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| Symbol | Fund | Index/Benchmark | Daily Target | Bloomberg Index Symbol |
| 3x ETFs | ||||
| SOXS | Daily Semiconductor Bear 3x Shares | PHLX Semiconductor Sector Index | -300% | SOX |
Cusip 25459W 128
Inception date 3.11.10
Fund Objective
The Direxion Daily Semiconductor Bear 3x ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the PHLX Semiconductor Sector Index ("Semiconductor Index"). There is no guarantee the fund will meet its stated investment objective.
Target Index
The Semiconductor Index measures the performance of the semiconductor subsector of the U.S. equity market. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of September 30, 2011, the Semiconductor Index included companies with a median market capitalization of $4.8 billion. The average capitalization of the companies comprising the Semiconductor Index was approximately $11.3 billion. One cannot directly invest in an index.
Index Sector Weightings
| Semiconductors | 72.8% |
| Semiconductor Equipment | 21.0% |
| Computer Storage & Peripherals | 4.6% |
| Communications Equipment | 1.5% |
Data as of 09/30/2011 is subject to change at any time.
Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)
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An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus and summary prospectus contain 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.
The Funds are designed to be utilized only by sophisticated investors, such as traders and active investors employing dynamic strategies. Such investors are expected to monitor and manage their portfolios frequently. Investors in the Funds should (a) understand the consequences of seeking daily investment results, (b) understand the risk of shorting, and (c) intend to actively monitor and manage their investments.
An investment in the Funds involve risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, leverage, compounding, market volatility and specific risks regarding each sector, please read the prospectus.
Distributor: Foreside Fund Services, LLC.