Key stats
About Direxion Daily Aerospace & Defense Bull 3X Shares
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Inception date
May 3, 2017
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
DFEN is a daily 3x leveraged bet on the Dow Jones U.S. Select Aerospace and Defense Index, a market-cap-weighted index of US-listed aerospace and defense stocks. Unleveraged exposure to the same index can be found in ITA a fund from BlackRock. The geared 3x nature of DFEN is designed to magnify the daily performance of the index, not to return 300% of the index performance over extended periods of time. Due to compounding and the daily reset function, the fund is meant to be a trading vehicle for investors to make short-term bets on the direction of the aerospace and defense industry and not a long-term investment strategy. Compounding becomes more pronounced and more of a concern as holding periods increase, and the fund is likely to stray from the returns of the underlying index in such cases. Due to the fund`s day trading personality, trading volume and bid/ask spread are more important cost considerations than expense ratio.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Cash
Stocks64.51%
Electronic Technology62.78%
Producer Manufacturing1.24%
Transportation0.31%
Commercial Services0.08%
Consumer Durables0.08%
Bonds, Cash & Other35.49%
Cash35.49%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history