ETF overview
This Direxion exchange-traded fund, known as the Daily Magnificent 7 Bull 2X and Bear 1X ETF, is designed to produce daily investment returns. Its objective, prior to accounting for fees and expenses, is to reflect either twice (200%) the daily performance of the Indxx Magnificent 7 Index, or, conversely, mirror the exact opposite (100% inverse) of that index's daily movement. However, it's important to note that the successful attainment of these stated investment objectives cannot be guaranteed.
Fund facts
- Leverage
- 2x daily
- Expense ratio
- 1.00%
- Fund assets
- 76.77M USD (all share classes)
- Issuer
- Direxion
- Inception date
- Mar 7, 2024
- Number of holdings
- 12
Holdings (12)
| Name | Ticker | Exposure |
|---|---|---|
| IFOTQP SWAP ASSET LEG (IFOTQPMLL) | 61.47% | |
| IFOTQP SWAP ASSET LEG (IFOTQPBCL) | 54.32% | |
| MICROSOFT CORP | MSFT | 12.47% |
| GOLDMAN FINL SQ TRSRY INST 506 | 11.73% | |
| APPLE INC | AAPL | 11.59% |
| META PLATFORMS INC-CLASS A | META | 11.51% |
| AMAZON.COM INC | AMZN | 11.50% |
| ALPHABET INC-CL A | GOOGL | 11.45% |
| TESLA INC | TSLA | 11.01% |
| NVIDIA CORP | NVDA | 10.92% |
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
- 1.00%
- Fund assets
- 76.77M USD (all share classes)
- Issuer
- Direxion
- Inception date
- Mar 7, 2024
- Number of holdings
- 12
| Name | Ticker | Exposure |
|---|---|---|
| IFOTQP SWAP ASSET LEG (IFOTQPMLL) | 61.47% | |
| IFOTQP SWAP ASSET LEG (IFOTQPBCL) | 54.32% | |
| MICROSOFT CORP | MSFT | 12.47% |
| GOLDMAN FINL SQ TRSRY INST 506 | 11.73% | |
| APPLE INC | AAPL | 11.59% |
| META PLATFORMS INC-CLASS A | META | 11.51% |
| AMAZON.COM INC | AMZN | 11.50% |
| ALPHABET INC-CL A | GOOGL | 11.45% |
| TESLA INC | TSLA | 11.01% |
| NVIDIA CORP | NVDA | 10.92% |
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 Direxion exchange-traded fund, known as the Daily Magnificent 7 Bull 2X and Bear 1X ETF, is designed to produce daily investment returns. Its objective, prior to accounting for fees and expenses, is to reflect either twice (200%) the daily performance of the Indxx Magnificent 7 Index, or, conversely, mirror the exact opposite (100% inverse) of that index's daily movement. However, it's important to note that the successful attainment of these stated investment objectives cannot be guaranteed.
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