The investment seeks to track the price and yield performance, before fee and expenses of the MSCI USA Short Daily Strategy index. The index monitors the performance of a strategy which involves reversing its exposure to the MSCI USA index (gross return) through a combination of a short position on the MSCI USA index gross return and exposure to a risk-free monetary instrument. As a result, it offers a reverse exposure, upwards or downwards, to the variations registered by the MSCI USA index.