Provides 200% (2x) leveraged exposure to the daily performance of Tesla, Inc. (TSLA) common stock. Aims to achieve its investment objective before fees and expenses. Now — the numbers.
An investor who bought at the very peak is down 74% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
It paid $0.97 per share over the last 12 months, with payments going back years without a break — regular cash for whoever holds the stock.
This stock swings about 3.2 times as much as the market average. Big rallies — and big drops — can both happen fast.
The stock trades 74% below its five-year peak.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.