The Direxion Daily Magnificent 7 Bull 2X and Bear 1X Shares seek daily investment results, before fees and expenses, of 200%, or 100% of the inverse (or opposite), of the performance of the Indxx Magnificent 7 Index.
https://www.direxion.com/product/daily-magnificent-7-bull-2x-bear-1x-etfs
1.3.SECURITY SELECTION PROCESS
Based on extensive research, Indxx has defined Magnificent 7 as being comprised of the following
companies, as of January 2024:
https://indxxcontent.s3.amazonaws.com/media/Documents_Manager/Indxx_Magnificent_7_Index_-_Methodology.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIA5UFOOTCBIBQN76OF%2F20241227%2Fap-south-1%2Fs3%2Faws4_request&X-Amz-Date=20241227T140030Z&X-Amz-Expires=3600&X-Amz-SignedHeaders=host&X-Amz-Signature=8d9188783f3b960b39a802d19985d92cd92145a575e4e788fad387f2b81c1495
to achieve its investment objective through its investment
exposure to the companies comprising the “Magnificent Seven,” a group of seven companies commonly recognized for their market
dominance in technological innovation. As of April 30, 2024, the seven companies comprising the Magnificent Seven were: Alphabet
Inc., Amazon.com, Inc., Apple Inc., Meta Platforms, Inc., Microsoft Corporation, NVIDIA Corporation, and Tesla Inc.
On a quarterly basis, the Fund will rebalance its exposure so that each company is equally-weighted in its
portfolio. To the extent the companies that comprise the Magnificent Seven change, the Fund will seek to effect such change as soon
as reasonably practical, but in no event later than its next regularly-scheduled quarterly rebalance.
https://www.roundhillinvestments.com/assets/pdfs/roundhill_prospectus.pdf