Direxion Daily Natural Gas Related Bull and Bear 3X Shares

  • FUND SYMBOL

    GASL

  • DAILY TARGET

    300%

  • INTRA-DAY INDICATIVE VALUE

    GASL.IV

  • BLOOMBERG INDEX

    FUMTR

  • CUSIP

    25490K349

  • ISIN

    US25490K3499

  • EXPENSE RATIO (GROSS/NET %)

    1.21 / 1.08*

  • INCEPTION DATE

    Jul 14, 2010

  • FUND SYMBOL

    GASX

  • DAILY TARGET

    -300%

  • INTRA-DAY INDICATIVE VALUE

    GASX.IV

  • BLOOMBERG INDEX

    FUMTR

  • CUSIP

    25490K117

  • ISIN

    US25490K1170

  • EXPENSE RATIO (GROSS/NET %)

    1.79 / 1.10*

  • INCEPTION DATE

    Dec 03, 2015

Overview

The Direxion Daily Natural Gas Related Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ISE-Revere Natural Gas Index. There is no guarantee the funds will meet their stated investment objectives.

These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Strategy & Benefits

Key Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse 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.

Target Index

The ISE-Revere Natural Gas Index (FUMTR) is developed and owned by ISE and is designed to take advantage of both event-driven news and long term trends in the natural gas industry. Equity securities are selected for inclusion in the Index using a quantitative ranking and screening system that begins with the universe of equity securities of issuers that are involved in the exploration and production of natural gas and that satisfy market capitalization, liquidity and weighting concentration requirements. After the screens are applied, the remaining equity securities are divided into equity securities issued by MLPs and equity securities issued by non-MLPs, allocated to the Index 15% and 85%, respectively. The Index uses a linear-based capitalization-weighted methodology to rank the equity securities. One cannot directly invest in an Index.

Index Top Ten Holdings %

Anadarko Petroleum Corp 6.81
Devon Energy Corp 6.30
Concho Resources Inc 6.01
Noble Energy Inc 5.91
Encana Corp 5.72
EQT Corp 5.08
Cabot Oil & Gas Corp 4.74
Cimarex Energy Co 4.67
Range Resources Corp 4.26
Newfield Exploration Co 4.16

Index Sector Weightings %

Oil & Gas Exploration & Production 83.76
Oil & Gas Storage & Transportation 12.61
Gas Utilities 2.00
Oil & Gas Drilling 0.85
Oil & Gas Refining & Marketing 0.78

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

Pricing and Performance

NAV and Market Price information as of December 15, 2017. Line chart shows pricing trend over the last 30 days.

fund symbol

GASL

  • Net asset value (NAV)

    • 19.82
    • -1.06
    • -5.08
  • market price closing

    • 19.82
    • -1.06
    • -5.08
  • Premium / Discount

fund symbol

GASX

  • Net asset value (NAV)

    • 30.73
    • 1.48
    • 5.06
  • market price closing

    • 30.70
    • 1.53
    • 5.25
  • 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 0.95%. 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, 2018, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% 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

  • GASL
  • Daily Natural Gas Related Bull 3X Shares

There are no recent distributions available for this fund.

  • GASX
  • Daily Natural Gas Related Bear 3X Shares

There are no recent distributions available for this fund.