Direxion Daily S&P 500 High Beta Bull 3X Shares HIBL

The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index provider selects 100 securities from the S&P 500 ® Index that have exhibited the highest sensitivity to market movements, or “beta,” over the past 12 months based on the securities’ daily price changes. It is non-diversified.