ETFs

ETF (UCITS compliant)

L&G New Energy Commodities UCITS ETF

USD Accumulating ETF Class

ISINIE000BLN64M9

TER0.65%

Fund aim

The L&G New Energy Commodities UCITS ETF (the “Fund”) aims to track the performance of the Solactive Energy Transition Commodity TR Index (the “Index”).

Fund snapshot

  • Transition metals exposure Futures on transition metals, which are used in clean energy generation, storage and distribution equipment.
  • Transition energy exposure Futures on transition energy, which emits less carbon than most other fossil fuels and can help overcome peak energy demand and the challenge of ‘hard to abate’ sectors.
  • Carbon exposure Allocation to an exchange listed certificate (the "Certificate") which provides exposure to an index of global carbon futures. Carbon pricing makes polluting less profitable and incentivises the switch to low- and no-carbon activities.

Fund facts

Fund size
Base currency USD
Fund launch date 17 Apr 2024
Share class launch 17 Apr 2024
Domicile Ireland
Replication method Synthetic - unfunded swap backed by collateral

Benchmark

Solactive Energy Transition Commodity TR Index

Index description

Solactive Energy Transition Commodity Index

The Index provides a return equivalent to a fully “collateralised” investment in a diversified portfolio of commodity futures and transferable securities with a view to providing exposure to the prices of: (1) transition metals; (2) transition energy; and (3) carbon.

The index rolls systematically into commodity futures with different expiry dates of up to 1 year, selecting specific contracts based on shape of the futures curve or other idiosyncratic properties.

In addition to returns generated by the commodity strategy, the Index includes the returns on cash collateral invested in the Secured Overnight Financing Rate ("SOFR") in order to represent a fully collateralised investment.

Index data

ProviderSolactive
Bloomberg codeSOLENTCT
Reuters code.SOLENTCT
TypeTotal Return
WebsiteGo to website

Performance

Performance for the USD Accumulating unit class in USD, launched on 17 April 2024. 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.
Share class launch date: 17 Apr 2024
Benchmark: Solactive Energy Transition Commodity Index
Share class launch date: 17 Apr 2024
Benchmark: Solactive Energy Transition Commodity Index

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 constituents70.7%
Rest of Index29.3%
Number of constituents in Index18

Top 10 constituents (%)

Copper8.6
Aluminium8.6
Nickel8.6
Lithium8.6
Cobalt8.6
Ethanol6.1
Natural Gas NG6.1
Natural Gas TTF6.1
European Carbon Allowances (EUAs)5.4
Gold4.3

Sector (%)

Critical Metals
42.8
Supporting Metals
30.0
Transition Energy
18.2
Carbon pricing
9.0

All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Index.

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Fund managers

ETF Investment Management Team

Legal & General Investment Management Limited is the investment manager for this ETF and is responsible for its day-to-day investment management decisions. 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.

SFDR categorisation

Environmental characteristics

The Fund promotes the above-mentioned characteristic by tracking the Solactive Energy Transition Commodity TR Index (the “Index”), which is a designated reference benchmark for the purpose of attaining the environmental characteristic promoted by the Fund. Whilst the environmental characteristic is promoted through the application of the investment strategy of the Fund, investors are reminded that this environmental characteristic is not a sustainable investment objective.

Literature

Prices

Pricing information

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

Download full price history

Listings and codes

Listings

ExchangeCurrencyTickerISINBloombergWKNReutersListing dateTrading hours (local)
London Stock Exchange
USDENTRIE000BLN64M9ENTR LNA3ECMLENTR.L17/04/202408:00 - 16:30
London Stock Exchange
GBPETRAIE000BLN64M9ETRA LNA3ECMLETRA.L17/04/202408:00 - 16:30
Borsa Italiana
EURENTRIE000BLN64M9ENTR IMA3ECMLENTR.MI17/04/202409:00 - 17:30
Deutsche Börse Xetra
EURENTRIE000BLN64M9ENTR GYA3ECMLENTRG.DE17/04/202409:00 - 17:30
SIX Swiss Exchange
USDENTRIE000BLN64M9ENTR SWA3ECMLENTR.S17/04/202409:00 - 17:30

Share class codes

ISINIE000BLN64M9
SEDOLBNM09H8
BloombergENTR
WKNA3ECML

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.