This Leverage Shares Exchange Traded Product (ETP), titled -1x Alphabet, is structured to deliver a daily return that is the inverse of Alphabet Inc.'s stock performance. Its objective is to closely mirror the iSTOXX Inverse Leveraged -1X GOOG Index, which specifically targets a daily return equal to negative one times the movement of Alphabet shares. Crucially, this reported return also incorporates and adjusts for the various fees, costs, and revenues typically associated with short-selling activities.