are complete, the Funds will terminate. You agree that your use of this Website is subject to you reviewing and acknowledging the terms of this disclaimer and the website’s terms of use. shareholders may only be able to sell their shares to certain broker-dealers
As calculated on the Liquidation Date, each Fund’s net asset value will reflect the costs of closing the Fund. investment objective, risks, charges, and expenses before investing. To obtain a Fund’s prospectus and summary prospectus call
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. correlation, daily compounding, market volatility and risks specific to an
The ETFs do not attempt to, and should not be expected to,
An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. On or about the Liquidation Date, each Fund will
Founded in
The use of leverage by a Fund increases the risk to the Fund. asset value will reflect the costs of closing the Fund.
The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry or sector which can increase volatility. Direxion
Market Disruptions Resulting from COVID-19. As a result, the Board concluded that liquidating and closing the Funds would be in the best interest of the Funds and their shareholders. These solutions are available for a broad 1997, the company has approximately $17 billion in assets under management as About Direxion: Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. with seeking daily leveraged and inverse investment results, and intend to NEW YORK—September 18, 2020— Direxion continually reviews its product range to ensure it’s meeting the needs of our clients. Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of 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 646-760-3323 or click here. industry or sector, please read the prospectus. or sector which can increase volatility. Arca, Inc. (“NYSE”) and will be closed to purchase by investors as of the close As calculated on the Liquidation Date, each Fund’s net For other risks including leverage, This Website does not provide investment advice or recommendations, nor is it an offer or solicitation of any kind to buy or sell any investment products. concentration that results from an ETF’s investments in a particular industry principal. The ETFs are non-diversified and include risks associated with concentration that results from an ETF’s investments in a particular industry or sector which can increase volatility. This Website is not directed to the general public in Hong Kong. These distributions are taxable each Fund will be in the process of closing down and liquidating its portfolio. However,
of June 30, 2020. in macro themes, or building long-term asset allocation strategies. Citing inability to attract sufficient investment assets, Direxion announces liquidation and closing the funds. leveraged and inverse investment strategies employed, there is no guarantee of The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. There Distributor for Direxion Shares: Foreside Fund Services, LLC.Distributor for Direxion Funds: Rafferty Capital Markets LLC.
for periods other than a single day. Direxion Russell Large Over Small Cap ETF Past performance is not indicative of future results. The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. DAL is an affiliate of other companies within the Direxion Group companies which may manage the products and provide the services described herein, which are not directed to the general public in Hong Kong. Based upon a recent review, the Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close nine ETFs (each, a “Fund” and collectively, the “Funds”), based on the recommendation of the Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”). Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. prospectus and summary prospectus contain this and other information about the 571) ("Ordinance"). A Fund’s prospectus and Foreside Fund Services, LLC is the distributor for the Direxion Shares in the United States only. Leveraged ETFs are not suitable for all investors For other risks including leverage, correlation, daily compounding, market volatility and risks specific to an industry or sector, please read the prospectus. The ETFs are non-diversified and include risks associated with Fund prior to the Closing Date subject to customary brokerage charges. contracts and swaps are subject to market risks that may cause their price to For other risks including correlation, compounding, market volatility and risks specific to an industry or sector, please read the prospectus. This process will result in a Fund increasing its cash holdings and, as a
Once the distributions are complete, the Funds will terminate. An investor should carefully consider a Fund’s and there is no assurance that there will be a market for a Fund’s shares
provide returns which are a multiple of the return of their respective index Companies within the Direxion Group which do not carry out regulated activities in Hong Kong are not subject to the provisions of the Ordinance. Information herein is not intended for Professional Investors in any jurisdiction in which distribution or purchase is not authorized. A Fund’s reputation is founded on developing products that precisely express market Between the Closing Date and the Liquidation Date,
866-716-0735 or visit our website at direxion.com. visit www.direxion.com. not previously redeemed or sold their shares. Direxion Shares.
The use of derivatives such as futures
Distributor: Foreside Fund Services, LLC.
Direxion Daily Communication Services Index Bull 3X Shares, Direxion Daily Communication Services Index Bear 3X Shares, Direxion Daily Consumer Discretionary Bear 3X Shares, Direxion Daily Consumer Staples Bull 3X Shares, Direxion Daily Consumer Staples Bear 3X Shares, Direxion Daily Developed Markets Bull 3X Shares, Direxion Zacks MLP High Income Index Shares, Direxion All Cap Insider Sentiment Shares. from October 16, 2020 through October 23, 2020 (the “Liquidation Date”) Direxion Shares Risks - An investment in the ETFs involves risk, including the possible loss of principal. consequence, not pursuing its investment objective. spectrum of investors, whether executing short-term tactical trades, investing The Funds will not accept purchase orders Direxion Asia Limited ("DAL") is licensed with and regulated by the Securities Futures Commission of Hong Kong ("SFC") (CE Number: BAZ386) to provide services to Professional Investors.
Active and frequent trading associated with a regular rebalance of a fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles.
For more information on all Direxion Shares daily leveraged ETFs, The Funds are non-diversified and include risks associated with concentration risk which results from the Funds’ investments in a particular industry or sector and can increase volatility over time. during this time period. Rafferty believes they cannot continue to operate the Funds in an economically efficient manner, due to the their inability to attract sufficient investment assets. fluctuate over time. and should be utilized only by investors who understand the risks associated Once the distributions events. long-term inverse returns. gains and dividends. Due to the daily nature of the For more information, please purpose and fine-tuned for precision. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund. DAL does not maintain nor is it responsible for the contents of this Website, which has not been approved by the SFC. Hong Kong Investors - This website and the investment products referenced herein ("Website") are directed to persons who are "Professional Investors" within the meaning of the Hong Kong Securities and Futures Ordinance (Cap. Direxion Funds Risks - An investment in the Funds involves risk, including the possible loss of principal. A Fund’s prospectus and summary prospectus should be read carefully before investing. actively monitor and manage their investments. is no guarantee that the Funds will achieve their investment objectives. Shareholders may sell their holdings in a In addition, these payments to shareholders may include accrued capital summary prospectus should be read carefully before investing. The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. equips investors who are driven by conviction with ETF solutions built for perspectives and allow investors to manage their risk exposure. liquidate its assets and distribute cash pro rata to all shareholders who have
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. go to direxion.com, or call us at 866.301.9214. The Funds will cease trading on the NYSE after the Closing Date. of regular trading on the NYSE on October 16, 2020 (the “Closing Date”). Direxion’s
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