Seeks daily investment results that correspond to two times the daily performance of the S&P Real Estate Select SectorSM Index. Now — the numbers.
The stock trades 49% below its peak. The market has trimmed its expectations for the company.
It pays out $1.42 per share each year — regular cash for whoever holds the stock.
The balance sheet offers little cushion against a rough stretch. Report-card grade: 1/100.
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.