Legal & General L&G Emerging Markets Government Bond (Local Currency) Index Fund

The Fund will aim to replicate the Index using a sampling approach which will attempt to ensure the Fund has similar characteristics as the Index whilst not necessarily holding all of the constituents of the Index. The Fund uses index ‘sampling’ techniques to select securities as it could be expensive and inefficient to buy and sell all of the equities held in the Index. The fund selects a representative sample of securities in the Index that approximate the full Index in terms of key risk factors and other characteristics. These factors include , but are not limited to, industry weights, country weights, market capitalisation and other financial characteristics of bonds. Investors should note there is the risk that the bonds selected for the Fund, in the aggregate, will not provide investment performance matching that of the Index and while the Fund is expected to track the Index as closely as possible, it typically will not match the performance of the targeted Index exactly. The anticipated annual tracking error, in normal market conditions, relative to the Index is 0.25%. Details of the tracking error in the Fund will be disclosed in the annual and semi-annual accounts of the ICAV. Factors which are likely to affect the ability of the Fund to track the performance of the Index include, but are not limited, to, transaction costs (from Index turnover and income reinvestment), portfolio weightings not being exactly the same as the Index, small amounts of cash not being invested, illiquid components of the Index, trading restrictions in some currencies and withholding tax. From time to time non Index constituents may be held as a result of a corporate action by an entity which is included in the Index (e.g. a spin-off, share takeover or merger of a company listed in the Index) or anticipated index events (e.g. investing in certain bonds in advance of them being added to the Index or holding bonds for a period of time after they have been removed from the Index) and these holdings, where they remain non Index constituents will be sold or transferred as soon as reasonably practicable. The value of the underlying assets of the Fund will directly reflect their market values and may fall or rise in value and as such the Fund may experience moderate volatility.