Understanding the Leverage Shares 2X Long LAC Daily ETF (LACG)

The Leverage Shares 2X Long LAC Daily ETF (LACG) is a leveraged ETF designed to provide two times the daily return of its target investment. This means it uses financial tools to amplify price movements, which can lead to larger gains or larger losses than a standard fund.

What the Numbers Show

As of October 5, 2026, the share price of LACG is $2.86. The fund has experienced a significant share-price decline recently. The year-to-date (YTD) price return is -72.69%.

When looking at the YTD total return, which includes distributions, the figure is -45.63%. This shows that while distributions helped offset some of the losses, the overall value for the year remained deeply negative.

Income and Distribution Explanation

LACG has a very high distribution yield of approximately 99.04%. However, it is important for new investors to know that a high yield alone can be misleading.

The fund's payout history is irregular and less frequent, with only one payout recorded in the last 12 months. Because the distribution yield is so high while the share price has fallen sharply, the income does not guarantee that the original investment is being preserved.

NAV Erosion Explanation

NAV erosion happens when the net asset value (the actual value of the fund's underlying assets) declines over time.

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. The erosion score for this fund is currently withheld due to insufficient verified price history.

Top Holdings

As of October 7, 2026, the fund's holdings are very limited. The only listed holding is:

• First American Treasury Obligs X (FXFXX): 10.75%

Please note that holdings can change over time.

Pros

• Amplified Movement: Because it is a 2X leveraged fund, it can provide larger gains if the target asset moves upward.

• High Distribution Yield: The fund has provided a very high percentage of cash distributions relative to its price.

Cons

• High Volatility: The YTD price return of -72.69% shows the risk of significant share-price declines.

• Irregular Income: Distributions are not frequent or predictable.

• Low Income Grade: The fund has an income rating grade of "F."

Beginner Takeaway

LACG is a high-risk, leveraged tool rather than a traditional long-term investment. While the distribution yield looks very high, the total return is negative, meaning the cash payments did not make up for the drop in share price. This highlights why investors should look at total return rather than just yield.