Regulatory Documents

Here you can download Direxion Shares Prospectus, Statement of Additional Information, Annual Reports and Semi-Annual Reports.

Prospectus Date
Prospectus 10/01/2008 & 04/01/2009
Supplement dated 6/12/09 to the Prospectus dated 10/1/08 06/12/2009
Supplement dated 6/26/09 to Prospectus dated 10/1/08, as last supplemented on 6/12/09 06/26/2009
Supplement dated 10/30/09 to the Prospectus dated 10/1/08 and 4/1/09, as last supplemented on 8/3/09 10/30/2009
Supplement dated 11/18/09 to the Prospectus dated 10/1/08 and 4/1/09, as last supplemented on 10/30/09 11/18/2009
Supplement dated 12/1/09 to the Prospectus dated 10/1/08 (as last supplemented on 11/18/09) and 4/1/09 (as last Supplemented on 11/18/09)  12/1/2009
Supplement dated 1/26/10 to Prospectus dated 10/1/08 (as last Supplemented on 12/1/09) and 4/1/09 (as last Supplemented on 12/1/09) 01/26/2010
Statement of Additional Information Date
Statement of Additional Information                                                                                         04/10/2009
Statement of Additional Information as supplemented on August 3, 2009                                                                              08/3/2009
Annual and Semi-Annual Reports Date         
Annual Report                                                                                                                          10/31/2009
Semi-Annual Report                                                                                                                          04/30/2009

An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus contains this and other information about Direxion Shares. Click here to obtain a prospectus. The prospectus should be read carefully before investing.

Investing in index funds may be more volatile than investing in broadly diversified funds. The use of leverage by a fund means the Funds are riskier than alternatives which do not use leverage.

The ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. The Funds are not designed to track the underlying index over a longer period of time.

The risks associated with the funds are detailed in the prospectus which include adverse market condition risk, adviser's investment strategy risk, aggressive investment techniques risk, concentration risk, counterparty risk, credit and lower-quality debt securities risk, equity securities risk, currency exchange risk, daily correlation risk, daily rebalancing and market volatility risk, depository receipt risk, foreign and emerging markets securities risk, sector securities risk, interest rate risk, inverse correlation risk, leverage risk, market risk, non-diversification risk, shorting risk, small and mid cap company risk, tracking error risk, and special risks of exchange-traded funds, market timing activity and high portfolio turnover risk, investing in other investment companies and ETFs risk, commodities securities risk, geographic concentration risk, valuation time risk, derivatives risk, commodity-linked derivatives risk, wholly-owned subsidiary risk, tax risk, options and futures contracts risks, security selection risk, Debt Instrument Risk, Gain Limitation Risk, Real Estate Investment Risk, U.S. Government Securities Risk, and Special Risks of Exchange-Traded Funds. Shorting securities occurs when investors sell securities they don’t own and are committed to repurchasing eventually.

Distributor: Foreside Fund Services, LLC.