AAPD ETF Profile

Family:	Direxion Shares
Name:	Direxion Daily AAPL Bear 1X Shares

Inception Date:	9-Aug-2022
Termination Date:
Investment Objective:	The Direxion Daily AAPL Bear 1X Shares (AAPD) seeks daily inverse investment results and is very different from most other exchange-traded funds. The pursuit of daily inverse investment goals means that the return of the fund for a period longer than a full trading day may have no resemblance to -100% of the return of the common shares of Apple Inc. (NASDAQ: AAPL) This means that the return of the fund for a period longer than a trading day will be the result of each single day's compounded return over the period, which will very likely differ from -100% of the return of AAPL for that period. Longer holding periods and higher volatility of AAPL increase the impact of compounding on an investor's returns. During periods of higher volatility, the volatility of AAPL may affect the fund's return as much as, or more than, the return of AAPL. Further, the return for investors that invest for periods longer or shorter than a trading day should not be expected to be -100% of the performance of AAPL for the period.

Prospectus

Top 10 Holdings
Derivatives offset		104.2196%
DREYFUS GOVT CASH MAN INS		75.8921%
APPLE INC SWAP		-42.3023%
APPLE INC SWAP		-20.3772%
APPLE INC SWAP		-17.5065%
GOLDMAN FINL SQ TRSRY INST 506		17.2960%
APPLE INC SWAP		-16.3564%
APPLE INC Swap		-7.6772%
DREYFUS TRSRY SECURITIES CASH MGMT	X9USDDTP3	4.4241%
GOLDMAN SACHS FIN GOV 465 INSTITUT	X9USDGLDS	2.3878%
	Top 10 Holdings Weight:	100.0%