MIDUMIDZ Daily Mid Cap Bull & Bear 3x Shares ETF

Overview

The Direxion Daily Mid Cap 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 S&P MidCap 400 Index. There is no guarantee the funds will meet their 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 S&P MidCap® 400 Index measures the performance of the mid-cap segment of the U.S. equity universe. The Index is a capitalization-weighted index composed of 400 domestic common stocks. Standard & Poor’s® selects the 400 stocks comprising the Index on the basis of market values and industry diversification. The Index represents approximately 7% of the U.S. equities market. The companies included in the index have an average market capitalization of more than $4 billion dollars and a median market capitalization of $3.58 billion dollars as of September 30, 2014. One cannot invest directly in an Index.

Index Sector Weightings (%)
Financials 22.31
Information Technology 16.90
Industrials 16.11
Consumer Discretionary 13.70
Health Care 9.72
Materials 7.55
Energy 5.38
Utilities 4.65
Consumer Staples 3.15
Telecommunication Services 0.53

 There is no guarantee the fund will meet its stated investment objectives. Data as of 09/30/2014 is subject to change at any time. 

Daily Holdings

Fund Symbol MIDU MIDZ
Daily Target 300% -300%
Intra-day Indicative Value MIDU.IV MIDZ.IV
Bloomberg Index Symbol MID MID
CUSIP 25459W730 25459Y421
ISIN US25459W7305 US25459Y4219
Gross Expense Ratio 1.13% 1.38%
Net Expense Ratio 0.95%* 0.95%*
Inception Date Jan 08, 2009 Jan 08, 2009

Pricing and Performance

Price Information
NAVs and market price information as of October 30, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
MIDU Daily Mid Cap Bull 3x Shares 88.23 0.72 0.82 88.20 0.47 0.54 -0.03
MIDZ Daily Mid Cap Bear 3x Shares 14.04 -0.13 -0.92 14.02 -0.15 -1.06 -0.02

Performance
NAVs and market price information as of October 30, 2014

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 %)
MIDU Daily Mid Cap Bull 3x Shares NAV -13.45 -12.69 4.52 30.53 65.80 38.27 44.74 1.13 / 0.95*
Market Close -13.56 -13.02 4.17 30.03 66.00 38.57 44.94
MIDZ Daily Mid Cap Bear 3x Shares NAV 14.28 10.81 -15.87 -35.58 -53.63 -49.54 -56.46 1.38 / 0.95*
Market Close 14.26 11.05 -15.91 -35.57 -53.59 -49.52 -56.45
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 %)
MIDU Daily Mid Cap Bull 3x Shares NAV -13.45 -12.69 4.52 30.53 65.80 38.27 44.74 1.13 / 0.95*
Market Close -13.56 -13.02 4.17 30.03 66.00 38.57 44.94
MIDZ Daily Mid Cap Bear 3x Shares NAV 14.28 10.81 -15.87 -35.58 -53.63 -49.54 -56.46 1.38 / 0.95*
Market Close 14.26 11.05 -15.91 -35.57 -53.59 -49.52 -56.45

* 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
MIDU Daily Mid Cap Bull 3x Shares 0.56592 2.38302
MIDU Daily Mid Cap Bull 3x Shares 3.12678
MIDU Daily Mid Cap Bull 3x Shares 0.05809
MIDU Daily Mid Cap Bull 3x Shares 0.1096
MIDU Daily Mid Cap Bull 3x Shares 13.42807 0.01996
MIDU Daily Mid Cap Bull 3x Shares 0.11752
MIDU Daily Mid Cap Bull 3x Shares 0.17998 3.42857
MIDU Daily Mid Cap Bull 3x Shares 0.01189 1.46154
MIDU Daily Mid Cap Bull 3x Shares 0.01945 1.34856
MIDU Daily Mid Cap Bull 3x Shares 1.0611
MIDU Daily Mid Cap Bull 3x Shares 0.042
MIDU Daily Mid Cap Bull 3x Shares 0.41462 0.58411
MIDU Daily Mid Cap Bull 3x Shares 1.549
MIDU Daily Mid Cap Bull 3x Shares 0.45435 1.95741
MIDU Daily Mid Cap Bull 3x Shares 0.60709 2.53405
MIDU Daily Mid Cap Bull 3x Shares 0.44419 1.87044