Industry description
The investment seeks to provide investment results that correlate, to 150% of the performance of the Russell 2000® Index for small-cap securities on a daily basis.
The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in financial instruments with economic characteristics that should perform similarly to the securities of companies included in the underlying index. The index is composed of the 2,000 smallest companies in the Russell 3000® Index. The fund is non-diversified.