ABOUT THIS FUND
BEC seeks to deliver 200% of the daily performance of Bloom Energy Corporation (NYSE: BE), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. BE engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. 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 BE due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.