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Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DIREXION MONTHLY HIGH YIELD BULL 1.2X FUND

DXHYX | Fund

$17.45

$43.7 M

4.12%

$0.72

2.06%

Vitals

YTD Return

6.4%

1 yr return

6.3%

3 Yr Avg Return

0.5%

5 Yr Avg Return

1.4%

Net Assets

$43.7 M

Holdings in Top 10

91.3%

52 WEEK LOW AND HIGH

$17.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.06%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$25,000

IRA

$25,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

DIREXION MONTHLY HIGH YIELD BULL 1.2X FUND

DXHYX | Fund

$17.45

$43.7 M

4.12%

$0.72

2.06%

DXHYX - Profile

Distributions

  • YTD Total Return 6.4%
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.00%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DIREXION MONTHLY HIGH YIELD BULL 1.2X FUND
  • Fund Family Name
    Direxion Funds
  • Inception Date
    Feb 17, 2016
  • Shares Outstanding
    3395809
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Tony Ng

Fund Description

The Index is a rules-based systematic strategy index calculated in U.S. Dollars that provides exposure to an equal weighted portfolio of three high yield ETFs: the SPDR Bloomberg High Yield Bond ETF (“JNK”), the iShares iBoxx $ High Yield Corporate Bond ETF (“HYG”) and the PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund(“HYS”) (collectively, the “Underlying ETFs”).•JNK seeks to track the performance of the Bloomberg High Yield Very Liquid Index (the “Bloomberg Index”). The Bloomberg Index attempts to measure the performance of publicly issued U.S. dollar-denominated high yield corporate bonds with above average liquidity.•HYG seeks to track the performance of the Markit IBoxx® USD Liquid High Yield Index (the “Markit Index”). The Markit Index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the United States. iShares® is a registered trademark of BlackRock, Inc. or its subsidiaries (“BlackRock”). Neither BlackRock nor the iShares® Funds make any representations regarding the advisability of investing in iShares iBoxx $ High Yield Corporate Bond ETF.•HYS seeks to track the performance of the ICE BofAML 0-5 Year US High Yield Constrained Index (the “BofAML Index”). The BofAML Index is an unmanaged index comprised of U.S. dollar-denominated below-investment grade corporate debt securities publicly issued in the U.S domestic market with remaining maturities of less than 5 years. None of Pacific Investment Management Company LLC, PIMCO Investments LLC, PIMCO ETF Trust, or the PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund make any representations regarding the advisability of investing in the Fund.The Index is adjusted on a monthly basis, on the last trading day of each month (“Adjustment Day”), to an equal weight allocation of each of the Underlying ETFs. However, the Index may be adjusted between two Adjustment Days as the result of an extraordinary event, such as the removal and replacement of an Index member.High yield debt instruments and below investment grade debt instruments, or “junk bonds,” are generally rated lower than Baa by Moody’s Investors Service®, Inc. or lower than BBB by Standard & Poor’s Rating Service, Inc.The components of the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated.The Fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the Index, exchange-traded funds ("ETFs") that track the Index and other financial instruments that provide monthly leveraged exposure to the Index or to ETFs that track the Index, which, in combination, provide returns consistent with the Fund’s investment objective. The financial instruments in which the Fund most commonly invests are swap agreements which are intended to produce economically leveraged investment results.The Fund may invest in the Underlying ETFs or other ETFs that track the same index or a substantially similar index as an Underlying ETF, utilize derivatives such as swaps on the Index, swaps on the Underlying ETFs or other ETFs that track the same or substantially similar indexes as the Underlying ETFs to obtain leveraged exposure to the securities or a representative sample of the securities in the Index that have aggregate characteristics similar to those of the Index. On a day-to-day basis, the Fund is expected to hold money market funds, deposit accounts with institutions with high quality credit ratings, and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. The Fund seeks to remain fully invested at all times consistent with its stated investment objective.Because a significant portion of the assets of the Fund may come from investors using “asset allocation” and “market timing” investment strategies, the Fund may engage in frequent trading.The Fund is “non-diversified,” meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities. Additionally, the Fund’s investment objective is not a fundamental policy and may be changed by the Fund’s Board of Trustees without shareholder approval.
Read More

DXHYX - Performance

Return Ranking - Trailing

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -33.5% 9.4% 15.38%
1 Yr 6.3% -32.8% 9.2% 15.38%
3 Yr 0.5%* -46.5% 0.5% 7.69%
5 Yr 1.4%* -29.7% 2.3% 15.38%
10 Yr N/A* -14.1% 5.2% N/A

* Annualized

Return Ranking - Calendar

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
2023 4.1% -15.2% 12.8% 15.38%
2022 -22.9% -72.9% -22.9% 7.69%
2021 0.9% -19.9% 6.3% 15.38%
2020 -4.7% -17.5% 36.0% 69.23%
2019 1.6% 1.6% 33.4% 100.00%

Total Return Ranking - Trailing

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -33.5% 9.4% 15.38%
1 Yr 6.3% -32.8% 9.2% 15.38%
3 Yr 0.5%* -46.5% 0.5% 7.69%
5 Yr 1.4%* -29.7% 2.3% 15.38%
10 Yr N/A* -14.1% 5.2% N/A

* Annualized

Total Return Ranking - Calendar

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -13.0% 17.7% 15.38%
2022 -14.0% -72.6% -14.0% 7.69%
2021 3.0% -19.8% 7.0% 15.38%
2020 2.2% 2.2% 39.0% 100.00%
2019 12.6% 11.7% 34.7% 92.31%

NAV & Total Return History

DXHYX - Holdings

Concentration Analysis

DXHYX Category Low Category High DXHYX % Rank
Net Assets 43.7 M 6.94 M 6.78 B 30.77%
Number of Holdings 4 4 14 100.00%
Net Assets in Top 10 45.7 M 7.66 M 6.35 B 38.46%
Weighting of Top 10 91.32% 83.9% 105.0% 84.62%

Top 10 Holdings

  1. SPDR Bloomberg High Yield Bond ETF 39.89%
  2. iShares iBoxx High Yield Corporate Bond ETF 39.88%
  3. Invesco Government Agency Portfolio 10.23%
  4. 197103HYSUBS10102024 1.32%

Asset Allocation

Weighting Return Low Return High DXHYX % Rank
Stocks 		79.77% 0.00% 79.77% 7.69%
Cash 		18.91% 0.00% 34.02% 46.15%
Other 		1.32% 1.32% 100.06% 100.00%
Convertible Bonds 		0.58% 0.00% 0.58% 7.69%
Preferred Stocks 		0.00% 0.00% 0.00% 61.54%
Bonds 		0.00% 0.00% 75.55% 76.92%

Stock Sector Breakdown

Weighting Return Low Return High DXHYX % Rank
Energy 		100.00% 100.00% 100.00% 100.00%
Utilities 		0.00% 0.00% 0.00% 100.00%
Technology 		0.00% 0.00% 0.00% 100.00%
Real Estate 		0.00% 0.00% 0.00% 100.00%
Industrials 		0.00% 0.00% 0.00% 100.00%
Healthcare 		0.00% 0.00% 0.00% 100.00%
Financial Services 		0.00% 0.00% 0.00% 100.00%
Communication Services 		0.00% 0.00% 0.00% 100.00%
Consumer Defense 		0.00% 0.00% 0.00% 100.00%
Consumer Cyclical 		0.00% 0.00% 0.00% 100.00%
Basic Materials 		0.00% 0.00% 0.00% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High DXHYX % Rank
US 		79.77% 0.00% 79.77% 7.69%
Non US 		0.00% 0.00% 0.00% 61.54%

DXHYX - Expenses

Operational Fees

DXHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.06% 1.00% 2.95% 23.08%
Management Fee 0.75% 0.50% 0.75% 76.92%
12b-1 Fee 0.25% 0.00% 1.00% 66.67%
Administrative Fee N/A 0.20% 0.20% N/A

Sales Fees

DXHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

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.

DXHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 12.00% 12.00% 99.68%

DXHYX - Distributions

Dividend Yield Analysis

DXHYX Category Low Category High DXHYX % Rank
Dividend Yield 4.12% 1.11% 4.84% 15.38%

Dividend Distribution Analysis

DXHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

DXHYX Category Low Category High DXHYX % Rank
Net Income Ratio 2.00% -2.17% 2.00% 7.69%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DXHYX - Fund Manager Analysis

Managers

Tony Ng

Start Date

Tenure

Tenure Rank

Feb 17, 2016

6.29

6.3%

Tony Ng is a Portfolio Manager and joined Rafferty Asset Management in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004. Mr. Ng graduated from State University at Buffalo in 1998.

Paul Brigandi

Start Date

Tenure

Tenure Rank

Feb 17, 2016

6.29

6.3%

Paul Brigandi, the Fund’s Portfolio Manager, is primarily responsible for the day-to-day management of the Fund. An investment trading team of Rafferty employees assists Mr. Brigandi in the day-to-day management of the Fund subject to his primary responsibility and oversight. The Portfolio Manager works with the investment trading team to decide the target allocation of the Fund’s investments and on a day-to-day basis, an individual portfolio trader executes transactions for the Fund consistent with its target allocation. The members of the investment trading team rotate among the various series of the Trust, including the Fund periodically so that no single individual is assigned to a specific Fund for extended periods of time. Mr. Brigandi has been a Portfolio Manager at Rafferty since June 2004. Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. Mr. Brigandi is a 2002 graduate of Fordham University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.21 28.42 13.95 14.22

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