L&G Global Small Cap Equity Index Fund
ICAV (UCITS compliant)
L&G Global Small Cap Equity Index Fund
C-Class EUR (Unhedged) Accumulation
ISINIE000EOKKLL3
Price
ISINIE000EOKKLL3
Price
Fund aim
The investment objective of the Fund is to provide investors with a return in line with the performance of the developed world small cap equity market as represented by the MSCI World Small Cap ex Selected Securities A Index (the "Index").
Fund snapshot
- What does it invest in? Invests primarily in shares that make up the index, issued by smaller companies from developed markets. The Fund may also use derivatives.
- How does it invest? Passively managed, aiming to replicate the performance of the index.
- Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics. Further information on how such characteristics are met by the Fund can be found in the Supplement.
Fund facts
| Fund size | $567.5m |
| Base currency | USD |
| Fund launch date | 8 Jun 2017 |
| Domicile | Ireland |
| Share class launch | 8 Nov 2021 |
Benchmark
MSCI World Small Cap ex Selected Securities A Index
Costs
| Initial charge | 0.00% |
| Ongoing charges figure | 0.20% |
| Dilution levy | 0.085% - round trip |
| Entry anti-dilution levy | 0.05% |
| Exit anti-dilution levy | 0.03% |
Performance
| As at 31 Jan 2024 | 1m | 3m | YTD | 1y | 3y | Launch | 3y p.a. | Launch p.a. |
|---|---|---|---|---|---|---|---|---|
| C Acc EUR | -1.13 | 13.32 | -1.13 | 3.03 | - | -7.07 | - | -3.23 |
| Benchmark | -1.13 | 13.36 | -1.13 | 2.99 | - | -7.17 | - | -3.28 |
| Relative | 0.00 | -0.04 | 0.00 | +0.04 | - | +0.10 | - | +0.05 |
| As at 31 Jan 2024 | 1m | 3m | YTD | 1y | 3y | Launch | 3y p.a. | Launch p.a. |
|---|---|---|---|---|---|---|---|---|
| C Acc EUR | -1.13 | 13.32 | -1.13 | 3.03 | - | -7.07 | - | -3.23 |
| Benchmark | -1.13 | 13.36 | -1.13 | 2.99 | - | -7.17 | - | -3.28 |
| Relative | 0.00 | -0.04 | 0.00 | +0.04 | - | +0.10 | - | +0.05 |
| As at 31 Dec 2023 | 3m | YTD | 1y | 3y | Launch | 3y p.a. | Launch p.a. |
|---|---|---|---|---|---|---|---|
| C Acc EUR | 7.77 | 11.89 | 11.89 | - | -6.01 | - | -2.85 |
| Benchmark | 7.80 | 11.84 | 11.84 | - | -6.11 | - | -2.91 |
| Relative | -0.03 | +0.05 | +0.05 | - | +0.10 | - | +0.06 |
| To 31 Dec | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
| To 31 Dec | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|
- C Acc EUR-4.16%
Performance scenarios
Example investment: 10,000 EUR
| Scenarios | 1 year | (Recommended holding period) 5 years | |
|---|---|---|---|
| Minimum | There is no minimum guaranteed return. You could lose some or all of your investment. | ||
| Stress scenario | What you might get back after costs | 3,120 EUR | 4,520 EUR |
| Average return each year (%) | -68.79 | -14.70 | |
| Unfavourable scenario | What you might get back after costs | 8,160 EUR | 12,010 EUR |
| Average return each year (%) | -18.44 | 3.73 | |
| Moderate scenario | What you might get back after costs | 10,840 EUR | 17,340 EUR |
| Average return each year (%) | 8.40 | 11.64 | |
| Favourable scenario | What you might get back after costs | 16,310 EUR | 20,810 EUR |
| Average return each year (%) | 63.05 | 15.78 | |
There is no minimum guaranteed return. You could lose some or all of your investment.
Portfolio breakdown
As at 31 Jan 2024
| Top 10 holdings | 1.7% |
|---|---|
| Rest of portfolio | 98.3% |
| No. of holdings in fund | 4,312 |
|---|---|
| No. of holdings in index | 4,169 |
Top 10 holdings (%)
| Nutanix A | 0.2 |
| Lincoln Electric Holdings | 0.2 |
| Pure Storage A | 0.2 |
| Williams-Sonoma | 0.2 |
| Saia | 0.2 |
| Renaissancere Holdings | 0.2 |
| Topbuild | 0.2 |
| Reinsurance Group of America | 0.2 |
| Performance Food Group Co | 0.2 |
| United States Steel | 0.2 |
Sector (%)
Industrials | 20.0 |
Financials | 15.1 |
Consumer Discretionary | 13.2 |
Information Technology | 11.2 |
Health Care | 9.9 |
Real Estate | 8.2 |
Materials | 7.2 |
Energy | 4.8 |
Consumer Staples | 4.7 |
Other | 5.6 |
| Top 10 holdings | 1.7% |
|---|---|
| Rest of portfolio | 98.3% |
| No. of holdings in fund | 4,312 |
|---|---|
| No. of holdings in index | 4,169 |
Top 10 holdings (%)
| Nutanix A | 0.2 |
| Lincoln Electric Holdings | 0.2 |
| Pure Storage A | 0.2 |
| Williams-Sonoma | 0.2 |
| Saia | 0.2 |
| Renaissancere Holdings | 0.2 |
| Topbuild | 0.2 |
| Reinsurance Group of America | 0.2 |
| Performance Food Group Co | 0.2 |
| United States Steel | 0.2 |
Sector (%)
Industrials | 20.0 |
Financials | 15.1 |
Consumer Discretionary | 13.2 |
Information Technology | 11.2 |
Health Care | 9.9 |
Real Estate | 8.2 |
Materials | 7.2 |
Energy | 4.8 |
Consumer Staples | 4.7 |
Other | 5.6 |
Country (%)
United States | 60.2 |
Japan | 12.4 |
United Kingdom | 5.4 |
Canada | 3.7 |
Australia | 3.4 |
Sweden | 2.1 |
Germany | 1.7 |
Switzerland | 1.7 |
France | 1.5 |
Other | 8.0 |
All data source LGIM unless otherwise stated. Totals may not sum due to rounding. In order to minimise transaction costs, the Fund will not always own all the assets that constitute the index and on occasion it will own assets that are not in the index.
Fund managers
LGIM Index Fund Management Team
The Index Fund Management team comprises 25 fund managers, supported by two analysts. Management oversight is provided by the Global Head of Index Funds. The team has average industry experience of 15 years, of which seven years has been at LGIM, and is focused on achieving the equally important objectives of close tracking and maximising returns.
SFDR categorisation
Article 8
Environmental characteristics
Social characteristics
The Fund promotes the above-mentioned characteristics by tracking the MSCI World Small Cap ex Selected Securities A Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Environmental characteristicsSocial characteristics
The Fund promotes the above-mentioned characteristics by tracking the MSCI World Small Cap ex Selected Securities A Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental and social characteristics promoted by the Fund. Whilst environmental and social characteristics are promoted through the application of the sustainability-related investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.
Through tracking the Index, the Fund seeks to implement the Investment Manager’s “Responsible Investment Framework” which aims to provide a consistent and systematic approach to exclusions, refined criteria and thresholds for setting environmental and social characteristics with a defined terminology and approach to support the implementation of such characteristics across the financial products managed by the Investment Manager.
The Responsible Investment Framework sets out the various types of investment strategies that the Investment Manager’s financial products can follow and the responsible investing methodologies that explain how such investment strategies are defined and implemented.
By tracking the Index, the Fund follows the sustainability-related investment strategy as described below:
The Index is designed to reduce exposure to companies that demonstrate poor environmental, social and governance (“ESG”) efforts. The Index excludes investments on LGIM’s Future World Protection List and additionally excludes companies that are deemed to be ESG laggards. The remaining companies are subsequently re-scaled to 100% in a sector and country neutral manner.
LGIM’s Future World Protection List
LGIM’s Climate Impact Pledge
LGIM ESG Laggards MethodologyTaxonomySustainable Investments
Principal Adverse ImpactsLiterature
Document type
Prices
Pricing information
| Price basis | Single - dilution levy |
| Price time | 22:30 Irish time |
| Currency | EUR |
Codes and dealing
Codes
| ISIN | IE000EOKKLL3 |
| SEDOL | BNZJJK5 |
| Bloomberg | LGSCECE ID |
| MEX | - |
Dealing information
| Valuation frequency | Daily, 22:30 Irish time |
| Dealing frequency | Each Irish and UK Business Day |
| Settlement period | T+2 |
| Administrator/Custodian | Northern Trust |
Country registration
This share class is registered for sale in the following countries:
Key risks
Key risks
Investment in the funds described on this website carries a substantial degree of risk and places an investor’s capital at risk. The price and value of investments is not guaranteed and can go down as well as up. An investor may not get back the original amount invested and an investor may lose all of their investment. Investment in the funds described on this website is not suitable for all investors. If an investor is in any doubt as to the suitability of an investment in a fund, an investor should consult an independent financial advisor. The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds. An investor should only invest in a fund once that investor has carefully read and understood the prospectus and KIID for the fund which contain further information on the risks and features of the fund.
The fund invests in smaller companies. Investments in smaller companies tend to be riskier than investments in larger companies because they can: be harder to buy and sell; or go up and down in value more often and by larger amounts, especially in the short term. In times of market uncertainty or if an exceptional amount of withdrawals are requested it may become less easy for your fund to sell investments and the Manager may defer withdrawals, or suspend dealing. The Manager can only delay paying out if it is in the interests of all investors and with the permission of the fund trustee or depositary.
The fund could lose money if any institution providing services such as acting as counterparty to derivatives or other instruments, becomes unwilling or unable to meet its obligations to the fund.
Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains.
The fund may have underlying investments that are valued in currencies that are different from sterling (British pounds). Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it.
We may take some or all of the ongoing charges from the fund's capital rather than the fund's income. This increases the amount of income, but it reduces the growth potential and may lead to a fall in the value of the fund.
