Thematic Weight ETFs

Efficient, tilted exposure to relative value and thematic macro strategies.

Thematic Weight ETFs offer tilted exposure to specific investment views. These funds use unique weighting to seek to capitalize on views based on the performance of specific sectors or asset classes, allowing investors to more precisely execute their market outlook while managing their risk exposure.

  • Relative Weight ETFs – Relative Weight ETFs offer efficient ways to make investment allocations with a bias toward a particular group of stocks in relation to another, for investors with intermediate time horizons on macro-themed views.
  • Strategic Weight ETFs – Strategic Weight ETFs help investors move beyond cap-weighted indexing when with particular rules-based tilts toward specific factors in order to seek specific results such as higher income, excess returns, reduced volatility, enhanced diversification, and more.

* For additional information regarding the Fund’s expense ratio (gross/net fees), please refer to its individual product page.

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 for one year and under are cumulative, not annualized. 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. For additional information, see the fund(s) prospectus.

Each Direxion Fund share price is calculated as of the close of regular trading, usually as of 4:00 p.m. Eastern Time, each day the New York Stock Exchange is open for business. Each fund seeks to meet its investment objective relative to the value of the target index or benchmark as of 4:00 p.m.

Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.

After-Tax and After-Tax, Post Sales Returns

Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. We assume the highest tax rate in calculating these figures. These returns follow the SEC guidelines for calculating returns before sale of shares. Tax-adjusted returns show a fund’s annualized after tax total return for the one, three and five year periods, excluding any capital-gains effects that would result from selling the fund at the end of the period. To determine this figure, all income and short-term capital gains distributions are taxed at the maximum federal rate at the time of distribution. Long-term capital gains are taxed at a 15% rate. The after tax portion is then assumed to be reinvested in the fund. State and local taxes are not included in our calculations. For more information, please consult your tax consultant.

Distribution Dates

  • Payable and Ex-Date With regard to mutual funds, this is the day on which declared distributions (dividends or capital gains) are deducted from the fund’s assets before it calculates its net asset value (NAV). The NAV per share will drop by the amount of the distribution per share.
  • Record Date Date by which a shareholder must officially own shares in order to be entitled to a dividend.

Types of Distributions

  • Income Dividend A portion of a company’s profit paid to common and preferred shareholders.
  • Long Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for more than one year.
  • Short Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for less than one year

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