CSCL

Direxion Daily CSCO Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the daily performance of CSCO. The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of CSCO and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to CSCO, consistent with the fund's investment objective. The fund is non-diversified.