DXCBX: Direxion Indexed CVT Strategy

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DXCBX Direxion Indexed CVT Strategy

  • Fund
  • DXCBX
  • Price as of: N/A
  • N/A N/A N/A
  • Primary Category
  • N/A
  • Fund Company
  • N/A
  • Share Class

DXCBX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 9.2%
  • 5 Yr Annualized Return N/A
  • Net Assets $2.58 M
  • Holdings in Top 10 69.9%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.35%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 423.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 17, 2018

STANDARD (TAXABLE)

$25,000

IRA

$25,000

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Convertibles

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 9.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Direxion Indexed CVT Strategy Fund
  • Fund Family Name N/A
  • Inception Date Feb 05, 2014
  • Shares Outstanding 53133
  • Share Class Other
  • Currency USD
  • Domiciled Country United States

Fund Description

The fund invests at least 80% of its net assets, plus borrowing for investment purposes if any, in securities that comprise the index and/or financial instruments that provide exposure to the index. The index is a rules-based proprietary index that seeks to provide returns that correlate to and reflect the return of the aggregate U.S. convertible bond universe, excluding convertible preferred securities and Rule 144A securities that may be considered convertible bonds. It is non-diversified.

DXCBX - Mutual Fund Categories

DXCBX - Performance

Return Ranking - Trailing

Period DXCBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 5.1% 21.5% N/A
1 Yr 11.5% -9.8% 8.1% N/A
3 Yr 9.2%* -4.3% 9.3% N/A
5 Yr N/A* -4.6% 3.8% N/A
10 Yr N/A* 0.3% 8.1% N/A

* Annualized


Return Ranking - Calendar

Period DXCBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -15.3% -2.5% N/A
2017 N/A -7.8% 14.8% N/A
2016 N/A -2.1% 8.7% N/A
2015 N/A -17.9% 1.4% N/A
2014 N/A -6.8% 10.0% N/A

Total Return Ranking - Trailing

Period DXCBX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 5.1% 21.5% N/A
1 Yr 11.5% -9.7% 14.5% N/A
3 Yr 9.2%* -0.5% 15.1% N/A
5 Yr N/A* -1.9% 10.0% N/A
10 Yr N/A* 2.6% 17.4% N/A

* Annualized


Total Return Ranking - Calendar

Period DXCBX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -15.2% 4.5% N/A
2017 N/A 0.9% 18.3% N/A
2016 N/A -2.1% 20.1% N/A
2015 N/A -17.2% 6.2% N/A
2014 N/A -2.2% 23.8% N/A

NAV & Total Return History

DXCBX - Holdings

Concentration Analysis

DXCBX Category Low Category High DXCBX % Rank
Net Assets 2.58 M 45.7 M 7.62 B N/A
Number of Holdings 7 15 315 N/A
Net Assets in Top 10 2.83 M 22.8 M 1.08 B N/A
Weighting of Top 10 69.91% 15.5% 91.1% N/A

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corp Bd ETF 18.78%

  2. Ishares Russell 2000 Etf Tr Swap 18.32%

  3. Spdr S&P 500 Etf Trust Etf Tr Swap 13.47%

  4. Ishares Iboxx Inv Gr Corp Bd Tr Swap Credit Suisse 10.49%

  5. Ishares 3-7 Year Treasury Bo Etf Tr Swap 8.86%


Asset Allocation

Weighting Return Low Return High DXCBX % Rank
Other
51.16% 0.00% 4.79% N/A
Cash
30.40% 0.00% 10.26% N/A
Bonds
18.39% 0.00% 67.73% N/A
Convertible Bonds
0.03% 1.11% 98.86% N/A
Stocks
0.01% 0.00% 29.89% N/A
Preferred Stocks
0.01% 0.00% 81.38% N/A

Bond Sector Breakdown

Weighting Return Low Return High DXCBX % Rank
Cash & Equivalents
30.01% 0.00% 9.96% N/A
Corporate
18.82% 11.08% 99.76% N/A
Derivative
0.00% 0.00% 1.99% N/A
Securitized
0.00% 0.00% 59.40% N/A
Municipal
0.00% 0.00% 0.00% N/A
Government
0.00% 0.00% 1.83% N/A

Bond Geographic Breakdown

Weighting Return Low Return High DXCBX % Rank
US
15.63% 0.00% 63.67% N/A
Non US
2.76% 0.00% 22.35% N/A

DXCBX - Expenses

Operational Fees

DXCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.46% 4.01% N/A
Management Fee 0.75% 0.26% 1.15% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

DXCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DXCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DXCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 423.00% 7.00% 213.00% N/A

DXCBX - Distributions

Dividend Yield Analysis

DXCBX Category Low Category High DXCBX % Rank
Dividend Yield 0.02% 0.00% 0.07% N/A

Dividend Distribution Analysis

DXCBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

DXCBX Category Low Category High DXCBX % Rank
Net Income Ratio 0.86% -0.03% 5.51% N/A

Capital Gain Distribution Analysis

DXCBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

DXCBX - Managers

Tenure Analysis

Category Low

N/A

Category High

N/A

Category Average

N/A

Category Mode

N/A