Direxion Financial Bull 3X SharesDirexion Financial Bull 3X SharesDirexion Financial Bull 3X Shares

Direxion Financial Bull 3X Shares

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Key stats


Assets under management (AUM)
‪2.41 B‬USD
Fund flows (1Y)
‪−988.00 M‬USD
Dividend yield (indicated)
0.84%
Discount/Premium to NAV
18.4%

About Direxion Financial Bull 3X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.94%
Inception date
Nov 6, 2008
Index tracked
Financial Select Sector
Management style
Passive
FAS is an aggressive and bullish one-day bet on large-cap US financials stocks. It provides 3x leveraged exposure to a market cap-weighted index that captures the financials segment of the S&P 500 based on GICS. To gain exposure to the index, FAS invests in swap agreements, securities of the index, and ETFs that track the index. As a leveraged product, FAS is not a buy-and-hold ETF, it is a short-term tactical instrument. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. Over longer periods, returns can vary significantly from 3x exposure to its underlying index. Prior to February 28, 2022, the fund tracked the Russell 1000 Financials Services Index. On August 1, 2022, the fund ceased tracking the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Broad-based
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Committee

Returns


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

What's in the fund


As of November 6, 2024
Exposure type
StocksBonds, Cash & Other
Finance
Commercial Services
Stocks97.55%
Finance77.21%
Commercial Services18.58%
Technology Services1.76%
Bonds, Cash & Other2.45%
Cash2.45%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows