What this ETF is trying to do

The Leverage Shares 2X Long VALE Daily ETF (VALG) is a leveraged ETF. This means it uses financial tools to try and multiply the daily movement of a specific asset. In this case, it is designed to provide two times (2X) the daily return of VALE.

What the numbers show

As of October 5, 2026, the share price of VALG was $15.84.

Looking at the performance for the current year (Year-to-Date), the ETF has a price return of approximately 2.40%. Because there have been no distributions, the total return for the year is also approximately 2.40%.

Data for one-year and three-year returns was not supplied.

Income and distribution explanation

Some investors buy ETFs to get regular cash payments, called distributions. However, VALG is not designed for this. The data shows a distribution yield of 0% and no payouts in the last 12 months. It has an income rating grade of "F," which indicates it does not provide a steady stream of income to investors.

Portfolio Exposure

Based on data updated on October 7, 2026, the ETF holds one asset:

• First American Treasury Obligs X (FXFXX): 20.14%

NAV Erosion Explanation

NAV erosion happens when the value of an ETF's underlying assets drops over time, often making it hard for the share price to recover. For this ETF, the erosion score is not available because there is not enough verified price history. However, the severe erosion-risk flag is currently false.

Pros

• The ETF has seen a small positive price return of 2.40% so far this year.

• There is currently no severe erosion-risk flag.

Cons

• It provides no cash distributions or income for investors.

• There is limited historical performance data available for the one-year and three-year periods.

• As a leveraged ETF, it is designed for daily goals, which can be different from long-term investing.

Beginner takeaway

VALG is a specialized tool used to bet on the daily price movement of VALE. It is not an income-generating investment because it pays no distributions. New investors should remember that a high distribution yield in other funds can sometimes be misleading if the share price is falling. In this case, there is no yield to consider, only the movement of the share price.