Key stats
About Direxion Daily NYSE FANG+ Bull 2X Shares
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Inception date
Sep 30, 2021
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
FNGG offers 200% exposure to the ICE FANG 20 Index, which includes big technology firms such as Facebook, Apple, Amazon, Netflix, Google and Microsoft, as well as other companies with similar characteristics. Such other companies are those tied to technologies like social networking, autonomous driving, e-commerce, cryptocurrency, blockchain, AI, and many other innovative technologies. The fund is a concentrated basket of 20 US-listed growth stocks or depositary receipts across the technology, media & communications, and consumer discretionary sectors. FNGG gains such exposure either through direct investment or indirectly through ETFs, and mostly uses swaps and futures to produce its intended leveraged results. Holdings are equally weighted, and are reconstituted and rebalanced on a quarterly basis. As a geared product with daily reset, FNGG is designed as a short-term trading tool. As such, long-term returns could materially differ from the index due to daily compounding.
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
Technology Services
Electronic Technology
Cash
Stocks41.88%
Technology Services25.78%
Electronic Technology12.08%
Retail Trade4.02%
Bonds, Cash & Other58.12%
Cash58.12%
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