02/07/2024 | Press release | Distributed by Public on 02/07/2024 18:42
1301 Avenue of the Americas (6th Avenue), 28th Floor
|
New York, New York 10019
|
(866) 476-7523
|
Summary Section
|
2
|
Direxion Daily Crypto Industry Bear 1X
Shares
|
2
|
Overview of the Fund
|
10
|
Additional Information Regarding
Investment Techniques and Policies
|
10
|
Additional Information Regarding
Principal Risks
|
16
|
Other Risks of the Fund
|
23
|
About Your Investment
|
26
|
Share Price of the Fund
|
26
|
How to Buy and Sell Shares
|
27
|
Management of the Fund
|
27
|
Portfolio Holdings
|
28
|
other service providers
|
28
|
Distributions
|
28
|
Taxes
|
29
|
Additional Information ABOUT THE
TRUST
|
31
|
Index Licensors
|
31
|
Financial Highlights
|
31
|
More Information on the Direxion
Shares ETF Trust
|
Back Cover
|
Management Fees
|
0.35%
|
Distribution and/or Service (12b-1) Fees
|
0.00%
|
Other Expenses of the Fund(1)
|
0.22%
|
Acquired Fund Fees and Expenses(1)
|
0.12%
|
Total Annual Fund Operating Expenses
|
0.69%
|
Expense Cap/Reimbursement(2)
|
-0.12%
|
Total Annual Fund Operating Expenses After
Expense Cap/Reimbursement
|
0.57%
|
1 Year
|
3 Years
|
$58
|
$209
|
One Year
Index
|
-100%
One
Year
Index
|
Volatility Rate
|
||||
Return
|
Return
|
10%
|
25%
|
50%
|
75%
|
100%
|
-60%
|
60%
|
148.55%
|
134.42%
|
95.28%
|
43.98%
|
-5.83%
|
-50%
|
50%
|
99.13%
|
87.77%
|
56.26%
|
15.23%
|
-24.77%
|
-40%
|
40%
|
66.08%
|
56.57%
|
30.21%
|
-4.08%
|
-37.57%
|
-30%
|
30%
|
42.43%
|
34.25%
|
11.56%
|
-17.98%
|
-46.76%
|
-20%
|
20%
|
24.67%
|
17.47%
|
-2.47%
|
-28.38%
|
-53.72%
|
-10%
|
10%
|
10.83%
|
4.44%
|
-13.28%
|
-36.52%
|
-58.79%
|
0%
|
0%
|
-0.25%
|
-6.04%
|
-22.08%
|
-42.90%
|
-63.23%
|
10%
|
-10%
|
-9.32%
|
-14.64%
|
-29.23%
|
-48.27%
|
-66.67%
|
20%
|
-20%
|
-16.89%
|
-21.75%
|
-35.24%
|
-52.72%
|
-69.67%
|
30%
|
-30%
|
-23.29%
|
-27.84%
|
-40.25%
|
-56.41%
|
-71.94%
|
40%
|
-40%
|
-28.78%
|
-33.01%
|
-44.63%
|
-59.81%
|
-74.32%
|
50%
|
-50%
|
-33.55%
|
-37.52%
|
-48.57%
|
-62.60%
|
-76.19%
|
60%
|
-60%
|
-37.72%
|
-41.51%
|
-51.96%
|
-65.19%
|
-78.12%
|
Portfolio Managers
|
Years of Service
with the Fund
|
Primary Title
|
Paul Brigandi
|
Since Inception in
July 2024
|
Portfolio Manager
|
Tony Ng
|
Since Inception in
July 2024
|
Portfolio Manager
|
Day
|
Index Value
|
Index Performance
|
Value of Fund A Investment
|
|
$100.00
|
|
$100.00
|
1
|
$105.00
|
5.00%
|
$105.00
|
2
|
$100.00
|
-4.76%
|
$100.00
|
Day
|
Index Performance
|
-100% of Index Performance
|
Value of Fund B Investment
|
|
|
|
$100.00
|
1
|
5.00%
|
-5.00%
|
$95.00
|
2
|
-4.76%
|
4.76%
|
$99.52
|
Volatility Range
|
Fund Loss
|
10%
|
-1%
|
20%
|
-4%
|
30%
|
-9%
|
40%
|
-15%
|
50%
|
-22%
|
60%
|
-30%
|
70%
|
-39%
|
80%
|
-47%
|
90%
|
-55%
|
100%
|
-63%
|
Index Move
|
Resulting Exposure for a Fund
|
-5%
|
-90%
|
-4%
|
-92%
|
-3%
|
-94%
|
-2%
|
-96%
|
-1%
|
-98%
|
0%
|
-100%
|
1%
|
-102%
|
2%
|
-104%
|
3%
|
-106%
|
4%
|
-108%
|
5%
|
-110%
|
Index
|
Fund
|
|||||
|
Value
|
Daily
Performance
|
Cumulative
Performance
|
NAV
|
Daily
Performance
|
Cumulative
Performance
|
|
100
|
$100.00
|
||||
Day 1
|
105
|
5.00%
|
5.00%
|
$95.00
|
-5.00%
|
-5.00%
|
Day 2
|
110
|
4.76%
|
10.00%
|
$90.47
|
-4.76%
|
-9.53%
|
Day 3
|
100
|
-9.09%
|
0.00%
|
$98.69
|
9.09%
|
-1.31%
|
Day 4
|
90
|
-10.00%
|
-10.00%
|
$108.55
|
10.00%
|
8.55%
|
Day 5
|
85
|
-5.56%
|
-15.00%
|
$114.58
|
5.56%
|
14.58%
|
Day 6
|
100
|
17.65%
|
0.00%
|
$94.35
|
-17.65%
|
-5.65%
|
Day 7
|
95
|
-5.00%
|
-5.00%
|
$99.06
|
5.00%
|
-0.94%
|
Day 8
|
100
|
5.26%
|
0.00%
|
$93.84
|
-5.26%
|
-6.16%
|
Day 9
|
105
|
5.00%
|
5.00%
|
$89.14
|
-5.00%
|
-10.86%
|
Day 10
|
100
|
-4.76%
|
0.00%
|
$93.38
|
4.76%
|
-6.62%
|
Index
|
Fund
|
|||||
|
Value
|
Daily
Performance
|
Cumulative
Performance
|
NAV
|
Daily
Performance
|
Cumulative
Performance
|
|
100
|
$100.00
|
||||
Day 1
|
102
|
2.00%
|
2.00%
|
$98.00
|
-2.00%
|
-2.00%
|
Day 2
|
104
|
1.96%
|
4.00%
|
$96.07
|
-1.96%
|
-3.93%
|
Day 3
|
106
|
1.92%
|
6.00%
|
$94.22
|
-1.92%
|
-5.78%
|
Day 4
|
108
|
1.89%
|
8.00%
|
$92.43
|
-1.89%
|
-7.57%
|
Day 5
|
110
|
1.85%
|
10.00%
|
$90.72
|
-1.85%
|
-9.28%
|
Day 6
|
112
|
1.82%
|
12.00%
|
$89.06
|
-1.82%
|
-10.94%
|
Day 7
|
114
|
1.79%
|
14.00%
|
$87.46
|
-1.79%
|
-12.54%
|
Day 8
|
116
|
1.75%
|
16.00%
|
$85.92
|
-1.75%
|
-14.08%
|
Day 9
|
118
|
1.72%
|
18.00%
|
$84.44
|
-1.72%
|
-15.56%
|
Day 10
|
120
|
1.69%
|
20.00%
|
$83.01
|
-1.69%
|
-16.91%
|
Index
|
Fund
|
|||||
|
Value
|
Daily
Performance
|
Cumulative
Performance
|
NAV
|
Daily
Performance
|
Cumulative
Performance
|
|
100
|
$100.00
|
||||
Day 1
|
98
|
-2.00%
|
-2.00%
|
$102.00
|
2.00%
|
2.00%
|
Day 2
|
96
|
-2.04%
|
-4.00%
|
$104.08
|
2.04%
|
4.08%
|
Day 3
|
94
|
-2.08%
|
-6.00%
|
$106.24
|
2.08%
|
6.24%
|
Day 4
|
92
|
-2.13%
|
-8.00%
|
$108.50
|
2.13%
|
8.50%
|
Day 5
|
90
|
-2.17%
|
-10.00%
|
$110.85
|
2.17%
|
10.85%
|
Day 6
|
88
|
-2.22%
|
-12.00%
|
$113.31
|
2.22%
|
13.31%
|
Day 7
|
86
|
-2.27%
|
-14.00%
|
$115.88
|
2.27%
|
15.88%
|
Day 8
|
84
|
-2.33%
|
-16.00%
|
$118.58
|
2.33%
|
18.58%
|
Day 9
|
82
|
-2.38%
|
-18.00%
|
$121.40
|
2.38%
|
21.40%
|
Day 10
|
80
|
-2.44%
|
-20.00%
|
$124.36
|
2.44%
|
24.36%
|
One Year
Index
|
-100%
One
Year
Index
|
Volatility Rate
|
||||
Return
|
Return
|
10%
|
25%
|
50%
|
75%
|
100%
|
-60%
|
60%
|
148.55%
|
134.42%
|
95.28%
|
43.98%
|
-5.83%
|
-50%
|
50%
|
99.13%
|
87.77%
|
56.26%
|
15.23%
|
-24.77%
|
-40%
|
40%
|
66.08%
|
56.57%
|
30.21%
|
-4.08%
|
-37.57%
|
-30%
|
30%
|
42.43%
|
34.25%
|
11.56%
|
-17.98%
|
-46.76%
|
-20%
|
20%
|
24.67%
|
17.47%
|
-2.47%
|
-28.38%
|
-53.72%
|
-10%
|
10%
|
10.83%
|
4.44%
|
-13.28%
|
-36.52%
|
-58.79%
|
0%
|
0%
|
-0.25%
|
-6.04%
|
-22.08%
|
-42.90%
|
-63.23%
|
10%
|
-10%
|
-9.32%
|
-14.64%
|
-29.23%
|
-48.27%
|
-66.67%
|
20%
|
-20%
|
-16.89%
|
-21.75%
|
-35.24%
|
-52.72%
|
-69.67%
|
30%
|
-30%
|
-23.29%
|
-27.84%
|
-40.25%
|
-56.41%
|
-71.94%
|
40%
|
-40%
|
-28.78%
|
-33.01%
|
-44.63%
|
-59.81%
|
-74.32%
|
50%
|
-50%
|
-33.55%
|
-37.52%
|
-48.57%
|
-62.60%
|
-76.19%
|
60%
|
-60%
|
-37.72%
|
-41.51%
|
-51.96%
|
-65.19%
|
-78.12%
|
Fund
|
Symbol
|
Direxion Daily Crypto Industry Bear 1X Shares
|
REKT
|
1301 Avenue of the Americas (6th Avenue), 28th Floor
|
New York, New York 10019
|
(866) 476-7523
|
Write to:
|
Direxion Shares ETF Trust
|
|
1301 Avenue of the Americas (6th Avenue), 28th Floor
New York, New York 10019
|
Call:
|
(866) 476-7523
|
By Internet:
|
www.direxion.com
|
1301 Avenue of the Americas (6th Avenue), 28th Floor
|
New York, New York 10019
|
(866) 476-7523
|
|
Page
|
Direxion Shares ETF Trust
|
1
|
Classification of the Fund
|
1
|
Exchange Listing and Trading
|
1
|
Investment Policies and Techniques
|
1
|
Asset-Backed Securities
|
2
|
Bank Obligations
|
2
|
Corporate Debt Securities
|
2
|
Equity Securities
|
3
|
Foreign Securities
|
4
|
Depositary Receipts
|
12
|
Foreign Currencies
|
12
|
Foreign Currency Exchange-Related Securities
|
14
|
Hybrid Instruments
|
15
|
Illiquid Investments and Restricted Securities
|
16
|
Indexed Securities
|
16
|
Inflation Protected Securities
|
16
|
Interest Rate Risk
|
17
|
Junk Bonds
|
18
|
Master Limited Partnerships
|
18
|
Mortgage-Backed Securities
|
18
|
Municipal Obligations
|
19
|
Futures Contracts, Options, and Other Derivative Strategies
|
20
|
Caps, Floors and Collars
|
25
|
Swap Agreements
|
25
|
Other Investment Companies
|
30
|
Passive Investment Risk
|
31
|
Real Estate Companies
|
31
|
Real Estate Investment Trusts
|
31
|
Repurchase Agreements
|
31
|
Reverse Repurchase Agreements
|
32
|
Securities Lending
|
32
|
Short Sales
|
33
|
Unrated Debt Securities
|
33
|
U.S. Government Securities
|
33
|
U.S. Government Sponsored Enterprises
|
34
|
When-Issued Securities
|
34
|
Zero-Coupon, Payment-In-Kind and Strip Securities
|
35
|
Other Investment Risks and Practices
|
35
|
Correlation and Tracking Risk
|
36
|
Cybersecurity Risk
|
37
|
Investment Restrictions
|
37
|
Portfolio Transactions and Brokerage
|
38
|
Portfolio Holdings Information
|
39
|
Management of the Trust
|
39
|
|
Page
|
The Board of Trustees
|
39
|
Risk Oversight
|
39
|
Board Structure and Related Matters
|
40
|
Board Committees
|
43
|
Principal Officers of the Trust
|
43
|
Principal Shareholders, Control Persons and Management Ownership
|
45
|
Investment Adviser
|
45
|
Portfolio Managers
|
46
|
Proxy Voting Policies and Procedures
|
47
|
Fund Administrator, Fund Accounting Agent, Transfer Agent and Custodian
|
48
|
Securities Lending
|
48
|
Distributor
|
49
|
Distribution Plan
|
49
|
Independent Registered Public Accounting Firm
|
49
|
Legal Counsel
|
50
|
Determination of Net Asset Value
|
50
|
Additional Information Concerning Shares
|
51
|
Organization and Description of Shares of Beneficial Interest
|
51
|
Book Entry Only System
|
51
|
Purchases and Redemptions
|
52
|
Purchase and Issuance of Creation Units
|
52
|
Cash Purchase Amount
|
53
|
Purchases through the Clearing Process
|
53
|
Purchases Outside the Clearing Process
|
53
|
Rejection of Purchase Orders
|
53
|
Settlement of Purchases of Creation Units
|
54
|
Redemption of Creation Units
|
54
|
Placement of Redemption Orders Using the Clearing Process
|
54
|
Placement of Redemption Orders Outside the Clearing Process
|
54
|
Cancellations
|
55
|
Continuous Offering
|
55
|
Frequent Purchases and Redemptions
|
55
|
Transaction Fees
|
56
|
Dividends, Other Distributions and Taxes
|
56
|
Dividends and other Distributions
|
56
|
Taxes
|
56
|
Financial Statements
|
61
|
APPENDIX A
|
A-1
|
One Year
Index
|
-100%
One
Year
Index
|
Volatility Rate
|
||||
Return
|
Return
|
10%
|
25%
|
50%
|
75%
|
100%
|
-60%
|
60%
|
148.55%
|
134.42%
|
95.28%
|
43.98%
|
-5.83%
|
-50%
|
50%
|
99.13%
|
87.77%
|
56.26%
|
15.23%
|
-24.77%
|
-40%
|
40%
|
66.08%
|
56.57%
|
30.21%
|
-4.08%
|
-37.57%
|
-30%
|
30%
|
42.43%
|
34.25%
|
11.56%
|
-17.98%
|
-46.76%
|
-20%
|
20%
|
24.67%
|
17.47%
|
-2.47%
|
-28.38%
|
-53.72%
|
-10%
|
10%
|
10.83%
|
4.44%
|
-13.28%
|
-36.52%
|
-58.79%
|
0%
|
0%
|
-0.25%
|
-6.04%
|
-22.08%
|
-42.90%
|
-63.23%
|
10%
|
-10%
|
-9.32%
|
-14.64%
|
-29.23%
|
-48.27%
|
-66.67%
|
20%
|
-20%
|
-16.89%
|
-21.75%
|
-35.24%
|
-52.72%
|
-69.67%
|
30%
|
-30%
|
-23.29%
|
-27.84%
|
-40.25%
|
-56.41%
|
-71.94%
|
40%
|
-40%
|
-28.78%
|
-33.01%
|
-44.63%
|
-59.81%
|
-74.32%
|
50%
|
-50%
|
-33.55%
|
-37.52%
|
-48.57%
|
-62.60%
|
-76.19%
|
60%
|
-60%
|
-37.72%
|
-41.51%
|
-51.96%
|
-65.19%
|
-78.12%
|
Name, Address
and Age
|
Position(s)
Held
with Fund
|
Term of
Office
and Length
of Time
Served
|
Principal
Occupation(s)
During
Past Five Years
|
# of
Portfolios
in Direxion
Family of
Investment
Companies
Overseen
by Trustee(3)
|
Other
Trusteeships/
Directorships
Held by Trustee
During Past Five
Years
|
Daniel D. O'Neill(1)
Age: 55
|
Chairman of the
Board of Trustees
|
Lifetime of Trust
until removal or
resignation;
Since 2008
|
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, April 2021 -
September 2022;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
-January 2019.
|
112
|
None.
|
Angela Brickl(2)
Age: 47
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2022
|
President, Rafferty
Asset
Management, LLC
since September
2022; Chief
Operating Officer,
Rafferty Asset
Management, LLC
May 2021 -
September 2022;
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, September
2012-March
2023.
|
112
|
None.
|
Name, Address
and Age
|
Position(s)
Held
with Fund
|
Term of
Office
and Length
of Time
Served
|
Principal
Occupation(s)
During
Past Five Years
|
# of
Portfolios
in Direxion
Family of
Investment
Companies
Overseen
by Trustee(3)
|
Other
Trusteeships/
Directorships
Held by Trustee
During Past Five
Years
|
David L. Driscoll
Age: 54
|
Trustee
|
Lifetime of Trust
until removal or
resignation;
Since 2014
|
Board Member,
Algorithmic
Research and
Trading, since
2022; Director,
AIM, since 2021;
Board Advisor,
University
Common Real
Estate, since 2012;
Partner, King
Associates, LLP,
since 2004;
Principal, Grey
Oaks LLP, since
2003.
|
112
|
None.
|
Kathleen M. Berkery
Age: 56
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2019
|
Chief Financial
Officer, Metro
Physical & Aquatic
Therapy, LLC,
since 2023; Chief
Financial Officer,
Student Sponsor
Partners, 2021 -
2023; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, 2018 -2021.
|
112
|
None.
|
Carlyle Peake
Age: 51
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2022
|
Head of US &
LATAM Debt
Syndicate, BBVA
Securities, Inc.,
since 2011.
|
112
|
None.
|
Mary Jo Collins
Age: 67
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2022
|
Receiver of Taxes,
Town of North
Homestead, since
January 2024;
Managing
Director, B. Riley
Financial, March
-December
2022; Managing
Director, Imperial
Capital LLC, from
2020-2022;
Director, Royal
Bank of Canada,
2014-2020;
Trustee, Village of
Flower Hill, 2020.
|
112
|
None.
|
Name, Address
and Age
|
Position(s)
Held with
Fund
|
Term of
Office(2)and
Length of
Time Served
|
Principal
Occupation(s)
During
Past Five Years
|
# of
Portfolios
in the
Direxion
Family of
Investment
Companies
Overseen
by Trustee(3)
|
Other
Trusteeships/
Directorships Held
by Trustee During
Past Five Years
|
Angela Brickl(1)
Age: 47
|
President
|
Since 2022
|
President, Rafferty
Asset
Management,
LLC, since
September 2022;
Chief Operating
Officer, Rafferty
Asset
Management,
LLC, May 2021 -
September 2022;
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, September
2012-March
2023.
|
N/A
|
N/A
|
Todd Sherman
Age: 43
|
Chief Compliance
Officer
|
Since 2023
|
Chief Risk Officer,
Rafferty Asset
Management,
LLC, since 2018;
SVP Head of Risk,
2012-2018.
|
N/A
|
N/A
|
Patrick J. Rudnick
Age: 50
|
Principal Executive
Officer
|
Since 2018
|
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A
|
N/A
|
Corey Noltner
Age: 35
|
Principal Financial
Officer
|
Since 2021
|
Senior Business
Analyst, Rafferty
Asset
Management,
LLC, since October
2015.
|
N/A
|
N/A
|
Alyssa Sherman
Age: 35
|
Secretary
|
Since 2022
|
Assistant General
Counsel, Rafferty
Asset
Management,
LLC, since April
2021; Associate,
K&L Gates LLP,
September 2015
-March 2021.
|
N/A
|
N/A
|
Dollar Range of Equity
Securities Owned:
|
Interested Trustees:
|
Independent Trustees:
|
||||
|
Daniel D.
O'Neill
|
Angela
Brickl
|
David L.
Driscoll
|
Kathleen M.
Berkery
|
Carlyle
Peake
|
Mary Jo
Collins
|
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of
Investment Companies(1)
|
$10,000 -
$50,000
|
$0
|
$0
|
$0
|
$0
|
$0
|
Name of Person,
Position
|
Aggregate
Compensation
From the
Trust(1)
|
Pension or
Retirement Benefits
Accrued As Part of
the Trust's
Expenses
|
Estimated
Annual Benefits
Upon Retirement
|
Aggregate
Compensation
From the Direxion
Family of
Investment
Companies Paid
to the Trustees(2)
|
Interested Trustees
|
||||
Daniel D. O'Neill
|
$0
|
$0
|
$0
|
$0
|
Angela Brickl
|
$0
|
$0
|
$0
|
$0
|
Independent Trustees
|
||||
David L. Driscoll
|
$138,750
|
$0
|
$0
|
$185,000
|
Kathleen M. Berkery
|
$138,750
|
$0
|
$0
|
$185,000
|
Mary Jo Collins
|
$138,750
|
$0
|
$0
|
$185,000
|
Carlyle Peake
|
$138,750
|
$0
|
$0
|
$185,000
|
Accounts
|
Total Number
of Accounts
|
Total Assets
(In Billions)
|
Total Number of
Accounts with
Performance
Based Fees
|
Total Assets
of Accounts
with Performance
Based Fees
|
Registered Investment Companies
|
88
|
$38.3
|
0
|
$0
|
Other Pooled Investment Vehicles
|
0
|
$0
|
0
|
$0
|
Other Accounts
|
0
|
$0
|
0
|
$0
|
Direxion Shares ETF Trust
|
Fixed Transaction Fee
|
Maximum
Additional
Charge for
Redemptions*
|
Maximum
Additional
Charge for
Purchases*
|
||
|
In-Kind
|
Cash
|
|||
NSCC
|
Outside NSCC
|
Outside
NSCC
|
|||
Direxion Daily Crypto Industry Bear 1X Shares
|
N/A
|
N/A
|
$250
|
Up to 2.00%
|
Up to 5.00%
|
1301 Avenue of the Americas (6th Avenue), 28th Floor
|
New York, New York 10019
|
(866) 476-7523
|
2X Bull Fund
|
Direxion Daily Crypto Industry Bull 2X Shares (LMBO)
|
Overview of the Fund
|
10
|
Additional Information Regarding
Investment Techniques and Policies
|
10
|
Additional Information Regarding
Principal Risks
|
16
|
Other Risks of the Fund
|
23
|
About Your Investment
|
26
|
Share Price of the Fund
|
26
|
How to Buy and Sell Shares
|
27
|
Management of the Fund
|
27
|
Portfolio Holdings
|
28
|
other service providers
|
28
|
Distributions
|
29
|
Taxes
|
29
|
Additional Information ABOUT THE
TRUST
|
31
|
Index Licensors
|
31
|
Financial Highlights
|
32
|
More Information on the Direxion
Shares ETF Trust
|
Back Cover
|
Management Fees
|
0.75%
|
Distribution and/or Service (12b-1) Fees
|
0.00%
|
Other Expenses of the Fund(1)
|
0.22%
|
Acquired Fund Fees and Expenses(1)
|
0.12%
|
Total Annual Fund Operating Expenses
|
1.09%
|
Expense Cap/Reimbursement(2)
|
-0.02%
|
Total Annual Fund Operating Expenses After
Expense Cap/Reimbursement
|
1.07%
|
1 Year
|
3 Years
|
$109
|
$345
|
One
Year
Index
|
200%
One
Year
Index
|
Volatility Rate
|
||||
Return
|
Return
|
10%
|
25%
|
50%
|
75%
|
100%
|
-60%
|
-120%
|
-84.2%
|
-85.0%
|
-87.5%
|
-90.9%
|
-94.1%
|
-50%
|
-100%
|
-75.2%
|
-76.5%
|
-80.5%
|
-85.8%
|
-90.8%
|
-40%
|
-80%
|
-64.4%
|
-66.2%
|
-72.0%
|
-79.5%
|
-86.8%
|
-30%
|
-60%
|
-51.5%
|
-54.0%
|
-61.8%
|
-72.1%
|
-82.0%
|
-20%
|
-40%
|
-36.6%
|
-39.9%
|
-50.2%
|
-63.5%
|
-76.5%
|
-10%
|
-20%
|
-19.8%
|
-23.9%
|
-36.9%
|
-53.8%
|
-70.2%
|
0%
|
0%
|
-1.0%
|
-6.1%
|
-22.1%
|
-43.0%
|
-63.2%
|
10%
|
20%
|
19.8%
|
13.7%
|
-5.8%
|
-31.1%
|
-55.5%
|
20%
|
40%
|
42.6%
|
35.3%
|
12.1%
|
-18.0%
|
-47.0%
|
30%
|
60%
|
67.3%
|
58.8%
|
31.6%
|
-3.7%
|
-37.8%
|
40%
|
80%
|
94.0%
|
84.1%
|
52.6%
|
11.7%
|
-27.9%
|
50%
|
100%
|
122.8%
|
111.4%
|
75.2%
|
28.2%
|
-17.2%
|
60%
|
120%
|
153.5%
|
140.5%
|
99.4%
|
45.9%
|
-5.8%
|
Portfolio Managers
|
Years of Service
with the Fund
|
Primary Title
|
Paul Brigandi
|
Since Inception
|
Portfolio Manager
|
Tony Ng
|
Since Inception
|
Portfolio Manager
|
Day
|
Index Value
|
Index Performance
|
Value of Fund A Investment
|
|
$100.00
|
|
$100.00
|
1
|
$105.00
|
5.00%
|
$105.00
|
2
|
$100.00
|
-4.76%
|
$100.00
|
Day
|
Index Performance
|
200% of Index Performance
|
Value of Fund B Investment
|
|
|
|
$100.00
|
1
|
5.00%
|
10.0%
|
$110.00
|
2
|
-4.76%
|
-9.52%
|
$99.52
|
Volatility
Range
|
2X Fund
Loss
|
10%
|
-1%
|
20%
|
-4%
|
30%
|
-9%
|
40%
|
-15%
|
50%
|
-23%
|
60%
|
-33%
|
70%
|
-47%
|
80%
|
-55%
|
90%
|
-76%
|
100%
|
-84%
|
Index Move
|
Resulting Exposure for the Fund
|
-20%
|
267%
|
-15%
|
243%
|
-10%
|
225%
|
-5%
|
211%
|
0%
|
200%
|
5%
|
191%
|
10%
|
183%
|
15%
|
177%
|
20%
|
171%
|
Index
|
Fund
|
|||||
|
Value
|
Daily
Performance
|
Cumulative
Performance
|
NAV
|
Daily
Performance
|
Cumulative
Performance
|
|
100
|
$100.00
|
||||
Day 1
|
105
|
5.00%
|
5.00%
|
$110.00
|
10.00%
|
10.00%
|
Day 2
|
110
|
4.76%
|
10.00%
|
$120.48
|
9.52%
|
20.47%
|
Day 3
|
100
|
-9.09%
|
0.00%
|
$98.57
|
-18.18%
|
-1.43%
|
Day 4
|
90
|
-10.00%
|
-10.00%
|
$78.86
|
-20.00%
|
-21.14%
|
Day 5
|
85
|
-5.56%
|
-15.00%
|
$70.10
|
-11.12%
|
-29.91%
|
Day 6
|
100
|
17.65%
|
0.00%
|
$94.83
|
35.30%
|
-5.17%
|
Day 7
|
95
|
-5.00%
|
-5.00%
|
$85.35
|
-10.00%
|
-14.65%
|
Day 8
|
100
|
5.26%
|
0.00%
|
$94.34
|
10.52%
|
-5.68%
|
Day 9
|
105
|
5.00%
|
5.00%
|
$103.77
|
10.00%
|
3.76%
|
Day 10
|
100
|
-4.76%
|
0.00%
|
$93.89
|
-9.52%
|
-6.12%
|
Index
|
Fund
|
|||||
|
Value
|
Daily
Performance
|
Cumulative
Performance
|
NAV
|
Daily
Performance
|
Cumulative
Performance
|
|
100
|
$100.00
|
||||
Day 1
|
102
|
2.00%
|
2.00%
|
$104.00
|
4.00%
|
4.00%
|
Day 2
|
104
|
1.96%
|
4.00%
|
$108.08
|
3.92%
|
8.08%
|
Day 3
|
106
|
1.92%
|
6.00%
|
$112.24
|
3.84%
|
12.23%
|
Day 4
|
108
|
1.89%
|
8.00%
|
$116.47
|
3.78%
|
16.47%
|
Day 5
|
110
|
1.85%
|
10.00%
|
$120.78
|
3.70%
|
20.78%
|
Day 6
|
112
|
1.82%
|
12.00%
|
$125.18
|
3.64%
|
25.17%
|
Day 7
|
114
|
1.79%
|
14.00%
|
$129.65
|
3.58%
|
29.66%
|
Day 8
|
116
|
1.75%
|
16.00%
|
$134.20
|
3.50%
|
34.19%
|
Day 9
|
118
|
1.72%
|
18.00%
|
$138.82
|
3.44%
|
38.81%
|
Day 10
|
120
|
1.69%
|
20.00%
|
$143.53
|
3.38%
|
43.50%
|
Index
|
Fund
|
|||||
|
Value
|
Daily
Performance
|
Cumulative
Performance
|
NAV
|
Daily
Performance
|
Cumulative
Performance
|
|
100
|
$100.00
|
||||
Day 1
|
98
|
-2.00%
|
-2.00%
|
$96.00
|
-4.00%
|
-4.00%
|
Day 2
|
96
|
-2.04%
|
-4.00%
|
$92.08
|
-4.08%
|
-7.92%
|
Day 3
|
94
|
-2.08%
|
-6.00%
|
$88.24
|
-4.16%
|
-11.75%
|
Day 4
|
92
|
-2.13%
|
-8.00%
|
$84.49
|
-4.26%
|
-15.51%
|
Day 5
|
90
|
-2.17%
|
-10.00%
|
$80.82
|
-4.34%
|
-19.17%
|
Day 6
|
88
|
-2.22%
|
-12.00%
|
$77.22
|
-4.44%
|
-22.76%
|
Day 7
|
86
|
-2.27%
|
-14.00%
|
$73.71
|
-4.54%
|
-26.27%
|
Day 8
|
84
|
-2.33%
|
-16.00%
|
$70.29
|
-4.66%
|
-29.71%
|
Day 9
|
82
|
-2.38%
|
-18.00%
|
$66.94
|
-4.76%
|
-33.05%
|
Day 10
|
80
|
-2.44%
|
-20.00%
|
$63.67
|
-4.88%
|
-36.32%
|
One
Year
Index
|
200%
One
Year
Index
|
Volatility Rate
|
||||
Return
|
Return
|
10%
|
25%
|
50%
|
75%
|
100%
|
-60%
|
-120%
|
-84.2%
|
-85.0%
|
-87.5%
|
-90.9%
|
-94.1%
|
-50%
|
-100%
|
-75.2%
|
-76.5%
|
-80.5%
|
-85.8%
|
-90.8%
|
-40%
|
-80%
|
-64.4%
|
-66.2%
|
-72.0%
|
-79.5%
|
-86.8%
|
-30%
|
-60%
|
-51.5%
|
-54.0%
|
-61.8%
|
-72.1%
|
-82.0%
|
-20%
|
-40%
|
-36.6%
|
-39.9%
|
-50.2%
|
-63.5%
|
-76.5%
|
-10%
|
-20%
|
-19.8%
|
-23.9%
|
-36.9%
|
-53.8%
|
-70.2%
|
0%
|
0%
|
-1.0%
|
-6.1%
|
-22.1%
|
-43.0%
|
-63.2%
|
10%
|
20%
|
19.8%
|
13.7%
|
-5.8%
|
-31.1%
|
-55.5%
|
20%
|
40%
|
42.6%
|
35.3%
|
12.1%
|
-18.0%
|
-47.0%
|
30%
|
60%
|
67.3%
|
58.8%
|
31.6%
|
-3.7%
|
-37.8%
|
40%
|
80%
|
94.0%
|
84.1%
|
52.6%
|
11.7%
|
-27.9%
|
50%
|
100%
|
122.8%
|
111.4%
|
75.2%
|
28.2%
|
-17.2%
|
60%
|
120%
|
153.5%
|
140.5%
|
99.4%
|
45.9%
|
-5.8%
|
Fund
|
Symbol
|
Direxion Daily Crypto Industry Bull 2X Shares
|
LMBO
|
1301 Avenue of the Americas (6th Avenue), 28th Floor
|
New York, New York 10019
|
(866) 476-7523
|
Write to:
|
Direxion Shares ETF Trust
|
|
1301 Avenue of the Americas (6th Avenue), 28th Floor
New York, New York 10019
|
Call:
|
(866) 476-7523
|
By Internet:
|
www.direxion.com
|
1301 Avenue of the Americas (6th Avenue), 28th Floor
|
New York, New York 10019
|
(866) 476-7523
|
2X Bull Fund
|
Direxion Daily Crypto Industry Bull 2X Shares (LMBO)
|
|
Page
|
Direxion Shares ETF Trust
|
1
|
Classification of the Fund
|
1
|
Exchange Listing and Trading
|
1
|
Investment Policies and Techniques
|
1
|
Asset-Backed Securities
|
2
|
Bank Obligations
|
2
|
Corporate Debt Securities
|
2
|
Equity Securities
|
3
|
Foreign Securities
|
4
|
Depositary Receipts
|
12
|
Foreign Currencies
|
12
|
Foreign Currency Exchange-Related Securities
|
14
|
Hybrid Instruments
|
15
|
Illiquid Investments and Restricted Securities
|
16
|
Indexed Securities
|
16
|
Inflation Protected Securities
|
16
|
Interest Rate Risk
|
17
|
Junk Bonds
|
18
|
Mortgage-Backed Securities
|
18
|
Municipal Obligations
|
19
|
Futures Contracts, Options, and Other Derivative Strategies
|
19
|
Caps, Floors and Collars
|
25
|
Other Investment Companies
|
25
|
Real Estate Companies
|
26
|
Real Estate Investment Trusts
|
26
|
Repurchase Agreements
|
27
|
Reverse Repurchase Agreements
|
27
|
Securities Lending
|
27
|
Short Sales
|
28
|
Swap Agreements
|
28
|
Unrated Debt Securities
|
33
|
U.S. Government Securities
|
33
|
U.S. Government Sponsored Enterprises
|
34
|
When-Issued Securities
|
34
|
Zero-Coupon, Payment-In-Kind and Strip Securities
|
34
|
Other Investment Risks and Practices
|
35
|
Correlation and Tracking Risk
|
35
|
Leverage
|
36
|
Cybersecurity Risk
|
37
|
Investment Restrictions
|
37
|
Portfolio Transactions and Brokerage
|
38
|
Portfolio Holdings Information
|
39
|
Management of the Trust
|
39
|
The Board of Trustees
|
39
|
|
Page
|
Risk Oversight
|
39
|
Board Structure and Related Matters
|
40
|
Board Committees
|
43
|
Principal Officers of the Trust
|
43
|
Principal Shareholders, Control Persons and Management Ownership
|
45
|
Investment Adviser
|
45
|
Portfolio Managers
|
46
|
Proxy Voting Policies and Procedures
|
47
|
Fund Administrator, Fund Accounting Agent, Transfer Agent and Custodian
|
48
|
Securities Lending
|
48
|
Distributor
|
49
|
Distribution Plan
|
49
|
Independent Registered Public Accounting Firm
|
50
|
Legal Counsel
|
50
|
Determination of Net Asset Value
|
50
|
Additional Information Concerning Shares
|
51
|
Organization and Description of Shares of Beneficial Interest
|
51
|
Book Entry Only System
|
51
|
Purchases and Redemptions
|
52
|
Purchase and Issuance of Creation Units
|
53
|
Cash Purchase Amount
|
54
|
Purchases through the Clearing Process
|
54
|
Purchases Outside the Clearing Process
|
54
|
Rejection of Purchase Orders
|
54
|
Settlement of Purchases of Creation Units
|
54
|
Redemption of Creation Units
|
55
|
Placement of Redemption Orders Using the Clearing Process
|
56
|
Placement of Redemption Orders Outside the Clearing Process
|
56
|
Cancellations of Purchase or Redemption Orders
|
57
|
Continuous Offering
|
57
|
Frequent Purchases and Redemptions
|
57
|
Transaction Fees
|
57
|
Dividends, Other Distributions and Taxes
|
58
|
Dividends and other Distributions
|
58
|
Taxes
|
58
|
Financial Statements
|
63
|
APPENDIX A
|
A-1
|
One
Year
Index
|
200%
One
Year
Index
|
Volatility Rate
|
||||
Return
|
Return
|
10%
|
25%
|
50%
|
75%
|
100%
|
-60%
|
-120%
|
-84.2%
|
-85.0%
|
-87.5%
|
-90.9%
|
-94.1%
|
-50%
|
-100%
|
-75.2%
|
-76.5%
|
-80.5%
|
-85.8%
|
-90.8%
|
-40%
|
-80%
|
-64.4%
|
-66.2%
|
-72.0%
|
-79.5%
|
-86.8%
|
-30%
|
-60%
|
-51.5%
|
-54.0%
|
-61.8%
|
-72.1%
|
-82.0%
|
-20%
|
-40%
|
-36.6%
|
-39.9%
|
-50.2%
|
-63.5%
|
-76.5%
|
-10%
|
-20%
|
-19.8%
|
-23.9%
|
-36.9%
|
-53.8%
|
-70.2%
|
0%
|
0%
|
-1.0%
|
-6.1%
|
-22.1%
|
-43.0%
|
-63.2%
|
10%
|
20%
|
19.8%
|
13.7%
|
-5.8%
|
-31.1%
|
-55.5%
|
20%
|
40%
|
42.6%
|
35.3%
|
12.1%
|
-18.0%
|
-47.0%
|
30%
|
60%
|
67.3%
|
58.8%
|
31.6%
|
-3.7%
|
-37.8%
|
40%
|
80%
|
94.0%
|
84.1%
|
52.6%
|
11.7%
|
-27.9%
|
50%
|
100%
|
122.8%
|
111.4%
|
75.2%
|
28.2%
|
-17.2%
|
60%
|
120%
|
153.5%
|
140.5%
|
99.4%
|
45.9%
|
-5.8%
|
Name, Address
and Age
|
Position(s)
Held
with Fund
|
Term of
Office
and Length
of Time
Served
|
Principal
Occupation(s)
During
Past Five Years
|
# of
Portfolios
in Direxion
Family of
Investment
Companies
Overseen
by Trustee(3)
|
Other
Trusteeships/
Directorships
Held by Trustee
During Past Five
Years
|
Daniel D. O'Neill(1)
Age: 55
|
Chairman of the
Board of Trustees
|
Lifetime of Trust
until removal or
resignation;
Since 2008
|
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, April 2021 -
September 2022;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
-January 2019.
|
112
|
None.
|
Angela Brickl(2)
Age: 47
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2022
|
President, Rafferty
Asset
Management, LLC
since September
2022; Chief
Operating Officer,
Rafferty Asset
Management, LLC
May 2021 -
September 2022;
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, September
2012-March
2023.
|
112
|
None.
|
Name, Address
and Age
|
Position(s)
Held
with Fund
|
Term of
Office
and Length
of Time
Served
|
Principal
Occupation(s)
During
Past Five Years
|
# of
Portfolios
in Direxion
Family of
Investment
Companies
Overseen
by Trustee(3)
|
Other
Trusteeships/
Directorships
Held by Trustee
During Past Five
Years
|
David L. Driscoll
Age: 54
|
Trustee
|
Lifetime of Trust
until removal or
resignation;
Since 2014
|
Board Member,
Algorithmic
Research and
Trading, since
2022; Director,
AIM, since 2021;
Board Advisor,
University
Common Real
Estate, since 2012;
Partner, King
Associates, LLP,
since 2004;
Principal, Grey
Oaks LLP, since
2003.
|
112
|
None.
|
Kathleen M. Berkery
Age: 56
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2019
|
Chief Financial
Officer, Metro
Physical & Aquatic
Therapy, LLC,
since 2023; Chief
Financial Officer,
Student Sponsor
Partners, 2021 -
2023; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, 2018 -2021.
|
112
|
None.
|
Carlyle Peake
Age: 51
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2022
|
Head of US &
LATAM Debt
Syndicate, BBVA
Securities, Inc.,
since 2011.
|
112
|
None.
|
Mary Jo Collins
Age: 67
|
Trustee
|
Lifetime of Trust
until removal or
resignation; Since
2022
|
Receiver of Taxes,
Town of North
Homestead, since
January 2024;
Managing
Director, B. Riley
Financial, March
-December
2022; Managing
Director, Imperial
Capital LLC, from
2020-2022;
Director, Royal
Bank of Canada,
2014-2020;
Trustee, Village of
Flower Hill, 2020.
|
112
|
None.
|
Name, Address
and Age
|
Position(s)
Held with
Fund
|
Term of
Office(2)and
Length of
Time Served
|
Principal
Occupation(s)
During
Past Five Years
|
# of
Portfolios
in the
Direxion
Family of
Investment
Companies
Overseen
by Trustee(3)
|
Other
Trusteeships/
Directorships Held
by Trustee During
Past Five Years
|
Angela Brickl(1)
Age: 47
|
President
|
Since 2022
|
President, Rafferty
Asset
Management,
LLC, since
September 2022;
Chief Operating
Officer, Rafferty
Asset
Management,
LLC, May 2021 -
September 2022;
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, September
2012-March
2023.
|
N/A
|
N/A
|
Todd Sherman
Age: 43
|
Chief Compliance
Officer
|
Since 2023
|
Chief Risk Officer,
Rafferty Asset
Management,
LLC, since 2018;
SVP Head of Risk,
2012-2018.
|
N/A
|
N/A
|
Patrick J. Rudnick
Age: 50
|
Principal Executive
Officer
|
Since 2018
|
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A
|
N/A
|
Corey Noltner
Age: 35
|
Principal Financial
Officer
|
Since 2021
|
Senior Business
Analyst, Rafferty
Asset
Management,
LLC, since October
2015.
|
N/A
|
N/A
|
Alyssa Sherman
Age: 35
|
Secretary
|
Since 2022
|
Assistant General
Counsel, Rafferty
Asset
Management,
LLC, since April
2021; Associate,
K&L Gates LLP,
September 2015
-March 2021.
|
N/A
|
N/A
|
Dollar Range of Equity
Securities Owned:
|
Interested Trustees:
|
Independent Trustees:
|
||||
|
Daniel D.
O'Neill
|
Angela
Brickl
|
David L.
Driscoll
|
Kathleen M.
Berkery
|
Carlyle
Peake
|
Mary Jo
Collins
|
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of
Investment Companies(1)
|
$10,000 -
$50,000
|
$0
|
$0
|
$0
|
$0
|
$0
|
Name of Person,
Position
|
Aggregate
Compensation
From the
Trust(1)
|
Pension or
Retirement Benefits
Accrued As Part of
the Trust's
Expenses
|
Estimated
Annual Benefits
Upon Retirement
|
Aggregate
Compensation
From the Direxion
Family of
Investment
Companies Paid
to the Trustees(2)
|
Interested Trustees
|
||||
Daniel D. O'Neill
|
$0
|
$0
|
$0
|
$0
|
Angela Brickl
|
$0
|
$0
|
$0
|
$0
|
Independent Trustees
|
||||
David L. Driscoll
|
$138,750
|
$0
|
$0
|
$185,000
|
Kathleen M. Berkery
|
$138,750
|
$0
|
$0
|
$185,000
|
Mary Jo Collins
|
$138,750
|
$0
|
$0
|
$185,000
|
Carlyle Peake
|
$138,750
|
$0
|
$0
|
$185,000
|
Accounts
|
Total Number
of Accounts
|
Total Assets
(In Billions)
|
Total Number of
Accounts with
Performance
Based Fees
|
Total Assets
of Accounts
with Performance
Based Fees
|
Registered Investment Companies
|
88
|
$38.3
|
0
|
$0
|
Other Pooled Investment Vehicles
|
0
|
$0
|
0
|
$0
|
Other Accounts
|
0
|
$0
|
0
|
$0
|
Direxion Shares ETF Trust
|
Fixed Transaction Fee
|
Maximum
Additional
Charge for
Redemptions*
|
Maximum
Additional
Charge for
Purchases*
|
||
|
In-Kind
|
Cash
|
|||
NSCC
|
Outside NSCC
|
Outside
NSCC
|
|||
Direxion Daily Crypto Industry Bull 2X Shares
|
$250
|
Up to 300%
of NSCC Amount
|
$250
|
Up to 2.00%
|
Up to 5.00%
|