This fund aims to deliver the opposite performance of the S&P 500 on a daily basis. It replicates the inverse performance of the underlying index through the use of derivatives (swaps). Dividends are not paid on shares. This product declines in value when the S&P 500 increases in value. The fund may also decline significantly in value if a counterparty defaults on a derivative contract. These products are designed to be held for very short time frames and there is no guarantee that they will replicate the performance of the underlying index beyond one day. To find out more, visit freetrade.io/inverse.