RWLS [delisted] Direxion Russell Large Over Small Cap ETF

The investment seeks investment results, before fees and expenses, that track the Russell 1000®/Russell 2000® 150/50 Net Spread Index (the index).

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds (ETFs) on the Long Component of the index.

The index measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Index (the Long Component) and 50% short exposure to the Russell 2000® Index (the Short Component).

The fund is non-diversified.