ETF (UCITS compliant)

L&G Cyber Security UCITS ETF

USD Accumulating ETF Class
ISIN
TER
NAV$20.29
As at1 Jun 2023

Fund facts

Fund size*
$2482.1m
Base currency
USD
Listing date
28 Sep 2015
Domicile
Ireland
Index ticker
HURNTR
Replication method
Physical - full replication

Statistics

*As at 01 Jun 2023

Fund aim

The L&G Cyber Security UCITS ETF (the "ETF") aims to track the performance of the ISE Cyber Security® UCITS Index (the "Index").

  • Long-term allocation

Long-term megatrend that we believe is radically transforming the way we live and work

  • High growth potential

Aims to capture the outsized growth potential of cyber security products and services

  • Leveraging industry expertise

An index tracking investment strategy that is supported by a team of cyber security experts

  • Does it promote sustainability characteristics?

The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement

ISE Cyber Security® UCITS Index

The Index aims to track the performance of a basket of stocks of companies that are actively engaged in providing cyber security technology and services.

The Index is comprised of companies which are publically traded on various stock exchanges around the world that generate a material proportion of their revenues from the cyber security industry. The industry is deemed to be comprised of companies in the following two subsectors: (1) Infrastructure Providers that develop hardware and software for safeguarding internal and external access to files, websites and networks; and (2) Service Providers that provide consulting and secure cyber-based services.

A company is only eligible for inclusion in the Index if it is of a sufficient size (determined by reference to the total market value of its shares) and it is sufficiently “liquid” (a measure of how actively its shares are traded on a daily basis).

Within the Index, the weights allocated to the Infrastructure Provider and Service Provider subsectors are determined by reference to the relative size of each sector (i.e. the total market value of the shares of all companies within each subsector). Initially, the companies are equally weighted within each subsector. However, an adjustment to the weights is made if any company falls short of a liquidity test that is applied to each company individually.

Index data

Provider
Nasdaq Global Indexes
Bloomberg code
HURNTR
Reuters code
.HURNTR
Type
Net Total Return
Website
indexes.nasdaqomx.com/

Fund updates

Performance

Source: Lipper.

Performance for the USD Accumulating ETF class in USD, listed on 28 September 2015. 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 reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Apr 2023

    CumulativeFundBenchmark
    1 month-7.31-7.24
    6 months-6.65-6.29
    Year to date4.895.18
    3 years13.9918.15
    5 years34.1240.89
    Since launch--
    AnnualisedFundBenchmark
    1 year-17.47-16.80
    3 years4.465.72
    5 years6.047.09
    Since launch--

    Benchmark: ISE Cyber Security® UCITS Index NR

    Share class launch date: 28 Sep 2015

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly-4.78-4.58
    Year to date-31.70-30.62
    3 years4.067.46
    5 years47.5755.18
    Since launch--
    AnnualisedFundBenchmark
    1 year-31.70-30.62
    3 years1.332.43
    5 years8.099.18
    Since launch--

    Benchmark: ISE Cyber Security® UCITS Index NR

    Share class launch date: 28 Sep 2015

    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    FundBenchmark
    2014--
    2015--
    2016--
    201726.2526.94
    2018-19.97
    201917.1317.99
    2020-6.25-5.67
    202159.2760.41
    20227.148.80
    2023-20.52-19.54

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016-1.08-0.71
    201723.4024.19
    20189.1210.08
    201929.9631.18
    202042.0142.53
    20217.288.67
    2022-31.70-30.62

    Monthly performance (%)

     

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-17.474.466.04-
    Benchmark-16.805.727.09-

    Data as at 30.04.2023

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-31.701.338.09-
    Benchmark-30.622.439.18-

    Data as at 31.12.2022

    Performance scenarios

    The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

    What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.

    The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future.

    Recommended holding period (RHP): 5 yearsExample Investment $10,000

    ScenariosIf you exit after 1 yearIf you exit after RHP
    MinimumThere is no minimum guaranteed return. You could lose some or all of your investment.
    Stress scenarioWhat you might get back after costs1,607.641,457.89
    Average return each year (%)-83.92-31.96
    Unfavourable scenarioWhat you might get back after costs8,363.928,363.92
    Average return each year (%)-16.36-3.51
    Moderate scenarioWhat you might get back after costs11,949.9923,643.55
    Average return each year (%)19.5018.78
    Favourable scenarioWhat you might get back after costs15,401.0830,715.48
    Average return each year (%)54.0125.16

    The stress scenario shows what you might get back in extreme market circumstances.

    Unfavourable Scenario: This type of scenario occurred for an investment between 2021-06-30 to 2022-06-30

    Moderate Scenario: This type of scenario occurred for an investment between 2016-09-30 to 2021-09-30

    Favourable Scenario: This type of scenario occurred for an investment between 2016-01-31 to 2021-01-31

    Portfolio

    As at 30 Apr 2023. All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding.

    The breakdowns below relate to the Index. The ETF’s portfolio may deviate from the below.

    Sector (%)

    Information Technology94.0
    Communication Services4.3
    Industrials1.7

    Currency (%)

    USD81.9
    GBP5.7
    JPY5.7
    CAD4.8
    KRW1.0
    EUR1.0
    Top 10 constituents44.7
    Rest of Index55.3
    No. of constituents in Index41

    Top 10 constituents (%)

    Darktrace4.8
    Akamai Technologies4.8
    Gen Digital Inc4.7
    Trend Micro4.5
    Sentinelone4.5
    Check Point Software Technologies4.5
    NetScout Systems4.3
    Fortinet4.3
    Ziff Davis4.3
    Palo Alto Networks4.2

    Country (%)

    United States70.9
    Israel11.0
    United Kingdom5.7
    Japan5.7
    Canada4.8
    Korea1.0
    France1.0

    Investment Manager

    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

    Sustainability

    SFDR categorisation: Article 8Article 8: These funds promote environmental and/or social characteristics

    Environmental characteristics

    The Fund promotes the following environmental characteristics related to climate change:

    • Avoiding investments in certain fossil fuels, and
    • Support of renewable energy.
    Social characteristics

    The Fund promotes the following social characteristics relating to social norms and standards:

    • Human rights, labour rights and anti-corruption as set out in the principles of the UN Global Compact; and
    • Avoiding the financing of controversial weapons.

    The Fund promotes the above-mentioned characteristics by tracking the ISE Cyber Security® UCITS Index Net Total Return (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.

    The Fund follows the following sustainability-related investment strategy by tracking the Index that applies:

    Battery Value-Chain Theme
    Clean Water Theme
    Clean Energy Theme
    Hydrogen Economy Theme
    Healthcare Breakthrough Theme
    Pharma Breakthrough Theme
    Green Bonds
    RAFI ESG Score
    RAFI Exclusions
    Solactive PAB Optimisation
    Solactive Exclusions
    Net Zero
    SDG Alignment
    Carbon Emissions Intensity Target
    LGIM ESG Score
    LGIM's Future World Protection List
    LGIM's Climate Impact Pledge
    Foxberry Paris Aligned
    MSCI Exclusions
    MSCI ESG Score
    JPM Exclusions
    JPM ESG Score
    Additional Exclusions
    ESG Factor Evaluation
    Decarbonisation
    LGIM Coal Policy
    LGIM Controversial Weapons
    J.P. Morgan ESG Exclusions
    J.P. Morgan ESG Score
    FTSE ESG Exclusions
    ROBO Global ESG Policy
    Solactive ESG Exclusions
    Solactive ESG Enhanced Exclusions
    Nasdaq ESG Exclusions

    The Index that excludes companies that are:

    • determined by the data provider to have been involved in severe controversies (i.e. companies that have been involved in events that have a severe impact on the environment and society, posing serious business risks to the company),
    • non-compliant with the United Nations Global Compact principles, are/or
    • generate a certain level of their revenues from harmful industries, including but not limited to controversial weapons, civilian firearms, small arms, military contracting, tobacco products, thermal coal, oil sands, shale energy, arctic oil and gas extractions, as determined by the index provider’s methodology.

    Such exclusions and the definition of “involvement” are determined by reference to the Index methodology published by Nasdaq, Inc at: https://indexes.nasdaqomx.com/Index/Overview/HUR.

    Stoxx Exclusions
    Taxonomy

    While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR. Accordingly, it should be noted that the investments underlying the Fund do not take into account the EU criteria for environmentally sustainable economic activities within the meaning of the Taxonomy Regulation.

    Sustainable Investments

    While the Fund promotes environmental and social characteristics within the meaning of Article 8 of the SFDR, it does not currently commit to investing in any “sustainable investments” within the meaning of the SFDR.

    Principal Adverse Impacts

    The Fund considers principal adverse impacts on sustainability factors and LGIM has identified a subset of the adverse sustainability indicators that are relevant to the Fund’s investments. The Fund considers principal adverse impacts, identified using the below listed sustainability indicators, through the implementation of the Fund’s ESG investment strategy.

    • PAI 4: Exposure to fossil fuel companies
    • PAI 5: Share of non-renewable energy
    • PAI 10: Companies violating UNGC/OECD
    • PAI 12: Unadjusted gender pay gap
    • PAI 14: Controversial weapons

    Literature

    Key literature

    Fact sheet
    30 Apr 2023
    KID
    31 Jan 2023
    KID (Swedish)
    26 Dec 2022
    Prospectus
    23 Feb 2022
    First Addendum to Prospectus
    28 Nov 2022
    Fund supplement
    28 Nov 2022
    SFDR Product Summary
    01 Jan 2023
    SFDR Product Summary (Swedish)
    01 Jan 2023

    Fact sheets

    2023Change date
    Fact sheet
    Choose share class

    Marketing documents

    Fund brochure
    31 Dec 2022
    ETF product list
    01 Sep 2022
    Thematic ETFs performance report
    31 Mar 2023

    Legal documents

    KID
    31 Jan 2023
    KID (Swedish)
    26 Dec 2022
    Prospectus
    23 Feb 2022
    First Addendum to Prospectus
    28 Nov 2022
    Fund schedule supplement
    28 Nov 2022
    Fund supplement
    28 Nov 2022
    MiFID II EMT Costs and Charges
    28 Nov 2022
    MiFID II EPT Costs and Charges
    15 Dec 2022
    Supplementary information document
    01 Nov 2021
    Constitution
    20 Apr 2020

    ESG reports

    2022Change date
    ESG report
    31 Dec 2022
    ESG report
    30 Sep 2022
    ESG report
    30 Jun 2022
    ESG report
    31 Mar 2022
    ESG report
    31 Dec 2021

    Execution venues

    2020Change date
    Top 5 Execution Venues Report
    30 Apr 2020
    Top 5 Execution Venues Report
    30 Apr 2019
    Top 5 Execution Venues Report Data
    30 Apr 2020
    Top 5 Execution Venues Report Data
    30 Apr 2019

    Reports and accounts

    2022Change date
    Annual Report and Accounts
    30 Jun 2022
    Annual Report and Accounts
    30 Jun 2021
    Annual Report and Accounts
    30 Jun 2020
    Annual Report and Accounts
    30 Jun 2019
    Annual Report and Accounts
    30 Jun 2018
    Interim Report and Accounts
    31 Dec 2022
    Interim Report and Accounts
    31 Dec 2021
    Interim Report and Accounts
    31 Dec 2020
    Interim Report and Accounts
    31 Dec 2019
    Interim Report and Accounts
    31 Dec 2018
    Interim Report and Accounts
    31 Dec 2017

    Trading information

    Dealing day calendar
    31 May 2023
    Best execution & order handling policy
    01 Feb 2022
    Dealing deadlines
    06 Feb 2023
    Fund valuation points
    21 Oct 2022
    iNav codes summary
    16 May 2023

    Shareholder notices

    2022Change date
    Shareholder Letter
    29 Sep 2021
    Legal Notice
    03 Mar 2020
    Change of Investment Manager
    14 Oct 2021
    Results of AGM
    08 Dec 2022
    Notice of AGM
    15 Nov 2022
    Results of AGM
    03 Dec 2021
    Notice of AGM
    09 Nov 2021
    Results of AGM
    03 Dec 2020
    AGM notice
    05 Nov 2020
    Results of Scheme Meeting and EGM
    27 Feb 2020
    EGM notice
    04 Feb 2020
    Results of AGM
    31 Dec 2019
    ICSD transition announcement
    20 Apr 2020
    ICSD transition FAQs
    23 Mar 2020
    Results of Sanction Hearing
    20 Mar 2020
    Change in Management Company
    13 Mar 2020

    Prices

    Name
    USD Acc
    Currency
    USD
    NAV
    20.29
    Price time
    16:00 EST (NY)

    Further details

    Charges

    TER
    0.69%

    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 ExchangeGBPISPY28/09/2015IE00BYPLS672ISPY LNISPY.L08:00 - 16:30
    London Stock ExchangeUSDUSPY28/09/2015IE00BYPLS672USPY LNUSPY.L08:00 - 16:30
    Borsa ItalianaEURISPY17/11/2015IE00BYPLS672ISPY IMISPY.MI09:00 - 17:30
    Deutsche Börse XetraEURUSPY12/10/2015IE00BYPLS672USPY GYECUSPY.DE09:00 - 17:30
    Euronext AmsterdamEURISPY14/06/2017IE00BYPLS672ISPY NAISPY.AS09:00 - 17:30
    SIX Swiss ExchangeCHFISPY11/01/2016IE00BYPLS672ISPY SWISPY.S09:00 - 17:30
    Bolsa MexicanaMXNUSPY21/07/2022IE00BYPLS672USPY MMUSPY.MX09:00 - 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.

    The value of the shares in the ETF is directly affected by increases and decreases in the value of the Index. Accordingly the value of a share in the ETF may go up or down and a shareholder may lose some or the entire amount invested.

    The ETF's ability to closely track the Index will be affected by its ability to purchase and/or sell the Index constituents and any legal or regulatory restrictions or disruptions affecting them.

    The ETF's ability to closely track the Index will also be affected by transaction costs and taxes incurred when adjusting its investment portfolio generally and/or to mirror any periodic adjustments to the constituents of the Index. There can be no certainty that ETF shares can always be bought or sold on a stock exchange or that the market price at which the ETF shares may be traded on a stock exchange will reflect the performance of the Index.

    The ETF is subject to the risk that third party service providers (such as a bank entering into swaps with the ETF or the ETF's depositary) may go bankrupt or fail to pay money due to the ETF or return property belonging to the ETF.

    As the Index includes micro, small and medium-sized publicly traded companies, the ETF is subject to the risk that such companies may be more vulnerable to adverse business or economic events and greater and more unpredictable price changes than larger companies or the stock market as a whole.

    The ETF is subject to the risks associated with technology-focused companies that are particularly vulnerable to rapid developments in technology (which may leave their products out-of-date), government regulation and competition from domestic and foreign competitors who may have lower production costs. Such companies may also have difficulties establishing and maintaining patents, copyrights, trademarks and trade secrets relating to their products which could negatively affect their value.

    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

    Nasdaq, Inc. and its respective affiliates do not guarantee the accuracy and/or the completeness of the ISE Cyber Security® UCITS Index (the “Index”) or any data included therein and Nasdaq, Inc. and its respective affiliates shall have no liability for any errors, omissions, or interruptions therein. Nasdaq, Inc. and its respective affiliates make no warranty, express or implied, as to results to be obtained by the adviser, owners of the ETF, or any other person or entity from the use of the Index or any data included therein. Nasdaq, Inc. and its respective affiliates make no express or implied warranties, and expressly disclaim all warranties, of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Nasdaq, Inc. or its respective affiliates have any liability for any lost profits or indirect, punitive, special or consequential damages or losses, even if notified of the possibility of such damages.

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