Industrials Select Sector Index (DUSL) seeks daily investment results, before fees and expenses, of 300% of the performance of the Industrial Select Sector Index.
MSCI Mexico IMI 25/50 Index (MEXX) seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Mexico IMI 25-50 Net Total Return USD Index.
Dow Jones Transportation Average (TPOR) seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones Transportation Average Index.
Finally, Utilities Select Sector Index (UTSL) seeks daily investment results, before fees and expenses, of 300% of the performance of the Utilities Select Sector Index.
Like all leveraged ETFs, these Direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking inverse investment results, and who plan to actively monitor and manage their positions.
| Fund | Symbol | CUSIP | Benchmark | Gross Expense
Ratio |
Net Expense Ratio* |
| Direxion Daily Aerospace & Defense Bull 3X Shares | DFEN | 25460E661 | Dow Jones U.S. Select Aerospace & Defense Index | 1.09% | 0.95% |
| Direxion Daily Industrials Bull 3X Shares | DUSL | 25460E737 | Industrials Select Sector Index | 1.09% | 0.95% |
| Direxion Daily MSCI Mexico Bull 3X Shares | MEXX | 25460E752 | MSCI Mexico IMI 25/50 Index | 1.10% | 0.95% |
| Direxion Daily Transportation Bull 3X Shares | TPOR | 25460E679 | Dow Jones Transportation AverageTM | 1.09% | 0.95% |
| Direxion Daily Utilities Bull 3X Shares | UTSL | 25460E711 | Utilities Select Sector Index | 1.02% | 0.95% |
* Rafferty Asset Management, LLC (“Rafferty” or the “Adviser”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2018, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s daily net assets (excluding, as applicable, among other expenses, management fees, Rule 12b-1 distribution and/or service fees, Management Services Fees, any front-end or contingent deferred sales loads, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization and extraordinary expenses such as litigation or other expenses outside the typical day-to-day operations of the Fund).