YINNYANG Daily FTSE China Bull & Bear 3X Shares ETF

Overview

The Daily FTSE China Bull and Bear 3x Shares seek daily investment results, before fees and expenses, of 300%  or 300% of the inverse (or opposite) of the performance of the FTSE China 50 Index (TXINOUU).  There is no guarantee the funds will meet their stated investment objectives.

These leveraged ETFs seeks a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Fact SheetETF Guide  Prospectus

Key Benefits

Key Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion Shares is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3x leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over periods longer than one trading day.

Target Index

Target Index 

The Index consists of the 50 largest and most liquid Chinese companies currently trading on the Hong Kong Stock Exchange (“SEHK”). Securities in the Index are weighted based on the total market value of their shares, so that securities with higher total market values will generally have a higher representation in the Index. Index constituents are screened for liquidity and weightings and are capped to prevent the Index from being overly concentrated in any one stock. As of September 30, 2014, the Index is concentrated in the financial, energy, technology and telecommunication sectors, but this concentration may change in the future based on the Index’s methodology and the varying nature of China’s economy. The Fund will concentrate its investment (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries) in a particular industry or group of industries to approximately the same extent as the Index is so concentrated. One cannot directly invest in an index.

 Index Sector Weightings (%)  
 Financials 50.85
 Energy 16.27
 Telecommunication Services 15.37
 Information Technology 10.35
 Consumer Discretionary 2.97
 Materials 1.41
 Utilities 1.07
 Industrials 0.97
 Consumer Staples 0.74

 Data as of 9/30/2014 is subject to change at any time.

Daily Holdings

 

Fund Symbol YINN YANG
Daily Target 300% -300%
Intra-day Indicative Value YINN.IV YANG.IV
Bloomberg Index Symbol TXINOUU TXINOUU
CUSIP 25459W771 25459Y462
ISIN US25459W7719 US25459Y4623
Gross Expense Ratio 1.07% 1.44%
Net Expense Ratio 0.95%* 0.95%*
Inception Date Dec 03, 2009 Dec 03, 2009

Pricing and Performance

Price Information
NAVs and market price information as of November 19, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
YINN Daily FTSE China Bull 3x Shares 28.48 -0.42 -1.45 28.47 -0.43 -1.49 -0.01
YANG Daily FTSE China Bear 3x Shares 15.74 0.22 1.42 15.71 0.22 1.42 -0.03

Performance
NAVs and market price information as of November 19, 2014

All data as of 10/31/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
YINN Daily FTSE China Bull 3x Shares NAV 11.96 -7.10 5.22 5.43 11.39 -3.97 1.07 / 0.95*
Market Close 12.34 -7.18 5.22 5.57 11.20 -3.95
YANG Daily FTSE China Bear 3x Shares NAV -14.01 -2.24 -31.24 -36.59 -43.83 -41.45 1.44 / 0.95*
Market Close -14.27 -2.24 -31.31 -36.56 -43.73 -41.45
All data as of 9/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
YINN Daily FTSE China Bull 3x Shares NAV -16.48 7.12 -6.02 -6.27 19.59 -6.26 1.07 / 0.95*
Market Close -16.82 6.66 -6.35 -6.47 19.09 -6.31
YANG Daily FTSE China Bear 3x Shares NAV 15.26 -14.26 -20.03 -29.24 -49.80 -40.16 1.44 / 0.95*
Market Close 15.60 -13.91 -19.88 -29.12 -49.65 -40.12

* The Net Expense Ratio includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions. The Fund’s advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Fund. Under this agreement, Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expense through September 1, 2015 to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95%.

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, is unmanaged and cannot be invested in directly.

 

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
YINN Daily FTSE China Bull 3x Shares 0.13594
YINN Daily FTSE China Bull 3x Shares 0.00556
YINN Daily FTSE China Bull 3x Shares 1.38304