| Investment Objective: |
The Direxion Daily SK Hynix Bull 2X ETF (the "Fund") seeks daily leveraged (2X) investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the American depositary receipts of SK hynix Inc. (NASDAQ: SKHY) ("SKHY"), before fees and expenses. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% of the performance of SKHY for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 200% of the return of SKHY for that period. Longer holding periods, higher volatility of SKHY and leverage increase the impact of compounding on an investor's returns. During periods of higher SKHY volatility, the volatility of SKHY may affect the Fund's return as much as, or more than, the return of SKHY. SK hynix Inc. ("SK hynix") is a South Korean global semiconductor company that engages in the manufacture and sale of semiconductor devices. |
