Direxion Auspice Broad Commodity Strategy ETF (COM)

The investment seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The fund is an actively managed ETF that seeks to provide total return that exceeds that of the index. It will generally seek to maintain a portfolio of instruments similar to those included in the index by utilizing exchange-traded commodity futures contracts, swap contracts and investments in other investment companies or exchange-traded notes, thereby obtaining exposure to the commodities markets. The index is a rules-based index that attempts to capture trends in the commodity markets. The fund is non-diversified.