BRIS — Direxion Daily BRIC Bear 3x Sha ☆

Direxion Daily BRIC Bear 3x Sha is an exchange-traded fund seeking daily investment results, before fees and expenses, of 300% of the inverse (opposite) of the performance of the BNY Mellon BRIC Select ADR Index. The fund uses financial instruments such as swaps, futures contracts, and repurchase agreements to pursue its daily investment objective. The compounding effect of daily returns could lead to results which differ greatly over longer periods.