# GraniteShares 3x Long AMD Daily ETP (LAM3)

**Source:** https://fundology.uk/fund/lam3 · ISIN XS3075487713 · 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, LAM3 (GraniteShares 3x Long AMD Daily ETP, ISIN XS3075487713) closed at £545.21 on the London Stock Exchange. Its ongoing charge is 2.75% a year (about £275 on £10,000). Over the five years to 30/09/2026 its total return was +1043.4%, or +793.8% 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: **£545.21** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | LAM3 |
| ISIN | XS3075487713 |
| 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 | £10.8m |
| Launched | 2021 |
| 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 | +949.47% | +916.54% | income reinvested |
| 3 years | +487.22% | +433.17% | price only |
| 5 years | +1043.40% | +793.83% | income reinvested |

Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS 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 −75.8%, 2025 +61.0%; 2026 to 30/09/2026 +543.1%. 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: +997.8%; to 30/09/2025: −64.1%; to 30/09/2024: +56.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2023 | +453.3% | +431.3% | Price |
| 2024 | -75.8% | -76.6% | Price |
| 2025 | +61.0% | +55.4% | Price |
| 2026 to 30/09/2026 | +543.1% | +525.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 213.16% | -73.98% |
| 3 years | 168.79% | -97.75% |

## Largest fall

Volatility of GraniteShares 3x Long AMD Daily ETP in pounds, annualised from weekly returns to 30/09/2026: 213.2% over 1 year, 168.8% 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 30/09/2026 the price of GraniteShares 3x Long AMD Daily ETP was 11.6% below its highest weekly close since October 2022 (25/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of GraniteShares 3x Long AMD Daily ETP 2.75% a year, as of 01/10/2026: 71 of the 280 other leveraged and inverse products charge more, 0 the same and 209 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **2.75%** 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.