AAPU – Direxion Daily AAPL Bull 2X Shares – 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 AAPL. The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of AAPL and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to AAPL, 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
AAPU	Direxion Daily AAPL Bull 2X Shares	ETF	Open	—	—	Aug 8, 2022	$149.51M	0.960%	—	—	−$174.95M

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