The investment seeks daily investment results that correspond to twice the daily performance of the Dow Jones Industrial Average. The fund normally commits at least 80% of assets to equity securities contained in the DJIA and/or financial instruments that have similar economic characteristics. The fund employs leveraged investment techniques and may use sampling techniques in seeking its investment objective. The fund invests assets which are not invested in equity securities or financial instruments in debt instruments or money market instruments. It is nondiversified.