Overview

The Direxion Daily Junior Gold Miners Index Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the Market VectorsTM Junior Gold Miners Index.  There is no guarantee these funds will meet their stated investment objectives.

These leveraged ETFs seek a return that is +300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Fact Sheet  ETF Guide  Prospectus

Key Benefits

Key Benefits

If you’re bullish on gold, Direxion offers traders daily 3x leveraged exposure to the Market Vectors Junior Gold Miners Index. This Direxion Shares ETF provides the opportunity to:

  • Magnify you’re bullish or bearish outlook by 3x
  • 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.

Target Index

Target Index

The Market VectorsTM Junior Gold Miners Index is a cap-weighted total return index. It covers the largest and most liquid small-cap companies that derive 50%+ from Gold or Silver mining or have properties to do so. Companies must have $1m ADTV, $250k shares/month and $150+ m market cap. The cap weight is limited to a maximum of 8% per company; the index is reviewed quarterly. As of September 30, 2014 the average market cap of the index was $346.07 million and the median market cap was $293.76 million. One cannot invest directly in an index.

Index Country Weighting (%)
CANADA 64.80
AUSTRALIA 20.04
UNITED STATES 8.14
HONG KONG 2.25
CAYMAN ISLANDS 1.63
JERSEY 1.03
SOUTH AFRICA 0.99
BRITAIN 0.77
CHINA 0.35

Data as of 09/30/2014 is subject to change at any time.

Daily Holdings

Fund Symbol JNUG JDST
Daily Target 300% -300%
Intra-day Indicative Value JNUG.IV JDST.IV
Bloomberg Index Symbol MVGDXJTR MVGDXJTR
CUSIP 25459Y611 25459Y561
ISIN US25459Y6115 US25459Y5612
Gross Expense Ratio 8.72% 9.15%
Net Expense Ratio 0.95%* 0.95%*
Inception Date Oct 03, 2013 Oct 03, 2013

Pricing and Performance

Price Information
NAVs and market price information as of October 22, 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 October 22, 2014

All data as of 9/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
All data as of 9/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)

* The Net Expense Ratio of the Fund includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions.  The Fund’s Advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Fund, under which Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expense through September 1, 2015 to the extent that the Fund’s Total Annual Fund 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. For the most recent month-end performance please visit the funds website at www.direxioninvestments.com.

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