ETF (UCITS compliant)

L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF

GBP Accumulating ETF Class
ISIN
TER
NAV£3.68
As at2 Oct 2023

Fund facts

Fund size*
£15.3m
Base currency
GBP
Listing date
18 Jun 2009
Domicile
Ireland
Index ticker
TUKXI2G
Replication method
Synthetic - unfunded swap backed by collateral

Statistics

*As at 02 Oct 2023

Fund aim

The L&G FTSE 100® Super Short Strategy (Daily 2x) UCITS ETF (the "ETF") is an exchange traded fund that aims to track the performance of the FTSE 100® Daily Super Short Strategy Index (the "Index").

  • Potential for magnified losses

Potential losses in leveraged products (such as this ETF) are significantly magnified in comparison to investments that do not incorporate leverage.

  • Leveraged exposure

For periods of longer than one day, the return of the Index is not the same as the return of the Underlying Index multiplied by a factor of 2. This is because the x2 leverage factor is reset on a daily basis (i.e. the x2 leverage factor is applied to the performance of the Underlying Index on each day).
The daily reset has a “compounding effect” which means that, the more volatile the performance of the Underlying Index, the more the performance of the Index (and therefore the ETF) will deviate from the performance of the Underlying Index (multiplied by a leverage factor of 2) over a given period of time.
Accordingly, this ETF may not be a suitable investment for periods of longer than one day.

FTSE 100® Daily Super Short Strategy Index

The FTSE 100® Daily Super Short Strategy Index (the "Index") is a leveraged inverse index. The daily percentage change in the level of the Index is intended to reflect twice the daily percentage change in the level of the FTSE 100® Total Return Declared Dividend Index (the “Underlying Index”) on an inverse basis plus an implied amount reflecting the interest accruing on the cash proceeds earned from the sale of the Underlying Index portfolio (the “Interest Rate”) less an implied amount reflecting the cost of borrowing the Underlying Index portfolio so as to create the leveraged exposure (the “Borrowing Cost”).

The Underlying Index is comprised of the 100 largest companies (determined by reference to the total market value of a company’s shares) which are publically traded in the UK. Each company is weighted according to the total market value of the proportion of its shares that are freely tradable by the public (i.e. not subject to any restrictions or fixed ownership).

In tracking the Index, the ETF is exposed on each day to an inverse multiple (by a factor of 2) of that day’s movement in the value of the Underlying Index as adjusted to reflect the Interest Rate and Borrowing Cost built into the Index and charges and expenses applied to the ETF. As the Index rebalances daily, the ETF may not be a suitable investment for periods of longer than one day.

Index data

Provider
FTSE
Bloomberg code
TUKXI2G
Reuters code
.FTUKXI2
Type
Net Total Return
Website
www.ftse.com

Fund updates

Performance

Source: Lipper.

Performance for the GBP Accumulating ETF class in GBP, listed on 18 June 2009. 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 month6.036.16
    6 months9.9610.76
    Year to date-1.28-0.38
    3 years-53.68-52.12
    5 years-53.12-50.74
    Since launch-96.56-
    AnnualisedFundBenchmark
    1 year-6.89-5.60
    3 years-22.63-21.77
    5 years-14.05-13.20
    Since launch--

    Benchmark: FTSE 100® Daily Super Short Strategy Index TR

    Share class launch date: 18 Jun 2009

    As at 30 Jun 2023

    CumulativeFundBenchmark
    Quarterly2.913.23
    Year to date-3.12-2.50
    3 years-53.07-51.56
    5 years-52.53-50.17
    Since launch-96.63-
    AnnualisedFundBenchmark
    1 year-13.42-12.28
    3 years-22.29-21.46
    5 years-13.84-13.00
    Since launch--

    Benchmark: FTSE 100® Daily Super Short Strategy Index TR

    Share class launch date: 18 Jun 2009

    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    FundBenchmark
    2014-24.98-23.12
    2015-6.09-4.70
    2016-18.35-17.48
    2017-29.50-28.76
    2018-18.49-17.68
    2019-6.37-5.58
    20208.048.94
    2021-34.39-33.84
    2022-17.39-16.53
    2023-13.42-12.28

    Calendar year performance (%)

    FundBenchmark
    2013-34.25-32.44
    2014-6.40-4.41
    2015-6.16-5.16
    2016-35.42-34.73
    2017-22.44-21.66
    201814.7215.84
    2019-29.64-29.08
    2020-1.41-0.59
    2021-32.83-32.19
    2022-13.39-12.36

    Monthly performance (%)

     

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-6.89-22.63-14.05-
    Benchmark-5.60-21.77-13.20-

    Data as at 31.08.2023

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund-13.42-22.29-13.84-
    Benchmark-12.28-21.46-13.00-

    Data as at 30.06.2023

    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): 0.00397 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.
    Scenario di stressWhat you might get back after costs3309.970
    Rendimento medio per ciascun anno (%)-96,71-57,03
    Scenario sfavorevoleWhat you might get back after costs5.1609.990
    Rendimento medio per ciascun anno (%)-48,40-19,18
    Scenario moderatoWhat you might get back after costs8.4909.990
    Rendimento medio per ciascun anno (%)-15,07-15,95
    Scenario favorevoleWhat you might get back after costs12.83010.000
    Rendimento medio per ciascun anno (%)28,27-8,80

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

    Unfavourable Scenario: This type of scenario occurred for an investment between 2020-10-09 to 2020-10-12

    Moderate Scenario: This type of scenario occurred for an investment between 2015-08-05 to 2015-08-06

    Favourable Scenario: This type of scenario occurred for an investment between 2020-10-12 to 2020-10-13

    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 Underlying Index.

    Sector (%)

    Consumer Staples18.2
    Financials17.9
    Energy13.1
    Health Care11.9
    Industrials11.6
    Materials10.7
    Consumer Discretionary7.3
    Utilities4.0
    Communication Services2.8
    Other2.6

    Currency (%)

    GBP100.0
    Top 10 constituents48.1
    Rest of Underlying Index51.9
    No. of constituents in Underlying Index100

    Top 10 constituents (%)

    Shell8.7
    AstraZeneca8.3
    HSBC6.1
    Unilever5.3
    BP4.4
    Diageo3.8
    British American Tobacco3.1
    GSK2.9
    Rio Tinto2.8
    Glencore2.8

    Country (%)

    United Kingdom91.4
    Ireland3.8
    Jersey3.2
    Isle Of Man0.4
    Spain0.3
    Luxembourg0.3
    Guernsey0.2
    Switzerland0.2
    Bermuda0.2

    Investment Manager

    Legal & General Investment Management Limited is the investment manager for this ETF and is responsible for its day-to-day investment management decisions. The team is highly experienced with respect to all aspects relating to the management of an ETF portfolio, including collateral management, OTC swap trading, adherence to UCITS regulations and counterparty exposure and monitoring.

    Literature

    Key literature

    Fact sheet (Italian)
    31 Aug 2023
    KID
    18 May 2023
    KID (Italian)
    31 Jan 2023
    Prospectus
    23 Feb 2022
    First Addendum to Prospectus
    28 Nov 2022
    Fund supplement
    23 Feb 2022

    Fact sheets

    2023Change date
    Fact sheet
    Choose share class

    Marketing documents

    ETF product list (Italian)
    01 Sep 2022

    Legal documents

    KID
    18 May 2023
    KID (Italian)
    31 Jan 2023
    Prospectus
    23 Feb 2022
    First Addendum to Prospectus
    28 Nov 2022
    Fund schedule supplement
    28 Nov 2022
    Fund supplement
    23 Feb 2022
    MiFID II EMT Costs and Charges
    31 Aug 2023
    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

    Trading information

    Dealing day calendar
    28 Sep 2023
    Best execution & order handling policy
    01 Feb 2022
    Dealing deadlines
    27 Sep 2023
    Fund valuation points
    27 Sep 2023
    iNav codes summary
    27 Sep 2023

    Shareholder notices

    2022Change date
    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
    Change of Investment Manager
    14 Oct 2021
    Results of Scheme Meeting and EGM
    27 Feb 2020
    Notice of AGM
    15 Nov 2022
    Notice of AGM
    09 Nov 2021
    Notice of AGM
    05 Nov 2020
    Notice of EGM
    04 Feb 2020
    Results of AGM
    08 Dec 2022
    Results of AGM
    03 Dec 2021
    Results of AGM
    03 Dec 2020
    Results of AGM
    31 Dec 2019
    Legal Notice
    03 Mar 2020

    Prices

    Name
    GBP Acc
    Currency
    GBP
    NAV
    3.68
    Price time
    16:30 (UK)

    Further details

    Charges

    TER
    0.60%

    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 ExchangeGBPSUK215/06/2009IE00B4QNK008SUK2 LNSUK2.L08:00 - 16:30

    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.

    General investment risks: An investment in this ETF involves a significant degree of risk. Any decision to invest should be based on the information contained in the key investor information document and the prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETF as an investment to their own circumstances.

    Potential losses in leveraged products (such as this ETF) are significantly magnified in comparison to investments that do not incorporate leverage.

    For periods of longer than one day, the return of the Index is not the same as the inverse return of the Underlying Index multiplied by a factor of 2. This is because the x2 leverage factor is reset on a daily basis (i.e. the x2 leverage factor is applied to the inverse performance of the Underlying Index on each day). The daily reset has a “compounding effect” which means that, the more volatile the performance of the Underlying Index, the more the performance of the Index (and therefore the ETF) will deviate from the inverse performance of the Underlying Index (multiplied by a leverage factor of 2) over a given period of time.

    If a swap counterparty is no longer willing or able to continue entering into swaps with the ETF, the ETF will not be able to continue tracking the Index.

    If a swap counterparty increases the cost of entering into swaps with the ETF, the ETF’s performance will be negatively impacted.

    Third party service providers (such as swap counterparties or the ETF’s depositary) may go bankrupt and fail to pay money due to the ETF or return property belonging to the ETF.

    If the Index provider stops calculating the Index or if the ETF’s license to track the Index is terminated, the ETF may have to be closed.

    It may not always be possible to buy and sell ETF shares on a stock exchange or at prices closely reflecting the NAV.

    There is no capital guarantee or protection on the value of the ETF. Investors can lose all the capital invested in the ETF.

    Per maggiori informazioni si rimanda al documento contenente le informazioni chiave per gli investitori disponibile.

    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 FTSE 100® Super Short Strategy (Daily 2x) UCITS ETF (the “ETF”) is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”) or the London Stock Exchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to (i) the results to be obtained from the use of the FTSE 100® Daily Super Short Strategy Index (the “Index”) (upon which the ETF is based), (ii) the figure at which the Index is said to stand at any particular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the ETF.

    None of the Licensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to Legal & General UCITS ETF Plc or to its investors. The Index is calculated by FTSE or its agent. None of the Licensor Parties shall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein.

    All rights in the Index vest in FTSE. “FTSE®” is a trade mark of LSEG and is used by FTSE under licence.

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