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 Sheet  ETF Guide  Prospectus

Strategy Description & 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 that do not have a minimum market cap of at least $300,000,000.
  • Each MLP is then ranked using a quantitative rules-based methodology that includes, value, 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 Constituent Selection Process as well as the ranking, reconstitution, and rebalancing of the Index is repeated quarterly.

Strategy Benefits

  • MLPs may provide attractive dividends 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 intra day liquidity.
  • The ETF structure provides transparency allowing shareholders to “know what they own”.

 

MLP Industry Sector Weightings (%)   
Energy 88.11
Utilities 11.89
Materials 0
Industrials 0

 

MLP Sub-Industry Sector Weightings (%)  
Oil & Gas Storage & Transportation  42.85
Oil & Gas Exploration & Product  26.32
Gas Utilities  11.89
Oil & Gas Refining & Marketing  11.74
Oil & Gas Equipment & Services  4.13
Coal & Consumable Fuels  3.07

All data as of 09/30/2014 and subject to change.

Daily Statistics

Net Operating Gain/(Loss)  |  Capital Appreciation/(Depreciation) (as of 10/30/2014)

$604,608.00

Deferred Tax Liability (as of 10/30/2014)

$228,965.05

Holdings & Tax Reporting Documents

Holdings Files

 

Tax Reporting

Fund Symbol ZMLP
Bloomberg Index Symbol ZAXLPTR
CUSIP 25459Y298
ISIN US25459Y2981
Gross Expense Ratio 0.89%
Net Expense Ratio 0.65%*
Inception Date Jan 23, 2014

Pricing and Performance

Price Information
NAVs and market price information as of October 30, 2014

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 40.28 -0.23 -0.57 40.29 -0.24 -0.59 0.01

Performance
NAVs and market price information as of October 30, 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 %)
ZMLP Direxion Zacks MLP High Income Shares NAV -1.98 0.02 9.67 0.89 / 0.65*
Market Close -1.91 0.05 9.83
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 %)
ZMLP Direxion Zacks MLP High Income Shares NAV -1.98 0.02 9.67 0.89 / 0.65*
Market Close -1.91 0.05 9.83

* 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 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, 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.

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 0.55
ZMLP Direxion Zacks MLP High Income Shares 0.76

*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.