Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
86.5 mln EUR
Domicile
Ireland
Inception date
15 April 2021
Data as declared by LGIM in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
📬 Follow the engine as we build it
One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.
Description
L&G UK Quality Dividends Equal Weight UCITS ETF tracks the issuer-declared index: FTSE All Share ex IT ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index. The declared annual cost (TER) is 0.25%, plus 0.23% in transaction costs estimated by the issuer in the KID. Replication is full physical replication (the KID declares buying every index constituent); income is distributed to investors. The fund has assets of about 86 million euro, was launched on 15 April 2021 and is domiciled in Ireland.
The fund’s objective — in the issuer’s words
The investment objective of the Fund is to provide exposure to companies in the United Kingdom that are weighted according to their quality characteristics and pay higher than average dividends. The Fund is passively managed and aims to track the performance of the FTSE All Share ex IT ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index (the “Index”), before the deduction of fees and expenses. The Index is designed to provide exposure to companies in the United Kingdom, with higher than average dividend and quality characteristics, in accordance with its methodology.
Keep reading the KID section ▾
The Fund seeks to achieve its investment objective by investing primarily in equity securities that, as far as possible and practicable, make up the Index in similar proportions to their weightings in the Index. Where it is not possible or practicable to invest directly in all of the constituents of the Index, the Fund may also invest in equity related securities and instruments that are not constituents of the Index but have similar risk and performance characteristics, and may use financial derivative instruments for efficient portfolio management or to assist in tracking the performance of the Index. 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. This Share Class aims to pay quarterly dividends out of the Fund's net income by electronic transfer. Shares in this Share Class (the "Shares") are denominated in GBP 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.lgim.com.
The depositary of the Fund is the Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund and the share class can be obtained from the Company's prospectus and the annual and semi-annual reports, which are available, in addition to the latest prices for the share class and details of any other share classes, free of charge at: www.lgim.com.
Intended Retail Investor:The Fund is designed for investors looking for a combination of growth and income in an investment which can form part of their existing savings portfolio. Although investors can take their money out at any time, the Fund may not be appropriate for those who plan to withdraw their money within five years. The Fund is not designed for investors who cannot afford more than a minimal loss of their investment.
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.
Fund performance
issuer-declared net asset value (NAV) · GBP · from Apr 2021 to Jul 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+72.5%
Annualised
+10.8%
Volatility (ann.)
14.4%
Max drawdown
-17.19%
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Tip: drag across the chart to zoom into a period.
Drawdown — distance from previous peak
This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
Max drawdown
-17.19%
peak → trough
Trough
12 Oct 2022
from the 20 Jan 2022 peak
Recovery time
92 days
recovery only: trough to break-even · ≈ 3 months
Underwater
357 days
decline + recovery: peak to break-even · ≈ 12 months · → recovered on 12 Jan 2023
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
20 Jan 2022
12 Oct 2022
-17.19%
12 Jan 2023
357
19 Mar 2025
07 Apr 2025
-12.92%
29 Apr 2025
41
02 Feb 2023
06 Jul 2023
-12.34%
27 Dec 2023
328
26 Feb 2026
27 Mar 2026
-10.83%
12 Jun 2026
106
13 Aug 2021
06 Oct 2021
-7.54%
04 Jan 2022
144
Calendar-year returns
2021
6.7%
2022
-3.2%
2023
8.7%
2024
15.7%
2025
22.6%
2026
8.3%
Month-by-month returns
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
1.9
2.5
-9.0
5.3
3.8
0.9
3.2
8.3
2025
4.6
0.8
-2.2
4.5
5.1
0.2
0.4
-0.9
2.7
-1.4
3.3
3.9
22.6
2024
-1.5
0.5
5.8
3.1
4.3
-1.0
4.9
-1.0
0.4
-1.1
2.5
-1.8
15.7
2023
6.0
-0.5
-4.9
3.4
-5.3
-0.9
3.9
-2.0
0.8
-3.7
5.8
6.8
8.7
2022
-1.4
-1.9
2.1
0.7
-0.7
-4.0
3.0
-3.2
-9.6
3.9
8.7
0.3
-3.2
2021
2.1
-0.5
2.1
1.2
-4.6
0.8
-0.4
4.6
6.7
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: LGIM. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.
Tracking difference — fund vs index
How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.67% /anno
Declared TER
0.25%
Year
Fund
Index
Difference
2025
+22.61%
+23.55%
-0.94%
2024
+15.71%
+16.35%
-0.65%
2023
+8.74%
+9.16%
-0.43%
2022
-3.19%
-2.93%
-0.26%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →
Risk indicators· EUR
Last year
Last 3 years
Last 5 years
Full history
Volatility (ann.)
13.93%
15.03%
15.87%
15.65%
Max drawdown
-10.90%
-16.32%
-26.14%
-26.67%
Sharpe
0.81
0.70
0.21
0.26
Sortino
1.18
0.97
0.29
0.36
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
Portfolio holdings
Top-10 weight
52.5%
Top 10 holdings
Admiral
6.20%
ICG
5.50%
Barclays
5.50%
Lloyds Banking Group
5.50%
Legal & General Group
5.40%
IG Group
5.10%
Aviva
4.90%
BAE Systems
4.80%
British American Tobacco
4.80%
Rio Tinto
4.80%
Sectors
Finanziari
60.8%
Industriali
12.6%
Beni di consumo primari
9.0%
Materiali di base
7.9%
Beni di consumo voluttuari
7.7%
Servizi di comunicazione
1.1%
Servizi di pubblica utilità
0.7%
Countries
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom100%
Top 10 holdings and breakdowns as declared by LGIM in the fund factsheet, data as of 30 June 2026. Percentages may not sum to 100 due to cash, derivatives and rounding.
Per-share dividends as declared by the issuer, in GBP, since the first payment (10 Jun 2021). Past dividends are not indicative of future ones.
Stock exchange listings
Exchange
Ticker
Trading since
Börse Düsseldorf
BAT3
21 Jun 2023
Börse Frankfurt
BAT3
21 Jun 2023
Börse Hamburg
BAT3
3 Jul 2023
Börse Hannover
BAT3
9 Dec 2024
Börse München / gettex
BAT3
23 Apr 2021
Börse Stuttgart
BAT3
28 Jun 2023
Tradegate Exchange
BAT3
30 Jun 2023
Xetra (Deutsche Börse)
BAT3
21 Jun 2023
+ 5 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.
Frequently asked questions
Which index does L&G UK Quality Dividends Equal Weight UCITS ETF track?
The issuer LGIM declares the benchmark: FTSE All Share ex IT ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index.
How much does BAT3 cost?
The issuer-declared TER is 0.25% per year; the transaction costs estimated in the KID are 0.23%.
What is the fund size of BAT3?
The fund size declared by LGIM is about 86 million euro.
When was BAT3 launched?
The fund was launched on 15 April 2021: it has 5 years of history.
How does BAT3 replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Fisica - replica completa (dal KID)”).
Does BAT3 pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does BAT3 trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (BAT3), Börse Frankfurt (BAT3), Börse Hamburg (BAT3), Börse Hannover (BAT3), Börse München / gettex (BAT3), Börse Stuttgart (BAT3).
What was BAT3's worst fall?
Over the available history (since 2021), the maximum drawdown was -23.26%, reached in October 2022. Past performance is not indicative of future results.
What is BAT3's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.67% per year versus its index (from issuer-declared series).
Transparency note
The data in this sheet is declared by LGIM in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.