TECL TECS
Leveraged & Inverse ETFs

Direxion Daily Technology Bull and Bear 3X Shares
Overview
The Direxion Daily Technology Bull andBear 3X Shares seek daily investment
results, before fees and expenses, of300%, or 300% of the inverse (oropposite), of the performance of theTechnology Select Sector Index. There is
no guarantee the funds will achieve
their stated investment objectives.
These leveraged ETFs seek a return that is300% or -300% of the return of theirbenchmark index for a single day. Thefunds should not be expected toprovide three times or negative threetimes the return of the benchmark’s
cumulative return for periods greaterthan a day.

Target Index
The Technology Select Sector Index (IXTTR)
is provided by S&P Dow Jones Indices andincludes domestic companies from thetechnology sector which includes thefollowing industries: computers andperipherals; software; diversified
telecommunications services;
communications equipment;
semiconductors and semi-conductor
equipment; internet software and services;IT services; electronic equipment,instruments and components; wirelesstelecommunication services; and officeelectronics. 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. TheDirexion 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.

TECL

Direxion Daily Technology Bull 3X Shares

TECS

Direxion Daily Technology Bear 3X Shares

Fund Facts
TECL

TECS

TECL.IV

TECS.IV

Fund Symbol
Intraday Indicative Value

IXTTR

IXTTR

25459W102

25460G393

Daily Target

300%-300%

Gross Expense Ratio

0.97%

1.08%

Net Expense Ratio*

0.97%

1.08%

12/17/2008

12/17/2008

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 0.92% for TECL
and 0.95% for TECS. 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 Fundfor Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund OperatingExpenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among otherexpenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest onshort positions, other interest expenses, brokerage commissions and extraordinary expenses). If these
expenses were included, the expense ratio would be higher.

Index Top Ten Holdings %Index Sector Weightings %Microsoft

22.37

Software

Apple

21.90

Broadcom Limited

5.15

Nvidia

4.54

Semiconductors & Semiconductor
Equipment
Technology Hardware, Storage &Peripherals

Adobe Inc

2.96

Salesforce Inc

2.79

Advanced Micro Devices

2.59

Accenture PLC Class A

2.40

Intel

2.30

Cisco

2.23

38.87
26.36
22.99

IT Services

5.40

Communications Equipment

3.66

Electronic Equipment, Instruments &Components

2.72

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

Performance (As of 12/31/2023)

TECL

TECS

1M %

3M %

YTD %

1Y %

3Y %

5Y %

10Y %

S/I of thefund %

NAV

11.40

54.92

202.81202.81

18.27

51.64

40.46

43.49

Market Close

11.64

54.98

203.13203.13

18.34

51.61

40.49

43.53

NAV-10.59-37.96-74.44-74.44-50.74-67.17-56.29-57.09Market Close-10.84-38.04-74.48-74.48-50.85-67.18-56.31-57.10

4.19

17.71

56.13

56.13

15.05

26.92

20.14

20.02

IXTTRInception Date
12/17/08

12/17/08

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.COM
An 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 certainperiods shown. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.
The "Technology Select Sector Index" is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Rafferty Asset Management,
LLC ("Rafferty"). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC ("S&P"); Dow Jones® is a registeredtrademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certainpurposes by Rafferty. Rafferty’s ETFs are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none ofsuch parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, orinterruptions of the Technology Select Sector Index.
Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is non-diversified and includes risks
associated with the Funds’ concentrating their 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. Risks of each
Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment
Risk, Other Investment Companies (including ETFs) Risk, Cash Transaction Risk, Tax Risk, and risks specific to the Technology Sector. The value of stocksof information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology productcycles. Additional risks include, for the Direxion Daily Technology Bull 3X Shares, Daily Index Correlation Risk, and for the Direxion Daily Technology 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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