DXELX : Direxion Monthly Emerging Markets Bull 2X Fund

Fund Summary

The investment seeks monthly investment results, before fees and expenses, of 200% of the calendar month performance of the MSCI Emerging Markets IndexSM. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, ETFs that track the index and other financial instruments that provide monthly exposure to the index or ETFs that track the index. The index is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalizations securities across 26 emerging market countries. The fund is non-diversified.