The Fund aims to track the performance of the JPX-Nikkei 400 Inverse Index* by trading primarily Stock Index Futures and by investing mainly in short-term yen-denominated bonds as well as call loans. The Fund may also invest in JPX-Nikkei Index 400 constituent equities and in investment trusts that track the JPX-Nikkei Index 400 or the JPX-Nikkei 400 Inverse Index.