Direxion Daily Travel & Vacation Bull 2X Shares (Direxion Daily Travel & Vacatio) ETF

The index is comprised of US-listed stocks, including depository receipts, of companies that are “Travel and Vacation” companies. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.