DXQLX: Direxion Mthly NASDAQ-100 Bull 2X Inv

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DXQLX Direxion Mthly NASDAQ-100 Bull 2X Inv


Profile

DXQLX - Profile

Vitals

  • YTD Return 51.7%
  • 3 Yr Annualized Return 35.6%
  • 5 Yr Annualized Return 31.0%
  • Net Assets $280 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$48.22
$19.23
$48.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.69%

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 51.7%
  • 3 Yr Annualized Total Return 41.0%
  • 5 Yr Annualized Total Return 34.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Direxion Monthly NASDAQ-100 Bull 2X Fund Investor Class
  • Fund Family Name
    Direxion Funds
  • Inception Date
    May 01, 2006
  • Shares Outstanding
    6846871
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Tony Ng

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 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

DXQLX - Performance

Return Ranking - Trailing

Period DXQLX Return Category Return Low Category Return High Rank in Category (%)
YTD 51.7% -86.4% 100.6% 4.46%
1 Yr 92.8% -88.5% 92.8% 0.37%
3 Yr 35.6%* -56.0% 35.6% 0.48%
5 Yr 31.0%* -44.8% 31.0% 0.63%
10 Yr 34.8%* -12.6% 34.8% 1.89%

* Annualized

Return Ranking - Calendar

Period DXQLX Return Category Return Low Category Return High Rank in Category (%)
2019 71.9% -24.2% 71.9% 0.39%
2018 -13.2% -35.0% 12.7% 53.46%
2017 59.5% -25.3% 59.5% 0.51%
2016 9.9% -15.5% 42.5% 39.56%
2015 11.8% -65.1% 11.8% 0.67%

Total Return Ranking - Trailing

Period DXQLX Return Category Return Low Category Return High Rank in Category (%)
YTD 51.7% -86.4% 100.6% 4.46%
1 Yr 92.8% -88.5% 92.8% 0.37%
3 Yr 41.0%* -56.0% 41.0% 0.48%
5 Yr 34.1%* -44.8% 34.1% 0.63%
10 Yr 36.6%* -6.3% 36.6% 1.89%

* Annualized

Total Return Ranking - Calendar

Period DXQLX Return Category Return Low Category Return High Rank in Category (%)
2019 71.9% -22.9% 71.9% 0.39%
2018 -7.7% -31.5% 12.7% 33.64%
2017 68.6% -25.3% 68.6% 0.51%
2016 9.9% -15.5% 42.5% 51.65%
2015 11.8% -65.1% 11.8% 0.67%

NAV & Total Return History


Holdings

DXQLX - Holdings

Concentration Analysis

DXQLX Category Low Category High DXQLX % Rank
Net Assets 280 M 105 K 8.41 B 30.15%
Number of Holdings 7 5 1562 94.12%
Net Assets in Top 10 456 M -225 M 2.73 B 16.54%
Weighting of Top 10 N/A 16.4% 238.7% 4.01%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High DXQLX % Rank
Stocks
152.24% 80.60% 325.56% 5.51%
Preferred Stocks
0.00% -0.29% 7.00% 23.90%
Other
0.00% -52.75% 85.39% 27.57%
Convertible Bonds
0.00% 0.00% 4.97% 21.69%
Bonds
0.00% -43.96% 56.94% 25.37%
Cash
-52.24% -225.56% 20.91% 93.01%

Stock Sector Breakdown

Weighting Return Low Return High DXQLX % Rank
Utilities
0.00% 0.00% 48.22% N/A
Technology
0.00% 0.00% 53.21% 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% 23.50% N/A
Consumer Cyclical
0.00% 0.00% 36.79% N/A
Basic Materials
0.00% 0.00% 16.01% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DXQLX % Rank
US
148.40% 80.06% 325.56% 5.51%
Non US
3.84% -5.02% 39.88% 29.78%

Expenses

DXQLX - Expenses

Operational Fees

DXQLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.69% 0.37% 37.17% 58.05%
Management Fee 0.75% 0.00% 2.64% 16.54%
12b-1 Fee 0.25% 0.00% 1.00% 29.49%
Administrative Fee N/A 0.05% 0.45% 0.63%

Sales Fees

DXQLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DXQLX 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.

DXQLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 5191.00% 1.62%

Distributions

DXQLX - Distributions

Dividend Yield Analysis

DXQLX Category Low Category High DXQLX % Rank
Dividend Yield 0.00% 0.00% 23.10% 25.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DXQLX Category Low Category High DXQLX % Rank
Net Income Ratio 0.59% -3.05% 6.50% 44.61%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

DXQLX - Fund Manager Analysis

Managers

Tony Ng


Start Date

Tenure

Tenure Rank

May 01, 2006

14.18

14.2%

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

May 01, 2006

14.18

14.2%

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
0.16 33.36 5.83 10.26