Direxion Daily Utilities Bull 3X Shares

  • FUND SYMBOL

    UTSL

  • DAILY TARGET

    300%

  • INTRA-DAY INDICATIVE VALUE

    UTSL.IV

  • BLOOMBERG INDEX

    IXUTR

  • CUSIP

    25460E711

  • EXPENSE RATIO (GROSS/NET %)

    3.60 / 1.09*

  • INCEPTION DATE

    May 03, 2017

Overview

The Direxion Daily Utilities Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Utilities Select Sector Index. There is no guarantee the fund will meet its stated investment objective.

This leveraged ETF seeks a return that is 300% the return of its benchmark index for a single day. The fund should not be expected to provide 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 Utilities Select Sector Index (IXUTR) is provided by S&P Dow Jones Indices and includes domestic companies from the utilities sector which includes the following industries: electric utilities; multi-utilities; water utilities; independent power producers and energy trades; and gas utilities. One cannot directly invest in an index.

Index Top Ten Holdings %

Nextera Energy 11.36
Duke Energy 8.19
Dominion Energy 6.60
Southern Energy 6.35
Exelon 6.06
American Electric Power 5.02
Sempra Energy 4.47
Public Service Enterprise Group 3.83
Xcel Energy 3.45
Pg&E 3.42

Index Sector Weightings %

Electric Utilities 62.31
Multi-Utilities 32.45
Independent Power and Renewable Electricity Producers 2.96
Water Utilities 2.28

Index data as of 09/30/2018. Source: Bloomberg. Index sector weightings and top holdings are subject to change.

Pricing and Performance

NAV and Market Price information as of November 19, 2018. Line chart shows pricing trend over the last 30 days.

fund symbol

UTSL

  • Net asset value (NAV)

    • 29.93
    • 0.44
    • 1.49
  • market price closing

    • 29.91
    • 0.41
    • 1.39
  • Premium / Discount

    • -0.02

* 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 Fund’s adviser, Rafferty Asset Management, LLC ("Rafferty") has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the 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

  • UTSL
  • Daily Utilities Bull 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/26/2018 09/25/2018 10/02/2018 0.15392
06/20/2018 06/19/2018 06/26/2018 0.12521
03/21/2018 03/20/2018 03/27/2018 0.10656
12/20/2017 12/19/2017 12/27/2017 0.15819