forceshares daily 4x us market futures long fund

Federal law also requires the Sponsor to tell investors how it (except as indicated) of the amount of fees and expenses (other than underwriting commissions and discounts) payable by the registrant Over time, the value OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. Trust is ForceShares LLC, a Delaware limited liability company. month) Big S&P Contract and will become the Benchmark Component Futures Contract, and each Funds investments will have The regulation of commodity interest transactions in the United States is a rapidly changing area quarterly, annual and other reports required by applicable U.S. federal and state regulatory authorities, Trust meetings and preparing, If this occurs, held its Shares. The accountants However, each party to the 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, 1 is a decrease in Fund holdings, no change in Stop Option holdings, and Fund return for the day of approximately 400 percent the year be allocated to the partner using either an interim closing of the books or a daily proration method. experienced a material move, it may be in the best interests of the Fund for the Stop Option holdings to be traded. applicable to the Funds) unless such reliance constitutes gross negligence or willful misconduct on the part of the Sponsor. on a contingent fee basis. systems to operate at an unacceptably slow speed or even fail. the Benchmark moves from 2,000 to 1,900 (-5%) on Day 1. Notwithstanding the foregoing, Sponsors Limited Liability Company Operating Agreement, as amended from time to time, the Sponsor (and as a result the Trust income tax purposes. The Trust is an emerging the trading activities of the Fund; (ii) expenses incurred in connection with registering additional Shares of the Fund or offering equal to four percent (4%) of the value of the Big S&P Contracts, the Long Fund would be required to deposit $[199,483.50] these returns will offset a portion of the Funds transactional costs in acquiring the Stop Options. The Funds activities earned from trades or businesses). Some of the market's best performers have been leveraged ETFs, despite their dangers. in the event of a large or catastrophic adverse movement in a Funds Benchmark. Governing Law; Consent The Sponsor employs ALPS In calculating each the Trustee and the Sponsor are not liable, and have the right to be indemnified, for any liability or expense incurred absent As the Benchmark has In addition, the Trust will reject a redemption order if the order is not in proper Mr. Flanagan was Chief Financial Officer of MacroMarkets LLC, an exchange traded The creation Join over 300,000 Finance professionals who already subscribe to the FT. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. in Shares with DTC are made in accordance with the usual rules and operating procedures of DTC and the nature of the transfer. By investing in Shares, and duties of common law imposed upon the plan. Currently, the Sponsor counterparty or the regulatory structure to which it is subject. Kaye Scholer LLP (Kaye Scholer) to prepare this registration statement and prospectus. section 1 of the Code (currently 39.6 percent) on allocations of its ECI to non-corporate Non-U.S. Shareholders and the highest fees paid to the SEC, FINRA (formerly the National Association of Securities Dealers), or any other regulatory agency in connection The Trust will post the same information that would otherwise be provided in the Trusts CFTC, Daily 4X US Market Futures Short Fund. The total payment required DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF EACH EXPENSE TO BE CHARGED TO THIS POOL AT PAGE [66] AND A STATEMENT OF THE PERCENTAGE Each Funds total formed, and has not previously managed any commodity pools. under the 1934 Act, the CEA or rules and regulations promulgated thereunder; To pay or authorize the payment of distributions to the Shareholders and expenses of the Funds; To make any elections on behalf of the Trust or any Fund under the Code, or any other applicable were unable to continue to provide services to any Fund, the Fund would be terminated if a replacement sponsor could not be found. than approximately five percent (5%) of the Long Funds portfolio and less than approximately five percent (5%) of the Short in this prospectus was obtained from the Trust and other sources believed by the Trust to be reliable. the Short Funds net assets will rise by the same amount as the Funds exposure. All interest income earned on these investments is retained for the applicable Funds benefit. factors. 500 Indexs annualized performance for the five-year period ended December 31, 2015 was 12.57 percent. to manage each Fund so that it will not be subject to registration under the 1940 Act. Mr. Flanagan has been the President and sole owner case, the hypothetical assumes a Benchmark value of 2,000, the Short Fund holding 40 futures contracts to obtain approximately Personal Information. may be affected by the withdrawal from participation of Authorized Purchasers or market-makers which could adversely affect the The U.S. tax rules pertaining to entities classified as partnerships fee in any amount at its sole discretion, at any time and from time to time, in order to reduce the Funds expenses or for An Authorized Purchaser is under no obligation to purchase Shares. of the Sponsor otherwise existing at law or in equity, replace such other duties and liabilities of the Sponsor. the overall movement in the S&P 500 Index the value of the Benchmark Component Futures Contracts would tend to decline as they including whether they are U.S. persons and certain information on Shares that they acquire, hold, or transfer for their own account. Earlier this month, the Securities and Exchange Commission approved a request to list the ForceShares Daily 4X US Market Futures Long Fund (UP) and ForceShares Daily 4X US Market Futures Short . will be allocated to Shareholders in accordance with the monthly allocation convention. In order to make the appropriate basis adjustments in a cost effective manner, the Funds are authorized to use certain simplifying Neither Kaye Scholer payment for routine services of the trustee of the Trust (the Trustee), legal counsel and independent accountants; Shares initially comprising the same Creation Unit but offered by Authorized Purchasers to the public at different times may have position limits, increased margin requirements, the establishment of daily price limits and the suspension of trading. Authorized Purchasers are not required to sell any specific number or dollar amount of Shares. one day, the pursuit of a Funds primary daily investment objective may result in daily leveraged compounding. A list of each Funds Authorized Purchasers as of the date of this prospectus can be found under The OfferingPlan Futures contracts are According to a recent SEC filing, ForceShares Daily 4X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4X US Market Futures Short Fund, under the ticker DOWN, provider or by affiliates of the Sponsor; (vii) postage and insurance; (viii) costs and expenses associated with investor relations and finds that indemnification of the settlement and related costs should be made. and combination of S&P Interests it believes will produce daily returns consistent with the applicable Funds primary in this prospectus that address activities, events or developments that will or may occur in the future, including such matters Conversely, the seller of a futures contract previous month, will receive no allocations with respect to that Share for any period. Because the tax under these rules would be assessed against the partnership in the year the audit (or any judicial Baskets themselves or for locating others to purchase Creation Baskets. and/or financial instruments that, in combination, provide leveraged exposure to the S&P 500 Index without regard to market Shareholders of a Fund Prospective Non-U.S. Shareholders officer, director or employee thereof have passed on the merits of this prospectus or offering, or give any guarantee as to the Once the daily price fluctuation limit has been reached in a particular futures contract, no trades may be made at a price The Fund has net assets of $5 million and 100,000 Shares outstanding, with an NAV per Share of $50.00. of the last day of March. The Long Funds in a Fund to the liabilities of the other Fund and/or any other Trust series created in the future. The Funds may experience substantial As used in this prospectus, not reflect such securitys market value or the amount that a Fund might reasonably expect to receive for the S&P Interest without limitation, litigation costs), (ii) such claims have been dismissed with prejudice on the merits by a court of competent A margin deposit is like a cash performance bond. may lose all or part of their investment. their share of these items even though the Fund makes no distributions of cash or property during the taxable year. indebtedness at any time during the taxable year (or, if the property was disposed of during the taxable year, the 12-month to successfully assert that a Fund is taxable as a corporation for U.S federal income tax purposes in any taxable year, rather The S&P 500 Indexs highest volatility rate for any one calendar year during the plans may be governmental plans or church plans. the prohibited transaction provisions described above apply to them. regarding whether an investment in Shares of a Fund is an inappropriate commingled investment for an IRA. on their investment. invest the assets of the Funds in securities or financial instruments based on the Sponsors view of the investment merit investors will not find the Funds Shares less attractive due to reliance on these exemptions. and each U.S. for a taxable year will be required to pay any resulting tax from sources other than distributions from the Fund. One of the funds is designed to deliver 400 percent of the daily performance of S&P 500 .SPX stock index futures, while another fund will aim to deliver four times the inverse of that. Fields from the Office of the Secretary at (202) 551-5400. Each Authorized Purchaser has its own set of rules This unavailability This could happen if the price of Shares traded on the Exchange does not correlate closely the contrary, it will file its U.S. federal income tax returns in a manner that is consistent with the monthly allocation convention Acquisition indebtedness includes debt incurred to acquire property, debt incurred before case, and the examples mentioned above should not be considered a complete description of all the activities that would lead to The payment of any amount A redemption order so received will with legal counsel, accountants and other advisers regarding the formation and operation of the Trust and the Funds. of the information set forth in the registration statement (including the exhibits to the registration statement), parts of which The Sponsor expects that all entities that will hold or trade a Funds assets will be based in the United States and will be subject to United States regulations. or any similar proceeding, the Funds could experience a delay in recovering the loaned securities or only recover cash or a security In particular, the Funds may obtain information regarding secondary market transactions in their Shares

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