An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and
summary prospectus contain this and other information about the Direxion Shares. To obtain a Fund’s prospectus and summary prospectus
call 866-476-7523 or visit our website at direxioninvestments.com. A Fund’s prospectus and summary prospectus should be read carefully
before investing.
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by an ETF increases the risk to the ETF.
The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences
of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. The Direxion Shares
ETFs are not designed to track their respective underlying indices over a period of time longer than one day.
Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is non-diversified and includes risks
associated with the Funds’ concentrating their investments in a particular industry, sector, or geographic region which can result in increased volatility. The
use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Each Fund does not
attempt to, and should not be expected to, provide returns which are three times the return of their underlying index for periods other than a single day.
Risks of each Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Counterparty Risk, Intra-Day Investment Risk, risks specific to
the Communication Services Sector, for the Direxion Daily Communication Services Index Bull 3X Shares, Daily Index Correlation/Tracking Risk and Other
Investment Companies (including ETFs) Risk, and for the Direxion Daily Communication Services Index Bear 3X Shares, Daily Inverse Index Correlation/
Tracking Risk, and risks related to Shorting and Cash Transactions. The success of companies in the communication services sector is tied closely to the
performance of the overall domestic and international economy, interest rates, competition and consumer confidence, and may be subject to severe
competition, which may have an adverse impact on a company’s profitability. Please see the summary and full prospectuses for a more complete
description of these and other risks of each Fund. Distributor: Foreside Funds Services, LLC