# L&G Russell 2000 US Small Cap Quality UCITS ETF (RTWP) **Page:** https://fundology.uk/fund/rtwp · ISIN IE00B3CNHJ55 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, RTWP (L&G Russell 2000 US Small Cap Quality UCITS ETF, ISIN IE00B3CNHJ55) closed at £102.94 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was +33.8%, or +4.5% after UK CPIH inflation. ## Summary L&G Russell 2000 US Small Cap Quality UCITS ETF is an exchange-traded fund (ETF) from L&G, launched in 2008. It tracks the Russell 2000 0.4 Quality Target Exposure Factor Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£102.94** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | RTWP | | ISIN | IE00B3CNHJ55 | | Also listed as | RTWO (London Stock Exchange, US dollars), ETLZ (Xetra, euros) | | Category | Smaller companies | | Type | ETF | | Provider | L&G | | Tracks | Russell 2000 0.4 Quality Target Exposure Factor Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.30% a year (£30 per £10,000) | | Fund size | £180m | | Launched | 2008 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/07/2010 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +17.84% | +13.67% | income reinvested | | 3 years | +56.28% | +41.19% | income reinvested | | 5 years | +33.82% | +4.45% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of L&G Russell 2000 US Small Cap Quality UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −8.9%, 2023 +13.4%, 2024 +12.5%, 2025 +1.9%; 2026 to 13/11/2026 +17.5%. Returns of L&G Russell 2000 US Small Cap Quality UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +16.6%; to 30/09/2025: +9.1%; to 30/09/2024: +13.7%; to 30/09/2023: +1.2%; to 30/09/2022: −3.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -8.9% | -16.6% | Price | | 2023 | +13.4% | +8.9% | Price | | 2024 | +12.5% | +8.7% | Price | | 2025 | +1.9% | -1.6% | Price | | 2026 to 13/11/2026 | +17.5% | +13.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 13.36% | -6.99% | | 3 years | 17.35% | -26.21% | | 5 years | 17.89% | -26.21% | ## Largest fall Volatility of L&G Russell 2000 US Small Cap Quality UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 13.4% over 1 year, 17.3% over 3 years, 17.9% over 5 years. Largest fall in the price of L&G Russell 2000 US Small Cap Quality UCITS ETF since November 2021, in pounds: −26.2% from 22/11/2024 to 11/04/2025. The lowest 12-month return of L&G Russell 2000 US Small Cap Quality UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −12.5% (12 months to 11/04/2025); the highest was +41.5% (12 months to 17/04/2026). On 13/11/2026 the price of L&G Russell 2000 US Small Cap Quality UCITS ETF was 4.5% below its highest weekly close since November 2021 (26/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of L&G Russell 2000 US Small Cap Quality UCITS ETF 0.30% a year. Compared on 14/11/2026, 19 of the 36 other smaller-company funds charge more, 3 the same and 14 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.30%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of RTWP?** The ongoing charge of RTWP is 0.30% a year — about £30 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of L&G Russell 2000 US Small Cap Quality UCITS ETF 0.30% a year. Compared on 14/11/2026, 19 of the 36 other smaller-company funds charge more, 3 the same and 14 less (share classes counted once). **What does RTWP track?** RTWP tracks the Russell 2000 0.4 Quality Target Exposure Factor Index - Benchmark TR Net. **Is RTWP accumulating or distributing?** RTWP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of RTWP?** The ISIN of RTWP is IE00B3CNHJ55. An ISIN identifies one exact share class of a fund; RTWP is its ticker on the London Stock Exchange. The same share class is also listed as RTWO (London Stock Exchange, US dollars) and ETLZ (Xetra, euros). **What were RTWP’s returns in each of the last five years?** Calendar-year returns of RTWP in pounds (price, with income reinvested in the fund): 2022 −8.9%, 2023 +13.4%, 2024 +12.5%, 2025 +1.9%; 2026 to 13/11/2026 +17.5%. Past performance is not a guide to future returns. **How has RTWP done after inflation?** Over the five years to 13/11/2026 RTWP’s total return was +33.8%, or +4.5% after UK CPIH inflation. Past performance is not a guide to future returns. ## Fund documents - [Fund page at L&G](https://fundcentres.landg.com/en/uk/private-investors/fund-centre/ETF/Russell-2000-US-Small-Cap/IE00B3CNHJ55/) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.