Direxion Reduces Expenses on Three Inverse Bond ETFs

NEW YORK, Sept. 28, 2016 /PRNewswire/ -- Direxion announced today it has reduced the expenses for the Direxion Daily 7-10 Year Treasury Bear 1X Shares, Direxion Daily 20+ Year Treasury Bear 1X Shares and Direxion Daily Total Bond Market Bear 1X Shares through a combination of Management Fee Reductions and Waivers.

"Now that the Fed is expected to gradually increase rates, perhaps as early as December, there's been a renewed interest on hedging fixed-income positions," said Sylvia Jablonski, Managing Director at Direxion. "These inverse ETFs are especially useful for managers as a simple, flexible and now even lower-cost way to hedge against a rate rise."

Like all inverse ETFs, these Direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking inverse investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the Funds will meet their objectives.

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $10.4 billion in assets under management as of June 30, 2016. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.  

There is no guarantee that the Funds will achieve their objectives.

For more information on all Direxion Shares daily leveraged ETFs, go to direxioninvestments.com, or call us at 866-476-7523.

The ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

* The Expense Cap of the Funds 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. Including Acquired Fund Fees and Expenses, the Total Annual Fund Operating Expenses for the Direxion Daily 7-10 Year Treasury Bear 1X Shares, Direxion Daily 20+ Year Treasury Bear 1X Shares and Direxion Daily Total Bond Market Bear 1X Shares would be 3.15%, 0.86% and 2.25% respectively. The Funds' Advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Funds. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2018, to the extent that the Funds' Total Annual Fund Operating Expenses exceed *0.45%.

Risks:

An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Funds do not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

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