Amundi LevDax Daily (2x) leveraged UCITS ETF Dist

What this fund is

Amundi LevDax Daily (2x) leveraged UCITS ETF Dist is an exchange-traded fund (ETF) from Amundi, traded under the ticker LVDX (ISIN LU2090062600). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. Rather than a manager picking stocks, it simply replicates the LevDAX Index index — the passive, low-cost approach, and its largest holdings include SIEMENS AG-REG, ALLIANZ SE-REG and SAP SE / XETRA. By geography it is weighted towards ~100% Germany.

Its heaviest sectors are ~36.1% Industrials and ~20.5% Financials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.35% a year — about €35 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class), and over the last year it paid out roughly 6.69% (its trailing yield). It tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR.

Its price has swung about 32.3% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2020. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)