Leverage Shares 2X Long PBR Daily ETF (PBRG)

Overview

Leverage Shares 2X Long PBR Daily ETF is a specialized investment vehicle targeted at active traders looking to enhance their exposure to Petrobras (PBR) stock through a leveraged approach. This exchange-traded fund (ETF) is strategically designed to achieve twice the daily performance (200%) of PBR before accounting for fees and expenses. To accomplish this, the fund applies active management techniques incorporating derivative instruments such as swap agreements.

Launched on December 18, 2025, the ETF boasts a total expense ratio of 0.75%, positioning it competitively within the leveraged category for single-stock ETFs. This fund affords investors the opportunity to engage in leveraged trading without the typical concerns associated with margin calls, making it a viable option within a liquid ETF framework. Its investment strategy mainly revolves around holding swap agreements tied to Petrobras, as well as maintaining cash positions, capturing the essence of its concentrated investment in the energy sector given Petrobras' substantial role as an oil and gas powerhouse in Brazil.

It is important to note that due to the daily rebalancing and the effects of compounding, the ETF’s performance over extended periods can significantly diverge from a straightforward 2x return of PBR. Consequently, investors may find themselves facing losses even when PBR experiences an upward trajectory. Thus, this fund is specifically tailored for sophisticated investors who possess the capability to actively monitor their holdings.

Products and Services

• Leverage Shares 2X Long PBR Daily ETF

  This main product is a leveraged ETF that seeks to provide investors with 2x the daily performance of Petrobras stock. It utilizes derivatives like swap agreements to manage exposure and achieve its performance goals while maintaining a lower expense ratio compared to many of its competitors in the single-stock leveraged space.

• Active Management Approach

  The ETF employs an active management strategy, allowing it to react swiftly to market changes and effectively manage risks associated with leverage. This dynamic approach aims to optimize returns for investors who are comfortable with the volatility and complexities of trading leveraged products.

• Swap Agreements

  By primarily holding swap agreements correlated with Petrobras, the ETF can amplify its return potential without directly purchasing stocks. This use of financial derivatives is crucial in achieving the fund's objective of providing heightened exposure while offering liquidity and accessibility.

• Lower Expense Ratio

  At a total expense ratio of 0.75%, the ETF is positioned reasonably within the market when compared to its peers. This competitive fee structure is designed to enhance investor returns by minimizing costs typically associated with leveraged ETFs.

• Focus on Energy Sector

  The ETF maintains a concentrated investment strategy, primarily focused on the energy sector, reflecting Petrobras' status as a significant player in oil and gas in Brazil. This sector specificity aligns with the investment goals of traders looking to capitalize on trends and movements in energy stocks.

• Potential Risks Disclosure

  Investors should be cognizant of the potential risks involved with the daily rebalancing of the ETF and compounding effects. While the fund aims to leverage PBR’s daily performance, its long-term returns may vary significantly, making it essential for investors to monitor their positions closely for effective risk management.