Index of reference : London Metal Exchange Palladium PM Fix Price/USD Index - USD
Under normal circumstances, the fund will invest at least 80% of the fund"s assets in, or provide exposure to, financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target.
It means that it is tracking the price of its index (London Metal Exchange Palladium PM Fix Price/USD Index - USD), but it is not directly investing in the components of this index.
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