Leverage Shares 2X Long NVDA Daily ETF
  
Schedule of Investments
  
July 31, 2025 (Unaudited)
  
   
SHORT-TERM INVESTMENTS - 9.0%
        
Value
 
Money Market Funds - 9.0%
  
Shares
        
First American Treasury Obligations Fund - Class X, 4.22%(a)
    
1,611,064
    
$
1,611,064
  
TOTAL SHORT-TERM INVESTMENTS (Cost $1,611,064)
      
1,611,064
  
                 
TOTAL INVESTMENTS - 9.0% (Cost $1,611,064)
      
1,611,064
  
Other Assets in Excess of Liabilities - 91.0%
      
16,202,834
  
TOTAL NET ASSETS - 100.0%
          
$
17,813,898
  
two
      
–
%
Percentages are stated as a percent of net assets.
      
–
%

(a)
The rate shown represents the 7-day annualized effective yield as of July 31, 2025.
Leverage Shares 2X Long NVDA Daily ETF
  
Schedule of Total Return Swap Contracts
  
July 31, 2025 (Unaudited)
  
   
Reference Entity
Counterparty
Pay/ Receive
Reference Entity
Financing Rate
Payment
Frequency
Maturity
Date
Notional Amount
    
Value/ Unrealized Appreciation (Depreciation)
  
NVIDIA Corp.
Cantor Fitzgerald & Co.
Receive
OBFR + 3.50%
Termination
01/19/2026
  
$
5,994,219
    
$
1,292,189
  
NVIDIA Corp.
Clear Street LLC
Receive
OBFR + 1.25%
Termination
01/20/2026
    
20,173,304
      
(163,533
)
NVIDIA Corp.
Marex Capital Markets Inc.
Receive
OBFR + 2.00%
Termination
01/14/2026
    
9,451,122
      
122,617
  
Net Unrealized Appreciation (Depreciation)
    
$
1,251,273
  
   
There are no upfront payments or receipts associated with total return swaps in the Fund as of July 31, 2025.
  
   
OBFR - Overnight Bank Funding Rate was 4.33% as of July 31, 2025.
  
Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
 
Leverage Shares 2X Long NVDA Daily ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2025:
 

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Investments:
                        
  Money Market Funds
    
1,611,064
      
–
      
–
      
1,611,064
  
Total Investments
    
1,611,064
      
–
      
–
      
1,611,064
  
   
Other Financial Instruments:
                                
  Total Return Swaps*
    
–
      
1,414,806
      
–
      
1,414,806
  
Total Other Financial Instruments
    
–
      
1,414,806
      
–
      
1,414,806
  
                                 
Liabilities:
                                
Other Financial Instruments:
                                
  Total Return Swaps*
    
–
      
(163,533
)
    
–
      
(163,533
)
Total Other Financial Instruments
    
–
      
(163,533
)
    
–
      
(163,533
)
   
* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of July 31, 2025.
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.