Symbols

KORU

Direxion Daily MSCI South Korea Bull 3X Shares·NYSE

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Key Stats

Assets Under Management

242.67MUSD

Fund Flows (1Y)

-69.39MUSD

Dividend Yield

0.47%

Discount/Premium to NAV

-0.14%

Shares Outstanding

1.28M

Expense Ratio

1.32%

About Direxion Daily MSCI South Korea Bull 3X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

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

Inception Date

Apr 10, 2013

Structure

Open-Ended Fund

Index Tracked

MSCI Korea 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

KORU is an aggressive, one-day bet on South Korean equities. The fund seeks to provide 3x the performance of the MSCI Korea 25/50 Index. Samsung Electronics makes up a big chunk of the index, so any large swings in the electronics giant's stock will likely be amplified in KORU's returns. The fund rebalances its leverage on a daily basis, so KORU is strictly meant to be a short-term trading vehicle—if held for longer periods, the compounding effects of the daily rebalance could lead to significant differences from the expected returns path.