Direxion Daily S&P Biotech Bull 3X Shares — new fund registration

Direxion Shares ETF Trust registered 4 new fund series on Form 485APOS, filed 2015-03-10. Featured series: Direxion Daily S&P Biotech Bull 3X Shares.

Registration

Registrant / trust: Direxion Shares ETF Trust
CIK: 0001424958
Form: 485APOS
Filed: 2015-03-10
State of incorporation: DE
Accession: 0001193125-15-085297
Reported net assets: $518.9M

Series & classes (4)

Series	Class	Ticker	New
Direxion Daily S&P Biotech Bull 3X Shares	Direxion Daily S&P Biotech Bull 3X Shares	LABU	Yes
Direxion Daily S&P Biotech Bear 3X Shares	Direxion Daily S&P Biotech Bear 3X Shares	LABD	Yes
Direxion Daily S&amp;P Oil &amp; Gas Exp. &amp; Prod. Bull 3X Shares	Direxion Daily S&P Oil Services Bull 3X Shares	GUSH	Yes
Direxion Daily S&amp;P Oil &amp; Gas Exp. &amp; Prod. Bear 3X Shares	Direxion Daily S&P Oil Services Bear 3X Shares	DRIP	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 0.93%
Management fee: 0.75%
Net expense ratio: 1.02%
Other expenses: 0.16%

Investment objective

The Fund seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

Advisers

RAFFERTY ASSET MANAGEMENT, LLC (Advisor)