DRNDRV Daily Real Estate Bull & Bear 3x Shares ETF

Overview

The Direxion Daily Real Estate 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 MSCI US REIT 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 Real Estate Index is a free float market capitalization weighted index that is comprised of Equity REIT securities that belong to the MSCI US Investable Market 2500 Index. The MSCI US REIT Index includes only REIT securities that are of reasonable size in terms of full and free float adjusted market capitalization to ensure that the performance of the Equity REIT universe can be captured and replicated in actual institutional and retail portfolios of different sizes. One cannot directly invest in an Index.

Index Sector Weightings (%)  
Retail REITs 25.86
Residential REITs 16.34
Office REITs 13.34
Health Care REITs 13.24
Diversified REITs 10.65
Specialized REITs 8.07
Hotel & Resort REITs 7.96
Industrial REITs 4.54

Data as of 09/30/2014 is subject to change at any time.

Daily Holdings

Fund Symbol DRN DRV
Daily Target 300% -300%
Intra-day Indicative Value DRN.IV DRV.IV
Bloomberg Index Symbol RMZ RMZ
CUSIP 25459W755 25459Y363
ISIN US25459W7552 US25459Y3633
Gross Expense Ratio 1.10% 1.59%
Net Expense Ratio 0.95% 0.95%*
Inception Date Jul 16, 2009 Jul 16, 2009

Pricing and Performance

Price Information
NAVs and market price information as of October 23, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
DRN Daily Real Estate Bull 3x Shares 66.22 1.62 2.51 66.15 1.55 2.40 -0.07
DRV Daily Real Estate Bear 3x Shares 32.13 -0.83 -2.52 32.16 -0.81 -2.46 0.03

Performance
NAVs and market price information as of October 23, 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 %)
DRN Daily Real Estate Bull 3x Shares NAV -17.59 -10.52 41.91 35.95 42.52 31.21 50.20 1.10 / 0.95
Market Close -17.54 -10.42 42.00 35.97 42.24 30.99 50.02
DRV Daily Real Estate Bear 3x Shares NAV 18.56 6.95 -37.58 -38.82 -48.43 -54.06 -61.71 1.59 / 0.95
Market Close 18.57 6.72 -37.60 -38.75 -48.44 -54.07 -61.71
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 %)
DRN Daily Real Estate Bull 3x Shares NAV -17.59 -10.52 41.91 35.95 42.52 31.21 50.20 1.10 / 0.95
Market Close -17.54 -10.42 42.00 35.97 42.24 30.99 50.02
DRV Daily Real Estate Bear 3x Shares NAV 18.56 6.95 -37.58 -38.82 -48.43 -54.06 -61.71 1.59 / 0.95
Market Close 18.57 6.72 -37.60 -38.75 -48.44 -54.07 -61.71

* The Net Expense Ratio includes management fees, distribution and/or service (12b-1) fees, and other expenses, but does not include other indirect expenses such as Acquired Fund Fees and Expenses (AFFEs), leverage interest, and brokerage commissions. Rafferty Asset Management, LLC has entered into an Operating Services Agreement with the Fund, under which it has agreed to pay all operating expenses of the Fund through September 1, 2015, other than the management fees, 12b-1 fees and other indirect expenses mentioned above, effectively limiting the expenses of the Fund to 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
DRN Daily Real Estate Bull 3x Shares 0.15068
DRN Daily Real Estate Bull 3x Shares 9.36576 0.07869
DRN Daily Real Estate Bull 3x Shares 2.72763
DRN Daily Real Estate Bull 3x Shares 0.33422
DRN Daily Real Estate Bull 3x Shares 0.05425
DRN Daily Real Estate Bull 3x Shares 0.69569 1.2987
DRN Daily Real Estate Bull 3x Shares 0.00527
DRN Daily Real Estate Bull 3x Shares 0.0076
DRV Daily Real Estate Bear 3x Shares 0.03835