Fact Sheet
Alphabet Q2 Earnings Report 2023
18 Sep, 2023 | GraniteShares
3LAL
3x Leverage Alphabet (GOOG) ETP
Leverage the daily return of Alphabet (GOOG) stocks with 3x Long Alphabet ETP. Available for trading on London Stock Exchange, Euronext Paris, Borsa Italiana.
3LAL 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.
GraniteShares +3x Alphabet is available in EUR,GBX,USD
What is Alphabet (GOOG)
Alphabet Inc is a holding company created in 2015 following a vast reorganization at Google. Alphabet is Google’s parent company. Alphabets’ subsidiaries offer various services including web-based search, hardware solutions, software applications, enterprise solutions, hardware products, maps, and advertisements. For most, Google was synonymous with a search engine, perhaps also for some mailbox. But since its creation, the group has grown enormously, and by the creation of this holding, not only the other brands of the group can be more visible, but also more efficient: each one is now more autonomous.
Key Facts
Tickers (Trading Currency)
3LAL (EUR) / 3LAL (USD) / 3LGE (EUR) / 3LGP (GBX)
ISIN
XS2675292309
Underlying Stock
Leverage Factor
+3x
Base Currency
USD
Total Daily Ongoing Cost
0.0055%
Value per ETP Security as of 26 September 2023
$29.22968071
Dividend
Reinvested
Related Products
Related Research
3x Leverage Alphabet (GOOG) ETP OVERVIEW
ETP SECURITY OVERVIEW
Base Currency
USD
Listing Date
29 Jun 2020
Dividend Treatment
Reinvested
Exchange Ticker
3LAL (EUR) / 3LAL (USD) / 3LGE (EUR) / 3LGP (GBX)
Index Name
Solactive Daily Leveraged 3x Long Alphabet Inc Index
DAILY PERFOMANCE (AS OF 26 Sep 2023)
Value Per ETP Security
29.22968071 USD
Daily Change
-1.81987500 USD
Daily Return
-5.86%
AUM
2,094,599 USD
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
Belgium
Finland
France
Germany
Italy
Netherlands
Portugal
Spain
Sweden
LISTING AND CODES for 3x Leverage Alphabet (GOOG) ETP
| Exchange | Trading Currency |
Ticker | ISIN | SEDOL | WKN |
|---|---|---|---|---|---|
| London Stock Exchange | USD | 3LAL | XS2675292309 | BMZ8DQ9 | |
| London Stock Exchange | EUR | 3LGE | XS2675292309 | BMZ8DR0 | |
| London Stock Exchange | GBX | 3LGP | XS2675292309 | BMZ8DS1 | |
| Euronext Paris | EUR | 3LAL | XS2675292309 | BMZ8DT2 | |
| Borsa Italiana | EUR | 3LAL | XS2679084603 | BNT9FQ9 |
INDEX & PERFORMANCE of 3x Leverage Alphabet (GOOG) ETP
INDEX DETAILS
Index Name
Solactive Daily Leveraged 3x Long Alphabet Inc Index
Base Trading Currency
USD
Index Provider
Solactive
Index Ticker
DE000SL0AS85
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 Alphabet (GOOG) 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.
