| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the return of the SummerHaven Copper Index (the "Index") for a single day. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing principally in cash settled copper futures contracts ("Copper Futures Contracts"), and in cash, cash-like instruments or high-quality securities that serve as collateral to the Copper Futures Contracts ("Collateral Investments"). The Fund also may enter into reverse repurchase agreement transactions. The Fund does not invest directly in copper. Instead, the Fund seeks to benefit from increases in the price of Copper Futures Contracts for a single day. The Fund generally will invest in Copper Futures Contracts through its Subsidiary and in Collateral Investments. |
