The WisdomTree Nasdaq 100 3x Daily Leveraged (QQQ3) is an Ireland-domiciled leveraged exchange-traded product issued by WisdomTree Multi Asset Issuer PLC and traded on the London Stock Exchange and other European exchanges.

The product seeks to provide three times the daily performance of the Nasdaq-100 Net Total Return Index, before the impact of fees and costs associated with maintaining leveraged exposure.

QQQ3 is a leveraged ETP providing exposure to the U.S. equity market. Its strategy uses fully collateralized swaps to target three times the daily movements of its reference index. Exposure is reset daily, meaning returns over periods longer than one day can differ significantly from three times the Nasdaq-100's cumulative return.

The Nasdaq-100 Net Total Return Index tracks the largest non-financial companies listed on Nasdaq and incorporates reinvested net dividends into its return calculation. QQQ3 seeks to amplify the index's daily movements by a factor of three, while accounting for costs inherent in maintaining leveraged exposure.

Composition / Exposure Profile

QQQ3's economic exposure is linked to companies included in the Nasdaq-100 across sectors such as:

• Information technology.

• Consumer discretionary.

• Communication services.

• Health care.

• Industrials.

• Consumer staples.

• Utilities.

• Energy.

Technology represents a significant portion of the benchmark, providing exposure to areas such as software, semiconductors, hardware, artificial intelligence, digital infrastructure, and cloud computing.

Because QQQ3 targets 3x daily leverage, both gains and losses can be amplified relative to daily movements in the index. Daily compounding also means that returns over periods longer than one day depend on the path and volatility of the market rather than solely on the Nasdaq-100's cumulative return.

Structure and Costs

QQQ3 trades in U.S. dollars on the London Stock Exchange. The same product also has listings on other European exchanges and can be traded in different currencies. 

The ETP has an annual management fee of 0.75%. Its performance is also affected by costs associated with maintaining leveraged exposure, including financing and swap costs, which may change over time. The product uses fully collateralized swaps and is issued by WisdomTree Multi Asset Issuer PLC.

QQQ3 is not designed to provide periodic income distributions. Its primary objective is to provide leveraged exposure to the daily performance of the Nasdaq-100.

History and Evolution of the ETP

The WisdomTree Nasdaq 100 3x Daily Leveraged (QQQ3) was launched in 2012 to provide leveraged exposure to the daily performance of the Nasdaq-100. Since its launch, the product has maintained a strategy designed to provide three times the daily exposure to its reference index through a leveraged, fully collateralized structure.

Throughout its history, QQQ3's performance has reflected amplified movements in the Nasdaq-100. Because of daily rebalancing, financing costs, and compounding effects, its performance over periods longer than one day can differ significantly from three times the index's cumulative return.

Additional Information

WisdomTree Nasdaq 100 3x Daily Leveraged (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $391.02 million.

Over the past 12 months, WisdomTree Nasdaq 100 3x Daily Leveraged recorded a return of 51.16%, with its price trading between $228.39 and $507.57 during the same period.

The ETF is traded under the ticker QQQ3.