ETFs

ETF (UCITS compliant)

L&G Russell 2000 US Small Cap Quality UCITS ETF

USD Accumulating ETF Class

ISINIE00B3CNHJ55

Price

TER0.30%

Fund aim

The L&G Russell 2000 US Small Cap Quality UCITS ETF (the “ETF”) aims to track the performance of the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index (the “Index”).

Fund snapshot

  • Sector allocation

Invest in the growth potential of US small caps

  • Diversification

Diversify a US large cap portfolio with a broad basket of 2,000 US small caps

Fund facts

Fund size$87.2m
Base currencyUSD
Fund launch date29 Aug 2008
DomicileIreland
Share class launch25 Sep 2008
Replication methodPhysical - optimised replication
As at 1 Mar 2024

Benchmark

Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index

Index description

Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index

The Index measures the performance of a basket of stocks within the small-capitalisation segment of the U.S. equity market. The Index derives its universe from the Russell 2000 Index which includes approximately 2000 of the smallest securities based on a combination of their market capitalisation and current index membership. The Index then applies a quality tilt by adjusting the market cap weight of those constituents with better quality characteristics upwards and adjusting the market cap weights of those with poorer quality characteristics downwards such the target active quality factor exposure, set at 0.4, is achieved. Securities with a weight of less than 2 basis points are removed from the Index. Quality factor is defined as a composite measure of a company’s profitability and leverage and is determined by FTSE International Limited (the “Index Administrator”) using a rules-based approach, as further described in the index methodology document.

Index data

ProviderFTSE Russell
Bloomberg codeR2QTEN
Reuters code.TFTR2QTENU
TypeNet Total Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 25 September 2008. 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 Sep 2008
Benchmark:Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index
Share class launch date:25 Sep 2008
Benchmark:Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index
    Share class launch date:25 Sep 2008
    Benchmark:Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index

    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 with input from the over the last 10 years. Markets could develop very differently in the future.

    Example investment:10,000 USD

    Scenarios1 year(Recommended holding period) 5 years
    Minimum

    There is no minimum guaranteed return. You could lose some or all of your investment.

    Stress scenario
    What you might get back after costs540USD510USD
    Average return each year (%)-94.59USD-44.86USD
    Unfavourable scenario
    What you might get back after costs7,560USD9,560USD
    Average return each year (%)-24.44USD-0.89USD
    Moderate scenario
    What you might get back after costs10,480USD13,980USD
    Average return each year (%)4.83USD6.94USD
    Favourable scenario
    What you might get back after costs19,480USD22,220USD
    Average return each year (%)94.80USD17.32USD

    Portfolio breakdown

    Top 10 constituents6.1%
    Rest of Index93.9%
    No. of constituents in Index1,050

    Top 10 constituents (%)

    Qualys0.9
    Essent Group0.7
    e.l.f. Cosmetics0.7
    Alpha Metallurgical Resources0.6
    PBF Energy0.6
    Comfort Systems USA0.6
    Rambus0.6
    Supermicro0.6
    Artisan Partners Asset Management0.5
    Lantheus0.5

    Sector (%)

    Financials
    16.3
    Industrials
    16.1
    Health Care
    15.5
    Information Technology
    13.7
    Consumer Discretionary
    11.1
    Energy
    7.1
    Real Estate
    6.1
    Materials
    4.8
    Consumer Staples
    4.1
    Other
    5.2

    All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to 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.

    Literature

    Prices

    Pricing information

    Price time16:00 EST (NY)
    CurrencyUSD
    Monthly price history
    Please note that a maximum of 10 years price history is available.

    Listings and codes

    Listings

    ExchangeCurrencyTickerISINBloombergReutersListing dateTrading hours (local)
    London Stock Exchange
    GBPRTWPIE00B3CNHJ55RTWP LNRTWP.L06/11/200808:00 - 16:30
    London Stock Exchange
    USDRTWOIE00B3CNHJ55RTWO LNRTWO.L25/09/200808:00 - 16:30
    Borsa Italiana
    EURRTWOIE00B3CNHJ55RTWO IMRTWO.MI29/01/200909:00 - 17:30
    Deutsche Börse Xetra
    EURETLZIE00B3CNHJ55ETLZ GYETLZ.DE04/12/200809:00 - 17:30
    Euronext Amsterdam
    EURRTWOIE00B3CNHJ55RTWO NARTWO.AS15/09/200809:00 - 17:30
    SIX Swiss Exchange
    USDRTWOIE00B3CNHJ55RTWO SWRTWO.S31/01/202409:00 - 17:30

    Codes

    ISINIE00B3CNHJ55
    SEDOLB3CNHJ5
    BloombergRTWO
    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
    Spain
    Sweden
    Switzerland
    United Kingdom