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Trending ETFs

Direxion Monthly Small Cap Bull 1.75X Fund

mutual fund
DXRLX
Payout Change
Pending
Price as of:
$84.9127 +0.11 +0.13%
primary theme
Leveraged Equity
share class
DXRLX (Mutual Fund)

Direxion Monthly Small Cap Bull 1.75X Fund

Payout Change
Pending
Price as of:
$84.9127 +0.11 +0.13%
primary theme
Leveraged Equity
share class
DXRLX (Mutual Fund)

Direxion Monthly Small Cap Bull 1.75X Fund

Payout Change
Pending
Price as of:
$84.9127 +0.11 +0.13%
primary theme
Leveraged Equity
share class

Name

As of 10/08/2024

Price

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

$84.91

$14.7 M

0.66%

$0.56

1.85%

Vitals

YTD Return

9.8%

1 yr return

35.3%

3 Yr Avg Return

-8.1%

5 Yr Avg Return

8.2%

Net Assets

$14.7 M

Holdings in Top 10

80.3%

52 WEEK LOW AND HIGH

$84.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.85%

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 10/08/2024

Price

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

$84.91

$14.7 M

0.66%

$0.56

1.85%

DXRLX - Profile

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return -8.1%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.28%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Direxion Monthly Small Cap Bull 1.75X Fund
  • Fund Family Name
    Direxion Funds
  • Inception Date
    Mar 03, 1999
  • Shares Outstanding
    143548
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Paul Brigandi

Fund Description

The Index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership.As of October 31, 2023, the Index consisted of 1,980 holdings, which had an average market capitalization of $2.7 billion, total market capitalizations ranging from $17.8 million to $12.6 billion and were concentrated in the healthcare, financials, and industrials 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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DXRLX - Performance

Return Ranking - Trailing

Period DXRLX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -60.0% 145.1% 87.34%
1 Yr 35.3% -23.4% 232.2% 76.58%
3 Yr -8.1%* -51.1% 57.4% 81.65%
5 Yr 8.2%* -40.9% 65.1% 56.41%
10 Yr 9.9%* -41.5% 46.4% 52.17%

* Annualized

Return Ranking - Calendar

Period DXRLX Return Category Return Low Category Return High Rank in Category (%)
2023 20.1% -56.9% 257.9% 62.03%
2022 -41.5% -91.0% 124.5% 53.80%
2021 25.8% -79.4% 168.2% 54.43%
2020 19.9% -97.4% 132.6% 33.54%
2019 40.1% -53.1% 229.8% 62.82%

Total Return Ranking - Trailing

Period DXRLX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.8% -60.0% 145.1% 87.34%
1 Yr 35.3% -23.4% 232.2% 76.58%
3 Yr -8.1%* -51.1% 57.4% 81.65%
5 Yr 8.2%* -40.9% 65.1% 56.41%
10 Yr 9.9%* -41.5% 46.4% 52.17%

* Annualized

Total Return Ranking - Calendar

Period DXRLX Return Category Return Low Category Return High Rank in Category (%)
2023 20.1% -55.8% 259.6% 65.19%
2022 -41.5% -91.0% 130.7% 58.23%
2021 26.9% -79.4% 168.2% 58.86%
2020 21.0% -97.4% 132.6% 32.91%
2019 45.9% -52.7% 231.9% 54.49%

NAV & Total Return History


DXRLX - Holdings

Concentration Analysis

DXRLX Category Low Category High DXRLX % Rank
Net Assets 14.7 M 1.73 M 22.2 B 72.46%
Number of Holdings 5 5 2009 96.91%
Net Assets in Top 10 9.76 M 1.08 M 8.68 B 68.52%
Weighting of Top 10 80.28% 13.2% 185.3% 18.52%

Top 10 Holdings

  1. ISHARES RUSSELL 2000 ETFINDEX FUND 56.82%
  2. Goldman Sachs Financial Square Funds - Treasury Instruments Fund 11.45%
  3. Invesco Government Agency Portfolio 6.42%
  4. 542400RTYML12112024 3.88%
  5. 542400RTYUBS12172024 1.71%

Asset Allocation

Weighting Return Low Return High DXRLX % Rank
Stocks
56.82% 0.00% 375.12% 71.60%
Cash
37.60% 0.00% 87.81% 11.73%
Other
5.59% -7.39% 99.69% 83.95%
Preferred Stocks
0.00% 0.00% 1.99% 4.94%
Convertible Bonds
0.00% 0.00% 0.32% 14.81%
Bonds
0.00% 0.00% 37.59% 22.22%

Stock Sector Breakdown

Weighting Return Low Return High DXRLX % Rank
Healthcare
16.50% 0.00% 100.00% 19.20%
Financial Services
15.51% 0.00% 100.00% 21.60%
Industrials
15.14% 0.00% 100.00% 17.60%
Technology
13.77% 0.00% 100.00% 53.60%
Consumer Cyclical
10.52% 0.00% 94.15% 49.60%
Real Estate
8.71% 0.00% 100.00% 17.60%
Energy
5.68% 0.00% 100.00% 16.80%
Consumer Defense
3.99% 0.00% 52.46% 42.40%
Basic Materials
3.82% 0.00% 100.00% 24.00%
Communication Services
3.57% 0.00% 100.00% 48.80%
Utilities
2.79% 0.00% 100.00% 19.20%

Stock Geographic Breakdown

Weighting Return Low Return High DXRLX % Rank
US
56.82% 0.00% 375.12% 71.60%
Non US
0.00% 0.00% 20.00% 4.32%

DXRLX - Expenses

Operational Fees

DXRLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.85% 0.68% 5.63% 44.94%
Management Fee 0.75% 0.00% 0.95% 5.99%
12b-1 Fee 0.25% 0.00% 1.00% 50.39%
Administrative Fee N/A 0.03% 0.25% 16.92%

Sales Fees

DXRLX 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

DXRLX 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.

DXRLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 266.00% 4.23%

DXRLX - Distributions

Dividend Yield Analysis

DXRLX Category Low Category High DXRLX % Rank
Dividend Yield 0.66% 0.00% 18.26% 44.31%

Dividend Distribution Analysis

DXRLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annual

Net Income Ratio Analysis

DXRLX Category Low Category High DXRLX % Rank
Net Income Ratio -1.28% -2.77% 2.92% 76.58%

Capital Gain Distribution Analysis

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

Distributions History

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DXRLX - Fund Manager Analysis

Managers

Paul Brigandi


Start Date

Tenure

Tenure Rank

Dec 31, 2004

17.42

17.4%

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

Dec 29, 2006

15.43

15.4%

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
1.79 28.9 9.84 8.67