Business Description
This fund seeks to deliver twice the daily return of an S&P Dow Jones index focused on U.S. energy companies, primarily those involved in oil, gas, and related equipment and services. It achieves this by placing at least 80% of its assets into a mix of swaps, index securities, and ETFs that together create this leveraged exposure. Because it concentrates on a single sector and uses leverage, it carries a higher level of risk than a broadly diversified fund.
