| The Direxion High Growth ETF (the Fund ) seeks investment results, before fees and expenses, that track the Russell 1000 Hyper Growth Index (the Index ). The Russell 1000 Hyper Growth Index seeks to identify domestic high growth companies by scoring securities for Quality, Momentum, Value, and Volatility factors and for representing Value or Growth stocks. The Index identifies Growth companies as those that, historically, have had high sales and forecasted high earnings and high cash flow growth relative to increases in share value. |