The “S&P 500 Index” is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by Rafferty Asset Management, LLC (“Rafferty”). Absent these reimbursements or recoupments and fee waivers, results would have been less favorable. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. “CUSIP” is a registered trademark of the American Bankers Association. The CUSIP Database, © 2011 American Bankers Association. To obtain a Fund’s prospectus and summary prospectus call 86 or visit our website at A Fund’s prospectus and summary prospectus should be read carefully before investing.ĬUSIP Identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard and Poor’s Financial Services, LLC, and are not for use or dissemination in any manner that would serve as a substitute for a CUSIP service. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. For additional information, see the fund’s prospectus.Īn investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Returns for performance under one year are cumulative, not annualized. Current performance may be lower or higher than the performance quoted. An investor’s shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value of an investment will fluctuate. Past performance does not guarantee future results. ![]() The performance data quoted represents past performance. If these expenses were included, the expense ratio would be higher. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.93% for SPXL and 0.95% for SPXS. * The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. The Primary Listing Exchange is the NYSE Arca, Inc.
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