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The index tracks the performance of the equity securities of small-capitalization companies actively engaged in silver refining, mining, or exploration (“Junior Silver Companies”). The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund’s net assets. It is non-diversified.
Check out other names from the same Asset Management - Leveraged industry as SINV.