Direxion Daily Financial Bull & Bear 3X Shares
The Direxion Daily Financial Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Financial Select Sector Index. There is no guarantee the funds will achieve their stated investment objective.
FAS
FAZ
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- 01/23/2024
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These leveraged ETFs seek a return that are 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.
Pricing & Performance
NAV and Market Price information as of 03/18/2024.
Net Asset Value (NAV)
Market Price Closing
Net Asset Value (NAV)
Market Price Closing
1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
---|---|---|---|---|---|---|---|---|---|---|
FAS NAV | 11.54 | 38.99 | 20.48 | 24.59 | 9.98 | 10.81 | 16.98 | 6.39 | 0.96 / 0.96* | 11/06/2008 |
FAS Market Close | 11.28 | 38.58 | 19.83 | 24.32 | 9.82 | 10.74 | 16.97 | 6.37 | 0.96 / 0.96* | 11/06/2008 |
FAZ NAV | -10.58 | -28.53 | -17.31 | -31.39 | -34.70 | -49.95 | -43.12 | -54.57 | 1.09 / 1.09* | 11/06/2008 |
FAZ Market Close | -10.27 | -28.41 | -16.90 | -31.30 | -34.61 | -49.93 | -43.11 | -54.56 | 1.09 / 1.09* | 11/06/2008 |
As of February 29, 2024
The Primary Listing Exchange is the NYSE Arca, Inc.
*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.91% for FAS and 0.95% for FAZ. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2024, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.
Short-term performance, in particular, is not a good indication of a 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.
Index Information
The Financial Select Sector Index (IXMTR) is provided by S&P Dow Jones Indices and includes securities of companies from the following industries: Banks; Thrifts & Mortgage Finance; Diversified Financial Services; Consumer Finance; Capital Markets; Insurance; and Mortgage Real Estate Investment Trusts (REITs). One cannot invest directly in an index.
Index Top Ten Holdings
% of Total | |
---|---|
Berkshire Hathaway Class B | 12.49% |
JP Morgan Chase | 9.47% |
Visa | 7.99% |
Mastercard | 6.80% |
Bank Of America | 4.46% |
Wells Fargo | 3.44% |
S&P Global Inc | 2.75% |
The Goldman Sachs Group | 2.42% |
Morgan Stanley | 2.27% |
Blackrock | 2.19% |
Index Sector Weightings
% of Total | |
---|---|
Financial Services | 32.03% |
Banks | 25.11% |
Capital Markets | 23.10% |
Insurance | 15.87% |
Consumer Finance | 3.88% |
Distributions
FAS Direxion Daily Financial Bull 3X Shares
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Return of Capital |
---|---|---|---|---|---|---|
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.38289 | — | — | — |
09/20/2023 | 09/19/2023 | 09/26/2023 | 0.29278 | — | — | — |
06/22/2023 | 06/21/2023 | 06/28/2023 | 0.62055 | — | — | — |
03/22/2023 | 03/21/2023 | 03/28/2023 | 0.16632 | — | — | — |
12/21/2022 | 12/20/2022 | 12/28/2022 | 0.32590 | — | — | — |
09/21/2022 | 09/20/2022 | 09/27/2022 | 0.22257 | — | — | — |
06/23/2022 | 06/22/2022 | 06/29/2022 | 0.12167 | — | — | — |
12/22/2021 | 12/21/2021 | 12/29/2021 | 0.35754 | — | — | — |
09/22/2021 | 09/21/2021 | 09/28/2021 | 0.15288 | — | — | — |
06/23/2021 | 06/22/2021 | 06/29/2021 | 0.14101 | — | — | — |
03/24/2021 | 03/23/2021 | 03/30/2021 | 0.12864 | — | — | — |
12/23/2020 | 12/22/2020 | 12/30/2020 | 0.07920 | — | — | — |
09/23/2020 | 09/22/2020 | 09/29/2020 | 0.04742 | — | — | — |
06/24/2020 | 06/23/2020 | 06/30/2020 | 0.03642 | — | — | — |
03/25/2020 | 03/24/2020 | 03/31/2020 | 0.12345 | — | — | — |
12/24/2019 | 12/23/2019 | 12/31/2019 | 0.10603 | — | — | — |
09/25/2019 | 09/24/2019 | 10/01/2019 | 0.15035 | — | — | 0.00091 |
06/26/2019 | 06/25/2019 | 07/02/2019 | 0.16902 | — | — | 0.00103 |
03/20/2019 | 03/19/2019 | 03/26/2019 | 0.15467 | — | — | 0.00094 |
12/28/2018 | 12/27/2018 | 01/04/2019 | 0.15993 | — | — | — |
09/26/2018 | 09/25/2018 | 10/02/2018 | 0.19006 | — | — | — |
06/20/2018 | 06/19/2018 | 06/26/2018 | 0.16303 | — | — | — |
03/21/2018 | 03/20/2018 | 03/27/2018 | 0.12729 | — | — | — |
12/20/2017 | 12/19/2017 | 12/27/2017 | 0.07745 | — | — | — |
03/25/2010 | 03/23/2010 | 03/30/2010 | 0.29172 | — | — | — |
09/24/2009 | 09/22/2009 | 09/29/2009 | 0.16573 | — | — | — |
06/25/2009 | 06/23/2009 | 06/30/2009 | 0.01128 | — | — | — |
Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.38289 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date09/20/2023 Ex Date09/19/2023 Pay Date09/26/2023 Income Dividend0.29278 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date06/22/2023 Ex Date06/21/2023 Pay Date06/28/2023 Income Dividend0.62055 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date03/22/2023 Ex Date03/21/2023 Pay Date03/28/2023 Income Dividend0.16632 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date12/21/2022 Ex Date12/20/2022 Pay Date12/28/2022 Income Dividend0.32590 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date09/21/2022 Ex Date09/20/2022 Pay Date09/27/2022 Income Dividend0.22257 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date06/23/2022 Ex Date06/22/2022 Pay Date06/29/2022 Income Dividend0.12167 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date12/22/2021 Ex Date12/21/2021 Pay Date12/29/2021 Income Dividend0.35754 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date09/22/2021 Ex Date09/21/2021 Pay Date09/28/2021 Income Dividend0.15288 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date06/23/2021 Ex Date06/22/2021 Pay Date06/29/2021 Income Dividend0.14101 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date03/24/2021 Ex Date03/23/2021 Pay Date03/30/2021 Income Dividend0.12864 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date12/23/2020 Ex Date12/22/2020 Pay Date12/30/2020 Income Dividend0.07920 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date09/23/2020 Ex Date09/22/2020 Pay Date09/29/2020 Income Dividend0.04742 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date06/24/2020 Ex Date06/23/2020 Pay Date06/30/2020 Income Dividend0.03642 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date03/25/2020 Ex Date03/24/2020 Pay Date03/31/2020 Income Dividend0.12345 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date12/24/2019 Ex Date12/23/2019 Pay Date12/31/2019 Income Dividend0.10603 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date09/25/2019 Ex Date09/24/2019 Pay Date10/01/2019 Income Dividend0.15035 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital0.00091 Record Date06/26/2019 Ex Date06/25/2019 Pay Date07/02/2019 Income Dividend0.16902 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital0.00103 Record Date03/20/2019 Ex Date03/19/2019 Pay Date03/26/2019 Income Dividend0.15467 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital0.00094 Record Date12/28/2018 Ex Date12/27/2018 Pay Date01/04/2019 Income Dividend0.15993 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date09/26/2018 Ex Date09/25/2018 Pay Date10/02/2018 Income Dividend0.19006 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date06/20/2018 Ex Date06/19/2018 Pay Date06/26/2018 Income Dividend0.16303 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date03/21/2018 Ex Date03/20/2018 Pay Date03/27/2018 Income Dividend0.12729 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date12/20/2017 Ex Date12/19/2017 Pay Date12/27/2017 Income Dividend0.07745 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date03/25/2010 Ex Date03/23/2010 Pay Date03/30/2010 Income Dividend0.29172 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date09/24/2009 Ex Date09/22/2009 Pay Date09/29/2009 Income Dividend0.16573 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— Record Date06/25/2009 Ex Date06/23/2009 Pay Date06/30/2009 Income Dividend0.01128 Short-Term Capital Gain— Long-Term Capital Gain— Return of Capital— |
FAZ Direxion Daily Financial Bear 3X Shares
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain |
---|---|---|---|---|---|
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.08009 | — | — |
09/20/2023 | 09/19/2023 | 09/26/2023 | 0.14902 | — | — |
06/22/2023 | 06/21/2023 | 06/28/2023 | 0.16861 | — | — |
03/22/2023 | 03/21/2023 | 03/28/2023 | 0.26879 | — | — |
12/21/2022 | 12/20/2022 | 12/28/2022 | 0.00094 | — | — |
03/25/2020 | 03/24/2020 | 03/31/2020 | 0.04461 | — | — |
12/24/2019 | 12/23/2019 | 12/31/2019 | 0.07301 | — | — |
09/25/2019 | 09/24/2019 | 10/01/2019 | 0.24097 | — | — |
03/20/2019 | 03/19/2019 | 03/26/2019 | 0.02749 | — | — |
12/28/2018 | 12/27/2018 | 01/04/2019 | 0.04078 | — | — |
09/26/2018 | 09/25/2018 | 10/02/2018 | 0.02095 | — | — |
03/21/2018 | 03/20/2018 | 03/27/2018 | 0.01461 | — | — |
Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.08009 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/20/2023 Ex Date09/19/2023 Pay Date09/26/2023 Income Dividend0.14902 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/22/2023 Ex Date06/21/2023 Pay Date06/28/2023 Income Dividend0.16861 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/22/2023 Ex Date03/21/2023 Pay Date03/28/2023 Income Dividend0.26879 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/21/2022 Ex Date12/20/2022 Pay Date12/28/2022 Income Dividend0.00094 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/25/2020 Ex Date03/24/2020 Pay Date03/31/2020 Income Dividend0.04461 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/24/2019 Ex Date12/23/2019 Pay Date12/31/2019 Income Dividend0.07301 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/25/2019 Ex Date09/24/2019 Pay Date10/01/2019 Income Dividend0.24097 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/20/2019 Ex Date03/19/2019 Pay Date03/26/2019 Income Dividend0.02749 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/28/2018 Ex Date12/27/2018 Pay Date01/04/2019 Income Dividend0.04078 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/26/2018 Ex Date09/25/2018 Pay Date10/02/2018 Income Dividend0.02095 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/21/2018 Ex Date03/20/2018 Pay Date03/27/2018 Income Dividend0.01461 Short-Term Capital Gain— Long-Term Capital Gain— |
Strategy & Benefits
You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.
Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:
- Magnify your short-term perspective with daily 3X leverage
- Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
- Stay agile – with liquidity to trade through rapidly changing markets
Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.
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How to Buy
ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.
We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.
Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.
Operational Updates
- 01/23/2024
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