The investment seeks to replicate, net of expenses, the inverse percentage changes of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma.
It will be measured by the changes in the price of the futures contract on light, sweet crude oil as traded on the NYMEX that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire, less expenses.
Please carefully consider the ETF's investment objectives, risks, charges and expenses before investing. ETFs may be complex in nature, investing involves risk including possible loss of principal. Before investing, PSPL recommends investors to read the Prospectus from the respective Issuer's website carefully. PSPL does not provide any advice on the funds. ETFs are Specified Investment Products (SIPs) and retail customers are subject to relevant assessments for trading/investing in SIPs.