Business Description
This fund aims to deliver three times the daily performance of the S&P Consumer Discretionary Index by putting the vast majority of its money into swaps, index securities, and related exchange-traded funds. The underlying index covers U.S. companies operating in the consumer discretionary sector and is maintained by S&P Dow Jones Indices. Because it concentrates its holdings rather than spreading them broadly, this fund carries a higher level of risk than a typical diversified fund.
