The investment seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the daily performance of DRAM. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% inverse (opposite) exposure to the price performance of DRAM on a daily basis. The fund may also seek to achieve its investment objective by purchasing put options on DRAM or by engaging in short sales of the shares of DRAM.