Leverage Shares 2X Long Memory Daily ETF (RAML)

The Leverage Shares 2X Long Memory Daily ETF (RAML) is a leveraged exchange-traded fund from Leverage Shares that seeks daily investment results equal to two times (2x) the daily performance of an exposure to memory semiconductor companies.

Memory chips, including DRAM and high-bandwidth memory, are produced by a small group of large manufacturers, and the sector is known for pronounced price and demand cycles. The fund uses derivatives such as swaps to obtain its leveraged exposure and rebalances daily.

Because the leverage target resets each day, returns over periods longer than one day can differ significantly from twice the performance of the underlying memory exposure.