ETFs

ETF (UCITS compliant)

L&G Digital Payments UCITS ETF

An investment strategy focused on the growth potential of digital payment technologies and the global transition to a cashless economy.

ISINIE00BF92J153

Price

TER0.49%

Fund aim

The L&G Digital Payments UCITS ETF (the "ETF") aims to track the performance of the Solactive Digital Payments Index NTR (the “Index”).

Fund snapshot

  • Long-term allocation

Long-term megatrend that we believe is radically transforming the way we make payments

  • High growth potential

Aims to capture the outsized growth potential of global digital payments

  • Leveraging industry expertise

An index tracking investment strategy that is supported by a team of payments 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.

Fund facts

Fund size$18.4m
Base currencyUSD
Fund launch date27 May 2021
DomicileIreland
Share class launch25 May 2021
Replication methodPhysical - full replication
ISA eligibleYes
SIPP eligibleYes
UK Fund Reporting statusYes
As at 13 Feb 2024

Benchmark

Solactive Digital Payments Index

Index description

Solactive Digital Payments Index NTR

The Index is designed to provide exposure to equity securities of global companies that are actively engaged in the digital payments ecosystem. The digital payments ecosystem consists of the card payment and the cardless open-banking payment ecosystems.

The index universe encompasses companies that are actively engaged in the value-chain of digital payments, which includes payment acquirer, card issuers, payment gateways, payment processors, payment technology providers, and cardless payment service providers.

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 that are publically traded) and it is sufficiently "liquid" (a measure of how actively its shares are traded on a daily basis). Moreover, the Index excludes certain companies: (a) that derive substantial revenues from 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 semi-annually in June and December. All constituents of the Index are equally weighted within the Index subject to certain liquidity based weight caps made to ensure that securities with lower liquidity are not overly represented in 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 subject to liquidity constraints within the Index.

Index data

ProviderSolactive
Bloomberg codeSOLDPAY
Reuters code.SOLDPAY
TypeNet Total Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 25 May 2021. 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.
Share class launch date:25 May 2021
Benchmark:Solactive Digital Payments Index NTR
Share class launch date:25 May 2021
Benchmark:Solactive Digital Payments Index NTR
    Share class launch date:25 May 2021
    Benchmark:Solactive Digital Payments Index NTR

    Portfolio breakdown

    Top 10 constituents29.3%
    Rest of Index70.7%
    No. of constituents in Index40

    Top 10 constituents (%)

    Nuvei3.1
    Block3.0
    Discover Financial Services3.0
    PagSeguro3.0
    Lightspeed3.0
    StoneCo2.9
    Q2 Holdings2.9
    GMO Payment Gateway2.9
    Green Dot2.8
    ACI Worldwide2.7

    Sector (%)

    Financials
    78.5
    Information Technology
    21.5

    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.

    Fund managers

    LGIM Index Fund Management Team headshot

    LGIM Index Fund Management Team

    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.

    Sustainability

    SFDR categorisation

    Environmental characteristics
    Social characteristics

    The Fund promotes the above-mentioned characteristics by tracking the Solactive Digital Payments Index NTR (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.

    Literature

    Prices

    Pricing information

    Price time16:00 EST (NY)
    CurrencyUSD
    Monthly price history

    Download full price history

    Listings and codes

    Listings

    ExchangeCurrencyTickerISINBloombergReutersListing dateTrading hours (local)
    London Stock Exchange
    GBPDPAGIE00BF92J153DPAG LNDPAG.L27/05/202108:00 - 16:30
    London Stock Exchange
    USDDPAYIE00BF92J153DPAY LNDPAY.L27/05/202108:00 - 16:30
    Borsa Italiana
    EURDPAYIE00BF92J153DPAY IMDPAY.MI27/05/202109:00 - 17:30
    Deutsche Börse Xetra
    EURDPGAIE00BF92J153DPGA GYDPGA.DE27/05/202109:00 - 17:30
    SIX Swiss Exchange
    CHFDPAYIE00BF92J153DPAY SWDPAY.S17/11/202109:00 - 17:30

    Codes

    ISINIE00BF92J153
    SEDOL-
    BloombergDPAY
    MEX-

    Dealing information

    IssuerLegal & General UCITS ETF Plc
    Depositary and TrusteeThe Bank of New York Mellon SA/NV, Dublin Branch
    Securities regulatorCentral Bank of Ireland

    Country registration

    This share class is registered for sale in the following countries:

    Austria
    Denmark
    Finland
    France
    Germany
    Ireland
    Italy
    Luxembourg
    Netherlands
    Norway
    Singapore*
    Spain
    Sweden
    Switzerland
    United Kingdom

    *The Fund is on the list of restricted collective investment schemes, but is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the Shares cannot be offered or marketed to retail clients.