| Investment Objective: |
The Fund seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Transportation Select Industry FMC Capped Index (the "Index"). The Index is provided by S&P Dow Jones Indices (the "Index Provider") and is designed to measure stocks in the S&P Total Market Index that are included in the GICS transportation sub-industry. The Index may include large-, mid- and small-capitalization companies. Securities in the Index are weighted based on the float-adjusted market value of their outstanding shares. The Index uses a capping methodology to constrain at quarterly rebalance. 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 3X 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. |
