Industry description
The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P Energy Select Sector Index.
The fund invests in financial instruments that the fund Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is constructed and maintained by S&P Dow Jones Indices LLC. The index represents the energy sector of the S&P 500 Index. The fund is non-diversified.