Direxion Daily Gold Miners Index Bull and Bear 3X Shares

  • FUND SYMBOL

    NUGT

  • DAILY TARGET

    300%

  • INTRA-DAY INDICATIVE VALUE

    NUGT.IV

  • BLOOMBERG INDEX

    GDMNTR

  • CUSIP

    25460E844

  • ISIN

    US25460E8443

  • EXPENSE RATIO (GROSS/NET %)

    1.20 / 1.20*

  • INCEPTION DATE

    Dec 08, 2010

  • FUND SYMBOL

    DUST

  • DAILY TARGET

    -300%

  • INTRA-DAY INDICATIVE VALUE

    DUST.IV

  • BLOOMBERG INDEX

    GDMNTR

  • CUSIP

    25490K133

  • ISIN

    US25490K1337

  • EXPENSE RATIO (GROSS/NET %)

    1.06 / 1.08*

  • INCEPTION DATE

    Dec 08, 2010

Overview

The Direxion Daily Gold Miners Index Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of either 300% or 300% of the inverse (or opposite) of the performance of the NYSE Arca Gold Miners Index. There is no guarantee the funds will meet their stated investment objectives.

These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three 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 3X 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 NYSE Arca Gold Miners Index (GDMNTR) is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in mining for gold and, to a lesser extent, in mining for silver. The Index will limit the weight of companies whose revenues are more significantly exposed to silver mining to less than 20% of the Index at each rebalance date. The Index may include small- and mid-capitalization companies and foreign issuers. One cannot directly invest in an index.

Index Top Ten Holdings %

Newmont Mining 11.56
Barrick Gold 8.05
Franco Nevada 7.03
Goldcorp 6.65
Newcrest Mining Ltd. 6.37
Agnico Eagle Mines Ltd 5.44
Wheaton Precious Metals Corp 4.58
Randgold Resources 4.45
Royal Gold 3.18
Kinross Gold 2.79

Index Country Weightings %

Canada 52.30
United States 16.41
Australia 14.10
South Africa 5.90
Jersey 5.86
Peru 2.37
China 1.92
Cayman Islands 1.12

Index data as of 03/31/2018. Source: Bloomberg. Index country weightings and top holdings are subject to change.

Pricing and Performance

NAV and Market Price information as of June 20, 2018. Line chart shows pricing trend over the last 30 days.

fund symbol

NUGT

  • Net asset value (NAV)

    • 23.57
    • -0.47
    • -1.96
  • market price closing

    • 23.67
    • -0.53
    • -2.19
  • Premium / Discount

    • 0.10

fund symbol

DUST

  • Net asset value (NAV)

    • 25.52
    • 0.45
    • 1.79
  • market price closing

    • 25.48
    • 0.58
    • 2.33
  • 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 0.90% for NUGT and 0.94% for DUST. The Funds’ adviser, Rafferty Asset Management, LLC ("Rafferty") has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each 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

  • NUGT
  • Daily Gold Miners Index Bull 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
03/21/2018 03/20/2018 03/27/2018 0.06459
  • DUST
  • Daily Gold Miners Index Bear 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
03/21/2018 03/20/2018 03/27/2018 0.03035