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Direxion had a number of index changes that will be effective on or about April 22nd, 2022. They are:
Direxion Daily MSCI Real Estate Bull 3X Shares (DRV )
- Fund name changed to the Direxion Daily Real Estate Bull 3X Shares
- Index changed from the MSCI US IMI Real Estate 25/50 Index to the Real Estate Select Sector Index
Direxion Daily MSCI Real Estate Bear 3X Shares (DRN )
- Fund name changed to the Direxion Daily Real Estate Bear 3X Shares
- Index changed from the MSCI US IMI Real Estate 25/50 Index to the Real Estate Select Sector Index
Direxion Daily Financial Bull 3X Shares (FAS )
- Index changed from the Russell 1000 Index – Financials to the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index
Direxion Daily Financial Bear 3X Shares (FAZ )
- Index changed from the Russell 1000 Index – Financials to the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index
Direxion Russell 1000 Value Over Growth ETF (RWVG)
- Index name changed from the Russell 1000 Value/Growth 150/50 Net Spread Index to the Russell 1000 Value/Growth 150/50 Index.
Direxion Russell 1000 Growth Over Value ETF (RWGV)
- Index name changed from the Russell 1000 Growth/Value 150/50 Net Spread Index to the Russell 1000 Growth/Value 150/50 Index.
Additionally, the expense ratios of some Direxion funds have changed. Here are the new ratios:
| Fund | New Gross Expense Ratio | New Net Expense Ratio |
|---|---|---|
| BRZU - Direxion Daily MSCI Brazil Bull 2X Shares | 1.26% | 1.26% |
| CHAD - Direxion Daily CSI 300 China A Share Bear 1X Shares | 0.76% | 0.76% |
| CHAU - Direxion Daily CSI 300 China A Share Bull 2X Shares | 1.05% | 1.05% |
| CLDL - Direxion Daily Cloud Computing Bull 2X Shares | 1.04% | 0.96% |
| CLDS - Direxion Daily Cloud Computing Bear 2X Shares | 1.22% | 0.99% |
| COM - Direxion Auspice Broad Commodity Strategy ETF | 0.72% | 0.72% |
| CWEB - Direxion Daily CSI China Internet Index Bull 2X Shares | 1.32% | 1.32% |
| ERX - Direxion Daily Energy Bull 2x Shares | 0.95% | 0.95% |
| ERY - Direxion Daily Energy Bear 2X Shares | 1.03% | 0.99% |
| INDL - Direxion Daily MSCI India Bull 2X Shares | 1.17% | 1.17% |
| RUSL - Direxion Daily Russia Bull 2X Shares | 1.20% | 1.20% |
| SPDN - Direxion Daily S&P 500 Bear 1X Shares | 0.55% | 0.49% |
| SPUU - Direxion Daily S&P 500 Bull 2X Shares | 0.75% | 0.63% |
| TENG - Direxion Daily 5G Communications Bull 2X Shares | 1.76% | 0.95% |
It is worth noting that Direxion has an expense cap in place, so shareholders never actually pay more than 0.95% for expenses, even if the new net expense ratio is higher than that.
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