Direxion Daily Aerospace & Defense Bull 3X Shares
The Direxion Daily Aerospace & Defense Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Aerospace & Defense Index. There is no guarantee the fund will achieve its stated investment objective.
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.
DFEN
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- 01/23/2024
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This leveraged ETF seeks a return that is 300% the return of its benchmark index for a single day. The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.
Pricing & Performance
NAV and Market Price information as of 08/29/2024.
Net Asset Value (NAV)
Market Price Closing
1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
---|---|---|---|---|---|---|---|---|---|---|
DFEN NAV | 25.09 | 28.93 | 32.85 | 55.11 | 13.38 | -8.62 | — | 4.77 | 0.97 / 0.97* | 05/03/2017 |
DFEN Market Close | 25.09 | 29.03 | 32.82 | 55.45 | 13.44 | -8.63 | — | 4.76 | 0.97 / 0.97* | 05/03/2017 |
As of July 31, 2024
The Primary Listing Exchange is the NYSE Arca, Inc.
*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 0.93%. The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2025, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, 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 fund’s website at direxion.com.
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.
Index Information
The Dow Jones U.S. Select Aerospace & Defense Index (DJSASDT) is provided by S&P Dow Jones Indices LLC (the “Index Provider”). The Index attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The Index Provider selects the stocks comprising the Index from the aerospace and defense sector on the basis of the float-adjusted, market capitalization-weight of each constituent. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons. One cannot invest directly in an index.
Index Top Ten Holdings
% of Total | |
---|---|
GE Aerospace | 19.02% |
Raytheon Technologies Corporation | 14.59% |
Boeing | 10.97% |
L3 Harris Technologies | 4.70% |
Northrop Grumman | 4.67% |
Lockheed Martin | 4.66% |
General Dynamics | 4.51% |
Axon Enterprise Inc | 4.43% |
Transdigm Group | 4.43% |
Howmet Aerospace Inc | 4.26% |
Index Sector Weightings
% of Total | |
---|---|
Aerospace & Defense | 99.71% |
Leisure Products | 0.29% |
Distributions
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
---|---|---|---|---|---|---|
06/25/2024 | 06/25/2024 | 07/02/2024 | 0.10267 | — | — | |
03/20/2024 | 03/19/2024 | 03/26/2024 | 0.07119 | — | — | |
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.10433 | — | — | |
09/20/2023 | 09/19/2023 | 09/26/2023 | 0.06065 | — | — | |
Record Date06/25/2024 Ex Date06/25/2024 Pay Date07/02/2024 Income Dividend0.10267 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/20/2024 Ex Date03/19/2024 Pay Date03/26/2024 Income Dividend0.07119 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.10433 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/20/2023 Ex Date09/19/2023 Pay Date09/26/2023 Income Dividend0.06065 Short-Term Capital Gain— Long-Term Capital Gain— |
Documents
Tax Documents
Download the following Tax Reporting Documents
- Form 8937 (2020)
How to Trade
ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.
We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.
Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.
Operational Updates
- 01/23/2024
Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
Set Up Your ETF Alerts Today
Documents & Downloads
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