This investment vehicle endeavors to mirror the performance of the IBD® ETF Leaders Index, before any deductions for fees or operational expenses. Typically, it dedicates at least 80% of its total assets, which may incorporate leveraged borrowings, to the specific exchange-traded investment companies that form the index. The portfolio generally maintains holdings in all the index's constituent securities, proportionate to their respective weightings within the index. The benchmark itself is a proprietary, rules-based index conceived and established by Investor's Business Daily®, designed with the ambition of potentially outperforming the broader equity and fixed income sectors. It operates as a non-diversified fund.