Direxion Monthly NASDAQ-100® Bull 1.25X Fund
Fund
DXNLX
Price as of:
$119.86
+ $0.69
+ 0.58%
Primary Theme
fund company
Name
As of 06/02/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
25.5%
1 yr return
49.6%
3 Yr Avg Return
32.5%
5 Yr Avg Return
19.4%
Net Assets
$6.14 M
Holdings in Top 10
110.4%
52 WEEK LOW AND HIGH
$119.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 0.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
$25,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/02/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
DXNLX - Profile
Distributions
- YTD Total Return 25.5%
- 3 Yr Annualized Total Return 32.5%
- 5 Yr Annualized Total Return 19.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.13%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameDirexion Monthly NASDAQ-100® Bull 1.25X Fund
-
Fund Family NameDirexion Funds
-
Inception DateMar 31, 2016
-
Shares Outstanding138157
-
Share ClassInvestor
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CurrencyUSD
-
Domiciled CountryUS
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ManagerPaul Brigandi
Fund Description
The Index is a modified market capitalization-weighted index and includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market® based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, communication services, retail/wholesale trade and biotechnology. It does not contain securities of financial companies or investment companies. Each security must have been traded for at least three full months and have a minimum three-month average daily trading volume of 200,000 shares. The Index is reviewed on an annual basis in December. As of October 31, 2025, the Index consisted of 101 securities whichwere concentrated in the information technology and consumer discretionary sectors.The components of the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated.The Fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the Index, and exchange-traded funds ("ETFs") that track the Index, that, in combination, provide 1.25X monthly leveraged exposure to the Index, consistent with the Fund's investment objective. The financial instruments in which the Fund most commonly invests are swap agreements which are intended to produce economically leveraged investment results.The Fund may invest in the securities of the Index, a representative sample of the securities in the Index that has aggregate characteristics similar to those of the Index, an ETF that tracks the Index or a substantially similar index, and derivatives, such as swaps on the Index or an ETF that tracks the same Index or a substantially similar index, that provide leveraged exposure to the above. The Fund will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease of the value of the securities in the Index. On a day-to-day basis, the Fund is expected to hold ETFs, money market funds, deposit accounts with institutions with high quality credit ratings, and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles (i.e., investment grade or higher), including U.S. government securities and repurchase agreements. The Fund seeks to remain fully invested at all times consistent with its stated investment objective. Because a significant portion of the assets of the Fund may come from investors using “asset allocation” and “market timing” investment strategies, the Fund may engage in frequent trading. The Fund is “non-diversified,” meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities. Additionally, the Fund’s investment objective is not a fundamental policy and may be changed by the Fund’s Board of Trustees without shareholder approval.
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DXNLX - Performance
Return Ranking - Trailing
| Period | DXNLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.5% | -37.8% | 596.7% | 36.71% |
| 1 Yr | 49.6% | -33.1% | 2312.2% | 53.80% |
| 3 Yr | 32.5%* | -11.4% | 136.8% | 31.65% |
| 5 Yr | 19.4%* | -44.2% | 68.9% | 21.52% |
| 10 Yr | 24.3%* | -36.9% | 62.0% | 17.01% |
* Annualized
Return Ranking - Calendar
| Period | DXNLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 18.8% | -41.2% | 466.0% | 49.37% |
| 2024 | 28.3% | -74.1% | 139.4% | 29.11% |
| 2023 | 66.6% | -56.9% | 257.9% | 21.52% |
| 2022 | -40.9% | -91.0% | 124.5% | 52.53% |
| 2021 | 23.2% | -79.4% | 168.2% | 56.96% |
Total Return Ranking - Trailing
| Period | DXNLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.5% | -37.8% | 596.7% | 36.71% |
| 1 Yr | 49.6% | -33.1% | 2312.2% | 53.80% |
| 3 Yr | 32.5%* | -11.4% | 136.8% | 31.65% |
| 5 Yr | 19.4%* | -44.2% | 68.9% | 21.52% |
| 10 Yr | 24.3%* | -36.9% | 62.0% | 17.01% |
* Annualized
Total Return Ranking - Calendar
| Period | DXNLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 22.1% | -40.4% | 478.4% | 54.43% |
| 2024 | 28.6% | -73.1% | 139.6% | 34.18% |
| 2023 | 66.6% | -55.8% | 259.6% | 21.52% |
| 2022 | -40.9% | -91.0% | 130.7% | 56.96% |
| 2021 | 32.4% | -79.4% | 168.2% | 55.70% |
NAV & Total Return History
DXNLX - Holdings
Concentration Analysis
| DXNLX | Category Low | Category High | DXNLX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.14 M | 2.58 M | 31.3 B | 94.01% |
| Number of Holdings | 6 | 4 | 1969 | 98.77% |
| Net Assets in Top 10 | 8.68 M | 1.13 M | 14.3 B | 75.31% |
| Weighting of Top 10 | 110.42% | 11.4% | 142.8% | 20.37% |
Top 10 Holdings
- U.S. Bank Money Market Deposit Account 5 57.48%
- Invesco QQQ Trust Series 1 35.88%
- Goldman Sachs Financial Square Funds - Treasury Instruments Fund 15.19%
- Invesco Government Agency Portfolio 1.91%
- EXCHANGE INDEX US NDX SWAP-L 0.07%
- EXCHANGE INDEX US SWAP-L -0.10%
Asset Allocation
| Weighting | Return Low | Return High | DXNLX % Rank | |
|---|---|---|---|---|
| Cash | 74.57% | 0.00% | 99.57% | 14.81% |
| Stocks | 35.88% | 0.00% | 166.59% | 68.52% |
| Preferred Stocks | 0.00% | 0.00% | 2.01% | 3.09% |
| Convertible Bonds | 0.00% | 0.00% | 0.32% | 12.96% |
| Bonds | 0.00% | 0.00% | 30.76% | 22.22% |
| Other | -0.03% | -6.90% | 99.99% | 82.72% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DXNLX % Rank | |
|---|---|---|---|---|
| Technology | 48.90% | 0.00% | 100.00% | 5.60% |
| Communication Services | 17.61% | 0.00% | 100.00% | 14.40% |
| Consumer Cyclical | 16.11% | 0.00% | 94.15% | 23.20% |
| Healthcare | 6.05% | 0.00% | 100.00% | 46.40% |
| Consumer Defense | 5.50% | 0.00% | 52.46% | 27.20% |
| Industrials | 3.78% | 0.00% | 100.00% | 50.40% |
| Utilities | 1.05% | 0.00% | 100.00% | 38.40% |
| Financial Services | 0.99% | 0.00% | 100.00% | 59.20% |
| Real Estate | 0.00% | 0.00% | 100.00% | 41.60% |
| Energy | 0.00% | 0.00% | 100.00% | 52.80% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 56.80% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DXNLX % Rank | |
|---|---|---|---|---|
| US | 35.88% | 0.00% | 166.59% | 68.52% |
| Non US | 0.00% | 0.00% | 20.00% | 1.85% |
DXNLX - Expenses
Operational Fees
| DXNLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.57% | 0.07% | 5.63% | 17.09% |
| Management Fee | 0.75% | 0.00% | 0.95% | 3.59% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 49.61% |
| Administrative Fee | N/A | 0.03% | 0.25% | N/A |
Sales Fees
| DXNLX 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
| DXNLX 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.
| DXNLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.00% | 0.00% | 266.00% | 4.17% |
DXNLX - Distributions
Dividend Yield Analysis
| DXNLX | Category Low | Category High | DXNLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.80% | 0.00% | 18.26% | 72.46% |
Dividend Distribution Analysis
| DXNLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Annual |
Net Income Ratio Analysis
| DXNLX | Category Low | Category High | DXNLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.13% | -2.77% | 2.92% | 70.25% |
Capital Gain Distribution Analysis
| DXNLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 02, 2026 | $0.952 | OrdinaryDividend |
| Jan 02, 2025 | $2.232 | OrdinaryDividend |
| Jan 02, 2024 | $0.135 | OrdinaryDividend |
| Dec 10, 2021 | $4.777 | CapitalGainShortTerm |
| Dec 11, 2020 | $4.095 | CapitalGainShortTerm |
| Jan 02, 2020 | $2.268 | OrdinaryDividend |
| Dec 13, 2018 | $0.108 | OrdinaryDividend |
| Aug 16, 2018 | $2.162 | CapitalGainShortTerm |
| Dec 14, 2017 | $2.157 | CapitalGainShortTerm |
DXNLX - Fund Manager Analysis
Managers
Paul Brigandi
Start Date
Tenure
Tenure Rank
Mar 31, 2016
6.17
6.2%
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
Mar 31, 2016
6.17
6.2%
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 |
|---|---|---|---|
| 1.79 | 28.9 | 9.84 | 8.67 |