DZKDPK Direxion Daily Developed Markets Bull & Bear 3x Shares ETF

Overview

Overview

The Direxion Daily Developed Markets Bull & 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 MSCI EAFE Index.  There is no guarantee that the funds will meet their stated investment objectives.

These leveraged ETFs seek 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 the return of the benchmark’s cumulative return for periods greater than a day.

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 MSCI EAFE® Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance, excluding the U.S. and Canada. The Index consisted of 29 developed market country indices. The companies included in the index have an average market capitalization of more than $19.56 billion dollars and a median market capitalization of $9.37 billion dollars as of June 30, 2015. One cannot directly invest in an Index.

Bermuda​

Index Sector Weightings (%)
Japan 22.95    Finland 0.82 
Britain 18.25    Israel 0.60 
Switzerland 9.76    Norway 0.59 
France 9.49    Luxembourg 0.36 
Germany 8.86    Austria 0.17 
Australia 7.00    Portugal 0.15 
Netherlands 3.45    New Zealand 0.13 
Spain 3.45    South Africa 0.10 
Hong Kong 3.21    Macau 0.10 
Sweden 2.90    United States 0.07 
Italy 2.19    Jersey 0.05 
Denmark 1.67    Bermuda 0.03 
Singapore 1.40    China 0.02 
Belgium 1.30    Mexico 0.02 
Ireland 0.91       

Data as of 6/30/2015 is subject to change at any time. 

Daily Holdings

 

 

Fund Symbol DZK DPK
Daily Target 300% -300%
Intra-day Indicative Value DZK.IV DPK.IV
Bloomberg Index Symbol MXEA MXEA
CUSIP 25459W789 25459Y355
ISIN US25459W7891 US25459Y3559
Gross Expense Ratio 1.11% 2.11%
Net Expense Ratio 0.95%* 0.95%*
Inception Date Dec 17, 2008 Dec 17, 2008

Pricing and Performance

Our third-party service provider (The Bank of New York Mellon) has been unable to calculate NAVs due to an issue with its technology systems. For August 28, 2015, because the official net asset value is not yet available, the information presented regarding "net asset value" is the publicly disseminated closing indicative net asset value. This represents the best available information at this time.

Price Information
NAVs and market price information as of August 28, 2015

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
DZK Daily Developed Markets Bull 3X Shares No Pricing Information
DPK Daily Developed Markets Bear 3X Shares No Pricing Information

Performance
NAVs and market price information as of August 28, 2015

All data as of 7/31/2015
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
DZK Daily Developed Markets Bull 3X Shares NAV 5.06 -5.47 19.98 -8.86 30.87 9.73 8.94 1.11 / 0.95*
Market Close 5.15 -5.51 20.29 -8.59 30.89 9.66 9.00
DPK Daily Developed Markets Bear 3X Shares NAV -7.63 -1.75 -28.22 -12.89 -37.98 -37.29 -43.97 2.11 / 0.95*
Market Close -7.67 -1.82 -27.99 -13.07 -38.00 -37.29 -43.98
All data as of 6/30/2015
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
DZK Daily Developed Markets Bull 3X Shares NAV -9.90 -0.26 14.21 -20.26 28.31 15.74 8.24 1.11 / 0.95*
Market Close -9.97 -0.62 14.40 -20.29 28.25 15.59 8.28
DPK Daily Developed Markets Bear 3X Shares NAV 8.27 -5.08 -22.29 1.30 -36.85 -40.74 -43.71 2.11 / 0.95*
Market Close 8.48 -5.05 -22.01 0.94 -36.88 -40.72 -43.71

* The Net Expense Ratio includes management fees and other operating expenses, but does not include expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions. The Funds’ Advisor, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under this 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, 2016 to the extent that each 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.