ZMLP Direxion Zacks MLP High Income Shares ETF

Overview

The Direxion Zacks MLP High Income Shares seeks investment results, before fees and expenses, that track the price and yield performance of the Zacks MLP Index. There is no guarantee the fund will meet its stated investment objective.

Fact SheetETF GuideProspectus 

Strategy & Benefits

Strategy Description

The Zacks MLP Index selects 25 Master Limited Partnerships (MLP) utilizing a methodology proprietary to Zacks. The objective of the Index is to select a group of MLPs with the potential to yield and outperform on a risk adjusted basis the S&P 500 Index and other benchmark indices. One cannot directly invest in an Index.

  • Potential index constituents include all MLPs listed on at least one U.S. stock exchange.
  • Eliminate MLPs with less than a $300 million market cap.
  • Each MLP is then ranked using a rules-based methodology that includes, liquidity, short interest, dividend yield and other factors and is sorted from highest to lowest.
  • The final index is comprised of the 25 highest-ranking securities. The constituents are equally weighted, to make up 4% of the total portfolio each.
  • The index constituent selection, ranking, and rebalancing process is repeated quarterly.

Strategy Benefits

  • MLPs may provide attractive distributions1 to income oriented investors
  • Equal Weighted Construction provides potential for greater diversification
  • The “C Corp” structured ETF provides shareholders with a way to avoid K-1’s
  • Shares may be held in accounts such an IRA, a 401k, and many non-qualified accounts
  • The shares are traded on an exchange which provides intraday liquidity
  • The ETF structure provides transparency allowing shareholders to “know what they own”

1 Annualized Distribution Rate may be considered tax deferred return of capital, but could be subject to capital gains if sold for a gain. Currently, it is estimated that 100% for the distribution rate is return of capital.

 

MLP Category Weightings (%)   
Down Stream 31.43
Mid Stream 52.72
Up Stream 15.85

 

MLP Sub-Industry Sector Weightings (%)  
Energy 83.85
Materials 11.86
Utilities 4.29

All data as of 6/30/2015 and subject to change.

Daily Statistics

Net Operating Gain/(Loss)  |  Capital Appreciation/(Depreciation) (as of 8/28/2015)

($29,657,437.29)

Deferred Tax Liability (as of 8/28/2015)

$0

Holdings & Tax Reporting

Holdings Files

 

Tax Reporting Documents

Fund Symbol ZMLP
Bloomberg Index Symbol ZAXLPTR
CUSIP 25459Y298
ISIN US25459Y2981
Gross Expense Ratio 2.21%
Net Expense Ratio 0.65%*
Inception Date Jan 23, 2014

Pricing and Performance

Our third-party service provider (The Bank of New York Mellon) has been unable to calculate NAVs due to an issue with its technology systems. For August 28, 2015, because the official net asset value is not yet available, the information presented regarding "net asset value" is the publicly disseminated closing indicative net asset value. This represents the best available information at this time.

Price Information
NAVs and market price information as of August 28, 2015

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
ZMLP Direxion Zacks MLP High Income Shares No Pricing Information

Performance
NAVs and market price information as of August 28, 2015

All data as of 7/31/2015
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
ZMLP Direxion Zacks MLP High Income Shares NAV -4.99 -18.62 -15.07 -29.81 -16.75 2.21 / 0.65*
Market Close -5.07 -18.88 -15.04 -29.89 -16.81
All data as of 6/30/2015
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
ZMLP Direxion Zacks MLP High Income Shares NAV -9.97 -8.81 -10.61 -27.36 -14.66 2.21 / 0.65*
Market Close -10.12 -9.02 -10.51 -27.46 -14.67

The Net Expense Ratio includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest, deferred income taxes and brokerage commissions. The Fund’s advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Fund. Under this agreement, 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, 2016 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.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
ZMLP Direxion Zacks MLP High Income Shares 0.76
ZMLP Direxion Zacks MLP High Income Shares 0.76
ZMLP Direxion Zacks MLP High Income Shares 0.76
ZMLP Direxion Zacks MLP High Income Shares 0.76
ZMLP Direxion Zacks MLP High Income Shares 0.76
ZMLP Direxion Zacks MLP High Income Shares 0.55

*In connection with the quarterly dividend payment it is anticipated that 100% of such dividend will be a return of capital, 0% ordinary income (including short-term capital gains) and 0% long-term capital gains. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and be subject to changes based on tax regulations. You will receive a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income purposes.