Direxion Daily Russia Bull 2X Shares

  • FUND SYMBOL

    RUSL

  • DAILY TARGET

    200%

  • INTRA-DAY INDICATIVE VALUE

    RUSL.IV

  • BLOOMBERG INDEX

    MVRSXTR

  • CUSIP

    25490K273

  • EXPENSE RATIO (GROSS/NET %)

    1.23 / 1.23*

  • INCEPTION DATE

    May 25, 2011

Overview

Special Notices:

  • Effective after market close on March 31, 2020, the Direxion Daily Russia Bull 3X Shares (RUSL) changed its investment objective and daily leverage from 300% to 200%. Read More.

The Direxion Daily Russia Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% performance of the MVIS Russia Index which invests in Russian stocks.** There is no guarantee that the fund will achieve its stated investment objective.

This leveraged ETF seeks a return that is 200% of the return of its benchmark index for a single day. The fund should not be expected to provide 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% of the performance of the MVIS Russia 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 MVIS Russia Index (MVRSXTR) is a rules-based index, intended to represent the overall performance of publically traded companies that are domiciled and primarily listed on an exchange in Russia or that are not Russian companies, but nonetheless generate at least 50% of their revenues in Russia. One cannot directly invest in an index.

Index Top Ten Holdings %

Pjsc Gazprom 8.19
Lukoil Oao 7.42
Sberbank Of Russi 6.56
Mmc Norilsk Nickel Pjsc 6.01
Novatek Pjsc 5.83
Rosneft Ojsc 5.26
Ao Tatneft 4.97
Public Joint Stock Polyus 4.79
Surgutneftegaz Public 4.73
Yandex 4.52

Index Sector Weightings %

Energy 40.07
Materials 25.87
Communication Services 13.46
Financials 10.25
Consumer Staples 7.56
Utilities 2.79

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

RUSL

  • Net asset value (NAV)

    • 14.73
    • -0.35
    • -2.32
  • market price closing

    • 14.76
    • -0.32
    • -2.12
  • Premium / Discount

    • 0.03

The performance shown prior to April 1, 2020, reflects the Fund's previous daily leveraged investment objective, before fees and expenses, of 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 0.92%. 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, 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 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 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

  • RUSL
  • Daily Russia Bull 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 0.11738
12/24/2019 12/23/2019 12/31/2019 0.01156
09/25/2019 09/24/2019 10/01/2019 0.06170
06/26/2019 06/25/2019 07/02/2019 0.06544
03/20/2019 03/19/2019 03/26/2019 0.78611