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SOXL - Direxion Daily Semicondct Bull 3X ETF

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SOXL - Direxion Daily Semicondct Bull 3X ETF

https://portfolioslab.com/symbol/SOXL

SOXL is an aggressive and bullish 1-day bet on the constituents of the PHLX Semiconductor Sector Index, which is also tracked as an unlevered fund by iShares' SOXX. Aside from using swap agreements and futures contracts, SOXL rebalances its 3x leverage daily—meaning over the long haul, targeted returns could look significantly different due to compounding effects of this daily rebalance. The underlying index holds 30 US-listed companies, making foreign companies with ADR listings eligible for inclusion. The index, which selects and weights stocks by size, also caps any weighting at 8%, tempering the impact of sector giants. Nevertheless, SOXL is still a heavy bet on a concentrated group of companies that dominate the semiconductor segment.

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors. The fund is non-diversified.