TOTS Daily Total Market Bear 1x Shares ETF

Overview

The Direxion Daily Total Market Bear 1x Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the MSCI US Broad Market Index. There is no guarantee the fund will meet its stated investment objective.

This leveraged ETF seeks a return that is -100% of the return of its benchmark index for a single day.

Fact Sheet  ETF Guide  Prospectus

Key Features of the Fund

TOTS, a non-leveraged inverse ETF is a trading tool that allow investors to either seek profit or seek to apply a hedge for an existing broad-market portfolio position that they anticipate will experience negative returns, in the short-term.

  • The fund allows investors a tactical trading alternative to selling out of an existing position and creating a taxable event.
  • Since they don’t employ leverage, compounding is less magnified compared to leveraged inverse ETFs.

Target Index

The MSCI US Broad Market Index represents the universe of companies in the US equity market, including large, mid, small and micro cap companies. This index targets for inclusion 99.5% of the capitalization of the US equity market. The MSCI US Broad Market Index is the aggregation of the MSCI US Investable Market 2500 which targets for inclusion 2500 companies representing the investable universe of the US Equity market, and the MSCI US Micro Cap Index, which targets for inclusion approximately the bottom 1.5% of the US Equity market capitalization. One cannot directly invest in an Index.

Daily Holdings

 

Fund Symbol TOTS
Daily Target -100%
Intra-day Indicative Value TOTS.IV
Bloomberg Index Symbol MSCIBM
CUSIP 25459Y819
ISIN US25459Y8194
Gross Expense Ratio 4.45%
Net Expense Ratio 0.65%*
Inception Date Jun 15, 2011

Pricing and Performance

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

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
TOTS Daily Total Market Bear 1x Shares 21.11 -0.42 -1.95 21.25 -0.29 -1.34 0.14

Performance
NAVs and market price information as of October 21, 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 %)
TOTS Daily Total Market Bear 1x Shares NAV 2.00 -0.38 -7.76 -16.56 -20.85 -16.58 4.45 / 0.65
Market Close 1.61 -0.67 -7.94 -16.91 -20.21 -16.60
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 %)
TOTS Daily Total Market Bear 1x Shares NAV 2.00 -0.38 -7.76 -16.56 -20.85 -16.58 4.45 / 0.65
Market Close 1.61 -0.67 -7.94 -16.91 -20.21 -16.60

* 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 0.65%.

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
TOTS Daily Total Market Bear 1x Shares 1.99641