Skip to Main Content
  • Search by ticker
  • Sign up for emails
  • Contact Us
  • 646-291-8907
Leveraged & Inverse ETFs

FAS FAZ

The Direxion Daily Financial Bull (FAS) and Bear (FAZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index. There is no guarantee the funds will meet their stated investment objective.

Related Links

Overview

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.

Documents & Downloads

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.


Target Index

The Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index (RIYFCTR) is a subset of the Russell 1000® Index and measures the performance of US large capitalization companies that are assigned to the Financials Industry by the ICB sector classification framework. The Index is reviewed quarterly and at each review, all companies that have a weight greater than 4.5% in aggregate are no more than 22.5% of the index, and no individual company in the index has a weight greater than 15% of the index. One cannot directly invest in an index.

The underlying index for the Direxion Daily Financial Bull and Bear 3X Shares was changed from the Russell 1000® Index Financials to the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index on February 28, 2022.

Index Top Ten Holdings %

Berkshire Hathaway Inc 9.08
JPMorgan Chase & Co 7.85
Bank of America Corp 5.94
Wells Fargo & Co 4.37
Morgan Stanley 2.96
BlackRock Inc 2.95
Charles Schwab Corp/The 2.85
Goldman Sachs Group Inc/The 2.82
Citigroup Inc 2.70
S&P Global Inc 2.56

Index Sector Weightings %

Financials 99.52
Information Technology 0.48

Index data as of 12/31/2021. Source: SOLA. Index weightings and holdings are subject to change.

 

Watch the Video.


Pricing & Performance

NAV and Market Price information as of . Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.




Distributions

Tax Documents

Download the following Tax Reporting Documents