Legal Notice

Please read the following terms and conditions carefully. Use of this website is conditioned upon, and signifies your agreement to, the following terms and conditions listed here and throughout this website. Rafferty Asset Management LLC, the Investment Advisor to the Direxion Funds and the Direxion Shares ETFs, and Direxion Funds and the Direxion Shares ETFs are members of the Rafferty Group of Companies (collectively referenced as “Direxion ETFs and Funds”) and may amend these terms and conditions. Each use of this site reaffirms your acceptance of the terms and conditions contained within this website at that time of use.

Terms of Use

While we have tried to present timely and accurate information, and have relied on sources we believe to be reliable, technical and factual inaccuracies may occur. Direxion ETFs and Funds do not warrant the accuracy and completeness, either expressly or implied, of the materials presented on this website. ALL INFORMATION IS PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND. Direxion ETFs and Funds, nor its affiliates, directors, officers or employees will be liable or have any responsibility for any loss or damage due to failure or interruption of this site or resulting from an act or omission making data contained within this site unavailable.

This Site may provide links to other web sites. Third parties, over whom Direxion ETFs and Funds exercise no control, maintain these web sites. Direxion ETFs and Funds expressly disclaim any responsibility for the content, accuracy of information, and availability of and/or quality of products, services or software provided by or advertised on any third-party web sites. If you leave this site through a hyperlink, or any other means, you do so at your own risk. Direxion ETFs and Funds are not responsible or liable for any content or other materials on or available through such sites or any losses related thereto.

Copyright/Trademark/License

All content, information, products and services available on or through this site are owned, licensed or controlled by Direxion Funds or its affiliates. This website is also protected under United States copyright laws. This site is copyright ©2012 Direxion Funds and Direxion Shares. All rights reserved. No permission is granted to copy, distribute, modify, post or frame any text, graphics, video, audio, software code, or user interface design or logos. Without the advance written permission of Direxion ETFs and Funds, you may not sell, copy, publish, “mirror” on any other server, distribute, modify, transfer or reproduce any material contained on this site. Notwithstanding the foregoing, any materials provided by third parties may be subject to additional and/or different terms of use and restrictions that control the use of such materials. Unauthorized use of any material contained on this site may violate copyright laws, trademark laws, trade secret laws, the laws of privacy and publicity, and communications regulations and statutes. Request for consent must be made in writing and should be mailed to Direxion Funds, One Newton Place, 275 Washington Street, Suite 310, Newton, MA 02458.

Fund Disclosures

An investor should consider the investment objectives, risks, charges, and expenses of the Direxion ETFs and Funds carefully before investing. The prospectus contains this and other information about Direxion Shares ETFs and the Direxion Funds. To obtain a prospectus, please call the Direxion Funds at (877) 437-9363 or click here to download a prospectus. The prospectus should be read carefully before investing.

Investing in index funds may be more volatile than investing in broadly diversified funds. The use of leverage by an exchange traded fund or a mutual fund increases the risk to a fund. The more a fund invests in leveraged instruments the more the leverage will magnify gains or losses on those investments.

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. For additional information, see the fund’s prospectus. 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.

Timeliness of Content and Disclaimers

Information contained in this site is for informational and non-commercial purposes only. You should not construe any information of other content available on or through this Site as a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction.

The information available on this site is reviewed and updated with due diligence on a regular basis, however, information available on this site may become outdated. Direxion ETFs and Funds do not assume any liability or guarantee for the timeliness, accuracy and completeness of the information provided herein. Direxion ETFs and Funds make reasonable efforts to obtain content for this site from sources it believes to be reliable, but make no representation or warranty that the information available on this site is correct, accurate, complete or reliable. The information on this site is provided for informational purposes only and is subject to change without notice. Nothing contained on this site constitutes investment, legal, tax or other advice nor is it to be relied on in making an investment or any other decision. The investments and strategies discussed on this site may not be suitable for you and you should consult with your personal tax, legal and investment advisers before making any investment decision.

Due to the possibility of human, mechanical and electronic errors, as well as many other factors, Direxion ETFs and Funds are not responsible for any errors and omissions in information contained within this site, and the information, products and services available on or through it, are provided “as is,” without warranty of any kind, either express or implied, including without limitation: (a) any warranties concerning availability, accuracy or content; and (b) any warranties of title or warranties of merchantability or fitness for a particular purpose.

Direxion ETFs and Funds shall not, in any event, be liable for any direct or indirect, special, incidental or consequential damages, including but not limited to lost profits, trading or other losses, expenses and damages that result from inconvenience, delay or loss of use of this site, arising in connection with use of this site or the products and services available on or through this site, even if Direxion ETFs and Funds, or its representatives, are advised of the possibility of such damages or losses.

Privacy Statement

Direxion ETFs and Funds respect the privacy of all those who enter this site. Any personal information, which may be collected on this site, will remain confidential. We will neither sell nor otherwise distribute your information to organizations outside of Direxion ETFs and Funds except as permitted by law without your express written permission. If you provide your information such as name, mailing address or e-mail address, you may receive mail or e-mail from us. You will be asked to provide your information voluntarily. “Cookies” are data files sent by a web site to your computer. Cookies may be used when accessing information on this site. Cookies store your personal information on your computer for identity on future use. You have the option to configure your browser not to accept cookies. If you have questions or concerns please contact us at info@direxionfunds.com or info@Direxionshares.com.

Indemnification

You agree to indemnify and hold harmless Direxion ETFs and Funds, its subsidiaries and affiliates, and the officers, directors, employees, and agents of Direxion ETFs and Funds and their subsidiaries and affiliates, from and against any and all claims, proceedings, liabilities, damages, losses, costs and expenses, including reasonable attorney’s fees and litigation expenses, relating to or arising from your access to or use of this site and any breach by you of these terms and conditions or other improper act or omission by you. Amendment of these terms and conditions may only be made in writing by Direxion ETFs and Funds.

This site is not intended for distribution to or use by any person in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. The information on this site shall not be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offering or solicitation would be unlawful under the securities laws of such jurisdiction. Direxion ETFs and Funds make no representations or warranties that this site content is applicable to or appropriate for use in locations outside of the United States.

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Direxion Shares ETFs are distributed by Foreside Financial Group, LLC. Direxion Funds are distributed by Rafferty Capital Markets, LLC. Rafferty Asset Management LLC is the investment adviser to Direxion Funds and the Direxion Shares ETFs.

Direxion Shares ETFs and Direxion Funds are trademarks of Rafferty Asset Management LLC.

Direxion Share ETFs and Direxion Funds are not FDIC insured, may lose value and have no bank guarantee. You may lose money by investing in the Direxion Shares ETFs and the Direxion Funds.