Leverage Shares 2X Long SPOT Daily ETF (SPOG)

The Leverage Shares 2X Long SPOT Daily ETF is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to twice the daily percentage change of Spotify Technology S.A. common stock (ticker SPOT). It typically obtains this exposure through swap agreements and similar derivatives rather than by holding only the shares outright.

Spotify operates a global audio streaming platform offering music, podcasts and audiobooks through ad-supported free and paid premium tiers. The fund is sponsored by Leverage Shares. The fund resets its leverage each trading day, so its target applies to single-day returns only; over longer holding periods its performance can differ substantially from two times the underlying return because of daily compounding.