DXNLX: Direxion Monthly NASDAQ-100® Bll 1.25X

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DXNLX Direxion Monthly NASDAQ-100® Bll 1.25X


Profile

DXNLX - Profile

Vitals

  • YTD Return 25.8%
  • 3 Yr Annualized Return 19.9%
  • 5 Yr Annualized Return N/A
  • Net Assets $29.6 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$47.56
$26.68
$48.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.62%

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 Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Trading--Leveraged Equity

Distributions

  • YTD Total Return 25.8%
  • 3 Yr Annualized Total Return 25.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Direxion Monthly NASDAQ-100® Bull 1.25X Fund
  • Fund Family Name
    Direxion Funds
  • Inception Date
    Mar 31, 2016
  • Shares Outstanding
    639930
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Brigandi

Fund Description

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 exposure to the index or to ETFs that track the index. The index includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market® based on market capitalization. The fund is non-diversified.


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Categories

Performance

DXNLX - Performance

Return Ranking - Trailing

Period DXNLX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.8% -85.4% 115.1% 5.84%
1 Yr 45.5% -86.1% 100.6% 4.74%
3 Yr 19.9%* -53.4% 37.5% 0.95%
5 Yr N/A* -43.3% 32.0% N/A
10 Yr N/A* -11.6% 36.4% N/A

* Annualized

Return Ranking - Calendar

Period DXNLX Return Category Return Low Category Return High Rank in Category (%)
2019 46.3% -24.2% 71.9% 1.15%
2018 -9.9% -35.0% 12.7% 31.53%
2017 29.3% -25.3% 59.5% 1.49%
2016 N/A -15.5% 42.5% N/A
2015 N/A -65.1% 11.8% N/A

Total Return Ranking - Trailing

Period DXNLX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.8% -85.4% 115.1% 5.84%
1 Yr 45.5% -86.1% 100.6% 4.74%
3 Yr 25.7%* -53.4% 43.0% 0.95%
5 Yr N/A* -43.3% 35.1% N/A
10 Yr N/A* -6.4% 38.2% N/A

* Annualized

Total Return Ranking - Calendar

Period DXNLX Return Category Return Low Category Return High Rank in Category (%)
2019 46.3% -22.9% 71.9% 1.15%
2018 -3.4% -31.5% 12.7% 14.86%
2017 39.0% -25.3% 68.6% 1.49%
2016 N/A -15.5% 42.5% N/A
2015 N/A -65.1% 11.8% N/A

NAV & Total Return History


Holdings

DXNLX - Holdings

Concentration Analysis

DXNLX Category Low Category High DXNLX % Rank
Net Assets 29.6 M 105 K 9.69 B 71.94%
Number of Holdings 6 5 1562 94.96%
Net Assets in Top 10 15.2 M -225 M 2.73 B 67.27%
Weighting of Top 10 N/A 16.4% 238.7% 7.74%

Top 10 Holdings

  1. 197104NDXCS12112020 119.67%
  2. Invesco QQQ Trust 0.17%

Asset Allocation

Weighting Return Low Return High DXNLX % Rank
Stocks
119.83% 81.37% 325.56% 11.87%
Preferred Stocks
0.00% -0.29% 7.00% 26.26%
Other
0.00% -52.75% 85.39% 22.30%
Convertible Bonds
0.00% 0.00% 4.97% 23.02%
Bonds
0.00% -43.96% 56.94% 33.81%
Cash
-19.83% -225.56% 20.91% 85.97%

Stock Sector Breakdown

Weighting Return Low Return High DXNLX % Rank
Utilities
0.00% 0.00% 48.22% N/A
Technology
0.00% 0.00% 52.10% N/A
Real Estate
0.00% 0.00% 97.46% N/A
Industrials
0.00% 0.00% 46.89% N/A
Healthcare
0.00% 0.00% 98.52% N/A
Financial Services
0.00% 0.00% 46.18% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 24.63% N/A
Consumer Defense
0.00% 0.00% 72.02% N/A
Consumer Cyclical
0.00% 0.00% 36.54% N/A
Basic Materials
0.00% 0.00% 16.01% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DXNLX % Rank
US
116.81% 80.06% 325.56% 12.59%
Non US
3.02% -5.02% 39.88% 31.65%

Expenses

DXNLX - Expenses

Operational Fees

DXNLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.37% 37.17% 62.50%
Management Fee 0.75% 0.00% 2.64% 19.42%
12b-1 Fee 0.25% 0.00% 1.00% 31.48%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

DXNLX 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

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

DXNLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 5191.00% 2.02%

Distributions

DXNLX - Distributions

Dividend Yield Analysis

DXNLX Category Low Category High DXNLX % Rank
Dividend Yield 0.00% 0.00% 23.00% 26.26%

Dividend Distribution Analysis

DXNLX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

DXNLX Category Low Category High DXNLX % Rank
Net Income Ratio 1.03% -3.05% 6.50% 30.29%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DXNLX - Fund Manager Analysis

Managers

Paul Brigandi


Start Date

Tenure

Tenure Rank

Mar 31, 2016

4.34

4.3%

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.

Tony Ng


Start Date

Tenure

Tenure Rank

Mar 31, 2016

4.34

4.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 31.99 5.95 10.34