Symbols

INDL

Direxion Daily MSCI India Bull 2X Shares·ARCA

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Key Stats

Assets Under Management

62.13MUSD

Fund Flows (1Y)

-14.62MUSD

Dividend Yield

3.09%

Discount/Premium to NAV

-0.06%

Shares Outstanding

1.10M

Expense Ratio

1.24%

About Direxion Daily MSCI India Bull 2X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

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

Inception Date

Mar 11, 2010

Structure

Open-Ended Fund

Index Tracked

MSCI India 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

INDL provides an aggressive, daily 2x leveraged bet on the MSCI India Index. Anyone holding INDL for longer than a single trading day will be exposed to the effects of compounding, which means that the 2x multiple may not be achieved. Prior to January 3, 2017, INDL tracked the Indus India Index, and prior to October 30, 2020, the fund's leverage factor was daily 3x exposure. Its current index, the MSCI India Index, broadened INDL's exposure to cover approximately 85% of companies by market capitalization. The index is also rebalanced semi-annually.