The fund is designed to provide a total return comprised of three times the daily performance of the Solactive Natural Gas Commodity Futures SL Index (the "Benchmark"), plus the interest revenue earned on the collateralised amount. For example, if the index rises by 1% over a day, then the ETP will rise by 3%. However if the index falls by 1% over a day, then the ETP will fall by 3%. In both cases excluding fees and interest revenue. Holding this product for more than one day is likely to result in a return which is different to 3 times the return of the Benchmark over that holding period. This difference, called the ''Compounding Effect'', is caused by the product's daily leverage rebalancing, and is magnified by more leverage and longer holding periods. Compounding may have a positive or negative impact on the product's return, but tends to have a negative impact the higher the volatility of the Benchmark.
