RUSLRUSS Daily Russia Bull & Bear 3x Shares ETF

Overview

The Direxion Daily Russia Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) performance of the Market Vectors Russia Index which invests in Russian stocks.  There is no guarantee that these funds will achieve their stated investment objectives.

These leveraged ETFs seek a return that is 300% or -300% 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 Russia Index is a rules-based, modified capitalization weighted, float adjusted index, intended to represent the overall performance of publicly-traded companies that are domiciled and primarily listed on an exchange in Russia or that generate at least 50% of their revenues in Russia. Components of the index must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the index. Stocks whose market capitalizations fall below $75 million as of any rebalancing date will no longer be eligible for the Index. Stocks must have a three-month average daily trading volume value of at least $1 million to be eligible for the index and issuers of such stocks must have traded at least 250,000 shares each month over the previous six months. The index rebalances quarterly. One cannot invest directly in an Index.

Index Sector Weightings (%)
Energy 43.24
Materials 15.77
Financials  12.49
Telecommunication Services 10.22
Consumer Staples 8.29
Information Technology 4.79
Utilities 3.36
Industrials 1.00
Health Care 0.55
Consumer Discretionary  0.29

Data as of 9/30/2014 and is subject to change at any time.

Daily Holdings

Fund Symbol RUSL RUSS
Daily Target 300% -300%
Intra-day Indicative Value RUSL.IV RUSS.IV
Bloomberg Index Symbol MVRSX MVRSX
CUSIP 25459Y645 25459W284
ISIN US25459Y6453 US25459W2843
Gross Expense Ratio 1.38% 1.39%
Net Expense Ratio 0.95%* 0.95%*
Inception Date May 25, 2011 May 25, 2011

Pricing and Performance

Price Information
NAVs and market price information as of December 19, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
RUSL Daily Russia Bull 3x Shares 3.54 0.74 26.43 3.51 0.71 25.36 -0.03
RUSS Daily Russia Bear 3x Shares 26.04 -9.43 -26.59 26.58 -8.98 -25.25 0.54

Performance
NAVs and market price information as of December 19, 2014

All data as of 11/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
RUSL Daily Russia Bull 3x Shares NAV -31.76 -49.51 -76.75 -73.29 -47.14 -54.96 1.38 / 0.95*
Market Close -30.65 -48.99 -76.42 -72.90 -46.91 -54.80
RUSS Daily Russia Bear 3x Shares NAV 34.44 53.75 78.25 50.38 -10.70 -17.98 1.39 / 0.95*
Market Close 33.47 52.93 76.81 49.70 -10.92 -18.08
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 %)
RUSL Daily Russia Bull 3x Shares NAV -19.79 -43.30 -63.06 -58.02 -27.83 -50.30 1.38 / 0.95*
Market Close -20.31 -43.66 -63.16 -58.24 -28.19 -50.37
RUSS Daily Russia Bear 3x Shares NAV 13.20 36.88 31.24 7.01 -41.53 -25.87 1.39 / 0.95*
Market Close 13.35 37.68 31.04 7.62 -41.47 -25.82

* 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
RUSL Daily Russia Bull 3x Shares 0.00356