The Direxion Daily S&P 500 High Beta Bull 3X ETF, and its corresponding bearish fund, are designed to provide daily returns equivalent to three times (300%) the performance of the S&P 500 High Beta Index, or three times its opposite for the inverse product. These results are measured before the deduction of any fees or operational costs. Investors should be aware, however, that there is no certainty these funds will consistently achieve their specified daily investment goal.