L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF

The Fund is a passively managed exchange traded Fund that aims to track the performance of the FTSE 100 Daily Leveraged 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 GBP 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 FTSE 100 Net Dividend Total Return 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 the 100 largest companies (determined by reference to the total market value of a company's shares) which are publically traded in the UK. Each company is weighted according to the total market value of the proportion of its shares that are freely tradable by the public (i.e. not subject to any restrictions or fixed ownership). 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. investment banks) pursuant to which the Fund receives the financi

Synthetic replication - unfunded swap backed by collateral

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No