Nasdaq-100 Dynamic Participation Index

Index Description

The Nasdaq-100 Dynamic Participation Index is designed to change the exposure to the base index (Nasdaq-100 Index®, NDX), based on its daily closing price relative to its 10-day moving average price. At the end of each trading day, the Nasdaq-100 Index® value is compared to its ten-day moving average to determine the leverage amount to be effective on the following day. The leverage is capped at 100%, and the maximum total participation is 200%.