Yes, I stand corrected, PMPIX is 1.5x. I get confused with that sometimes. All their sector funds are 1.5x, I believe. As for redemption fees, Schwab has a standard fee of $49 so I suppose that would be their fee if redeemed within 90 days. There is also a fee by the fund for redemption within 30 days, equaling one-half percent on shares redeemed.