Direxion Daily MSCI Emerging Markets Bull and Bear 3X Shares


The Direxion Daily MSCI Emerging Markets Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%,  or 300% of the inverse (or opposite), of the performance of the MSCI Emerging Markets IndexSMThere is no guarantee these funds will meet their stated investment objectives.

These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single dayThe funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Strategy & Benefits

Key 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 ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Target Index

The MSCI Emerging Market IndexSM (NDUEEGF)is a free float-adjusted market capitalization weighted index that is designed to represent the performance of large- and mid-capitalization securities across emerging markets countries. One cannot directly invest in an index.

Index Top Ten Holdings %

Tencent Holdings 4.56
Alibaba Group Holding 4.44
Taiwan Semicont 4.03
Samsung Electric 3.66
China Construction 1.37
Naspers 1.24
Ping An 1.20
Reliance Industries 1.00
China Mobile 0.95
Housing Development Finance 0.85

Index Country Weightings %

China 26.91
Korea 12.15
Taiwan 11.45
India 8.85
Brazil 7.55
South Africa 4.49
Hong Kong 4.36
Russia 3.88
Thailand 2.90
Saudi Arabia 2.60
Mexico 2.51
Indonesia 2.07
Malaysia 2.04
Philippines 1.09
Qatar 1.01
Poland 0.99
Chile 0.95
U.A.E. 0.72
Turkey 0.58
United States 0.57
Colombia 0.41
Peru 0.33
Greece 0.30
Hungary 0.29
Cayman Isl. 0.18
Egypt 0.15
Czech Rep. 0.14
Argentina 0.13
U.K. 0.12
Netherlands 0.08
Isle of Man 0.06
Luxembourg 0.05
Singapore 0.04
Pakistan 0.03
Belgium 0.01
Australia 0.01
Bermuda 0.01

Index data as of 09/30/2019. Source: Bloomberg. Index country weightings and top holdings are subject to change.

Tax Documents

Download the following Tax Reporting Documents

  • Form 8937 – (2018)

Pricing and Performance

NAV and Market Price information as of November 18, 2019. Line chart shows pricing trend over the last 30 days.

fund symbol


  • Net asset value (NAV)

    • 75.19
    • -0.38
    • -0.50
  • market price closing

    • 75.26
    • -0.27
    • -0.36
  • Premium / Discount

    • 0.07

fund symbol


  • Net asset value (NAV)

    • 40.57
    • 0.20
    • 0.50
  • market price closing

    • 40.54
    • 0.15
    • 0.37
  • Premium / Discount

    • -0.03

* 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 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, 2020, to the extent that the 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 www.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.


  • EDC
  • Daily MSCI Emerging Markets Bull 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/25/2019 09/24/2019 10/01/2019 0.04288
06/26/2019 06/25/2019 07/02/2019 0.29138
03/20/2019 03/19/2019 03/26/2019 0.52021
12/28/2018 12/27/2018 01/04/2019 0.01825
03/21/2018 03/20/2018 03/27/2018 0.47048
12/20/2017 12/19/2017 12/27/2017 0.31953
  • EDZ
  • Daily MSCI Emerging Markets Bear 3X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
09/25/2019 09/24/2019 10/01/2019 0.14423
06/26/2019 06/25/2019 07/02/2019 0.18549
03/20/2019 03/19/2019 03/26/2019 0.14864
12/28/2018 12/27/2018 01/04/2019 0.24872
09/26/2018 09/25/2018 10/02/2018 0.09892
03/21/2018 03/20/2018 03/27/2018 0.01159