Market Insights
Can the Magnificent Seven Keep Driving U.S. Markets?
Can the Magnificent Seven Still Power U.S.
ISIN:
XS2399367502
3x Long Semiconductors
Top Holdings:
Overview
What is the 3x Long Semiconductors ETP?
The 3x Long Semiconductor ETP delivers amplified exposure to the companies driving the global semiconductor industry – from AI chip designers and advanced foundries to equipment manufacturers, memory producers and the networking infrastructure innovators. The strategy invests in an equally weighted diversified basket of Leverage Shares’ own 3x long ETPs, each providing leveraged exposure to a leading semiconductor company. Holdings are rebalanced semi-annually, ensuring balanced exposure across the semiconductor value chain while preventing any single constituent from dominating the portfolio. The result is a concentrated, high-conviction vehicle for investors seeking leveraged access to the companies at the heart of the AI, cloud computing and digital infrastructure revolution through a single allocation.
The Entire Semiconductor Value Chain
3x leveraged exposure to the companies powering the semiconductor industry - from AI chip designers and advanced foundries to equipment manufacturers, memory leaders and networking innovators. Concentrated and Purposeful.
Diversified by Design
An equal-weighted basket of leading semiconductor companies. Semi-annual rebalancing in June and December, to maintain balanced exposure across the value chain and reduce single-stock concentration.
One Trade, Complete Semiconductor Exposure
Access the companies driving AI, cloud computing and next-generation digital infrastructure through a single ETP, eliminating the need to select individual winners.
NAV as of 12 Oct 2026
$15.37
52 WK: $6.08 – $37.45
1 Day NAV Change
-1.43 (-8.51%)
as of 12 Oct 2026
NAV Total Return
YTD: 92.74%
as of 12 Oct 2026
AUM
$7,655,813
as of 12 Oct 2026
Holdings
Full Holdings (.csv)Listings & Tickers
Key Facts
Investment Advisor
- Company Name
- Investor Relations
- Compliance Contact
- Company Website
- Contact
- Regulator
Structure
- Structure
- ETP
- Domicile
- Ireland
- Replication Method
- Physical
- Dividends
- Reinvested
- Underlying Asset
- BASKET
- Target Weights
- Rebalance Frequency
Fees
- Annual Management Fee
- 0.00%
- Interest Paid On Cash Balances
- Performance Fee
- Share Creation Fee
Tax & Legal
- ISA
- Eligible
- SIPP
- Eligible
- UK Fund Reporting Status
- Yes (effective 01/07/2025)
- US IRS Sec 871(m)
- Not applicable
- Today's Borrow Rate
Passported Countries:
United Kingdom
Italy
Germany
France
Spain
Netherlands
Ireland
Poland
Belgium
Sweden
Norway
Austria
* The information on this website regarding UK Fund Reporting Status is accurate as of the stated effective date (the "Effective Date"). Leverage Shares makes no representation or warranty that such information will remain accurate, complete or current thereafter, assumes no obligation to update it, and, to the fullest extent permitted by applicable law, accepts no responsibility or liability for any inaccuracies or omissions arising after the Effective Date.
Key Services Providers
- Issuer
- Leverage Shares plc
- Arranger
- Leverage Shares Management Company Limited
- Trustee
- Apex Corporate Trustees (UK) Limited
- Issuing and Paying Agent
- U.S. Bank Europe DAC
- Registrar
- U.S. Bank Europe DAC
- Portfolio Administrators
- Flexinvest Limited
- Stock Borrowing Provider and Custodian
- Interactive Brokers LLC, Morgan Stanley & Co. LLC and/or Pershing LLC
- Determination Agent
- Calculation Agent Services LLC
- Initial Authorised Participant
- BNP Paribas Arbitrage S.N.C.,Virtu Financial Ireland Limited, Flow Traders and others
- Sponsor
Fact Sheet
Reportable Income
UK Fund Reporting
EMT
Supplemental Trust Deeds
Supplement (CBI)
07 July 2026
Supplement (FCA)
07 July 2026
Prospectus (CBI)
11 June 2026
Prospectus (FCA)
09 June 2026
Prospectus (CBI)
13 March 2026
Prospectus (FCA)
13 March 2026
Prospectus (CBI)
23 June 2025
Prospectus (FCA)
23 June 2025
Prospectus (CBI)
17 July 2024
Prospectus (FCA)
17 July 2024
Prospectus (CBI)
15 March 2024
Prospectus (FCA)
15 March 2024
Prospectus (CBI)
18 October 2023
Prospectus (FCA)
18 October 2023
Prospectus (CBI)
04 May 2023
Prospectus (FCA)
04 May 2023
Supplement
01 June 2022
Prospectus
16 May 2022
Prospectus
07 December 2021
Supplement
08 October 2021
Supplement
17 September 2021
Supplement
06 May 2021
Supplement
04 March 2021
Prospectus
18 December 2020
Prospectus
06 November 2020
Prospectus
05 February 2020
Half Financial Year Ended
31.12.2025
Financial Year Ended
30.06.2025
Half Financial Year Ended
31.12.2024
Financial Year Ended
30.06.2024
Half Financial Year Ended
31.12.2023
Financial Year Ended
30.06.2023
Half Financial Year Ended
31.12.2022
Financial Year Ended
30.06.2022
Half Financial Year Ended
31.12.2021
Financial Year Ended
30.06.2021
Half financial year ended
31.12.2020
Financial Year Ended
30.06.2020
Half Financial Year Ended
31.12.2019
For the Year Ended
30.06.2019
From 01.07.18 to 31.12.18
31.12.2018
From 27.01.17 to 30.06.18
30.06.2018
Notices
Latest Notice
07.10.2026
Notice of Rebalancing Modification
18.09.2026
Batch Notification
11.09.2026
Notice Appointment of Authorised Participants
26.08.2026
Notification of New Series
21.07.2026
Batch Notification
13.07.2026
Notice of Investment Strategy
19.06.2026
Notice to ETP Securityholders
03.06.2026
Notices of Investment Strategy Modifications
21.05.2026
Batch Notification
30.04.2026
Notification of New Series
24.03.2026
Notification of New Series
23.03.2026
Batch Notification
11.03.2026
Notices of Investment Strategy Modifications
31.10.2025
Notice of Publication of Audited Financial Statements
06.08.2025
Updated to IB Margin Account Agreement
08.05.2025
Notice Appointment of Additional Authorised Participant
16.01.2025
Notice to ETP Securityholders
02.10.2024
Notice of Amended & Restated Margin Account Agreement
29.07.2024
Notice of Appointment of Pershing as Additional Margin Load Provider
17.07.2024
Notice of Deed of Amendment and Restatement
10.07.2024
Notice of Increase in Margin Rate
02.11.2023
Notice of Late Filing of Audited Financial Report
27.10.2023
Notice of Amended Final Terms
19.10.2023
Notice to ETP Securityholders
20.09.2023
Notice of Migration to IB LLC
04.05.2023
Notice of Amended and Restated Conditions
13.12.2022
Notice of Result of Adjourned Meeting
09.12.2022
Notice of Extension of Deadline
29.11.2022
Notice of Delisting from Euronext Paris
12.10.2022
Intraday Rebalance
19.08.2022
Notice of Mandatory Redemption
16.08.2022
Notice of Amended and Restated Master Trust Deed
08.08.2022
Mandatory Redemption
20.07.2022
Intraday Rebalance
18.07.2022
Intraday Rebalance
15.07.2022
Intraday Rebalance
01.07.2022
Intraday Rebalance
21.06.2022
Intraday Rebalance
14.06.2022
Notice of Delisting
13.06.2022
Intraday Rebalance
24.05.2022
Intraday Rebalance
13.05.2022
Intraday Rebalance
12.05.2022
Intraday Rebalance
12.05.2022
Notice of Waiver of Arranger Fee
09.05.2022
Intraday Rebalance
05.05.2022
Intraday Rebalance
05.05.2022
Notice of Issuer Call Redemption
27.04.2022
Notice of Issuer Call Redemption
20.04.2022
Intraday Rebalance
29.03.2022
Notice of Waiver of Arranger Fee
23.03.2022
Notice of Series Name Change
16.03.2022
Intraday Rebalance
14.03.2022
Intraday Rebalance
10.03.2022
Intraday Rebalance
07.03.2022
Notice of Delisting from CBOE Europe Limited.
18.02.2022
Intraday Rebalance
16.02.2022
Intraday Rebalance
03.02.2022
Intraday Rebalance
02.02.2022
Intraday Rebalance
31.01.2022
Intraday Rebalance
21.01.2022
Intraday Rebalance
31.12.2021
Intraday Rebalance
07.12.2021
Notice of Amended and Restated Terms and Conditions
05.12.2021
Notice of Intraday Rebalance and Issuer Call Redemption
05.12.2021
Notice to ETP Securityholders
23.11.2021
Notice of Intraday Rebalance
18.11.2021
Notice of Change of Portfolio Administrator
16.11.2021
Notice to ETP Securityholders
09.11.2021
Notice to ETP Securityholders
08.10.2021
Notice of Arranger Fee Increase
27.09.2021
Notice of Change of Portfolio Administrator
17.09.2021
Notice of Fee Decrease
17.09.2021
Notice of Fee Increase
31.08.2021
Intraday Rebalance
12.04.2021
Notice of Cross Listing
26.01.2021
Notice of Cross Listing (Euronext Paris)
12.01.2021
Notice of Cross Listing (Euronext Amsterdam)
23.12.2020
Notice of Termination of Service Providers
18.12.2020
Notice of Confirmation of Migration to ICSD
08.12.2020
Notice of Migration to ICSD
27.11.2020
Notice of Change of Issuing and Paying Agent
27.10.2020
Notice of Change of Service Providers
Frequently Asked Questions about the 3x Long Semiconductors ETP
The Leverage Shares 3x Long Semiconductors ETP (ISIN XS2399367502) is an exchange traded product (ETP) that seeks to deliver three times (3x) the daily performance of VanEck Vectors Semiconductor ETF. It is listed on the following exchanges: London Stock Exchange, Euronext Amsterdam, Deutsche Börse Xetra.
The Leverage Shares 3x Long Semiconductors ETP has an annual management fee of 0%.
The Leverage Shares 3x Long Semiconductors ETP achieves leverage through margin borrowing. It has physical ownership of the underlying, and therefore does not use swaps or other derivatives to achieve its exposure. It does not have credit risk, because the Series has physical ownership of the underlying and does not use derivatives, like swaps, to achieve its leverage.
The Leverage Shares 3x Long Semiconductors is an exchange traded product, not an ETF. ETPs are structured as debt securities and lie outside the remit of UCITS. While not UCITS compliant, they may be UCITS eligible, meaning they are capable of being an eligible investment for another UCITS fund. It trades on exchange in the same way as a share.
The Leverage Shares 3x Long Semiconductors ETP is designed for short term trading. It rebalances daily to maintain its 3x exposure to VanEck Vectors Semiconductor ETF. Held for longer than one day, returns may differ from 3x the return of the underlying over that period, because of daily rebalancing and compounding.
Volatility decay is the effect of daily rebalancing and compounding on a leveraged product. When VanEck Vectors Semiconductor ETF moves up and down repeatedly, compounding erodes value, and the effect is stronger the higher the leverage and the longer the holding period. This means the Leverage Shares 3x Long Semiconductors ETP can lose value over time even if the underlying ends up flat.
An investor in the Leverage Shares 3x Long Semiconductors ETP cannot lose more than the amount they invest. You could lose the full value of your investment if VanEck Vectors Semiconductor ETF moves against the ETP by more than one-third (roughly 33%) in a single day. An intraday rebalance mechanism ("airbag") is designed to cushion the largest intra-day moves, triggering at 16.67%.
Yes. Alongside the Leverage Shares 3x Long Semiconductors ETP, the Leverage Shares -3x Short Semiconductors ETP (ISIN XS3005160257) provides -3x exposure to VanEck Vectors Semiconductor ETF.
The Leverage Shares 3x Long Semiconductors ETP does not pay dividends. It has physical ownership of the underlying, and any dividends received are reflected in the value of the ETP.
The Leverage Shares 3x Long Semiconductors ETP is designed for short term trading, not long-term investing. Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns. Only use these ETPs if you can monitor your positions daily.
The Leverage Shares 3x Long Semiconductors ETP is 100% backed with the underlying using a margin loan for long ETPs and with cash for short ETPs. Leverage Shares does not use derivatives, like swaps, to offer leveraged exposures.
Experienced investors may use the Leverage Shares 3x Long Semiconductors ETP for a variety of strategies. Some examples include responding to technical indicators, acting on earnings or news announcements, and hedging existing exposures in a portfolio. The recommended holding period is one day.
The Leverage Shares 3x Long Semiconductors ETP can be traded through brokerage accounts that have access to the exchanges where it is listed. It trades on the following exchanges, each with the ticker(s) to search on that exchange:
- London Stock Exchange: SMH3 (USD), SM3E (EUR), 3SMH (GBP)
- Euronext Amsterdam: 3SMH (EUR)
- Deutsche Börse Xetra: 3SIC (EUR)
Related Articles
Market Insights
Market Insights
Best Performing AI ETFs in 2025
AI Frenzy Drives Record Flows into ETFs Artificial Intelligence (AI) is one of the defining megatrends of the 2020s, transforming industries and the global economy.
Market Insights
The Magnificent 7 Earnings Growth is Fading
Magnificent 7 year-over-year earnings growth has slowed for a fifth consecutive quarter Magnificent 7 stocks underperform the broader market YTD amid mixed earnings, tariffs uncertainty and concerns about rising company expenditures Nicknamed the Magnific
