SPXL ETF Profile

Family:	Direxion Shares
Name:	Direxion Daily S&P 500 Bull 3X ETF

Inception Date:	5-Nov-2008
Termination Date:
Investment Objective:	The Fund seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P 500 Index (the "Index"). The Index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. S&P Dow Jones Indices selects constituents on the basis of market capitalization, financial viability of the company, sector representation, public float, liquidity and price of a company's shares outstanding. The Index is a float-adjusted and market capitalization-weighted index. The Fund, under normal circumstances, invests at least 80% of the Fund's net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily leveraged exposure to the Index or to exchange-traded funds ("ETFs") that track the Index, consistent with the Fund's investment objective.

Prospectus

Top 10 Holdings
Derivatives offset		-224.0042%
S&P 500 INDEX SWAP		47.2632%
S&P 500 INDEX SWAP		39.0646%
S&P 500 INDEX SWAP		37.0270%
S&P 500 INDEX SWAP		31.6228%
S&P 500 INDEX SWAP		31.4644%
S&P 500 INDEX SWAP		24.2286%
DREYFUS TRSRY SECURITIES CASH MGMT	X9USDDTP3	13.5902%
S&P 500 INDEX SWAP		13.3337%
DREYFUS GOVT CASH MAN INS		7.5169%
	Top 10 Holdings Weight:	21.1%