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DIREXION MONTHLY HIGH YIELD BULL 1.2X FUND
mutual fund
DXHYX
Payout Change
Pending
Price as of:
$17.6933
+0.01
+0.07%
primary theme
Leveraged Bond
share class
DXHYX (Mutual Fund)
DIREXION MONTHLY HIGH YIELD BULL 1.2X FUND
Payout Change
Pending
Price as of:
$17.6933
+0.01
+0.07%
primary theme
Leveraged Bond
share class
DXHYX (Mutual Fund)
DIREXION MONTHLY HIGH YIELD BULL 1.2X FUND
Payout Change
Pending
Price as of:
$17.6933
+0.01
+0.07%
primary theme
Leveraged Bond
share class
Name
As of 12/11/2024Price
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
7.9%
1 yr return
8.8%
3 Yr Avg Return
1.2%
5 Yr Avg Return
1.8%
Net Assets
$43.7 M
Holdings in Top 10
91.3%
52 WEEK LOW AND HIGH
$17.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 2.06%
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 12/11/2024Price
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
DXHYX - Profile
Distributions
- YTD Total Return 7.9%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 1.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.00%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDIREXION MONTHLY HIGH YIELD BULL 1.2X FUND
-
Fund Family NameDirexion Funds
-
Inception DateFeb 17, 2016
-
Shares Outstanding3395809
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTony Ng
Fund Description
The Index is a rules-based systematic strategy index calculated in U.S. Dollars that provides exposure to an equal weighted portfolio of three high yield ETFs: the SPDR Bloomberg High Yield Bond ETF (“JNK”), the iShares iBoxx $ High Yield Corporate Bond ETF (“HYG”) and the PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund(“HYS”) (collectively, the “Underlying ETFs”).•JNK seeks to track the performance of the Bloomberg High Yield Very Liquid Index (the “Bloomberg Index”). The Bloomberg Index attempts to measure the performance of publicly issued U.S. dollar-denominated high yield corporate bonds with above average liquidity.•HYG seeks to track the performance of the Markit IBoxx® USD Liquid High Yield Index (the “Markit Index”). The Markit Index is a rules-based index consisting of U.S. dollar-denominated, high yield corporate bonds for sale in the United States. iShares® is a registered trademark of BlackRock, Inc. or its subsidiaries (“BlackRock”). Neither BlackRock nor the iShares® Funds make any representations regarding the advisability of investing in iShares iBoxx $ High Yield Corporate Bond ETF.•HYS seeks to track the performance of the ICE BofAML 0-5 Year US High Yield Constrained Index (the “BofAML Index”). The BofAML Index is an unmanaged index comprised of U.S. dollar-denominated below-investment grade corporate debt securities publicly issued in the U.S domestic market with remaining maturities of less than 5 years. None of Pacific Investment Management Company LLC, PIMCO Investments LLC, PIMCO ETF Trust, or the PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund make any representations regarding the advisability of investing in the Fund.The Index is adjusted on a monthly basis, on the last trading day of each month (“Adjustment Day”), to an equal weight allocation of each of the Underlying ETFs. However, the Index may be adjusted between two Adjustment Days as the result of an extraordinary event, such as the removal and replacement of an Index member.High yield debt instruments and below investment grade debt instruments, or “junk bonds,” are generally rated lower than Baa by Moody’s Investors Service®, Inc. or lower than BBB by Standard & Poor’s Rating Service, Inc.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 Underlying ETFs or other ETFs that track the same index or a substantially similar index as an Underlying ETF, utilize derivatives such as swaps on the Index, swaps on the Underlying ETFs or other ETFs that track the same or substantially similar indexes as the Underlying ETFs 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. 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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DXHYX - Performance
Return Ranking - Trailing
| Period | DXHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.9% | -22.7% | 12.0% | 15.38% |
| 1 Yr | 8.8% | -11.0% | 17.6% | 15.38% |
| 3 Yr | 1.2%* | -43.4% | 1.2% | 7.69% |
| 5 Yr | 1.8%* | -28.5% | 2.9% | 15.38% |
| 10 Yr | N/A* | -12.5% | 5.8% | N/A |
* Annualized
Return Ranking - Calendar
| Period | DXHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.1% | -15.2% | 12.8% | 15.38% |
| 2022 | -22.9% | -72.9% | -22.9% | 7.69% |
| 2021 | 0.9% | -19.9% | 6.3% | 15.38% |
| 2020 | -4.7% | -17.5% | 36.0% | 69.23% |
| 2019 | 1.6% | 1.6% | 33.4% | 100.00% |
Total Return Ranking - Trailing
| Period | DXHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 7.9% | -22.7% | 12.0% | 15.38% |
| 1 Yr | 8.8% | -11.0% | 17.6% | 15.38% |
| 3 Yr | 1.2%* | -43.4% | 1.2% | 7.69% |
| 5 Yr | 1.8%* | -28.5% | 2.9% | 15.38% |
| 10 Yr | N/A* | -12.5% | 5.8% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | DXHYX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | -13.0% | 17.7% | 15.38% |
| 2022 | -14.0% | -72.6% | -14.0% | 7.69% |
| 2021 | 3.0% | -19.8% | 7.0% | 15.38% |
| 2020 | 2.2% | 2.2% | 39.0% | 100.00% |
| 2019 | 12.6% | 11.7% | 34.7% | 92.31% |
NAV & Total Return History
DXHYX - Holdings
Concentration Analysis
| DXHYX | Category Low | Category High | DXHYX % Rank | |
|---|---|---|---|---|
| Net Assets | 43.7 M | 6.94 M | 4.73 B | 23.08% |
| Number of Holdings | 4 | 4 | 14 | 100.00% |
| Net Assets in Top 10 | 45.7 M | 7.66 M | 6.35 B | 38.46% |
| Weighting of Top 10 | 91.32% | 83.9% | 105.0% | 84.62% |
Top 10 Holdings
- SPDR Bloomberg High Yield Bond ETF 39.89%
- iShares iBoxx High Yield Corporate Bond ETF 39.88%
- Invesco Government Agency Portfolio 10.23%
- 197103HYSUBS10102024 1.32%
Asset Allocation
| Weighting | Return Low | Return High | DXHYX % Rank | |
|---|---|---|---|---|
| Stocks | 79.77% | 0.00% | 79.77% | 7.69% |
| Cash | 18.91% | 0.00% | 34.02% | 46.15% |
| Other | 1.32% | 1.32% | 100.16% | 100.00% |
| Convertible Bonds | 0.58% | 0.00% | 0.58% | 7.69% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 76.92% |
| Bonds | 0.00% | 0.00% | 75.55% | 76.92% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DXHYX % Rank | |
|---|---|---|---|---|
| Energy | 100.00% | 100.00% | 100.00% | 100.00% |
| Utilities | 0.00% | 0.00% | 0.00% | 100.00% |
| Technology | 0.00% | 0.00% | 0.00% | 100.00% |
| Real Estate | 0.00% | 0.00% | 0.00% | 100.00% |
| Industrials | 0.00% | 0.00% | 0.00% | 100.00% |
| Healthcare | 0.00% | 0.00% | 0.00% | 100.00% |
| Financial Services | 0.00% | 0.00% | 0.00% | 100.00% |
| Communication Services | 0.00% | 0.00% | 0.00% | 100.00% |
| Consumer Defense | 0.00% | 0.00% | 0.00% | 100.00% |
| Consumer Cyclical | 0.00% | 0.00% | 0.00% | 100.00% |
| Basic Materials | 0.00% | 0.00% | 0.00% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DXHYX % Rank | |
|---|---|---|---|---|
| US | 79.77% | 0.00% | 79.77% | 7.69% |
| Non US | 0.00% | 0.00% | 0.00% | 76.92% |
DXHYX - Expenses
Operational Fees
| DXHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.06% | 1.00% | 2.95% | 23.08% |
| Management Fee | 0.75% | 0.50% | 0.75% | 76.92% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 77.78% |
| Administrative Fee | N/A | 0.20% | 0.20% | N/A |
Sales Fees
| DXHYX 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
| DXHYX 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.
| DXHYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 12.00% | 12.00% | 99.68% |
DXHYX - Distributions
Dividend Yield Analysis
| DXHYX | Category Low | Category High | DXHYX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.07% | 1.11% | 4.84% | 15.38% |
Dividend Distribution Analysis
| DXHYX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| DXHYX | Category Low | Category High | DXHYX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.00% | -2.17% | 2.00% | 7.69% |
Capital Gain Distribution Analysis
| DXHYX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 18, 2024 | $0.060 | OrdinaryDividend |
| Oct 16, 2024 | $0.082 | OrdinaryDividend |
| Sep 17, 2024 | $0.073 | OrdinaryDividend |
| Aug 16, 2024 | $0.079 | OrdinaryDividend |
| Apr 16, 2024 | $0.107 | OrdinaryDividend |
| Mar 18, 2024 | $0.074 | OrdinaryDividend |
| Feb 16, 2024 | $0.079 | OrdinaryDividend |
| Jan 17, 2024 | $0.143 | OrdinaryDividend |
| Nov 16, 2023 | $0.011 | OrdinaryDividend |
| Oct 17, 2023 | $0.071 | OrdinaryDividend |
| Sep 18, 2023 | $0.048 | OrdinaryDividend |
| Aug 16, 2023 | $0.034 | OrdinaryDividend |
| Jul 18, 2023 | $0.042 | OrdinaryDividend |
| Jun 16, 2023 | $0.064 | OrdinaryDividend |
| May 16, 2023 | $0.147 | OrdinaryDividend |
| Apr 18, 2023 | $0.144 | OrdinaryDividend |
| Mar 16, 2023 | $0.277 | OrdinaryDividend |
| Feb 16, 2023 | $0.106 | OrdinaryDividend |
| Jan 18, 2023 | $0.103 | OrdinaryDividend |
| Nov 16, 2022 | $0.095 | OrdinaryDividend |
| Oct 18, 2022 | $0.003 | OrdinaryDividend |
| Sep 16, 2022 | $0.196 | OrdinaryDividend |
| Aug 16, 2022 | $0.001 | ReturnOfCapital |
| Aug 16, 2022 | $0.034 | OrdinaryDividend |
| Jun 16, 2022 | $0.018 | ReturnOfCapital |
| Jun 16, 2022 | $0.529 | OrdinaryDividend |
| Apr 19, 2022 | $0.002 | ReturnOfCapital |
| Apr 19, 2022 | $0.053 | OrdinaryDividend |
| Mar 16, 2022 | $0.006 | ReturnOfCapital |
| Mar 16, 2022 | $0.185 | OrdinaryDividend |
| Feb 16, 2022 | $0.026 | ReturnOfCapital |
| Feb 16, 2022 | $0.763 | OrdinaryDividend |
| Jan 19, 2022 | $0.003 | ReturnOfCapital |
| Jan 19, 2022 | $0.088 | OrdinaryDividend |
| Nov 16, 2021 | $0.012 | OrdinaryDividend |
| Oct 18, 2021 | $0.056 | OrdinaryDividend |
| Sep 16, 2021 | $0.047 | OrdinaryDividend |
| Aug 17, 2021 | $0.044 | OrdinaryDividend |
| Jul 16, 2021 | $0.035 | OrdinaryDividend |
| Jun 16, 2021 | $0.029 | OrdinaryDividend |
| May 18, 2021 | $0.033 | OrdinaryDividend |
| Apr 16, 2021 | $0.025 | OrdinaryDividend |
| Mar 16, 2021 | $0.049 | OrdinaryDividend |
| Feb 17, 2021 | $0.111 | OrdinaryDividend |
| Nov 17, 2020 | $0.012 | OrdinaryDividend |
| Oct 16, 2020 | $0.003 | OrdinaryDividend |
| Sep 16, 2020 | $0.132 | OrdinaryDividend |
| Aug 18, 2020 | $0.057 | OrdinaryDividend |
| Jul 16, 2020 | $0.037 | OrdinaryDividend |
| Jun 16, 2020 | $0.069 | OrdinaryDividend |
| May 18, 2020 | $0.115 | OrdinaryDividend |
| Apr 16, 2020 | $0.076 | OrdinaryDividend |
| Mar 17, 2020 | $0.743 | OrdinaryDividend |
| Feb 19, 2020 | $0.013 | OrdinaryDividend |
| Jan 02, 2020 | $0.087 | OrdinaryDividend |
| Nov 18, 2019 | $0.047 | OrdinaryDividend |
| Oct 16, 2019 | $0.064 | OrdinaryDividend |
| Sep 17, 2019 | $0.089 | OrdinaryDividend |
| Jul 16, 2019 | $0.077 | OrdinaryDividend |
| Jun 18, 2019 | $0.040 | OrdinaryDividend |
| May 16, 2019 | $0.081 | OrdinaryDividend |
| Apr 16, 2019 | $0.128 | OrdinaryDividend |
| Mar 18, 2019 | $0.127 | OrdinaryDividend |
| Feb 19, 2019 | $0.127 | OrdinaryDividend |
| Jan 02, 2019 | $1.441 | OrdinaryDividend |
| Nov 16, 2018 | $0.119 | OrdinaryDividend |
| Oct 16, 2018 | $0.117 | OrdinaryDividend |
| Sep 18, 2018 | $0.109 | OrdinaryDividend |
| Aug 16, 2018 | $0.064 | OrdinaryDividend |
| Jul 17, 2018 | $0.048 | OrdinaryDividend |
| Jun 18, 2018 | $0.039 | OrdinaryDividend |
| May 16, 2018 | $0.044 | OrdinaryDividend |
| Apr 17, 2018 | $0.017 | OrdinaryDividend |
| Mar 16, 2018 | $0.131 | OrdinaryDividend |
| Feb 16, 2018 | $0.081 | OrdinaryDividend |
| Jan 02, 2018 | $0.089 | CapitalGainShortTerm |
| Jan 02, 2018 | $0.236 | OrdinaryDividend |
| Nov 16, 2017 | $0.171 | OrdinaryDividend |
| Oct 17, 2017 | $0.058 | OrdinaryDividend |
| Sep 18, 2017 | $0.066 | OrdinaryDividend |
| Aug 16, 2017 | $0.066 | OrdinaryDividend |
| Jul 18, 2017 | $0.060 | OrdinaryDividend |
| Jun 16, 2017 | $0.056 | OrdinaryDividend |
| May 16, 2017 | $0.065 | OrdinaryDividend |
| Apr 18, 2017 | $0.059 | OrdinaryDividend |
| Mar 16, 2017 | $0.077 | OrdinaryDividend |
| Feb 16, 2017 | $0.052 | OrdinaryDividend |
| Dec 01, 2016 | $0.243 | CapitalGainShortTerm |
| Nov 16, 2016 | $0.077 | OrdinaryDividend |
| Oct 18, 2016 | $0.063 | OrdinaryDividend |
| Sep 16, 2016 | $0.062 | OrdinaryDividend |
| Aug 16, 2016 | $0.050 | OrdinaryDividend |
| Jun 16, 2016 | $0.061 | OrdinaryDividend |
| May 17, 2016 | $0.061 | OrdinaryDividend |
| Apr 18, 2016 | $0.152 | OrdinaryDividend |
| Jan 03, 2016 | $0.123 | OrdinaryDividend |
DXHYX - Fund Manager Analysis
Managers
Tony Ng
Start Date
Tenure
Tenure Rank
Feb 17, 2016
6.29
6.3%
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.
Paul Brigandi
Start Date
Tenure
Tenure Rank
Feb 17, 2016
6.29
6.3%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.21 | 28.42 | 13.95 | 14.22 |
