ETF overview
This fund aims to provide daily returns that are two times the performance of NFLX (Netflix) stock. Under typical market conditions, it dedicates at least 80% of its total investment capital (including any borrowed funds) to achieving this goal. This allocation primarily involves direct investments in Netflix shares, as well as various financial instruments like swap agreements and options, all designed to generate a double-leveraged daily exposure to NFLX. It's important to note that the fund is not diversified, meaning its investments are concentrated within a narrow scope.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 1.06%
- Fund assets
- 125.06M USD (all share classes)
- Issuer
- Direxion
- Inception date
- Oct 3, 2024
- Number of holdings
- 8
Holdings (8)
| Name | Ticker | Exposure |
|---|---|---|
| NFLX SWAP ASSET LEG (NFLXGSL) | 75.32% | |
| NFLX SWAP ASSET LEG (NFLXBCL) | 55.89% | |
| NFLX SWAP ASSET LEG (NFLXMLL) | 36.32% | |
| GOLDMAN SACHS FIN GOV 465 INSTITUT | 25.96% | |
| NETFLIX INC | NFLX | 18.36% |
| GOLDMAN FINL SQ TRSRY INST 506 | 17.60% | |
| NFLX SWAP ASSET LEG (NFLXNML) | 9.11% | |
| NFLX SWAP ASSET LEG (NFLXCTL) | 4.97% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
Historical returns do not guarantee future returns. This is not investment advice.
- Leverage
- 2x daily
- Expense ratio
- 1.06%
- Fund assets
- 125.06M USD (all share classes)
- Issuer
- Direxion
- Inception date
- Oct 3, 2024
- Number of holdings
- 8
| Name | Ticker | Exposure |
|---|---|---|
| NFLX SWAP ASSET LEG (NFLXGSL) | 75.32% | |
| NFLX SWAP ASSET LEG (NFLXBCL) | 55.89% | |
| NFLX SWAP ASSET LEG (NFLXMLL) | 36.32% | |
| GOLDMAN SACHS FIN GOV 465 INSTITUT | 25.96% | |
| NETFLIX INC | NFLX | 18.36% |
| GOLDMAN FINL SQ TRSRY INST 506 | 17.60% | |
| NFLX SWAP ASSET LEG (NFLXNML) | 9.11% | |
| NFLX SWAP ASSET LEG (NFLXCTL) | 4.97% |
This is a leveraged or inverse fund. Exposure is each position's value as a share of the fund's net assets, so swaps and futures can take it above 100% or below 0%. Cash held as collateral is not listed.
This fund aims to provide daily returns that are two times the performance of NFLX (Netflix) stock. Under typical market conditions, it dedicates at least 80% of its total investment capital (including any borrowed funds) to achieving this goal. This allocation primarily involves direct investments in Netflix shares, as well as various financial instruments like swap agreements and options, all designed to generate a double-leveraged daily exposure to NFLX. It's important to note that the fund is not diversified, meaning its investments are concentrated within a narrow scope.
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