DUST Daily Gold Miners Bear 3x Shares ETF

Overview

The Daily Gold Miners Bear 3x shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the NYSE Arca Gold Miners Index. There is no guarantee the fund will meet its stated investment objective.

This leveraged ETF seeks a return that is -300% the return of its benchmark index for a single dayThe fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.

Key Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion Shares is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3x leverage

  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and

  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over periods longer than one trading day.

Fund Symbol DUST
Daily Target -300%
Intra-day Indicative Value DUST.IV
Bloomberg Index Symbol GDM
CUSIP 25459W235
ISIN US25459W2355
Gross Expense Ratio 1.04%
Net Expense Ratio 0.95%*
Inception Date Dec 08, 2010

The NYSE Arca Gold Miners Index is comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver. The companies included in the index have an average market capitalization of more than $3.98 billion dollars and a median market capitalization of $1.81 billion dollars as of March 31, 2014. One cannot directly invest in an index.

Index Country Weightings (%)

Canada

63.96

United States

12.91

South Africa

8.51

Jersey

5.33

Australia

5.19

Peru

2.34

China

1.22

Hong Kong

0.53

Data as of 3/31/2014 is subject to change at any time.

Pricing and Performance

Price Information
NAVs and market price information as of August 21, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount

Performance
NAVs and market price information as of August 21, 2014

All data as of 7/31/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
All data as of 6/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)

* Rafferty Asset Management, LLC, the advisor to the Direxion Shares, has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for other expenses through September 1, 2015, to the extent that the Fund’s Net Annual Operating Expenses exceed 0.95%.

The performance data quoted represents past performance; past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus or summary prospectus. Index performance does not include any fees or expenses, are unmanaged and cannot be invested in directly.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain