Study of SOXL and SOXS
The Direxion Daily Semiconductor Bull and Bear 3X Shares (SOXL and SOXS) seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the PHLX Semiconductor Sector Index. There is no guarantee the funds will meet their stated investment objectives.
These leveraged ETFs (SOXL_Factsheet) seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.
