Direxion Daily Technology Top 5 Bear 2X ETF TTXD Strategy

The investment seeks daily investment results, before fees and expenses, of 200% of the inverse of the daily performance of the S&P 500 Information Technology Index. The fund, under normal circumstances, invests at least 80% of the fund’s net assets in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 1X daily inverse or short exposure to the index or to ETF that track the index, consistent with the fund’s investment objective. The components of the index and the percentages represented by various sectors in the index may change over time. The fund is non-diversified.