Share-split context: A reverse split was recorded on May 5, 2026 with coefficient 0.05. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

The LEVERAGE SHARES 2X LONG FIG DAILY ETF (FIGG) is a leveraged ETF. This means it uses financial tools to try and multiply the daily movement of a specific index. Because it is "2X Long," it aims for twice the daily return of its target.

What the numbers show

As of October 7, 2026, the share price is $16.15. The data shows a significant share-price decline so far this year. The year-to-date (YTD) price return is approximately -82.30%. The YTD total return is also approximately -82.30%.

This ETF has a history of a reverse split. On May 5, 2026, a reverse split occurred with a coefficient of 0.05. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but it does not restore any lost investment value.

Income and distribution explanation

This ETF does not currently provide income to investors. There have been no distributions detected, the payout count for the last 12 months is 0, and the distribution yield is 0%. It has an income rating grade of "F."

NAV erosion explanation

NAV erosion happens when the value of the fund's underlying assets declines over time. While the share price has dropped significantly this year, the "severe erosion-risk flag" is currently false. The erosion score is not available because there is not enough verified price history to calculate it.

Pros

• Leverage: For investors who believe the target index will go up, the 2X leverage provides a way to seek higher daily returns.

Cons

• High Price Decline: The ETF has seen a very large price drop of approximately 82.30% year-to-date.

• No Income: There are no cash distributions for investors seeking yield.

• Reverse Split History: The fund has already had to combine shares via a reverse split to increase the per-share price.

Beginner takeaway

FIGG is a high-risk, leveraged tool designed for short-term daily goals, not for long-term income. It currently pays no distributions. New investors should be aware that leveraged ETFs can experience very large price drops quickly, as seen in the YTD return. Always remember that a high distribution yield (which this fund does not have) can sometimes hide a falling share price, and a reverse split is a mechanical change that does not create a gain for the investor.

Top Holdings

As of October 8, 2026, the fund holds:

• FIRST AMERICAN TREASURY OBLIGS X (FXFXX): 6.53%