Direxion Daily S&P500 Bull 3X ETF (SPXL)

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Fund Summary

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P 500® Index. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the S&P 500® Index and/or financial instruments that provide leveraged and unleveraged exposure to the index. These financial instruments include: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds; and other financial instruments. It is non-diversified.