The Fund, under normal circumstances, invests at least 80 percent of its net assets in financial instruments that are designed to provide, in the aggregate, 200 percent exposure to the price performance of TE on a daily basis. The Fund may also seek to achieve its investment objective by purchasing call options on TE or by investing directly in the common stock of TE. The Adviser will determine the allocation of the Fund's investments in swap agreements, call options and direct investments in TE common stock based upon various factors including, but not limited to, counterparty capacity, financing charges, liquidity, collateral availability, and overall market conditions for a particular instrument. Direct investments in common stock of TE are typically less efficient than the use of swap agreements because direct investments in common stock do not provide leveraged returns. This may result in the Fund not achieving its 200% daily investment objective. The Fund will enter into one or more swap agreements with financial institutions whereby the Fund and the financial institution will agree to exchange the return earned on an investment by the Fund in TE that is equal, on a daily basis, to 200 percent of the value of the Fund's net assets. If the Adviser determines to use call options, the Fund will purchase exchange traded call options, including FLEX Options. Call options give the holder the right to buy an asset and the seller the obligation to sell the asset at a certain defined price. FLexible EXchange Options are customized options contracts that trade on an exchange but provide investors with the ability to customize key contract terms like strike price, style and expiration date while achieving price discovery in competitive, transparent auctions markets and avoiding the counterparty exposure of over-the-counter options positions. Like traditional exchange-traded options, FLEX Options are guaranteed for settlement by the OCC, a market clearinghouse that guarantees performance by counterparties to certain derivatives contracts. The FLEX Options are listed on the Chicago Board Options Exchange. The Fund may take delivery of the underlying security if it chooses to exercise a call option and either hold or sell the security in the secondary markets. The Adviser attempts to consistently apply leverage to obtain TE exposure for the Fund equal to 200% of the value of its net assets and expects to rebalance the Fund's holdings daily to maintain such exposure. As a result of its investment strategies, the Fund will be concentrated in the industry to which TE is assigned. As of the date of this prospectus, TE is assigned to the industrials sector and the electrical equipment and parts industry.