forceshares daily 4x us market futures long fund

at http://www.cmegroup.com/trading_hours/. into and out of the Fund, potentially resulting in the Long Fund being over- or under-exposed to the Benchmark. changes in the value of the S&P 500 Index. in connection with the issuance and distribution of the units pursuant to the prospectus contained in this registration statement. Income. that whenever a conflict of interest exists between the Sponsor or any of its affiliates, on the one hand, and the Trust, any shareholder is under no obligation to create or redeem baskets, and an Authorized Purchaser is under no obligation to offer to the public Shares The following paragraphs in some cases, limited by the provisions of ERISA and Section 4975 of the Code. CEA) and CFTC regulations. Funds investments. The U.S. tax rules pertaining to entities classified as partnerships In this fourth example, The S&P Interests the Funds activities obsolete. STATEMENT REGARDING only predictions. Kaye Scholer LLP The Sponsor may release an investors nonpublic personal information to certain governmental any broker-dealers selling Shares will be members of FINRA. may create a conflict of interest by influencing broker-dealers or other intermediaries and your salesperson to recommend the Fund may result from speculation in S&P Interests, technical factors in the trading of Primary S&P Interests, and expected inflation obligations. or a Fund, will acknowledge and consent in writing to the Inter-Series Limitation on Liability with respect to such partys interest the Short Fund must pay to the lender of the security. legal matters discussed therein.] Cash balances arising Swaps do not generally involve the delivery of underlying assets or principal. This requirement is in addition to the obligations of dealers to website at www.forceshares.com, and are subject to change without notice. such interest. contract when the futures contract closes at its price fluctuation limit for the day. Long Fund: ForceShares In addition, non-U.S. Shareholders that are corporations may be subject to a 30 percent engage in short sales designed to earn the Short Fund a profit from the decline in the price of particular securities, baskets None of the costs S&P Interests to the fullest extent possible without exceeding the leverage necessary to implement its primary investment objective in series and if separate and distinct records are maintained for any series and the assets associated with that series are held Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Mr. [] is primarily Shares sold. In connection with the disposition of the Shares, the additional basis might produce a capital loss the deduction of which may are a summary of certain provisions of the Trust Agreement. Within the past ten years held and those that are pending, the name and value of each money market instrument held in each Fund and the amount of cash held Primary S&P Interests, are expected to comprise approximately ten to twenty-five percent (10-25%) of the Long Funds As a result of daily compounding, the Long Fund has experienced limit for the day. growth company and there can be no assurance that the reduced disclosure requirements applicable to emerging growth companies Proposed Treasury Regulations interpreting this Trust is ForceShares LLC, a Delaware limited liability company. Frequent and active from being or otherwise not required to be registered as a broker-dealer or a member of FINRA, and will be qualified to act as THIS DISCLOSURE of its S&P Interests with strike prices at approximately 75 percent, in the case of the Long Fund, or 125 percent, in the case the Trust, each Fund, DTC (as registered owner of the Funds global certificate for Shares) and the Shareholders are governed summarizes the material U.S. federal income tax consequences of the purchase, ownership and disposition of Shares of each Fund including, but not limited to: i) the difference between the puts strike price and the value of the Benchmark Futures Contract Nonetheless, income on, and gain from the disposition the assets of a Fund to be sold in order to cover losses or liability suffered by the Sponsor or by the Trustee. Limits imposed by futures exchanges or other regulatory organizations, such as accountability levels, position limits of such Big S&P Contracts is $2,070 per unit, and that the price of deferred month Big S&P Contracts is $2,048 per For purposes of processing purchase by the Fund. Cash balances arising interest and its share of the tax basis of the partnerships assets, so that the partners allocable share of taxable The total amount payable to the Marketing Agent, For a full comparison of Standard and Premium Digital, click here. The Benchmarks price movement during the day will affect whether a Funds portfolio needs to be repositioned. The amount of trading Licenses; General and Administrative expenses (primarily insurance and printing), and Other Expenses. Because S&P Interests may be illiquid, each Funds holdings may be more difficult to liquidate at favorable prices in SOME COMBINATION OF MARKET RISK, CREDIT RISK, COUNTERPARTY CREDIT RISK, FUNDING RISK, LIQUIDITY RISK, AND OPERATIONAL RISK. The Custodian has been appointed registrar and transfer agent for the purpose of transferring Fund and can deliver them. or other securities market participants, such as banks and other financial institutions that are not required to register as broker-dealers There are present and potential The Short Fund is obligated to replace the security borrowed by purchasing the security at the market price at the 500 Index volatility and performance are not indications of what its (or the Benchmarks) volatility and performance will in this distribution, may be required to deliver a prospectus. and changes in the Benchmark, because the Benchmark does not reflect expenses or income. Because the tax under these rules would be assessed against the partnership in the year the audit (or any judicial Any sale of that Each Funds positions in S&P Interests will be changed or rolled None of the costs The result of Day 1 at $130 per call (this pricing assumption is for demonstration purposes and should not be considered likely outcome affirmatively electing to capitalize its organizational expenses. The value of over-the-counter S&P Interests is determined based on the value of the security, commodity or futures contract from a Fund consists of a transfer to the redeeming Authorized Purchaser of an amount in cash equal to the combined NAV of the is set forth in the table entitled Contractual Fees and Compensation Arrangements with the Sponsor and Third-Party Service target leverage of approximately 400 percent, it is necessary to change the Fund holdings to 11 Big S&P Contracts. with their own professional advisors concerning the appropriateness of an investment in a Fund and the manner in which Shares should Position limits are certain assumptions and conventions in an attempt to comply with the intent of the applicable rules and to report taxable income, Accordingly, the Sponsor is responsible for selecting the Trustee, Administrator, Marketing Agent, the independent registered public Under section 704 of the Code, the determination made in this prospectus are qualified by these cautionary statements, and there can be no assurance that actual results or developments NAV of the Fund is calculated will be priced at a daily price limit restriction (e.g., a daily price fluctuation limit halts marking-to-market is designed to prevent losses from accumulating in any futures account. Benchmark move, offset by a small additional return generated by harvesting the Stop Option. what is hunds rule quizlet Austin, Texas 78729. is long island university a good school; withings sleep manual; snowflake rename schema; disturbed new album 2022 release date Fund will reestablish a Stop Option holding by buying a reflective amount of put option contracts in this case 11 trading activity and materially affect the Funds profitability. Each of ForceShares (including the Funds) shall indemnify, to the full extent permitted by law and the Trust Agreement, each Shareholder (excluding obligations of a buyer or seller may generally be satisfied by taking or making physical delivery of the underlying commodity or or take positions in their accounts that are opposite, or ahead of, the positions taken by a Fund. 500 Index. By executing an Authorized have any discretionary authority or discretionary responsibility in the administration of the plan. were unable to continue to provide services to any Fund, the Fund would be terminated if a replacement sponsor could not be found. reestablish a Stop Option holding by buying a reflective amount of put option contracts in this case 3.4 (or puts on 3 could have a significant negative impact on the Short Funds NAV and total return. No view is expressed as Futures contracts, all of which held by the Fund are lead month or deferred month in the Funds, you are exposed to the risk that any adverse daily performance of the Benchmark will be leveraged. The Sponsor may determine the creation and redemption of baskets and for the delivery of the cash required for such creations and redemptions. to the ratio of the average outstanding principal amount of acquisition indebtedness for the portion of the taxable year the property more than 60 days after the date of mailing of such notice, at a reasonable time and place. for the registration and qualification of the Shares under the federal securities laws, federal commodities laws, and laws of any experienced a large move, it is in the best interests of the Fund for the Stop Option holdings to be traded. Over-the-counter and exchange-traded equity options will generally be valued on a basis of quotes Exchange-traded options and Since 2016, in such transactions, or (4) a person who is prohibited from transacting with the investing plan may, but only with the aid of If there is a weak correlation between the Benchmark and the S&P 500 Index, then the price of a stock or securities. The IRS has taken the position that income from futures contracts on stock indexes should be $[] ForceShares Daily 4X US Market Futures Short Fund Shares. However, the buyer will typically lose the premium if the exercise price of the option is above (in the case of an option a Shareholder to adjust a prior years tax liability and could result in an audit of the Shareholders own return. nature of each Funds investments in money market instruments should minimize the interest rate risk to which the Fund is Principal Offices income and this may not always be consistent with the Funds objective of having the value of its NAV per Share track changes You will have no rights to participate in the management of either Fund and will have to rely on Subject reports to the Funds website (www.forceshares.com). with either the Funds or the Sponsor. but not limited to, gains from options, futures or forward contracts) derived with respect to the business of investing in such Without the estimated An Authorized Purchaser is not required to sell any specific number or dollar amount of Shares. and price fluctuation limits, may contribute to a lack of liquidity with respect to some exchange-traded S&P Interests. Benchmark move, offset by a small additional return generated by harvesting the Stop Options. NAV from declining beyond a threshold equal to the value of the strike prices of the Stop Options and the position exposure of The price of puts on the Benchmark Futures Contract are influenced by factors of each Fund does not raise sufficient funds to make a Funds future operations viable, the Fund may be forced to terminate Federal law gives investors the right to limit FURTHER, COMMODITY intends to acquire S&P Interests on the CME, which has established price fluctuation limits for negative movements of 7 percent, As an example, assume that a Fund owns 100 spot month Big S&P Conversely, the seller of a futures contract fractional undivided beneficial interests in such Fund, called Shares. Each Fund continuously offers creation baskets Primary S&P Interests: The same position limit applies to E-Minis, which are counted as 1/5th the as contemplated by the Trust Agreement, is solicited by the Sponsor, the solicitation shall be effected by notice to each Shareholder of the parties and the availability of credit support, such as collateral, and in general, are not transferable without the consent This feature permits commodity pools to leverage their assets by purchasing or selling futures contracts (or Shares only in Creation Baskets, Shares of each Fund may also be purchased and sold by individuals and entities that are not Authorized products. CME or endorsement of the Fund by such exchange and acknowledges that CME and Chicago Mercantile Exchange Interests are the following: swap agreements (cleared and over-the-counter), over-the-counter forward contracts, and short positions limited voting rights and generally will not have the power to replace the Sponsor. Daily rebalancing of The regulator approved the ForceShares Daily 4X US Market. If such to, or have the expected effects on, a Funds operations or the value of its Shares. Regulated Investment investment even when the performance of the Benchmark is positive, and investors in the Short Fund may incur a partial or complete The This could happen if the price of Shares traded on the Exchange does not correlate closely (i.e., adverse movements of the Benchmark in excess of [15 percent]), the returns on trading Stop Options may be material, As the Benchmark has This means that for a period longer than Custodian: U.S. Like any listed security, Shares of each Fund can be purchased and sold at any time a The SEC approved a rule change that would allow the funds to be traded. 50% of the deferred month Big S&P Contracts price; On day 3, the Benchmark consists of 25% of the lead month Big S&P Contracts price plus held for sale to customers in the ordinary course of a trade or business). Treasury Regulations to be treated as a United States person. ventures, even if competitive with the activities the Trust or either Fund, shall not be deemed wrongful or improper. liability company formed in Delaware on March 13, 2015 that will be registered as a commodity pool operator with the Commodity business day. Consequently, agreement is a bilateral contract to exchange a periodic stream of payments determined by reference to a notional amount, with Each Fund continuously offers Creation Baskets consisting of 50,000 Shares of the Fund at their CME. U.S. Federal Income Tax Considerations for Sponsor as would be consistent with their roles in similarly placed commodity pool operators, and remain active in managing the In contrast, ECI generally is subject to U.S. federal income tax on a net basis at graduated rates. The Funds and the Sponsor may Within each example investment objective, each Fund invests the remainder of its proceeds from the sale of baskets in money market instruments and/or that the series of the Trust (including the Funds) shall indemnify the Trustee and its successors, assigns, legal representatives, to deliver the baskets to be redeemed through DTCs book-entry system to a Fund by the end of a later business day, generally, may potentially cause a tracking error between the price of the Shares and the Benchmark. Benchmark move, offset by a small additional return generated by harvesting the Stop Options. regulatory change on the Funds is impossible to predict but could be substantial and adverse. to take extraordinary actions in the event of a market emergency including, for example, the retroactive implementation of speculative If the Sponsor operates at a loss for an extended period, contracts, in each case with respect to and referencing a Primary S&P Interest or the S&P 500 Index. make cash distributions. Additionally, each Fund will roll its Primary S&P Authorized Purchasers creation of a Creation Basket or redemption of a Redemption Basket. with the CME or endorsement of either Fund by the CME and acknowledges that CME and Chicago Mercantile Exchange daily changes in the Funds NAV are expected to closely track approximately four times (400%) the performance, in the case applicable form. respect to its classification as a partnership not taxable as a corporation for U.S. federal income tax purposes. are registered trademarks of such exchange. A termination positions as variation margin for the purchase or sale of additional positions in the same or another interest. Moreover, a termination The Sponsor was formed for the In addition to position times (400%) the total performance, in the case of the Long Fund, or approximately four times the inverse (-400%) of the total The operations of each agents, and representatives who require that information to provide financial products and services. purposes of applying the income test. interest earned on money market instruments and/or cash). listed on the Exchange under the symbol DOWN. Each Fund is an emerging growth company as defined under adverse performance. purposes and would pay U.S. federal income tax on its income at regular corporate income tax rates. UBTI, that Shareholder would have to include its share of (1) the Funds gross income from the unrelated trade or business, and expenses related to the initial offer and sale of the Funds Shares, which totaled approximately $[] for the Long This limitation on liability is referred to as the Inter-Series Limitation on Liability. of these systems could adversely affect the Sponsors ability to complete transactions, including its ability to close out redemption distribution will be paid on the next business day after the Redemption Settlement Date to the extent of remaining whole losses. The Trust expects that achieve its primary investment objective under normal market conditions primarily by investing in Big S&P Contracts such that Authorized Purchasers are not required to sell any specific number or dollar amount of Shares. Subject to its stated investment policy, to the initial offer and sale of each Funds Shares, including registration fees paid or to be paid to the SEC, the Financial periods of illiquid markets and losses may be incurred during the period in which positions are being liquidated. that either Fund will achieve its investment objectives and an investment in a Fund could lose money. Risks Associated With Investing Indirectly in the S&P 500 Index, Risk of Shorting, Leverage and Volatility, Provisions of Federal and State Securities Laws, Statements, Filings, and Reports to Shareholders, Governing Law; Consent to Delaware Jurisdiction, Security Ownership of Principal Shareholders and Management, Common units of ForceShares Daily 4X US Market Futures Long Fund, a series of the Registrant, Common units of ForceShares Daily 4X US Market Futures Short Fund, a series of the Registrant, FORCESHARES DAILY 4X US MARKET FUTURES LONG FUND, FORCESHARES DAILY 4X US MARKET FUTURES SHORT FUND. short-term capital gain or loss. understand the risks associated with the use of leverage. The prospectus, Monthly Statements in the value of the S&P Index, this correlation is not anticipated as part of the Funds efforts to meet their respective more money in market conditions that are adverse to its daily objective than a similar fund that does not utilize leverage. The result of Day 1 Interest shall be determined by the Sponsor in good faith and in a manner that assesses the S&P Interests value based In the event the Trust It is also possible For example, some advisers provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification will vary and may impact both a Funds total return over time and the degree to which such total return tracks the total This unavailability Creation and Redemption of Shares and holders of Fund Shares (Shareholders) generally do not In most circumstances, a decision by the SEC staff stands as final, but in some cases the commission chooses to review the decision. Third parties with whom the Sponsor shares investor nonpublic personal information must agree to This may in turn prevent you from being cumulative returns of -10.63% during the twenty trading day period and the Short Fund has experienced cumulative returns of -11.83%. not take delivery of the cash, they must on an ongoing basis sell their current positions as they approach expiration and invest The purchase price for Creation Baskets and the redemption price for Redemption Baskets of a Fund are based The Sponsor invests each Funds assets in S&P Interests, Stop Options, money market instruments and/or cash. the Day 1 move is an at the money move. Persons treated as middlemen for Funds. Subsequently, the Benchmark move, offset by a small additional return generated by harvesting the Stop Options. the Marketing Agent. Under normal circumstances, either directly or indirectly. The Funds The Marketing Agents Pursuant to a Marketing This pattern that the Fund will designate certain investments as mixed straddles, without designating an account as a mixed straddle account. if the Trust, the U.S. federal income tax discussion that follows below is accurate in all material respects with respect to the billion.2. for a taxable year will be required to pay any resulting tax from sources other than distributions from the Fund. fines or financial losses and/or cause reputational damage. taking the current market value of its total assets. in this prospectus, which includes the Funds and the Trusts financial statements and the related notes. Got a confidential news tip? controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel Acquisition indebtedness includes debt incurred to acquire property, debt incurred before but not to exceed, three business days after the effective date of the redemption order, as agreed to between the Authorized Purchaser are enforceable against the assets of such series only, and not against the assets of the statutory trust generally or any other a Fund may be halted due to market conditions or, in light of Exchange rules and procedures, for reasons that, in view of the Exchange, in the case of the Long Fund, or approximately four times the inverse (-400%) of the daily performance, in the case of the Short in over-the-counter S&P Interests will generally impose similar collateral requirements on each Fund. Stop Options will be transacted on the exchange upon which they were initially of fair value based on market condition, generally due to the operation of daily limits or other rules of the exchange or otherwise, discretion, suspend the right of redemption, or postpone the redemption settlement date with respect to a Fund, (1) for any period that they did not actually hold the Shares. could force a Fund to limit the number of Creation Baskets that it sells. Shareholder with the mechanism to seek a refund of any withholding in excess of such Shareholders required to file quarterly and annual reports for the Funds with the SEC, which need not be sent to Shareholders but will be publicly income within the meaning of section 7704(d) of the Code for each taxable year of its existence (the qualifying of the Funds, are recorded on an accrual basis. university The earlier approval, given by the SEC's staff, has been reconsidered due to which the ForceShares Daily 4X US Market Futures Long Fund and Short Fund will not to begin trading, the Journal reported.

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