FAZ

Direxion Daily Financial Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

FAZ Fund Description

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

FAZ Factset Analytics Insight

FAZ makes a big and bearish one-day bet against large-cap US financials stocks. It provides -3x exposure to a market cap-weighted index that captures the financials segment of the S&P 500. To gain inverse exposure to the index, FAZ invests in swap agreements, futures contracts, and short positions on the index. As a leveraged product, FAZ is not a buy-and-hold ETF, it is a short-term tactical instrument. 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. Over longer periods, returns can vary significantly from -3x exposure to its underlying index. Prior to February 28, 2022, the fund tracked the Russell 1000 Financials Services Index. On August 1, 2022, the fund ceased tracking the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.

PERFORMANCE [as of 08/17/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FAZ -- -- -- -- -- -- --
FAZ (NAV) -30.48% -21.34% 1.78% -16.26% -60.21% -50.48% -47.77%
N/A -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FAZ Summary Data

Direxion
11/06/08
Open-Ended Fund
1.01%
$143.22M
0.05%

FAZ Portfolio Data

0.99%
03/24/20

FAZ Index Data

N/A
Market Cap
Committee
N/A

FAZ Fund Structure

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

FAZ Tax Exposures

20.00% / 39.60%
--
No

FAZ Factset Analytics Block Liquidity

As of 08/18/22
5
4
3
2
1

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

FAZ Tradability

2,349,692
$62.22M
2,259,909
$57.83M
0.05%
$0.01
-0.01%
4.75% / -0.63%
None
99.00%
50,000
45.20
0.00%
--
44,345
$19.39
5

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