Legal Notice

The website is owned and operated by Rafferty Asset Management LLC, the investment adviser to each series of the Direxion Shares ETF Trust and Direxion Funds (each, a “Fund”) Collectively, RAM, Direxion Shares ETF Trust and Direxion Funds are referred to as “Direxion” or “we.” Direxion may amend these terms and conditions at any time and without notice. Any such modifications will be effective immediately upon posting to this website.

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 does 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. Neither Direxion, 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 website or resulting from an act or omission making data contained within this website unavailable.

This website may provide links to other web sites. Third parties, over whom Direxion exercises no control, maintain these web sites. Direxion expressly disclaims 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 website through a hyperlink, or any other means, you do so at your own risk. Direxion is not responsible or liable for any content or other materials on or available through such web sites or any losses related thereto.

All content, information, products and services available on or through this website are owned, licensed or controlled by Direxion or its affiliates. This website is also protected under United States copyright laws. This website is copyrighted © 2010-2015 by Direxion. All rights reserved. No permission is granted to sell, copy, publish, reproduce, distribute, modify, post, “mirror” on any server, transfer or frame, in whole or in part, any of the contents, materials, designs, media, text, graphics, video, audio, software code, or user interface design or logos from this website without the advance, express, written permission of Direxion. 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 website 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 Rafferty Asset Management, LLC, c/o Chief Marketing Officer, 155 Seaport Boulevard, Floor 2, Boston, MA 02210.

All names, graphics, logos, trademarks and service marks appearing on this website are the exclusive property of their respective owners. All Direxion names, graphics, logos, trademarks and service marks are exclusive property of Direxion. Direxion's names, graphics, logos, trademarks and service marks may not be used in connection with any product or service that is not Direxion’s without express advance written permission, and none of these may be used in any manner likely to cause confusion among customers or investors, or that is in any manner offensive, false, misleading, derogatory, disparaging or discrediting toward Direxion.

An investor should carefully consider a Fund’s  investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about Direxion Shares ETFs and the Direxion Funds. To obtain a prospectus and summary prospectus, please call (800) 851-0511 or click here to download a prospectus or summary prospectus. The prospectus or summary prospectus should be read carefully before investing.

Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.

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 fund's website at direxion.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.

Information contained in this website is for informational, educational and non-commercial purposes only and is subject to change at any time. You should not construe any information of other content available on or through this website 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 website is reviewed and updated with due diligence on a regular basis; however, information available on this website may become outdated. Direxion does not assume any liability or guarantee for the timeliness, accuracy and completeness of the information provided herein. Direxion makes reasonable efforts to obtain content for this website from sources it believes to be reliable, but make no representation or warranty that the information available on this website is correct, accurate, complete or reliable. The information on this website is provided for informational purposes only and is subject to change without notice. Nothing contained on this website 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 website 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 is not responsible for any errors and omissions in information contained within this website, 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.

Any content or data downloaded or otherwise obtained through the use of this website is done at your own discretion and risk. You are solely responsible for any damage to your computer system or other equipment, loss or corruption of data, or any other losses or damages, tangible or intangible, resulting from your use of any materials downloaded from or obtained through this website.

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

Direxion is committed to maintaining the highest standards of confidentiality and respect for privacy of your personal information.  We recognize that you have entrusted us with non-public personal and financial information in the course of doing business and understand that protecting and safeguarding this information is important.  Click here to review our Privacy Policy.

You agree to indemnify and hold harmless Direxion, its subsidiaries and affiliates, and the officers, directors, employees, and agents of Direxion and its 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.

This website 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 website 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 makes no representations or warranties that this website content is applicable to or appropriate for use in locations outside of the United States.

The terms of these policies, and any dispute that might arise between you and Direxion, its subsidiaries and affiliates, and each of their officers, directors, employees, and agents, are governed by the laws of the State of New York.

No mobile information will be shared with third parties or affiliates for marketing or promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties. Click here for additional SMS Terms & Conditions.

Please do not include personal or account information in any posts, use social media to ask questions about your investments, or raise customer service issues. Please contact us by e-mail at [email protected].

Direxion reserves the right to block posts and or content that is deemed inappropriate or offensive or that constitutes a testimonial, advice, recommendation or advertisement for securities, products, or services. Direxion does not endorse any third-party content and reserves the right to block users at our sole discretion.

For questions about this Legal Notice, please contact us at (866) 476-7523.

Direxion Shares ETF Trust and Direxion Funds are distributed by ALPS Distributors, Inc. Rafferty Asset Management LLC is the investment adviser to each series of the Direxion Funds and the Direxion Shares ETF Trust.

Direxion, Direxion Shares ETF Trust and Direxion Funds are trademarks of Rafferty Asset Management LLC.

Direxion Share ETF Trust and Direxion Funds are not FDIC insured, may lose value and have no bank guarantee. You may lose money by investing in a Fund.