The fund seeks to achieve its investment objective by taking long and short positions in one or more exchange-traded funds that seek to track the performance of the S&P 500 Index. In seeking to achieve its investment objective, it may engage in short sales of S&P 500-related ETFs. The fund may also ...
The fund seeks to achieve its investment objective by taking long and short positions in one or more exchange-traded funds that seek to track the performance of the S&P 500 Index. In seeking to achieve its investment objective, it may engage in short sales of S&P 500-related ETFs. The fund may also invest up to 10% of its total assets in leveraged or inverse ETFs that seek to deliver multiples (long), or the inverse (short), of the performance of the S&P 500 Index, respectively. The investment seeks longterm capital appreciation.
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