Business Description
This fund aims to deliver three times the daily inverse performance of long-term U.S. Treasury bonds, meaning it is designed to gain when bond prices fall. It achieves this by investing the vast majority of its assets in financial instruments that move in the opposite direction of an index tracking U.S. Treasury securities with more than 20 years until maturity. Because it concentrates its holdings rather than spreading risk across many assets, it carries a higher level of risk than a typical diversified fund.
