WLDU seeks to deliver two times the daily performance of Vanguard Total World Stock ETF (VT), which tracks a global equity index spanning developed and emerging markets. Rather than holding the underlying ETF directly, the fund primarily uses derivatives such as swap agreements and options to create leveraged exposure. The portfolio is rebalanced at the end of each trading day to maintain its targeted leverage level, meaning returns over periods longer than a single day can differ significantly from two times the cumulative return of VT due to compounding effects. Options positions may include deep in-the-money calls or synthetic forward exposures created through combinations of call and put options. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.

Leverage Shares 2x Long World S

The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in VT and in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of VT, consistent with the fund"s investment objective. The fund is non-diversified. Address: 

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