An investor should consider the investment objectives, risks, charges, and expenses of Direxion

Shares carefully before investing. The prospectus and summary prospectus contains this and other

information about Direxion Shares. Click here to obtain a prospectus and summary prospectus.

The prospectus and summary prospectus should be read carefully before investing.

Investing in index funds may be more volatile than investing in broadly diversified funds. The use of

leverage by a fund increases the risk to the fund. The Funds are not suitable for all investors and

should be utilized only by sophisticated investors who understand leverage risk, consequences of

seeking daily leveraged investment results and intend to actively monitor and manage their investment.

The Funds are not designed to track the underlying index over a longer period of time.

The risks associated with the funds are detailed in the prospectus which include adverse market condition risk,

adviser's investment strategy risk, aggressive investment techniques risk, concentration risk, counterparty risk,

credit and lower-quality debt securities risk, equity securities risk, currency exchange risk, daily correlation risk,

daily rebalancing and market volatility risk, depository receipt risk, foreign and emerging markets securities risk,

sector securities risk, interest rate risk, inverse correlation risk, leverage risk, market risk, non-diversification risk,

shorting risk, small and mid cap company risk, tracking error risk, and special risks of exchange-traded funds,

market timing activity and high portfolio turnover risk, investing in other investment companies and ETFs risk,

commodities securities risk, geographic concentration risk, valuation time risk, derivatives risk, commodity-linked

derivatives risk, wholly-owned subsidiary risk, tax risk, options and futures contracts risks, security selection risk,

Debt Instrument Risk, Gain Limitation Risk, Real Estate Investment Risk, U.S. Government Securities Risk, and

Special Risks of Exchange-Traded Funds. Shorting securities occurs when investors sell securities they don’t own

and are committed to repurchasing eventually.
 

Distirbutor: Foreside Funds Services, LLC