REW

REW aims to offer investors a means of playing out their bearish bets on the technology sector. The fund provides 2x leveraged inverse exposure to the S&P Technology Select Sector Index—a market-cap-weighted index of US tech companies as classified by S&P Dow Jones. The fund typically includes companies engaged in IT services, software, communications equipment, technology, hardware, storage & peripherals, electronic equipment, instruments, & components, and semiconductors & semiconductor equipment. As a geared product with daily resets, REW is designed to be a short-term trading vehicle—not a long-term investment. As a result, the fund's long-term returns are difficult to predict due to compounding and path dependency. Prior to March 20, 2023, the fund provided exposure to the Dow Jones U.S. Technology Index.