| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of the Global X Copper Miners ETF (NYSE Arca: COPX). The Fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. The Fund may enter into one or more swap agreements with financial institutions for a specified period, which may range from one day to longer than a year. The Fund may also utilize listed options to seek to achieve leveraged 2X exposure to the Underlying Security. The Fund will primarily employ short-dated (a month or less) in-the-money call options (options with strike prices below the current market price of the Underlying Security, offering immediate intrinsic value). COPX tracks the Solactive Global Copper Miners Total Return Index and invests in companies economically tied to the copper mining industry, including those engaged in copper mining, exploration, and closely related activities such as refining. |
