| Investment Objective: |
The Direxion Daily AAPL Bull 2X Shares (AAPU) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying AAPL performance itself. As a result, the fund may be riskier than alternatives that do not use leverage because the fund's objective is to magnify the daily performance of the common shares of Apple Inc. (NASDAQ AAPL). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% of the performance of AAPL for the period. The return of the fund for a period longer than a trading day will be the result of each trading day's compounded return over the period, which will very likely differ from 200% of the return of AAPL for that period. Longer holding periods, higher volatility of AAPL and leverage increase the impact of compounding on an investor's returns. During periods of higher AAPL volatility, the volatility of AAPL may affect the fund's performance. |
