Leverage Shares 2X Long XYZ Daily ETF (XYZG)

The Leverage Shares 2X Long XYZ Daily ETF (XYZG) is a leveraged single-stock exchange-traded fund from Leverage Shares. It seeks daily investment results, before fees and expenses, equal to twice (2x) the daily percentage change in the share price of Block, Inc., which trades under the ticker XYZ.

Block is the San Francisco-based financial technology company behind Square payment services and the Cash App. The fund obtains its leveraged exposure mainly through swap agreements and rebalances daily.

Because the 2x target applies to a single day, compounding causes returns over longer periods to differ significantly from twice the return of Block shares.