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. To obtain a prospectus or summary prospectus, please visit www.direxionshares.com. The prospectus and summary prospectus should be read carefully before investing.

Investing in the funds may be more volatile than investing in broadly diversified funds. The use of leverage by a fund means the Funds are riskier than alternatives which do not use leverage. The Funds are not suitable for all investors and should be utilized only by sophisticated investors who understand leveraged risk, consequences, of seeking daily leveraged investment results and intend to actively monitor and managed their investment. These Funds are not designed to track the underlying index for a longer period of time.

The risks associated with the funds are detailed in the prospectus which include: adverse market conditions risk, adviser’s investment strategy risk, currency exchange rate risk, counterparty risk, credit risk, daily correlation risk, derivatives risk, early close/trading halt risk, compounding and market volatility risk, emerging markets risk, foreign securities risk, Mining and Materials Industry companies risk, gain limitation risk, high portfolio turnover risk, intra-day investment risk, inverse correlation risk, leverage risk, liquidity risk, non-diversification risk, shorting risk, tax and distribution risk, tracking error 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.

Distributor: Foreside Fund Services, LLC.