![]() DPK 6 Apr 2020 Paid | Other | $15.82 Per Share |
![]() DPK 23 Dec 2019 Paid | Quarterly | $0.03 Per Share |
![]() DPK 24 Sep 2019 Paid | Quarterly | $0.05 Per Share |
![]() DPK 25 Jun 2019 Paid | Quarterly | $0.1 Per Share |
![]() DPK 19 Mar 2019 Paid | Quarterly | $0.06 Per Share |
![]() DPK 6 Apr 2020 Paid | Other | $15.82 Per Share |
![]() DPK 23 Dec 2019 Paid | Quarterly | $0.03 Per Share |
![]() DPK 24 Sep 2019 Paid | Quarterly | $0.05 Per Share |
![]() DPK 25 Jun 2019 Paid | Quarterly | $0.1 Per Share |
![]() DPK 19 Mar 2019 Paid | Quarterly | $0.06 Per Share |
ARCA Exchange | United States Country |
The investment strategy aims to offer investors daily investment results, which, before fees and expenses, are 300% of the inverse or opposite daily performance of the MSCI EAFE® Index. This approach is designed for investors seeking leveraged short exposure to an index comprising large- and mid-cap stocks from 21 developed market countries. The index itself is market capitalization-weighted and adjusted for free float, providing a comprehensive benchmark for international equity performance.
Part of the investment strategy includes entering into swap agreements. These are contracts in which two parties exchange the cash flows or liabilities from two different financial instruments. For this fund, swap agreements are used to achieve the inverse performance of the MSCI EAFE® Index, essentially betting against the index’s daily movement.
Futures contracts are standardized legal agreements to buy or sell something at a predetermined price at a specified time in the future. The fund utilizes futures contracts as a tool to secure the desired opposite exposure to the index, allowing it to anticipate and potentially profit from downward movements in the index's value.
In taking short positions, the fund borrows shares of an asset expected to decrease in value and sells them in the open market. Later, these shares can be repurchased at a lower price, turned back to the lender, and the difference in price is the profit. This technique is instrumental in achieving the fund’s goal of benefiting from negative movements in the index's performance.
The fund may also engage in transactions with other financial instruments that offer leverage or inverse exposure. These can include a variety of tools such as options, warrants, and other derivatives. These instruments are carefully selected to ensure that the fund’s exposure remains in line with the targeted inverse leverage of the MSCI EAFE® Index.