| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of SNDK. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The Fund seeks daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify (200%) the daily performance of the publicly-traded common stock of Sandisk Corporation (NASDAQ: SNDK) ("SNDK"). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% of the performance of SNDK for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 200% of the return of SNDK for that period. Longer holding periods, higher volatility of SNDK and leverage increase the impact of compounding on an Investor's returns. During periods of higher SNDK volatility, the volatility of SNDK may affect the Fund's return as much as, or more than, the return of SNDK. |
