LABU: Direxion Daily S&P Biotech Bull 3X Shares - MutualFunds.com
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Direxion Daily S&P Biotech Bull 3X ETF

LABU - Snapshot

Vitals

  • YTD Return -29.8%
  • 3 Yr Annualized Return -13.5%
  • 5 Yr Annualized Return 11.6%
  • Net Assets $779 M
  • Holdings in Top 10 61.7%

52 WEEK LOW AND HIGH

N/A
$44.45
$183.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 137.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Trading--Leveraged Equity

Compare LABU to Popular Leveraged Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$113.09

+3.73%

$12.15 B

-

$0.00

-37.79%

0.98%

$40.31

+2.88%

$4.94 B

0.06%

$0.03

-92.00%

1.06%

$68.05

+2.53%

$4.28 B

-

$0.00

-41.80%

0.99%

$115.31

-0.10%

$3.84 B

0.13%

$0.15

22.86%

0.91%

$104.31

-8.64%

$3.51 B

0.26%

$0.29

58.87%

1.03%

LABU - Profile

Distributions

  • YTD Total Return -28.2%
  • 3 Yr Annualized Total Return -13.5%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.48%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Direxion Daily S&P Biotech Bull 3X Shares
  • Fund Family Name
    Direxion Funds
  • Inception Date
    May 28, 2015
  • Shares Outstanding
    12411600
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Brigandi

Fund Description

The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments and securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the biotechnology sub-industry based on the Global Industry Classification Standards ("GICS"). The fund is non-diversified.


LABU - Performance

Return Ranking - Trailing

Period LABU Return Category Return Low Category Return High Rank in Category (%)
YTD -29.8% -91.4% 173.3% 89.14%
1 Yr 29.1% -12.9% 739.6% 86.81%
3 Yr -13.5%* -82.5% 66.4% 90.75%
5 Yr 11.6%* -64.8% 82.2% 76.07%
10 Yr N/A* -48.8% 49.5% N/A

* Annualized

Return Ranking - Calendar

Period LABU Return Category Return Low Category Return High Rank in Category (%)
2020 74.7% -77.6% 1505.0% 11.56%
2019 75.0% -58.1% 806.3% 16.17%
2018 -57.8% -78.0% 36.9% 92.90%
2017 148.6% -70.1% 314.9% 3.68%
2016 48.4% -82.0% 1431.2% 13.13%

Total Return Ranking - Trailing

Period LABU Return Category Return Low Category Return High Rank in Category (%)
YTD -28.2% -91.6% 209.3% 89.14%
1 Yr 29.1% -12.9% 739.6% 86.81%
3 Yr -13.5%* -82.5% 66.4% 90.75%
5 Yr 11.6%* -64.8% 82.2% 76.07%
10 Yr N/A* -48.8% 49.5% N/A

* Annualized

Total Return Ranking - Calendar

Period LABU Return Category Return Low Category Return High Rank in Category (%)
2020 74.7% -97.4% 379.3% 7.51%
2019 75.0% -58.1% 229.8% 15.57%
2018 -57.8% -74.3% 36.9% 97.63%
2017 148.6% -40.2% 263.7% 2.45%
2016 -62.9% -62.9% 167.0% 100.00%

LABU - Holdings

Concentration Analysis

LABU Category Low Category High LABU % Rank
Net Assets 779 M 445 K 12.1 B 8.76%
Number of Holdings 195 5 2064 18.13%
Net Assets in Top 10 322 M 635 K 28.6 B 18.71%
Weighting of Top 10 61.70% 20.9% 100.0% 50.00%

Top 10 Holdings

  1. S&P Biotechnology Select Industry Index Swap 53.01%
  2. S&P Biotechnology Select Industry Index Swap 53.01%
  3. S&P Biotechnology Select Industry Index Swap 53.01%
  4. S&P Biotechnology Select Industry Index Swap 53.01%
  5. S&P Biotechnology Select Industry Index Swap 53.01%
  6. S&P Biotechnology Select Industry Index Swap 53.01%
  7. S&P Biotechnology Select Industry Index Swap 53.01%
  8. S&P Biotechnology Select Industry Index Swap 53.01%
  9. S&P Biotechnology Select Industry Index Swap 53.01%
  10. S&P Biotechnology Select Industry Index Swap 53.01%

Asset Allocation

Weighting Return Low Return High LABU % Rank
Stocks
52.58% -0.15% 300.05% 81.29%
Cash
47.41% -200.05% 86.55% 12.87%
Preferred Stocks
0.00% 0.00% 0.02% 82.46%
Other
0.00% -17.85% 193.79% 72.51%
Convertible Bonds
0.00% 0.00% 13.45% 88.30%
Bonds
0.00% 0.00% 39.99% 84.21%

Stock Sector Breakdown

Weighting Return Low Return High LABU % Rank
Healthcare
100.00% 0.00% 100.00% 2.08%
Utilities
0.00% 0.00% 100.00% 86.81%
Technology
0.00% 0.00% 100.00% 89.58%
Real Estate
0.00% 0.00% 100.00% 86.11%
Industrials
0.00% 0.00% 100.00% 90.28%
Financial Services
0.00% 0.00% 100.00% 90.97%
Energy
0.00% 0.00% 100.00% 89.58%
Communication Services
0.00% 0.00% 100.00% 90.97%
Consumer Defense
0.00% 0.00% 64.70% 90.28%
Consumer Cyclical
0.00% 0.00% 94.23% 90.97%
Basic Materials
0.00% 0.00% 100.00% 91.67%

Stock Geographic Breakdown

Weighting Return Low Return High LABU % Rank
US
51.95% -11.43% 300.05% 71.35%
Non US
0.63% 0.00% 87.59% 51.46%

LABU - Expenses

Operational Fees

LABU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.88% 9.92% 84.15%
Management Fee 0.75% 0.00% 0.95% 63.13%
12b-1 Fee 0.00% 0.00% 1.00% 41.18%
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

LABU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

LABU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LABU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 137.00% 0.00% 376.00% 56.83%

LABU - Distributions

Dividend Yield Analysis

LABU Category Low Category High LABU % Rank
Dividend Yield 0.00% 0.00% 2.96% 87.88%

Dividend Distribution Analysis

LABU Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

LABU Category Low Category High LABU % Rank
Net Income Ratio -0.48% -2.31% 3.47% 60.98%

Capital Gain Distribution Analysis

LABU Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

LABU - Fund Manager Analysis

Managers

Paul Brigandi


Start Date

Tenure

Tenure Rank

May 28, 2015

6.01

6.0%

Paul Brigandi, the Fund’s Portfolio Manager, is primarily responsible for the day-to-day management of the Fund. An investment trading team of Rafferty employees assists Mr. Brigandi in the day-to-day management of the Fund subject to his primary responsibility and oversight. The Portfolio Manager works with the investment trading team to decide the target allocation of the Fund’s investments and on a day-to-day basis, an individual portfolio trader executes transactions for the Fund consistent with its target allocation. The members of the investment trading team rotate among the various series of the Trust, including the Fund periodically so that no single individual is assigned to a specific Fund for extended periods of time. Mr. Brigandi has been a Portfolio Manager at Rafferty since June 2004. Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. Mr. Brigandi is a 2002 graduate of Fordham University.

Tony Ng


Start Date

Tenure

Tenure Rank

Sep 30, 2015

5.67

5.7%

Tony Ng is a Portfolio Manager and joined Rafferty Asset Management in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004. Mr. Ng graduated from State University at Buffalo in 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.32 27.9 7.25 7.67