| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of QCOM. The fund invests in in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to QCOM, consistent with the Fund's investment objective. QUALCOMM Incorporated is a global leader in the development and commercialization of wireless technologies incorporated in 1985. QUALCOMM Incorporated is involved in the development and commercialization of foundational technologies for the wireless industry, including 3G (third generation), 4G (fourth generation) and 5G (fifth generation) wireless connectivity, and high-performance and low-power computing including on-device artificial intelligence. 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 QCOM that is equal, on a daily basis, to -100% of the value of the Fund's net asset. |
