GUSH – Direxion Dly S&P Oil&Gs Ex&Prd Bl 2X ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results of 200% of the daily performance of the S&P Oil & Gas Exploration & Production Select Industry Index. The index measures the performance of the domestic companies included in the integrated oil and gas, oil and gas exploration and production and oil and gas refining and marketing sub-industries as classified by the GICS. 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 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
GUSH	Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares	ETF	Open	—	—	May 28, 2015	—	0.940%	—	—	—
GUSH	Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares	ETF	Open	—	—	May 28, 2015	$236.39M	0.940%	—	—	−$194.77M

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