ETF (UCITS compliant)

L&G DAX Daily 2x Long UCITS ETF

EUR Accumulating ETF Class

ISINIE00B4QNHH68

TER0.40%

Fund aim

The L&G DAX® Daily 2x Long UCITS ETF (the "ETF") is an exchange traded fund that aims to track the performance of the LevDAX® x2 Index (the "Index").

Important information

  • Potential for magnified losses

Potential losses in leveraged products (such as this ETF) are significantly magnified in comparison to investments that do not incorporate leverage.

  • Leveraged exposure

For periods of longer than one day, the return of the Index is not the same as the return of the Underlying Index multiplied by a factor of 2. This is because the x2 leverage factor is reset on a daily basis (i.e. the x2 leverage factor is applied to the performance of the Underlying Index on each day).
The daily reset has a “compounding effect” which means that, the more volatile the performance of the Underlying Index, the more the performance of the Index (and therefore the ETF) will deviate from the performance of the Underlying Index (multiplied by a leverage factor of 2) over a given period of time.
Accordingly, this ETF may not be a suitable investment for periods of longer than one day.

Fund facts

Fund size
Base currency EUR
Fund launch date 16 Jun 2009
Share class launch 18 Aug 2009
Domicile Ireland
Replication method Synthetic - unfunded swap backed by collateral

Benchmark

LevDAX® x2 Index

Index description

LevDAX® x2 Index Gross TR EUR

The LevDAX® x2 Index (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 30 of the largest and most liquid companies which are publically traded 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 ETF 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 ETF. As the Index rebalances daily, the ETF may not be a suitable investment for periods of longer than one day.

Index data

ProviderDeutsche Börse
Bloomberg codeD1AJ
Reuters code.LEVDAX
TypeGross Total Return
WebsiteGo to website

Performance

Performance for the EUR Accumulating unit class in EUR, launched on 18 August 2009. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF.
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. The tables and charts above shows the fund's performance as the percentage loss or gain per year over the last 10 years.
Share class launch date: 18 Aug 2009
Benchmark: LevDAX® x2 Index Gross TR EUR
Share class launch date: 18 Aug 2009
Benchmark: LevDAX® x2 Index Gross TR EUR

Performance scenarios

The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.
What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted.
The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product with input from the over the last 10 years. Markets could develop very differently in the future.

Example investment: 10,000 EUR

Data for the selected period isn't currently available

Portfolio breakdown

Top 10 constituents130.7%
Rest of Index-30.7%
Number of constituents in Underlying Index40

Top 10 constituents (%)

Siemens11.7
SAP10.8
Allianz9.2
Siemens Energy7.1
Airbus6.5
Deutsche Telekom5.2
Infineon Technologies4.5
Muench. Rueckvers.3.7
Deutsche Bank3.5
DHL3.1

Sector (%)

Industrials
34.8
Financials
21.3
Information Technology
15.3
Health Care
6.6
Consumer Discretionary
5.8
Communication Services
5.5
Utilities
4.6
Materials
4.3
Consumer Staples
1.0
Real Estate
0.7

All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. The breakdowns shown relate to the Underlying Index.

Loading recommendations…

Fund managers

ETF Investment Management Team

Legal & General Investment Management Limited is the investment manager for this ETF and is responsible for its day-to-day investment management decisions. The team is highly experienced with respect to all aspects relating to the management of an ETF portfolio, including collateral management, OTC swap trading, adherence to UCITS regulations and counterparty exposure and monitoring.

Literature

Prices

Pricing information

Price time17.30 CET (EU)
CurrencyEUR
Monthly price history

Download full price history

Please note that a maximum of 10 years price history is available.

Listings and codes

Listings

ExchangeCurrencyTickerISINBloombergWKNReutersListing dateTrading hours (local)
London Stock Exchange
EURDEL2IE00B4QNHH68DEL2 LNA0X895DEL2.L22/06/200908:00 - 16:30
London Stock Exchange
GBPDL2PIE00B4QNHH68DL2P LNA0X895DL2P.L22/06/200908:00 - 16:30
Borsa Italiana
EURDEL2IE00B4QNHH68DEL2 IMA0X895DEL2.MI29/01/201009:00 - 17:30
Deutsche Börse Xetra
EURDEL2IE00B4QNHH68DEL2 GYA0X895XDEL2.DE18/08/200909:00 - 17:30

Share class codes

ISINIE00B4QNHH68
SEDOLB4QNHH6
BloombergDEL2
WKNA0X895

Dealing information

IssuerLegal & General UCITS ETF Plc
Depositary and TrusteeThe Bank of New York Mellon SA/NV, Dublin Branch
Securities regulatorCentral Bank of Ireland

Country registration

This share class is registered for sale in the following countries:

Germany
Ireland
Italy
Netherlands
Norway
Spain
United Kingdom