Direxion Monthly NASDAQ-100® Bull 1.75X Fund
Name
As of 11/19/2024Price
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
Vitals
YTD Return
36.2%
1 yr return
48.8%
3 Yr Avg Return
3.4%
5 Yr Avg Return
31.6%
Net Assets
$453 M
Holdings in Top 10
76.4%
52 WEEK LOW AND HIGH
$88.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.50%
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 11/19/2024Price
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
DXQLX - Profile
Distributions
- YTD Total Return 36.2%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 31.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.29%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameDirexion Monthly NASDAQ-100® Bull 1.75X Fund
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Fund Family NameDirexion Funds
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Inception DateMay 01, 2006
-
Shares Outstanding6669007
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Share ClassInvestor
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CurrencyUSD
-
Domiciled CountryUS
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ManagerTony Ng
Fund Description
The Index is a modified market capitalization-weighted index and includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market® based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, communication services, retail/wholesale trade and biotechnology. It does not contain securities of financial companies or investment companies. Each security must have been traded for at least three full months and have a minimum three-month average daily trading volume of 200,000 shares. The Index is reviewed on an annual basis in December.As of October 31, 2023, the Index consisted of 101 securities and had an average market capitalization of $187.7 billion, median market capitalization of $53.5 billion, total market capitalizations ranging from $9.4 billion to $2.7 trillion and were concentrated in the information technologyand communication services sectors.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 securities of the Index, an ETF that tracks the Index, or utilize derivatives such as swaps on the Index, swaps on an ETF that tracks the Index or a substantially similar index as the Fund, or futures contracts 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. The Fund will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease of the value of the securities in 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.
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DXQLX - Performance
Return Ranking - Trailing
| Period | DXQLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 36.2% | -68.8% | 145.1% | 31.65% |
| 1 Yr | 48.8% | -58.2% | 183.6% | 43.67% |
| 3 Yr | 3.4%* | -52.4% | 39.1% | 39.87% |
| 5 Yr | 31.6%* | -39.5% | 58.7% | 6.33% |
| 10 Yr | 28.3%* | -37.6% | 43.8% | 6.52% |
* Annualized
Return Ranking - Calendar
| Period | DXQLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 97.6% | -56.9% | 257.9% | 13.29% |
| 2022 | -57.7% | -91.0% | 124.5% | 80.38% |
| 2021 | 39.2% | -79.4% | 168.2% | 37.97% |
| 2020 | 79.4% | -97.4% | 132.6% | 5.70% |
| 2019 | 71.9% | -53.1% | 229.8% | 17.95% |
Total Return Ranking - Trailing
| Period | DXQLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 36.2% | -68.8% | 145.1% | 31.65% |
| 1 Yr | 48.8% | -58.2% | 183.6% | 43.67% |
| 3 Yr | 3.4%* | -52.4% | 39.1% | 39.87% |
| 5 Yr | 31.6%* | -39.5% | 58.7% | 6.33% |
| 10 Yr | 28.3%* | -37.6% | 43.8% | 6.52% |
* Annualized
Total Return Ranking - Calendar
| Period | DXQLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 97.6% | -55.8% | 259.6% | 13.29% |
| 2022 | -57.7% | -91.0% | 130.7% | 80.38% |
| 2021 | 55.6% | -79.4% | 168.2% | 25.95% |
| 2020 | 101.0% | -97.4% | 132.6% | 2.53% |
| 2019 | 79.4% | -52.7% | 231.9% | 16.67% |
NAV & Total Return History
DXQLX - Holdings
Concentration Analysis
| DXQLX | Category Low | Category High | DXQLX % Rank | |
|---|---|---|---|---|
| Net Assets | 453 M | 1.5 M | 22.2 B | 17.96% |
| Number of Holdings | 5 | 5 | 2009 | 97.53% |
| Net Assets in Top 10 | 341 M | 1.08 M | 9.23 B | 17.90% |
| Weighting of Top 10 | 76.35% | 13.9% | 185.3% | 26.54% |
Top 10 Holdings
- Invesco QQQ Trust Series 1 56.57%
- Goldman Sachs Financial Square Funds - Treasury Instruments Fund 14.88%
- 197052NDXUBS12172024 7.25%
- Invesco Government Agency Portfolio 0.37%
- 197052NDXML12112024 -2.71%
Asset Allocation
| Weighting | Return Low | Return High | DXQLX % Rank | |
|---|---|---|---|---|
| Stocks | 56.57% | 0.00% | 375.12% | 71.60% |
| Cash | 38.90% | 0.00% | 104.72% | 11.73% |
| Other | 4.53% | -7.39% | 99.69% | 87.04% |
| Preferred Stocks | 0.00% | 0.00% | 1.99% | 31.48% |
| Convertible Bonds | 0.00% | 0.00% | 0.32% | 41.36% |
| Bonds | 0.00% | 0.00% | 37.59% | 48.15% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DXQLX % Rank | |
|---|---|---|---|---|
| Technology | 48.89% | 0.00% | 100.00% | 6.40% |
| Communication Services | 17.61% | 0.00% | 100.00% | 15.20% |
| Consumer Cyclical | 16.11% | 0.00% | 94.15% | 24.00% |
| Healthcare | 6.05% | 0.00% | 100.00% | 47.20% |
| Consumer Defense | 5.50% | 0.00% | 52.46% | 28.00% |
| Industrials | 3.78% | 0.00% | 100.00% | 51.20% |
| Utilities | 1.05% | 0.00% | 100.00% | 39.20% |
| Financial Services | 1.00% | 0.00% | 100.00% | 58.40% |
| Real Estate | 0.00% | 0.00% | 100.00% | 54.40% |
| Energy | 0.00% | 0.00% | 100.00% | 64.80% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 68.80% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DXQLX % Rank | |
|---|---|---|---|---|
| US | 56.57% | 0.00% | 375.12% | 71.60% |
| Non US | 0.00% | 0.00% | 20.00% | 30.25% |
DXQLX - Expenses
Operational Fees
| DXQLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.50% | 0.68% | 5.63% | 65.82% |
| Management Fee | 0.75% | 0.00% | 0.95% | 30.54% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 51.97% |
| Administrative Fee | N/A | 0.03% | 0.25% | 0.63% |
Sales Fees
| DXQLX 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
| DXQLX 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.
| DXQLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 266.00% | 3.52% |
DXQLX - Distributions
Dividend Yield Analysis
| DXQLX | Category Low | Category High | DXQLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.34% | 0.00% | 18.26% | 58.08% |
Dividend Distribution Analysis
| DXQLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Annual |
Net Income Ratio Analysis
| DXQLX | Category Low | Category High | DXQLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.29% | -2.77% | 2.92% | 77.22% |
Capital Gain Distribution Analysis
| DXQLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 02, 2024 | $0.300 | OrdinaryDividend |
| Dec 10, 2021 | $9.336 | CapitalGainShortTerm |
| Dec 11, 2020 | $6.058 | CapitalGainShortTerm |
| Jan 02, 2020 | $0.160 | OrdinaryDividend |
| May 10, 2019 | $1.073 | CapitalGainShortTerm |
| Dec 13, 2018 | $1.363 | CapitalGainShortTerm |
| Dec 14, 2017 | $1.220 | CapitalGainShortTerm |
| Dec 16, 2014 | $0.126 | CapitalGainShortTerm |
| Nov 13, 2008 | $0.006 | CapitalGainShortTerm |
| Nov 13, 2008 | $0.046 | CapitalGainLongTerm |
| Nov 13, 2008 | $0.001 | OrdinaryDividend |
| Dec 19, 2007 | $0.156 | CapitalGainShortTerm |
| Dec 19, 2007 | $0.361 | CapitalGainLongTerm |
| Nov 28, 2007 | $0.282 | OrdinaryDividend |
| Dec 28, 2006 | $0.345 | CapitalGainLongTerm |
DXQLX - Fund Manager Analysis
Managers
Tony Ng
Start Date
Tenure
Tenure Rank
May 01, 2006
16.09
16.1%
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
May 01, 2006
16.09
16.1%
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 |
|---|---|---|---|
| 1.79 | 28.9 | 9.84 | 8.67 |