Direxion Daily Ether Bull 2X ETF (EVMU)

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in the economic equivalents of ether by investing in one or more Reference ETPs that invest directly in ether and financial instruments that provide 200% daily exposure to 1Direxion Shares ETF Trust Prospectus the Reference ETPs. It is non-diversified.