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  1. Leveraged & Inverse ETF Channel
  2. Direxion Makes Index and Expense Ratio Changes
Leveraged & Inverse ETF Channel
Share

Direxion Makes Index and Expense Ratio Changes

Evan HarpMar 03, 2022
2022-03-03

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 B-)

  • 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 B+)

  • 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 A)

  • 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 A-)

  • 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 B+)

  • 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 C+)

  • 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:

FundNew Gross Expense RatioNew Net Expense Ratio
BRZU - Direxion Daily MSCI Brazil Bull 2X Shares1.26%1.26%
CHAD - Direxion Daily CSI 300 China A Share Bear 1X Shares0.76%0.76%
CHAU - Direxion Daily CSI 300 China A Share Bull 2X Shares1.05%1.05%
CLDL - Direxion Daily Cloud Computing Bull 2X Shares1.04%0.96%
CLDS - Direxion Daily Cloud Computing Bear 2X Shares1.22%0.99%
COM - Direxion Auspice Broad Commodity Strategy ETF0.72%0.72%
CWEB - Direxion Daily CSI China Internet Index Bull 2X Shares1.32%1.32%
ERX - Direxion Daily Energy Bull 2x Shares0.95%0.95%
ERY - Direxion Daily Energy Bear 2X Shares1.03%0.99%
INDL - Direxion Daily MSCI India Bull 2X Shares1.17%1.17%
RUSL - Direxion Daily Russia Bull 2X Shares1.20%1.20%
SPDN - Direxion Daily S&P 500 Bear 1X Shares0.55%0.49%
SPUU - Direxion Daily S&P 500 Bull 2X Shares0.75%0.63%
TENG - Direxion Daily 5G Communications Bull 2X Shares1.76%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.

For more news, information, and strategy, visit the Leveraged & Inverse Channel.


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