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All Direxion Shares 2x Bull and Bear ETFs converted to 3x on December 1st, 2011
Please note: Effective December 1st, 2011 all Direxion Daily Bull and Bear 2x Shares will seek daily exposure of +300% or -300% of each fund’s respective benchmark. The funds will no longer seek +200% or -200% daily exposure. Performance information displayed for periods prior to December 1, 2011 reflects that of the funds' prior objective.
| Symbol | Previous ETF Name | New ETF Name |
| BRIL | Daily BRIC Bull 2x Shares | Daily BRIC Bull 3x Shares |
| BRIS | Daily BRIC Bear 2x Shares | Daily BRIC Bear 3x Shares |
| INDL | Daily India Bull 2x Shares | Daily India Bull 3x Shares |
| INDZ | Daily India Bear 2x Shares | Daily India Bear 3x Shares |
| NUGT | Daily Gold Miners Bull 2x Shares | Daily Gold Miners Bull 3x Shares |
| DUST | Daily Gold Miners Bear 2x Shares | Daily Gold Miners Bear 3x Shares |
| GASL | Daily Natural Gas Related Bull 2x Shares | Daily Natural Gas Related Bull 3x Shares |
| GASX | Daily Natural Gas Related Bear 2x Shares | Daily Natural Gas Related Bear 3x Shares |
| RETL | Daily Retail Bull 2x Shares | Daily Retail Bull 3x Shares |
| RETS | Daily Retail Bear 2x Shares | Daily Retail Bear 3x Shares |
The funds' increased amount of leverage will provide the greater potential for daily gains or losses relative to the respective benchmark indexes' performance. Please be sure to read the prospectus to ensure you fully understand the funds' objectives and related risks.
To view more information specific to this update, click here.
To view the funds' prospectus, click here.
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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. Click here to obtain a prospectus and summary prospectus. The prospectus and summary prospectus should be read carefully before investing.
The Funds are designed to be utilized only by sophisticated investors, such as traders and active investors employing dynamic strategies. Such investors are expected to monitor and manage their portfolios frequently. Investors in the Funds should (a) understand the consequences of seeking daily investment results, (b) understand the risk of shorting, and (c) intend to actively monitor and manage their investments.
An investment in the Funds involve risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options 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 a multiple of the return of the Index for periods other than a single day. For other risks including correlation, leverage, compounding, market volatility and specific risks regarding each sector, please read the prospectus.
Distributor: Foreside Fund Services, LLC.