FNGG
The Direxion Daily NYSE FANG+ Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the NYSE FANG+ Index. There is no guarantee that the fund will achieve its stated investment objective.
Overview
Fund Information
Fund Symbol | Daily Target | Intra-day Value | Benchmark Index | Security Identifier | Expense Ratio (gross/net %) | Inception Date |
---|---|---|---|---|---|---|
FNGG | 200% | FNGG.IV | NYFANGT | 25460G161 | 1.17 / 0.98* | Sep 30, 2021 |
This leveraged ETF seeks a return that is 200% of 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.
Documents & Downloads
Target Index
NYSE FANG+ Index (NYFANGT) is an equal-dollar weighted Index designed to track the performance of 10 highly-traded growth stocks of technology and tech-enabled companies. The Index is comprised of the securities of U.S.-listed companies that ICE Data Indices, LLC (the “Index Provider”) has identified as FANG+ companies, which are comprised of the six FAANMG companies and four non-FAANMG companies. The Index Provider defines the FAANMG as Meta Platforms Inc. (META), Apple Inc. (AAPL), Amazon.com Inc. (AMZN), Netflix Inc. (NFLX), Microsoft Corp. (MSFT), and Alphabet Inc. Class A (GOOGL). The Index is reconstituted quarterly. One cannot directly invest in an index.
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 2X 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.
Pricing & Performance
NAV and Market Price information as of June 08, 2023. Line chart shows pricing trend over the last 30 days.
- FNGG
- 70.83NAV $
- 2.76Change $
- 4.05Change %
- 70.90Market $
- 2.58Change $
- 3.78Change %
monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
---|---|---|---|---|---|---|---|---|---|---|
NAV | 35.84 | 65.44 | 120.06 | 17.96 | — | — | — | -53.28 | 09/30/2021 | 1.17 / 0.98* |
Market Close | 36.88 | 66.42 | 121.82 | 17.89 | — | — | — | -53.16 |
quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
---|---|---|---|---|---|---|---|---|---|---|
NAV | 25.79 | 67.32 | 67.32 | -59.85 | — | — | — | -64.24 | 09/30/2021 | 1.17 / 0.98* |
Market Close | 25.74 | 67.60 | 67.60 | -60.16 | — | — | — | -64.28 | ||
NYFANGT | 13.00 | — | — | — | — | — | — | — | — | - |
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 0.95%. 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, 2024, 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.
Distributions
- FNGG
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain |
---|---|---|---|---|---|
03/22/2023 | 03/21/2023 | 03/28/2023 | 0.07562 | — | — |
12/10/2021 | 12/09/2021 | 12/16/2021 | 0.00000 | 1.18072 | — |