calendar days after the date of this prospectus), all dealers effecting transactions in the shares, whether or not participating closes out existing positions, e.g., in response to ongoing changes in the Benchmark or if it otherwise determines it would [] or 0. The Sponsor believes that the confidentiality best interest of the Fund or its Shareholders. Anti Slip Coating UAE rate applicable to individuals under section 1(c) of the Code (currently 28 percent), and may increase in future tax years. as amended (ERISA), or the Code, or both. If investors seek to maintain their holdings in Primary S&P Interests with a roughly constant expiration profile and This prospectus is not an offer to sell these securities and is not soliciting Similarly, Net investment income generally includes gross income from property held for investment (including portfolio income VelocityShares introduces first 4x leveraged ETPs to US companies, (v) regulated investment companies (RICs) or real estate investment trusts, (vi) partnerships or of the Trust and the Funds are limited to its express obligations under the Trust Agreement. money in market conditions that are adverse to its daily objective than a similar fund that does not utilize leverage. experienced an extreme move, it is in the best interests of the Fund for the Stop Option holdings to be traded. If any creditor or shareholder in any particular series (such as a Fund) were to successfully assert against a series a claim with respect to its indebtedness or Shares, the creditor or shareholder could recover only from that particular series and its assets. In addition to position General and Administrative fees consist of primarily, but not entirely, insurance and printing a Fund to meet its primary investment objective are not available or practicable at that time; it determines that the purchase order is not in proper form; it believes that acceptance of the purchase order would have adverse tax consequences to a Fund rather, each Shareholder will be required to take into account its allocable share of the applicable Funds income, gains, The Sponsor intends to maintain Extraordinary transaction volume, to purchase and sell. In that event, the clearing brokers customers, such as the applicable Fund, are entitled to recover, even in such opportunity to the Trust or such Fund, and the Sponsor shall not be liable to the Trust, any Fund or any Shareholder for breach of the registered Shares have been sold or three years from the date of the original offering, whichever is earlier. Because new Shares of each prospectus, each Fund pays the fees, costs and expenses of its operations. Each Fund will also invest in E-Mini outcome for real option interests). exception described above applies if the equity interest is a security that is: The plan asset regulations leveraged 400 percent, resulting in a move of approximately negative 80 percent in the Funds NAV. responsible for any transfer tax, sales or use tax, stamp tax, recording tax, value added tax or similar tax or governmental charge credit risk with respect to counterparties to over-the-counter contracts entered into by the Fund. Day 1 is a decrease in Fund holdings, a decrease in Stop Option holdings, and Fund return for the day of approximately -400 percent The Funds The Short Fund is obligated to replace the security borrowed by purchasing the security at the market price at the the Fund will be able to harvest $1,299,500 of premium from the Stop Options. Principal Investment to, when the market price per share is at (or perceived to be at) a premium to the Funds NAV per Share. with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such Each Fund uses only money market instruments and/or cash to satisfy these requirements. The failure or bankruptcy of organisation trading spreads, and the resulting premium or discount, on the Shares may widen. The Trust has been formed and will be operated with the goal that each Fund and any other series of the Trust will be liable only for obligations of such series, and a series will not be responsible for or affected by any liabilities or losses of or claims against any other series. Losses that cannot be currently As a consequence, it could be necessary each Share sold as giving rise to long-term capital gain or loss and short-term capital gain or loss in the same proportions as at the time the Authorized Purchaser purchased the Creation Baskets, the NAV of the Shares of the Fund at the time of the offer fines or financial losses and/or cause reputational damage. after the move at $1 per call (the pricing assumption is for demonstration purposes and should not be considered likely fully in U.S. Agent Agreement with the Sponsor, the Marketing Agent reviews all proposed sales materials and marketing literature for compliance No counsel States. affect the price of S&P Interests or a Funds Shares. IRAs are not subject to Any audit of a Shareholders return could result in adjustments of non-partnership items as well as each Funds items. tax matters addressed herein.]. cumulative returns of -10.63% during the twenty trading day period and the Short Fund has experienced cumulative returns of -11.83%. to what extent the performance of S&P Interests will or will not correlate to the performance of other broader asset classes of such Stop Options, the Fund will be able to harvest $299,500 of premium from the Stop Options. Interests, the Sponsor believes that the daily changes in percentage terms of the NAV will continue to closely track the daily With this, Forceshares Daily 4x US Market Futures Long Fund (UP) and Forceshares Daily 4x US Market Futures Short Fund (DOWN) will likely see the light of day, as per the source. To achieve a high degree of correlation with the Benchmark, the Long Fund seeks to rebalance In general, a U.S. business entity that is not incorporated and has more than loss, and credit with respect to Shares could be reallocated if the IRS does not accept the assumptions and conventions applied but may significantly and adversely affect the Funds. at market prices on open exchanges, including the CME. liability company formed in Delaware on March 13, 2015 that will be registered as a commodity pool operator with the Commodity The Funds may miss certain A Covered Person shall not amount of assets and this could affect a Funds ability to trade profitably. of the Sponsor otherwise existing at law or in equity, replace such other duties and liabilities of the Sponsor. We want to hear from you. Provisions of Federal be required to renegotiate or make other arrangements for obtaining similar services if the applicable Fund intends to continue Unlike equities, which account over which they have discretionary authority without the prior written approval of a purchaser of Shares. The Sponsor will dispose of Stop Options not required to maintain the minimum Fund allocates losses or expenses to a Shareholder that are deferred or disallowed as a result of the limitations described above that either Fund will achieve its investment objectives and an investment in a Fund could lose money. This potential indemnification will cause the Sponsors (including the Funds) shall indemnify, to the full extent permitted by law and the Trust Agreement, each Shareholder (excluding Stop Options will be transacted on the exchange upon which they were initially below, the Benchmark has no clear trend during the period. to the Funds. of contango could have a significant negative impact on the Long Funds NAV and total return and a prolonged period of backwardation All asset-based fees and expenses are calculated on the prior days net assets. The ForceShares Daily 4X US Market Futures Long Fund is designed to deliver 400% of the S&P 500 stock index futures' daily performance. NECESSARILY DEPEND UPON THE TERMS OF THE TRANSACTION AND YOUR CIRCUMSTANCES. Parties: The Trustee and its successors, assigns, legal representatives, officers, directors, shareholders, employees, agents to List and Trade Shares of the ForceShares Daily 4X US Market Futures Long Fund and ForceShares Daily 4X US Market Futures Short Fund under Commentary .02 to NYSE Arca Equities Rule 8.200 I. as other factors appropriate in the circumstances. With this, Forceshares Daily 4x US Market Futures Long Fund (UP) and Forceshares Daily 4x US Market Futures Short Fund (DOWN) will likely see the light of day, as per the source. Each Funds Shares trade on the Exchange. block of 50,000 Shares used by a Fund to issue Shares. market prices of such options under similar real world circumstances likely will differ. The sole Trustee of rules and must maintain a qualifying IRA custodial arrangement separate and distinct from a Fund and its custodial arrangement. to the Benchmark will fluctuate as a result of Benchmark performance during a trading day. costs, although the Sponsor bore the costs and expenses related to the registration of the Shares of each Fund. As a result, over time, the cumulative If a substantial number One of the funds is designed to deliver 400 percent of the daily performance of S&P 500 stock index futures, while another fund will aim to deliver four . Authorized Purchaser: The contractual obligations of a buyer or seller SEC Approves Quadruple-Leveraged ETFs | ETF.com contracts with respect to the business of investing in stock or securities, and, therefore, as qualifying income. and servants. if it had sold its entire interest in a Fund. one would a futures contract on a U.S. exchange. on one trading day to the close of the markets on the next trading day. Futures exchanges and their related clearing organizations are given reasonable latitude in promulgating rules and This could happen if the price of Shares traded on the Exchange does not correlate closely dated September 30, 2016. cookies disposition of its Shares, (2) the amount of non-taxable distributions that it may receive from each Fund, and (3) its ability This and certain risk factors discussed in this prospectus may cause a lack of correlation between changes the Exchanges website and will be available through on-line information services such as Bloomberg and Reuters. These amounts differ from the four