SOXLSOXS Semiconductor Bull and Bear 3x Shares ETF

Overview

The Direxion Daily Semiconductor Bull & Bear 3x ETF seeks daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the PHLX Semiconductor Sector Index. There is no guarantee the fund will meet its 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 Semiconductor Index measures the performance of the semiconductor sub-sector of the U.S. equity market. Component companies are engaged in the design, distribution, manufacture and sale of semiconductors. As of March 31, 2014, the Semiconductor Index included companies with a median market capitalization of $11.51 billion. The average capitalization of the companies comprising the Semiconductor Index was approximately $25.08 billion. One cannot directly invest in an index.

Index Sector Weightings (%)
Semiconductors 73.13
Semiconductor Equipment 14.62
Communications Equipment 8.05
Computer Storage & Peripherals 4.20

Data as of 3/31/2014 is subject to change at any time.  One cannot directly invest in an index.

Daily Holdings

Fund Symbol SOXL SOXS
Daily Target 300% -300%
Intra-day Indicative Value SOXL.IV SOXS.IV
Bloomberg Index Symbol SOX SOX
CUSIP 25459W458 25459Y314
ISIN US25459W4583 US25459W1282
Gross Expense Ratio 1.07% 1.22%
Net Expense Ratio 0.95% 0.95%
Inception Date Nov 03, 2010 Nov 03, 2010

Pricing and Performance

Price Information
NAVs and market price information as of July 21, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
SOXL Daily Semiconductor Bull 3x Shares 117.73 0.86 0.74 117.92 0.96 0.82 0.19
SOXS Daily Semiconductor Bear 3x Shares 19.01 -0.14 -0.73 19.00 -0.16 -0.84 -0.01

Performance
NAVs and market price information as of July 21, 2014

All data as of 6/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
SOXL Daily Semiconductor Bull 3x Shares NAV 19.18 25.95 64.37 141.82 35.05 27.30 1.07 / 0.95
Market Close 19.12 25.77 63.84 141.01 35.16 27.30
SOXS Daily Semiconductor Bear 3x Shares NAV -16.83 -25.75 -46.71 -68.00 -57.23 -56.95 1.22 / 0.95
Market Close -16.12 -25.57 -46.48 -68.01 -57.26 -56.92
All data as of 6/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
SOXL Daily Semiconductor Bull 3x Shares NAV 19.18 25.95 64.37 141.82 35.05 27.30 1.07 / 0.95
Market Close 19.12 25.77 63.84 141.01 35.16 27.30
SOXS Daily Semiconductor Bear 3x Shares NAV -16.83 -25.75 -46.71 -68.00 -57.23 -56.95 1.22 / 0.95
Market Close -16.12 -25.57 -46.48 -68.01 -57.26 -56.92

Default Performance Information

*Rafferty Asset Management, LLC, the advisor to the Direxion Shares, has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for other expenses through September 1, 2015, to the extent that the Fund’s Net Annual 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.

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
SOXL Daily Semiconductor Bull 3x Shares 0.00771
SOXL Daily Semiconductor Bull 3x Shares
SOXS Daily Semiconductor Bear 3x Shares
SOXS Daily Semiconductor Bear 3x Shares 0.71282
SOXS Daily Semiconductor Bear 3x Shares 0.74531