The Direxion Daily Software Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P North American Expanded Technology Software Index. There is no guarantee that the fund will achieve its stated investment objective.
|Fund Symbol||Daily Target||Intra-day Value||Benchmark Index||Security Identifier||Expense Ratio (gross/net %)||Inception Date|
|SWAR||200%||SWAR.IV||SPNASEUT||25460G476||2.41 / 0.98*||Dec 16, 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
The S&P North American Expanded Technology Software Index measures the performance of the constituents of the S&P North American Technology Software Index (the “Underlying Index”) as well as certain eligible supplemental stocks. The Underlying Index measures the performance of U.S. and Canadian stocks that are classified in the application software, systems software and home entertainment software sub-industries of the Global Industry Classification Standard (GICS) information technology sector. At its quarterly rebalances, the Index is weighted by float-adjusted market capitalization, subject to the following diversification requirements: (1) the weight of a single component cannot exceed 8.5%, and (2) the aggregate weight of the Index components with a weight greater than 4.5% cannot exceed 45%. 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 March 28, 2023. Line chart shows pricing trend over the last 30 days.
- 10.61NAV $
- -0.08Change $
- -0.75Change %
- 10.61Market $
- -0.08Change $
- -0.77Change %
|monthly||1M %||3M %||YTD %||1Y %||3Y %||5Y %||10Y %||Since Inception||Inception Date||Expense Ratio*|
(Gross / Net %)
|NAV||-3.52||1.86||16.24||-43.90||—||—||—||-53.70||12/16/2021||2.41 / 0.98*|
|quarterly||1M %||3M %||YTD %||1Y %||3Y %||5Y %||10Y %||Since Inception||Inception Date||Expense Ratio*|
(Gross / Net %)
|NAV||-12.37||—||-65.05||-65.05||—||—||—||-64.42||12/16/2021||2.41 / 0.98*|
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.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized.
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.
|Record Date||Ex Date||Pay Date||Income Dividend||Short-Term Capital Gain||Long-Term Capital Gain|