Key stats
About DIREXION SHARES ETF TRUST
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Inception date
Nov 5, 2008
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
SPXL, as a levered product, is not a buy-and-hold ETF, it's a short-term tactical instrument for getting 3x exposure to the S&P 500. The fund gets the added exposure by using futures contracts and other derivatives. The underlying companies are among the biggest and most well-known in the world. Importantly, the implication of SPXL's daily rebalancing is that holding-period returns longer than a day are unlikely to resemble 3x exposure to the S&P 500. Shorter holding periods increase the importance of trading costs relative to yearly management costs, which are fairly high but average for this segment. Over longer periods, returns can vary significantly from 2x exposure to its underlying index
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
Technology Services
Finance
Cash
Stocks65.85%
Electronic Technology13.54%
Technology Services13.20%
Finance10.26%
Health Technology5.67%
Retail Trade5.37%
Consumer Non-Durables2.77%
Producer Manufacturing2.09%
Consumer Services1.99%
Utilities1.84%
Energy Minerals1.63%
Consumer Durables1.44%
Health Services1.08%
Process Industries1.02%
Transportation1.00%
Commercial Services0.72%
Communications0.70%
Distribution Services0.66%
Industrial Services0.53%
Non-Energy Minerals0.31%
Miscellaneous0.03%
Bonds, Cash & Other34.15%
Cash34.15%
Stock breakdown by region
North America97.43%
Europe2.57%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history