ETF (UCITS compliant)

L&G Artificial Intelligence UCITS ETF

Fund facts

Fund size*
$283.1m
Base currency
USD
Listing date
2 Jul 2019
Domicile
Ireland
Index ticker
THNQTR
Replication method
Physical - full replication

Statistics

*As at 03 Feb 2023

Fund aim

The L&G Artificial Intelligence UCITS ETF (the "ETF") aims to track the performance of the ROBO Global® Artificial Intelligence Index TR (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 artificial intelligence technology industry

  • Leveraging industry expertise

An index tracking investment strategy that is supported by a team of artificial intelligence technology 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.

ROBO Global® Artificial Intelligence Index TR

The Index aims to track the performance of a basket of companies that have a distinct portion of their business and revenue derived from the field of Artificial Intelligence, and the potential to grow within this space through innovation and/or market adoption of their products and/or services.

The index is comprised of companies which are publicly traded on various stock exchanges around the world that are exposed to the "Artificial Intelligence" theme as defined by ROBO Global®. ROBO Global® created and maintains a unique database of companies across the globe that have a portion of their business and revenue associated with Artificial Intelligence and enabling technologies. The ROBO Global® Industry Classification currently identifies 11 subsectors of the Artificial Intelligence theme that present a suitable level of product and technology maturity to carry high growth and returns potential.

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, companies are weighted according a modified AI-factor weighting scheme. The Index is rebalanced quarterly in March, June, September and December.

Index data

Provider
ROBO Global®
Bloomberg code
THNQTR
Reuters code
.THNQTR
Type
Total Return
Website
https://www.roboglobal.com/robo-global-indices/thnq-index/

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 Dec 2022

    CumulativeFundBenchmark
    1 month-5.43-5.39
    6 months-0.33-0.10
    Year to date-39.38-39.15
    3 years11.1612.57
    5 years--
    Since launch19.8221.69
    AnnualisedFundBenchmark
    1 year-39.38-39.15
    3 years3.594.02
    5 years--
    Since launch-5.74

    As at 31 Dec 2022

    CumulativeFundBenchmark
    Quarterly4.004.14
    Year to date-39.38-39.15
    3 years11.1612.57
    5 years--
    Since launch19.8221.69
    AnnualisedFundBenchmark
    1 year-39.38-39.15
    3 years3.594.02
    5 years--
    Since launch-5.74
    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--
    202067.4368.18
    20219.5310.00
    2022-39.38-39.15

    Calendar year performance (%)

    FundBenchmark
    2013--
    2014--
    2015--
    2016--
    2017--
    2018--
    2019--
    202067.4368.18
    20219.5310.00
    2022-39.38-39.15

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-39.383.59--
    Benchmark-39.154.02-5.74

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-39.383.59--
    Benchmark-39.154.02-5.74

    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 costs840.00480.00
    Average return each year (%)-91.57-45.58
    Unfavourable scenarioWhat you might get back after costs6,170.006,170.00
    Average return each year (%)-38.26-9.19
    Moderate scenarioWhat you might get back after costs12,310.0032,110.00
    Average return each year (%)23.1326.28
    Favourable scenarioWhat you might get back after costs19,380.0055,080.00
    Average return each year (%)93.8140.67

    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 (%)

    Information Technology74.8
    Consumer Discretionary10.3
    Communication Services5.7
    Health Care5.5
    Industrials2.9
    Financials0.9

    Currency (%)

    USD90.2
    TWD4.2
    EUR2.9
    HKD1.2
    GBP1.0
    CNY0.4
    Top 10 constituents18.5
    Rest of Index81.5
    No. of constituents in Index68

    Top 10 constituents (%)

    Alteryx2.2
    MongoDB1.9
    Rapid71.8
    Analog Devices1.8
    Splunk1.8
    Ambarella1.8
    Varonis Systems1.8
    FICO1.8
    Microsoft1.8
    Alibaba Group1.8

    Country (%)

    United States81.7
    Taiwan4.2
    Cayman Islands3.1
    Israel2.7
    France1.6
    Ireland1.4
    Canada1.3
    Germany1.3
    Luxembourg1.3
    Other1.4

    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 ROBO Global Artificial Intelligence Index TR (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

    The Index excludes investments in companies that fail to adhere to the ROBO Global ESG Policy. Following critical observations, the Index provider excludes companies that it believes do significant harm to environmental, social, and governance objectives. Each issuer within the investment universe of the Index is evaluated for the following metrics: i) the ESG risks that companies are exposed to and the risks that their activities could result in principal adverse impacts on sustainability factors, ii) the alignment of companies with international norms and standards, including the UN Global Compact principles, iii) involvement in harmful activities such as weapons and arms, tobacco, thermal coal-related activities, unconventional and conventional oil and gas-related activities, power generation and animal testing, and iv) economic activities contributing to the theme.

    The Index Provider evaluates ESG factors using a combination of internal research, regular interaction with index member companies, as well as support from leading ESG research providers to ensure they comply with all aspects of the ROBO Global ESG Policy. The data used to construct the index is sourced from external data providers.

    Further information can be found on the ROBO Global® LLC website at: https://www.roboglobal.com/esg-policy/

    Solactive ESG Exclusions
    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

    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 14: Controversial weapons

    Literature

    Prices

    Name
    USD Acc
    Currency
    USD
    NAV
    13.96
    Price time
    16:00 EST (NY)

    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 dateISINBloomberg codeReuters codeTrading hours (local)
    London Stock ExchangeGBPAIAG02/07/2019IE00BK5BCD43AIAG LNAIAG.L08:00 - 16:30
    London Stock ExchangeUSDAIAI02/07/2019IE00BK5BCD43AIAI LNLGAIAI.L08:00 - 16:30
    Borsa ItalianaEURAIAI10/09/2019IE00BK5BCD43AIAI IMLGAIAI.MI09:00 - 17:30
    Deutsche Börse XetraEURXMLD10/09/2019IE00BK5BCD43XMLD GYAIAG.DE09:00 - 17:30
    SIX Swiss ExchangeCHFAIAI05/06/2020IE00BK5BCD43AIAI SWAIAIR.S09:00 - 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.

    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 Artificial Intelligence UCITS ETF (the “ETF”) is not sponsored, promoted, sold or supported in any other manner by ROBO Global LLC 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 ROBO Global® Artificial Intelligence Index TR  (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 ROBO Global LLC 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.