Direxion Daily FTSE Europe Bull 3X Shares EURL Strategy

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the FTSE Developed Europe All Cap Index. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is a market capitalization weighted index that is designed to measure the equity market performance of large-, mid- and small-cap companies in developed European markets. The fund is non-diversified.