ETF (UCITS compliant)

L&G Gold Mining UCITS ETF

Fund facts

Fund size*
$320.6m
Base currency
USD
Listing date
6 Nov 2008
Domicile
Ireland
Index ticker
DXGOLDUT
Replication method
Synthetic - unfunded swap backed by collateral

Statistics

*As at 04 Aug 2020

Fund aim

The L&G Gold Mining UCITS ETF (the "ETF") aims to track the performance of the DAXglobal® Gold Miners Index (the "Index").

  • Sector allocation

Invest in the growth potential of the gold mining sector

  • Risk-off feature

Could potentially benefit from traditional risk-off characteristics of gold

  • Leveraged exposure to gold

Gold mining companies have historically offered a leveraged exposure to the price of gold

DAXglobal® Gold Miners Index

The Index aims to track the performance of a basket of stocks of gold mining companies that generate at least 50% of their revenues from gold mining industry.

The Index is comprised of companies which are publically traded on various stock exchanges around the world that generate at least 50% of their revenues from the gold mining industry which is deemed to include exploration drilling, geological assessment, financing, development, extraction, initial refinement and delivery of gold ore.

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, each company is weighted according to its relative “liquidity” (i.e. how actively its shares are traded relative to the other companies in the Index.

Index data

Provider
Deutsche Börse
Bloomberg code
DXGOLDUT
Reuters code
.DXGOLDUT
Type
Net Total Return
Website
www.dax-indices.com

Fund updates

Performance

Source: Lipper.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Jun 2020

    CumulativeFundBenchmark
    1 month7.047.16
    6 months21.9722.68
    Year to date21.9722.68
    3 years64.3170.40
    5 years117.07130.67
    Since launch--
    AnnualisedFundBenchmark
    1 year38.7740.39
    3 years17.9819.42
    5 years16.7518.17
    Since launch--

    As at 30 Jun 2020

    CumulativeFundBenchmark
    Quarterly54.4854.90
    Year to date21.9722.68
    3 years64.3170.40
    5 years117.07130.67
    Since launch--
    AnnualisedFundBenchmark
    1 year38.7740.39
    3 years17.9819.42
    5 years16.7518.17
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 June 2016 2017 2018 2019 2020
    Fund65.15-20.01-1.3419.9038.89
    Benchmark67.16-19.02-0.1121.4140.52

    Calendar year performance (%)

    2015 2016 2017 2018 2019
    Fund-16.8149.2613.22-11.2942.58
    Benchmark-15.8051.0814.59-10.1744.30

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund38.7717.9816.75-
    Benchmark40.3919.4218.17-

    Annualised performance (%)

    1 year3 years5 yearsSince launch
    Fund38.7717.9816.75-
    Benchmark40.3919.4218.17-

    Performance for the USD Accumulating ETF class in USD, listed on 06 November 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 guide to the future.

    Portfolio

    As at 30 Jun 2020. All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding.

    The breakdowns below relate to the Index.

    Sector (%)

    Gold Mining82.2
    Materials17.8

    Currency (%)

    CAD49.0
    AUD17.5
    USD15.5
    ZAR12.4
    GBP4.2
    HKD1.5
    Top 10 constituents67.2
    Rest of Index32.8
    No. of constituents in Index33

    Top 10 constituents (%)

    Newmont12.2
    Barrick Gold11.7
    Franco-Nevada8.7
    Newcrest Mining7.3
    Kirkland Lake Gold5.5
    Agnico Eagle Mines4.9
    AngloGold Ashanti4.7
    Evoution Mining4.5
    Kinross Gold4.0
    B2Gold3.6

    Country (%)

    CANADA48.1
    AUSTRALIA17.5
    UNITED STATES15.5
    SOUTH AFRICA12.4
    JERSEY4.2
    CHINA1.5
    CAYMAN ISLANDS0.9

    Investment Manager

    GO ETF Solutions LLP is the investment manager for each of the exchange traded funds (ETFs) issued by Legal & General UCITS ETF Plc and is responsible for the day-to-day investment management decisions for this ETF. 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

    Marketing documents

    Reportable income

    Prices

    Name
    USD Acc
    Currency
    USD
    NAV
    42.79
    Price time
    16:00 EST (NY)

    Further details

    Charges and tax

    TER
    0.65%
    ISA eligible
    Yes
    SIPP eligible
    Yes
    UK Fund Reporting Status
    Yes

    Management / administration

    Issuer
    Legal & General UCITS ETF Plc
    Custodian and Trustee
    The Bank of New York Mellon SA/NV
    Registrar
    Computershare Investor Services (Ireland) Ltd
    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 ExchangeGBPAUCP06/11/2008IE00B3CNHG25AUCP LNAUCOP.L08:00 - 16:30
    London Stock ExchangeUSDAUCO06/11/2008IE00B3CNHG25AUCO LNAUCO.L08:00 - 16:30
    Borsa ItalianaEURAUCO29/01/2009IE00B3CNHG25AUCO IMAUCO.MI09:00 - 17:30
    Deutsche BörseEURETLX08/06/2009IE00B3CNHG25ETLX GYETLX.DE09:00 - 17:30
    EuronextEURAUCO15/09/2008IE00B3CNHG25AUCO NAAUCO.AS09:00 - 17:30
    SIX Swiss ExchangeCHFAUCO11/09/2012IE00B3CNHG25AUCO SWAUCO.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.

    An investment in the ETF may expose investors to specific risks associated with the gold mining industry, including government policies and regulation, economic forces and the price of gold bullion. The price of gold bullion may fluctuate substantially over short periods of time and so the price of shares in the ETF may be more volatile than the price of gold itself or other types of investments.

    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.

    Please refer to the “Risk Factors” section of the Issuer’s Prospectus and the Fund Supplement.

    For more information, please refer to the key investor information document.

    Important information

    Issued by LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

    GO ETF Solutions LLP has been appointed as the discretionary investment manager for this Fund, it is authorised and regulated by the Financial Conduct Authority No.477266.

    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 DAXglobal Gold Mining UCITS ETF (the “ETF”) is neither sponsored nor promoted, distributed or in any other manner supported by Deutsche Börse AG (the “Licensor”). The Licensor does not give any explicit or implicit warranty or representation, neither regarding the results deriving from the use of the DAXglobal® Gold Miners Index (the “Index”) and/or the term DAXglobal® (the “Index Trademark”) nor regarding the Index value at a certain point in time or on a certain date nor in any other respect. The Index is calculated and published by the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for potential errors in the Index. Moreover, there is no obligation for the Licensor vis-à-vis third parties, including investors, to point out potential errors in the Index.

    Neither the publication of the Index by the Licensor nor the granting of a license to Legal & General UCITS ETF Plc regarding the Index as well as the Index Trademark for the utilisation in connection with the ETF, which is derived from the Index, represents a recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor with respect to the attractiveness of an investment in the ETF.

    In its capacity as sole owner of all rights to the Index and the Index Trademark the Licensor has solely licensed to the promoter of the ETF the utilisation of the Index and the Index Trademark as well as any reference to the Index and the Index Trademark in connection with the ETF.