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Trending ETFs

Direxion Daily Mid Cap Bull 3X Shares

etf
MIDU
Dividend policy
Active
Price as of:
$50.77 +3.28 +0%
primary theme
Leveraged Equity
MIDU (ETF)

Direxion Daily Mid Cap Bull 3X Shares

Dividend policy
Active
Price as of:
$50.77 +3.28 +0%
primary theme
Leveraged Equity
MIDU (ETF)
Direxion Daily Mid Cap Bull 3X Shares
Dividend policy
Active
Price as of:
$50.77 +3.28 +0%
primary theme
Leveraged Equity

MIDU - Snapshot

Vitals

  • YTD Return 26.0%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 24.6%
  • Net Assets $80.3 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$47.49
$7.53
$55.36

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

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

BROKERAGE FEES

  • Turnover 91.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme Leveraged Equity
  • Fund Type Exchange Traded Fund
  • Investment Style Trading--Leveraged Equity

Compare MIDU to Popular Leveraged Equity Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$91.01

+1.44%

$1.51 M

5.08%

$4.55

blocked
blocked
blocked

0.45%

1.80%

Compare MIDU to Popular Leveraged Equity ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$83.76

+4.48%

$10.30 B

0.00%

$0.00

blocked
blocked
blocked

-53.93%

0.98%

$32.75

+9.24%

$3.56 B

0.05%

$0.01

blocked
blocked
blocked

-92.98%

1.06%

$95.47

+3.66%

$3.01 B

0.20%

$0.18

blocked
blocked
blocked

4.51%

0.91%

$87.00

+5.53%

$2.51 B

0.35%

$0.29

blocked
blocked
blocked

43.09%

1.03%

$87.01

+6.02%

$1.78 B

0.03%

$0.02

blocked
blocked
blocked

31.20%

1.01%

MIDU - Profile

Distributions

  • YTD Total Return 26.0%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 24.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.25%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Direxion Daily Mid Cap Bull 3X Shares
  • Fund Family Name
    Direxion Funds
  • Inception Date
    Jan 08, 2009
  • Shares Outstanding
    1600132
  • Share Class
    N/A
  • 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 financial instruments, such as swap agreements, securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index measures the performance of 400 mid-sized companies in the United States. The fund is non-diversified.


MIDU - Performance

Return Ranking - Trailing

Period MIDU Return Category Return Low Category Return High Rank in Category (%)
YTD 26.0% -93.0% 179.4% 10.86%
1 Yr 52.8% -87.6% 386.3% 45.05%
3 Yr 5.8%* -79.3% 77.9% 66.86%
5 Yr 24.6%* -58.7% 94.5% 39.51%
10 Yr 18.9%* -51.4% 47.7% 31.39%

* Annualized

Return Ranking - Calendar

Period MIDU Return Category Return Low Category Return High Rank in Category (%)
2020 -18.4% -77.6% 1505.0% 83.24%
2019 76.0% -58.1% 806.3% 15.57%
2018 -39.6% -78.0% 36.9% 79.88%
2017 42.9% -70.1% 314.9% 38.65%
2016 56.1% -82.0% 1431.2% 11.88%

Total Return Ranking - Trailing

Period MIDU Return Category Return Low Category Return High Rank in Category (%)
YTD 26.0% -93.0% 179.4% 10.86%
1 Yr 52.8% -87.6% 386.3% 45.05%
3 Yr 5.8%* -79.3% 77.9% 66.86%
5 Yr 24.6%* -58.7% 94.5% 38.89%
10 Yr 18.9%* -51.4% 47.7% 31.39%

* Annualized

Total Return Ranking - Calendar

Period MIDU Return Category Return Low Category Return High Rank in Category (%)
2020 -18.4% -97.4% 379.3% 79.19%
2019 76.0% -58.1% 229.8% 14.97%
2018 -39.6% -74.3% 36.9% 84.62%
2017 42.9% -40.2% 263.7% 41.72%
2016 56.1% -62.9% 167.0% 11.25%

MIDU - Holdings

Concentration Analysis

MIDU Category Low Category High MIDU % Rank
Net Assets 80.3 M 445 K 10.3 B 36.60%
Number of Holdings 8 6 2062 88.10%
Net Assets in Top 10 89.5 M 10 23.2 B 32.74%
Weighting of Top 10 N/A 19.7% 100.0% 6.15%

Top 10 Holdings

  1. iShares Core S&P Mid-Cap ETF 73.15%
  2. S&P Midcap 400 Index Swap 14.45%
  3. S&P Midcap 400 Index Swap 14.45%
  4. S&P Midcap 400 Index Swap 14.45%
  5. S&P Midcap 400 Index Swap 14.45%
  6. S&P Midcap 400 Index Swap 14.45%
  7. S&P Midcap 400 Index Swap 14.45%
  8. S&P Midcap 400 Index Swap 14.45%
  9. S&P Midcap 400 Index Swap 14.45%
  10. S&P Midcap 400 Index Swap 14.45%

Asset Allocation

Weighting Return Low Return High MIDU % Rank
Stocks
81.65% -1.94% 300.04% 34.52%
Cash
18.35% -200.04% 101.94% 62.50%
Preferred Stocks
0.00% 0.00% 0.02% 65.48%
Other
0.00% -147.21% 196.08% 66.07%
Convertible Bonds
0.00% 0.00% 0.12% 69.64%
Bonds
0.00% 0.00% 25.73% 70.83%

Stock Sector Breakdown

Weighting Return Low Return High MIDU % Rank
Industrials
18.16% 0.00% 100.00% 6.43%
Financial Services
15.70% 0.00% 100.00% 17.86%
Consumer Cyclical
15.59% 0.00% 94.39% 23.57%
Technology
14.63% 0.00% 100.00% 47.86%
Healthcare
11.31% 0.00% 100.00% 31.43%
Real Estate
8.90% 0.00% 100.00% 7.86%
Basic Materials
4.82% 0.00% 100.00% 22.14%
Consumer Defense
4.43% 0.00% 64.70% 48.57%
Utilities
2.72% 0.00% 100.00% 24.29%
Communication Services
2.08% 0.00% 100.00% 56.43%
Energy
1.65% 0.00% 100.00% 38.57%

Stock Geographic Breakdown

Weighting Return Low Return High MIDU % Rank
US
81.21% -18.12% 300.02% 31.55%
Non US
0.44% 0.00% 89.86% 54.76%

MIDU - Expenses

Operational Fees

MIDU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.88% 9.92% 83.54%
Management Fee 0.75% 0.00% 0.95% 54.64%
12b-1 Fee 0.00% 0.00% 1.00% 29.10%
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

MIDU 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

MIDU 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.

MIDU Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 91.00% 0.00% 376.00% 42.45%

MIDU - Distributions

Dividend Yield Analysis

MIDU Category Low Category High MIDU % Rank
Dividend Yield 0.01% 0.00% 7.74% 23.20%

Dividend Distribution Analysis

MIDU Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

MIDU Category Low Category High MIDU % Rank
Net Income Ratio 0.25% -2.08% 3.47% 37.80%

Capital Gain Distribution Analysis

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

Dividend Payout History

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MIDU - Fund Manager Analysis

Managers

Paul Brigandi


Start Date

Tenure

Tenure Rank

Jan 08, 2009

12.15

12.2%

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.

Tony Ng


Start Date

Tenure

Tenure Rank

Sep 30, 2015

5.42

5.4%

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
0.07 27.65 7.0 7.42