Category: Open Ended Investment Company
The L&G ROBO Global® Robotics and Automation UCITS ETF (the "Fund") is an exchange traded fund ("ETF") that aims to track the performance of the ROBO Global® Robotics and Automation UCITS Index (the "Index"). Dealing. Shares in this Share Class (the “Shares”) are denominated in USD and can be bought and sold on stock exchanges by ordinary investors using an intermediary (e.g. a stockbroker). In normal circumstances, only Authorised Participants may buy and sell Shares directly with the Company. Authorised Participants may redeem their Shares on demand in accordance with the “Dealing Timetable” published on http://www.lgimetf.com. Index. The Index is comprised of companies which are publically traded on various stock exchanges around the world that generate a material proportion of their revenues from the robotics and automation industry. The industry is deemed to be comprised of the following two sub-sectors: (1) Technology, which includes sensing, processing, computing and artificial intelligence, actuation, and integration; and (2) Applications, which includes manufacturing and industrial automation, 3D printing, logistics automation, food and agriculture, surveillance and security, energy, healthcare and consumer products. A company is only eligible for inclusion in the Index if it is of a sufficient size (determined by reference to the total market value of its shares) and it is sufficiently “liquid” (a measure of how actively its shares are traded on a daily basis). Within the index, companies that derive most of their revenues from robotics and automation are equally weighted and given an aggregate weighting of 40% and companies that derive only a distinct proportion of their revenues from robotics and automation are equally weighted and given an aggregate weighting of 60%. Replication. The Fund will primarily invest in the companies contained in the Index in similar proportions to their weightings in the Index. The Fund may also invest in (1) “technology” companies that are not constituents of the Index that have similar risk and performance characteristics to the companies contained in the Index and (2) financial derivative instruments (“FDIs”) (i.e. investments the prices of which are based on the companies contained in the Index and/or such other “technology” companies). Dividend Policy. This Share Class does not intend to pay dividends. Any income which may result from the Fund’s investments will be re- invested into the Fund. The Fund is rated 6 due to the nature of its investments and its risks. The rating is calculated based on historical data and may not be a reliable indication of the Fund’s future risk profile. The risk category may shift over time. The lowest category on the above scale does not mean “risk free”.