Fund Description
The investment seeks to track the inverse (-2x) of the daily performance of the Australian dollar spot price versus the U.S. dollar. These Funds use the 4:00 p.m. (Eastern Time) Australian dollar/U.S. dollar exchange rate as provided by Bloomberg, expressed in terms of U.S. dollars per unit of foreign currency, as the basis for the underlying benchmark. The fund intends to meet its investment objective by obtaining long or short exposures to its benchmark through futures contracts on its underlying currency. It may invest up to 100% of its assets in any of these types of cash or cash equivalent securities.
Fund Snapshot Updated 05.16.2013
| Previous Close | $41.05 | Expense Ratio | 0.95% |
| YTD Return | 8.9% | Avg. 30-Day Volume | 20,005 |
| 1-Year Return | 0.0% | Market Cap | Loading... |
| Bid | $41.10 | Shares Outstanding | 350,000 |
| Ask | $41.12 | Dividends | $0.00 |
