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About Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

EVAV provides daily 2x exposure to an index of companies in the autonomous electric vehicles industry. The fund will comprise those that derive at least 50% of their revenue from engagements in specified sub-themes, identified through a research-based approach, such as manufacturers, enablers, and software and technology developers. Besides liquidity and tradability requirements, eligible securities must be listed on a US exchange, and have a market-cap of at least 500 million USD. The largest 25 pure-play companies will comprise the index, with quasi-play firms completing the roster if few pure-plays qualify. Selected constituents will then be assigned a weighting in accordance with their 6-month average daily value traded, with individual capping at 8%. The index is rebalanced quarterly and reconstituted annually. As a leveraged product with 2x factor that resets daily, EVAV is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.