L&G Global Small Cap Equity Index Fund
ICAV (UCITS compliant)
L&G Global Small Cap Equity Index Fund
I-Class EUR (Unhedged) Accumulation
ISINIE00BDZTSY26
Price
ISINIE00BDZTSY26
Price
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 ex Selected Securities A Index (the "Index").
Fund snapshot
- 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.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.
Fund facts
| Fund size | $567.5m |
| Base currency | USD |
| Fund launch date | 8 Jun 2017 |
| Domicile | Ireland |
| Share class launch | 9 Apr 2018 |
Benchmark
MSCI World Small Cap ex Selected Securities A Index
Costs
| 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% |
Performance
Performance scenarios
Example investment:10,000 EUR
| Scenarios | 1 year | (Recommended holding period) 5 years | |
|---|---|---|---|
| Minimum | There is no minimum guaranteed return. You could lose some or all of your investment. | ||
| Stress scenario | What you might get back after costs | 2,790EUR | 4,500EUR |
| Average return each year (%) | -72.09 | -14.78 | |
| Unfavourable scenario | What you might get back after costs | 7,930EUR | 11,780EUR |
| Average return each year (%) | -20.65 | 3.33 | |
| Moderate scenario | What you might get back after costs | 10,840EUR | 17,260EUR |
| Average return each year (%) | 8.40 | 11.54 | |
| Favourable scenario | What you might get back after costs | 16,890EUR | 20,810EUR |
| Average return each year (%) | 68.92 | 15.78 | |
There is no minimum guaranteed return. You could lose some or all of your investment.
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 1.7% |
|---|---|
| Rest of portfolio | 98.3% |
| No. of holdings in fund | 4,312 |
|---|---|
| No. of holdings in index | 4,169 |
Top 10 holdings (%)
| Nutanix A | 0.2 |
| Lincoln Electric Holdings | 0.2 |
| Pure Storage A | 0.2 |
| Williams-Sonoma | 0.2 |
| Saia | 0.2 |
| Renaissancere Holdings | 0.2 |
| Topbuild | 0.2 |
| Reinsurance Group of America | 0.2 |
| Performance Food Group Co | 0.2 |
| United States Steel | 0.2 |
Sector (%)
Industrials | 20.0 |
Financials | 15.1 |
Consumer Discretionary | 13.2 |
Information Technology | 11.2 |
Health Care | 9.9 |
Real Estate | 8.2 |
Materials | 7.2 |
Energy | 4.8 |
Consumer Staples | 4.7 |
Other | 5.6 |
| Top 10 holdings | 1.7% |
|---|---|
| Rest of portfolio | 98.3% |
| No. of holdings in fund | 4,312 |
|---|---|
| No. of holdings in index | 4,169 |
Top 10 holdings (%)
| Nutanix A | 0.2 |
| Lincoln Electric Holdings | 0.2 |
| Pure Storage A | 0.2 |
| Williams-Sonoma | 0.2 |
| Saia | 0.2 |
| Renaissancere Holdings | 0.2 |
| Topbuild | 0.2 |
| Reinsurance Group of America | 0.2 |
| Performance Food Group Co | 0.2 |
| United States Steel | 0.2 |
Sector (%)
Industrials | 20.0 |
Financials | 15.1 |
Consumer Discretionary | 13.2 |
Information Technology | 11.2 |
Health Care | 9.9 |
Real Estate | 8.2 |
Materials | 7.2 |
Energy | 4.8 |
Consumer Staples | 4.7 |
Other | 5.6 |
Country (%)
United States | 60.2 |
Japan | 12.4 |
United Kingdom | 5.4 |
Canada | 3.7 |
Australia | 3.4 |
Sweden | 2.1 |
Germany | 1.7 |
Switzerland | 1.7 |
France | 1.5 |
Other | 8.0 |
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.
Fund managers
LGIM Index Fund 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.
Sustainability
SFDR categorisation
Article 8
Environmental characteristics
Social characteristicsThe Fund promotes the above-mentioned characteristics by tracking the MSCI World Small Cap ex Selected Securities A Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Environmental characteristicsSocial characteristicsThe Fund promotes the above-mentioned characteristics by tracking the MSCI World Small Cap ex Selected Securities A Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Through tracking the Index, the Fund seeks to implement the Investment Manager’s “Responsible Investment Framework” which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by the Investment Manager.
The Responsible Investment Framework sets out the various types of investment strategies that the Investment Manager’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
By tracking the Index, the Fund follows the sustainability-related investment strategy as described below:
The Index is designed to reduce exposure to companies that demonstrate poor environmental, social and governance (“ESG”) efforts. The Index excludes investments on LGIM’s Future World Protection List and additionally excludes companies that are deemed to be ESG laggards. The remaining companies are subsequently re-scaled to 100% in a sector and country neutral manner.
LGIM’s Future World Protection List
LGIM’s Climate Impact Pledge
LGIM ESG Laggards MethodologyTaxonomySustainable Investments
Principal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | IE00BDZTSY26 |
| SEDOL | BDZTSY2 |
| Bloomberg | LGGSIEA ID |
| MEX | - |
| Benchmark Bloomberg | NCUDWI |
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:
