PortfolioPlus S&P® 500 ETF

  • FUND SYMBOL

    PPLC

  • DAILY TARGET

    125%

  • INTRA-DAY INDICATIVE VALUE

    PPLC.IV

  • BLOOMBERG INDEX

    SPXT

  • CUSIP

    25490K109

  • EXPENSE RATIO (GROSS/NET %)

    0.86 / 0.37*

  • INCEPTION DATE

    Jan 07, 2015

Overview

The PortfolioPlus S&P 500® ETF (PPLC) is formerly the Direxion Daily S&P 500 Bull 1.25X Shares (LLSP). The fund’s name and ticker was changed on February 15, 2018.

The PortfolioPlus S&P 500® ETF seeks daily investment results, before fees and expenses, of 125% of the daily performance of the S&P 500® Index. There is no guarantee the fund will meet its stated investment objective.

This leveraged S&P Large Cap ETF seeks a return that is 125% the return of its benchmark index for a single day. The fund should not be expected to provide 1.25 times the return of the benchmark’s cumulative return for periods greater than a day.

Investing in PortfolioPlus ETFs may be more volatile than investing in broadly diversified funds. Compounding affects all investments, but has more impact on leveraged funds, particularly during periods of higher index volatility and longer holdings periods. Returns may be negative in the same period that the index returns were flat or positive. PortfolioPlus ETFs are intended to be used by investors who understand leverage risk, the effects of compounding and who intend to monitor their portfolios.

 

Strategy & Benefits

PortfolioPlus ETFs seek to:

  • Target increased daily exposure to common broad-based indexes.
  • Maintain allocations to the asset classes of the indexes within your strategy.
  • Provide magnified returns in order to seek outperformance over time.

Magnified returns increase gains and losses.

Target Index

Standard & Poor’s® selects the stocks comprising the S&P 500® Index (SPXT) on the basis of market capitalization, financial viability of the company and the public float, liquidity and price of a company’s shares outstanding. The Index is a float adjusted, market capitalization-weighted index. One cannot directly invest in an index.

Index Top Ten Holdings %

Microsoft 3.73
Apple 3.38
Amazon.com 2.93
Berkshire Hathway 1.89
Johnson & Johnson 1.65
JP Morgan Chase 1.54
Alphabet - C 1.52
Facebook 1.50
Alphabet - A 1.49
Exxon 1.37

Index Sector Weightings %

Information Technology 20.14
Health Care 15.54
Financials 13.31
Communication Services 10.12
Consumer Discretionary 9.94
Industrials 9.20
Consumer Staples 7.41
Energy 5.31
Utilities 3.34
Real Estate 2.96
Materials 2.73

Index data as of 12/31/2018. Source: Bloomberg. Index sector weightings and top holdings are subject to change.

Pricing and Performance

NAV and Market Price information as of February 15, 2019. Line chart shows pricing trend over the last 30 days.

fund symbol

PPLC

  • Net asset value (NAV)

    • 37.24
    • 0.51
    • 1.39
  • market price closing

    • 37.20
    • 0.48
    • 1.32
  • Premium / Discount

    • -0.04

* 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 0.32%. The Fund’s Adviser, Direxion Advisors, LLC (“Direxion”) has entered into an Operating Expense Limitation Agreement with the Fund, under which Direxion has contractually agreed to cap 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 0.32% of the Fund’s 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. Direxion has voluntarily agreed to waive all or a portion of its investment advisory fees and/or reimburse certain expenses of the Fund. Direxion may withdraw this expense limitation at any time. Direxion may not recoup any waived fees and/or reimbursed expenses.

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

  • PPLC
  • PortfolioPlus S&P 500 ETF
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
12/28/2018 12/27/2018 01/04/2019 0.36199
09/26/2018 09/25/2018 10/02/2018 0.16990 0.24633
06/20/2018 06/19/2018 06/26/2018 0.16057
12/20/2017 12/19/2017 12/27/2017 0.31036
09/20/2017 09/19/2017 09/26/2017 0.14164
06/22/2017 06/20/2017 06/27/2017 0.09242