ETF (UCITS compliant)

L&G Cyber Security UCITS ETF

Fund facts

Fund size*
$2988.2m
Base currency
USD
Listing date
28 Sep 2015
Domicile
Ireland
Index ticker
HURNTR
Replication method
Physical - full replication

Statistics

*As at 27 Sep 2021

Fund aim

The L&G Cyber Security UCITS ETF (the "ETF") aims to track the performance of the ISE Cyber Security® UCITS Index (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 cyber security products and services

  • Leveraging industry expertise

An index tracking investment strategy that is supported by a team of cyber security 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

ISE Cyber Security® UCITS Index

The Index aims to track the performance of a basket of stocks of companies that are actively engaged in providing cyber security technology and services.

The Index is comprised of companies which are publically traded on various stock exchanges around the world that generate a material proportion of their revenues from the cyber security industry. The industry is deemed to be comprised of companies in the following two subsectors: (1) Infrastructure Providers that develop hardware and software for safeguarding internal and external access to files, websites and networks; and (2) Service Providers that provide consulting and secure cyber-based services.

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, the weights allocated to the Infrastructure Provider and Service Provider subsectors are determined by reference to the relative size of each sector (i.e. the total market value of the shares of all companies within each subsector). Initially, the companies are equally weighted within each subsector. However, an adjustment to the weights is made if any company falls short of a liquidity test that is applied to each company individually.

Index data

Provider
Nasdaq Global Indexes
Bloomberg code
HURNTR
Reuters code
.HURNTR
Type
Net Total Return
Website
indexes.nasdaqomx.com/

Fund updates

Performance

Source: Lipper.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 31 Aug 2021

    CumulativeFundBenchmark
    1 month3.173.17
    6 months14.3315.25
    Year to date12.5313.68
    3 years76.2380.69
    5 years170.23181.28
    Since launch184.39-
    AnnualisedFundBenchmark
    1 year30.11-
    3 years20.7721.78
    5 years21.9822.96
    Since launch19.28-

    As at 30 Jun 2021

    CumulativeFundBenchmark
    Quarterly10.4411.07
    Year to date7.548.48
    3 years82.8487.55
    5 years191.14202.60
    Since launch171.78-
    AnnualisedFundBenchmark
    1 year33.8635.45
    3 years22.2623.30
    5 years23.8124.77
    Since launch18.96-
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 June 2017 2018 2019 2020 2021
    Fund27.1825.2014.2219.5833.86
    Benchmark27.7226.3315.1520.2535.45

    Calendar year performance (%)

    2016 2017 2018 2019 2020
    Fund-1.0823.409.1229.9642.01
    Benchmark-0.7124.1910.0831.1842.53

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund30.1120.7721.9819.28
    Benchmark-21.7822.96-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund33.8622.2623.8118.96
    Benchmark35.4523.3024.77-

    Performance for the USD Accumulating ETF class in USD, listed on 28 September 2015. 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 guide to the future.

    Portfolio

    As at 31 Aug 2021. 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 Technology88.7
    Industrials11.3

    Currency (%)

    USD80.2
    GBP6.7
    JPY4.6
    CAD3.7
    SEK1.9
    EUR1.9
    KRW1.0
    Top 10 constituents31.3
    Rest of Index68.8
    No. of constituents in Index57

    Top 10 constituents (%)

    Fortinet3.5
    Cyberark3.4
    Palo Alto Networks3.3
    Avast3.2
    Qualys3.1
    Cloudflare3.0
    CrowdStrike3.0
    Cisco Systems3.0
    Radware3.0
    Check Point Software Technologies2.9

    Country (%)

    United States68.0
    Israel10.9
    United Kingdom8.0
    Japan4.6
    Canada3.7
    Sweden1.9
    France1.9
    Korea1.0

    Sustainability

    Sustainability disclosures

    The Sustainable Finance Disclosure Regulation (SFDR) is an EU regulation that came into force on 10 March 2021, and imposes disclosure requirements for EU financial products. These requirements include disclosing sustainability-related information for funds that (i) promote (among other characteristics) environmental or social characteristics (Article 8 products), or (ii) have a sustainable investment objective (Article 9 products), both as defined under SFDR.

    SFDR categorisation: Article 8Article 8: These funds promote environmental and/or social characteristics

    The Fund promotes a range of environmental and social characteristics as described below. These are met by tracking the Index which applies:

    Stock selection
    Carbon intensity
    Future World Protection List
    Climate Impact Pledge
    Exclusions

    Issuers are excluded from the Index based on the below criteria:

    • Companies that derive 30% or more of their revenues (as a % of balance sheet) from coal mining or extraction are excluded from the Fund.
    • Companies that are in breach of at least one of the United Nation Global Compact principles for a continuous period of three years (36 months) or more are considered persistent violators and are excluded.
    • Companies involved in controversial weapons are also excluded. These exclusions, however, did not form the rationale for the article 8 categorisation.
    Tilting
    Paris-aligned benchmark optimisation
    ESG integration

    The Index Provider, Nasdaq, Inc., determines the constituents of the Index. The Index Provider uses external data sources.

    Further information on the Index methodology can be found on the Nasdaq, Inc. website at: https://indexes.nasdaqomx.com/docs/NQGIFamilyMethodology.pdf

    The above information in respect of the Index has been derived by us from methodologies, statements and disclosures of the index provider for purposes of satisfying our disclosure requirements under SFDR. The information is, therefore, not the property of LGIM and is provided “as is” and “as available”. We seek to ensure the information in respect of the Index is up to date, however there is no guarantee or representations made as to the accuracy or completeness of the information at all times. On that basis, and to the maximum extent permitted by law, no liability is accepted by us in respect of this information.

    A description of the extent to which the environmental and social characteristics are met will likely be made available as part of the annual report published in 2022 as required by SFDR. The Fund’s most recent annual report does not include any information pursuant to SFDR.

    Pre-contractual disclosure

    The Fund promotes a range of environmental and social characteristics. The characteristics promoted by the Fund are met by tracking an Index which includes the following features: exclusion of companies engaged in pure coal mining or companies that violate the UN Global Compact principles, as determined by the index provider’s methodology. The Index is consistent with the environmental characteristics as it excludes such companies as set out in the “Index Description” section below.

    The Manager aims to ensure that the issuers of investments in which the Fund is invested follow good governance practices. This is achieved by 1) setting expectations with the issuers’ management with regard to good governance practices; 2) active engagement with the issuers; 3) utilising its voting rights; and 4) supporting policymakers and legislators to ensure a strong regulatory environment and standards. Active engagement with the issuers is used as a tool to drive progress and influence positive change and is conducted independently and in collaboration with industry peers and broader stakeholders. Engagement activities normally focus on specific material ESG issues and involve formulating an engagement strategy with regard to such issues with the aim to track and review the progress of the issuers during this process. Regular reporting on the outcomes of active engagement can be made available on request or can be found at: www.lgim.com.

    Governance practices

    The ways in which we ensure that investee companies follow good governance practices are set out below.

    Setting expectations

    A number of policies and processes guide the engagement activities, set out the approach to investment stewardship, and outline the expectations of investee companies. The Global Corporate Governance and Responsible Investment Principles set out the approach and expectations with respect to key topics that are essential for an efficient governance framework, and for building a sustainable business model. We expect all companies on a global scale to closely align with our principles which set out the fundamentals of corporate governance. We also take into account market specificities and take a tailored approach to voting on some topics in various markets. Further related policies can be found on the Investment Stewardship section of the LGIM website.

    Active engagement

    Active engagement with the companies is used as a tool to drive progress and influence positive change and is conducted independently and in collaboration with industry peers and broader stakeholders. Engagement activities normally focus on specific material ESG issues and involve formulating an engagement strategy with regard to such issues with the aim to track and review the progress of the issuers during this process.

    Voting

    LGIM apply a common global strategy with respect to the use of voting rights, and setting expectations of investee companies with regards to planning, management and disclosure of sustainability issues. These principles impact on voting decisions, and for certain themes such as climate, gender and racial diversity there are structured voting and engagement processes in place.

    Supporting policymakers and legislators

    LGIM's Investment Stewardship team actively engages with policy makers and legislators to ensure there is strong regulation and standards in regards to governance practices.

    Investment Manager

    GO ETF Solutions LLP 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

    Prices

    Name
    USD Acc
    Currency
    USD
    NAV
    25.85
    Price time
    16:00 EST (NY)

    Further details

    Charges and tax

    TER
    0.75%
    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 ExchangeGBPISPY28/09/2015IE00BYPLS672ISPY LNISPY.L08:00 - 16:30
    London Stock ExchangeUSDUSPY28/09/2015IE00BYPLS672USPY LNUSPY.L08:00 - 16:30
    Borsa ItalianaEURISPY17/11/2015IE00BYPLS672ISPY IMISPY.MI09:00 - 17:30
    Deutsche BörseEURUSPY12/10/2015IE00BYPLS672USPY GYECUSPY.DE09:00 - 17:30
    EuronextEURISPY14/06/2017IE00BYPLS672ISPY NAISPY.AS09:00 - 17:30
    SIX Swiss ExchangeCHFISPY11/01/2016IE00BYPLS672ISPY SWISPY.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.

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

    The value of the shares in the ETF is directly affected by increases and decreases in the value of the Index. Accordingly the value of a share in the ETF may go up or down and a shareholder may lose some or the entire amount invested.

    The ETF's ability to closely track the Index will be affected by its ability to purchase and/or sell the Index constituents and any legal or regulatory restrictions or disruptions affecting them.

    The ETF's ability to closely track the Index will also be affected by transaction costs and taxes incurred when adjusting its investment portfolio generally and/or to mirror any periodic adjustments to the constituents of the Index. There can be no certainty that ETF shares can always be bought or sold on a stock exchange or that the market price at which the ETF shares may be traded on a stock exchange will reflect the performance of the Index.

    The ETF is subject to the risk that third party service providers (such as a bank entering into swaps with the ETF or the ETF's depositary) may go bankrupt or fail to pay money due to the ETF or return property belonging to the ETF.

    As the Index includes micro, small and medium-sized publicly traded companies, the ETF is subject to the risk that such companies may be more vulnerable to adverse business or economic events and greater and more unpredictable price changes than larger companies or the stock market as a whole.

    The ETF is subject to the risks associated with technology-focused companies that are particularly vulnerable to rapid developments in technology (which may leave their products out-of-date), government regulation and competition from domestic and foreign competitors who may have lower production costs. Such companies may also have difficulties establishing and maintaining patents, copyrights, trademarks and trade secrets relating to their products which could negatively affect their value.

    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.

    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

    Nasdaq, Inc. and its respective affiliates do not guarantee the accuracy and/or the completeness of the ISE Cyber Security® UCITS Index (the “Index”) or any data included therein and Nasdaq, Inc. and its respective affiliates shall have no liability for any errors, omissions, or interruptions therein. Nasdaq, Inc. and its respective affiliates make no warranty, express or implied, as to results to be obtained by the adviser, owners of the ETF, or any other person or entity from the use of the Index or any data included therein. Nasdaq, Inc. and its respective affiliates make no express or implied warranties, and expressly disclaim all warranties, of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall Nasdaq, Inc. or its respective affiliates have any liability for any lost profits or indirect, punitive, special or consequential damages or losses, even if notified of the possibility of such damages.