ETF (UCITS compliant)

L&G Gold Mining UCITS ETF

Fund facts

Fund size*
Base currency
Listing date
6 Nov 2008
Index ticker
Replication method
Synthetic - unfunded swap backed by collateral


*As at 26 Jan 2021

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

Deutsche Börse
Bloomberg code
Reuters code
Net Total Return

Fund updates


Source: Lipper.

Performance (%)
Select period:

    Performance summary (%)

    As at 31 Dec 2020

    1 month5.595.73
    6 months1.001.63
    Year to date23.1924.68
    3 years55.8161.62
    5 years163.31179.80
    Since launch84.65-
    1 year23.1224.60
    3 years15.9217.34
    5 years21.3422.82
    Since launch5.17-

    As at 30 Sep 2020

    Year to date31.8032.94
    3 years71.9578.29
    5 years191.30209.43
    Since launch--
    1 year43.5745.21
    3 years19.7821.24
    5 years23.8125.32
    Since launch--
    Rolling 12-month performance
    Calendar year performance
    Monthly performance
    Annualised performance

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

    12 months to 31 December 2016 2017 2018 2019 2020

    Calendar year performance (%)

    2016 2017 2018 2019 2020

    Monthly performance (%)

    Annualised performance (%)

    1 year3 years5 yearsSince launch

    Annualised performance (%)

    1 year3 years5 yearsSince launch

    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.


    As at 31 Dec 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 Mining100.0

    Currency (%)

    Top 10 constituents61.6
    Rest of Index38.4
    No. of constituents in Index32

    Top 10 constituents (%)

    Barrick Gold12.1
    Newcrest Mining6.2
    Agnico Eagle Mines5.4
    Wheaton Precious Metals5.4
    Kirkland Lake Gold4.5
    Zijin Mining4.5
    AngloGold Ashanti4.2
    Kinross Gold4.0

    Country (%)


    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.


    Marketing documents


    USD Acc
    Price time
    16:00 EST (NY)

    Further details

    Charges and tax

    ISA eligible
    SIPP eligible
    UK Fund Reporting Status

    Management / administration

    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:


    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

    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: 33/34 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

    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.

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