Direxion Daily Developed Markets Bull 3x Shares (the Fund), formerly Developed Markets Bull 3x Shares, seeks daily investment results of 300% of the price performance of the MSCI EAFE Index (the Developed Market Index). The Developed Market Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the United States and Canada. The Fund, under normal circumstances, creates long positions by investing at least 80% of its net assets in the equity securities that comprise the Developed Market Index. The Fund will also invest in financial instruments that, in combination, provide leveraged and unleveraged exposure to the Developed Market Index. On a day-to-day basis, the Fund also holds money market instruments.