Why Direxion Matters

You're in, and you're out. You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion Shares is with you. Our leveraged ETFs are powerful tools built to help you:

• Magnify your short-term perspective with daily 2x and 3x leverage
• Go where there's opportunity, with bull and bear funds for both sides of the trade; and
• Stay agile - with liquidity to trade through rapidly changing markets

The Leveraged ETFs 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 investments. Leverage ETFs are not designed to track the underlying index over a longer period of time.

Educate Me

Direxion Shares are leveraged Exchange-Traded Funds (ETFs) designed to seek daily investment results, before fees and expenses, of 200% or 300% of the performance (or 200% and 300% of the inverse of the performance, in the case of a bear fund), of the benchmark index that they track. There is no guarantee that the funds will achieve their objective.

These funds are intended for use only by sophisticated investors who:

• understand the risks associated with the use of leverage;
• understand the consequences of seeking daily leveraged investment results; and
• intend to actively monitor and manage their investments.

These funds are NOT intended for use by conservative investors who:

• cannot tolerate substantial losses in short periods of time;
• are unfamiliar with the unique nature and performance characteristics of funds that seek leveraged daily investment results; and
• are long-term investors who do not monitor their portfolios frequently.

Direxion seeks to provide educational materials on the Leveraged ETFs in order to help investors gain greater understanding of how these complicated products work.

Direxionshares University >

Take our FREE leveraged ETF course BEFORE you trade. If you’re a CFP, you can also get continuing education credit.

Upon course completion, investment professionals may access a certificate of completion that confirms the 1.0 credit-hour granted, and is signed by a CE administrator from Greene Consulting Associates. This formal record of completion can be submitted manually or electronically, to your professional accreditation body.

Understanding Leveraged Exchange-Traded Funds >

This brochure provides insight into Direxion Shares’ fund composition and management process and discusses the risks associated with them.

Volatility Matters >

This piece illustrates how different volatility levels of a fund's benchmark index can impact the returns of leveraged ETFs for periods greater than a day.

TYNS / TYD / TYO Details

Fund Objective

The Direxion Daily 7-10 Year Treasury Bull 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the price performance of the NYSE 7-10 Year Treasury Bond Index (AXSVTN). There is no guarantee the fund will meet its stated investment objective.

The Direxion Daily 7-10 Year Treasury Bear 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the NYSE 7-10 Year Treasury Bond Index (AXSVTN). There is no guarantee the fund will meet its stated investment objective.

Target Index

The NYSE 7-10 Year Treasury Bond Index (AXSVTN) is a multiple-security fixed income index that aims to track the total returns of the intermediate 7 to 10 year maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding. One cannot directly invest in an Index.

TYBS / TMF / TMV Details

Fund Objective

The Direxion Daily 20 Year Plus Treasury Bull 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the price performance of the NYSE 20 Year Plus Treasury Bond Index (AXTWEN). There is no guarantee the fund will meet its stated investment objective.

The Direxion Daily 20 Year Plus Treasury Bear 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the NYSE 20 Year Plus Treasury Bond Index (AXTWEN). There is no guarantee the fund will meet its stated investment objective.

Target Index

The NYSE 20 Year Plus Treasury Bond Index (AXTWEN) is a multiple-security fixed income index that aims to track the total returns of the long-term 20 year and greater maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding.One cannot directly invest in an Index.

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• new product launches and enhancements
• educational and value add events, such as web seminars and conferences
• valuable product related-tools developed by Direxion

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