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Non-Leveraged ETFs

Direxion Work From Home ETF

The Direxion Work From Home ETF seeks investment results, before fees and expenses, that track the Solactive Remote Work Index. There is no guarantee that the fund will achieve its stated investment objective.

WFH

NAV (Net Asset Value)$53.83As of Jun 20, 2024
1 Day NAV change$+0.15(+0.28%)As of Jun 20, 2024
Intra-day Value
WFH.IV
Daily NAV
$53.83
Daily Market Price
$53.81
Expense Ratio
(gross/net %)
0.45 / 0.45*
Daily Volume
2,429
Security Identifier
25460G773
Inception Date
Jun 25, 2020

Operational Updates

  • 01/23/2024
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Documents & Downloads

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.

  • Uses advanced techniques to identify the 40 stocks accelerating greater adaption of remote work
  • Offers exposure to four pillars, across established and emerging technologies at the core of ongoing enterprise spend, that power the ability to work from anywhere efficiently and effectively
  • May be considered a satellite holding to complement other broader positions within a portfolio

Pricing & Performance

NAV and Market Price information as of 06/20/2024.

WFH Direxion Work From Home ETF
Net Asset Value (NAV)
$53.83Nav
$+0.15Change
+0.28%Change
Market Price Closing
$53.81Market
$+0.16Change
+0.30%Change
Premium / Discount
$-0.02Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
WFH NAV
1.07
-8.66
-2.97
10.20
-8.85
2.17
0.45 / 0.45*
06/25/2020
WFH Market Close
0.90
-8.67
-3.02
10.12
-8.86
2.15
0.45 / 0.45*
06/25/2020

As of May 31, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Services Agreement with the Fund. Under this Operating Services Agreement, Rafferty has contractually agreed to pay all expenses of the Fund as long as it is the advisor of the Fund other than the following: management fees, Rule 12b-1 distribution and/or service fees, taxes, swap financing and related costs, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization, acquired fund fees and expenses, 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. For the most recent month-end performance please visit the fund’s website at direxion.com.

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 Solactive Remote Work Index (SOLWFHN) is comprised of U.S. listed securities and American Depository Receipts (“ADRs”) of companies that provide products and services in at least one of the following business segments that facilitate the ability of people to work from home: remote communications, cyber security, online project and document management, and cloud computing technologies (“WFH Industries”). The Index consists of approximately 40 companies, namely, the top 10 ranked companies in each of the four WFH Industries. The Index is equal weighted at each semi-annual reconstitution and rebalance date. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Alphabet Inc
2.87%
Docusign Inc
2.83%
Oracle
2.79%
Ringcentral Inc
2.69%
Xerox Holdings Corp
2.68%
TD Synnex
2.67%
Verizon Communications
2.62%
Microsoft
2.61%
Amazon.Com Inc
2.60%
Servicenow
2.57%

Index Sector Weightings

% of Total
Information Technology
79.82%
Communication Services
17.59%
Consumer Discretionary
2.60%
Index data as of 03/31/2024. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Remote Work Trends By The Numbers

Trends toward a greater adoption of flexible work arrangements were already in motion prior to the COVD-19 pandemic, which has and may continue to accelerate adoption of technologies that enable remote work.

statistics on trends in motion and signs of acceleration

 

[1] Mann, and Adkins (2017): “America’s Coming Workplace: Home Alone”
[2] Kopf (2019): “Slowly but surely, working at home is becoming more common”
[3] Fortune (2020): “Fortune 500 CEO Poll”
[4] PwC (2020): “COVID-19 CFO Pulse Survey”
[5] CNBC/Change Research (2020): “States of Play”

 

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.03277
12/22/202312/21/202312/29/20230.34044
09/20/202309/19/202309/26/20230.02733
12/21/202212/20/202212/28/20220.08898
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.03277
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.34044
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.02733
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.08898
Short-Term Capital Gain
Long-Term Capital Gain

Documents

How to Buy

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 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.

Operational Updates

Documents & Downloads

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