Direxion Daily 20 Year Plus Treasury Bear 3x Shares

ARCA

2009

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1301 Avenue of the Americas,28th Floor,New York,New York,United States

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10019

646-572-3498

The fund, under normal circumstances, invests at least 80% of its net assets in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. It is non-diversified.