The Fund is an actively managed exchange-traded fund (ETF) whose portfolio is constructed with the aim of delivering positive returns, before any fees and expenses, when the 10-year interest rate rises. The Fund is expected to experience losses when the 10-Year Rate falls. The 10-Year Rate is a broad measure of the cost of borrowing cash overnight collateralized by Treasury securities compounded over a period of 10 years. To achieve its investment objective of hedging against increases in the 10-Year Rate, the Fund invests in various derivatives (including futures, options, interest rate swaps, and swaptions). The Fund may take long positions in interest rate swaps to seek to benefit from rising interest rates. The Fund may also invest in ETFs that invest in U.S. Treasury bills or option contracts linked to ETFs that primarily invest in U.S. Treasury securities to implement the Funds hedging strategy. The Fund invests in U.S. Treasury bills as collateral for the Funds derivatives transactions.