WEBL WEBS
Leveraged & Inverse ETFs

Direxion Daily Dow Jones Internet Bull and Bear 3X Shares
Overview
The Daily Dow Jones Internet Bull and Bear
3X Shares seek daily investment results,
before fees and expenses, of 300%, or300% of the inverse (or opposite), of theperformance of the Dow Jones Internet
Composite Index. There is no guarantee
the funds will achieve their statedinvestment objectives.
These leveraged ETFs seek a return that is300% or -300% the return of its benchmark
index for a single day. The funds should
not be expected to provide three times
or negative three times the return ofthe benchmark’s cumulative return for
periods greater than a day.

Target Index
The Dow Jones Internet Composite Index(DJINETT) is provided by S&P Dow Jones
Indices and includes companies thatgenerate at least 50% of their annual
sales/revenue from the internet as
determined by the Index Provider.
Additionally, each stock must have aminimum of three months’ trading history
and a three month average market
capitalization of at least $100 million. TheIndex consists of 40 stocks from two
different sectors, internet commerce andinternet services. One cannot invest
directly in an index.

Investing in a Direxion Shares ETF may be
more volatile than investing in broadly
diversified funds. The use of leverage by aFund increases the risk to the Fund. The
Direxion Shares ETFs are not suitable for all
investors and should be utilized only bysophisticated investors who understandleverage risk, consequences of seeking daily
leveraged, or daily inverse leveraged,
investment results and intend to actively
monitor and manage their investment.

WEBL

Direxion Daily Dow Jones Internet Bull 3X Shares

WEBSDirexion Daily Dow Jones Internet Bear 3X Shares

Fund FactsWEBLWEBSWEBL.IVWEBS.IV

Fund Symbol
Intraday Indicative Value

DJINETTDJINETT

25460E36425460G666

Daily Target

300%

-300%

Gross Expense Ratio

1.03%

1.14%

Net Expense Ratio*

1.01%

1.08%

11/7/201911/7/2019

Bloomberg Index Symbol
CUSIP

Inception Date

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees andExpenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The
Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense
Limitation Agreement with each Fund. 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 OtherExpenses 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). If these expenses wereincluded, the expense ratio would be higher.

Index Top Ten Holdings %Index Sector Weightings %Amazon.Com Inc

9.33

Interactive Media & Services

23.79

Meta Platforms Class A

7.73

Application Software

21.77

Alphabet Inc Class A

5.34

Broadline Retail

12.53

Salesforce Inc

5.05

Internet Services & Infrastructure

10.78

Netflix

4.74

Communications Equipment

10.53

Cisco-T

4.58

Movies & Entertainment

4.74

Alphabet Inc Class C

4.54

3.06

Snowflake Inc

3.12

Transaction & Payment Processing
ServicesHealth Care Technology

3.02

Paypal Holdings When Issued

3.06

Hotels, Resorts & Cruise Lines

2.86

Arista Networks

3.01

Restaurants

2.15

Interactive Home Entertainment

2.00

Casinos & Gaming

1.59

Automotive Retail

1.18

Index data as of 12/31/2023. Index weightings andholdings are subject to change.

Performance (As of 12/31/2023)

WEBL

WEBS

1M %

3M %

YTD %

1Y %

3Y %

S/I of the fund %

NAV

26.48

49.46

165.62165.62-37.43-10.40Market Close

26.86

49.51

165.50165.50-37.43-10.38NAV-21.72-38.57-75.58-75.58-31.61-55.04Market Close-21.99-38.76-75.61-75.61-31.70-55.07

8.76

16.95

52.23

52.23

-3.76

8.93

DJINETT

Inception Date
11/07/19

11/07/19

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return andprincipal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current
performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For
the most recent month-end performance please visit the funds' website at direxion.com.
Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based
solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional
information, see the fund’s prospectus.

FOR INFORMATION: 866-476-7523 | INFO@DIREXION.COM | DIREXION.COMAn investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus andsummary prospectus contain this and other information about the Direxion Shares. To obtain a Fund’s prospectus and summary prospectus call
866-476-7523 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing.
CUSIP 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. The CUSIP Database,©2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.
Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. 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. Brokerage commissions will reduce returns. Fund returns assume that dividends and capital gains distributions havebeen reinvested in the Fund at NAV. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain
periods shown. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.
Dow Jones®, Dow Jones Industrial Average® and DJIA® are trademarks of Dow Jones & Company, Inc. (“Dow Jones®”). Dow Jones® has no relationship tothe Fund, other than the licensing of those service marks for use in connection with the Fund’s materials. Dow Jones® does not sponsor, endorse, sell orpromote any of the Funds.
Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is non-diversified and include risks
associated with the Funds’ concentrating their investments in a particular industry, sector, or geography which can increase volatility. The use ofderivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of each Fund include
Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, OtherInvestment Companies (including ETFs) Risk, Cash Transaction Risk, Tax Risk, and risks specific to the Information Technology Sector and InternetCompany Industry. The market prices of internet securities tend to exhibit a greater degree of market risk and sharp price fluctuations than other typesof securities as these securities may fall in and out of favor with investors rapidly, which may cause sudden selling and dramatically lower market prices.
Additional risks include, for the Direxion Daily Dow Jones Internet Bull 3X Shares, Daily Index Correlation Risk, and for the Direxion Daily Dow Jones
Internet Bear 3X Shares, Daily Inverse Index Correlation Risk and risks related to Shorting. Please see the summary and full prospectuses for a more
complete description of these and other risks of each Fund.
Distributor: Foreside Fund Services, LLC.

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