The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Industrials Select Sector Index. The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and 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 industrials sector which includes the following industries: aerospace and defense; industrial conglomerates; marine and etc. The fund is non-diversified.