Direxion Daily Junior Gold Miners Index Bull and Bear 3X Shares

  • FUND SYMBOL

    JNUG

  • DAILY TARGET

    300%

  • INTRA-DAY INDICATIVE VALUE

    JNUG.IV

  • BLOOMBERG INDEX

    MVGDXJTR

  • CUSIP

    25460E851

  • EXPENSE RATIO (GROSS/NET %)

    1.18 / 1.18*

  • INCEPTION DATE

    Oct 03, 2013

  • FUND SYMBOL

    JDST

  • DAILY TARGET

    -300%

  • INTRA-DAY INDICATIVE VALUE

    JDST.IV

  • BLOOMBERG INDEX

    MVGDXJTR

  • CUSIP

    25460E877

  • EXPENSE RATIO (GROSS/NET %)

    1.07 / 1.10*

  • INCEPTION DATE

    Oct 03, 2013

Overview

The Direxion Daily Junior Gold Miners Index 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 MVIS Global Junior Gold Miners Index.  There is no guarantee these 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 or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Strategy & 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 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 and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Target Index

The MVIS Global Junior Gold Miners Index (MVGDXJTR) tracks the performance of foreign and domestic micro-, small- and mid-capitalization companies that generate, or demonstrate the potential to generate, at least 50% of their revenues from, or have at least 50% of their assets related to, gold mining and/or silver mining, hold real property or have mining projects that have the potential to produce at least 50% of the company’s revenue from gold or silver mining when developed, or primarily invest in gold or silver. One cannot directly invest in an index.

Index Top Ten Holdings %

Northern Star Resources 6.36
Anglogold Ashanti 5.85
Evolution Mining 5.24
Yamana Gold 4.28
Pan American 4.15
Gold Fields 3.43
Oceanagold 3.21
B2Gold 3.15
Iamgold 2.80
Regis Rsc 2.66

Index Country Weightings %

Canada 49.12
Australia 23.96
South Africa 11.98
United States 5.76
Jersey 3.33
Cayman Islands 1.99
United Kingdom 1.48
China 1.09
Turkey 0.88
Hong Kong 0.41

Index data as of 09/30/2018. Source: Bloomberg. Index country weightings and top holdings are subject to change.

Pricing and Performance

NAV and Market Price information as of December 14, 2018. Line chart shows pricing trend over the last 30 days.

fund symbol

JNUG

  • Net asset value (NAV)

    • 7.25
    • -0.46
    • -5.97
  • market price closing

    • 7.26
    • -0.45
    • -5.84
  • Premium / Discount

    • 0.01

fund symbol

JDST

  • Net asset value (NAV)

    • 69.27
    • 3.92
    • 6.00
  • market price closing

    • 69.21
    • 3.95
    • 6.05
  • Premium / Discount

    • -0.06

* The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.90% for JNUG and 0.95% for JDST. The Funds’ adviser, Rafferty Asset Management, LLC ("Rafferty") has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2019, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

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 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.

Distributions

  • JNUG
  • Daily Junior Gold Miners Index Bull 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain Return of Capital
03/23/2017 03/21/2017 03/28/2017 0.01323 0.00930
  • JDST
  • Daily Junior Gold Miners Index Bear 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/26/2018 09/25/2018 10/02/2018 0.17969
06/20/2018 06/19/2018 06/26/2018 0.01359