FASFAZ Financial Bull and Bear 3x Shares ETF

Overview

The Direxion Daily Financial Bull & Bear 3X Shares ETFs seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index. There is no guarantee the funds will meet their stated investment objective.

These leveraged ETFs seek a return that are +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 Russell 1000® Financial Services Index is a subset of the Russell 1000 Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. As of June 30, 2014, the Index had an average market capitalization of over $17.69 billion dollars and a median market capitalization of $6.29 billion dollars. One cannot directly invest in an Index.

Index Sector Weightings (%)    
Banks: Diversified 19.93   Equity REIT: Timber 0.87
Diversified Financial Services 17.09   Consumer Lending 0.82
Insurance: Multi-Line 13.85   Banks: Savings, Thrift & Mortga 0.78
Financial Data & Systems 11.77   Equity REIT: Storage 0.67
Insurance:Property-Casualty 5.95   Real Estate Services 0.67
Asset Management & Custodian 4.95   Mortgage REIT: Residential 0.63
Equity REIT: Retail 3.93   Equity REIT: Lodging and Resor 0.58
Insurance:Life 3.32   Equity REIT: Other Specialty 0.57
Securities Brokerage & Service 2.70   Equity REIT: Diversified 0.48
Equity REIT: Residential 2.53   Mortgage REIT: Diversified 0.31
Equity REIT: Office 2.07   Commercial Finance & Mortgage 0.26
Equity REIT: Health Care 2.05   Real Estate Holding and Develo 0.26
Equity REIT: Infrastructure 1.65   Other 0.25
Equity REIT: Industrial 0.88   Mortgage REIT: Commercial 0.17

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

Daily Holdings

 

 

Fund Symbol FAS FAZ
Daily Target 300% -300%
Intra-day Indicative Value FAS.IV FAZ.IV
Bloomberg Index Symbol RGUSFL RGUSFL
CUSIP 25459Y694 25459Y447
ISIN US25459Y6941 US25459Y4474
Gross Expense Ratio 1.02% 1.04%
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
FAS Daily Financial Bull 3x Shares 107.14 -2.58 -2.35 107.20 -2.56 -2.33 0.06
FAZ Daily Financial Bear 3x Shares 16.07 0.37 2.36 16.05 0.36 2.29 -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 %)
FAS Daily Financial Bull 3x Shares NAV 11.98 14.06 18.17 70.11 60.05 19.51 -7.19 1.02 / 0.95
Market Close 11.69 14.04 18.19 70.36 60.08 19.52 -7.19
FAZ Daily Financial Bear 3x Shares NAV -11.66 -15.04 -24.64 -50.92 -57.08 -48.86 -67.87 1.04 / 0.95
Market Close -11.42 -15.18 -24.60 -50.94 -57.09 -48.86 -67.87
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 %)
FAS Daily Financial Bull 3x Shares NAV 6.67 5.60 10.51 56.89 32.68 31.30 -8.49 1.02 / 0.95
Market Close 6.81 5.60 10.70 57.05 32.75 31.38 -8.47
FAZ Daily Financial Bear 3x Shares NAV -6.97 -8.88 -17.48 -47.19 -53.69 -54.73 -68.45 1.04 / 0.95
Market Close -7.17 -8.98 -17.49 -47.20 -53.73 -54.72 -68.45

* 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
FAS Daily Financial Bull 3x Shares 0.01128
FAS Daily Financial Bull 3x Shares 0.16573
FAS Daily Financial Bull 3x Shares 0.29172