Daily MSCI European Financials Bull 2X Shares

  • FUND SYMBOL

    EUFL

  • DAILY TARGET

    200%

  • INTRA-DAY INDICATIVE VALUE

    EUFL.IV

  • BLOOMBERG INDEX

    NDRUFNCL

  • CUSIP

    25490K166

  • EXPENSE RATIO (GROSS/NET %)

    1.57 / 1.09*

  • INCEPTION DATE

    Jul 27, 2016

Overview

The Direxion Daily MSCI European Financials Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Europe Financials 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.

Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 2X leverage
  • 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 MSCI Europe Financials Index (NDRUFNCL) is provided by MSCI Inc. and is a free float-adjusted, market capitalization-weighted index and represents securities of large-capitalization and mid-capitalization companies across developed market countries in Europe. All component securities in the Index are classified in the financials sector per the Global Industry Classification Standard (GICS). One cannot directly invest in an index.

Index Top Ten Holdings %

HSBC Holdings 10.05
Allianz Se 5.63
Banco Santander 4.66
BNP Paribas 3.95
UBS Group AG 3.51
Prudential 3.41
Lloyds TSB Group 3.20
AXA 2.99
ING Group 2.90
Zurich Insurance 2.76

Index Country Weightings %

United Kingdom 28.68
Switzerland 12.95
France 11.52
Germany 11.39
Spain 9.37
Sweden 7.31
Italy 5.68
Netherlands 5.41
Belgium 2.12
Norway 1.37
Finland 1.32
Denmark 1.25
Austria 0.96
Ireland 0.67

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

Pricing and Performance

NAV and Market Price information as of October 18, 2018. Line chart shows pricing trend over the last 30 days.

fund symbol

EUFL

  • Net asset value (NAV)

    • 29.08
    • -1.50
    • -4.91
  • market price closing

    • 29.19
    • -1.63
    • -5.29
  • Premium / Discount

    • 0.11

* 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 0.80%. 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 0.80% 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

  • EUFL
  • Daily MSCI European Financials 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 0.49231
12/20/2017 12/19/2017 12/27/2017 1.21050
12/14/2017 12/13/2017 12/20/2017 0.00000 3.03707
12/22/2016 12/20/2016 12/28/2016 0.00000 2.78918