TECLTECS Daily Technology Bull and Bear 3x Shares ETF

Overview

The Daily Technology 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 Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives.

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 Index is provided by Standard & Poor’s and includes domestic companies from the technology industry. The Index is developed and maintained in accordance with the following criteria:

  • Each of the component securities in the Index is a constituent company of the S&P 500;
  • Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes; and
  • The Index is calculated by the using a modified “market capitalization” methodology, which is a hybrid between equal weighting and conventional capitalization weighting with the weighting capped for the largest stocks included in the Index.

This design ensures that each of the component stocks within a Select Sector Index is represented in a proportion consistent with its percentage with respect to the total market capitalization of such Select Sector Index. One cannot invest directly in an Index.

Index Sector Weightings (%)
Computers 27.58
Software 18.63
Internet 16.00
Telecommunications 15.85
Semiconductors 13.87
Commercial Services 3.70
Diversified Financial Services 2.71
Electronics 1.27
Office/Business Equipment 0.39

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

Daily Holdings

 

Fund Symbol TECL TECS
Daily Target 300% -300%
Intra-day Indicative Value TECL.IV TECS.IV
Bloomberg Index Symbol IXT IXT
CUSIP 25459W102 25459Y439
ISIN US25459W1027 US25459Y4391
Gross Expense Ratio 1.04% 1.22%
Net Expense Ratio 0.95%* 0.95%*
Inception Date Dec 17, 2008 Dec 17, 2008

Pricing and Performance

Price Information
NAVs and market price information as of October 24, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
TECL Daily Technology Bull 3X Shares 118.87 2.83 2.44 118.92 3.08 2.66 0.05
TECS Daily Technology Bear 3X Shares 13.78 -0.35 -2.48 13.78 -0.36 -2.55

Performance
NAVs and market price information as of October 24, 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 %)
TECL Daily Technology Bull 3X Shares NAV -2.22 12.34 37.97 92.01 60.20 35.37 50.21 1.04 / 0.95
Market Close -2.09 12.30 38.20 91.79 60.20 35.68 50.31
TECS Daily Technology Bear 3X Shares NAV 0.91 -14.18 -36.10 -55.77 -51.39 -46.82 -55.75 1.22 / 0.95
Market Close 0.91 -14.29 -36.18 -55.74 -51.40 -46.88 -55.75
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 %)
TECL Daily Technology Bull 3X Shares NAV -2.22 12.34 37.97 92.01 60.20 35.37 50.21 1.04 / 0.95
Market Close -2.09 12.30 38.20 91.79 60.20 35.68 50.31
TECS Daily Technology Bear 3X Shares NAV 0.91 -14.18 -36.10 -55.77 -51.39 -46.82 -55.75 1.22 / 0.95
Market Close 0.91 -14.29 -36.18 -55.74 -51.40 -46.88 -55.75

* 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
TECL Daily Technology Bull 3X Shares 0.02805
TECL Daily Technology Bull 3X Shares 23.0179
TECL Daily Technology Bull 3X Shares 5.07143
TECL Daily Technology Bull 3X Shares 0.50957
TECL Daily Technology Bull 3X Shares 0.8405
TECL Daily Technology Bull 3X Shares 2.0E-5