What this ETF is trying to do

The Leverage Shares 2X Long TER Daily ETF (TERG) is a leveraged ETF. This means it is designed to try to multiply the daily performance of its underlying assets by two times (2X). Because it uses leverage, it is intended for investors who want more movement in their portfolio than they would get from simply holding the underlying stocks or bonds directly.

What the numbers show

As of October 5, 2026, the current price of this ETF is $53.25. The data shows a very high year-to-date (YTD) price return of approximately 185.03%. This means that since the beginning of the year, the share price has increased by that amount.

The YTD total return is also reported as 185.03%. In this case, the price return and the total return are the same because there were no distributions added to the price change during this period. Please note that data for one-year or three-year returns was not supplied in the facts.

Income and distribution explanation

This ETF does not appear to be designed for regular income. The distribution yield is 0%, and there have been zero payouts over the last 12 months. This means investors are not receiving regular cash payments from this fund based on the provided data.

NAV erosion explanation

NAV stands for "Net Asset Value." It is basically the value of one share of the ETF. "NAV erosion" happens when the value of the underlying assets inside the fund drops over time, causing the share price to decrease even if the fund isn't paying out cash.

For this specific ETF, the erosion score was withheld because there was not enough verified price history available. Additionally, there is no severe erosion-risk flag on this fund. This means that based on the current data, a major risk of value loss from NAV erosion was not detected by the screening rules.

Pros

• High YTD Growth: The ETF has shown a significant price return of 185.03% so far this year.

• Leveraged Exposure: It provides a way to get doubled daily exposure to its specific holdings.

Cons

• Limited History: There is no one-year or three-year data available, making it harder to see how the fund performs over longer periods of time.

• Concentrated Holdings: The portfolio is very small, with only two main holdings listed.

• Leverage Risk: Leveraged ETFs are generally more volatile than standard ETFs.

Portfolio Exposure

The following are the Top Holdings for this ETF as of October 7, 2026:

• TERADYNE INC (TER): 75.13%

• FIRST AMERICAN TREASURY OBLIGS X (FXFXX): 8.70%

Please keep in mind that the holdings of an ETF can change over time.

Beginner takeaway

The TERG is a leveraged ETF that focuses on a very small number of assets, primarily Teradyne Inc. It has shown very high growth so far this year but does not pay out any cash distributions to investors. Because it is leveraged, it moves more than the average fund, which can lead to faster gains or faster losses.