Direxion All Cap Insider Sentiment Shares

  • FUND SYMBOL

    KNOW

  • INTRA-DAY INDICATIVE VALUE

    KNOW.IV

  • BLOOMBERG INDEX

    SBRQAMTR

  • CUSIP

    25459Y769

  • EXPENSE RATIO (GROSS/NET %)

    0.59 / 0.59*

  • INCEPTION DATE

    Dec 08, 2011

Overview

The Direxion All Cap Insider Sentiment Shares seeks investment results, before fees and expenses, that track the Sabrient Multi-Cap Insider/Analyst Quant-weighted Index. There is no guarantee the fund will meet its stated investment objective.

   
Overall Morningstar Rating1 ★★★

Out of 369 Mid-Cap Blend funds based on risk adjusted returns as of 9/30/2019. An investments overall Morningstar Rating, based on its risk adjusted return, is a weighted average of its applicable 3-, 5-, and 10-year Ratings. See disclosures below for details.

Strategy & Benefits

Strategy Description

  • The strategy follows a quantitative rules-based equity approach that allows investors access to stocks that corporate insiders are accumulating
  • The strategy reviews each of the index constituents on a monthly basis, focusing on strong insider buying and favorable analyst ratings
  • The strategy’s sector allocations can vary significantly from traditional cap-weighted equity benchmark weightings for potentially increased diversification

Fund Details

Fund Statistics

Beta to the S&P 500 1.04
Correlation to the S&P 500 0.92
Sharpe Ratio 0.85
Standard Deviation 14.69%

Sharpe Ratio is a measure of excess reward per unit of volatility. The calculation is against the Barclays U.S. Treasury Bills: 1-3 Months TR Index Value Unhedged, a risk free rate reference and the average value for the period.

Standard Deviation is a measure of price variability (risk).

Correlation is a measure of the similarity of performance.

Beta is a measure of price variability relative to the market.

Market Capitalization is the total dollar market value of all of a company's outstanding shares, and is calculated by multiplying a company's shares outstanding by the current market price of one share.

S&P 500 is an unmanaged index of 500 stocks used to measure largecap U.S. stock market performance.

Market Cap Info (%)

Large Capitalization 42.63
Mid Capitalization 29.73
Small Capitalization 15.32
Mega Capitalization 12.31

Target Index

The Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index (SBRQAMTR) is a quantitatively-weighted index composed of 100 of the top publicly-traded companies selected by Sabrient. The Index reflects positive sentiment among those "insiders" closest to a company’s financials and business prospects, such as top management, directors, large institutional holders, and the Wall Street research analysts who follow the company. One cannot directly invest in an index.

Index Top Ten Holdings %

Newell Brands 2.74
B&G Foods 2.65
Bristol-Myers Squibb 2.57
Universal Insurance 2.55
DCP Midstream Lp 2.53
Magellan Midstream 2.38
The Macerich Company REIT 2.35
Everest Reinsurance Group 2.32
Greif - Cl A 2.24
Bunge 2.18

Index Sector Weightings %

Health Care 19.54
Financials 15.78
Energy 15.46
Consumer Staples 12.57
Consumer Discretionary 10.81
Industrials 9.72
Information Technology 6.55
Materials 4.57
Real Estate 3.69
Utilities 0.98
Communication Services 0.33

Index data as of 09/30/2019. Source: Bloomberg. Index sector weightings and top holdings are subject to change.


Tax Reporting

Supplemental Tax Documents

Pricing and Performance

NAV and Market Price information as of November 18, 2019. Line chart shows pricing trend over the last 30 days.

fund symbol

KNOW

  • Net asset value (NAV)

    • 38.83
    • 0.09
    • 0.23
  • market price closing

    • 38.79
    • 0.09
    • 0.24
  • Premium / Discount

    • -0.04

* The Fund's adviser, Rafferty Asset Management, LLC ("Rafferty") has entered into an Operating Services Agreement with the Fund. Under this Operating Services Agreement, Rafferty has contractually agreed to pay all expenses of the Fund through September 1, 2020 other than the following: management fees, Rule 12b-1 distribution and/or service fees, taxes, swap financing and related costs, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization, acquired fund fees and expenses, and extraordinary expenses. If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at www.direxion.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Distributions

  • KNOW
  • Direxion All Cap Insider Sentiment Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/25/2019 09/24/2019 10/01/2019 0.20918
06/26/2019 06/25/2019 07/02/2019 0.26226
03/20/2019 03/19/2019 03/26/2019 0.19734
12/28/2018 12/27/2018 01/04/2019 0.24167
09/26/2018 09/25/2018 10/02/2018 0.19945 0.97255
06/20/2018 06/19/2018 06/26/2018 0.30309
03/21/2018 03/20/2018 03/27/2018 0.05932
12/20/2017 12/19/2017 12/27/2017 0.22546
12/14/2017 12/13/2017 12/20/2017 0.00000 2.60402