Direxion Inverse and Leveraged Inverse ETFs and Mutual Funds

Worried about the big selloff?

If you think the writing is on the wall, Direxion offers a range of inverse and leveraged inverse ETFs. So you can seek to profit from a downturn in equities or fixed income. 

 

NAVs and market price information as of June 14, 2019

* Net Expense Ratios for ETFs include management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio be 0.95% for TYO, SPXS, MIDZ, TZA, FAZ, WDRW, ERY, DRIP, LABD, DRV, DUST, JDST, DPK, EDZ, YANG, RUSS; 0.92% for TMV; 0.80% for CHAD, HYDD, DULL; 0.45% for TYNS, TYBS, SAGG, SPDN. The Funds’ Adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund, under which Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2018, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% for TYO, SPXS, MIDZ, TZA, FAZ, WDRW, ERY, DRIP, LABD, DRV, DUST, JDST, DPK, EDZ, YANG, RUSS; 0.92% for TMV; 0.80% for CHAD, HYDD, DULL; 0.45% for TYNS, TYBS, SAGG, SPDN other than the following: taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses. If these expenses were included, the expense ratio would be higher.

Net Expense Ratios for Mutual Funds include management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 1.35% for DXSSX, DXRSX, DXKSX; 1.15% for DXNSX; and 1.10% for DXSTX. The Funds’ Adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2019, to the extent that each Fund’s Total Annual Fund Operating Expenses exceed 1.35% for DXSSX, DXRSX, DXKSX; 1.15% for DXNSX; and 1.10% for DXSTX of the Fund’s daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the net expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at www.direxioninvestments.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus or summary prospectus. Index performance does not include any fees or expenses, are unmanaged and cannot be invested in directly.