Leverage Shares 2X Long VALE Daily ETF (Leverage Shares 2X Long VALE Da) ETF

The fund is an actively managed ETF. 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 VALE, consistent with the fund’s investment objective. The fund is non-diversified.