Collectives

ICAV (UCITS compliant)

L&G Global Small Cap Equity Index Fund

I-Class EUR (Unhedged) Accumulation

ISINIE00BDZTSY26

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 currencyUSD
Fund launch date8 Jun 2017
DomicileIreland
Share class launch9 Apr 2018
As at 31 Jan 2024

Benchmark

MSCI World Small Cap ex Selected Securities A Index

Costs

Initial charge0.00%
Ongoing charges figure0.30%
Dilution levy0.085% - round trip
Entry anti-dilution levy0.05%
Exit anti-dilution levy0.03%

Performance

Performance for the I EUR (Unhedged) Acc unit class in EUR, launched on 09 April 2018. Source: Lipper. Performance assumes all fund charges have been taken and that all income generated by the investments, after deduction of tax, remains in the fund.
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.
As at 31 Jan 20241m3mYTD1y3y5y3y p.a.5y p.a.
I Acc EUR-1.1413.28-1.142.9315.9147.495.058.08
Benchmark-1.1313.36-1.132.9915.9948.345.078.20
Relative-0.01-0.08-0.01-0.06-0.08-0.85-0.02-0.12
Share class launch date: 09 Apr 2018
Benchmark: MSCI World Small Cap NR EUR
To 31 Dec 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
I Acc EUR11.80-13.4824.296.2628.31-----
Benchmark11.84-13.4324.556.3828.52-----
Relative-0.04-0.05-0.26-0.12-0.21-----
Share class launch date: 09 Apr 2018
Benchmark: MSCI World Small Cap NR EUR
Performance fromto
  • I Acc EUR62.4%
Created with Highcharts 11.4.1Jul '18Jan '19Jul '19Jan '20Jul '20Jan '21Jul '21Jan '22Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25-50-250255075100Highcharts.com
Share class launch date: 09 Apr 2018
Benchmark: MSCI World Small Cap NR EUR

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 EUR

Scenarios1 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 costs2,790 EUR4,500 EUR
Average return each year (%)-72.09 EUR-14.78 EUR
Unfavourable scenario
What you might get back after costs7,930 EUR11,780 EUR
Average return each year (%)-20.65 EUR3.33 EUR
Moderate scenario
What you might get back after costs10,840 EUR17,260 EUR
Average return each year (%)8.40 EUR11.54 EUR
Favourable scenario
What you might get back after costs16,890 EUR20,810 EUR
Average return each year (%)68.92 EUR15.78 EUR

Portfolio breakdown

As at 31 Jan 2024

Created with @product.name@ @product.version@Highcharts.com
Top 10 holdings1.7%
Rest of portfolio98.3%
No. of holdings in fund4,312
No. of holdings in index4,169

Top 10 holdings (%)

Nutanix A0.2
Lincoln Electric Holdings0.2
Pure Storage A0.2
Williams-Sonoma0.2
Saia0.2
Renaissancere Holdings0.2
Topbuild0.2
Reinsurance Group of America0.2
Performance Food Group Co0.2
United States Steel0.2
Created with @product.name@ @product.version@Highcharts.com

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

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 headshot

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

SFDR Product Summary

LGIME PAI entity report

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.

Literature

Prices

Pricing information

Price basisSingle - dilution levy
Price time22:30 Irish time
CurrencyEUR
Monthly price history

Download full price history

Codes and dealing

Codes

ISINIE00BDZTSY26
SEDOLBDZTSY2
BloombergLGGSIEA ID
MEX-

Dealing information

Valuation frequencyDaily, 22:30 Irish time
Dealing frequencyEach Irish and UK Business Day
Settlement periodT+2
Administrator/CustodianNorthern Trust

Country registration

This share class is registered for sale in the following countries:

Denmark
Finland
Germany
Ireland
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom

For valuations and account queries contact:

Legal & General ICAV
Legal & General CCF
LGIM Liquidity Funds Plc

Northern Trust International Fund Administration Services (Ireland) Limited
City East Plaza - Block A
Towlerton
Ballysimon Road
Limerick
Ireland
V94 X2N9
Fax: +353 1 434 5293
Telephone: +353 1 434 5080
Email: LGIM_ta_queries@ntrs.com

Legal & General SICAV
Northern Trust Global Services SE
10 Rue du Château d'Eau
L-3364 Leudelange
Grand-Duché de Luxembourg
Fax: +352 28 294 454
Telephone: +352 28 294 123
Email: LGIM-TA-LUX@ntrs.com

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.

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.

Important information

This information is intended for investment professionals only and is for information purposes only. It should not be distributed without our permission.

No investment decisions should be made without first reviewing the key information document and prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment.

Unless otherwise agreed in writing, the Information on this website (a) is for information purposes only and we are not soliciting any action based on it, and (b) is not a recommendation to buy or sell securities or pursue a particular investment strategy; and (c) is not investment, legal, regulatory or tax advice. Any trading or investment decisions taken by you should be based on your own analysis and judgment (and/or that of your professional advisers) and not in reliance on us or the Information.

This information is only directed at investors resident in jurisdictions where each fund is 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.

All information detailed on this website is current at the time of publication and may be changed in the future.

Following the imposition of sanctions on Russian securities and assets being removed from indices the market has been effectively frozen for foreign investors and all equity positions have been marked to zero in line with LGIM’s fair value pricing policy. Regardless of being priced at zero LGIM funds may still own these securities and any value realised in the future will be for the sole benefit of the relevant fund. LGIM will seek to divest from such securities at such a time that market conditions allow consistent with our fiduciary duties and applicable sanctions.

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.

Issuer

Issued by LGIM Managers (Europe) Limited as management company for this fund. Registered in Ireland No. 609677. Registered Office: 33/34 Sir John Rogerson’s Quay, Dublin, 2, Ireland. Authorised and Regulated by the Central Bank of Ireland No. C173733.

Legal & General Investment Management Limited has been appointed as the discretionary investment manager for these Funds and is Registered in England and Wales No. 02091894. Registered Office: One Coleman Street, London, EC2R 5AA, United Kingdom. Authorised and regulated by the Financial Conduct Authority, No. 119272.

Index disclaimer

The funds shall or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Legal & General Investment Management Limited and its affiliates and any related funds.

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