WisdomTree PHLX Semiconductor 3x Daily Leveraged is a fully collateralised, UCITS eligible Exchange Traded Product (ETP) designed to provide investors with a leveraged exposure to the PHLX Semiconductor Sector Net Total Return Index. The ETP provides a total return comprised of 3 times the daily performance of the PHLX Semiconductor Sector Net Total Return Index (SOXNTR), adjusted to reflect fees and costs inherent to maintaining a leveraged position in stocks. For example, if the PHLX Semiconductor Sector Net Total Return Index rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However if the PHLX Semiconductor Sector Net Total Return Index falls by 1% over a day, then the ETP will fall by 3%, excluding fees.