# Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy (3MST)

**Source:** https://fundology.uk/fund/3mst · ISIN XS3304269429 · 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, 3MST (Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy, ISIN XS3304269429) closed at £18.56 on the London Stock Exchange. Its ongoing charge is 0.01% a year (about £1 on £10,000). Over the year to 30/09/2026 its total return was −98.7%, or −98.7% after UK CPIH inflation.

## Summary

Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy is an exchange-traded fund (ETF) from Leverage Shares, launched in 2024. 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 0.01% a year — about £1 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: **£18.56** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | 3MST |
| ISIN | XS3304269429 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | Leverage Shares |
| Tracks | Euronext 3x Long MicroStrategy Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.01% a year (£1 per £10,000) |
| Fund size | £35.7m |
| Launched | 2024 |
| 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 | -98.71% | -98.75% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy in pounds (price, with income reinvested in the fund): 2025 −98.6%; 2026 to 30/09/2026 −83.0%. Returns of Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −98.5%; to 30/09/2025: −62.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | -98.6% | -98.7% | Price |
| 2026 to 30/09/2026 | -83.0% | -83.5% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 227.11% | -99.70% |

## Largest fall

Volatility of Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy in pounds, annualised from weekly returns to 30/09/2026: 227.1% over 1 year. Largest fall in the price of Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy since September 2024, in pounds: −100.0% from 22/11/2024 to 31/07/2026. The lowest 12-month return of Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy in pounds (price, with income reinvested in the fund) since September 2024 was −99.8% (12 months to 17/07/2026); the highest was −34.6% (12 months to 03/10/2025). On 30/09/2026 the price of Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy was 99.9% below its highest weekly close since September 2024 (22/11/2024), in pounds.

## Charges compared with similar funds

Ongoing charge of Leverage Shares Public Limited Company Exchange Traded Product 2024-25.09.74 on MicroStrategy 0.01% a year, as of 01/10/2026: 254 of the 280 other leveraged and inverse products charge more, 16 the same and 10 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.01%** per year
- ISA eligible: yes
- SIPP eligible: yes

---

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.