MSGR
The Direxion mRNA ETF (MSGR) seeks investment results, before fees and expenses, that track the BITA Messenger RNA Technology Index (BMRNAIN); investing in U.S., Canadian and European companies that are leading the development of messenger RNA technology. There is no guarantee that the fund will achieve its stated investment objective.
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Overview
Fund Information
| Fund Symbol | Intra-day Value | Benchmark Index | Security Identifier | Expense Ratio (gross/net %) | Inception Date |
|---|---|---|---|---|---|
| MSGR | MSGR.IV | BMRNAIN | 25460G427 | 0.65 / 0.65* | Dec 09, 2021 |
The Direxion mRNA ETF (MSGR) provides exposure to companies that are leading the development and application of messenger RNA (“mRNA”) technology.
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Target Index
The BITA Messenger RNA Technology Index (BMRNAIN) provides exposure to the performance of companies, publicly listed in the United States, Canada and Europe, that are leading the development and application of messenger RNA (“mRNA”) technology. mRNA is a single-stranded ribonucleic acid (“RNA”) molecule that is complementary to one of the DNA strands of a gene. mRNA plays a vital role in protein synthesis in the human body, and mRNA technologies leverage this vital role to enable targeted cells to produce proteins that enable the body to fight or prevent a given disease. As an example, mRNA technology is the basis for certain COVID-19 vaccines. Eligible companies must meet certain conditions as specified by the Index Provider as well as market capitalization and liquidity requirements. Index constituents are weighted based on a modified free float market capitalization and reconstituted and rebalanced quarterly. One cannot directly invest in an index.
Index Construction
Initial Universe Criteria—Companies must satisfy at least one of the below conditions:
- Be involved in the commercialization of products and therapies based on Messenger RNA technology, or sister RNA technologies (Small Interfering RNA, Micro RNA)
- Be classified as a clinical stage biotechnology company, with focus in the development of products and therapies that leverage the messenger RNA technology
- Have a portfolio of active, approved, mRNA technology-focused clinical trials
- Have any granted, active patents, with demonstrated involvement of the messenger RNA technology
Final Universe Criteria—Companies must then satisfy a minimum thematic exposure of 50% based on revenue exposure: For this index, in order to calculate the thematic exposure score, the following criteria is applied (if a company satisfies more than one criteria, the largest exposure score applies):
- Companies deriving at least 50% of their revenue from the commercialization of products and therapies based on Messenger RNA technology, or sister RNA technologies (Small Interfering RNA, Micro RNA), are attributed a thematic exposure score of 100%
- Companies with a declared (evidenced on company headline communication) focus on the development and commercialization of mRNA technology based products and therapies are attributed a thematic exposure score of 80%
- Companies with a portfolio of active, approved, mRNA technology- focused clinical trials, representing at least 50% of the total number of active clinical trials launched by the company, are attributed a thematic exposure score of 80%
- Clinical-stage companies, with at least one active, approved, mRNA technology-focused clinical trial, are attributed a thematic exposure score of 50%
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Pricing & Performance
NAV and Market Price information as of March 28, 2023. Line chart shows pricing trend over the last 30 days.
- MSGR
- 12.88NAV $
- -0.08Change $
- -0.62Change %
- 12.90Market $
- -0.22Change $
- -1.70Change %
| monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -11.79 | -0.21 | -1.26 | -22.56 | — | — | — | -37.46 | 12/09/2021 | 0.65 / 0.65* |
| Market Close | -11.79 | -0.23 | -1.03 | -22.44 | — | — | — | -37.38 |
| quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1.06 | 5.24 | -39.72 | -39.72 | — | — | — | -41.07 | 12/09/2021 | 0.65 / 0.65* |
| Market Close | 0.81 | 5.04 | -40.03 | -40.03 | — | — | — | -41.12 | ||
| BMRNAIN | 1.07 | 5.50 | -39.54 | -39.54 | — | — | — | -40.97 | — | - |
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.
Distributions
- MSGR
| 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 | 0.33698 | — | — |