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| Symbol | Fund | Index/Benchmark | Daily Target | Bloomberg Index Symbol |
| 3x ETFs | ||||
| FAS | Daily Financial Bull 3x Shares | Russell 1000 Financial Services | 300% | RGUSFL |
Cusip 25459Y 694
Inception date 11.06.08
Fund Objective
The Financial Bull 3X ETF seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000® Financial Services Index ("Financial Index"). There is no guarantee the fund will meet its stated investment objective.
Target Index
The Russell 1000® Financial Services Index is a subset of the Russell 1000® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. As of September 30, 2011, the Index had an average market capitalization of over $10.09 billion dollars and a median market capitalization of $3.77 billion dollars. One cannot directly invest in an Index.
Index Sector Weightings
| Diversified Banks | 20.21% |
| Diversified Financial Serv | 19.60% |
| Real Estate Investment Trusts | 16.26% |
| Insurance: Multi-Line | 11.58% |
| Financial Data & Systems | 11.50% |
| Insurance: Property-Casualty | 6.88% |
| Asset Management & Custodian | 5.29% |
| Insurance: Life | 3.60% |
| Securities Brokerage & Service | 2.80% |
| Banks: Savings, Thrift & Mortgages | 0.98% |
| Real Estate | 0.59% |
| Consumer Lending | 0.37% |
| Commercial Finance & Mortgage | 0.34% |
Data as of 03/31/2012 is subject to change at any time.
Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)
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An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Shares. Click here to obtain a prospectus and summary prospectus. The prospectus and summary prospectus should be read carefully before investing.
The Funds are designed to be utilized only by sophisticated investors, such as traders and active investors employing dynamic strategies. Such investors are expected to monitor and manage their portfolios frequently. Investors in the Funds should (a) understand the consequences of seeking daily investment results, (b) understand the risk of shorting, and (c) intend to actively monitor and manage their investments.
An investment in the Funds involve risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, leverage, compounding, market volatility and specific risks regarding each sector, please read the prospectus.
Distributor: Foreside Fund Services, LLC.