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GraniteShares

3LAP

GraniteShares 3x Long Apple Daily ETP

Product Description

GraniteShares 3x Long Apple 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 Apple Inc Index that seeks to provide 3 times the daily performance of Apple shares.

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

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Key Facts

  Fact Sheet
  Fact Sheet
  KID
Ticker
3LAP
Underlying Stock
Apple
Leverage Factor
+3x
Base Currency
USD
Total Daily Ongoing Cost
0.0059%
Value per ETP Security as of 12 August 2020
$9.2093
Dividend
Reinvested

Overview

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3LAP XS2193969883 BM97G74
1 Month 3 Months YTD 1 Year 3 Year Since
Inception

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 3LAP XS2193969883 BM97G74

1 Month 3 Months YTD 1 Year 3 Year Since
Inception

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.

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