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Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund
mutual fund
DXKLX
Payout Change
Pending
Price as of:
$24.2048
-0.15
-0.62%
primary theme
Leveraged Bond
share class
DXKLX (Mutual Fund)
Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund
Payout Change
Pending
Price as of:
$24.2048
-0.15
-0.62%
primary theme
Leveraged Bond
share class
DXKLX (Mutual Fund)
Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund
Payout Change
Pending
Price as of:
$24.2048
-0.15
-0.62%
primary theme
Leveraged Bond
share class
Name
As of 12/09/2024Price
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
-3.3%
1 yr return
1.2%
3 Yr Avg Return
-12.4%
5 Yr Avg Return
-6.7%
Net Assets
$6.94 M
Holdings in Top 10
83.9%
52 WEEK LOW AND HIGH
$24.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.82%
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 12/09/2024Price
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
DXKLX - Profile
Distributions
- YTD Total Return -3.3%
- 3 Yr Annualized Total Return -12.4%
- 5 Yr Annualized Total Return -6.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.04%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDirexion Monthly 7-10 Year Treasury Bull 1.75X Fund
-
Fund Family NameDirexion Funds
-
Inception DateApr 12, 2005
-
Shares Outstanding159185
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPaul Brigandi
Fund Description
The Index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than or equal to seven years and less than ten years. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Index is not adjusted for securities that may become eligible or ineligible for inclusion in the Index intra-month. The Index is reconstituted and rebalanced on the last business day of each month.The Index was comprised of 13 constituents as of October 31, 2023.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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DXKLX - Performance
Return Ranking - Trailing
| Period | DXKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.3% | -22.7% | 12.0% | 30.77% |
| 1 Yr | 1.2% | -11.0% | 17.4% | 30.77% |
| 3 Yr | -12.4%* | -43.4% | 1.2% | 30.77% |
| 5 Yr | -6.7%* | -28.5% | 3.1% | 30.77% |
| 10 Yr | -2.1%* | -12.5% | 5.7% | 25.00% |
* Annualized
Return Ranking - Calendar
| Period | DXKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.4% | -15.2% | 12.8% | 23.08% |
| 2022 | -29.9% | -72.9% | -22.9% | 23.08% |
| 2021 | -8.8% | -19.9% | 6.3% | 76.92% |
| 2020 | 11.6% | -17.5% | 36.0% | 53.85% |
| 2019 | 4.0% | 1.6% | 33.4% | 92.31% |
Total Return Ranking - Trailing
| Period | DXKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -3.3% | -22.7% | 12.0% | 30.77% |
| 1 Yr | 1.2% | -11.0% | 17.4% | 30.77% |
| 3 Yr | -12.4%* | -43.4% | 1.2% | 30.77% |
| 5 Yr | -6.7%* | -28.5% | 3.1% | 30.77% |
| 10 Yr | -2.1%* | -12.5% | 5.7% | 25.00% |
* Annualized
Total Return Ranking - Calendar
| Period | DXKLX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.4% | -13.0% | 17.7% | 38.46% |
| 2022 | -29.9% | -72.6% | -14.0% | 23.08% |
| 2021 | -8.8% | -19.8% | 7.0% | 76.92% |
| 2020 | 16.7% | 2.2% | 39.0% | 84.62% |
| 2019 | 11.7% | 11.7% | 34.7% | 100.00% |
NAV & Total Return History
DXKLX - Holdings
Concentration Analysis
| DXKLX | Category Low | Category High | DXKLX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.94 M | 6.94 M | 4.73 B | 100.00% |
| Number of Holdings | 5 | 4 | 14 | 92.31% |
| Net Assets in Top 10 | 10.6 M | 7.66 M | 6.35 B | 92.31% |
| Weighting of Top 10 | 83.93% | 83.9% | 105.0% | 100.00% |
Top 10 Holdings
- ISHARES 7-10 YEAR TREASURY BOND FUND 64.53%
- Goldman Sachs Financial Square Funds - Treasury Instruments Fund 12.38%
- Invesco Government Agency Portfolio 5.57%
- 197035IEFUBS12172024 1.18%
- 197035IEFML12112024 0.27%
Asset Allocation
| Weighting | Return Low | Return High | DXKLX % Rank | |
|---|---|---|---|---|
| Stocks | 64.53% | 0.00% | 79.77% | 30.77% |
| Cash | 34.02% | 0.00% | 34.02% | 7.69% |
| Other | 1.45% | 1.32% | 100.16% | 92.31% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 46.15% |
| Convertible Bonds | 0.00% | 0.00% | 0.58% | 69.23% |
| Bonds | 0.00% | 0.00% | 75.55% | 61.54% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DXKLX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 0.00% | N/A |
| Technology | 0.00% | 0.00% | 0.00% | N/A |
| Real Estate | 0.00% | 0.00% | 0.00% | N/A |
| Industrials | 0.00% | 0.00% | 0.00% | N/A |
| Healthcare | 0.00% | 0.00% | 0.00% | N/A |
| Financial Services | 0.00% | 0.00% | 0.00% | N/A |
| Energy | 0.00% | 100.00% | 100.00% | N/A |
| Communication Services | 0.00% | 0.00% | 0.00% | N/A |
| Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 0.00% | N/A |
| Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DXKLX % Rank | |
|---|---|---|---|---|
| US | 64.53% | 0.00% | 79.77% | 30.77% |
| Non US | 0.00% | 0.00% | 0.00% | 46.15% |
DXKLX - Expenses
Operational Fees
| DXKLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.82% | 1.00% | 2.95% | 38.46% |
| Management Fee | 0.75% | 0.50% | 0.75% | 61.54% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 55.56% |
| Administrative Fee | N/A | 0.20% | 0.20% | 17.12% |
Sales Fees
| DXKLX 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
| DXKLX 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.
| DXKLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 12.00% | 12.00% | 12.50% |
DXKLX - Distributions
Dividend Yield Analysis
| DXKLX | Category Low | Category High | DXKLX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.06% | 1.11% | 4.84% | 100.00% |
Dividend Distribution Analysis
| DXKLX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Monthly |
Net Income Ratio Analysis
| DXKLX | Category Low | Category High | DXKLX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.04% | -2.17% | 2.00% | 84.62% |
Capital Gain Distribution Analysis
| DXKLX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jan 02, 2024 | $0.257 | OrdinaryDividend |
| Dec 11, 2020 | $1.276 | CapitalGainShortTerm |
| Jan 02, 2020 | $0.468 | OrdinaryDividend |
| Dec 13, 2019 | $2.682 | CapitalGainShortTerm |
| Dec 20, 2012 | $1.156 | CapitalGainShortTerm |
| Dec 20, 2012 | $0.139 | CapitalGainLongTerm |
| Dec 20, 2011 | $0.041 | CapitalGainShortTerm |
| Dec 21, 2010 | $1.991 | CapitalGainShortTerm |
| Dec 21, 2010 | $0.046 | CapitalGainLongTerm |
| Dec 17, 2009 | $0.871 | CapitalGainShortTerm |
| Dec 17, 2009 | $0.047 | CapitalGainLongTerm |
| Dec 21, 2007 | $0.490 | CapitalGainShortTerm |
| Dec 21, 2007 | $0.129 | CapitalGainLongTerm |
| Dec 21, 2007 | $0.108 | OrdinaryDividend |
DXKLX - Fund Manager Analysis
Managers
Paul Brigandi
Start Date
Tenure
Tenure Rank
Mar 31, 2005
17.18
17.2%
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
Apr 30, 2006
16.1
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.21 | 28.42 | 13.95 | 14.22 |
