Symbols

DUSL

Direxion Daily Industrials Bull 3X Shares·NYSE

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Key Stats

Assets Under Management

34.63MUSD

Fund Flows (1Y)

-6.70MUSD

Dividend Yield

11.30%

Discount/Premium to NAV

0.17%

Shares Outstanding

500.00K

Expense Ratio

0.98%

About Direxion Daily Industrials Bull 3X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-industrials-bull-3x-etf

Inception Date

May 3, 2017

Structure

Open-Ended Fund

Index Tracked

Industrials Select Sector 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

DUSL is a daily 3X leveraged bet on the S&P Dow Jones Industrials Select Sector Index, a market-cap-weighted index of US-listed industrial sector stocks. The geared 3X nature of DUSL is designed to magnify the daily performance of the index, not to return 300% of the index performance over extended periods of time. Due to compounding and the daily reset function, the fund is meant to be a trading vehicle for investors to make short-term bets on the direction of the industrial sector and not a long-term investment strategy. Compounding becomes more pronounced—and more of a concern—as holding periods increase, and the fund is likely to stray from the returns of the underlying index in such cases.