# GraniteShares 3x Long AMD Daily ETP (LAM3) **Page:** https://fundology.uk/fund/lam3 · ISIN XS3075487713 ## 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 12/11/2026, LAM3 (GraniteShares 3x Long AMD Daily ETP, ISIN XS3075487713) closed at £286.65 on the London Stock Exchange. Its ongoing charge is 2.75% a year (about £275 on £10,000). Over the five years to 12/11/2026 its total return was +467.9%, or +343.3% after UK CPIH inflation. ## Summary GraniteShares 3x Long AMD Daily ETP is an exchange-traded product from GraniteShares, launched in 2021. 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 2.75% a year — about £275 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: **£286.65** (12/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | LAM3 | | ISIN | XS3075487713 | | Also listed as | 3LAM (London Stock Exchange, US dollars) | | Category | Leveraged & inverse | | Type | ETN / ETP | | Provider | GraniteShares | | Tracks | Solactive Daily Leveraged 3x long AMD Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 2.75% a year (£275 per £10,000) | | Fund size | £6.4m | | Launched | 2021 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/06/2025 | ## Past returns (periods to 12/11/2026) 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 | +109.14% | +101.74% | income reinvested | | 3 years | +139.00% | +115.93% | price only | | 5 years | +467.94% | +343.31% | income reinvested | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of GraniteShares 3x Long AMD Daily ETP in pounds (price, with income reinvested in the fund): 2023 +453.3%, 2024 −75.9%, 2025 +74.4%; 2026 to 12/11/2026 +213.2%. Returns of GraniteShares 3x Long AMD Daily ETP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +812.3%; to 30/09/2025: −56.8%; to 30/09/2024: +56.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | +453.3% | +431.3% | Price | | 2024 | -75.9% | -76.7% | Price | | 2025 | +74.4% | +68.5% | Price | | 2026 to 12/11/2026 | +213.2% | +203.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 207.27% | -75.99% | | 3 years | 177.84% | -97.75% | ## Largest fall Volatility of GraniteShares 3x Long AMD Daily ETP in pounds, annualised from weekly returns to 12/11/2026: 207.3% over 1 year, 177.8% over 3 years. Largest fall in the price of GraniteShares 3x Long AMD Daily ETP since October 2022, in pounds: −97.8% from 08/03/2024 to 18/04/2025. The lowest 12-month return of GraniteShares 3x Long AMD Daily ETP in pounds (price, with income reinvested in the fund) since October 2022 was −95.7% (12 months to 07/03/2025); the highest was +2517.8% (12 months to 29/05/2026). On 12/11/2026 the price of GraniteShares 3x Long AMD Daily ETP was 54.2% below its highest weekly close since October 2022 (02/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of GraniteShares 3x Long AMD Daily ETP 2.75% a year. Compared on 14/11/2026, 73 of the 210 other leveraged and inverse products charge more, 0 the same and 137 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **2.75%** per year (as of 12/11/2026) - 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 LAM3?** The ongoing charge of LAM3 is 2.75% a year — about £275 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 AMD Daily ETP 2.75% a year. Compared on 14/11/2026, 73 of the 210 other leveraged and inverse products charge more, 0 the same and 137 less (share classes counted once). **What does LAM3 track?** LAM3 tracks the Solactive Daily Leveraged 3x long AMD Index. **Is LAM3 accumulating or distributing?** LAM3 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 LAM3?** The ISIN of LAM3 is XS3075487713. An ISIN identifies one exact share class of a fund; LAM3 is its ticker on the London Stock Exchange. The same share class is also listed as 3LAM (London Stock Exchange, US dollars). **What were LAM3’s returns in each of the last five years?** Calendar-year returns of LAM3 in pounds (price, with income reinvested in the fund): 2023 +453.3%, 2024 −75.9%, 2025 +74.4%; 2026 to 12/11/2026 +213.2%. Past performance is not a guide to future returns. **How has LAM3 done after inflation?** Over the five years to 12/11/2026 LAM3’s total return was +467.9%, or +343.3% 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.