Industry description
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of SKHY.
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of SKHY and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to SKHY, consistent with the fund’s investment objective. It is non-diversified.