| Investment Objective: |
The Leverage Shares 2x Long AXTI Daily ETF (AXTL) is a 2x Daily Leveraged (Bull) exchange traded fund (ETF) designed to provide 200% (2x) the daily performance of AXT stock (AXTI), minus fees and expenses. The Fund is an actively managed ETF. The Fund invests at least 80% of its net assets in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of the Underlying Security, on a daily basis, consistent with the Fund's investment objective. The Fund seeks to achieve its investment objective through the use of derivative instruments, including swap agreements and options contracts, as well as, to a lesser extent, direct investments in the Underlying Security. As part of its investment strategy, the Fund may invest in a combination of standardized exchange-traded and FLexible EXchange ("FLEX") call and put options contracts based on the value of the price returns of the Underlying Security. AXT, Inc. is a materials science company that develops and produces high-performance compound and single-element semiconductor substrates, also known as wafers. |
