DXHYX: Direxion Monthly High Yield Bull 1.2X Fund - MutualFunds.com
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Direxion Monthly High Yld Bull 1.2X Inv

DXHYX - Snapshot

Vitals

  • YTD Return 0.7%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 5.3%
  • Net Assets $76.6 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$21.39
$18.50
$21.49

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

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

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $25,000
  • IRA $25,000

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Trading--Leveraged Debt

Compare DXHYX to Popular Leveraged Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$23.89

-1.44%

$190.31 M

0.06%

$0.02

-32.01%

0.98%

$21.40

+0.08%

$76.64 M

2.85%

$0.61

0.70%

1.40%

$39.43

-0.68%

$59.24 M

0.69%

$0.27

-16.21%

1.07%

$76.07

+0.19%

$30.31 M

-

$1.95

2.64%

2.86%

$48.29

-0.96%

$22.70 M

-

$0.00

-22.06%

1.17%

DXHYX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.39%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    3584454
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Tony Ng

Fund Description

The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, ETFs that track the index and other financial instruments that provide monthly exposure to the index or ETFs that track the index. 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. It is non-diversified.


DXHYX - Performance

Return Ranking - Trailing

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -32.0% 2.6% 13.33%
1 Yr 16.5% -44.4% 28.5% 23.53%
3 Yr 4.2%* 4.2% 12.9% 100.00%
5 Yr 5.3%* 1.3% 10.2% 23.53%
10 Yr N/A* 4.9% 11.2% N/A

* Annualized

Return Ranking - Calendar

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
2020 -4.7% -34.2% 36.0% 66.67%
2019 1.6% 1.6% 33.4% 100.00%
2018 -8.2% -100.0% -0.4% 76.47%
2017 2.0% -1.3% 22.2% 88.24%
2016 N/A -75.6% 26.1% N/A

Total Return Ranking - Trailing

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -32.0% 2.6% 13.33%
1 Yr 16.5% -44.4% 28.5% 23.53%
3 Yr 4.2%* 4.2% 12.9% 100.00%
5 Yr 5.3%* 1.3% 10.2% 23.53%
10 Yr N/A* 4.9% 11.2% N/A

* Annualized

Total Return Ranking - Calendar

Period DXHYX Return Category Return Low Category Return High Rank in Category (%)
2020 -4.7% -17.5% 36.0% 73.33%
2019 9.3% 4.0% 33.4% 93.33%
2018 -3.8% -100.0% -0.4% 23.53%
2017 5.1% -1.3% 22.2% 70.59%
2016 N/A -6.0% 26.1% N/A

NAV & Total Return History


DXHYX - Holdings

Concentration Analysis

DXHYX Category Low Category High DXHYX % Rank
Net Assets 76.6 M 763 K 190 M 11.76%
Number of Holdings 7 4 49 85.71%
Net Assets in Top 10 83 M 2.73 M 189 M 14.29%
Weighting of Top 10 N/A 21.0% 53.2% 2.84%

Top 10 Holdings

  1. 197103Hyscs12102021 43.52%
  2. 197103Hyscs12102021 43.52%
  3. 197103Hyscs12102021 43.52%
  4. 197103Hyscs12102021 43.52%
  5. SPDR® Blmbg Barclays High Yield Bd ETF 43.40%
  6. iShares iBoxx $ High Yield Corp Bd ETF 43.22%
  7. 197103hyscs12102020 40.08%
  8. 197103hyscs12102020 40.08%
  9. 197103hyscs12102020 40.08%
  10. 197103hyscs12102020 40.08%

Asset Allocation

Weighting Return Low Return High DXHYX % Rank
Bonds
84.51% 0.00% 84.51% 7.14%
Other
43.52% 0.00% 164.77% 42.86%
Convertible Bonds
1.67% 0.00% 13.46% 21.43%
Stocks
0.03% -17.30% 199.94% 28.57%
Preferred Stocks
0.03% 0.00% 0.03% 7.14%
Cash
-29.75% -104.91% 86.42% 71.43%

Stock Sector Breakdown

Weighting Return Low Return High DXHYX % Rank
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% 20.00%
Financial Services
0.00% 0.00% 0.00% 100.00%
Energy
0.00% 100.00% 100.00% 100.00%
Communication Services
0.00% 0.00% 0.00% 20.00%
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
0.03% -17.30% 199.94% 28.57%
Non US
0.00% 0.00% 0.00% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High DXHYX % Rank
Corporate
77.27% 0.00% 77.27% 7.14%
Cash & Equivalents
22.73% 20.30% 100.00% 71.43%
Derivative
0.00% 0.00% 0.05% 100.00%
Securitized
0.00% 0.00% 4.15% 100.00%
Municipal
0.00% 0.00% 0.20% 100.00%
Government
0.00% 0.00% 74.30% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High DXHYX % Rank
US
73.53% 0.00% 76.12% 14.29%
Non US
10.98% 0.00% 10.98% 7.14%

DXHYX - Expenses

Operational Fees

DXHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.98% 2.86% 50.00%
Management Fee 0.75% 0.50% 0.75% 94.12%
12b-1 Fee 0.25% 0.00% 1.00% 80.00%
Administrative Fee N/A 0.05% 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 0.00% 392.00% 99.68%

DXHYX - Distributions

Dividend Yield Analysis

DXHYX Category Low Category High DXHYX % Rank
Dividend Yield 0.00% 0.00% 0.30% 94.12%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DXHYX Category Low Category High DXHYX % Rank
Net Income Ratio 4.39% -0.91% 4.39% 7.14%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

DXHYX - Fund Manager Analysis

Managers

Tony Ng


Start Date

Tenure

Tenure Rank

Feb 17, 2016

5.2

5.2%

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

5.2

5.2%

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
2.07 27.34 10.97 2.07