HCMT – Direxion HCM Tactical EnhU.S.EqStratETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund is actively managed and seeks to provide enhanced returns across multiple market cycles that are broadly correlated to the U.S. equity markets. The fund will invest in, to have exposure to, U.S. equity securities in order to achieve capital appreciation, or will invest in cash or cash equivalents in order to attempt to preserve capital during market downturns. The fund 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
HCMT	Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	ETF	Open		—	Jun 21, 2023	$620.99M	1.180%	—	—	−$23.62M

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