Fund facts

Fund size*

$918.1m
Base currency
USD
Listing date
23 Jan 2018
Domicile
Ireland
Index ticker
SOLBATT
Replication method
Physical - full replication

Statistics

*As at 31 Mar 2023

Fund aim

The L&G Battery Value-Chain UCITS ETF (the “ETF”) aims to track the performance of the Solactive Battery Value-Chain 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 battery technology

Leveraging industry expertise

An index tracking investment strategy that is supported by a team of battery technology experts

Does it promote sustainability characteristics?

The Fund promotes a range of environmental 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.

Further details

Charges and taxTER
0.49%
ISA eligible
Yes
SIPP eligible
Yes
UK Fund Reporting Status
Yes

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

Exchange	Currency	Ticker	Listing date	ISIN	Bloomberg code	Reuters code	Trading hours (local)

Details

Codes

Exchange	Currency	Ticker	Listing date	ISIN	Bloomberg code	Reuters code	Trading hours (local)
London Stock Exchange	GBP	BATG	23/01/2018	IE00BF0M2Z96	BATG LN	BATG.L	08:00 - 16:30
London Stock Exchange	USD	BATT	23/01/2018	IE00BF0M2Z96	BATT LN	BATT.L	08:00 - 16:30
Borsa Italiana	EUR	BATT	19/02/2018	IE00BF0M2Z96	BATT IM	BATT.MI	09:00 - 17:30
Deutsche Börse Xetra	EUR	BATE	06/02/2018	IE00BF0M2Z96	BATE GY	ECBATE.DE	09:00 - 17:30
Euronext Amsterdam	EUR	BATT	01/02/2018	IE00BF0M2Z96	BATT NA	BATT.AS	09:00 - 17:30
SIX Swiss Exchange	CHF	BATT	05/06/2020	IE00BF0M2Z96	BATT SW	BATT.S	09:00 - 17:30
Bolsa Mexicana	MXN	BATT	21/07/2022	IE00BF0M2Z96	BATT MM	BATT.MX	09:00 - 17:30

Solactive Battery Value-Chain Index

The Index aims to track the performance of a basket of stocks of companies that are providers of certain electro-chemical energy storage technologies and mining companies that produce metals used to manufacture batteries.

The Index is comprised of companies which are publically traded on various stock exchanges around the world that are either (i) mining companies that produce metals that are primarily used for manufacturing batteries or (ii) companies that develop electro-chemical energy storage technology (i.e. battery technology) and produce batteries. A “battery” is a device consisting of one or more electro-chemical cells that are capable of generating electrical energy from chemical reactions. A company is only eligible for inclusion in the Index if (1) it is of a sufficient size (determined by reference to the total market value of the proportion of its shares that are publically traded) and (2) it is sufficiently “liquid” (a measure of how actively its shares are traded on a daily basis).

The universe of companies out of which the Index selection is made is refreshed annually in May. However, the Index is reconstituted semi-annually in May and November in accordance with the full selection criteria and all companies are equally weighted within the Index. On a monthly basis, the weight of each company is assessed and, if any of them exceeds 15% of the Index, the weights of all companies are adjusted so that they are again equally weighted within the Index.

Index dataProvider
Solactive
Bloomberg code
SOLBATT
Reuters code
.SOLBATT
Type
Net Total Return
Website
www.solactive.com

Fund updates

Performance

Source: Lipper.

Performance for the ETF class in GBP, listed on 23 January 2018. 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 for the USD Accumulating ETF class in USD, listed on 23 January 2018. 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.

Performance (%)

Change

Performance summary (%)

To month-end
To quarter-end

As at 28 Feb 2023

Cumulative	Fund	Benchmark
1 month	-2.05	-2.04
6 months	9.93	10.13
Year to date	11.19	11.27
3 years	111.78	113.28
5 years	89.10	91.49
Since launch	77.95	-

Annualised	Fund	Benchmark
1 year	2.29	2.40
3 years	28.42	28.72
5 years	13.58	13.87
Since launch	-	-

As at 31 Dec 2022

Cumulative	Fund	Benchmark
Quarterly	9.12	9.21
Year to date	-14.01	-13.92
3 years	78.96	80.37
5 years	-	-
Since launch	60.04	62.06

Annualised	Fund	Benchmark
1 year	-14.01	-13.92
3 years	21.39	21.70
5 years	-	-
Since launch	-	10.24

Rolling 12-month performance

Calendar year performance

Monthly performance

Annualised performance

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

	Fund	Benchmark
2013	-	-
2014	-	-
2015	-	-
2016	-	-
2017	-	-
2018	-	-
2019	17.74	17.89
2020	79.49	80.75
2021	15.95	15.93
2022	-14.01	-13.92

12 months to 31 December	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Fund	-	-	-	-	-	-	17.74	79.49	15.95	-14.01
Benchmark	-	-	-	-	-	-	17.89	80.75	15.93	-13.92

Calendar year performance (%)

	Fund	Benchmark
2013	-	-
2014	-	-
2015	-	-
2016	-	-
2017	-	-
2018	-	-
2019	17.74	17.89
2020	79.49	80.75
2021	15.95	15.93
2022	-14.01	-13.92

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
Fund	-	-	-	-	-	-	17.74	79.49	15.95	-14.01
Benchmark	-	-	-	-	-	-	17.89	80.75	15.93	-13.92

Monthly performance (%)

To month-end
To quarter-end

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	2.29	28.42	13.58	-
Benchmark	2.40	28.72	13.87	-

Annualised performance (%)

	1 year	3 years	5 years	Since launch
Fund	-14.01	21.39	-	-
Benchmark	-13.92	21.70	-	10.24

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): Example Investment £10,000

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

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

Scenarios		If you exit after 1 year	If you exit after RHP
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	171.14	84.12
Stress scenario	Average return each year (%)	-98.29	-61.54
Unfavourable scenario	What you might get back after costs	7,885.06	7,885.06
Unfavourable scenario	Average return each year (%)	-21.15	-4.64
Moderate scenario	What you might get back after costs	11,383.07	19,714.61
Moderate scenario	Average return each year (%)	13.83	14.54
Favourable scenario	What you might get back after costs	24,393.83	30,555.65
Favourable scenario	Average return each year (%)	143.94	25.03

There is no data currently available for this share class.

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 2015-09-30 to 2020-09-30

Favourable Scenario: This type of scenario occurred for an investment between 2016-02-29 to 2021-02-28

Portfolio

As at 28 Feb 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 (%)

	Consumer Discretionary	40.3
	Industrials	24.7
	Information Technology	17.4
	Materials	15.8
	Communication Services	1.8

JPY	24.7
EUR	23.0
USD	18.3
AUD	10.6
KRW	10.6
CHF	4.5
TWD	4.2
HKD	4.0

	Top 10 constituents	48.0
	Rest of Index	52.0

No. of constituents in Index

Top 10 constituents (%)

Renault	5.6
SolarEdge	5.5
Enersys	5.2
BMW	5.0
Mercedes-Benz	4.9
ABB	4.5
Mineral Resources	4.4
Nissan	4.4
Sumitomo Electric Industries	4.4
Delta Electronics	4.2

Country (%)

	Japan	24.7
	United States	18.3
	Germany	13.8
	Australia	10.6
	Korea	10.6
	France	7.4
	Switzerland	4.5
	Taiwan	4.2
	China	4.0
	Netherlands	1.9

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

Download SFDR Product Summary

Environmental and social characteristics
ESG investment strategy
Sustainability preferences

Environmental characteristics

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

Avoiding investments in certain fossil fuels;
Support of clean technologies;
Support of renewable energy; and
Support of better practices in energy consumption (or usage)

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 Solactive Battery Value-Chain 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

The Index includes companies that:

possess their own battery technology which is deployed in energy storage projects worldwide in order to address the issue of renewable energy intermittency, as determined by reference to a database of large-scale worldwide energy storage projects. This technology supports the adoption of renewable electricity; and
produce battery-grade lithium which is used to manufacture such batteries.

A “battery” is a device consisting of one or more electro-chemical cells that are capable of generating electrical energy from chemical reactions.

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

The Index excludes companies which:

are non-compliant with the UN Global Compact,
are associated with a controversy (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),
are involved in the production or retail of tobacco, or are a related product/service,
are involved in military contracting weapons or related products,
are directly involved or indirectly involved through corporate ownership, in controversial weapons,
are involved in the retail or distribution of small arms to civilians (assault and non-assault weapons) and military/law enforcement customers, as well as key components of small arms,
are involved in thermal coal extraction, power generation or supporting products/services,
are involved in the generation, production of conventional oil and gas, or supporting products/services,
are involved in oil sands extraction, arctic oil & gas exploration/extraction or shale energy extraction,
are involved in the production, retail or related services/products of alcohol,
are involved in the operations, specialized equipment or supporting products/services of gambling, and
are involved in the production or distribution of adult entertainment.

Such exclusions and the definition of “involvement” are determined by the Index provider by reference to the “ESG Exclusions Index" which is found at: https://solactive.com/downloads/Guideline-Solactive-ESG-Exclusions-Index.pdf

Solactive ESG Enhanced Exclusions

Nasdaq ESG Exclusions

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

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 14: Controversial weapons

Literature

Key literature

First Addendum to Prospectus

Fact sheets

2023Change date

Marketing documents

Legal documents

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

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

Reportable income

2022Change date

Trading information

Dealing day calendar

28 Mar 2023

Best execution & order handling policy

01 Feb 2022

Dealing deadlines

06 Feb 2023

Fund valuation points

21 Oct 2022

iNav codes summary

21 Oct 2022

Shareholder notices

2022Change date

Legal Notice

03 Mar 2020

Change of Investment Manager

Results of Scheme Meeting and EGM

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

17.91

Price time

16:00 EST (NY)

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 use of patents, copyrights and trade secret laws may not be adequate to prevent the misappropriation of a company’s battery technology. Companies may also face competition from companies with more advanced and/or cheaper battery technology. The emergence of new battery technologies that are not dependent on lithium production could reduce the revenues of lithium mining companies. All such companies are also vulnerable to general slowdowns in world economic growth and government intervention and/or regulation. The foregoing factors could lead to a decline in the value of the companies represented in the Index and therefore the ETF.

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 L&G Battery Value-Chain UCITS ETF (the “ETF”) is not sponsored, promoted, sold or supported by Solactive AG. Nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index price, at any time or in any other respect.

The Solactive Battery Value-Chain Index (the “Index”) is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards Legal & General UCITS ETF Plc, Solactive AG has no obligation to point out errors in the Index to third parties including, but not limited to, investors and/or financial intermediaries of the ETF. Solactive AG does not guarantee the accuracy and/or the completeness of the Index or any related data, and shall not have any liability for any errors, omissions or interruptions therein.

Neither publication of the Index by Solactive AG, nor the licensing of the Index or Index trade mark, for the purpose of use in connection with the ETF, constitutes a recommendation by Solactive AG to invest capital in said ETF nor does it, in any way, represent an assurance or opinion of Solactive AG with regard to any investment in this ETF. In no event shall Solactive AG have any liability for any lost profits or indirect, punitive, special or consequential damages or losses, even if notified of the possibility thereof.

L&G Battery Value-Chain UCITS ETF

Fund facts

Statistics

Fund aim

Fund snapshot

Further details

Charges and tax

Management / administration

Country registration

Listings

Solactive Battery Value-Chain Index

Index data

Fund updates

Performance

Performance summary (%)

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

Calendar year performance (%)

Monthly performance (%)

Annualised performance (%)

Annualised performance (%)

Performance scenarios

Recommended holding period (RHP): Example Investment £10,000

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

Portfolio

Sector (%)

Currency (%)

Top 10 constituents (%)

Country (%)

Investment Manager

Sustainability

Literature

Key literature

Fact sheets

Marketing documents

Legal documents

Execution venues

Reports and accounts

Reportable income

Trading information

Shareholder notices

Prices

Key risks

Important information

Source and third party data

Index disclaimer