Ultrashort MSCI Brazil Capped -2X ETF (BZQ)

The index is designed to measure the performance of the large and mid cap segments of the Brazilian market. It covers approximately 85% of the market capitalization in Brazil. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.