HONG

Leverage Shares 2X Long HON Daily ETF is an actively managed exchange-traded fund that targets daily leveraged investment results corresponding to 200% (2x) of the daily performance of the common stock of Honeywell International Inc., before fees and expenses. Designed as a short-term tactical tool for sophisticated investors, the fund provides magnified long-side exposure on a day-to-day basis using financial derivative contracts backed by institutional-grade collateral rather than through direct physical equity replication.