This fund aims to provide daily investment results, before considering fees and expenses, that equate to two times the inverse (-2x) of the daily performance of the S&P Communication Services Select Sector Index. Its primary investments will consist of financial derivatives and money market instruments. The fund's portfolio will concentrate its holdings within a particular industry or group of industries to a similar extent as the underlying index. This index specifically tracks the communication services companies within the S&P 500 Index. It is important to note that this fund operates as a non-diversified investment.