Themes ETF Trust - Leverage Shares 2X Long STRL Daily ETF

STLL is designed for making bullish bets on the stock price of Sterling Infrastructure, Inc. (Ticker: STRL) through swap agreements. The fund seeks to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to make adjustments in response to STRLs daily price movements. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Note that should STRLs value decline by more than 50% relative to the fund, investors could face a total loss. Additionally, the fund could potentially lose money over time, even if STRLs performance strengthens. The fund is expected to invest in money market funds, deposit accounts, and short-term debts.