Direxion Auspice Broad Commodity Strategy ETFDirexion Auspice Broad Commodity Strategy ETFDirexion Auspice Broad Commodity Strategy ETF

Direxion Auspice Broad Commodity Strategy ETF

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Key stats


Assets under management (AUM)
‪269.39 M‬USD
Fund flows (1Y)
‪−16.18 M‬USD
Dividend yield (indicated)
3.93%
Discount/Premium to NAV
−0.3%

About Direxion Auspice Broad Commodity Strategy ETF


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.80%
Inception date
Mar 30, 2017
Index tracked
Auspice Broad Commodity Index
Management style
Passive
COM tracks a broad commodity index that considers 12 different commodity futures contracts in the agriculture, energy, and metals sectors. Futures positions are weighted by historical volatility and each position can be either long or flat (i.e. moved to cash) based on prevailing price trends in the contract. Contract tenor is determined by an optimized, rules-based process that selects contracts within the next 13-month period. The adviser also invests COMs collateral in T-bills, money market funds, cash, and other short-term, highly rated corporate and government debt. Rather than a commodity pool, the fund uses a Cayman structure (getting exposure through a wholly-owned Cayman Islands subsidiary). As such, taxable investors avoids a K-1 form at tax time. Prior to August 31, 2021, COM was thought of as an index-tracking fund with an active overlay.

Classification


Asset Class
Commodities
Category
Broad market
Focus
Broad market
Niche
Optimized
Strategy
Optimized commodity
Weighting scheme
Technical
Selection criteria
Fixed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 7, 2024
Exposure type
Bonds, Cash & Other
Cash
Miscellaneous
Bonds, Cash & Other100.00%
Cash86.90%
Miscellaneous13.10%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows