- Overview
- Performance
- Price Information
- Distributions
| Symbol | Fund | Index/Benchmark | Daily Target | Bloomberg Index Symbol |
| 3x ETFs | ||||
| BGZ | Daily Large Cap Bear 3x Shares | Russell 1000 | -300% | RIY |
Cusip 25459W 854
Inception date 11.05.08
Fund Objective
The Large Cap Bear 3X EFT seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 1000® Index (“Large Cap Index"). There is no guarantee the fund will meet its stated investment objective.
Target Index
The Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current Index membership. The Index represents approximately 90% of the U.S. market and has an average market capitalization of $11.877 billion dollars and a median market capitalization of $4.044 billion dollars as of January 29, 2010. One cannot directly invest in an Index.
Index Sector Weightings
| Financial Services | 17.84% |
| Technology | 16.60% |
| Consumer Discretionary | 12.19% |
| Health Care | 12.12% |
| Producer Durables | 11.36% |
| Energy | 10.42% |
| Consumer Staples | 8.99% |
| Utilities | 6.40% |
| Materials & Processing | 4.08% |
Data as of 6/30/2010 is subject to change at any time.
Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)
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.
Investing in funds that invest in specific industries or geographic regions may be more volatile than investing in broadly diversified funds. The use of leverage by a fund means the Funds are riskier than alternative investments which do not use leverage.
The Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over a longer period of time.
The risks associated with the funds are detailed in the prospectus which include adverse market condition risk, adviser's investment strategy risk, aggressive investment techniques risk, concentration risk, counterparty risk, credit and lower-quality debt securities risk, equity securities risk, currency exchange risk, daily correlation risk, daily rebalancing and market volatility risk, early close/trading halt risk, depository receipt risk, foreign and emerging markets securities risk, sector securities risk, interest rate risk, inverse correlation risk, leverage risk, market risk, non-diversification risk, retail sector risk, shorting risk, small and mid cap company risk, tracking error risk, market timing activity and high portfolio turnover risk, commodities securities risk, geographic concentration risk, valuation time risk, derivatives risk, risks of investing in small- and/or mid-capitalization companies, natural gas sector risk, negative implications of daily goals in volatile markets risk, risks of investing in mining and metal industry securities, commodity-linked derivatives risk, wholly-owned subsidiary risk, tax and distribution risk, options and futures contracts risks, security selection risk, Debt Instrument Risk, Gain Limitation Risk, Real Estate Investment Risk, U.S. Government Securities Risk, and Special Risks of Exchange-Traded Funds.
Distributor: Foreside Fund Services, LLC.