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PILL ETF Profile


Family: Direxion Shares
Name: Direxion Daily Pharmaceutical & Medical Bull 3X Shares
Inception Date: 15-Nov-2017
Termination Date:
Investment Objective: The Direxion Daily Pharmaceutical & Medical Bull 3X Shares seek daily investment results, before fees and expenses of 300% of the performance of the S&P Pharmaceuticals Select Industry Index. The S&P Pharmaceuticals Select Industry Index is a modified equal-weighted index that is designed to measure performance of the stocks comprising the S&P Total Market Index that are classified in the Global Industry Classification Standard (GICS) pharmaceuticals sub-industry. To be eligible for inclusion in the Index, stocks must satisfy one of the following combined size and liquidity criteria: (1) have a float-adjusted market capitalization above $300 million with a float-adjusted liquidity ratio (defined by dollar value traded over the previous 12 months divided by the float-adjusted market capitalization as of the Index rebalancing reference date) above 50%; (2) have a float-adjusted market capitalization above $500 million with a float-adjusted liquidity ratio above 90%; or (3) have a float-adjusted market capitalization above $400 million with a float-adjusted liquidity ratio above 150%. The Index is rebalanced quarterly.
Prospectus
Top 10 Holdings
Derivatives offset -201.7000%
S&P PHARMACEUTICALS SELECT INDEX SWAP 91.9870%
S&P PHARMACEUTICALS SELECT INDEX SWAP 70.1455%
S&P PHARMACEUTICALS SELECT INDEX SWAP 39.5674%
GOLDMAN FINL SQ TRSRY INST 506 18.3028%
DREYFUS GOVT CASH MAN INS 17.2267%
GOLDMAN SACHS FIN GOV 465 INSTITUT X9USDGLDS 5.4358%
CORCEPT THERAPEUTICS INC CORT 3.0129%
TARSUS PHARMACEUTICALS INC TARS 2.5571%
ROYALTY PHARMA PLC- CL A RPRX 2.5135%
Top 10 Holdings Weight: 49.0%
Number of Holdings: 49
Shares Outstanding: 2,400,001
Total Net Assets: 10,368,000
NAV: 4.33
Net Expense Ratio: 0.95%
Asset Class: Equities (Stocks)
Developed or Emerging: Developed Market Funds
Country: US
Region:
Strategy: NYSE Intellidex proprietary model
Currency:
Commodity:
Sector: Healthcare
Industry: Pharmaceuticals
Dividend Type:
Tax Exempt State:
Maturity Duration:
Market Cap: Broad Market / Multi-Cap
Credit Quality:
Mortgage Bond Types:
Bond Type:
Gov't Bond Types:
Reit Type:
Leverage Direction/Factor: Leveraged (3x)
Is Currency Hedged: No
US or Ex-US: Domestic