ACLZ

ABOUT THIS FUND

ACLZ seeks to deliver 200% of the daily performance of Axcelis Technologies, Inc. (NASDAQ: ACLS), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. ACLS engages in the manufacture of capital equipment for the semiconductor chip manufacturing industry. The portfolio is rebalanced at the end of each trading day to maintain its targeted leverage level, meaning returns over periods longer than a single day can differ significantly from two times the cumulative return of ACLS due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.