| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of AMZN. The Fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of AMZN and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to AMZN, consistent with the Fund's investment objective. The financial instrument in which the Fund most commonly invests is swap agreements, which are intended to produce economically leveraged investment results. Amazon.com, Inc. engages in the sale of consumer products, devices and provides entertainment, and cloud computing/IT infrastructure in North America and internationally. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in AMZN that is equal, on a daily basis, to -100% of the value of the Fund's net assets. |
