The investment seeks daily investment results, before fees and expenses that correspond to twice (200%) the daily performance of the Bank of New York Latin America 35 ADR index. The fund invests in equity securities and/or financial instruments that, in combination, should have similar daily return characteristics as twice (200%) the Bank of New York Latin America ADR 35 index. It normally invests at least 80% of assets to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. It is nondiversified.