DIREXION DAILY MSCI INDIA BULL 2X SHARES

The investment seeks daily leveraged investment results, before fees and expenses, of 200% of the daily performance of the MSCI India 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 designed to measure the performance of the large- and mid-capitalization segments of the Indian equity market, covering approximately 85% of the Indian equity universe. The fund is non-diversified.