The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Communication Services Select Sector Index. The fund normally invests at least 80% of its net assets in financial instruments and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes domestic companies from the communication services sector, which includes the following industries: diversified telecommunications services, wireless communication services, media, entertainment, and etc. The fund is non-diversified.