DIREXION DAILY LMT BEAR 1X ETF

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