DXKSX: Direxion Mthly 7-10 Yr Treasury Bear 2X

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DXKSX Direxion Mthly 7-10 Yr Treasury Bear 2X

  • Fund
  • DXKSX
  • Price as of: Oct 15, 2019
  • $25.34 + $0.11 + 0.42%

DXKSX - Profile

Vitals

  • YTD Return -13.6%
  • 3 Yr Annualized Return -3.5%
  • 5 Yr Annualized Return -7.7%
  • Net Assets $2.42 M
  • Holdings in Top 10 171.2%

52 WEEK LOW AND HIGH

$25.34
$24.17
$32.08

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.30%

SALES FEES

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

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$25,000

IRA

$25,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Trading--Inverse Debt

Distributions

  • YTD Total Return -13.6%
  • 3 Yr Annualized Total Return -3.5%
  • 5 Yr Annualized Total Return -7.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Direxion Monthly 7-10 Year Treasury Bear 2X Fund
  • Fund Family Name Direxion Funds
  • Inception Date May 17, 2004
  • Shares Outstanding 96946
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Paul Brigandi

Fund Description

The fund invests in swap agreements, futures contracts, short positions or other financial instruments that provide inverse or short leveraged exposure to the index equal to at least 80% of the fund's net assets (plus borrowing for investment purposes). The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than seven years and less than or equal to ten years. It is non-diversified.

DXKSX - Mutual Fund Categories

DXKSX - Performance

Return Ranking - Trailing

Period DXKSX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.6% -26.4% 43.4% 93.50%
1 Yr -20.3% -30.7% 22.4% 93.16%
3 Yr -3.5%* -19.7% 30.2% 82.98%
5 Yr -7.7%* -15.7% 25.0% 89.39%
10 Yr -10.3%* -16.1% 31.1% 86.05%

* Annualized


Return Ranking - Calendar

Period DXKSX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -33.5% 18.9% 16.50%
2017 -5.5% -30.7% 80.9% 90.53%
2016 -4.8% -51.7% 39.6% 72.22%
2015 -6.7% -34.5% 18.1% 83.78%
2014 N/A -30.8% 36.2% N/A

Total Return Ranking - Trailing

Period DXKSX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.6% -26.4% 43.4% 93.50%
1 Yr -20.3% -30.7% 22.4% 93.16%
3 Yr -3.5%* -19.7% 30.2% 81.91%
5 Yr -7.7%* -15.7% 25.0% 89.39%
10 Yr -10.3%* -16.1% 31.1% 86.05%

* Annualized


Total Return Ranking - Calendar

Period DXKSX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% -33.5% 18.9% 16.50%
2017 -5.5% -30.7% 80.9% 90.53%
2016 -4.8% -51.7% 39.6% 82.22%
2015 -6.7% -34.5% 18.1% 91.89%
2014 N/A -30.8% 37.9% N/A

NAV & Total Return History

DXKSX - Holdings

Concentration Analysis

DXKSX Category Low Category High DXKSX % Rank
Net Assets 2.42 M 50.2 K 13.8 B 91.11%
Number of Holdings 4 3 2803 93.64%
Net Assets in Top 10 -5.05 M -6.29 B 2.85 B 74.55%
Weighting of Top 10 171.20% 0.0% 1763.8% 11.82%

Top 10 Holdings

  1. Ishares Barclays 7-10 Yr Tr Swap Credit Suisse 171.20%


Asset Allocation

Weighting Return Low Return High DXKSX % Rank
Cash
271.20% 0.56% 1864.05% 3.64%
Stocks
0.00% -112.19% 78.54% 85.45%
Preferred Stocks
0.00% 0.00% 7.33% 87.27%
Convertible Bonds
0.00% 0.00% 43.43% 86.36%
Bonds
0.00% -1826.91% 74.96% 82.73%
Other
-171.20% -171.20% 94.35% 100.00%

DXKSX - Expenses

Operational Fees

DXKSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.30% 0.63% 14.14% 45.38%
Management Fee 0.75% 0.32% 1.90% 32.59%
12b-1 Fee 0.25% 0.00% 1.00% 53.85%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

DXKSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DXKSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

DXKSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 1298.00% 9.57%

DXKSX - Distributions

Dividend Yield Analysis

DXKSX Category Low Category High DXKSX % Rank
Dividend Yield 0.00% 0.00% 1.80% 91.85%

Dividend Distribution Analysis

DXKSX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DXKSX Category Low Category High DXKSX % Rank
Net Income Ratio -0.07% -1.92% 3.69% 72.27%

Capital Gain Distribution Analysis

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

DXKSX - Managers

Paul Brigandi

Manager

Start Date

Tenure

Tenure Rank

May 17, 2004

15.38

15.4%

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.


Tony Ng

Manager

Start Date

Tenure

Tenure Rank

Apr 30, 2006

13.43

13.4%

Mr. 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.


Tenure Analysis

Category Low

0.14

Category High

38.77

Category Average

4.06

Category Mode

0.91