NEED : Direxion Daily Cnsmr Staples Bull 3XShrs

Fund Summary

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Consumer Staples Select Sector Index (the index). The fund normally invests at least 80% of its net assets in financial instruments and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes domestic companies from the consumer staples sector which includes the following industries: food and staples retailing; household products; food products; beverages; tobacco; and personal products. The fund is non-diversified.