The Direxion Monthly High Yield Bull 1.2X Fund (DXHYX) is a mutual fund that seeks to provide investors with a high level of monthly income by investing in a diverse portfolio of high-yield bonds and other fixed-income securities. The fund aims to achieve a 1.2 times leveraged return on its investments, meaning it will use borrowed money to potentially increase its returns. This fund is best suited for investors seeking a higher level of income and are comfortable with a higher level of risk.