FASFAZ Daily 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 September 30, 2014, the Index had an average market capitalization of over $17.67 billion dollars and a median market capitalization of $6.01 billion dollars. One cannot directly invest in an Index.

Index Sector Weightings (%)
Banks: Diversified 19.70
Diversified Financial Services 17.82
Equity REIT 15.50
Insurance: Multi-Line 14.05
Financial Data & Systems 12.10
Insurance: Property-Casualty 6.07
Asset Management & Custodian 5.02
Insurance: Life 3.24
Securities Brokerage & Service 2.88
Misc. 3.62

Data as of 09/30/2014 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 November 21, 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 119.61 1.73 1.47 119.46 1.72 1.46 -0.15
FAZ Daily Financial Bear 3x Shares 13.84 -0.21 -1.49 13.86 -0.20 -1.42 0.02

Performance
NAVs and market price information as of November 21, 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 %)
FAS Daily Financial Bull 3x Shares NAV 11.00 19.56 26.16 50.41 67.16 25.03 -5.97 1.02 / 0.95*
Market Close 10.48 19.05 25.98 49.67 66.94 24.89 -6.00
FAZ Daily Financial Bear 3x Shares NAV -12.59 -20.54 -32.22 -44.67 -54.95 -49.84 -67.42 1.04 / 0.95*
Market Close -12.32 -20.27 -32.14 -44.46 -54.91 -49.83 -67.42
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 %)
FAS Daily Financial Bull 3x Shares NAV -3.81 2.85 13.66 49.40 80.00 17.60 -7.70 1.02 / 0.95*
Market Close -3.52 3.01 14.03 49.73 79.85 17.75 -7.66
FAZ Daily Financial Bear 3x Shares NAV 2.90 -6.03 -22.45 -43.97 -60.24 -47.42 -67.20 1.04 / 0.95*
Market Close 2.65 -6.20 -22.60 -44.01 -60.20 -47.46 -67.22

* The Net Expense Ratio of the Fund 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 which 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, 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