ETFs

ETF (UCITS compliant)

L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF

EUR Hedged Accumulating ETF Class

ISINIE000YMQ2SC9

TER0.15%

Fund aim

The L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF (the “Fund”) aims to track the performance of the J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped Index (the “Index”).

Fund snapshot

The L&G Corporate Bond ex-Banks Higher Ratings 0-2Y UCITS ETF aims to provide exposure to highly rated Euro and/or US Dollar-denominated corporate bonds with short duration, excluding bank issuers.

Does it promote sustainability characteristics? The Fund promotes a range of environmental and social characteristics which are met by tracking the Index. Further information on how such characteristics are met by the Fund can be found in the Fund Supplement.

Fund facts

Fund size
Base currency USD
Fund launch date 17 Oct 2024
Share class launch 17 Oct 2024
Domicile Ireland
Replication method Physical - optimised

Benchmark

J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped Index

Index description

J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped Index

The Index measures the performance of certain Euro and/or US Dollar-denominated corporate bonds rated A-equivalent or above, maturing within the next 3 months to 2 years and issued by developed market issuers, excluding banks, and any issuer with “Bank” in the name.

The Index also (i) excludes issuers with a level of revenue determined by the index provider from thermal coal, oil sands, tobacco, alcohol, gambling, adult entertainment, controversial weapons, small arms, and military contracting, and (ii) excludes issuers not in compliance with the United Nations Global Compact principles, as determined by the Index provider’s methodology.

Further detail is disclosed in the Index provider’s methodology available on the JP Morgan Website: JP Morgan Website.

Index data

ProviderJ.P. Morgan
Bloomberg codeJPEIGKTU
Reuters code.JPEIGKTU
TypeTotal Return
WebsiteGo to website

Performance

Performance for the EUR Hedged Accumulating unit class in EUR, launched on 17 October 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 Oct 2024
Benchmark: J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped Index
Share class launch date: 17 Oct 2024
Benchmark: J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped 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 EUR

Data for the selected period isn't currently available

Portfolio breakdown

Top 10 holdings5.0%
Rest of portfolio95.0%
Number of holdings in ETF619
Number of constituents in Index898

Top 10 holdings (%)

Pfizer Investment 4.45% 19 May 280.8
Mars 4.6% 01 Mar 280.6
Amazon.com 3.15% 22 Aug 270.6
Salesforce 3.7% 11 Apr 280.5
Microsoft 3.3% 06 Feb 270.5
Meta Platforms 3.5% 15 Aug 270.5
Gilead Sciences 4.25% 20 May 280.5
Eni 4.3% 10 Feb 280.5
Boston Scientific 0.625% 01 Dec 270.5

Country (%)

United States
74.1
Germany
9.1
United Kingdom
4.8
France
4.8
Italy
1.2
Japan
1.2
Canada
0.9
Norway
0.8
Netherlands
0.8
Other
2.4

All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding.

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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

Environmental characteristics
Social characteristics

The Fund promotes the above-mentioned characteristics by tracking J.P. Morgan Global Credit Index (GCI) Ultra Short ex Banks 2% Issuer Capped 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 ESG investment strategy, investors are reminded that these environmental and social characteristics are not sustainable investment objectives.

Literature

Prices

Pricing information

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

Download full price history

Listings and codes

Listings

ExchangeCurrencyTickerISINBloombergWKNReutersListing dateTrading hours (local)
Borsa Italiana
EURXBHEIE000YMQ2SC9XBHE IMA40E7QXBHE.MI17/10/202409:00 - 17:30
Deutsche Börse Xetra
EURXBHEIE000YMQ2SC9XBHE GYA40E7QXBHE.DE17/10/202409:00 - 17:30
SIX Swiss Exchange
EURXBHEIE000YMQ2SC9XBHE SWA40E7QXBHE.S24/10/202409:00 - 17:30

Share class codes

ISINIE000YMQ2SC9
SEDOLBS3FPW4
BloombergXBHE
WKNA40E7Q

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
Liechtenstein
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
United Kingdom