DIREXION DAILY XOM BEAR 1X SHARES

The Direxion Daily XOM Bear 1X Shares (XOMZ) seeks daily inverse investment results and is very different from most other exchange-traded funds. Longer holding periods and higher volatility of XOM increase the impact of compounding on an investor’s returns. During periods of higher volatility, the volatility of XOM may affect the fund’s return as much as, or more than, the return of XOM.