RTSA

iPath Short Extended 3x Russell 2000 TR Index ETN

iPath® Short Extended Russell 2000® TR Index ETN is linked to a leveraged return on the inverse performance of the Russell 2000® Total Return Index (the "Index"). The Index is designed to track the performance of the small-cap segment of the U.S. equity market. It is a subset of the Russell 3000® Index and includes the 2,000 smallest companies included in the Russell 3000® Index as measured by total market capitalization. As of October 29, 2010, the Index® represented approximately 10.0% of the total market capitalization of the Russell 3000® Index and is reconstituted annually by the index sponsor according to the Index methodology, with the objective of reflecting in the Index performance new and growing equities meeting the criteria for inclusion and removing from the Index performance equities with a sufficiently large market capitalization to no longer constitute the small-cap segment.
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