| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of QCOM. The fund invests in the securities of QCOM and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to QCOM, 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. 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 200% of the value of the Fund's net assets. |
