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GraniteShares

3LMS

GraniteShares 3x Long Microsoft Daily ETP

Product Description

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

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

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Key Facts

  Fact Sheet
  Fact Sheet
  KID
Ticker
3LMS (USD) / 3LME (EUR) / 3LMP (GBX)
Underlying Stock
Microsoft
Leverage Factor
+3x
Base Currency
USD
Total Daily Ongoing Cost
0.0054%
Value per ETP Security as of 21 June 2021
$9.24098465
Dividend
Reinvested
Granite Shares

Overview

Exchange Trading
Currency
Ticker ISIN SEDOL WKN
London Stock Exchange USD 3LMS XS2193970204 BM97G96
London Stock Exchange EUR 3LME XS2193970204 BKVCSX3
London Stock Exchange GBX 3LMP XS2193970204 BKVCTX0
1 Month 3 Months YTD 1 Year 3 Year Since
Inception
3LMS Return 21.88% 43.13% 62.86% - - 84.82%
Benchmark Return 22.08% 43.86% 64.36% - - 88.50%

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 3LMS XS2193970204 BM97G96
London Stock Exchange EUR 3LME XS2193970204 BKVCSX3
London Stock Exchange GBX 3LMP XS2193970204 BKVCTX0

1 Month 3 Months YTD 1 Year 3 Year Since
Inception
3LMS Return 21.88% 43.13% 62.86% - - 84.82%
Benchmark Return 22.08% 43.86% 64.36% - - 88.50%

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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