PortfolioPlus S&P Small Cap ETF

  • FUND SYMBOL

    PPSC

  • DAILY TARGET

    135%

  • INTRA-DAY INDICATIVE VALUE

    PPSC.IV

  • BLOOMBERG INDEX

    SPTRSMCP

  • CUSIP

    25490K208

  • EXPENSE RATIO (GROSS/NET %)

    1.08 / 0.43*

  • INCEPTION DATE

    Jan 07, 2015

Overview

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

The PortfolioPlus S&P® Small Cap ETF seeks daily investment results, before fees and expenses, of 135% of the daily performance of the S&P Small Cap 600® Index. There is no guarantee the fund will meet its stated investment objective.

This leveraged ETF seeks a return that is 135% of the return of its benchmark index for a single day. This ETF should not be expected to provide 1.35 times the return of its benchmark’s cumulative return for periods greater than one 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

The S&P Small Cap 600® Index (SPTRSMCP) attempts to measure the performance of 600 small-capitalization companies in the U.S. The Index is a float-adjusted market capitalization weighted index. Standard & Poor’s® selects companies with unadjusted market capitalizations of $450 million to $2.1 billion (USD) and based on market values, liquidity, financial viability and industry diversification. One cannot directly invest in an index.

Index Top Ten Holdings %

First Financial Bankshares 0.62
Green Dot 0.57
Spire Inc 0.57
Selective Insurance Group 0.54
Ingevity Corp 0.53
Trex 0.53
Amedisys 0.51
Glacier Bancorp 0.51
Eastgroup Properties 0.50
Firstcash Inc 0.48

Index Sector Weightings %

Financials 19.10
Industrials 18.64
Information Technology 14.43
Consumer Discretionary 14.01
Health Care 11.45
Real Estate 6.57
Materials 4.16
Consumer Staples 3.58
Energy 3.42
Utilities 2.64
Communication Services 2.00

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 March 22, 2019. Line chart shows pricing trend over the last 30 days.

fund symbol

PPSC

  • Net asset value (NAV)

    • 33.96
    • -1.75
    • -4.90
  • market price closing

    • 34.04
    • -1.69
    • -4.72
  • Premium / Discount

    • 0.08

Effective March 1, 2019, the PortfolioPlus ETFs seek a 135% return of their respective benchmarks. All performance for periods prior to that date reflects the prior objective of 125% of the benchmark return.

* 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 0.35%. 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, 2020, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.35% 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 fee and/or reimburse certain expenses of the Fund. Direxion may withdraw this expense limitation at any time and may not recoup any voluntarily 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

  • PPSC
  • PortfolioPlus S&P Small Cap ETF
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
03/20/2019 03/19/2019 03/26/2019 0.01017
12/28/2018 12/27/2018 01/04/2019 0.31140
09/26/2018 09/25/2018 10/02/2018 0.09555 0.47901
06/20/2018 06/19/2018 06/26/2018 0.08286
12/20/2017 12/19/2017 12/27/2017 0.22659
09/20/2017 09/19/2017 09/26/2017 0.11771
06/22/2017 06/20/2017 06/27/2017 0.16028