ERXERY Energy Bull and Bear 3x Shares ETF

Overview

The Daily Energy Bull & Bear 3x ETF seeks daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Energy Select Sector Index. There is no guarantee the fund will meet its stated investment objective.

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 or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Fact Sheet  ETF 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 is provided by Standard & Poor’s (the “Index Provider”) and includes domestic companies from the following industries: oil, gas & consumable fuels; and energy equipment & services. The Index is one of nine Select Sector Indexes developed and maintained in accordance with the following criteria:

  • Each of the component securities in the Index is a constituent company of the S&P 500 Index;
  • Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes; and
  • The Index is calculated by the “Index Provider using a modified “market capitalization” methodology, which is a hybrid between equal weighting and conventional capitalization weighting with the weighting capped for the largest stocks included in the Index.

This design ensures that each of the component stocks within a Select Sector Index is represented in a proportion consistent with its percentage with respect to the total market capitalization of such Select Sector Index. One cannot directly invest in an Index.

Index Sector Weightings (%)
Oil&Gas 73.50
Oil&Gas Services 18.45
Pipelines 6.88
Coal 1.17

Data as of 06/30/2014 is subject to change at any time. 

Daily Holdings

 

Fund Symbol ERX ERY
Daily Target 300% -300%
Intra-day Indicative Value ERX.IV ERY.IV
Bloomberg Index Symbol IXE IXE
CUSIP 25459W888 25459Y454
ISIN US25459W8881 US25459Y4540
Gross Expense Ratio 1.02% 1.05%
Net Expense Ratio 0.95%* 0.95%*
Inception Date Nov 06, 2008 Nov 06, 2008

Pricing and Performance

Price Information
NAVs and market price information as of September 22, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
ERX Daily Energy Bull 3x Shares 101.93 -4.80 -4.50 102.00 -4.76 -4.46 0.07
ERY Daily Energy Bear 3x Shares 15.44 0.66 4.47 15.42 0.67 4.54 -0.02

Performance
NAVs and market price information as of September 22, 2014

All data as of 8/31/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
ERX Daily Energy Bull 3x Shares NAV 6.22 10.95 37.33 76.18 35.37 33.26 15.77 1.02 / 0.95
Market Close 5.97 10.95 37.14 76.41 35.34 33.19 15.74
ERY Daily Energy Bear 3x Shares NAV -7.57 -14.08 -35.72 -52.53 -48.89 -52.39 -57.18 1.05 / 0.95
Market Close -7.43 -13.95 -35.64 -52.55 -48.85 -52.33 -57.17
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 %)
ERX Daily Energy Bull 3x Shares NAV 17.06 42.34 44.89 107.61 20.90 38.19 17.39 1.02 / 0.95
Market Close 17.13 42.33 44.78 108.34 20.97 38.21 17.38
ERY Daily Energy Bear 3x Shares NAV -15.67 -32.41 -36.91 -59.59 -47.41 -54.72 -58.39 1.05 / 0.95
Market Close -15.42 -32.18 -36.73 -59.69 -47.40 -54.68 -58.38

* Rafferty Asset Management, LLC, the advisor to the Direxion Shares, has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for other expenses through September 1, 2015, to the extent that the Fund’s Net Annual 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.

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.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
ERX Daily Energy Bull 3x Shares 0.06088
ERX Daily Energy Bull 3x Shares 0.11018
ERX Daily Energy Bull 3x Shares 4.64923
ERX Daily Energy Bull 3x Shares 0.15642 0.20015
ERX Daily Energy Bull 3x Shares 0.04942