L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF

ETF (UCITS compliant)
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF
GBP Accumulating ETF Class
Fund aim
The L&G FTSE 100® Leveraged (Daily 2x) UCITS ETF (the "ETF") is an exchange traded fund that aims to track the performance of the FTSE 100® Daily Leveraged Index (the "Index").
Important information
- Potential for magnified losses
Potential losses in leveraged products (such as this ETF) are significantly magnified in comparison to investments that do not incorporate leverage.
- Leveraged exposure
For periods of longer than one day, the return of the Index is not the same as the return of the Underlying Index multiplied by a factor of 2. This is because the x2 leverage factor is reset on a daily basis (i.e. the x2 leverage factor is applied to the performance of the Underlying Index on each day).
The daily reset has a “compounding effect” which means that, the more volatile the performance of the Underlying Index, the more the performance of the Index (and therefore the ETF) will deviate from the performance of the Underlying Index (multiplied by a leverage factor of 2) over a given period of time.
Accordingly, this ETF may not be a suitable investment for periods of longer than one day.
Fund facts
| Fund size | |
| Base currency | GBP |
| Fund launch date | 16 Jun 2009 |
| Share class launch | 18 Jun 2009 |
| Domicile | Ireland |
| Replication method | Synthetic - unfunded swap backed by collateral |
Benchmark
FTSE 100® Daily Leveraged Index
Index description
FTSE 100® Daily Leveraged Index Net TR GBP
The FTSE 100® Daily Leveraged Index (the "Index") is a leveraged index. The daily percentage change in the level of the Index is intended to reflect twice the daily percentage change in the level of the FTSE 100® Net Dividend Total Return Index (the “Underlying Index”) less an implied amount reflecting the cost of borrowing additional capital to invest in the Underlying Index portfolio so as to create the leveraged exposure (the “Financing Cost”).
The Underlying Index is comprised of the 100 largest companies (determined by reference to the total market value of a company’s shares) which are publically traded in the UK. Each company is weighted according to the total market value of the proportion of its shares that are freely tradable by the public (i.e. not subject to any restrictions or fixed ownership).
In tracking the Index, the ETF is exposed on each day to a multiple (by a factor of 2) of that day’s movement in the value of the Underlying Index less the Financing Cost built into the Index and charges and expenses applied to the ETF. As the Index rebalances daily, the ETF may not be a suitable investment for periods of longer than one day.
Index data
| Provider | FTSE |
| Bloomberg code | TUKXL2G |
| Reuters code | .FTUKXL2 |
| Type | Net Total Return |
| Website | Go to website |
Performance
Performance scenarios
Example investment: 10,000 GBP
Portfolio breakdown
As at 30 Sep 2026
| Top 10 constituents | 99.0% |
|---|---|
| Rest of Index | 1.0% |
| Number of constituents in Underlying Index | 100 |
|---|
Top 10 constituents (%)
| HSBC | 10.2 |
| Shell | 8.3 |
| AstraZeneca | 7.3 |
| Rolls-Royce | 4.9 |
| Unilever | 3.8 |
| BP | 3.4 |
| British American Tobacco | 3.3 |
| Rio Tinto | 2.9 |
| GSK | 2.9 |
| Lloyds Banking Group | 2.5 |
Sector (%)
Financials | 26.5 |
Industrials | 13.8 |
Consumer Staples | 13.4 |
Energy | 11.9 |
Health Care | 11.9 |
Materials | 8.2 |
Utilities | 4.5 |
Consumer Discretionary | 4.1 |
Communication Services | 2.0 |
Other | 3.8 |
| Top 10 constituents | 99.0% |
|---|---|
| Rest of Index | 1.0% |
| Number of constituents in Underlying Index | 100 |
|---|
Top 10 constituents (%)
| HSBC | 10.2 |
| Shell | 8.3 |
| AstraZeneca | 7.3 |
| Rolls-Royce | 4.9 |
| Unilever | 3.8 |
| BP | 3.4 |
| British American Tobacco | 3.3 |
| Rio Tinto | 2.9 |
| GSK | 2.9 |
| Lloyds Banking Group | 2.5 |
Sector (%)
Financials | 26.5 |
Industrials | 13.8 |
Consumer Staples | 13.4 |
Energy | 11.9 |
Health Care | 11.9 |
Materials | 8.2 |
Utilities | 4.5 |
Consumer Discretionary | 4.1 |
Communication Services | 2.0 |
Other | 3.8 |
Currency (%)
GBP | 97.6 |
USD | 2.2 |
EUR | 0.2 |
Country (%)
United Kingdom | 100.0 |
All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Underlying Index.
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.
Literature
Document type
Prices
Pricing information
| Price time | 16:30 (UK) |
| Currency | GBP |
Listings and codes
Listings
| Exchange | Currency | Ticker | ISIN | Bloomberg | WKN | Reuters | Listing date | Trading hours (local) |
|---|---|---|---|---|---|---|---|---|
| London Stock Exchange | GBP | LUK2 | IE00B4QNJJ23 | LUK2 LN | A1C1S0 | LUK2.L | 22/06/2009 | 08:00 - 16:30 |
Share class codes
| ISIN | IE00B4QNJJ23 |
| SEDOL | B4QNJJ2 |
| Bloomberg | LUK2 |
| WKN | A1C1S0 |
Dealing information
| Issuer | Legal & General UCITS ETF Plc |
| Depositary and Trustee | The Bank of New York Mellon SA/NV, Dublin Branch |
| Securities regulator | Central Bank of Ireland |
Country registration
This share class is registered for sale in the following countries:


















