| | | Morningstar Overall Rating: | N/A | | Total Assets: | 204.25M | | Category: | Bear Market | | Total Expense Ratio: | % |
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| PERFORMANCE & RISK | 30-Nov-09 |
| YTD Return: | -25.72% | | 5y Avg Return: | -1.01% | | Rank in Category (ytd): | 32 | | % Rank in Category (ytd): | 30.48% | | Beta (3y): | 10.25 | | Morningstar Risk Rating: | |
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| The investment seeks to provide investment results that inversely correlate with the performance of the S&P 500. The fund employs as its investment strategy a program of engaging in short sales of securities included in the underlying index and investing to a significant extent in derivative instruments, which primarily consist of equity index swaps, futures contracts, and options on securities, futures contracts, and stock indices. It may hold short-term U.S. government securities or cash equivalents to collateralize its derivative positions. The fund is nondiversified. | | | Fund Profile |
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