Direxion Changes Index for Small Cap ETF

ETF Provides 1.25X Exposure to the S&P SmallCap 600® Index

NEW YORK—October 2, 2017— Direxion is changing the benchmark index of the Direxion Daily Small Cap Bull 1.25X Shares. The modification will take effect on December 1, 2017.

The changes are summarized as follows:

Fund Name Current Index Ticker New Index
Direxion Daily Small Cap Bull 1.25X Shares Russell 2000® Index LLSC S&P Small Cap 600® Index

“We are very pleased to expand our relationship with Standard & Poors, whose indices have long been among the leaders in the industry,” said Sylvia Jablonski, Managing Director at Direxion. “The S&P SmallCap 600® Index provides our investors with the most recognizable exposure to the U.S. small-cap equities.”

Like all leveraged ETFs, this Direxion product is intended only for investors with an understanding of the risks associated with seeking leveraged investment results. There is no guarantee the Fund will meet its investment objective.

Press Release (pdf)

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $12.1 billion in assets under management as of June 30, 2017. Direxion’s diverse suite of products helps investors navigate today’s ever-changing markets. For more information, please visit roo-okt.ru.

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There is no guarantee that the Fund will achieve its investment objective.

For more information on all Direxion Shares’ daily leveraged ETFs, go to roo-okt.ru, or call us at 866.476.7523.

The ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at roo-okt.ru. The prospectus and summary prospectus should be read carefully before investing.

Direxion Shares Risks:

An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its 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. The Fund does not attempt to, and should not be expected to, provide returns which are 1.25 times the performance of its underlying index for periods other than a single day. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Counterparty Risk, Daily Index Correlation/Tracking Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs) Risk and risks specific to investment in small and/or mid-capitalization securities. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund.

Distributor: Foreside Fund Services, LLC.