LABD ETF Profile

Family:	Direxion Shares
Name:	Direxion Daily S&P Biotech Bear 3x Shares

Inception Date:	28-May-2015
Termination Date:
Investment Objective:	The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P Biotechnology Select Industry Index. The Index is provided by Standard & Poor s and includes domestic companies from the biotechnology industry. As of April 30, 2015, the Index was comprised of 98 stocks. The companies included in the Index have a median market capitalization of $1.54 billion and are concentrated in the energy and biotechnology sectors as of April 30, 2015.

Prospectus

Top 10 Holdings
Derivatives offset		309.8925%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP		-90.1848%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP		-52.7873%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP		-46.6030%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP		-44.9386%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP		-43.8343%
GOLDMAN FINL SQ TRSRY INST 506	X9USDGSFC	42.3686%
DREYFUS GOVT CASH MAN INS	X9USDDGCM	40.4211%
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP		-31.5446%
DREYFUS TRSRY SECURITIES CASH MGMT		8.7381%
	Top 10 Holdings Weight:	91.5%