These Direxion Daily 20+ Year Treasury ETFs, available in both "Bull" and "Bear" versions, are engineered to achieve a daily investment outcome that is three times (300%) the performance of the ICE U.S. Treasury 20+ Year Bond Index. Specifically, the "Bull" fund seeks to mirror the index's positive movement with a 300% return, while the "Bear" fund aims for a 300% return reflecting the inverse (or opposite) performance of the same index. These targeted results are calculated before any fees or expenses are factored in. Investors should be aware that there's no guarantee these funds will consistently meet their outlined daily investment objectives.