| Investment Objective: |
Leverage Shares 2X Long CDNS Daily ETF is an actively managed ETF that seeks daily leveraged investment results of two times (200%) of the daily percentage change in the price of the common stock of Cadence Design Systems, Inc. (Nasdaq: CDNS). The Fund invests at least 80% of its net assets (plus borrowings for investment purposes) 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. Cadence Design Systems, Inc. provides electronic design automation (EDA) software, hardware systems, and semiconductor intellectual property used by customers to design, simulate, verify, and manufacture integrated circuits and electronic systems. |
