Legal & General (DEL2) DAX Daily 2x Long UCITS ETF (EUR)

The ETFS DAX® Daily 2x Long GO UCITS ETF (the "Fund") is designed to track the performance of the LevDAX® x2 Index (the “Tracked Index”). The Tracked Index is a strategic index that is designed to provide twice the daily percentage change in the level of the DAX® Index (the "Underlying Index") less an implied amount reflecting the cost of borrowing additional capital to invest in the index portfolio to create the leveraged position (the “Financing Cost”). This magnified exposure is known as 'leveraged' exposure. For example, if the Underlying Index was to decrease in value by 5% on a particular day, the Tracked Index is designed to decrease in value by 10% on that day, subject to the adjustment for the Financing Cost. The Fund is designed to reflect the performance of the Tracked Index, minus fees and expenses. The Fund is an exchange traded fund ("ETF"). Shares in the ETF can be created and redeemed on demand by authorised participants and are traded on exchange. The ETF is authorised and regulated as a UCITS and is eligible for investment by other UCITS. The ETF is backed by unfunded swaps. The ETF gains exposure to the Index via a swap and counterparty exposure is mitigated by a combination of cash and eligible securities. The Bank of New York Mellon managess the securities posted as collateral. Details of the collateral held can be found in the Collateral section of the ETF Securities website (www.etfsecurities.com).

• Leverage200
• Currency hedgingNo

• Value Assessment review date31 May 2025
• Value Assessment next review date31 May 2026
• Is Assessment of Value required under COLL?No
• Outcome of COLL Assessment of Value -
• Outcome of PRIN Value Assessment or review -
• Other review related to value and or chargesFund costs have been reviewed and are in line with ESMA's briefing on supervision of costs in UCITS and AIFs or relevant NCA supervisory activity
• Further information-