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Egshares Em Dividend High Income Etf

The investment seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Solactive Equal Weight High Dividend Index. The fund will normally invest at least 80% of its total assets in the securities of the index or in depositary receipts representing securities of the index. The index is designed to identify a diversified basket of equity securities that have historically provided high dividend yields. The fund is non-diversified.

The Index utilizes a rules-based methodology that takes into account the dividend yield of the securities, in addition to the market capitalization of such securities. The Index intends to provide a diversified portfolio of high dividend-paying securities. The index contains securities from a broad range of industries.

ETFs are a low-cost way to gain exposure to a diversified portfolio of high-dividend-paying securities. High-dividend ETFs offer a diversified portfolio of high-dividend stocks in a single security. Some ETFs in this category are designed to track a particular index. They pay out nearly all of their income in dividends.

EGShares EM Dividend High Income ETF (DEM)

Issuer

VanEck

Inception

06/13/2012

EXCHANGE

NYSE Arca

LAST

49.66 +0.36 (0.73%)

At close: 04:04 PM EDT

Under normal market conditions, the fund will invest at least 80% of its total assets in dividend-paying equity securities included in the fund's benchmark index. The fund's 30-day SEC yield (as of September 30, 2022) is 4.02%. Income earned through the fund's investments is paid out to shareholders in the form of distributions. Based on the fund's monthly distribution in the past year, its 12-month distribution yield (as of September 30, 2022) is 5.4%.

The fund's investment advisor is Van Eck Associates Corporation. The address of Van Eck Associates Corporation is 666 Third Avenue, New York, NY 10065.

Direxion Shares ETF Trust II

File Nos. 333-15224 and 811-22500

Rule 424(b)(2)

under the Securities Act of 1933

EM Dividend High Income ETF

Principal U.S.Listing Exchange: NYSE Arca, Inc.

Fee Rate

0.49%

In general, aggregate arrears, dividends, interest income or other payments with respect to Depositary Receipts included in the Trust are passed through to beneficial owners of Creation Units representing securities of the Trust.

The Sponsor does not charge additional fees for transfer agency or trustee services. The Sponsor has contractually agreed to reduce or limit its management fee to the extent that the total ordinary operating expenses (excluding acquired fund fees and

trading expenses) incurred by the Trust exceed 0.49% of the Trust's daily net asset value.

The Sponsor has contractually agreed to reduce or limit its management fee to the extent that the total ordinary operating expenses (excluding acquired fund fees and trading expenses) incurred by the Trust exceed 0.49% of the Trust's daily net asset value.

The Sponsor does not charge additional fees for transfer agency or trustee services.

The Trust's annual report will include a detailed description of the Trust's total ordinary operating expenses. Ordinary operating expenses include the Management Fee, all organizational and extreme expenses of the Trust, and all expenses incurred in connection with the issuance and distribution of shares (such as reviewing and processing applications, compliance costs, trustees' fees, legal and auditor fees), and other extraordinary expenses.

The Management Fee will not be higher than 0.49% of the Trust's net asset value in any year. Neither the Trust nor the Sponsor has a claim on the other for reimbursement of extraordinary expenses.

A variety of factors affects stock prices, including the company's financial performance, market and economic conditions, industry trends, and investor sentiment. Stock prices can be highly volatile, and stock price volatility can be significantly impacted by various macroeconomic and microeconomic factors. Investing in the stock market involves risks, including the possible loss of the principal amount invested.

As a result of inflation, the purchasing power of your investment in the Shares may decrease. The Trust's investments could be negatively affected by extreme market volatility or other economic conditions, which could cause the value of your investment to fall. The Shares may trade at a net asset value greater than their indicates that the Shares are trading at a premium. Over time, the premium may increase, decrease, or remain unchanged. When market prices are higher than the net asset value, there is no guarantee that a buyer will realize a profit on an investment in the Shares when he or she sells them.

Consider the investment objectives, risks, and fees and expenses of a fund before investing.

For more details, call 1-800-847-2631. Further information can be found at www.vaneck.com/business-continuity. The Advisor has contractually agreed to waive fees and/or reimburse expenses to the extent necessary to limit ordinary operating expenses (excluding interest, taxes, brokerage commissions, and other trading expenses, fees, and expenses included in the acquired fund's expense ratio) to 0.49% for at least one year from the date of this prospectus. The expiration date of this contractual waiver/reimbursement is one year after the prospectus.

To the extent that fluctuations in foreign exchange rates cause the price of securities denominated in foreign currencies to fall, your investment could be negatively affected. To the extent that fluctuations in foreign exchange rates cause the price of securities denominated in foreign currencies to fall, your investment could be negatively affected. ETF Managers Group, LLC is not affiliated with E\*TRADE Securities LLC. ETF Managers Group, LLC (ETF) and E*TRADE Securities LLC (E\*TRADE) serve as co-distributors.

Sector or industry specific exchange traded funds are funds that focus on a particular sector or industry. Because Sector or industry-specific exchange traded funds focus their portfolio on a single sector or industry, market conditions affecting that specific sector or industry will significantly affect the funds' value.

For a discussion of certain risks associated with an investment in the Fund, see Principal Investment Risks, Risks Relating to Investment in Foreign Securities.

Certain statements made in this document are forward-looking statements, including these forward-looking statements.

NASDAQ and FINRA are registered trademarks of The NASDAQ OMX Group, Inc. (NASDAQ OMX). The license agreement between NASDAQ OMX and the licensee prohibits the licensee from allowing anyone else to use NASDAQ OMX's marks.

Not FDIC or NCUA Insured

May Lose Value

No Bank, Credit Union, or Swap Guarantee

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