FNGG – Direxion Daily NYSE FANG+ Bull 2X Shares – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results of 200% of the daily performance of the NYSE FANG+ Index. The index is an equal-dollar weighted Index designed to track the performance of 10 highly-traded growth stocks of technology and tech-enabled companies. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FNGG	Direxion Daily NYSE FANG+ Bull 2X Shares	ETF	Open	—	—	Sep 29, 2021	$119.44M	0.970%	—	—	−$43.34M

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