Description

This exchange-traded fund strives to deliver investment results that are the inverse of its underlying index's daily fluctuations. This benchmark tracks the performance of 500 prominent U.S. corporations, chosen based on their significant market capitalization within leading industries. The constituent firms are handpicked by an index committee, and their weighting within the index is calculated using their float-adjusted market capitalization. Due to its leveraged design, this fund is inappropriate for long-term holding and is structured to provide its inverse index exposure solely on a daily basis.