Direxion Daily Russia Bull and Bear 3X Shares

  • FUND SYMBOL

    RUSL

  • DAILY TARGET

    300%

  • INTRA-DAY INDICATIVE VALUE

    RUSL.IV

  • BLOOMBERG INDEX

    MVRSXTR

  • CUSIP

    25490K273

  • ISIN

    US25490K2731

  • EXPENSE RATIO (GROSS/NET %)

    1.12 / 1.14*

  • INCEPTION DATE

    May 25, 2011

  • FUND SYMBOL

    RUSS

  • DAILY TARGET

    -300%

  • INTRA-DAY INDICATIVE VALUE

    RUSS.IV

  • BLOOMBERG INDEX

    MVRSXTR

  • CUSIP

    25460E828

  • ISIN

    US25460E8286

  • EXPENSE RATIO (GROSS/NET %)

    1.17 / 1.13*

  • INCEPTION DATE

    May 25, 2011

Overview

The Direxion Daily Russia Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), performance of the MVIS Russia Index which invests in Russian stocks.  There is no guarantee that these funds will achieve their stated investment objectives.

These leveraged ETFs seek a return that is 300% or -300% 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 MVIS Russia Index (MVRSXTR) is a rules-based index, intended to represent the overall performance of publically traded companies that are domiciled and primarily listed on an exchange in Russia or that are not Russian companies, but nonetheless generate at least 50% of their revenues in Russia. One cannot directly invest in an index.

Index Top Ten Holdings %

Sberbank of Russia PJSC 8.16
Gazprom PJSC 8.02
LUKOIL PJSC 7.11
Magnit PJSC 6.13
MMC Norilsk Nickel PJSC 5.94
Tatneft PJSC 5.58
Novatek PJSC 5.35
Rosneft Oil Co PJSC 4.58
Yandex NV 4.49
VTB Bank PJSC 4.46

Index Sector Weightings %

Energy 38.39
Materials 16.05
Financials 14.87
Consumer Staples 11.46
Telecommunication Services 8.61
Information Technology 7.37
Utilities 3.25

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 14, 2017. Line chart shows pricing trend over the last 30 days.

fund symbol

RUSL

  • Net asset value (NAV)

    • 50.43
    • -0.42
    • -0.83
  • market price closing

    • 50.31
    • -0.48
    • -0.95
  • Premium / Discount

    • -0.12

fund symbol

RUSS

  • Net asset value (NAV)

    • 23.36
    • 0.28
    • 1.21
  • market price closing

    • 23.54
    • 0.41
    • 1.77
  • Premium / Discount

    • 0.18

* 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

  • RUSL
  • Daily Russia Bull 3X Shares

There are no recent distributions available for this fund.

  • RUSS
  • Daily Russia Bear 3X Shares

There are no recent distributions available for this fund.