Direxion Daily CSI China Internet Index Bull 2X Shares
The Direxion Daily CSI China Internet Index Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the CSI Overseas China Internet Index. There is no guarantee the fund will achieve its stated investment objective.
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.
CWEB
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This leveraged ETF seeks a return that is 200% the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day.
Pricing & Performance
NAV and Market Price information as of 10/10/2024.
Net Asset Value (NAV)
Market Price Closing
1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
---|---|---|---|---|---|---|---|---|---|---|
CWEB NAV | 70.27 | 49.58 | 37.46 | 32.70 | -37.71 | -25.60 | — | -18.57 | 1.28 / 1.28* | 11/02/2016 |
CWEB Market Close | 69.97 | 48.87 | 36.97 | 32.42 | -37.77 | -25.60 | — | -18.60 | 1.28 / 1.28* | 11/02/2016 |
As of September 30, 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 0.88%. The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the 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 Fund for Other Expenses through September 1, 2025, to the extent that the 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 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.
Index Information
The CSI Overseas China Internet Index (H11137) is provided by China Securities Index Co., LTD (the “Index Provider”). The Index is designed to measure the performance of the investable universe of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors, as defined by the Index Provider, and are listed outside of mainland China, including in Hong Kong. A China-based company is a company that meets at least one of the following criteria: 1) the company is incorporated in mainland China; 2) its headquarters are in mainland China; or 3) at least 50% of the revenue from goods produced or sold, or services performed in mainland China. The Index Provider then removes securities that during the past year had a daily average trading value of less than $3 million or a daily average market capitalization of less than $2 billion. One cannot invest directly in an Index.
Index Top Ten Holdings
% of Total | |
---|---|
Tencent Holdings Shares | 10.61% |
Alibaba Group | 8.97% |
Pdd Holdings Inc Adr | 7.88% |
Meituan | 7.52% |
JD.com | 5.72% |
Netease Inc | 4.33% |
Tencent Music Entertainment Group Adr | 4.26% |
Trip.Com Group Shares | 4.01% |
Full Truck Alliance 20 Shares Class A | 3.92% |
Baidu Class A Shares (Proposed) | 3.85% |
Index Sector Weightings
% of Total | |
---|---|
Broadline Retail | 25.91% |
Interactive Media & Services | 24.54% |
Interactive Home Entertainment | 9.66% |
Restaurants | 7.52% |
Hotels, Resorts & Cruise Lines | 5.82% |
Movies & Entertainment | 5.04% |
Drug Retail | 4.74% |
Cargo Ground Transportation | 3.92% |
Real Estate Services | 3.79% |
Education Services | 3.68% |
Consumer Finance | 2.43% |
Publishing | 1.11% |
Multi-line Insurance | 1.00% |
Food Retail | 0.56% |
Health Care Distributors | 0.27% |
Distributions
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
---|---|---|---|---|---|---|
09/24/2024 | 09/24/2024 | 10/01/2024 | 0.08557 | — | — | |
06/25/2024 | 06/25/2024 | 07/02/2024 | 0.15700 | — | — | |
03/20/2024 | 03/19/2024 | 03/26/2024 | 0.13783 | — | — | |
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.46858 | — | — | |
Record Date09/24/2024 Ex Date09/24/2024 Pay Date10/01/2024 Income Dividend0.08557 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/25/2024 Ex Date06/25/2024 Pay Date07/02/2024 Income Dividend0.15700 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/20/2024 Ex Date03/19/2024 Pay Date03/26/2024 Income Dividend0.13783 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.46858 Short-Term Capital Gain— Long-Term Capital Gain— |
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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.
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