets.

Exposures are presented to two decimal places, exposures may be rounded to 0 if less than 0.05%.

These exposures do not give an indication of the relative exposures versus the benchmark. With regard to index-based strategies, LGIM has a duty to track the relevant index to ensure clients receive exposure as set out in the relevant investment objective. Following the imposition of sanctions and assets being removed from indices the market was effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

Fund updates

Performance

Source: Lipper

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 May 2022

    CumulativeFundBenchmark
    1 month-1.74-1.73
    6 months-6.29-6.27
    Year to date-8.71-8.68
    3 years37.7138.31
    5 years--
    Since launch44.3645.32
    AnnualisedFundBenchmark
    1 year-1.33-
    3 years11.2411.41
    5 years--
    Since launch9.249.42

    As at 31 Mar 2022

    CumulativeFundBenchmark
    Quarterly-4.47-4.44
    Year to date-4.47-4.44
    3 years39.9040.55
    5 years--
    Since launch51.0652.08
    AnnualisedFundBenchmark
    1 year4.374.48
    3 years11.8312.00
    5 years--
    Since launch10.9011.09
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 31 March 2018 2019 2020 2021 2022
    Fund---20.6568.924.37
    Benchmark---20.5869.384.48

    Calendar year performance (%)

    2017 2018 2019 2020 2021
    Fund--28.316.2624.29
    Benchmark--28.526.3824.55

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-1.3311.24-9.24
    Benchmark-11.41-9.42

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund4.3711.83-10.90
    Benchmark4.4812.00-11.09

    Performance for the C EUR (Unhedged) Acc unit class in EUR, launched on 08 November 2021. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the C GBP (Unhedged) Acc unit class in GBP, launched on 09 March 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the C USD Acc unit class in USD, launched on 08 November 2021. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I EUR (Unhedged) Acc unit class in EUR, launched on 09 April 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I EUR (Unhedged) Inc unit class in EUR, launched on 29 November 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the I USD Acc unit class in USD, launched on 29 July 2021. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the P EUR (Unhedged) Acc unit class in EUR, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the Z EUR (Unhedged) Acc unit class in EUR, launched on 08 June 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the Z EUR (Unhedged) Inc unit class in EUR, launched on 29 November 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the Z GBP (Unhedged) Acc unit class in GBP, launched on 08 June 2017. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Performance for the Z USD Acc unit class in USD, launched on . Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.

    Past performance is not a guide to the future.

    Portfolio

    As at 31 May 2022. All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.

    Sector (%)

    Industrials18.7
    Financials14.1
    Consumer Discretionary12.0
    Information Technology11.3
    Real Estate10.2
    Health Care9.1
    Materials8.1
    Energy6.1
    Consumer Staples4.5
    Other6.0
    Top 10 holdings2.2
    Rest of portfolio97.8
    No. of holdings in fund4,476
    No. of holdings in index4,493

    Top 10 holdings (%)

    Marathon Oil0.3
    Targa Resources0.2
    Apa0.2
    Quanta Services0.2
    Eqt0.2
    Lpl Financial Holdings0.2
    Ovintiv0.2
    Carlisle Cos0.2
    Darling Ingredients0.2
    First Horizon0.2

    Country (%)

    United States59.5
    Japan10.0
    United Kingdom6.1
    Canada4.1
    Australia3.8
    Sweden2.3
    Germany1.9
    Switzerland1.7
    France1.3
    Other9.2

    Management Team

    The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.

    LGIMIndex Fund Management Team

    Literature

    Fact sheets

    2022Change date
    Fact sheet
    Choose share class

    Trading information

    Prices

    This share class is not currently pricing.
    This share class is not currently pricing.
    Name
    I EUR Acc
    Mid price
    132.49c
    Change (%)
    0.998628
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    I EUR Inc
    Mid price
    123.95c
    Change (%)
    0.994052
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    I USD Acc
    Mid price
    78.23c
    Change (%)
    0.346331
    Currency
    USD
    Price time
    22:30 Irish time
    Name
    C GBP Acc
    Mid price
    124.84p
    Change (%)
    0.63684
    Currency
    GBP
    Price time
    22:30 Irish time
    Name
    C EUR Acc
    Mid price
    81.32c
    Change (%)
    0.993542
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    C USD Acc
    Mid price
    73.88c
    Change (%)
    0.339536
    Currency
    USD
    Price time
    22:30 Irish time
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a
    Name
    Z GBP Acc
    Mid price
    89.34p
    Change (%)
    0.642109
    Currency
    GBP
    Price time
    22:30 Irish time
    Name
    Z EUR Acc
    Mid price
    135.52c
    Change (%)
    0.998659
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    Z EUR Inc
    Mid price
    124.14c
    Change (%)
    0.992515
    Currency
    EUR
    Price time
    22:30 Irish time
    Name
    n/a
    Mid price
    n/a
    Change (%)
    n/a
    Currency
    n/a
    Price time
    n/a

    Further details

    Costs

    Price basis
    Single - dilution levy
    Initial charge
    0.00%
    Ongoing charges figure
    0.30%
    Dilution levy
    0.085%- round trip
    Entry Anti-Dilution Levy
    0.05%
    Exit Anti-Dilution Levy
    0.03%

    Codes

    ISIN
    IE00BDZTSY26
    SEDOL
    BDZTSY2
    Bloomberg
    LGGSIEA ID
    MEX
    -

    Dealing information

    Valuation frequency
    Daily, 22:30 Irish time
    Dealing frequency
    Each Irish and UK Business Day
    Settlement period
    T+2
    Administrator/Custodian
    Northern Trust

    Country registration

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

    For valuations and account queries contact:

    Legal & General ICAV
    Northern Trust International Fund Administration Services (Ireland) Limited
    City East Plaza - Block A
    Towlerton
    Ballysimon Road
    Limerick
    Ireland
    V94 X2N9
    Fax: +353 1 434 5293
    Telephone: +353 1 434 5080
    Email: [email protected]

    Legal & General SICAV
    Northern Trust Global Services SE
    10 Rue du Château d'Eau
    L-3364 Leudelange
    Grand-Duché de Luxembourg
    Facsimile: +352 28 294 454
    Telephone: +352 28 294 123
    Email: [email protected]

    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 no guarantee of future results.

    The fund invests in smaller companies. Investments in smaller companies tend to be riskier than investments in larger companies because they can: be harder to buy and sell; or go up and down in value more often and by larger amounts, especially in the short term. In times of market uncertainty or if an exceptional amount of withdrawals are requested it may become less easy for your fund to sell investments and the Manager may defer withdrawals, or suspend dealing. The Manager can only delay paying out if it is in the interests of all investors and with the permission of the fund trustee or depositary.

    The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.

    Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.

    The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.

    We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.

    Important information

    This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

    No investment decisions should be made without first reviewing the key investor information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

    Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

    This information is only directed at investors resident in jurisdictions where each fund is 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.

    All information detailed on this website is current at the time of publication and may be changed in the future.

    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

    Issuer

    Issued by LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

    Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.

    Index disclaimer

    The funds shall or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Legal & General Investment Management Limited and its affiliates and any related funds.