Fund Description
The investment seeks daily investment results of 100% of the inverse of the price performance of the MSCI US Broad Market Index. The index is sponsored by Morgan Stanley Capital International Inc. and represents the universe of companies in the U.S. equity market. The fund creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds; and other financial instruments that, in combination, provide exposure to the index. It is non-diversified.
Fund Snapshot Updated 06.17.2013
| Previous Close | $26.34 | Expense Ratio | 0.65% |
| YTD Return | 16.0% | Avg. 30-Day Volume | 1,384 |
| 1-Year Return | 22.4% | Market Cap | Loading... |
| Bid | $26.28 | Shares Outstanding | 50,000 |
| Ask | $26.38 | Dividends | $0.00 |
