ROM provides 2x levered exposure to the S&P Technology Select Sector Index, with daily leverage resets. Like all levered funds, it tends to underperform in volatile markets if held for longer than its reset period, and is more suitable for short-term trading positions. The underlying index is market-cap weighted and typically includes companies engaged in IT services, software, communications equipment, technology, hardware, storage & peripherals, electronic equipment, instruments, & components, and semiconductors & semiconductor equipment. The fund reflects the concentrated nature of a space dominated by the tech industry leaders selected and weighted by market cap. Prior to March 20, 2023, the fund provided exposure to the Dow Jones U.S. Technology Index.
