China A-shares, which trade on the Shanghai and Shenzhen Stock Exchanges, account for roughly two-thirds of the market capitalization of Chinese stocks. Since most foreign investors cannot purchase China A-shares, investors in most existing China ETFs lack exposure to the majority of Chinese companies. Direxion Daily CSI 300 China A Share Bull 2x Shares and Bear 1x Shares offer liquid, transparent ways to trade A-shares in either direction.
|Ticker||Fund Name||Index/Benchmark (Bloomberg Symbol)||Target||Prospectus|
|CHAU||Daily CSI 300 China A Share Bull 2X Shares||CSI 300 Index (CSIN0301)||200%|
|CHAD||Daily CSI 300 China A Share Bear 1X Shares||CSI 300 Index (CSIN0301)||-100%|
|All data as of 9/30/2017|
|Ticker||Fund Name||1 Mo %||3 Mo %||YTD %||1 YR %||3 YR %||5 YR %||10 YR %||Since Inception||Inception Date||Expense Ratio* (Gross/Net %)|
|CHAU||Daily CSI 300 China A Share Bull 2X Shares||NAV||-1.55||14.22||53.42||41.11||-16.04||1.10 / 1.05*|
|CHAD||Daily CSI 300 China A Share Bear 1X Shares||NAV||0.66||-7.07||-21.24||-18.97||-7.25||0.87 / 0.84*|
|Ticker||Fund Name||NAV||NAV Change $||NAV Change %||Market Price Closing||Market Price Closing Change($)||Market Price Closing Change(%)||Premium / Discount|
|CHAU||Daily CSI 300 China A Share Bull 2X Shares||28.77||-0.47||-1.61||28.78||-0.43||-1.47||0.01|
|CHAD||Daily CSI 300 China A Share Bear 1X Shares||31.73||0.26||0.83||31.69||0.20||0.64||-0.04|
* The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95% for CHAU and 0.80% for CHAD. The Funds’ Adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund, under which Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2017, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% for CHAU, and 0.80% for CHAD, other than the following: taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization and extraordinary expenses. If these expenses were included, the expense ratio would be higher.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at roo-okt.ru.
Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus or summary prospectus. Index performance does not include any fees or expenses, are unmanaged and cannot be invested in directly.