Direxion Daily Industrials Bull 3X Shares (Direxion Daily Industrials Bull) ETF

The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index includes domestic companies from the industrials sector as classified by the Global Industry Classification Standards (“GICS”). The fund is non-diversified.