Direxion Monthly NASDAQ-100® Bull and Bear 1.25X Funds

  • FUND SYMBOL

    DXNLX

  • MONTHLY TARGET

    125%

  • BLOOMBERG INDEX

    XNDX

  • CUSIP

    25460D101

  • EXPENSE RATIO (GROSS/NET %)

    1.28 / 1.28*

  • INCEPTION DATE

    Mar 31, 2016

  • FUND SYMBOL

    DXNSX

  • MONTHLY TARGET

    -125%

  • BLOOMBERG INDEX

    XNDX

  • CUSIP

    25460D200

  • EXPENSE RATIO (GROSS/NET %)

    1.29 / 1.29*

  • INCEPTION DATE

    Mar 31, 2016

Overview

The Direxion Monthly NASDAQ-100® Bull and Bear 1.25X Funds seeks monthly investment results, before fees and expenses, of 125%, or of 125% of the inverse (or opposite), of the calendar month performance of the NASDAQ-100® Index. There is no guarantee the funds will meet its stated investment objective.

Direxion’s Leveraged Index-based Funds seek to provide monthly returns which are a multiple of the returns of the relevant benchmark. In practice, this means that Leveraged Index-based Funds react to gains by increasing market exposure and react to losses by decreasing market exposure.

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 and inverse Mutual Funds are tools built to help you:

  • Provide monthly targeted magnified exposure to a diversified set of benchmark indexes 
  • Use precise derivative options to seek to optimize benchmark trading accuracy
  • Seek to reduce the impact of compounding through the use of monthly rebalancing

Leveraged mutual funds pursue monthly leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek to magnify the returns of their benchmarks on a monthly basis and should not be expected to track the underlying index over periods longer than one month. 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 NASDAQ-100® Index (XNDX) includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market® based on market capitalization. All companies listed on the index have an average daily trading volume of at least 200,000 shares. One cannot directly invest in an index.

Index Top Ten Holdings %

Apple 12.44
Amazon.Com Inc 11.15
Microsoft Corporation 10.01
Alphabet Inc 8.88
Facebook 4.53
Cisco 2.61
Intel 2.49
Nvidia 1.95
Netflix 1.86
Comcast 1.85

Index Sector Weightings %

Information Technology 59.50
Consumer Discretionary 22.50
Health Care 9.52
Consumer Staples 5.66
Industrials 2.02
Communication Services 0.80

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

Pricing and Performance

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

fund symbol

DXNLX

  • Net asset value (NAV)

    • 30.17
    • -0.88
    • -2.83

fund symbol

DXNSX

  • Net asset value (NAV)

    • 10.44
    • 0.26
    • 2.55

* 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 1.15%. 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 1.15% of each 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 net 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

  • DXNLX
  • Monthly NASDAQ-100 Bull 1.25X Fund
Record Date Ex Date Pay Date Short-Term Capital Gain Long-Term Capital Gain
08/15/2018 08/16/2018 08/16/2018 2.16195
12/13/2017 12/14/2017 12/14/2017 2.15719
  • DXNSX
  • Monthly NASDAQ-100 Bear 1.25X Fund

There are no recent distributions available for this fund.