Direxion Russell 1000 Growth Over Value
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The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds (ETFs) on the Long Component of the index. The index measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Growth Index (the Long Component) and 50% short exposure to the Russell 1000® Value Index (the Short Component). The fund is non-diversified.
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