Direxion Daily Metals & Mining Bull 2X Shares MNM

The index measures the performance of the equity securities of companies in the S&P Total Market Index that are classified under the GICS as being in the metals and mining industry. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index which provide returns consistent with the objective. It is non-diversified.