SPUU – Direxion Daily S&P 500® Bull 2X ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the S&P 500® Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. 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
SPUU	Direxion Daily S&P 500® Bull 2X Shares	ETF	Open	—	—	May 28, 2014	$295.50M	0.600%	—	—	$30.34M
SPUU	Direxion Daily S&P 500® Bull 2X Shares	ETF	Open	—	—	May 28, 2014	—	0.600%	—	—	—

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