The iPath® Long Extended Russell 1000® TR Index ETN is designed to provide investors with leveraged return on the performance of the Russell 1000® Total Return Index.
The Russell 1000® Total Return Index is designed to track the performance of the large-cap segment of the U.S. equity market. It is a subset of the Russell 3000® Index and includes the 1,000 largest companies included in the Russell 3000® Index as measured by total market capitalization.
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