PYPG – Leverage Shares 2X Long PYPL Daily ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily levered investment results, before fees and expenses, of two times (200%) of the daily percentage change in the price of the common stock of PYPL. The fund is an actively managed ETF. It invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of PYPL, consistent with the fund’s investment objective. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PYPG	Leverage Shares 2X Long PYPL Daily ETF	ETF	Open	—	—	Apr 3, 2025	$14.53M	0.770%	—	—	$23.40M

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