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Non-Leveraged ETFs

Direxion MU Defined Income Boost ETF

The Direxion MU Defined Income Boost ETF seeks daily investment results, before fees and expenses, of the performance of the Cboe MU Defined Income Index (MUDI). The fund targets a 20% annual distribution rate.

MUIB

NAV (Net Asset Value)$27.94As of Oct 15, 2026
1 Day NAV change$+0.28(+1.87%)As of Oct 15, 2026
Daily NAV$27.94
Daily Market Price$27.87
Expense Ratio
(gross/net %)
0.99 / 0.97*
Daily Volume1,000
Security Identifier25461H374
Inception DateJul 29, 2026

Operational Updates

  • 07/29/2026
    Direxion launches Direxion MU Defined Income Boost ETF (MUIB)
    Read the Press Release

Documents & Downloads

Why MUIB?

  • Capitalize on MU’s volatility – MUIB uses this high volatility profile to generate income.
  • Target Income – Designed to distribute income twice a month without giving up all of the stock’s potential performance. The fund targets a 20% annual distribution rate. The occurrence and amount of any such distributions depend on the performance of the underlying security relative to the options sold and are not guaranteed.
  • Easy Access to a Sophisticated Strategy – MUIB delivers a risk-managed options strategy in an ETF through a transparent, rules-based Cboe index.

Distribution Rate*: 20.00% (as of 10/15/26)
30-Day SEC Yield**: 2.10% (as of 9/30/26)

The Fund currently expects to make distributions twice a month. Distributions are not guaranteed and there can be no assurance as to the amount or timing of any such distributions. These distributions may exceed the Fund’s income and gains for the Fund’s taxable year. Distributions in excess of the Fund’s current and accumulated earnings and profits will be treated as a return of capital. Distributions rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Please see the Fund’s Rule 19a-1 Documents section below for more information on the distribution composition, including the estimated return of capital.

Pricing & Performance

NAV and Market Price information as of 10/15/2026.

MUIB Direxion MU Defined Income Boost ETF
Net Asset Value (NAV)
$27.94Nav
$+0.28Change
+1.87%Change
Market Price Closing
$27.87Market
$+0.13Change
+1.34%Change
Premium / Discount
$-0.07Change from Last Day Trading
Premium/Discount tool
1M3MYTD1Y3Y5Y10YSince
Inception
(07/29/2026)
Expense Ratio*
(Gross / Net%)
MUIB NAV
13.13
—
—
—
—
—
—
34.39
0.99 / 0.97*
MUIB Market Close
13.40
—
—
—
—
—
—
34.39
0.99 / 0.97*

As of September 30, 2026

* 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 a Fund for Other Expenses through September 1, 2027, to the extent that a 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. 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 a 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

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainReturn of CapitalExpand
10/15/202610/15/202610/16/20260.24034——66.0%
09/30/202609/30/202610/01/20260.57925———
09/15/202609/15/202609/16/20260.24931——85.0%
08/28/202608/28/202608/31/20260.23967——88.0%
Record Date10/15/2026
Ex Date10/15/2026
Pay Date10/16/2026
Income Dividend0.24034
Short-Term Capital Gain—
Long-Term Capital Gain—
Return of Capital66.0%
Record Date09/30/2026
Ex Date09/30/2026
Pay Date10/01/2026
Income Dividend0.57925
Short-Term Capital Gain—
Long-Term Capital Gain—
Return of Capital—
Record Date09/15/2026
Ex Date09/15/2026
Pay Date09/16/2026
Income Dividend0.24931
Short-Term Capital Gain—
Long-Term Capital Gain—
Return of Capital85.0%
Record Date08/28/2026
Ex Date08/28/2026
Pay Date08/31/2026
Income Dividend0.23967
Short-Term Capital Gain—
Long-Term Capital Gain—
Return of Capital88.0%

Index Information

The Cboe MU Defined Income Index is designed to track the performance of an investment strategy that systematically attempts to collect a target amount of income from option premiums by writing (selling) weekly, out-of-the-money equity call options on an underlying security (i.e., common shares of Micron Technology, Inc. (NASDAQ: MU) (“MU”)) based on the Index’s target distribution amount, with daily delta hedging conducted through long positions in the underlying security. The Index’s target distribution amount is set by Cboe Global Indices, LLC and is currently set at an annualized rate of 20%. One cannot directly invest in an index.

Single Stock Exposure

Micron Technology, Inc. is a semiconductor company that produces computer memory and computer data storage, including dynamic random-access memory, flash memory, and USB flash drives. MU is registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided to or filed with the Securities and Exchange Commission by Micron Technology, Inc. pursuant to the Exchange Act can be located by reference to the Securities and Exchange Commission file number 001-10658 through the Securities and Exchange Commission’s website at www.sec.gov. In addition, information regarding Micron Technology, Inc. may be obtained from other sources including, but not limited to, press releases, newspaper articles and other publicly disseminated documents.

Documents

Operational Updates

Documents & Downloads

Upcoming Scheduled Distribution Calendar

Declaration EX / Record Pay Date
10/29/2026 10/30/2026 11/2/2026
11/12/2026 11/13/2026 11/16/2026
11/27/2026 11/30/2026 12/1/2026
12/14/2026 12/15/2026 12/16/2026
12/30/2026 12/31/2026 1/4/2027

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