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Mutual Funds

Direxion Monthly Small Cap Bull 1.75X Fund

The Direxion Monthly Small Cap Bull 1.75X Fund seeks monthly investment results, before fees and expenses, of 175% of the calendar month performance of the Russell 2000® Index. There is no guarantee the fund will achieve their stated investment objective.

DXRLX

NAV (Net Asset Value)$76.31As of Mar 18, 2024
1 Day NAV change$-0.93(-1.20%)As of Mar 18, 2024
Monthly Target
+175%
Daily NAV
$76.31
Expense Ratio
(gross/net %)
1.85 / 1.48*
Security Identifier
254939838
Inception Date
Feb 22, 1999

Documents & Downloads

  • DXRLX Fact Sheet (pdf)
  • DXRLX Prospectus
  • Current Exposure Tool

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

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.

Pricing & Performance

NAV and Market Price information as of 03/18/2024.

DXRLX Monthly Small Cap Bull 1.75X Fund
Net Asset Value (NAV)
$76.31Nav
$-0.93Change
-1.20%Change
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
DXRLX NAV
9.36
22.37
1.34
7.94
-9.87
3.48
6.45
3.71
1.85 / 1.48*
02/22/1999

As of February 29, 2024

*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 1.35%. 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, 2025, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 1.35% 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 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 direxion.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.

Index Information

The Russell 2000® Index (RU20INTR) measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Super Micro Computer
0.52%
Simpson Manufacturing
0.34%
elf Beauty
0.31%
Cytokinetics
0.31%
Microstrategy
0.30%
UFP Packaging LLC
0.30%
Light & Wonder Inc
0.30%
Onto Innovation Inc
0.30%
Rambus
0.29%
Bellring Brands Inc
0.29%

Index Sector Weightings

% of Total
Financials
17.04%
Industrials
17.00%
Health Care
15.39%
Information Technology
13.56%
Consumer Discretionary
10.96%
Energy
6.88%
Real Estate
6.19%
Materials
4.45%
Consumer Staples
3.38%
Utilities
2.74%
Communication Services
2.30%
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/29/202301/02/202401/02/20240.56149
Record Date12/29/2023
Ex Date01/02/2024
Pay Date01/02/2024
Income Dividend0.56149
Short-Term Capital Gain
Long-Term Capital Gain

Documents

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