Direxion Daily CSI 300 China A Share Bull 2X Shares

  • FUND SYMBOL

    CHAU

  • DAILY TARGET

    200%

  • INTRA-DAY INDICATIVE VALUE

    CHAU.IV

  • BLOOMBERG INDEX

    CSIN0301

  • CUSIP

    25490K869

  • EXPENSE RATIO (GROSS/NET %)

    1.06 / 1.04*

  • INCEPTION DATE

    Apr 16, 2015

Overview

The Direxion Daily CSI 300 China A Share Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI 300 Index. There is no guarantee the fund will meet its stated investment objective.

This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day.

Strategy & Benefits

Key Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 2X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Target Index

The CSI 300 Index (CSIN0301) is a modified free-float market capitalization weighted index comprised of the largest and most liquid stocks in the Chinese A-share market. Index constituent stocks must have been listed for more than three months (unless the stock’s average daily A-share market capitalization since its initial listing ranks among the top 30 of all A-shares) and must not be experiencing obvious abnormal fluctuations or market manipulations. One cannot invest directly in an Index.

Index Top Ten Holdings %

China Ping An Bank 7.09
Moutai 3.51
Merchants Bank 3.03
Industrial Bank of China 1.90
Gree Electric 1.85
Midea Group 1.78
Minsheng Bank 1.72
Bank Of Communications China 1.53
Yili Company 1.49
Agricultural Bank Of China 1.42

Index Sector Weightings %

Financials 35.13
Industrials 13.14
Consumer Discretionary 10.85
Consumer Staples 9.08
Information Technology 7.49
Materials 7.21
Health Care 6.48
Real Estate 4.46
Utilities 2.79
Energy 2.73
Communication Services 0.64

Index data as of 09/30/2018. Source: Bloomberg. Index sector weightings and top holdings are subject to change.

Pricing and Performance

NAV and Market Price information as of December 14, 2018. Line chart shows pricing trend over the last 30 days.

fund symbol

CHAU

  • Net asset value (NAV)

    • 15.95
    • -0.59
    • -3.57
  • market price closing

    • 15.97
    • -0.53
    • -3.21
  • Premium / Discount

    • 0.02

* 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 0.95%. The Fund’s adviser, Rafferty Asset Management, LLC ("Rafferty") has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive 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 0.95% of the Fund’s average 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.

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

  • CHAU
  • Daily CSI 300 China A Share Bull 2X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/26/2018 09/25/2018 10/02/2018 0.05938
06/20/2018 06/19/2018 06/26/2018 0.00247