# Graniteshares 3X Long MSFT Daily ETP (3LMP)

**Source:** https://fundology.uk/fund/3lmp · ISIN XS2662640627 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, 3LMP (Graniteshares 3X Long MSFT Daily ETP, ISIN XS2662640627) closed at £19.70 on the London Stock Exchange. Its ongoing charge is 1.25% a year (about £125 on £10,000). Over the five years to 30/09/2026 its total return was −11.8%, or −31.1% 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: **£19.70** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3LMP |
| ISIN | XS2662640627 |
| 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 | £5.4m |
| Launched | 2020 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -34.80% | -36.84% | income reinvested |
| 3 years | +47.86% | +33.43% | income reinvested |
| 5 years | -11.83% | -31.07% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS 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 +16.8%, 2025 +2.6%; 2026 to 30/09/2026 −14.2%. 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: −28.8%; to 30/09/2025: +22.4%; to 30/09/2024: +76.3%; to 30/09/2023: +187.4%; to 30/09/2022: −53.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -74.2% | -76.4% | Price |
| 2023 | +441.1% | +419.6% | Price |
| 2024 | +16.8% | +12.8% | Price |
| 2025 | +2.6% | -0.9% | Price |
| 2026 to 30/09/2026 | -14.2% | -16.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 110.23% | -72.60% |
| 3 years | 80.00% | -74.23% |
| 5 years | 92.89% | -80.95% |

## Largest fall

Volatility of Graniteshares 3X Long MSFT Daily ETP in pounds, annualised from weekly returns to 30/09/2026: 110.2% over 1 year, 80.0% over 3 years, 92.9% over 5 years. Largest fall in the price of Graniteshares 3X Long MSFT Daily ETP since October 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 30/09/2026 the price of Graniteshares 3X Long MSFT Daily ETP was 38.3% below its highest weekly close since October 2021 (05/07/2024), in pounds.

## Charges compared with similar funds

Ongoing charge of Graniteshares 3X Long MSFT Daily ETP 1.25% a year, as of 01/10/2026: 102 of the 280 other leveraged and inverse products charge more, 0 the same and 178 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **1.25%** per year
- ISA eligible: yes
- SIPP eligible: yes

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.