DIREXION DAILY LATIN AMERICA BULL 2X SHARES ETF

The investment seeks daily leveraged investment results, before fees and expenses, of 200% of the daily performance of the S&P Latin America 40 Index. The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, ETFs that track the index, securities of the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a float-adjusted market capitalization weighted equity index of issuers drawn from five major Latin American markets: Brazil, Chile, Columbia, Mexico, and Perú. The fund is non-diversified.