Fact Sheet
Everything You Need to Know About ETPs
16 Dec, 2020 | GraniteShares
3LGL
3x Leverage Glencore (GLEN) ETP
Leverage the daily return of Glencore plc (GLEN) stocks with 3x Long Glencore ETP. Available for trading on London Stock Exchange.
3LGL Product Description
GraniteShares 3x Long Glencore 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 Glencore PLC Index that seeks to provide 3 times the daily performance of Glencore plc shares.
For example, if Glencore plc rises by 1% over a day, then the ETP will rise by 3%, excluding fees and other adjustments. However, if Glencore plc falls by 1% over a day, then the ETP will fall by 3%, excluding fees and other adjustments.
What is Glencore plc (GLEN) ?
Glencore plc is a diversified natural resources company. The Company operates in three groups, metals and minerals, energy products, and agricultural products. Glencore offers its products and services around the world.
Key Facts
Tickers (Trading Currency)
3LGL
ISIN
XS2712624423
Underlying Stock
Leverage Factor
+3x
Base Currency
GBP
Total Daily Ongoing Cost
0.0107%
Value per ETP Security as of 26 September 2023
£4.62224110
Dividend
Reinvested
Related Products
Related Research
3x Leverage Glencore (GLEN) ETP OVERVIEW
ETP SECURITY OVERVIEW
Base Currency
GBP
Listing Date
04 Nov 2019
Dividend Treatment
Reinvested
Exchange Ticker
3LGL
Index Name
Solactive Daily Leveraged 3x Long Glencore PLC Index
DAILY PERFOMANCE (AS OF 26 Sep 2023)
Value Per ETP Security
4.62224110 GBP
Daily Change
-0.04070000 GBP
Daily Return
-0.87%
AUM
1,109,338 GBP
STRUCTURE
Structure
ETP
Replication Method
Synthetic
Domicile
Ireland
ACCOUNT ELEGIBILITY AND TAX STATUS
ISA
Eligible
SIPP
Eligible
UK Reporting Status
Yes
KEY SERVICE PROVIDERS
Issuer
GraniteShares Financial Plc
Issuing and Paying Agent
The Bank of New York Mellon, London Branch
Trustee
BNY Mellon Corporate Trustee Services Ltd
Swap Provider
Natixis
Swap Collateral Custodian
The Bank of New York Mellon SA/NV
Auditor
Grant Thornton
REGISTERED COUNTRIES
UK
Ireland
PASSPORTED COUNTRIES
Austria
Belgium
Denmark
Finland
France
Germany
Italy
Netherlands
Luxembourg
Norway
Portugal
Spain
Sweden
LISTING AND CODES for 3x Leverage Glencore (GLEN) ETP
| Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
|---|---|---|---|---|---|
| London Stock Exchange | GBX | 3LGL | XS2712624423 | BNV0BP1 |
INDEX & PERFORMANCE of 3x Leverage Glencore (GLEN) ETP
INDEX DETAILS
Index Name
Solactive Daily Leveraged 3x Long Glencore PLC Index
Base Trading Currency
GBP
Index Provider
Solactive
Index Ticker
DE000SLA8TS8
Leverage Factor
3x
Download performance history
View performance chart| 1 Month | 3 Months | YTD | 1 Year | 3 Year | Since Inception |
|---|
COLLATERAL Details of 3x Leverage Glencore (GLEN) ETP
Collateral Coverage Ratio
100%
Collateralised
Yes
Collateral Custodian
The Bank of New York Mellon SA/NV
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.
