What this ETF is trying to do

The Leverage Shares 2X Long USAR Daily ETF (USGG) is a leveraged ETF. This means it is designed to amplify the daily movement of its target investment. Specifically, it is a "2X Long" fund, which aims to provide twice the daily return of its underlying asset.

What the numbers show

As of October 5, 2026, the share price for USGG was $3.78.

There is currently very little historical performance data available for this fund. The supplied data does not include year-to-date, one-year, or three-year price or total returns. Because there is not enough verified price history, an erosion score has been withheld.

Income and distribution explanation

USGG is not designed to provide regular income to investors. The data shows:

• Distribution Yield: 0%

• Payouts in last 12 months: 0

• Distribution Frequency: No distributions detected

Because it does not pay out cash, it has an income rating grade of "F." Investors should note that a high distribution yield is not present here, and this fund does not function as an income-generating investment.

NAV erosion explanation

NAV erosion happens when the value of an ETF'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.

Currently, the severe erosion-risk flag is false, but the erosion severity is listed as "unknown" due to the lack of available price history.

Top Holdings

As of October 7, 2026, the fund has one holding:

• First American Treasury Obligs X (FXFXX): 9.98%

Holdings can change over time.

Pros

• Leverage: For investors who believe the underlying asset will rise, the 2X leverage can potentially increase gains.

Cons

• No Income: The fund does not provide distributions or cash flow.

• Limited Data: There is a lack of historical return and erosion data to help evaluate long-term performance.

• Leverage Risk: While leverage can increase gains, it can also increase the speed and size of losses.

Beginner takeaway

USGG is a specialized tool used for short-term trading rather than long-term saving. It uses leverage to double the daily movement of its target. It does not pay dividends or distributions, and there is currently not enough historical data to determine its long-term price trend or erosion risk.