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Mutual Funds

Direxion Monthly NASDAQ-100 Bull 1.25X Fund

The Direxion Monthly NASDAQ-100® Bull 1.25X Funds seeks monthly investment results, before fees and expenses, of 125%, of the calendar month performance of the NASDAQ-100® Index. There is no guarantee the funds will achieve its stated investment objective.

DXNLX

NAV (Net Asset Value)$71.23As of May 20, 2024
1 Day NAV change$+0.59(+0.84%)As of May 20, 2024
Monthly Target
+125%
Daily NAV
$71.23
Expense Ratio
(gross/net %)
2.38 / 1.27*
Security Identifier
25460D101
Inception Date
Mar 31, 2016

Documents & Downloads

  • DXNLX Fact Sheet (pdf)
  • DXNLX 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.

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.

Pricing & Performance

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

DXNLX Monthly NASDAQ-100 Bull 1.25X Fund
Net Asset Value (NAV)
$71.23Nav
$+0.59Change
+0.84%Change
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
DXNLX NAV
-5.79
1.59
3.68
37.39
7.43
19.57
21.03
2.38 / 1.27*
03/31/2016

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 1.15%. 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, 2025, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 1.15% 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 NASDAQ-100® Index (XNDX) includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market® based on market capitalization. All companies listed on the index have an average daily trading volume of at least 200,000 shares. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Microsoft
8.75%
Apple
7.41%
Nvidia
6.32%
Amazon.Com Inc
5.25%
Meta Platforms
4.76%
Broadcom Limited
4.44%
Alphabet Inc Class A
2.49%
Alphabet Inc Class C
2.42%
Tesla
2.37%
Costco Wholesale
2.35%

Index Sector Weightings

% of Total
Information Technology
49.80%
Communication Services
15.50%
Consumer Discretionary
12.99%
Consumer Staples
6.43%
Health Care
6.29%
Industrials
4.84%
Materials
1.62%
Utilities
1.24%
Financials
0.52%
Energy
0.50%
Real Estate
0.29%
Index data as of 03/31/2024. Index sector weightings and top holdings are subject to change.

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/29/202301/02/202401/02/20240.13525
Record Date12/29/2023
Ex Date01/02/2024
Pay Date01/02/2024
Income Dividend0.13525
Short-Term Capital Gain
Long-Term Capital Gain

Documents

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