Direxion Monthly High Yld Bull 1.2X Inv (Direxion Monthly High Yield Bul) fond

The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, ETFs that track the index and other financial instruments provide monthly leveraged exposure to the index or to ETFs that track the index. The index is a rules-based systematic strategy index calculated in U.S. Dollars that provides exposure to an equal weighted portfolio of three high yield ETFs. It is non-diversified.