CLDLDirexion Daily Cloud Computing Bull 2X Shares
CLDL Fund Description
CLDL provides 2x leveraged daily exposure to a market-cap-weighted US equity index of companies involved in the cloud computing industry.
CLDL Factset Analytics Insight
CLDL seeks to deliver 200% of the daily performance of the Indxx USA Cloud Computing Index. The index includes US-listed firms that allow dynamic scaling by offering on-demand computing services such as servers, storage, network, and operating systems over the internet. Companies must derive majority of their revenues from activities related to cloud computing infrastructure, platforms and services. These companies license and deliver software over the internet by subscription, provide a platform to create software and virtualized computing via internet, make or distribute related hardware, and also offer shared resources services like shared storage, servers, and storage pools. Index constituents are capped at 5% each and undergoes annual rebalance and reconstitution. CLDL isn’t designed for long-term investors as the fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
CLDL MSCI ESG Analytics Insight
Direxion Daily Cloud Computing Bull 2X Shares has an MSCI ESG Fund Rating of AA based on a score of 8.09 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily Cloud Computing Bull 2X Shares ranks in the 88th percentile within its peer group and in the 95th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
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CLDL Tax Exposures
CLDL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CLDL. CLDL is rated a N/A out of 5.