About Direxion Daily Financial Bear 3X Shares (FAZ)

Direxion Daily Financial Bear 3X Shares (FAZ) is an exchange-traded fund (ETF) that aims to provide investors with daily 3x leveraged short exposure to the performance of the Russell 1000 Financial Services Index. The fund seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, options, futures contracts, and other derivative instruments. These financial instruments are intended to create economic leverage and enable the fund to achieve its daily investment objective.

The performance of FAZ is designed to correspond to three times the inverse (-3x) of the daily performance of the Russell 1000 Financial Services Index. This index measures the performance of the financial services sector of the U.S. equity market. As a result, when the financial services sector experiences a decline, FAZ is expected to increase in value. Conversely, when the financial services sector performs well, FAZ is likely to decrease in value.