# Graniteshares 3X Long MSFT Daily ETP (3LMP) **Page:** https://fundology.uk/fund/3lmp · ISIN XS2662640627 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, 3LMP (Graniteshares 3X Long MSFT Daily ETP, ISIN XS2662640627) closed at £19.42 on the London Stock Exchange. Its ongoing charge is 1.25% a year (about £125 on £10,000). Over the five years to 13/11/2026 its total return was −10.3%, or −30.0% after UK CPIH inflation. ## Summary Graniteshares 3X Long MSFT Daily ETP is an exchange-traded product from GraniteShares, launched in 2020. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 1.25% a year — about £125 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. > **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started. Latest close: **£19.42** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 3LMP | | ISIN | XS2662640627 | | Also listed as | 3LME (London Stock Exchange, euros), 3LMS (London Stock Exchange, US dollars) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | GraniteShares | | Tracks | Solactive Daily Leveraged 3x Long Microsoft Corp Index | | Income | Accumulating | | Ongoing charge | 1.25% a year (£125 per £10,000) | | Fund size | £7.8m | | Launched | 2020 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 21/08/2023 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -30.88% | -33.33% | income reinvested | | 3 years | +0.59% | -9.12% | income reinvested | | 5 years | -10.28% | -29.97% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Graniteshares 3X Long MSFT Daily ETP in pounds (price, with income reinvested in the fund): 2022 −74.2%, 2023 +441.1%, 2024 +11.5%, 2025 −1.5%; 2026 to 13/11/2026 −7.7%. Returns of Graniteshares 3X Long MSFT Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −32.9%; to 30/09/2025: +29.9%; to 30/09/2024: +76.3%; to 30/09/2023: +187.4%; to 30/09/2022: −47.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -74.2% | -76.4% | Price | | 2023 | +441.1% | +419.6% | Price | | 2024 | +11.5% | +7.7% | Price | | 2025 | -1.5% | -4.9% | Price | | 2026 to 13/11/2026 | -7.7% | -10.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 108.95% | -70.20% | | 3 years | 79.39% | -74.23% | | 5 years | 92.55% | -80.95% | ## Largest fall Volatility of Graniteshares 3X Long MSFT Daily ETP in pounds, annualised from weekly returns to 13/11/2026: 109.0% over 1 year, 79.4% over 3 years, 92.6% over 5 years. Largest fall in the price of Graniteshares 3X Long MSFT Daily ETP since November 2021, in pounds: −80.9% from 19/11/2021 to 06/01/2023. The lowest 12-month return of Graniteshares 3X Long MSFT Daily ETP in pounds (price, with income reinvested in the fund) since April 2021 was −77.8% (12 months to 04/11/2022); the highest was +574.7% (12 months to 19/01/2024). On 13/11/2026 the price of Graniteshares 3X Long MSFT Daily ETP was 39.2% below its highest weekly close since November 2021 (05/07/2024), in pounds. ## Charges compared with similar funds Ongoing charge of Graniteshares 3X Long MSFT Daily ETP 1.25% a year. Compared on 14/11/2026, 105 of the 210 other leveraged and inverse products charge more, 0 the same and 105 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **1.25%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## Questions people ask **What is the ongoing charge of 3LMP?** The ongoing charge of 3LMP is 1.25% a year — about £125 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Graniteshares 3X Long MSFT Daily ETP 1.25% a year. Compared on 14/11/2026, 105 of the 210 other leveraged and inverse products charge more, 0 the same and 105 less (share classes counted once). **What does 3LMP track?** 3LMP tracks the Solactive Daily Leveraged 3x Long Microsoft Corp Index. **Is 3LMP accumulating or distributing?** 3LMP is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of 3LMP?** The ISIN of 3LMP is XS2662640627. An ISIN identifies one exact share class of a fund; 3LMP is its ticker on the London Stock Exchange. The same share class is also listed as 3LME (London Stock Exchange, euros) and 3LMS (London Stock Exchange, US dollars). **What were 3LMP’s returns in each of the last five years?** Calendar-year returns of 3LMP in pounds (price, with income reinvested in the fund): 2022 −74.2%, 2023 +441.1%, 2024 +11.5%, 2025 −1.5%; 2026 to 13/11/2026 −7.7%. Past performance is not a guide to future returns. **How has 3LMP done after inflation?** Over the five years to 13/11/2026 3LMP’s total return was −10.3%, or −30.0% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.