Title: IE000IIHLZL0 Ucits Kiid URL Source: https://docs.oppl.io/etf/IE000IIHLZL0_19-02-2026.pdf?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581?apiKey=b9934aa2-1a83-4286-b11b-c8415da9e581 Published Time: Sun, 22 Feb 2026 09:23:33 GMT Number of Pages: 2 Markdown Content: Key Investor Information This document provides you with key investor information about this fund. It is not marketing material. The information is required by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decision about whether to invest. # L&G Market Neutral Commodities UCITS ETF Share Class USD Accumulating ETF - ISIN: IE000IIHLZL0. The Fund is a sub-fund of Legal & General UCITS ETF Plc (the " Company "). Managed by LGIM Managers (Europe) Limited, a member of the Legal & General group (the " Manager ") # OBJECTIVES AND INVESTMENT POLICY • The L&G Market Neutral Commodities UCITS ETF (the " Fund ") is a passively managed exchange traded fund (" ETF ") that aims to track the performance of the Barclays Backwardation Tilt Alpha Capped ex-Precious Metals 1.75x TR Index (the " Index "), subject to the deduction of the ongoing charges and other costs associated with operating the Fund. • 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 www.lgim.com . • 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.lgim.com. • Index. The Index represents 175% leveraged exposure to the performance of the Barclays Backwardation Tilt Alpha Capped ex-Precious Metals 1.75x ER Index (the “Long Underlying”) relative to the performance of the Bloomberg Commodity ex-Precious Metals Index (the “Short Underlying”), and the returns on cash collateral to form a "fully collateralised" investment. The Long Underlying and the Short Underlying provide a return equivalent to investment in a diversified portfolio of commodity futures contracts across the following commodity groups: (1) Energy; (2) Industrial Metals; (3) Livestock; and (4) Agriculture. A "futures contract" is an agreement to buy or sell a certain amount of an asset (such as a commodity) at a certain date in the future at a price that is agreed upon today. The Index return is comprised of: (1) the difference between a long 175% leveraged position in the Long Underlying and a short 175% leveraged position in the Short Underlying; and (2) the "collateral" return reflecting the interest that a "real life" commodity investor would earn by investing the cash that they would ultimately need to settle the futures contracts at the future delivery date. This may include investments in instruments such as U.S. Treasury Bills or other market-standard alternatives, including rates derived from secured overnight financing transactions. • Dividend Policy . This Share Class does not intend to pay dividends. Any income which may result from the Fund’s investments will be reinvested into the Fund. • Replication. In order to provide the Share Class with exposure to the Index, the Company will primarily enter into "total return swap" agreements with one or more "swap counterparties"(i.e. investment banks) pursuant to which the Share Class receives the financial performance of the Index from the swap counterparties in return for a fee. Under the swap agreements, the Share Class receives payments from the swap counterparties when the Index increases and makes payments to the swap counterparties when the Index decreases. Swaps enable the Share Class to efficiently track upward or downward in order to provide the Share Class with exposure to the Index without having to purchase the commodity futures contracts comprised in the Index. The swap arrangements are "unfunded" which means that the Fund retains all investor subscription money (rather than transferring it to the swap counterparty) and invests it in a diversified portfolio of low risk assets. • The Fund's base currency is denominated in US dollar (USD). # RISK AND REWARD PROFILE Lower Risk Higher Risk Potentially lower rewards Potentially higher rewards 1 2 3 4 5 6 7 • The Fund is rated 4 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" The risk and reward indicator may not take account of the following risks of investing in the Fund: • The Index utilises leverage, meaning that its value may rise or fall more than the difference in performance of the two commodity indices to which it has exposure over the short, medium and/or long term. • The Fund invests in securities valued in currencies that are different from the base currency of the Fund. Exchange rate fluctuations will impact the value of your investment. Currency hedging techniques may be applied to reduce this impact but may not entirely eliminate it • If a swap counterparty is no longer willing or able to continue entering into swaps with the Fund, the Fund may not be able to continue tracking the Index and may need to close. If a swap counterparty increases the cost of entering into swaps with the Fund, the Fund’s performance will be negatively impacted. • Third party service providers (such as swap counterparties or the Company’s depositary) may go bankrupt and fail to pay money due to the Fund or return property belonging to the Fund. • If the Index provider stops calculating the Index or if the Fund’s license to track the Index is terminated, the Fund may have to be closed. • It may not always be possible to buy and sell Shares on a stock exchange or at prices closely reflecting the NAV. • There is no capital guarantee or protection on the value of the Fund. Investors can lose all the capital invested in the Fund. • Please refer to the “Risk Factors” section of the Company’s Prospectus and the Fund Supplement. LGIM Managers (Europe) Limited is authorised in Ireland and regulated by the Central Bank of Ireland. Legal & General UCITS ETF Plc is authorised in Ireland and regulated by the Central Bank of Ireland. This key investor information is accurate as at 19 February 2026 # CHARGES FOR THE FUND The charges you pay are used to pay the costs of running the fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment. # PAST PERFORMANCE > (return %) • The Fund launched in 2025. • This share class launched in 2025. # PRACTICAL INFORMATION • The Fund's depositary is The Bank of New York Mellon SA/NV, Dublin Branch. • The Fund is one of a number of sub-funds of the Company. The assets and liabilities of each sub-fund are segregated from each other by Irish law. Although the rights of investors and creditors are normally limited to the assets of each sub-fund, the Company is a single legal entity that may operate in jurisdictions which may not recognise such segregation. • The Company is resident in Ireland for taxation purposes. This may have an impact on your personal tax position. Please consult your investment or tax adviser for advice on your own tax liabilities. • The Manager may held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Company's Prospectus. • Further information about the Fund and the share class can be obtained from the Company's Prospectus and Fund Supplement and the annual and interim financial statements (that are prepared for the Company as a whole), which are available, in addition to the latest available NAV for the share class and details of the Fund's portfolio, at: http://www.lgim.com . These documents are available free of charge in English and certain other languages. • Switching of shares between this share class and other share classes of the Fund and/or other sub-funds of the Company is not permitted. • An indicative intra-day net asset value (“iNAV”) for the Share Class will be available at: https://www.solactive.com/ . • Details of the Manager’s uptodate policy in respect of remuneration, including a description of how remuneration and benefits are calculated and the identities of the persons responsible for awarding same can be accessed from the following website: http://www.lgim.com . A paper copy is also available free of charge from the Manager upon request. > 2021 2022 2023 2024 2025 > 40 − > 20 − > 0 > 20 > 40 > *As this Share Class has been in existence for less than one calendar year ,there is insufficient > data to provide a useful indication of past performance . One -off charges taken before or after you invest Entry charge 0.00% * Exit charge 0.00% * This is the maximum that might be taken out of your money before it is invested or before the proceeds of your investment are paid out Charges taken from the Share Class over a year Ongoing charge 0.39% Charges taken from the Share Class over a year Performance fee None *Authorised Participants dealing directly with the Company will pay related transaction costs • Ordinary investors (i.e. who buy and sell Shares on stock exchanges) are not charged entry or exit charges by the Company but may be charged dealing costs and fees by their stockbroker. Please consult your stockbroker and/or investment adviser for details of such fees. • The ongoing charges figure is based on estimates at launch. The Fund's annual report for each financial year will include detail on the exact charges made. This figure may vary from year to year. • For more information about charges, please see the "Fees and Expenses" section of the Company’s Prospectus and the "Dealing Procedures" and "Dealing Information" sections of the Fund Supplement which areavailable at: www.lgim.com .