Loading...

GraniteShares

3LAL

GraniteShares 3x Long Alphabet Daily ETP

Product Description

GraniteShares 3x Long Alphabet Daily ETP is a collateralised, Exchange-Traded Product (ETP). The ETP tracks, excluding fees and other adjustments, the performance of the Solactive Daily Leveraged 3x Long Alphabet Inc Index that seeks to provide 3 times the daily performance of Alphabet shares.

For example, if Alphabet rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Alphabet falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.

This product is available in USD, EUR, GBX

Related Products

Key Facts

  Fact Sheet
  Fact Sheet
  KID
Tickers (Trading Currency)
3LAL (USD) / 3LGE (EUR) / 3LGP (GBX)
Underlying Stock
Alphabet
Leverage Factor
+3x
Base Currency
USD
Total Daily Ongoing Cost
0.0049%
Value per ETP Security as of 23 September 2021
$31.09429998
Dividend
Reinvested
Granite Shares

OVERVIEW

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3LAL XS2193968307 BM97G30
London Stock Exchange EUR 3LGE XS2193968307 BKVCSQ6
London Stock Exchange GBX 3LGP XS2193968307 BKVCTQ3
1 Month 3 Months YTD 1 Year 3 Year Since Inception
3LAL Return 1.63% 50.10% 277.83% 547.34% - 521.89%
Benchmark Return 1.78% 50.78% 282.71% 559.00% - 666.29%

Understanding Collateral


Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the collateralised ETPs' change in value and in the outstanding number of securities. The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian.

OVERVIEW

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3LAL XS2193968307 BM97G30
London Stock Exchange EUR 3LGE XS2193968307 BKVCSQ6
London Stock Exchange GBX 3LGP XS2193968307 BKVCTQ3

1 Month 3 Months YTD 1 Year 3 Year Since Inception
3LAL Return 1.63% 50.10% 277.83% 547.34% - 521.89%
Benchmark Return 1.78% 50.78% 282.71% 559.00% - 666.29%

Understanding Collateral


Collateralised ETP Securities are backed with collateral, subject to eligibility criteria, to protect investors in event of default. The amount of collateral posted by the Swap Counterparty is held and valued by an independent custodian in a segregated account and is adjusted daily and reflects the collateralised ETPs' change in value and in the outstanding number of securities. The Bank of New York Mellon SA/NV serves as the Swap Collateral Custodian.

Request a meeting or need more information

Please get in touch

© 2021 GraniteShares. All rights reserved.