MUTE Stock, Direxion Daily Communication Services Index Bear 3X Shares Information

The investment seeks daily investment results before fees and expenses of 300% of the inverse of the daily performance of the Communication Services Select Sector Index. The fund normally invests in swap agreements futures contracts short positions or other financial instruments that in combination provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets. The index includes domestic companies from the communication services sector which includes the following industries diversified telecommunications services wireless communication services media entertainment and etc. The fund is nondiversified. The fund normally invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the funds net assets.