The investment seeks daily investment results that correspond to twice the inverse of the daily performance of the Nikkei 225 Stock Average. The fund normally invests at least 80% of assets to financial instruments with economic characteristics that, in combination, should be inverse to those of the Nikkei 225 Stock Average. It may employ leveraged investment 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.