This document is intended for Investors and Investment Professionals31 January 2025 Fact Sheet This is a marketing communication. Please refer to the prospectus of the fund and to the key investor information document before making any final investment decisions. ETF IndexShort and leveragedETF (UCITS compliant) L&G DAX Daily 2x Short UCITS ETF EUR Accumulating ETF ClassFund aimImportant information Fund facts The L&G DAX® Daily 2x Short UCITS ETF (the • Potential for magnified losses “ETF”) is an exchange traded fund that aims Fund size €35.6m Potential losses in leveraged products (such to track the performance of the ShortDAX® as this ETF) are significantly magnified Listing date18 Aug 2009 x2 Index (the “Index”). More information on in comparison to investments that do not Base currency EUR the Index can be found on page 2 of this incorporate leverage. document.DomicileIreland • Leveraged exposure For periods of longer than one day, the return Who is this fund for? of the Index is not the same as the return of Index • This ETF is designed for investors who: the Underlying Index multiplied by a factorShortDAX® x2 Index Gross TR EUR (1) understand the risks involved in investing of 2. This is because the x2 leverage factor Index ticker in a product with leveraged exposure; is reset on a daily basis (i.e. the x2 leverageSHRTDAX2 (2) intend to invest on a short term basis; and factor is applied to the performance of the Underlying Index on each day). Replication method (3) are able to bear the risk of losing their entire investment. The daily reset has a “compounding effect” Synthetic - unfunded swap backed by which means that, the more volatile the per- collateral • This fund is not designed for investors who cannot afford more than a minimal loss of formance of the Underlying Index, the more their investment. the performance of the Index (and therefore Availability the ETF) will deviate from the performance • If you do not understand the informationof the Underlying Index (multiplied by a ISA and SIPP eligible in this document, the key investor leverage factor of 2) over a given period of information document and the prospectus, UK Fund Reporting Status time. we recommend that you seek additional Accordingly, this ETF may not be a suitable information or advice to help you decide if investment for periods of longer than one Ongoing charge 0.60% this ETF is suitable for you. day.Performance (%) EUR Accumulating class 200 1 month 6 months 1 year 3 years 5 years 100 l NAV ‑15.68 ‑25.62 ‑35.74‑52.49 ‑78.50 0 l Index‑15.73 ‑25.77 ‑35.67‑51.68 ‑77.88 -100 Relative +0.05+0.15 ‑0.07 ‑0.81 ‑0.62Jan 21Jan 22 Jan 23 Jan 24 Jan 25Rolling 12-month performance To 31 December20242023202220212020 2019 2018 201720162015 NAV ‑24.63 ‑28.59 8.92 ‑31.55 ‑34.40 ‑41.58 35.44 ‑25.81 ‑25.28 ‑30.98 Index ‑24.46 ‑27.96 9.72 ‑31.19 ‑33.99 ‑41.11 37.29 ‑24.65 ‑24.08 ‑28.26 Relative ‑0.17 ‑0.63 ‑0.80 ‑0.36 ‑0.41 ‑0.47 ‑1.85 ‑1.16 ‑1.20 ‑2.72 Performance for the EUR Accumulating ETF class, listed on 18 August 2009. Source: Lipper. Performance assumes all ETF charges have been taken and that all income generated by the investments, after deduction of tax, remains in the ETF. Past performance is not a guide to the future. Fact Sheet L&G DAX® Daily 2x Short UCITS ETF | EUR Accumulating ETF Class 31 January 2025 Index breakdown The breakdowns below relate to the Underlying Index. All data source LGIM unless otherwise stated. Totals may not sum to 100% due to rounding. l Top 10 constituents 63.4% l Rest of Underlying Index 36.6% Number of constituents in Underlying Index 40 Currency (%)Sector (%) Top 10 constituents (%) l EUR 100.0l Industrials 26.6SAP 15.6 l Financials 20.1Siemens 10.2 l Information Technology 18.3Allianz 7.9 l Consumer Discretionary 10.4Deutsche Telekom7.5 l Communication Services 7.5 Airbus 6.4 l Health Care5.7 Muench. Rueckvers. 4.5 l Materials 4.7 Adidas 3.0 l Utilities 3.0 Deutsche Börse 2.9 l Consumer Staples 1.7 Infineon Technologies 2.7 l Other 2.0 BASF2.7Country (%) 🇩🇪 Germany 100.0 Index description The ShortDax® x2 Index (the “Index”) is a leveraged inverse index. The daily percentageInvestment manager change in the level of the Index is intended to reflect twice the daily percentage change in theLegal & General Investment Management level of the DAX® Index (the "Underlying Index") on an inverse basis plus an implied amountLimited is the investment manager for reflecting the interest accruing on the cash proceeds earned from the sale of the Underlyingthis ETF and is responsible for its day-to- Index portfolio (the "Interest Rate") less an implied amount reflecting the cost of borrowingday investment management decisions. the Underlying Index portfolio so as to create the leveraged exposure (the "Borrowing Cost").The team is highly experienced with The Underlying Index is comprised of 30 of the largest and most liquid companies which respect to all aspects relating to the are publically traded on the Frankfurt Stock Exchange. Size is determined by reference to management of an ETF portfolio, the total market value of the proportion of a company’s shares that are freely tradable by the including collateral management, OTC public (i.e. not subject to any restrictions or fixed ownership) and “liquidity” is determined swap trading, adherence to UCITS by reference to how actively a company’s shares are traded). Each company is weighted regulations and counterparty exposure according to its relative size.and monitoring. In tracking the Index, the ETF is exposed on each day to an inverse multiple (by a factor of 2) of that day’s movement in the value of the Underlying Index as adjusted to reflect the Interest Rate and Borrowing Cost built into the Index and charges and expenses applied to the ETF. As the Index rebalances daily, the ETF may not be a suitable investment for periods of longer than one day. This document is intended for Investors and Investment Professionals. 2 of 5 Fact Sheet L&G DAX® Daily 2x Short UCITS ETF | EUR Accumulating ETF Class31 January 2025 Key risksRisk and reward profile • The value of an investment and any income taken from it is not guaranteed and can go down as well as up; you may not get back the amount you originally invested. 1 2 3 4 5 67 • General investment risks: An investment in this ETF involves a significant degree of risk.Lower riskHigher risk Any decision to invest should be based on the information contained in the key investor Potentially lower rewards Potentially higher rewards information document and the prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertainThis ETF is rated 7 due to the nature of the suitability of this ETF as an investment to their own circumstances.its investments and its risks. • Potential losses in leveraged products (such as this ETF) are significantly magnified inThe rating is calculated based on comparison to investments that do not incorporate leverage.historical data and may not be a reliable • For periods of longer than one day, the return of the Index is not the same as the inverse indication of the ETF’s future risk profile. return of the Underlying Index multiplied by a factor of 2. This is because the x2 leverageThe risk category may shift over time. factor is reset on a daily basis (i.e. the x2 leverage factor is applied to the inverse performance of the Underlying Index on each day). The daily reset has a “compounding The lowest category on the above scale effect” which means that, the more volatile the performance of the Underlying Index, the does not mean “risk free”. more the performance of the Index (and therefore the ETF) will deviate from the inverse performance of the Underlying Index (multiplied by a leverage factor of 2) over a given period of time. • If a swap counterparty is no longer willing or able to continue entering into swaps with the ETF, the ETF will not be able to continue tracking the Index. • If a swap counterparty increases the cost of entering into swaps with the ETF, the ETF’s performance will be negatively impacted. • Third party service providers (such as swap counterparties or the ETF’s depositary) may go bankrupt and fail to pay money due to the ETF or return property belonging to the ETF. • If the Index provider stops calculating the Index or if the ETF’s license to track the Index is terminated, the ETF may have to be closed. • It may not always be possible to buy and sell ETF shares on a stock exchange or at prices closely reflecting the NAV. • There is no capital guarantee or protection on the value of the ETF. Investors can lose all the capital invested in the ETF. • Please refer to the “Risk Factors” section of the Issuer’s Prospectus and the Fund Supplement. • This Fund may have underlying investments that are valued in currencies that are different from the currency of this share class, in which case exchange rate fluctuations will impact the value of your investment. In addition, the return in the currency of this share class may be different to the return in your own currency. For more information, please refer to the key investor information document on our website. Trading information Country registration Exchange Currency ISIN SEDOL Ticker Bloomberg GermanyIrelandItaly London Stock Exchange EURIE00B4QNHZ41B4QNHZ4 DES2 DES2 LN NetherlandsNorway Spain London Stock Exchange GBPIE00B4QNHZ41B554N24 DS2P DS2P LN Borsa Italiana EURIE00B4QNHZ41B50Y6T7 DES2 DES2 IMUnited Kingdom Deutsche Börse EURIE00B4QNHZ41BDC72K3 DES2 DES2 GY The currency shown is the trading currency of the listing. This document is intended for Investors and Investment Professionals. 3 of 5 Fact Sheet L&G DAX® Daily 2x Short UCITS ETF | EUR Accumulating ETF Class31 January 2025 Important information A copy of the English version of the prospectus from us upon request. For further information includes, inter alia, information on certain risks of the Fund is available on LGIM Fund Centreon our products (including the product associated with an investment. The price of any and may also be obtained from Legal & General prospectuses), please visit our website. securities may go up or down and an investor Investment Management, 2 Dublin Landings, The shares (the “Shares”) discussed in thismay not get back the amount invested. Investors Office 1-W-131, North Dock, Dublin 1, Ireland. document are issued in relation to the relevantshould only invest in a currency-hedged share Where required under national rules, the keysub-fund (or share class(es) thereof) describedclass if they are willing to forego potential gains investor information document will also be in this document (together, the “Fund”). from appreciations in the currencies in which available in the local language of the relevantthe Fund’s assets are denominated against the EEA Member State. A summary of investor Copyright © 2025 Legal & General. This currency of denomination of the relevant hedged rights associated with an investment in the document is subject to copyright. Any share class. Currency hedging employed with Fund shall be available from www.lgim.com/ unauthorised use is strictly prohibited. All rightsrespect to the hedged share classes aims to investor_rights are reserved. reduce currency risk rather than to eliminate it We are also obliged to disclose that theNo investment advice: We are required to clarify completely. Investors should also refer to the Management Company has the right to that we are not acting for you in any way in risk factor entitled “Currency” in the section of terminate the arrangements made for relation to the investment or investment activity the Prospectus entitled “Risk Factors”. marketing. to which this document relates. In particular, we Short and leveraged: Short and leveraged will not provide any investment services to youexchange-traded products are only intended for A decision may be taken at any time to and or advise you on the merits of, or make any terminate the arrangements made for theinvestors who understand the risks involved in recommendation to you in relation to, the termsinvesting in a product with short and leveraged marketing of the Fund in any EEA Member of any transaction. None of our representatives State in which it is currently marketed. In such exposure and who intend to invest on a are authorised to behave in any way which short-term basis. Any investment in short and circumstances, Shareholders in the affected EEA would lead you to believe otherwise. We are not, Member State will be notified of this decision leveraged products should be monitored on therefore, responsible for providing you with the a daily basis to ensure consistency with your and will be provided with the opportunity toprotections afforded to some of our clients and redeem their shareholding in the Fund free investment strategy. You should understand you should seek your own independent legal,that investments in leveraged exchange-traded of any charges or deductions for at least 30investment and tax or other advice as you see working days from the date of such notification. products held for a period of longer than one fit. day may not provide returns equivalent to the This is a marketing communication. Please refer United States information: This document return from the relevant unleveraged investment to the prospectus of the Fund and to the KIID is not, and under no circumstances is to bemultiplied by the relevant leverage factor. before making any final investment decisions. construed as, an advertisement or any otherPotential losses in leveraged exchange-traded In the United Kingdom and outside the step in furtherance of a public offering of shares products may be magnified in comparison European Economic Area, this document in the United States or any province or territory to investments that do not incorporate these is issued by Legal & General Investment thereof, where none of the Fund or the Shares strategies. Please refer to the section entitled Management Limited, authorised and regulatedare authorised or registered for distribution “Risk Factors” in the relevant prospectus by the Financial Conduct Authority, No. 119272. and where no prospectus of the Fund hasfor further details of these and other risks Registered in England and Wales No. 02091894been filed with any securities commission or associated with an investment in short and with registered office at One Coleman Street, regulatory authority. Neither this document norleveraged exchange-traded products. You London, EC2R 5AA. any copy hereof should be taken, transmitted orshould consult an independent investment In the European Economic Area, this documentdistributed (directly or indirectly) into the United adviser prior to making an investment in a is issued by LGIM Managers (Europe) Limited,States. Neither the Fund nor any of the Shares short and leveraged exchange-traded product authorised by the Central Bank of Ireland ashave been or will be registered under the United in order to determine its suitability to your a UCITS management company (pursuantStates Securities Act of 1933 or the Investmentcircumstances. to European Communities (Undertakings for Company Act of 1940 or qualified under any Prospectus: Investors should refer to the Collective Investment in Transferable Securities) applicable state securities statutes. section entitled “Risk Factors” in the Fund’s Regulations, 2011 (S.I. No. 352 of 2011), asNo guarantee of accuracy: This documentprospectus for further details of these and amended) and as an alternative investment may contain independent market commentary other risks associated with an investment in fund manager with “top up” permissions whichprepared by us based on publicly available the Shares. The information in this document is enable the firm to carry out certain additional information. We do not warrant, guarantee or designed solely for use in the relevant countries MiFID investment services (pursuant to the otherwise confirm the accuracy or correctness in which the Fund has been registered for public European Union (Alternative Investment Fund of any information contained herein and anydistribution and is not intended for residents Managers) Regulations 2013 (S.I. No. 257 of opinions related to product or market activity of any other countries. The distribution of the 2013), as amended). Registered in Ireland with may change. Any third party data providers prospectus and the offering, sale and delivery of the Companies Registration Office (No. 609677). used to source the information in this documentShares in other jurisdictions may be restricted Registered Office: 70 Sir John Rogerson’s Quay, make no warranties or claims of any kind by law. Dublin, 2, Ireland. Regulated by the Central Bank relating to such data. For United Kingdom investors: The Fund is a of Ireland (No. C173733). Historical performance is no indication of recognised scheme under section 264 of the LGIM Managers (Europe) Limited operates a future performance: Any historical performance Financial Services and Markets Act 2000 and so branch network in the European Economic Area, included in this document may be based on the prospectus may be distributed to investors which is subject to supervision by the Central back testing. Back testing is the process of in the United Kingdom. Copies of all documents Bank of Ireland. In Italy, the branch office of evaluating an investment strategy by applying (i.e. the prospectus, the key investor information LGIM Managers (Europe) Limited is subject it to historical data to simulate what the document, the latest annual audited report and to limited supervision by the Commissione performance of such strategy would have been. financial statements and semi-annual unaudited Nazionale per le società e la Borsa (“CONSOB”) However, back tested performance is purely report and financial statements and the and is registered with Banca d’Italia (no. hypothetical and is provided in this document constitution) are available in the United Kingdom 23978.0) with registered office at Piazza della solely for informational purposes. Back tested from www.lgim.com. Repubblica 3, Milano 20121, (Companies’ data does not represent actual performance For Austrian investors: Investors should base Register no. MI - 2557936). In Germany, the and should not be interpreted as an indication of their investment decision only on the relevant branch office of LGIM Managers (Europe) actual or future performance. prospectus, the Key Information Document, any Limited is subject to limited supervision by theNo offer for sale: The information contained insupplements or addenda thereto, copies of the German Federal Financial Supervisory Authority this document is neither an offer for sale nor Memorandum and Articles of Association and (“BaFin”). In the Netherlands, the branch officea solicitation of an offer to buy securities. This the annual and semi-annual report, which can of LGIM Managers (Europe) Limited is subjectdocument should not be used as the basis for be obtained free of charge upon request at the to limited supervision by the Dutch Authority any investment decision. Paying and Information Agent in Austria, Erste for the Financial Markets (“AFM“) and it isBank der oesterreichischen Sparkassen AG, included in the register held by the AFM andRisk Warnings: The Shares are products involving a significant degree of risk and may Graben 21, 1010 Wien, Österreich and on www. registered with the trade register of the Chamber lgim.com. of Commerce under number 74481231. not be suitable for all types of investor. Any Details about the full extent of our relevant decision to invest should be based on the authorisations and permissions are availableinformation contained in the prospectus of the Fund (or any supplements thereto) which This document is intended for Investors and Investment Professionals. 4 of 5 Fact Sheet L&G DAX® Daily 2x Short UCITS ETF | EUR Accumulating ETF Class 31 January 2025 For Dutch investors: The Fund has beenand the annual and semi-annual report, can registered with the Netherlands Authority for the be obtained free of charge upon request at Financial Markets following the UCITS passport- the Paying and Information Agent in Germany, procedure pursuant to section 2:72 of the Dutch HSBC Trinkaus & Burkhardt AG, Königsallee Financial Supervision Act.21-23, 40212 Düsseldorf and on www.lgim. For French investors: In France, this material is com. The current offering and redemption prices intended exclusively for professional investors as well as the net asset value and possible (as defined under the MIFID) investing fornotifications of the investors can also be their own account and this material may not requested free of charge at the same address. We are one of Europe’s largest asset in any way be distributed to the public. The This document is a marketing communication managers and a major global investor, with Fund is a UCITS governed by Irish legislation within the meaning of Section 63 para. 6 of the assets under management of £1,122.2 billion and approved by the Central Bank of Ireland German Securities Trading Act (WpHG). It is not (as at 30 June 2024). We work with a wide as UCITS compliant with European regulations investment research within the meaning of Art. range of global clients, including pension although may not have to comply with the 36 of the Commission Delegated Regulation schemes, sovereign wealth funds, fund same rules as those applicable to a similar (EU) 2017/565 and therefore does not meet all distributors and retail investors. product approved in France. The Fund has legal requirements designed to promote the independence of investment research and is not Source: LGIM internal data as at 30 June been registered for marketing in France by2024. The AUM disclosed aggregates the the Authority Financial Markets (Autorité des subject to any prohibition on dealing ahead of the dissemination of investment research. assets managed by LGIM in the UK, LGIMA in Marchés Financiers) and may be distributed to the US and LGIM Asia in Hong Kong (2018- investors in France. Copies of all documents For Norwegian Investors: The Fund has been (i.e. the prospectus, any supplements or registered with the Financial Supervisory 2019 only). The AUM includes the value of addenda thereto, the latest annual reports, the Authority of Norway (Finanstilsynet), and may securities and derivatives positions. memorandum of incorporation and articles of be marketed and sold to professional investors association and Key Information Document) are in Norway. available in France, free of charge, at the FrenchFor Swiss investors: The Fund described in this Centralizing Agent, Société Générale, Securities document will be distributed in Switzerland Services, at 1-5 rue du Débarcadère, 92700exclusively to qualified investors as defined Colombes - France. Any subscription for Sharesin the Swiss Collective Investment Schemes of the Fund will be made on the basis of the Act and its implementing ordinance. The terms of the prospectus and any supplements representative and paying agent in Switzerland or addenda thereto. is State Street Bank International GmbH, For German investors: Investors should base Munich, Zurich Branch, Beethovenstrasse 19, their investment decision only on the relevant8027 Zurich, Switzerland. The prospectus, prospectus and the Key Information Document. the key information document, the articles of The offering of the Shares of the Fund hasassociation and the annual and semi-annual been notified to the German Financial Servicesreports relating to the Fund are available free of Supervisory Authority (BaFin) in accordance charge from the representative in Switzerland. with section 310 of the German Investment As regards distribution in Switzerland, the Code (KAGB). The Key Information Document place of jurisdiction and performance is at the (in the German language), the prospectus, any registered seat of the representative. supplements or addenda thereto, copies of the Memorandum and Articles of Association Contact us Call 0345 070 8684 Email fundsales@lgim.com Visit lgim.com Lines are open Monday to Friday 8.30am to 6.00pm. We may record and monitor calls. Call charges will vary. Index disclaimer The Fund is neither sponsored nor promoted, under statutory law, the Licensor will not berecommendation by the Licensor for a capital distributed or in any other manner supported liable vis-à-vis third parties for potential errors in investment or contains in any manner a warranty by Deutsche Börse AG (the “Licensor”). Thethe ShortDAX® x2 Index and/or the DAX® Index.or opinion by the Licensor with respect to the Licensor does not give any explicit or implicit Moreover, there is no obligation for the Licensorattractiveness on an investment in the Fund. warranty or representation, neither regarding the vis-à-vis third parties, including investors, to In its capacity as sole owner of all rights to results deriving from the use of the ShortDAX®point out potential errors in the ShortDAX® x2 the ShortDAX® x2 Index, the DAX® Index x2 Index and/or the DAX® Index or the terms Index and/or the DAX® Index. and the Index Trademarks, the Licensor has ShortDAX® and DAX® (together, the “Index Neither the publication of the ShortDAX® x2 solely licensed to the Promoter of the Fund the Trademarks”) nor regarding the index value of Index and the DAX® Index by the Licensor utilisation of the ShortDAX® x2 Index and the ShortDAX® x2 Index and/or the DAX® Index at nor the granting of a license to the Company’s Index Trademarks as well as any reference to a certain point in time or on a certain date nor in Promoter regarding the ShortDAX® x2 Indexthe ShortDAX® x2 Index, the DAX® Index and any other respect. The ShortDAX® x2 Index and as well as the Index Trademarks for utilisation the Index Trademarks in connection with the the DAX® Index are calculated and published byin connection with the Fund, which is derivedFund. the Licensor. Nevertheless, as far as admissible from the ShortDAX® x2 Index, represents a This document is intended for Investors and Investment Professionals. 5 of 5