Direxion Daily FTSE Europe Bear 3X ETF

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the FTSE Developed Europe Index.
The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in: futures contracts; options on securities, indices and futures contracts; equity caps, floors and collars; swap agreements; forward contracts; short positions; reverse repurchase agreements; exchange-traded funds ("ETFs"); and other financial instruments that, in combination, provide leveraged and unleveraged exposure to the FTSE Developed Europe Index ("index"). It is non-diversified.

Key stats

Management firm  Direxion Funds
Domicile  United States
Fund Administrator  U.S. Bancorp Fund Services, LLC
Global Branding Name  Direxion
Fund currency  USD
Launch Date  2014-01-22
ISIN  US25459Y2726
Manager 1 Name  Paul Brigandi
Fund Strategy  Trading-Inverse Equity
Benchmark  FTSE Developed Europe NR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-07-31
Return - 1 Month  12.91%
Return - 2 Months  12.67 %
Return - 3 Months  9.58%
Return - 6 Months  -19.65 %
Annualized return since Inception  -7.03%

Charges

Maximum Managment Charge  0.75 %

Contact

Contact Address  Direxion Funds
Contact Address 2  33 Whitehall St., 10th Floor
Contact city  New York
Contact country  United States
Fund Admin Group  Direxion Funds
Web Address  www.direxionfunds.com
Custodian  The Bank of New York Mellon
Phone  866-476-7523

Price

Last Price Date  2014-08-27
Pre-tax nav  35.40
Pre-tax offer  35.79
Pre-tax bid  4.95
Price change  $-0.39
Price change (percentage)  -1.09 %

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Ratings Disclaimer

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