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Mutual Funds

Direxion Monthly 7-10 Year Treasury Bull and Bear 1.75X Funds

The Direxion Monthly 7-10 Year Treasury Bull & Bear 1.75X Funds seek monthly investment results, before fees and expenses, of 175%, or 175% of the inverse (or opposite), of the calendar month performance of the ICE U.S. Treasury 7-10 Year Bond Index. There is no guarantee the funds will achieve their stated investment objectives.

DXKLX

NAV (Net Asset Value)$23.34As of May 20, 2024
1 Day NAV change$-0.06(-0.28%)As of May 20, 2024

DXKSX

NAV (Net Asset Value)$28.92As of May 20, 2024
1 Day NAV change$+0.09(+0.32%)As of May 20, 2024
DXKLXMonthly 7-10 Year Treasury Bull 1.75X Fund
Monthly Target
+175%
Daily NAV
$23.34
Expense Ratio
(gross/net %)
1.82 / 1.46*
Security Identifier
254939689
Inception Date
Mar 31, 2005
DXKSXMonthly 7-10 Year Treasury Bear 1.75X Fund
Monthly Target
-175%
Daily NAV
$28.92
Expense Ratio
(gross/net %)
2.15 / 1.41*
Security Identifier
254939184
Inception Date
May 17, 2004

Documents & Downloads

  • DXKLX DXKSX Fact Sheet (pdf)
  • DXKLX Prospectus
  • DXKSX Prospectus
  • Current Exposure Tool

Direxion’s Leveraged Index-based Funds seek to provide monthly returns which are a multiple of the returns of the relevant benchmark. In practice, this means that Leveraged Index-based Funds react to gains by increasing market exposure and react to losses by decreasing market exposure.

Pricing & Performance

NAV and Market Price information as of 05/20/2024.

DXKLX Monthly 7-10 Year Treasury Bull 1.75X Fund
Net Asset Value (NAV)
$23.34Nav
$-0.06Change
-0.28%Change
DXKSX Monthly 7-10 Year Treasury Bear 1.75X Fund
Net Asset Value (NAV)
$28.92Nav
$+0.09Change
+0.32%Change
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
DXKLX NAV
-6.00
-9.21
-9.58
-15.25
-13.75
-6.16
-1.89
2.42
1.82 / 1.46*
03/31/2005
DXKSX NAV
6.50
10.73
11.39
21.42
14.17
4.00
-1.36
-6.55
2.15 / 1.41*
05/17/2004

As of April 30, 2024

*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 1.35%. The Funds’ Adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2025, to the extent that each Fund’s Total Annual Fund Operating Expenses exceed 1.35% 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 net 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 funds 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 ICE U.S. Treasury 7-10 Year Bond Index (IDCOT7) is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than seven years and less than or equal to ten years. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are zero-coupon STRIPS, inflation linked securities, floating rate notes, cash management and treasury bills and any government agency debt issued with or without a government guarantee. One cannot invest directly 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 and inverse Mutual Funds are tools built to help you:

  • Provide monthly targeted magnified exposure to a diversified set of benchmark indexes
  • Use precise derivative options to seek to optimize benchmark trading accuracy
  • Seek to reduce the impact of compounding through the use of monthly rebalancing

Leveraged mutual funds pursue monthly leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek to magnify the returns of their benchmarks on a monthly basis and should not be expected to track the underlying index over periods longer than one month. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Distributions

DXKLX Monthly 7-10 Year Treasury Bull 1.75X Fund

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/29/202301/02/202401/02/20240.25674
Record Date12/29/2023
Ex Date01/02/2024
Pay Date01/02/2024
Income Dividend0.25674
Short-Term Capital Gain
Long-Term Capital Gain

DXKSX Monthly 7-10 Year Treasury Bear 1.75X Fund

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
04/15/202404/16/202404/16/20240.57072
03/15/202403/18/202403/18/20241.01020
12/07/202312/08/202312/08/20232.53030
Record Date04/15/2024
Ex Date04/16/2024
Pay Date04/16/2024
Income Dividend0.57072
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/15/2024
Ex Date03/18/2024
Pay Date03/18/2024
Income Dividend1.01020
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/07/2023
Ex Date12/08/2023
Pay Date12/08/2023
Income Dividend2.53030
Short-Term Capital Gain
Long-Term Capital Gain

Documents

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