Direxion Daily NYSE FANG+ Bull 2X Shares

The index is an equal-weighted index designed to include Facebook, Apple, Amazon, Netflix and Google and similar highly-traded growth stocks of technology and tech-enabled companies from the IT, communication services and consumer discretionary sectors. The fund 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 and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. It is non-diversified.