Total returns on $10,000
Objective
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones Industrial AverageSM.
The fund invests in derivatives that the adviser believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a price-weighted index maintained by editors of The Wall Street Journal. The index includes 30 large-cap, "blue-chip" U.S. stocks, excluding utility and transportation companies. The fund is non-diversified.
Profile
| Fund type | Open Ended Investment Company |
|---|---|
| Morningstar category | Bear Market |
| Launch date | 22/07/2004 |
| Price currency | USD |
| Domicile | United States |
| Symbol | UWPSX |
| Manager & start date | Hratch Najarian 31/12/2009 |
Investment
| Pricing frequency | Daily |
|---|---|
| Total net assets | 396.07k USDAs of Mar 31 2013 |
| Net expense ratio | 2.78% |
| Front end load | -- |
| Deferred load | -- |
| Redemption fee | -- |
| Min. initial investment | 15,000 USD |
| Min. additional investment | -- |
| Initial IRA | 15,000 USD |
| Additional IRA | -- |
| Available for sale | Puerto Rico, United States |
Diversification
Asset type
Cash | 99.64% |
|---|---|
Other | 0.36% |
US stock | 0.00% |
Non-US stock | 0.00% |
Bond | 0.00% |
Top 5 sectors
Cash & Equivalents | 99.64% |
|---|
Top 5 Regions
Regional weighting data is unavailable.
Top 5 holdings
| Company | 1 year change | Portfolio weight | Long allocation |
|---|---|---|---|
| Profunds Swap Secuirty Ub | -- | 0.19% | |
| Profunds Swap Security Gs | -- | 0.14% |