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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 of the performance of the Financial Select Sector Index (IXMTR). There is no guarantee the funds will meet their stated investment objective.

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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.

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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 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 directly invest in an index.

Index Top 10 Holdings %

Berkshire Hathaway 14.26
JPMorgan 9.55
Bank Of America 6.37
Wells Fargo 4.29
S&P Global 3.38
Morgan Stanley 3.07
Goldman Sachs 2.94
Schwab 2.75
Citigroup 2.58
Blackrock 2.50

Index Sector Weightings %

Banks 33.99
Capital Markets 26.55
Insurance 20.26
Diversified Financial Service 14.26
Consumer Finance 4.79
Not Classified 0.14

Index data as of 06/30/2022. Source: SOLA. Holdings are subject to change.

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Pricing & Performance

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




Distributions

Tax Documents

Download the following Tax Reporting Documents