FAS

Direxion Daily Financial Bull 3x Shares
*Unless otherwise stated, data provided by FactSet.

FAS Fund Description

FAS provides 3x leveraged exposure to a market-cap-weighted index of US large-cap financial companies.

FAS Factset Analytics Insight

FAS provides 3x leveraged exposure to the Russell 100 Financial Services Index—a subset consisting of large-cap financial companies from the Russell 1000 Index. FAS charges a steep fee for such exposure; however, the product isn’t designed for long-term investors. 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. Despite this, FAS’s asset base is indicative of strong investor interest, while its excellent liquidity is all-important in this tactical space. As always, if you plan on buying the fund, be sure to mind your exposure and rebalance appropriately.

FAS MSCI ESG Analytics Insight

Direxion Daily Financial Bull 3x Shares has an MSCI ESG Fund Rating of BBB based on a score of 4.51 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 Financial Bull 3x Shares ranks in the 28th percentile within its peer group and in the 34th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FAS Charts And Performance

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PERFORMANCE [as of 12/03/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FAS 2.58% 20.21% 92.49% 34.41% 32.92% 22.89% 24.32%
FAS (NAV) 2.26% 19.92% 92.02% 34.04% 32.83% 22.82% 24.32%
Russell 1000 Financial Services -- -- -- -- -- -- 24.32%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FAS Summary Data

Direxion
11/06/08
Open-Ended Fund
1.00%
$1.40B
0.08%

FAS Portfolio Data

0.75%
12/23/19

FAS Index Data

Market Cap
Market Cap
N/A

FAS Fund Structure

Yes
Yes
No Policy
N/A
N/A
Low
3
Daily

FAS Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FAS Factset Analytics Block Liquidity

As of 12/04/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FAS. FAS is rated a N/A out of 5.

FAS Tradability

569,445
$44.38M
458,990
$38.89M
0.08%
$0.07
-0.04%
0.34% / -0.27%
None
0.00%
50,000
9.18
0.01%
--
44,146
$85.44
N/A

FAS MSCI ESG Ratings

4.51 / 10
34.41
27.74
4.99%
1.64%
44.21

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.