Direxion Daily Financial Bear 3X SharesFAZ:PCQ:USD

16.72
0.99 / 5.59%
15.29 - 27.02-2.07
Close in USDToday's change52-week range3-yr sharpe ratio
Data delayed at least 15 minutes, as of Oct 21 2014 21:00 BST.

Objective

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.

Profile

Fund typeOpen Ended Investment Company
Morningstar categoryTrading-Inverse Equity
Launch date06/11/2008
Price currencyUSD
DomicileUnited States
SymbolFAZ
Manager & start date
Paul Brigandi
06/11/2008

Investment

Total net assets
345.23m USDAs of Sep 30 2014
Market cap280.11m USD
Shares outstanding16.75m
Average volume (10-day)8.51m
Net expense ratio1.02%
Last dividend--
Div yield0.00%
Div ex-date--
Div pay-date--
Available for saleMexico, Netherlands, United States

Diversification

Asset type

Cash
380.55%
Non-US bond
0.00%
Other
0.00%
US stock
0.00%
US bond
0.00%
Non-US stock
-280.55%

Top 5 sectors

Cash & Equivalents
400.51%

Top 5 Regions

Regional weighting data is unavailable.

Sector and region weightings are calculated using only long position holdings of the portfolio.

Sector & regional holdings

Top 5 holdings

Company1 year
change
Portfolio
weight
Short
allocation
Long
allocation
Russ 1000 Finan Indx Swap---112.17%
Russ 1000 Finan Indx Swap---51.20%
Russ 1000 Finan Indx Swap---34.31%
Dreyfus Instl Cash Advantage Instl--33.11%
Russ 1000 Finan Indx Swap---23.74%
Data delayed at least 15 minutes, as of Sep 30 2014.Top 10 holdings
Intra-day ETF pricing data provided by
© Thomson Reuters Click for restrictions.

The performance data shown in tables and graphs on this page is calculated in USD of the fund / index / average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

All managed funds data located on FT.com is subject to the FT Terms & Conditions . All content on FT.com is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.

All data shown on this page, unless noted otherwise is Data Source and Copyright: Morningstar, Inc. 2014
All Rights reserved

© 2014 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Equity Style Box is a unique graphical tool showing a fund’s true investment style and market capitalisation.

The Morningstar Fixed Income Style Box is a unique graphical tool showing a fund's true credit quality and duration.

Pricing for ETFs is the latest price and not "real time". Share price information may be rounded up/down and therefore not entirely accurate. FT is not responsible for any use of content by you outside its scope as stated in the FT Terms & Conditions.