The fund aims to reflect the performance of the S&P 500 2x Leveraged Daily Index, which provides two times the performance of the S&P 500 Index on a daily basis less a rate of interest. This means that the level of the index should rise and fall at double the rate of the Underlying Index.
Fund Exposure
The fund is exposed to shares of 500 companies representing all major US industries, traded on eligible US exchanges. It aims to achieve its objective through financial contracts (derivatives) with swap counterparties to swap subscription proceeds for the return on the index.
Risks
The fund does not invest directly in the components of the index, and its returns are dependent on the performance of derivatives used. There is a risk of counterparties failing to make payments, potential conflicts of interest with DWS entities, and the fund is not guaranteed, with the value of investments subject to fluctuations. Additionally, the fund is classified in category 7 due to the high likelihood of both losses and gains.