ETFs

ETF (UCITS compliant)

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

GBP Accumulating ETF Class

ISINIE00B4QNJJ23

TER0.50%

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

ProviderFTSE
Bloomberg codeTUKXL2G
Reuters code.FTUKXL2
TypeNet Total Return
WebsiteGo to website

Performance

Performance for the GBP Accumulating unit class in GBP, launched on 18 June 2009. 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.
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.
Share class launch date: 18 Jun 2009
Benchmark: FTSE 100® Daily Leveraged Index Net TR GBP
Share class launch date: 18 Jun 2009
Benchmark: FTSE 100® Daily Leveraged Index Net TR GBP

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 GBP

Data for the selected period isn't currently available

Portfolio breakdown

Top 10 constituents99.0%
Rest of Index1.0%
Number of constituents in Underlying Index100

Top 10 constituents (%)

HSBC10.2
Shell8.3
AstraZeneca7.3
Rolls-Royce4.9
Unilever3.8
BP3.4
British American Tobacco3.3
Rio Tinto2.9
GSK2.9
Lloyds Banking Group2.5

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

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

Literature

Prices

Pricing information

Price time16:30 (UK)
CurrencyGBP
Monthly price history

Download full price history

Please note that a maximum of 10 years price history is available.

Listings and codes

Listings

ExchangeCurrencyTickerISINBloombergWKNReutersListing dateTrading hours (local)
London Stock Exchange
GBPLUK2IE00B4QNJJ23LUK2 LNA1C1S0LUK2.L22/06/200908:00 - 16:30

Share class codes

ISINIE00B4QNJJ23
SEDOLB4QNJJ2
BloombergLUK2
WKNA1C1S0

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:

Germany
Ireland
Italy
Netherlands
Norway
United Kingdom