ETFs

ETF (UCITS compliant)

L&G Clean Energy UCITS ETF

USD Accumulating ETF Class

ISINIE00BK5BCH80

TER0.49%

(German)(German)(English)(English)

Fund aim

The L&G Clean Energy UCITS ETF (the "ETF") aims to track the performance of the Solactive Clean Energy Index NTR (the “Index”).

Fund snapshot

  • 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 the global clean energy industry

  • Leveraging industry expertise

An index tracking investment strategy that is supported by a team of clean energy experts

  • Does it have a sustainable objective?

The Fund has a sustainable investment objective as it invests in companies which (i) contribute to environmental objectives, (ii) do not significantly harm any environmental or social objectives, and (iii) follow good governance practices. Further information can be found in the Fund Supplement.

Fund facts

Fund size
Base currency USD
Fund launch date 11 Nov 2020
Share class launch 11 Nov 2020
Domicile Ireland
Replication method Physical - full replication

Benchmark

Solactive Clean Energy Index NTR

Index description

Solactive Clean Energy Index NTR

The Index seeks to provide exposure to publically traded companies that are actively engaged in the “Value-chain” global clean energy.

“Value-chain” refers to all of the value-creating activities within the global clean energy industry, beginning with the manufacturing of essential components up to the infrastructure and optimal usage of renewable energy.

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 that are publically traded) and it is sufficiently "liquid" (a measure of how actively its shares are traded on a daily basis). The Index excludes certain companies: (a) that derive substantial revenues from coal mining; (b) involved in the production of controversial weapons; or (c) that, for a continuous period of three years, have been classified as being in breach of at least one of the UN Global Compact principles, which is a set of globally accepted standards on human rights, labour, environment and corruption. In addition, the Index will exclude companies based on the exclusions for EU Paris-Aligned Benchmarks (PAB). The exclusions for PAB are the following:

  • Companies involved in any activities related to controversial weapons;
  • Companies involved in the cultivation and production of tobacco
  • Companies in violation of the United Nations Global Compact (UNGC) principles or the Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises;
  • Companies that derive 1 % or more of their revenues from exploration, mining, extraction, distribution or refining of hard coal and lignite;
  • Companies that derive 10 % or more of their revenues from the exploration, extraction, distribution or refining of oil fuels;
  • Companies that derive 50 % or more of their revenues from the exploration, extraction, manufacturing or distribution of gaseous fuels;
  • Companies that derive 50 % or more of their revenues from electricity generation with a GHG intensity of more than 100 g CO2 e/kWh.

The universe of companies out of which the Index selection is made is refreshed semi-annually in March and September. All constituents of the Index are equally weighted within the Index subject to certain liquidity based weight caps made to ensure that securities with lower liquidity are not overly represented in the Index. On a monthly basis, the weight of each company is assessed and, if any of them exceed 15% of the index, the weights of all companies are adjusted so that they are again equally weighted within the Index.

Index data

ProviderSolactive
Bloomberg codeSOLCLNEN
Reuters code.SOLCLNEN
TypeNet Total Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 11 November 2020. 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: 11 Nov 2020
Benchmark: Solactive Clean Energy Index NTR
Share class launch date: 11 Nov 2020
Benchmark: Solactive Clean Energy Index NTR

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

Data for the selected period isn't currently available

Portfolio breakdown

Top 10 constituents18.1%
Rest of Index81.9%
Number of constituents in Index61

Top 10 constituents (%)

Hanwha Solutions1.9
Generac Holdings Inc1.9
Sumitomo Electric Industries1.8
Northland Power Inc1.8
Nxp Semiconductor1.8
Nordex1.8
Alfen1.8
SMA Solar1.8
Energy Vault1.8
On Semiconductor Corporation1.8

Sector (%)

Industrials
55.2
Utilities
27.9
Information Technology
11.4
Consumer Discretionary
3.6
Materials
1.9

All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Index. The ETF’s portfolio may deviate from the portfolio of the Index.

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Fund managers

L&G Index Fund Management Team headshot

L&G Index Fund Management Team

The skill set and expertise we have developed over 35+ years in index management has allowed us to continuously evolve our investment processes. The Index Fund Management team comprises 30 fund managers with an average experience of 15 years, supported by 33 broader team members. Management oversight is provided by Dave Barron, Global Head of Index, ETFs & Systematic Solutions. The team also has full access to the resources and research of other specialists within L&G, including economists and strategists.

SFDR categorisation

The sustainable investment objective of the Fund is to provide exposure to the global clean energy industry. The Fund is passively managed and seeks to achieve its investment objective by tracking the  performance of the Solactive Clean Energy Index NTR (the “Index”). The Index is a reference benchmark that has been designated for the purpose of attaining the sustainable investment objective of the Fund.

Literature

Prices

Pricing information

Price time16:00 EST (NY)
CurrencyUSD
Monthly price history

Download full price history

Listings and codes

Listings

ExchangeCurrencyTickerISINBloombergReutersListing dateTrading hours (local)
Deutsche Börse Xetra
EURRENWIE00BK5BCH80RENW GYRENW.DE11/11/202009:00 - 17:30
London Stock Exchange
GBPRENGIE00BK5BCH80RENG LNRENG.L11/11/202008:00 - 16:30
London Stock Exchange
USDRENWIE00BK5BCH80RENW LNRENW.L11/11/202008:00 - 16:30
Borsa Italiana
EURRENWIE00BK5BCH80RENW IMRENW.MI11/11/202009:00 - 17:30
SIX Swiss Exchange
CHFRENWIE00BK5BCH80RENW SWRENW.S11/11/202009:00 - 17:30
Bolsa Mexicana
MXNRENWIE00BK5BCH80RENW MMRENW.MX21/07/202209:00 - 17:30

Codes

ISINIE00BK5BCH80
SEDOLBKF3B99
BloombergRENW
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
Portugal
Singapore*
Spain
Sweden
Switzerland
United Kingdom

* The Fund is on the list of restricted collective investment schemes, but is not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and the Shares cannot be offered or marketed to retail clients.