ETF (UCITS compliant)

L&G Battery Value-Chain UCITS ETF

Fund facts

Fund size
$37.2m
Base currency
USD
Listing date
None
Domicile
Ireland
Index ticker
SOLBATT
Replication method
Physical - full replication

Statistics

As at 30 Sep 2019

Fund aim

The L&G Battery Value-Chain UCITS ETF (the “ETF”) aims to track the performance of the Solactive Battery Value-Chain 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 battery technology

  • Leveraging industry expertise

An index tracking investment strategy that is supported by a team of battery technology experts

Solactive Battery Value-Chain Index

The Index aims to track the performance of a basket of stocks of companies that are providers of certain electro-chemical energy storage technologies and mining companies that produce metals used to manufacture batteries.

The Index is comprised of companies which are publically traded on various stock exchanges around the world that are either (i) mining companies that produce metals that are primarily used for manufacturing batteries or (ii) companies that develop electro-chemical energy storage technology (i.e. battery technology) and produce batteries. A “battery” is a device consisting of one or more electro-chemical cells that are capable of generating electrical energy from chemical reactions. A company is only eligible for inclusion in the Index if (1) it is of a sufficient size (determined by reference to the total market value of the proportion of its shares that are publically traded) and (2) it is sufficiently “liquid” (a measure of how actively its shares are traded on a daily basis).

The universe of companies out of which the Index selection is made is refreshed annually in May. However, the Index is reconstituted semi-annually in May and November in accordance with the full selection criteria and all companies are equally weighted within the Index. On a monthly basis, the weight of each company is assessed and, if any of them exceeds 15% of the Index, the weights of all companies are adjusted so that they are again equally weighted within the Index.

Index data

Provider
Solactive
Bloomberg code
SOLBATT
Reuters code
.SOLBATT
Type
Net Total Return
Website
www.solactive.com

Fund updates

Performance

Source: Lipper.

Performance (%)
Select period:
Change

    Performance summary (%)

    As at 30 Sep 2019

    Cumulative Fund Benchmark
    1 month 3.93 3.91
    6 months -1.91 -1.81
    Year to date 3.41 3.69
    3 years - -
    5 years - -
    Since launch -21.93 -21.44
    Annualised Fund Benchmark
    1 year -11.58 -11.35
    3 years - -
    5 years - -
    Since launch -13.66 -13.34

    As at 30 Sep 2019

    Cumulative Fund Benchmark
    Quarterly -3.64 -3.54
    Year to date 3.41 3.69
    3 years - -
    5 years - -
    Since launch -21.93 -21.44
    Annualised Fund Benchmark
    1 year -11.58 -11.35
    3 years - -
    5 years - -
    Since launch -13.66 -13.34
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 30 September 2015 2016 2017 2018 2019
    Fund - - - - -11.58
    Benchmark - - - - -11.35

    Calendar year performance (%)

    2014 2015 2016 2017 2018
    Fund - - - - -
    Benchmark - - - - -

    Monthly performance (%)

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund -11.58 - - -13.66
    Benchmark -11.35 - - -13.34

    Annualised performance (%)

    1 year 3 years 5 years Since launch
    Fund -11.58 - - -13.66
    Benchmark -11.35 - - -13.34

    Performance for the ETF class in GBP, listed on . 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.

    Performance for the USD Accumulating ETF class in USD, listed on 23 January 2018. 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 Sep 2019. 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 (%)

    Industrials 34.0
    Materials 26.7
    Consumer Discretionary 24.1
    Information Technology 11.8
    Energy 3.5

    Currency (%)

    JPY 47.6
    USD 20.8
    KRW 10.1
    EUR 9.5
    HKD 5.7
    CHF 3.7
    AUD 2.6
    Top 10 constituents 39.1
    Rest of Index 60.9
    No. of constituents in Index 29

    Top 10 constituents (%)

    Hitachi Chemical 4.5
    NEC 4.4
    Sony 4.3
    FMC Corporation 4.0
    TDK Corporation 3.8
    ABB 3.7
    Tesla 3.6
    Enersys 3.6
    Sumitomo Electric Industries 3.6
    Samsung SDI 3.6

    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

    Prices

    Name
    USD Acc
    Currency
    USD
    NAV
    7.94
    Price time
    16:00 EST (NY)

    Further details

    Charges and tax

    TER
    0.49%
    ISA eligible
    Yes
    SIPP eligible
    Yes
    UK Fund Reporting Status
    Yes

    Management / administration

    Issuer
    Legal & General UCITS ETF Plc
    Custodian and Trustee
    BNY Mellon Trust Company (Ireland) Limited
    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
    Exchange Currency Ticker Listing date ISIN Bloomberg code Reuters code Trading hours (local)
    Details
    Codes
    Exchange Currency Ticker Listing date ISIN Bloomberg code Reuters code Trading hours (local)
    London Stock Exchange GBP BATG 23/01/2018 IE00BF0M2Z96 BATG LN BATG.L 08:00 - 16:30
    London Stock Exchange USD BATT 23/01/2018 IE00BF0M2Z96 BATT LN BATT.L 08:00 - 16:30
    Borsa Italiana EUR BATT 19/02/2018 IE00BF0M2Z96 BATT IM BATT.MI 09:00 - 17:30
    Deutsche Börse EUR BATE 06/02/2018 DE000A2H9VG9 BATE GY ECBATE.DE 09:00 - 17:30
    Euronext EUR BATT 01/02/2018 IE00BF0M2Z96 BATT NA BATT.AS 09:00 - 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 use of patents, copyrights and trade secret laws may not be adequate to prevent the misappropriation of a company’s battery technology. Companies may also face competition from companies with more advanced and/or cheaper battery technology. The emergence of new battery technologies that are not dependent on lithium production could reduce the revenues of lithium mining companies. All such companies are also vulnerable to general slowdowns in world economic growth and government intervention and/or regulation. The foregoing factors could lead to a decline in the value of the companies represented in the Index and therefore the ETF.

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

    Important information

    Issued by LGIM ETF Managers Limited as management company for this fund. Registered in Ireland No. 454170. Registered Office: 6th Floor, 2 Grand Canal Square, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C50537.

    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.

    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 Battery Value-Chain UCITS ETF (the “ETF”) is not sponsored, promoted, sold or supported by Solactive AG. Nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index price, at any time or in any other respect.

    The Solactive Battery Value-Chain Index (the “Index”) is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards Legal & General UCITS ETF Plc, Solactive AG has no obligation to point out errors in the Index to third parties including, but not limited to, investors and/or financial intermediaries of the ETF. Solactive AG does not guarantee the accuracy and/or the completeness of the Index or any related data, and shall not have any liability for any errors, omissions or interruptions therein.

    Neither publication of the Index by Solactive AG, nor the licensing of the Index or Index trade mark, for the purpose of use in connection with the ETF, constitutes a recommendation by Solactive AG to invest capital in said ETF nor does it, in any way, represent an assurance or opinion of Solactive AG with regard to any investment in this ETF. In no event shall Solactive AG have any liability for any lost profits or indirect, punitive, special or consequential damages or losses, even if notified of the possibility thereof.

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