ABOUT THIS FUND
COHC seeks to deliver 200% of the daily performance of Coherent Corp. (NYSE: COHR), through derivatives such as swap agreements and exchange-traded equity futures to create leveraged exposure. COHR engages in the development, refinement, manufacturing, and marketing of engineered materials, opto-electronic components and devices, and lasers for use in the industrial, communications, electronics, and instrumentation markets. 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 COHR due to compounding effects. Collateral supporting these derivative positions may be invested in money market instruments, repurchase agreements, or short-term US government securities.