DXSLXDXSSX Direxion Monthly S&P 500 Bull & Bear 2x Funds Mutual Fund


The Direxion Monthly S&P 500 Bull & Bear 2x Funds seek monthly investment results, before fees and expenses, of 200% or of 200% of the inverse (or opposite) of the calendar month performance of the S&P 500 Index. There is no guarantee the funds will meet its stated investment objective.

Target Index

Target Index

The S&P 500® Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s® selects the 500 stocks comprising the Index on the basis of market values and industry diversification. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange. The companies included in the index have an average market capitalization of more than $36.89 billion dollars and a median market capitalization of $17.04 billion dollars as of September 30, 2015. One cannot invest directly in an Index.

Index Sector Weightings (%)
Information Technology 20.39
Financials 16.49
Health Care 14.68
Consumer Discretionary 13.11
Industrials 10.05
Consumer Staples 9.96
Energy 6.93
Utilities 3.16
Materials 2.82
Telecommunication Services 2.41

Data as of 9/30/2015 is subject to change at any time and are not recommendations to buy or sell any security.

Why Monthly Leveraged

Why Monthly Leveraged Mutual Funds?

Here you will find educational materials that aim to streamline and simplify leveraged index mutual funds, helping you to effectively deploy them in support of your portfolio strategies.

This page contains in depth information on the nature of leveraged index funds and related topics. These literature pieces should provide you with a good understanding of industry concepts and how leveraged index funds may perform.

  • Understanding Direxion Fund’s Monthly Leveraged Index Funds – Direxion Funds 2x Monthly Leveraged Index are mutual funds that provide 200% (or 200% of the inverse) exposure to their benchmarks and the ability for investors to navigate changing markets with flexibility. This information is designed to provide you with details concerning the composition of these funds, their monthly rebalancing feature, and the potential risks associated with them.
  • Managing Intra-Month Purchases of Monthly Leveraged Index Funds – This piece is designed to provided details on how to manage intra-monthly purchases of these funds, how to understand the changes in exposure that invariably occur each day of the month, and the tools that Direxion Funds offers to help investors understand current exposure level – so they can make educated decisions about any Leveraged Index Fund Purchase they may be considering.
  • The Impact of Changing Market Exposure on Leveraged Index Fund Performance – Leverage index fund performance can be significantly affected both positively and negatively by fluctuating market exposure. This piece provides a clear understanding of how market exposure can affect performance of these investments over time.
Monthly Target 200% -200%
Bloomberg Index Symbol SPX SPX
CUSIP 254939705 254939218
Gross Expense Ratio 1.35% 1.35%
Net Expense Ratio 1.35% 1.35%
Inception Date May 01, 2006 May 01, 2006

Pricing and Performance

Price Information
NAVs and market price information as of November 27, 2015

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
DXSLX Monthly S&P 500 Bull 2x Fund 92.90 0.13 0.14 0.00 0.00
DXSSX Monthly S&P 500 Bear 2x Fund 26.46 -0.04 -0.15 0.00 0.00

NAVs and market price information as of November 27, 2015

All data as of 10/31/2015
Ticker Fund Name 1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
DXSLX Monthly S&P 500 Bull 2x Fund 16.66 -2.95 1.70 6.30 30.49 25.64 2.40 1.35 / 1.35
DXSSX Monthly S&P 500 Bear 2x Fund -16.95 -2.64 -11.13 -15.67 -29.92 -28.33 -24.17 1.35 / 1.35
All data as of 9/30/2015
Ticker Fund Name 1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
DXSLX Monthly S&P 500 Bull 2x Fund -5.16 -13.50 -12.82 -4.59 22.31 23.57 0.76 1.35 / 1.35
DXSSX Monthly S&P 500 Bear 2x Fund 4.79 12.19 7.00 -3.54 -24.59 -26.81 -22.85 1.35 / 1.35

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.


Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
DXSLX Monthly S&P 500 Bull 2x Fund 3.65699
DXSLX Monthly S&P 500 Bull 2x Fund 3.87085 0.04216