The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse of the daily performance of the U.S. Dollar price of the Japanese Yen. The "UltraShort" funds seek results for a single day that match (before fees and expenses) two times the inverse (-2x) of the daily performance of a benchmark. It does not seek to achieve their stated objectives over a period greater than a single day.

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