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 Multi-Strategy Enhanced Commodities ex-Agriculture & Livestock UCITS ETF Share Class USD Unhedged Accumulating ETF - ISIN: IE000MQ5XEW1. 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 Multi-Strategy Enhanced Commodities ex-Agriculture & Livestock expiry dates with later-dated equivalents in order to maintain exposure to the UCITS ETF (the " Fund ") is a passively managed exchange traded fund (" commodity futures on an ongoing basis); and (3) the "collateral" return which ETF ") that aims to track the performance of the Barclays Backwardation Tilt reflects the interest that a commodity investor would earn where they deposit Multi-Strategy Ex-Agriculture & Livestock Capped Total Return Index (the " with a bank (for safe-keeping) the cash that they will need to settle the Index "), subject to the deduction of the ongoing charges and other costscontract at the future delivery date. A "futures contract"is an agreement to buy associated with operating the Fund. 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. Dealing. Shares in this share class (the “ Shares”) are denominated in USD and can be bought and sold on stock exchanges by ordinary investors Replication. In order to provide the Share Class with exposure to the Index, using an intermediary (e.g. a stockbroker). In normal circumstances, onlythe Company will primarily enter into "total return swap" agreements with one Authorised Participants may buy and sell Shares directly with the Company. or more "swap counterparties"(i.e. investment banks) pursuant to which the Authorised Participants may redeem their Shares on demand in accordance Share Class receives the financial performance of the Index from the swap with the “Dealing Timetable” published on www.lgim.com. counterparties in return for a fee. Under the swap agreements, the Share Class receives payments from the swap counterparties when the Index Index.The Index provides a return equivalent to a fully "collateralised" increases and makes payments to the swap counterparties when the Index investment in a diversified portfolio of commodity "futures contracts" acrossdecreases. Swaps enable the Share Class to efficiently track upward or the following sectors: (1) Energy; (2) Precious Metals; and (3) Industrial downward in order to provide the Share Class with exposure to the Index Metals. The exposure to futures contracts of individual commodities within the without having to purchase the commodity futures contracts comprised in the Index is based on certain characteristics historically exhibited by such Index. The swap arrangements are "unfunded" which means that the Fund commodities and they are weighted according to their relative "liquidity" (a retains all investor subscription money (rather than transferring it to the swap measure of how actively a commodity has historically traded), "economic counterparty) and invests it in a diversified portfolio of low risk assets. significance" (determined by reference to historical production levels) and expected roll return (determined from futures contract prices). The IndexDividend Policy. This share class does not intend to pay dividends. Any return is comprised of: (1) the "spot" return which reflects the day-to-day income which may result from the Fund’s investments will be re-invested into changes in the prices of the commodity futures contracts; (2) the "roll" return the Fund. associated with periodically selling the futures contracts that are nearing their RISK AND REWARD PROFILE Lower RiskHigher Risk share class may be different to the return in your own currency. If a swap counterparty is no longer willing or able to continue entering into Potentially lower rewards Potentially higher rewardsswaps with the Fund, the Fund may not be able to continue tracking the Index and may need to close. 1 2 3 4 5 6 7 If a swap counterparty increases the cost of entering into swaps with the The Fund is rated 6 due to the nature of its investments and its risks. The Fund, the Fund’s performance will be negatively impacted. 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 Third party service providers (such as counterparties entering into FDIs with time. The lowest category on the above scale does not mean “risk free”. the Fund or the Company’s depositary) may go bankrupt and fail to pay money due to the Fund or return property belonging to the Fund. Market trading in commodity futures contracts can be extremely “volatile”. This means that the prices of the futures contracts comprised in the Index If the Index provider stops calculating the Index or if the Fund’s license to may fluctuate rapidly based on numerous factors, including supply andtrack the Index is terminated, the Fund may have to be closed. demand relationships, weather, agriculture, trade, economic or political It may not always be possible to buy and sell Shares on a stock exchange or events, technological developments, interest rates and governmental policies.at prices closely reflecting the NAV. The risk and reward indicator may not take account of the following risks of There is no capital guarantee or protection on the value of the Fund. Investors investing in the Fund : can lose all the capital invested in the Fund. The Fund may have underlying investments that are valued in currencies that Please refer to the “Risk Factors” section of the Company’s Prospectus and are different from USD, in which case exchange rate fluctuations will impact the Fund Supplement. the value of your investment. In addition, the return in the currency of this 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 return from your investment. One-off charges taken before or after you invest 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 Entry charge0.00%* dealing costs and fees by their stockbroker. Please consult your stockbroker and/or investment adviser for details of such fees. Exit charge 0.00%* The ongoing charges figure is based on expenses for the 12 month period This is the maximum that might be taken out of your money before it is ended 31 December 2024 and may vary from year to year . The ongoing charges figure excludes portfolio transaction costs (except for the custody invested or before the proceeds of your investment are paid out. transaction costs paid to the Depositary which are included). Charges taken from the Share Class over a year For more information about charges, please see the “Fees and Expenses” section of the Company’s Prospectus and the “Dealing Procedures” and Ongoing charge 0.30% “Dealing Information” sections of the Fund Supplement which are available at: www.lgim.com. Charges taken from the Share Class over a year Performance fee None *Authorised Participants dealing directly with the Company will pay related transaction costs PAST PERFORMANCE10 The Fund has been in existence since 25 April 2024. 8 This Share Class has been in existence since 25 April 2024. 6 There is insufficient data to provide a useful indicator of past performance 4 to investors. As this Unit Class has been in existence for less 2 than one calendar year, there is insufficient data to provide a useful indication of past performance. (return %) 0-2-4-6-8 -10 2020 2021 2022 20232024 ■ Share Class 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 be 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: 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: www.lgim.com. A paper copy is also available free of charge from the Manager upon request. 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 2025.