# Leverage Shares 2X Long ON Daily ETF (ONG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/ong for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: LeverageShares · Asset class: Equity - Strategy: Leveraged · Inception: 2026-06-02 ONG is designed to make bullish bets on the stock price of ON Semiconductor Corporation (Nasdaq: ON) through derivatives investments such as swap agreements. ON develops and manufactures semiconductor components and integrated solutions designed to improve energy efficiency, electrification, safety, and automation across multiple industries. Its products include power management devices, analog components, sensors, and connectivity solutions. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is perfo... ## Key Facts | Metric | Value | |---|---| | Price | $3.77 | | Expense Ratio | 0.75% | | Assets Under Management | $1.1M | | NAV | $4.17 (2026-10-29 close) | | Holdings Count | 3 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $3.37 – $18.42 | | Beta | -3.69 | ## Frequently Asked Questions ### What does ONG invest in? ONG is designed to make bullish bets on the stock price of ON Semiconductor Corporation (Nasdaq: ON) through derivatives investments such as swap agreements. ON develops and manufactures semiconductor components and integrated solutions designed to improve energy efficiency, electrification, safety, and automation across multiple industries. Its products include power management devices, analog components, sensors, and connectivity solutions. The objective is to obtain daily leveraged exposure equivalent to 200% of the fund's net assets. To maintain this exposure, daily rebalancing is performed to adjust to ON's daily price movements. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. Note that if ON's value declines by more than 50% relative to the fund, investors could face a total loss. The fund could potentially lose money over time, even if ON's performance strengthens. ### What is the expense ratio of ONG? Leverage Shares 2X Long ON Daily ETF (ONG) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations. ### Is ONG a good long-term hold? ONG is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days. ### How does ONG's daily reset work? ONG rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets. ### How big is ONG? Leverage Shares 2X Long ON Daily ETF (ONG) manages $1.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is ONG actively managed or an index fund? ONG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does ONG pay a dividend? Leverage Shares 2X Long ON Daily ETF (ONG) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ONG pay dividends? Leverage Shares 2X Long ON Daily ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ONG's dividend yield? ONG's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is ONG's next ex-dividend date? ONG hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will ONG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ONG charge its expense ratio? The expense ratio is deducted in tiny daily slices from ONG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ONG cost more than a fund like VOO? ONG is a leveraged fund (current expense ratio 0.75%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to ONG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as ONG (0.75%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/ong - Distribution history: https://www.dividenddata.com/funds/ong/dividend - Holdings & diversification: https://www.dividenddata.com/funds/ong/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/ong/expenses - Peer comparison: https://www.dividenddata.com/funds/ong/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.