Direxion Daily MSCI Real Estate Bull and Bear 3X Shares

  • FUND SYMBOL

    DRN

  • DAILY TARGET

    300%

  • INTRA-DAY INDICATIVE VALUE

    DRN.IV

  • BLOOMBERG INDEX

    RMS G

  • CUSIP

    25459W755

  • ISIN

    US25459W7552

  • EXPENSE RATIO (GROSS/NET %)

    1.13 / 1.08*

  • INCEPTION DATE

    Jul 16, 2009

  • FUND SYMBOL

    DRV

  • DAILY TARGET

    -300%

  • INTRA-DAY INDICATIVE VALUE

    DRV.IV

  • BLOOMBERG INDEX

    RMS G

  • CUSIP

    25459Y363

  • ISIN

    US25459Y3633

  • EXPENSE RATIO (GROSS/NET %)

    1.48 / 1.09*

  • INCEPTION DATE

    Jul 16, 2009

Overview

The Direxion Daily MSCI Real Estate 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 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.

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 MSCI US REIT Index (RMS G) is a free float-adjusted market capitalization weighted index that is comprised of equity real estate investment trusts (“REITs”) that are included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. The Index represents approximately 99% of the U.S. REIT universe. One cannot directly invest in an index.

Index Top Ten Holdings %

Simon Property Group REIT 6.12
Prologis REIT 4.28
Equinix Inc Common Stock REIT 4.17
Public Storage REIT 4.00
Avalonbay Communities REIT 2.90
Equity Residential REIT 2.89
Digital Realty REIT 2.76
Welltower Inc 2.57
Boston Properties REIT 2.43
Ventas REIT 2.25

Index Sector Weightings %

Retail REITs 18.69
Specialized REITs 18.19
Residential REITs 16.92
Office REITs 13.40
Health Care REITs 11.02
Industrial REITs 7.90
Hotel & Resort REITs 6.99
Diversified REITs 6.89

Index data as of 03/31/2018. Source: Bloomberg. Index sector weightings and top holdings are subject to change.

Pricing and Performance

NAV and Market Price information as of May 25, 2018. Line chart shows pricing trend over the last 30 days.

fund symbol

DRN

  • Net asset value (NAV)

    • 18.66
    • 0.21
    • 1.14
  • market price closing

    • 18.64
    • 0.19
    • 1.03
  • Premium / Discount

    • -0.02

fund symbol

DRV

  • Net asset value (NAV)

    • 11.55
    • -0.13
    • -1.11
  • market price closing

    • 11.56
    • -0.14
    • -1.20
  • Premium / Discount

    • 0.01

* 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 0.95%. 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

  • DRN
  • Daily MSCI Real Estate Bull 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
12/20/2017 12/19/2017 12/27/2017 0.20878
  • DRV
  • Daily MSCI Real Estate Bear 3X Shares

There are no recent distributions available for this fund.