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Launched · SEC filings

Leverage Shares 2x Long FN Daily ETF

FNGCboeCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$5.18−0.78 (−13.09%)

As of Oct 13, 2026, 3:59 PM

C48/ 100

Rank 89 of 380 in Single-Stock Long Leveraged

C48/100Rank 89 of 380inSingle-Stock Long Leveraged
Intraday session: down, 46 prints from 5.96 to 5.18. Range 5.02 to 5.69. Use the arrow keys to read each point.5.005.405.605.8010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$6M
1Y total return
—
Yield · Last 12 months
—
Holdings
3
Avg volume · 30D
0.1M sh
NAV per share
$6.77
52W range
low $4.13high $15.00
Launched
Filings
SEC EDGAR

The ETF.net FNG Grade

Based on 4 of 6 pillars

C

Score 48 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
89 of 380
Six-pillar profile for FNG. Scores out of 100: Cost 51, Risk 44, Mission not scored, Tradability 52, Holdings not scored, Durability 42. Strongest: Tradability (52). Weakest: Durability (42). Based on 4 of 6 pillars.

Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 168 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 202 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C52 out of 100
    Rank 159 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 230 of 380

Our read on FNG

ETF.net Research

CSingle-stock leverage usually aims at mega-caps. FNG points at Fabrinet, the optical-packaging specialist that assembles fiber-optic gear for data centers, and targets 2x its daily move. A trading tool, reset every session.

Stated mandate

The fund seeks daily returns, before fees and expenses, equal to 200% of the daily performance of FN.

Why people hold it

  1. 01Targets 200% of Fabrinet's daily move, reset each session. Simple math on one day of price action, no basket to unpack.leverageshares.com
  2. 02A 0.99% expense ratio, below the typical fee among 2x single-stock funds.
  3. 03Fabrinet does optical packaging and precision assembly for communications gear, lasers and sensors, well off the mega-cap path most single-stock leverage takes.investor.fabrinet.com
  4. 04A registered 1940 Act fund: the leverage lives inside the ETF, not in a margin account you have to manage.leverageshares.com

Worth knowing

  1. 01The daily reset makes path matter. Hold past one session and each day compounds on the last, so choppy stretches can land far from 2x the period's move.leverageshares.com
  2. 02One stock, doubled. A single earnings print or customer shift at Fabrinet drives the whole ride, with no diversification to soften it.leverageshares.com
  3. 03Small, moderately traded and launched in 2026, with no regular distributions. Worth checking spreads before you trade.

FNG Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
3
Top-10 weight
219%
Largest holding
Fabrinet-Swap-Mrex-L177.1%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Fabrinet-Swap-Mrex-L177.09%22,552$10M1
002—Fabrinet-Swap-Clst-L22.87%2,913$1M1
003—First American Treasury Obligations Fund 01/01/204018.73%1,041,489$1M151

Showing 1–3 of 3 holdings

FNG Performance

Launched Jun 16, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FNG$7,573
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. FNG $7,573. SPY $10,332. Use the arrow keys to read each point.$4,519$10,076$15,633Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FNG. Periods over one year show the average yearly return.
PeriodFNG
Year to dateFund launched this year—
1 month+16.9%
3 months−24.3%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FNG
YearReturn barFNG
2026 YTD−53.3%

Since listing, Jun 16, 2026

FNG in the news

Filtered to FNG · Single-Stock Long Leveraged

FNG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jun 2026. No distributions yet.

FNG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.55
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FNG Cost

Expense ratio0.99%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

167 of the 333 Single-Stock Long Leveraged funds charge less.

FNG costs $99.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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