| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of the MVIS Global Junior Gold Miners Index (the "Index"). The Index tracks the performance of domestic and foreign, including developing and emerging, small- and mid- capitalization companies that are involved in the gold and silver mining industry ("Junior Gold Miners"). The Index includes companies from markets that are freely investable to foreign investors, including "emerging markets," as that term is defined by the index provider. Each silver mining company will not represent more than 4.5% of the Index and the total weighting of silver mining companies will not constitute more than 20% of the Index, and gold mining companies will not constitute less than 80% of the Index. The Fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, securities of the Index, and exchange-traded funds ("ETFs") that track the Index, that, in combination, provide 2X daily leveraged exposure to the Index, consistent with the Fund's investment objective. The financial instruments in which the Fund most commonly invests are swap agreements and futures agreements which are intended to produce economically leveraged investment results. |
