DIREXION FLIGHT TO SAFETY STRATEGY ETF

The investment seeks to provide total returns that exceed the total return of the Solactive Flight to Safety Index over a complete market cycle. The fund, under normal circumstances, will generally seek to maintain a portfolio of instruments similar to those included in the index and may also utilize investments in other investment companies or exchange-traded products, or swap contracts to obtain exposure to certain securities or commodities included in the index. It is non-diversified.