Leverage Shares 2X Long FPS Daily ETF (FPSX)

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FPSX is designed to make bullish bets on the stock price of Forgent Power Solutions (FPS) through swap agreements. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to FPS's daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should FPS's value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if FPS's performance strengthens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.