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Trending ETFs

Name

As of 11/08/2024

Price

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

$75.86

$123 M

0.46%

$0.35

1.51%

Vitals

YTD Return

43.2%

1 yr return

67.0%

3 Yr Avg Return

9.1%

5 Yr Avg Return

22.6%

Net Assets

$123 M

Holdings in Top 10

78.8%

52 WEEK LOW AND HIGH

$75.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000

IRA

$25,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 11/08/2024

Price

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

$75.86

$123 M

0.46%

$0.35

1.51%

DXSLX - Profile

Distributions

  • YTD Total Return 43.2%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 22.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.22%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Direxion Monthly S&P 500® Bull 1.75X Fund
  • Fund Family Name
    Direxion Funds
  • Inception Date
    May 01, 2006
  • Shares Outstanding
    1920752
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Tony Ng

Fund Description

The Index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. It selects constituents on the basis of market capitalization, financial viability of the company,sector representation, public float, liquidity and price of a company’s shares outstanding. The Index is a float-adjusted and market capitalization-weighted index.As of October 31, 2023, the Index consisted of 503 constituents, which had a median total market capitalization of $28.9billion, total market capitalizations ranging from $4 billion to $2.7 trillion and were concentrated in the information technology sector. The Index is rebalanced quarterly.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 securities of the Index, exchange-traded funds ("ETFs") that track the Index and other financial instruments that provide monthly leveraged exposure to the Index or to ETFs that track the Index, which, in combination, provide returns 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, an ETF that tracks the Index, or utilize derivatives such as swaps on the Index, swaps on an ETF that tracks the Index or a substantially similar index as the Fund, or futures contracts to obtain leveraged exposure to the securities or a representative sample of the securities in the Index that have aggregate characteristics similar to those of the Index. 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 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, 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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DXSLX - Performance

Return Ranking - Trailing

Period DXSLX Return Category Return Low Category Return High Rank in Category (%)
YTD 43.2% -61.7% 127.1% 25.32%
1 Yr 67.0% -40.6% 168.1% 43.67%
3 Yr 9.1%* -50.9% 39.5% 17.72%
5 Yr 22.6%* -37.7% 51.9% 13.92%
10 Yr 19.8%* -35.5% 40.8% 14.49%

* Annualized

Return Ranking - Calendar

Period DXSLX Return Category Return Low Category Return High Rank in Category (%)
2023 39.9% -56.9% 257.9% 32.28%
2022 -37.3% -91.0% 124.5% 44.30%
2021 47.0% -79.4% 168.2% 29.75%
2020 24.2% -97.4% 132.6% 29.11%
2019 53.1% -53.1% 229.8% 37.18%

Total Return Ranking - Trailing

Period DXSLX Return Category Return Low Category Return High Rank in Category (%)
YTD 43.2% -61.7% 127.1% 25.32%
1 Yr 67.0% -40.6% 168.1% 43.67%
3 Yr 9.1%* -50.9% 39.5% 17.72%
5 Yr 22.6%* -37.7% 51.9% 13.92%
10 Yr 19.8%* -35.5% 40.8% 14.49%

* Annualized

Total Return Ranking - Calendar

Period DXSLX Return Category Return Low Category Return High Rank in Category (%)
2023 39.9% -55.8% 259.6% 32.28%
2022 -37.3% -91.0% 130.7% 46.84%
2021 58.8% -79.4% 168.2% 21.52%
2020 27.5% -97.4% 132.6% 28.48%
2019 61.5% -52.7% 231.9% 32.05%

NAV & Total Return History


DXSLX - Holdings

Concentration Analysis

DXSLX Category Low Category High DXSLX % Rank
Net Assets 123 M 1.73 M 22.2 B 30.54%
Number of Holdings 5 5 2009 96.91%
Net Assets in Top 10 94.5 M 1.08 M 9.23 B 28.40%
Weighting of Top 10 78.79% 13.9% 185.3% 25.31%

Top 10 Holdings

  1. ISHARES CORE SP 500 ETF 54.29%
  2. Goldman Sachs Financial Square Funds - Treasury Instruments Fund 13.38%
  3. Invesco Government Agency Portfolio 4.61%
  4. 197049SPXML12112024 3.63%
  5. 197049SPXUBS12172024 2.89%

Asset Allocation

Weighting Return Low Return High DXSLX % Rank
Stocks
54.29% 0.00% 375.12% 76.54%
Cash
39.19% 0.00% 104.72% 11.11%
Other
6.52% -7.39% 99.69% 84.57%
Preferred Stocks
0.00% 0.00% 1.99% 15.43%
Convertible Bonds
0.00% 0.00% 0.32% 22.22%
Bonds
0.00% 0.00% 37.59% 29.01%

Stock Sector Breakdown

Weighting Return Low Return High DXSLX % Rank
Technology
25.62% 0.00% 100.00% 27.20%
Financial Services
13.75% 0.00% 100.00% 33.60%
Healthcare
13.41% 0.00% 100.00% 32.00%
Consumer Cyclical
11.68% 0.00% 94.15% 45.60%
Communication Services
9.64% 0.00% 100.00% 30.40%
Industrials
8.15% 0.00% 100.00% 32.00%
Consumer Defense
6.62% 0.00% 52.46% 17.60%
Energy
3.68% 0.00% 100.00% 32.00%
Real Estate
2.62% 0.00% 100.00% 32.80%
Utilities
2.57% 0.00% 100.00% 27.20%
Basic Materials
2.25% 0.00% 100.00% 40.80%

Stock Geographic Breakdown

Weighting Return Low Return High DXSLX % Rank
US
54.29% 0.00% 375.12% 76.54%
Non US
0.00% 0.00% 20.00% 14.20%

DXSLX - Expenses

Operational Fees

DXSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.68% 5.63% 64.56%
Management Fee 0.75% 0.00% 0.95% 12.57%
12b-1 Fee 0.25% 0.00% 1.00% 53.54%
Administrative Fee N/A 0.03% 0.25% 1.25%

Sales Fees

DXSLX 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

DXSLX 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.

DXSLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 266.00% 5.63%

DXSLX - Distributions

Dividend Yield Analysis

DXSLX Category Low Category High DXSLX % Rank
Dividend Yield 0.46% 0.00% 18.26% 49.10%

Dividend Distribution Analysis

DXSLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Quarterly

Net Income Ratio Analysis

DXSLX Category Low Category High DXSLX % Rank
Net Income Ratio -1.22% -2.77% 2.92% 74.68%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DXSLX - Fund Manager Analysis

Managers

Tony Ng


Start Date

Tenure

Tenure Rank

May 01, 2006

16.09

16.1%

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.

Paul Brigandi


Start Date

Tenure

Tenure Rank

May 01, 2006

16.09

16.1%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
1.79 28.9 9.84 8.67