Direxion Daily S&P 500 Bull 1.25X Shares

  • FUND SYMBOL

    LLSP

  • DAILY TARGET

    125%

  • INTRA-DAY INDICATIVE VALUE

    LLSP.IV

  • BLOOMBERG INDEX

    SPXT

  • CUSIP

    25490K109

  • ISIN

    US25490K1097

  • EXPENSE RATIO (GROSS/NET %)

    1.21 / 0.34*

  • INCEPTION DATE

    Jan 07, 2015

Overview

The Direxion Daily S&P 500® Bull 1.25X Shares seeks daily investment results, before fees and expenses, of 125% of the performance of the S&P 500® Index. There is no guarantee the fund will meet its stated investment objective.

This leveraged ETF seeks a return that is 125% the return of its benchmark index for a single day. The fund should not be expected to provide 1.25 times the return of the benchmark’s cumulative return for periods greater than a day.

Strategy & Benefits

Key Benefits

The Direxion 1.25X Lightly Leveraged ETFs seek to:

  • Deliver leveraged returns, with lower compounding risk1 than 2X or 3X leveraged ETFs
  • Gain increased exposure to markets, sectors or industries
  • Enable increased cash deployment and strategic asset allocation

Leveraged ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

1 The Fund rebalances its portfolio on a daily basis, increasing exposure in response to that day’s gains or reducing exposure in response to that day’s losses. This may cause the returns of the fund, for a period of time greater than one day, to differ from the cumulative returns of the benchmark index multiplied by the Fund’s daily target (125%) for the same period.

Target Index

Standard & Poor’s® selects the stocks comprising the S&P 500® Index (SPXT) on the basis of market capitalization, financial viability of the company and the public float, liquidity and price of a company’s shares outstanding. The Index is a float-adjusted, market capitalization-weighted index. One cannot directly invest in an index.

Index Top Ten Holdings %

Apple Inc 3.69
Alphabet Inc 2.68
Microsoft Corp 2.66
Facebook Inc 1.88
Amazon.com Inc 1.78
Berkshire Hathaway Inc 1.63
Johnson & Johnson 1.62
Exxon Mobil Corp 1.61
JPMorgan Chase & Co 1.56
Bank of America Corp 1.15

Index Sector Weightings %

Information Technology 23.10
Financials 14.62
Health Care 14.53
Consumer Discretionary 11.92
Industrials 10.23
Consumer Staples 8.22
Energy 6.10
Utilities 3.12
Materials 3.00
Real Estate 2.99
Telecommunication Services 2.17

Index data as of 09/30/2017. Source: Bloomberg. Index sector weightings and top holdings are subject to change.


Tax Reporting

Supplemental Tax Documents

Pricing and Performance

NAV and Market Price information as of December 14, 2017. Line chart shows pricing trend over the last 30 days.

fund symbol

LLSP

  • Net asset value (NAV)

    • 35.82
    • -0.17
    • -0.47
  • market price closing

    • 35.85
    • -0.15
    • -0.42
  • Premium / Discount

    • 0.03

* 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 0.25%. The Fund’s Adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund, under which Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2019, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.25% of the Fund’s daily net assets 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 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.

Distributions

  • LLSP
  • Daily S&P 500 Bull 1.25X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/20/2017 09/19/2017 09/26/2017 0.14164
06/22/2017 06/20/2017 06/27/2017 0.09242
09/22/2016 09/20/2016 09/27/2016 0.11079
06/23/2016 06/21/2016 06/28/2016 0.11212
03/24/2016 03/22/2016 03/30/2016 0.68848