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The investment seeks long-term capital appreciation.
The fund seeks to capitalize on the long-term historical downward trend of the price of CBOE Volatility Index futures, while mitigating the effect of sudden price appreciation in VIX Index futures. The index measures the expected volatility of the S&P 500 Index. It typically targets a larger long exposure to U.S. Treasuries and a lesser short exposure to VIX Index futures and ETPs. The fund is non-diversified.
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