Symbols

BRZU

Direxion Daily MSCI Brazil Bull 2X Shares·ARCA

--(--)

Key Stats

Assets Under Management

108.18MUSD

Fund Flows (1Y)

-81.84MUSD

Dividend Yield

2.89%

Discount/Premium to NAV

0.03%

Shares Outstanding

1.36M

Expense Ratio

1.22%

About Direxion Daily MSCI Brazil Bull 2X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

http://www.direxioninvestments.com/products/direxion-daily-brazil-bull-3x-etf

Inception Date

Apr 10, 2013

Structure

Open-Ended Fund

Index Tracked

MSCI Brazil 25/50 Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

BRZU, as a levered product, is not a buy-and-hold ETF, it's a short-term tactical instrument. The fund invests in large- and mid-cap companies in Brazil. Like many levered funds, it delivers 2x exposure only for one day. Over longer periods, returns can vary significantly from 2x exposure to its underlying index, so it should not be expected to provide index leverage return greater than a one-day period. Prior to March 31, 2020, the fund provided 3x daily exposure to the same index.