What this ETF is trying to do

The Leverage Shares 2X Long SBUX Daily ETF (SBUX) is an exchange-traded fund traded on the NASDAQ. Based on its name, this ETF is designed to provide leveraged exposure related to Starbucks. This means it aims to move in a direction related to that stock, but with more intensity.

What the numbers show

As of August 7, 2026, the current price for one share of this ETF is $19.87. When looking at how the fund has performed this year (Year-to-Date or YTD), it is important to look at two different numbers:

• YTD Price Return: This is 37.13%. This number only tells you how much the share price itself has changed.

• YTD Total Return: This is 174.17%. This number is much higher because it includes both the share price changes and the cash distributions paid out to investors.

Income and distribution explanation

This ETF has a very high distribution yield of 99.94%. This means the amount of cash paid out is very large compared to the current share price. However, there are a few things for new investors to keep in mind:

1. Yield is not Total Return: A very high distribution yield does not mean you earned that same percentage as your total return. 2. Frequency: The distributions for this ETF are "irregular" and happen less frequently. In the last 12 months, there was only one payout. 3. Principal Risk: Receiving cash distributions does not guarantee that your original investment (your principal) will stay safe. You can receive high cash payments even if the share price is falling.

NAV erosion explanation

The data for this ETF does not provide an "erosion score" because there is not enough verified price history available.

You may hear the term NAV erosion. "NAV" stands for Net Asset Value, which is the actual value of the assets held inside the ETF. If the share price of an ETF drops significantly, it can sometimes be linked to a decline in the NAV. While this ETF does not currently have a "severe erosion-risk flag," it is important to understand that if a share price falls from a high amount to a much lower amount, it can reduce the total value of your investment.

Pros

• The YTD total return has been very high at 174.17%.

Cons

• Distributions are irregular and do not happen on a regular schedule.

• A very high distribution yield can be misleading if you do not also look at the share price movement.

Top Holdings

As of the most recent update on September 21, 2026, the top holdings include:

• FIRST AMERICAN TREASURY OBLIGS X (FXFXX): 17.42%

*Note: Holdings can change over time.*

Beginner takeaway

When you look at an ETF, always check both the price return and the total return. The price return tells you how the share price moved, while the total return shows the overall picture including cash payments. A high distribution yield might look attractive, but it is important to see if the share price is staying steady or falling.