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ETFS Leveraged Lead (LLEA)
Investment objective
The Price of ETFS Leveraged Lead (LLEA) will change daily by 200% the daily percentage change in the DJ-UBS Lead Sub-IndexSM (before fees and adjustments) and accrues a daily capitalised interest return.
Suitability
ETFS Short and Leveraged Commodity Securities are only suitable for sophisticated investors who understand shorting and leveraged techniques and investment strategies. Please see the Prospectus for a full explanation of how ETFS Short and Leveraged Commodity Securities work and for an explanation of the risks associated with ETFS Short and Leveraged Commodity Securities.
Safety and Structure
The ETC is a debt security issued by ETFS Commodity Securities Ltd (CSL), which is ring-fenced from ETF Securities. The commodity exposure is obtained from experienced third parties (Commodity Contract Counterparties) and whose obligations are secured with Eligible Collateral covering 100% of the outstanding value. The collateral is mark to market daily and held by the collateral manager in a segregated account.
 CSL Counterparty Risk Factsheet Prospectus
Index Description
The Dow Jones-UBS Commodity IndexesSM and its different sub indexes are composed of exchange-traded commodity futures contracts rather than physical commodities and reflect the return of a rolling, fully collateralised investment in commodity futures.
DJ-UBS Commodity Indices Calculation Primer Rolling Calendar
Liquidity
ETCs trade on regulated stock exchanges like equities and their pricing and tracking operate similar to Exchange Traded Funds (ETF). ETCs are traded in three currencies (USD, EUR and GBP) by multiple market makers that can create/redeem over US$1 billion of new ETCs daily on demand.
Exchange List Market Makers List Brokers List
Daily security data
Click here for information on how NAV is determined
Click here to view the latest LSE trading and price performance
Key facts
| Inception date |
February '08 |
| Management fee |
0.98% p.a. |
| Currency |
USD |
| Minimum investment |
One security |
| Type of security |
Secured, undated, zero-coupon note |
| Taxes |
No stamp duty or SDRT |
| Index |
200% of the daily percentage change of the DJ-UBS Lead Sub-IndexSM |
Trading information
Exchange |
London Stock Exchange |
| Exchange code |
LLEA |
| Bloomberg code |
LLEA LN < Equity > |
| Reuters code |
LLEA.L |
| SEDOL |
B2NFTZ3 |
| ISIN |
JE00B2NFTZ32 |
Allocation
1) The NAV (Net Asset value or Price) of each Leveraged Commodity Security is generally calculated in the following way: NAV (as at the last business day) x {1 + Capital Adjustment + [(2) x the underlying index return]}, except in some cases specific extended formula will apply, such as Market Disruption, and the NAVs shown will be an indicative NAV. Please refer to the prospectus for more details of the methodology.
More details can be obtained on the detailed pricing page for ETFS Leveraged Commodity Securities.
Each DJ-UBS Commodity Index is available on the following website: www.djindexes.com
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