ETF (UCITS compliant)

L&G Europe ESG Exclusions Paris Aligned UCITS ETF

L&G Europe ESG Exclusions Paris Aligned UCITS ETF

This ETF seeks to fulfil Paris aligned (PAB) requirements through a unique and straightforward exclusionary approach, while offering competitive pricing.

Download fund range profile

Fund facts

Fund size*
€97.3m
Base currency
EUR
Listing date
17 Sep 2019
Domicile
Ireland
Index ticker
FXBYSCEU
Replication method
Physical - optimised

Statistics

*As at 03 Feb 2023

Fund aim

The L&G Europe ESG Exclusions Paris Aligned UCITS ETF (the “Fund”) aims to track the performance of the Foxberry Sustainability Consensus Europe Total Return Index (the “Index”).

  • The L&G Europe ESG Exclusions Paris Aligned UCITS ETF aims to provide low carbon emission exposure to small, mid and large cap equity markets in Europe.
  • 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 Supplement.

Further details

Charges and tax

TER
0.16%
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 dateISINBloomberg codeReuters codeTrading hours (local)
London Stock ExchangeEURRIEU17/09/2019IE00BKLTRN76RIEU LNRIEU.L08:00 - 16:30
London Stock ExchangeGBPRIEG17/09/2019IE00BKLTRN76RIEG LNRIEG.L08:00 - 16:30
Borsa ItalianaEURRIEU19/11/2019IE00BKLTRN76RIEU IMRIEU.MI09:00 - 17:30
Deutsche Börse XetraEURDELF27/01/2020DE000A2PWZC9DELF GYRIEU.DE09:00 - 17:30

Foxberry Sustainability Consensus Europe Total Return Index

The Foxberry Sustainability Consensus Europe Total Return Index is designed to provide low carbon emission exposure to small, mid and large cap equity markets in Europe.

Index data

Provider
Foxberry
Bloomberg code
FXBYSCEU
Reuters code
.FXBYSCEU
Type
Net Total Return
Website
www.foxberry.com

Performance

Source: Lipper.

Performance for the EUR Accumulating ETF class in EUR, listed on 17 September 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 Dec 2022

    CumulativeFundBenchmark
    1 month-3.31-3.30
    6 months4.104.13
    Year to date-13.30-13.42
    3 years8.758.79
    5 years--
    Since launch21.1721.30
    AnnualisedFundBenchmark
    1 year-13.30-13.42
    3 years2.832.85
    5 years--
    Since launch-5.95

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly9.199.24
    Year to date-13.30-13.42
    3 years8.758.79
    5 years--
    Since launch21.1721.30
    AnnualisedFundBenchmark
    1 year-13.30-13.42
    3 years2.832.85
    5 years--
    Since launch-5.95
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    20200.360.62
    202124.9724.88
    2022-13.30-13.42

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    20200.360.62
    202124.9724.88
    2022-13.30-13.42

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-13.302.83--
    Benchmark-13.422.85-5.95

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-13.302.83--
    Benchmark-13.422.85-5.95

    Performance scenario

    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 with input from the 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 costs1,640.001,160.00
    Average return each year (%)-83.64-34.95
    Unfavourable scenarioWhat you might get back after costs8,660.009,020.00
    Average return each year (%)-13.37-2.05
    Moderate scenarioWhat you might get back after costs10,950.0013,620.00
    Average return each year (%)9.496.37
    Favourable scenarioWhat you might get back after costs14,090.0017,370.00
    Average return each year (%)40.9311.67

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

    Unfavourable Scenario: This type of scenario occurred for an investment between 2012-2022.
    Moderate Scenario: This type of scenario occurred for an investment between 2012-2022.
    Favourable Scenario: This type of scenario occurred for an investment between 2012-2022.

    Portfolio

    As at 31 Dec 2022. 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 (%)

    Financials20.1
    Health Care18.3
    Industrials14.2
    Consumer Staples13.5
    Consumer Discretionary10.7
    Information Technology8.6
    Materials6.4
    Communication Services3.9
    Utilities2.8
    Real Estate1.7

    Currency (%)

    EUR50.7
    GBP20.4
    CHF17.7
    DKK5.1
    SEK5.1
    NOK0.7
    PLN0.3
    Top 10 constituents24.2
    Rest of Index75.8
    No. of constituents in Index510

    Top 10 constituents (%)

    Nestle4.0
    Roche2.7
    ASML2.7
    Novo Nordisk2.6
    AstraZeneca2.5
    Novartis2.3
    Lvmh Moet-Hennessy2.3
    Linde2.0
    Unilever1.6
    HSBC1.5

    Country (%)

    United Kingdom19.6
    Switzerland17.7
    France16.2
    Germany11.7
    Netherlands8.6
    Denmark5.1
    Sweden5.1
    Spain4.1
    Ireland3.3
    Other8.6

    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 9Article 9: These funds have a sustainable investment objective

    Environmental characteristics
    Social characteristics

    The sustainable investment objective of the Fund is to provide low carbon emission exposure to the small, mid and large-cap equity market in Europe. The Fund seeks to achieve its investment objective by tracking the performance of the Foxberry Sustainability Consensus Europe Total Return Index (the “Index”). The Index is constructed to meet the minimum requirements of the EU Paris-aligned Benchmark Regulations (Regulation EU 2019/2089) (the “PAB Regulation”). 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
    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

    The Index is designed to meet the requirements set out for EU Paris-aligned Benchmarks in the Commission Delegated Regulation (EU) 2020/1818 supplementing Regulation (EU) 2016/1011 of the European Parliament and European Council with regards to the minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks in order to be designated as an EU Paris-aligned Benchmark.

    The Index applies the following exclusions:

    Exclusion Guidelines based on the requirements under the PAB Regulation:

    • companies involved in any activities related to controversial weapons;
    • companies involved in the cultivation and production of tobacco;
    • companies in violation of the United Nations Global Compact (UNGC) principles or the OECD guidelines for multinational enterprises;
    • companies deriving a percentage of their revenues in excess of the threshold determined by the Index Provider from any of the following activities:
      • exploration, mining, extraction, distribution or refining of hard coal and lignite;
      • exploration, extraction, distribution or refining of fossil fuels;
      • exploration, extraction, manufacturing or distribution of gaseous fuels;
      • electricity generation with a greenhouse gas ("GHG") intensity in excess of a level determined by the Index Provider.

    Additional Exclusion Guidelines:

    • companies deriving revenue from the mining of thermal coal and its sale to external parties;
    • companies deriving revenue from unconventional oil and gas;
    • companies with material stranded assets;
    • companies deriving a percentage of their revenues from environmentally harmful activities (as determined by the Index methodology document), in excess of the threshold determined by the Index Provider;
    • companies not conforming to minimum standards of business practice as determined by the Index Provider.

    The Sustainability Committee constructs the list of stocks that are not excluded by the Exclusion Guidelines such that they follow the required decarbonisation trajectory (i.e. a minimum annual reduction in emissions). In addition, a weighting adjustment is applied in order to ensure that the aggregate weight of sectors that should actively reduce GHG emissions should not be less than the aggregate weight of these sectors in the Underlying Universe.

    The Index Provider, Foxberry Ltd, determines the constituents of the Index. Further information on the index methodology can be found at: https://www.foxberry.com/about/sustainability_committee and https://www.foxberry.com/governance/sustainability_committee/Foxberry_Sustainability_Committee.pdf

    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
    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 is a financial product subject to Article 9(3) of SFDR with an objective of low carbon emission exposure in view of achieving the long-term global warming objectives of the Paris Agreement (“Paris-aligned Objective”). Whilst the Fund does not commit to a minimum proportion of its portfolio in sustainable investments, it is expected to have a higher proportion of sustainable investments than the broad market index which does not have a Paris-aligned Objective.

    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 1: GHG emissions
    • PAI 2: Carbon footprint
    • PAI 3: GHG intensity of companies
    • 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 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.

    Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been 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 may 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.

    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 Europe Equity (Responsible Exclusions) UCITS ETF (the “ETF”) is not sponsored, promoted, sold or supported in any other manner by Foxberry Limited or Solactive AG (the “Index Parties”), nor do the Index Parties offer any express or implicit guarantee or assurance either with regard to the results of using the Foxberry Sustainability Consensus Europe Total Return Index (the “Index”) and/or Index trademark or the Index price at any time or in any other respect. The Index is calculated and published by Solactive AG. The Index Parties use their best efforts to ensure that the Index is calculated correctly. Irrespective of their obligations towards the Company, the Index Parties have 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. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trademark by Foxberry Limited for the purpose of use in connection with the ETF constitutes a recommendation by the Index Parties to invest capital in the ETF nor does it in any way represent an assurance or opinion of the Index Parties with regard to any investment in the ETF.