NAIL – Direxion Daily Hmbldrs&Supls Bull 3X ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results of 300% of the daily performance of the Dow Jones U.S. Select Home Construction Index. The fund invests at least 80% of its net assets in financial instruments, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index measures U.S. companies in the home construction sector and defines homebuilder & supplier companies as those that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and etc. 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
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X Shares	ETF	Open	—	—	Aug 19, 2015	—	0.960%	—	—	—
NAIL	Direxion Daily Homebuilders & Supplies Bull 3X Shares	ETF	Open	—	—	Aug 19, 2015	$531.68M	0.960%	—	—	$233.29M

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