L&G DAX Daily 2x Long UCITS ETF

The Fund is a passively managed exchange traded Fund that aims to track the performance of the LevDAX x2 Index (the " Index "), subject to the deduction of the ongoing charges and other costs associated with operating the Fund. Shares in this Share Class (the " Shares ") are denominated in EUR and can be bought and sold on stock exchanges by ordinary investors using an intermediary (e.g. a stockbroker). In normal circumstances, only Authorised Participants may buy and sell Shares directly with the Company. Authorised Participants may redeem their Shares on demand in accordance with the "Dealing Timetable" published on http://www.lgim.com . The index is a leveraged index. The daily percentage change in the level of the Index is intended to reflect twice the daily percentage change in the level of the DAX Index (the "Underlying Index") less an implied amount reflecting the cost of borrowing additional capital to invest in the Underlying Index portfolio so as to create the leveraged exposure (the "Financing Cost"). The Underlying Index is comprised of 40 of the largest and most liquid companies that are listed on the Frankfurt Stock Exchange. Size is determined by reference to the total market value of the proportion of a company's shares that are freely tradable by the public (i.e. not subject to any restrictions or fixed ownership) and "liquidity" is determined by reference to how actively a company's shares are traded). Each company is weighted according to its relative size. In tracking the Index, the Fund is exposed on each day to a multiple (by a factor of 2) of that day's movement in the value of the Underlying Index less the Financing Cost built into the Index and charges and expenses applied to the Fund. As the Index rebalances daily, the Fund may not be a suitable investment for periods of longer than one day. In order to track the Index, the Company will primarily enter into "total return swap" agreements with one or more "swap counterparties" (i.e. inves

Synthetic replication - unfunded swap backed by collateral

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No