NASDAQ 100® 3x Leverage Daily ETP
Boost NASDAQ 100® 3x Leverage Daily ETP is a fully collateralised, UCITS eligible Exchange-Traded Product. The ETP tracks the NASDAQ-100® 3x Leveraged Notional Net Return index, providing three times the daily performance of the NASDAQ-100® Notional Net Total Return index, adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks.
For example, if the NASDAQ 100 rises by 1%, then the ETP will rise by 3%, excluding fees. However, if the NASDAQ 100 falls by 1%, then the ETP will fall by 3%, excluding fees.
ETP RISK WARNING
The Boost Issuer Plc exchange traded products (ETPs) are only intended for investors who understand the associated risks. The short and/or leveraged products involve numerous risks including general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETPs, exchange rate and interest risks, and for our Delta One products, swap counterparty risk. You should consult an investment adviser who can help determine whether or not the products are suitable for you.
The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.
- Price (NAV) (27 Apr 2017) $693.05
- Base/Trading Currency USD/USD
- Daily Change (27 Apr 2017) 1.64%
- Leverage Factor 3x
- ISIN IE00B8W5C578
- Bloomberg Ticker QQQ3 LN
- Index Name NASDAQ-100® 3x Leveraged Notional Net Return Index
- Index Bloomberg Ticker XNDXL3
Further Legal and Tax Information
|Further Legal and Tax Information|
|UK Fund Reporting Status||Yes|
|Physical Assets||Yes (Collateral)|
|Replication Method||Fully Collaterised Swap|
|Annual Management Fee Rate||0.75%|
|Daily Swap Rate||0.00000%|
Listings & Codes
|London Stock Exchange|
|Bloomberg Ticker||LQQ3 LN|
|Listing Date||15 Mar 2017|
|London Stock Exchange|
|Bloomberg Ticker||QQQ3 LN|
|Listing Date||13 Dec 2012|
|Bloomberg Ticker||3QQQ GY|
|Listing Date||13 Nov 2014|
|Bloomberg Ticker||QQQ3 IM|
|Listing Date||25 Feb 2014|
NASDAQ-100® 3X LEVERAGED NOTIONAL NET RETURN INDEX
The NASDAQ-100® 3x Leveraged Notional Net Return Index aims to replicate the daily performance of the NASDAQ-100 Notional Net Total Return Index multiplied daily by three and adjusted to reflect certain inherent costs and revenues of maintaining the long positions required to achieve that aim.
The NASDAQ-100 Notional Net Total Return Index is a net total return version of the NASDAQ-100 index, which is composed of 100 of the largest non-financial securities listed on The NASDAQ StockMarket® (NASDAQ®) based on market capitalization. It does not contain securities of financial companies including investment companies.
|Index ID Card|
|Index Name||NASDAQ-100® 3x Leveraged Notional Net Return Index|
|Leverage Method||Daily Rebalancing|
|Documents and Links|
Boost Collateral Details
|Details||27 Apr 2017|
|Collateral Coverage Ratio||105.6%|
|Custodian||Bank of New York Mellon|
Boost is an independent boutique Exchange Traded Product (“ETP”) provider and as such it is independent from any investment bank, swap provider, trustee or custodian. Boost ETPs have a robust and transparent collateral structure, which Boost believes offers investors a best of breed counterparty risk model, where investors’ interests are aligned with Boost's.
NASDAQ OMX trademarks referenced herein are trademarks of NASDAQ OMX and have been licensed for use by Boost Issuer PLC. The securities incorporating NASDAQ OMX indexes are not created, sponsored, endorsed, recommended or promoted by NASDAQ OMX and NASDAQ OMX shall have any no liability in connection with the securities.