Symbols

TECL

Direxion Daily Technology Bull 3X Shares·NYSE

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Key Stats

Assets Under Management

3.61BUSD

Fund Flows (1Y)

-362.50MUSD

Dividend Yield

7.87%

Discount/Premium to NAV

0.22%

Shares Outstanding

33.60M

Expense Ratio

0.91%

About Direxion Daily Technology Bull 3X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-technology-bull-bear-3x-etfs

Inception Date

Dec 17, 2008

Structure

Open-Ended Fund

Index Tracked

Technology 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

TECL provides 3x levered exposure to the S&P Technology Select Sector Index, reset daily. Like all levered funds, it tends to underperform in volatile markets if held for longer than its reset period, and is only suitable for short-term trading positions. The underlying index (tracked in unlevered form by SSgA's XLK) consists of all tech companies in the S&P 500. This broad definition of the tech sector means TECL contains names traditionally thought of in technology in addition to those in diversified telecommunications services, communications equipment, semiconductors, and office electronics. However, the portfolio is concentrated in just a few names. It is important to clearly understand the risks in using such leverage. In addition, this product should only be utilized by those who actively manage their investments.