Le Gal & G Gene Eral UCI TS ETF F Plc C
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Legal & General UCITS ETF Plc Inte rim Report and Unaudited Financial Statements for the Financial Period Ended 31 December 2019 Legal & General Investment Management Limited One Coleman Street London EC2R 5AA December 2019 Legal & General UCITS ETF Plc Contents Legal & General UCITS ETF Plc Interim Report and Unaudited Financial Statements Table of contents 1 Directors and other information 2 Company information 4 Fund review 9 Unaudited Financial Statements of the Company Company Total Statement of financial position 13 Company Total Statement of comprehensive income 14 Company Total Statement of changes in net assets attributable to redeemable participating shareholders 15 Company Total Statement of cash flows 16 Unaudited Financial Statements of the Funds Statement of financial position as at 31 December 2019 17 Comparatives as at 30 June 2019 21 Statement of comprehensive income for the financial period ended 31 December 2019 26 Comparatives for the financial period ended 31 December 2018 30 Statement of changes in net assets attributable to redeemable participating shareholders for the financial period ended 31 December 2019 34 Comparatives for the financial period ended 31 December 2018 36 Notes to the financial statements 38 Other Information - Unaudited Schedule of investments 84 Additional information 261 Securities financing transactions regulation 262 Statement of significant purchases and sales 270 1 December 2019 Legal & General UCITS ETF Plc Directors and other information Board of Directors: Registrar: Mark Weeks (UK) (2) Computershare Investor Services (Ireland) Eimear Cowhey (IRE) (1) Limited Adrian Waters (IRE) (1) 3100 Lake Drive Amy Ellison (UK) Citywest Business Campus Feargal Dempsey (IRE) (1) Dublin 24 (appointed 14 January 2020) D24 AK82 Ireland All Directors are non-executive (1) Independent Director (2) UK Listing Sponsor: Chairman J&E Davy Davy House Manager: 49 Dawson Street LGIM ETF Managers Limited Dublin 2 2 Grand Canal Square D02 PY05 Dublin 2 Ireland D02 A342 Ireland Registered Office: 2 Grand Canal Square Investment Manager: Dublin 2 GO ETF Solutions LLP D02 A342 One Coleman Street Ireland London, EC2R 5AA United Kingdom Administrator and Transfer Agent: BNY Mellon Fund Services (Ireland) Designated Sub-Investment Managers: Activity Company E Fund Management (Hong Kong) Co., Limited One Dockland Central Suites 3501-02, 35/F Guild Street Two International Finance Centre International Financial Services Centre 8 Finance Street Dublin 1 Central D01 E4X0 Hong Kong Ireland Depositary: Secretary: The Bank of New York Mellon SA/NV, Dublin Wilton Secretarial Limited Branch 2 Grand Canal Square (effective 1 December 2019) Dublin 2 Riverside II, Sir John Rogerson’s Quay D02 A342 Grand Canal Dock Ireland Dublin 2 D01 E4X0 Independent Auditors: Ireland KPMG 1 Harbourmaster Place BNY Mellon Trust Company (Ireland) Limited International Financial Services Centre (until 30 November 2019) Dublin 1 One Dockland Central D01 F6F5 Guild Street IFSC Ireland Dublin 1 D01 E4X0 Ireland Legal Advisers in Ireland: William Fry 2 Grand Canal Square Dublin 2 D02 A342 Ireland 2 December 2019 Legal & General UCITS ETF Plc Directors and other information (continued) Distributor: Legal & General Investment Management Limited One Coleman Street London, EC2R 5AA United Kingdom Collateral Manager: The Bank of New York Mellon One Canada Square Canary Wharf London, E14 5AL United Kingdom Registration Number: 459936 This interim report and unaudited financial statements (the “Report and Financial Statements”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Financial Statements. To the extent that there is any inconsistency between the English language Report and Financial Statements and the Report and Financial Statements in another language, the English language Report and Financial Statements will prevail, except to the extent (and only to the extent) that it is required by law of any jurisdiction where the shares are sold, that in an action based upon disclosure in a Report and Financial Statements in a language other than English, the language of the Report and Financial Statements on which such action is based shall prevail. Any disputes as to the terms of the Reports and Financial Statements regardless of the language of the Report and Financial Statements, shall be governed by and construed in accordance with the Laws of Ireland. 3 December 2019 Legal & General UCITS ETF Plc Company information Legal & General UCITS ETF Plc (the “Company”) is organised as an open-ended investment company with variable capital. The Company has segregated liability between its sub-funds and is organised under the laws of Ireland as a public limited company pursuant to the Companies Act 2014 (the “Companies Act”). The Company is subject to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (as amended) (the “UCITS Regulations”) and the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Undertakings for Collective Investment in Transferable Securities) Regulations 2019 (the “Central Bank UCITS Regulations”). The objective of the Company is the collective investment in transferable securities and other liquid financial assets of capital raised from the public, operating on the principle of risk spreading in accordance with the UCITS Regulations. The Company is structured as an umbrella fund with segregated liability between sub-funds and comprises separate sub-funds (each a "Fund" and together the "Funds"), in that the Directors may from time to time, with the prior approval of the Central Bank of Ireland (the "Central Bank"), issue different series of shares representing separate portfolios of assets. The assets of each Fund will be invested in accordance with the investment objective and policies applicable to such Fund as disclosed in the prospectus of the Company (the “Prospectus”) and the relevant Fund supplement (the “Supplement”). As at 31 December 2019, the following 40 Funds of the Company were approved by the Central Bank, 27 of which were open for subscriptions and operational at financial period end. The corresponding indices tracked/replicated by each Fund are also shown below: Fund name Fund type Index name L&G E Fund MSCI China A UCITS ETF Physically- MSCI China A Onshore Index Replicating Fund L&G ROBO Global® Robotics and Automation UCITS ETF " ROBO Global Robotics and Automation UCITS Index 1 L&G LOIM Euro Government Bond Fundamental UCITS ETF " LOIM Fundamental Euro Government Index 2 L&G LOIM Euro Corporate Bond Fundamental UCITS ETF " LOIM Fundamental Euro Corporate Index 2 L&G LOIM Global Corporate Bond Fundamental UCITS ETF " LOIM Fundamental Global Corporate Index 2 L&G LOIM Global Government Bond Fundamental UCITS ETF " LOIM Fundamental Global Government Index L&G LOIM Emerging Market Local Government Bond " LOIM Fundamental EM Local Currency Index Fundamental UCITS ETF2 L&G Cyber Security UCITS ETF " ISE Cyber Security® UCITS Index Net Total Return L&G Battery Value-Chain UCITS ETF " Solactive Battery Value-Chain Index Net Total Return L&G Pharma Breakthrough UCITS ETF " Solactive Pharma Breakthrough Value Index Net Total Return L&G Ecommerce Logistics UCITS ETF " Solactive eCommerce Logistics Index Net Total Return L&G US Equity UCITS ETF “ Solactive Core United States Large & Mid Cap Index NTR L&G UK Equity UCITS ETF " Solactive Core United Kingdom Large & Mid Cap Index NTR L&G Japan Equity UCITS ETF " Solactive Core Japan Large & Mid Cap USD Index NTR L&G Global Equity UCITS ETF " Solactive Core Developed Markets Large & Mid Cap USD Index NTR L&G Europe ex UK Equity UCITS ETF " Solactive Core Developed Markets Europe ex UK Large & Mid Cap EUR Index NTR 4 December 2019 Legal & General UCITS ETF Plc Company information (continued) Fund name Fund type Index name L&G Asia Pacific ex Japan Equity UCITS ETF " Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR 3 L&G Germany Equity UCITS ETF " Solactive Core Germany Large & Mid Cap Index NTR 3 L&G Italy Equity UCITS ETF " Solactive Core Italy Large & Mid Cap Index NTR 3 L&G Switzerland Equity UCITS ETF " Solactive Core Switzerland Large & Mid Cap CHF Index NTR L&G Clean Water UCITS ETF " Solactive Clean Water Index NTR L&G Artificial Intelligence UCITS ETF " ROBO Global® Artificial Intelligence Index L&G Healthcare Breakthrough UCITS ETF " ROBO Global® Healthcare Technology and Innovation Index TR 4 L&G Europe Equity (Responsible Exclusions) UCITS ETF " Foxberry Sustainability Consensus Europe TR Index 5 L&G US Equity (Responsible Exclusions) UCITS ETF " Foxberry Sustainability Consensus US TR Index 1 This Fund was approved by the Central Bank on 25 March 2015. No shares of the Funds have been issued as at the date of the Financial Statements. The Directors intend to de-authorise the Fund, which has never launched. 2Compulsorily redeemed on 28 June 2019. The Funds' assets were then liquidated and the proceeds distributed in cash form to those persons listed as shareholders in the Funds as at 28 June 2019. An application for withdrawal of regulatory approval of the Funds as a UCITS will be made to the Central Bank. 3 These Funds were approved by the Central Bank on 25 January 2019. No shares of the Funds have been issued as at the date of the Financial Statements. 4 This Fund was approved by the Central Bank on 06 August 2019. The Fund launched on 30