Leverage Shares 2X Long FPS Daily ETF is a non-diversified, actively managed exchange-traded fund series of Themes ETF Trust that seeks investment results, before fees and expenses, corresponding to 200% of the daily performance of the common stock of Forgent Power Solutions, Inc. (NYSE: FPS). The Fund provides daily leveraged long exposure to FPS through direct investments in the underlying security and derivative instruments, including total-return swaps, options and other financial instruments with comparable economic characteristics; it is designed primarily for sophisticated and retail traders seeking tactical, short-term exposure to daily movements in Forgent Power Solutions shares and is not intended to track twice the stock’s cumulative return over periods longer than one day. FPSX is organized in the United States under Themes ETF Trust, which is headquartered in Greenwich, Connecticut, and is distributed under the Leverage Shares by Themes platform. The Fund launched in June 2026 and trades on Cboe under the ticker FPSX, with a 0.99% management fee. Its latest major development is its June 2026 introduction as one of nine new 2x single-stock leveraged ETFs launched by Leverage Shares by Themes, expanding the platform’s daily leveraged product suite across semiconductor, technology, communications and infrastructure-related equities.