Direxion Daily Energy Bull and Bear 2X Shares

  • FUND SYMBOL

    ERX

  • DAILY TARGET

    200%

  • INTRA-DAY INDICATIVE VALUE

    ERX.IV

  • BLOOMBERG INDEX

    IXETR

  • CUSIP

    25460G609

  • EXPENSE RATIO (GROSS/NET %)

    1.07 / 1.06*

  • INCEPTION DATE

    Nov 06, 2008

  • FUND SYMBOL

    ERY

  • DAILY TARGET

    -200%

  • INTRA-DAY INDICATIVE VALUE

    ERY.IV

  • BLOOMBERG INDEX

    IXETR

  • CUSIP

    25460E554

  • EXPENSE RATIO (GROSS/NET %)

    1.15 / 1.07*

  • INCEPTION DATE

    Nov 06, 2008

Overview

Special Notices:

  • Effective after market close on March 31, 2020, the Direxion Daily Energy Bull and Bear 2X Shares changed their investment objectives and daily leverage from 300%/-300% to 200%/-200%. Read More.

The Direxion Daily Energy Bull and Bear 2X Shares seeks daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the Energy Select Sector Index.** There is no guarantee the funds will meet their stated investment objectives.

These leveraged ETFs seek a return that is 200% or -200% of the return of their benchmark index for a single day. The funds should not be expected to provide two times or negative two times the return of the benchmark’s cumulative return for periods greater than a day.

** Through March 31, 2020, the Fund sought daily leveraged investment results, before fees and expenses, of 300% or -300%, of the performance of the Energy Select Sector Index.

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 2X 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 Energy Select Sector Index (IXETR) is provided by S&P Dow Jones Indices and includes domestic companies from the energy sector which includes the following industries: oil, gas and consumable fuels; and energy equipment and services. One cannot directly invest in an index.

Index Top Ten Holdings %

Chevron Texaco 23.65
Exxon 23.06
Phillips 66 4.66
ConocoPhillips 4.62
EOG Resources 4.48
Kinder Morgan 4.45
Schlumberger 4.00
Valero Energy 3.99
Williams 3.67
Marathon Petroleum 3.28

Index Sector Weightings %

Oil, Gas & Consumable Fuels 91.47
Energy Equipment & Services 8.53

Index data as of 03/31/2020. Source: Bloomberg. Index sector 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 May 22, 2020. Line chart shows pricing trend over the last 30 days.

fund symbol

ERX

  • Net asset value (NAV)

    • 15.90
    • -0.22
    • -1.36
  • market price closing

    • 15.92
    • -0.20
    • -1.24
  • Premium / Discount

    • 0.02

fund symbol

ERY

  • Net asset value (NAV)

    • 54.45
    • 0.69
    • 1.28
  • market price closing

    • 54.33
    • 0.55
    • 1.02
  • Premium / Discount

    • -0.12

The performance shown prior to April 1, 2020, reflects the Funds' previous daily leveraged investment objectives, before fees and expenses, of 300% or -300%, of the performance of the Index.

* 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, 2021, 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 inancing 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 fund's 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.

Distributions

  • ERX
  • Daily Energy Bull 2X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
12/24/2019 12/23/2019 12/31/2019 0.07369
09/25/2019 09/24/2019 10/01/2019 0.07119
03/20/2019 03/19/2019 03/26/2019 0.12762
12/28/2018 12/27/2018 01/04/2019 0.08183
09/26/2018 09/25/2018 10/02/2018 0.11352
06/20/2018 06/19/2018 06/26/2018 0.27416
  • ERY
  • Daily Energy Bear 2X Shares
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
03/25/2020 03/24/2020 03/31/2020 0.14963
12/24/2019 12/23/2019 12/31/2019 0.07556
09/25/2019 09/24/2019 10/01/2019 0.12965
06/26/2019 06/25/2019 07/02/2019 0.20519
03/20/2019 03/19/2019 03/26/2019 0.17868
12/28/2018 12/27/2018 01/04/2019 0.20497
09/26/2018 09/25/2018 10/02/2018 0.07126