L&G DAX® Daily 2x Long UCITS ETF ISIN IE00B4QNHH68, Ticker DL2P

 
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Strategy of L&G DAX® Daily 2x Long UCITS ETF

Investment strategy

The LevDAX® index tracks the two times leveraged performance of the DAX® index on a daily basis. The DAX® index tracks the 30 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange.

 

LevDAX® (2x) (2)

Equity (12) Germany (5)

Quote

GBP 251.50
Last quote
18/09/19
183.71 52 weeks low/high 266.32
52 weeks low/high
 
 

Risk and fees of L&G DAX® Daily 2x Long UCITS ETF

Risk

GBP 24 m
Fund size
Fund size category

Replication

Synthetic (Unfunded swap)
Legal structure ETF
Strategy risk Leverage
Fund currency EUR

Currency risk

Currency unhedged
Volatility 1 year (in GBP) 30.28% Risk category
Inception Date 15 June 2009
Maximum drawdown
since inception (in EUR)
-49.77%
Maximum drawdown period 29 Months

Fees

0.41% p.a.
Total expense ratio
0.04% Compare 1.90%
Compare (Equity)

Dividend/ Taxes

Distribution policy Accumulating
Distribution frequency -
Fund domicile Ireland

Legal structure

Fund Structure -
UCITS compliance Yes
Fund Provider ETFSecurities
Administrator BNY Mellon Fund Services (Ireland) Designated Activity Company
Investment Advisor GO ETF Management Limited
Custodian Bank BNY Mellon Trust Company (Ireland) Limited
Revision Company KPMG
Fiscal Year End 30 June
Swiss representative State Street Fondsleitung AG
Swiss paying agent State Street Bank International GmbH, München, Zweigniederlassung Zürich

Tax Status

Germany Tax transparent
Switzerland No ESTV Reporting
Austria Tax Reporting Fund
UK UK Reporting
EU Savings Directive Out of Scope

Replication, swap, securities lending

Indextype Total return index
Swap counterparty Merrill Lynch International
Collateral manager BNY Mellon Fund Services (Ireland) Limited
Securities lending No
Securities lending counterparty
 
 
 

Performance of L&G DAX® Daily 2x Long UCITS ETF

Return

1 year: 0.71%
Performance (incl. dividend)
Return in:
 
YTD 2018 2017 2016 2015
32.83% -34.95% 28.15% 25.58% 5.24%
1 month 3 months 6 months 1 year 3 years
11.23% 3.21% 14.39% 0.71% 37.63%
 

Description of L&G DAX® Daily 2x Long UCITS ETF

The L&G DAX® Daily 2x Long UCITS ETF tracks the leveraged development of the index.

The total expense ratio amounts to 0.41% p.a.. The fund replicates the performance of the underlying index synthetically with a swap. The L&G DAX® Daily 2x Long UCITS ETF is a small ETF with 24m GBP assets under management. The ETF is older than 5 years and is domiciled in Ireland.
 

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— All quotes are 15 minutes delayed stock exchange quotes or NAVs (=daily published by fund provider). Quotes and reference data provided by Xignite, Inc., etfinfo and justETF GmbH. Returns include dividend payments. There is no warranty for completeness, accuracy and correctness for the displayed information.
Source:ETFinfo
 

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