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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.07% -0.29% 573.79M 16.15M
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
3.25% 0.00% 726.01M Upgrade

Basic Info

Investment Strategy
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 2000® Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. It is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Trading--Inverse Equity
Category Index S&P 500 TR USD
Prospectus Objective Small Company
Fund Owner Firm Name Direxion Funds
Prospectus Benchmark Index
Russell 2000 TR USD -300.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Paul Brigandi 11.91 yrs
Tony Ng 5.01 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 9
726.01M
-91.31M Category Low
2.475B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2020

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of October 27, 2020. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2013
2014
2015
2016
2017
2018
2019
YTD
-68.58%
-29.29%
-6.25%
-55.89%
-38.19%
25.06%
-53.26%
-59.70%
22.80%
4.16%
-2.36%
7.86%
23.97%
-9.41%
26.60%
2.58%
-30.59%
-8.47%
0.50%
-21.17%
-13.61%
11.59%
-19.83%
-13.17%
-52.54%
-17.73%
-0.76%
-39.63%
-26.36%
19.19%
-38.41%
-35.98%
-68.14%
-28.14%
-5.11%
-55.25%
-38.31%
23.41%
-53.83%
-60.15%
146.5%
5.20%
-21.50%
59.22%
39.15%
-39.89%
71.89%
-50.49%
As of October 27, 2020.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-28-20) 3.25%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE --
Weighted Median ROA --
Forecasted Dividend Yield --
Forecasted PE Ratio --
Forecasted Price to Sales Ratio --
Forecasted Price to Book Ratio --
As of August 19, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth --
Forecasted Book Value Growth --
Forecasted Cash Flow Growth --
Forecasted Earnings Growth --
Forecasted Revenue Growth --
As of August 19, 2020

Asset Allocation

As of August 19, 2020.
Type % Net % Long % Short
Cash 145.7% Upgrade Upgrade
Stock -45.68% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 4 Holdings

Name % Weight Price % Change
Goldman Sachs FS Treasury Intms Instl 50.11% 1.00 0.00%
Dreyfus Government Secs Cash Mgmt Admin 47.95% 1.00 0.00%
Russell 2000 Index Swap
-1.64% -- --
Russ 2000 Indx Small Swap
-44.04% -- --

Basic Info

Investment Strategy
The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Russell 2000® Index. The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse (opposite) or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. It is non-diversified.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Alternative
Broad Category Alternative
Category Name Trading--Inverse Equity
Category Index S&P 500 TR USD
Prospectus Objective Small Company
Fund Owner Firm Name Direxion Funds
Prospectus Benchmark Index
Russell 2000 TR USD -300.0%
Broad Asset Class Benchmark Index
^MSACWINTR 100.0%
Manager Tenure
Paul Brigandi 11.91 yrs
Tony Ng 5.01 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-28-20) 3.25%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
Weighted Average Price to Book Ratio --
Weighted Median ROE --
Weighted Median ROA --
Forecasted Dividend Yield --
Forecasted PE Ratio --
Forecasted Price to Sales Ratio --
Forecasted Price to Book Ratio --
As of August 19, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth --
Forecasted Book Value Growth --
Forecasted Cash Flow Growth --
Forecasted Earnings Growth --
Forecasted Revenue Growth --
As of August 19, 2020

Fund Details

Key Dates
Inception Date 11/5/2008
Last Annual Report Date 10/31/2019
Last Prospectus Date 2/28/2020
Attributes
Enhanced Index Fund No
Index Fund Yes
Inverse Fund Yes
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No