Inverse/Leveraged Exchange-Traded Funds

The products discussed below are complex and subject to significant risks and are not suitable for many investors. They are intended for highly experienced investors who actively manage and monitor their investments. Please read the prospectus carefully before making your final investment decision.

Inverse ETFs attempt to deliver returns that are the opposite of the returns of the underlying benchmark, index, or single security. Typically, the longer you hold a leveraged or inverse ETF, the greater your potential loss. Accordingly, leveraged and inverse ETFs may not be suitable for investors who plan to hold positions for longer than one trading session.

Leveraged ETFs are designed to achieve their investment objective on a daily basis meaning that they are not designed to track the underlying index, benchmark, or single security over an extended period of time. Leverage can increase volatility.

Check out the Exchange-Traded Funds and Exchange-Traded Notes sections of the Disclosure Library to learn more about those topics.

Additional regulatory information about these products:

Leveraged and Inverse ETFs: Specialized Products with Extra Risks for Buy-and-Hold Investors

The Lowdown on Leveraged and Inverse Exchange-Traded Products

Know Before You Invest: Volatility-Linked Exchange-Traded Products