The Direxion All Cap Insider Sentiment Shares ETF seeks investment results, before fees and expenses, that track the Sabrient Multi-Cap Insider/Analyst Quant-weighted Index (SBRQAM).
Principal Investment Strategy
The investment strategy of the fund includes:
Following a quantitative rules-based equity index that seeks alpha relative to S&P 500® Index*
Monthly review of each of the index constituents focusing on strong insider buying and favorable analyst ratings
Index selection of stocks is based on S&P 1500 constituents
|Ticker||Fund Name||Index/Benchmark (Bloomberg Symbol)||Target||Prospectus|
|KNOW||Direxion All Cap Insider Sentiment Shares||Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index (SBRQAM)||Prospectus|
|All data as of 6/30/2014|
|Ticker||Fund Name||1 Mo %||3 Mo %||YTD||1 YR %||3 YR %||5 YR %||10 YR %||Since Inception||Inception Date||Expense Ratio* (Gross/Net %)|
|KNOW||Direxion All Cap Insider Sentiment Shares||NAV||3.74||6.86||10.20||31.28||23.86||2.20 / 0.65|
|Ticker||Fund Name||NAV||NAV Change $||NAV Change %||Market Price Closing||Market Price Closing Change($)||Market Price Closing Change(%)||Premium / Discount|
|KNOW||Direxion All Cap Insider Sentiment Shares||65.18||0.44||0.68||65.15||0.38||0.59||-0.03|
|Ticker||Fund Name||Record Date||Ex Date||Pay Date||Income Dividend||Short-Term Capital Gain||Long-Term Capital Gain|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.08206|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.18683|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.08883|
|KNOW||Direxion All Cap Insider Sentiment Shares||1.5441|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.18716|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.20569|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.25019|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.15316|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.24716|
|KNOW||Direxion All Cap Insider Sentiment Shares||0.17299|
The Sabrient Multi-Cap Insider/Analyst Quant-weighted Index is a quantitatively-weighted index comprised of 100 of the top publicly-traded companies in the S&P 1500 Index. The Index reflects positive sentiment among those “insiders” closest to a company’s financials and business prospects, such as top management, directors, large institutional holders, and the Wall Street research analysts who follow the company.
Why the Insider Sentiment ETF?
KNOW is designed to help long term-investors pursue a better portfolio outcome by seeking alpha relative to S&P 500® Index.
This index-based ETF provides investors with access to stocks that corporate officers, directors, and shareholders who own more than 5% of each company’s stock, are accumulating.
This insider sentiment selection uses a screening methodology based on public-company filings and positive earnings analysis that provides the basis for the funds’ quantitatively-weighted indexes. The ETF is comprised of 100 companies selected from the S&P 1500 Index.
The key benefits of the strategy
Allows investors to identify and participate in stocks that corporate insiders are accumulating
Offers access to a rules based index approach to equity investing
Focuses on insider transactions and analyst ratings to determine weightings within the Index
Allocations to sectors within the index can vary significantly from traditional cap-weighted equity benchmark weightings
Fund sector weightings