ETF (UCITS compliant)

L&G Clean Water UCITS ETF

Fund facts

Fund size*
$402.3m
Base currency
USD
Listing date
2 Jul 2019
Domicile
Ireland
Index ticker
SOLWATR
Replication method
Physical - full replication

Statistics

*As at 28 Sep 2023

Fund aim

The L&G Clean Water UCITS ETF (the "ETF") aims to track the performance of the Solactive Clean Water Index NTR (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 the global clean water industry

  • Leveraging industry expertise

An index tracking investment strategy that is supported by a team of clean water experts

  • Does it have a sustainable objective?

The Fund has a sustainable investment objective as it invests in companies which (i) contribute to environmental objectives, (ii) do not significantly harm any environmental or social objectives, and (iii) follow good governance practices. Further information can be found in the Fund Supplement.

Further details

Charges and tax

TER
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
ExchangeCurrencyTickerListing dateISINBloombergReutersTrading hours (local)
London Stock ExchangeGBPGLGG02/07/2019IE00BK5BC891GLGG LNGLGG.L08:00 - 16:30
London Stock ExchangeUSDGLUG02/07/2019IE00BK5BC891GLUG LNGLUG.L08:00 - 16:30
Borsa ItalianaEURGLUG10/09/2019IE00BK5BC891GLUG IMLGGLUG.MI09:00 - 17:30
Deutsche Börse XetraEURXMLC10/09/2019IE00BK5BC891XMLC GYGLUG.DE09:00 - 17:30
SIX Swiss ExchangeCHFGLUG05/06/2020IE00BK5BC891GLUG SWGLUG.S09:00 - 17:30
Bolsa MexicanaMXNGLUG17/07/2023IE00BK5BC891GLUGN MMGLUGN.MX09:00 - 17:30

Solactive Clean Water Index NTR

The Index aims to track the performance of a basket of stocks of companies that are actively engaged in the international clean water industry through the provision of technological, digital, engineering, utility and/or other services.

The Index is comprised of companies which are publically traded on various stock exchanges around the world that are either i) companies determined to have expertise in "Utilities" with a minimum Water Revenue Share of 90%, or ii) companies determined to have expertise in "Engineering" with a minimum Water Revenue Share of 50% or iii) companies determined to have expertise in "Technology" or "Digital" and a minimum Water Revenue Share of 10%. A company is only eligible for inclusion in the index if (1) it is of 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). Moreover, the Index excludes companies: (a) engaged in pure coal mining; (b) involved in the production of controversial weapons; or (c) that, for a continuous period of three years, have been classified as being in breach of at least one of the UN Global Compact principles, which is a set of globally accepted standards on human rights, labour, environment and corruption.

The universe of companies out of which the Index selection is made is refreshed annually in March. However, the Index is reconstituted semi-annually in March and September 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 exceed 15% of the index, the weights of all companies are adjusted so that they are again equally weighted within the Index.

Index data

Provider
Solactive
Bloomberg code
SOLWATR
Reuters code
.SOLWATR
Type
Net Total Return
Website
www.solactive.com

Performance

Source: Lipper.

Performance for the USD Accumulating ETF class in USD, listed on 02 July 2019. 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 31 Aug 2023

    CumulativeFundBenchmark
    1 month-3.31-3.30
    6 months4.024.22
    Year to date11.8912.19
    3 years37.4639.20
    5 years--
    Since launch55.3757.93
    AnnualisedFundBenchmark
    1 year15.5716.21
    3 years11.1911.65
    5 years--
    Since launch-11.53

    As at 30 Jun 2023

    CumulativeFundBenchmark
    Quarterly4.854.97
    Year to date12.1912.41
    3 years50.1452.06
    5 years--
    Since launch55.7858.25
    AnnualisedFundBenchmark
    1 year20.3721.09
    3 years14.5114.99
    5 years--
    Since launch-12.10
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    FundBenchmark
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    20202.242.53
    202153.1753.62
    2022-18.57-18.26
    202320.3721.09

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    202019.3819.73
    202126.3826.84
    2022-18.34-17.96

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund15.5711.19--
    Benchmark16.2111.65-11.53

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund20.3714.51--
    Benchmark21.0914.99-12.10

    Portfolio

    As at 31 Aug 2023. All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding.

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

    Sector (%)

    Industrials56.8
    Utilities22.4
    Information Technology12.7
    Materials4.3
    Consumer Staples2.1
    Health Care1.7

    Currency (%)

    USD70.3
    GBP8.7
    EUR7.6
    JPY6.6
    CHF3.8
    HKD3.1
    Top 10 constituents28.7
    Rest of Index71.3
    No. of constituents in Index52

    Top 10 constituents (%)

    Xylem4.3
    Advanced Drainage Systems3.1
    Core & Main2.9
    Badger Meter2.9
    Zurn Elkay Water Solutions2.8
    Pentair2.7
    Itron2.6
    Bentley2.5
    Sabesp2.5
    Energy Recovery2.5

    Country (%)

    United States63.1
    United Kingdom8.7
    Japan6.6
    Finland5.4
    Switzerland3.8
    Ireland2.7
    Jersey2.4
    Canada2.1
    Bermuda2.1
    Other3.3

    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-related Disclosures

    SFDR categorisation: Article 9Article 9: These funds have a sustainable investment objective

    Environmental characteristics
    Social characteristics

    The sustainable investment objective of the Fund is to provide exposure to the global clean water industry. The Fund is passively managed and seeks to achieve its investment objective by tracking the  performance of the Solactive Clean Water Index NTR (the “Index”). The Index is a reference benchmark that has been designated for the purpose of attaining the sustainable investment objective of the Fund.

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

    Battery Value-Chain Theme
    Clean Water Theme

    The Index is comprised of companies that are actively engaged in the international clean water industry through the provision of technological, digital, engineering, utility and/or other services. In order to ensure that the Index is comprised of companies which are actively engaged in the global clean water industry and which seek to contribute to the purification and treatment of water, thereby helping to reduce pollution and waste of water, minimise emission of chemicals, reduce the percentage of untreated wastewater and promote sustainable management of water resources and ecosystems and sanitisation, the Index Provider considers the following list of environmental factors when selecting Index constituents: Companies engaged in the international water sector, as provided by an independent third party data provider, are eligible for inclusion into the Index. The Index includes companies that (a) have expertise in providing certain services in areas such as, but not limited to, “technology”, “digital”, “utility”, and/or “engineering” for the global clean water industry (“Water Related Services”); and (b) derive a certain proportion of revenue from the provision of Water Related Services.

    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

    The Fund does not invest a minimum amount in economic activities that qualify as environmentally sustainable under the Taxonomy Regulation.

    Sustainable Investments

    The Fund will invest at least 90% of its portfolio in investments that qualify as sustainable, all of which provide direct exposure to investee companies. The Fund will invest at least 90% of its portfolio in environmentally sustainable investments and at least 0% of its portfolio in socially sustainable investments. The actual level of environmentally and socially sustainable investments held by the Fund will always equate to at least the minimum proportion of sustainable investments of the portfolio outlined above. Some of the sustainable investments may be considered to contribute to both environmental and social objectives. The remaining portion of investments are not used to meet the sustainable investment objective.

    Further information on LGIM's Sustainable Investment Methodology can be found here.

    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

    Prices

    Name
    USD Acc
    Currency
    USD
    NAV
    14.27
    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.

    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 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 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 the Company, 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.