L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating EUR is a equity ETF from L&G tracking the Gerd Kommer Multifactor Equity index through physical replication. Domiciled in Ireland and launched in 2023, the fund manages about 1.3 bn € and charges a TER of 0.45% — 45 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Accumulating EUR competes with 175 other products in the same class and region (Equity, Global): it ranks 34th by fund size and 93rd by ongoing cost, with a TER of 0.45% against a group median of 0.40%. It has been listed since 2023, 3 years of track record.
On a €10,000 investment the TER costs 45 € a year, against 40 € for the median product in the category.
Replication is physical: the fund holds the underlying securities directly. The ten largest positions account for 11.1% of the portfolio.
Income is accumulated: no distribution is paid out, the share price absorbs it. In a savings plan this removes the need to reinvest dividends by hand. The fund is denominated in USD. That is not the same as currency risk: the exposure comes from the currencies of the underlying holdings, not from the denomination or the trading currency of a given listing.
Irish domicile lets the fund apply the Ireland–US tax treaty, with 15% withholding instead of 30% on US dividends received by the fund.
| Micron Technology Inc | 2.8% |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 1.1% |
| SK Hynix Inc | 1.0% |
| Visa Inc. Class A | 1.0% |
| Apple Inc. | 1.0% |
| NVIDIA Corporation | 0.9% |
| Microsoft Corporation | 0.9% |
| KLA Corporation | 0.8% |
| Advanced Micro Devices Inc | 0.8% |
| Mastercard Inc | 0.8% |
| Borsa Italiana | GERD | EUR |
| XETRA | GERD | EUR |
Source: the fund's KID and the issuer's official documentation — data verified as of July 2026.
This page is informational and is not an investment recommendation. Figures may contain errors or be out of date: always check the KID and the issuer's factsheet before any decision.