JPNL

Direxion Daily MSCI Japan Bull 3X Shares
*Unless otherwise stated, data provided by FactSet.

JPNL Fund Description

JPNL seeks 3x the daily performance of the MSCI Japan Index, which covers 85% of the float-adjusted market cap of the Japanese equity market.

JPNL Factset Analytics Insight

The fund is closing. The last day of trading will be October 16, 2020. JPNL provides 3x levered exposure to the MSCI Japan Index, which aims to capture the broad Japanese equities market. This is the long version of sister-fund JPNS, which provides 3x inverse exposure, and a competitor to EZJ, which provides 2x long exposure to the same index. Simple long exposure can be had through iShares’ EWJ. The fund achieves its exposure through the use of OTC derivatives, which carry counterparty risk. Like all levered funds, JPNL will underperform in volatile markets if held longer than its daily reset period, and is only suitable for short-term trading positions. Trading volume is modest and spreads can’t be called tight. JPNL’s small asset base is also a concern, and we see closure risk.

JPNL MSCI ESG Analytics Insight

Direxion Daily MSCI Japan Bull 3X Shares has an MSCI ESG Fund Rating of A based on a score of 6.35 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 MSCI Japan Bull 3X Shares ranks in the 64th percentile within its peer group and in the 60th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

JPNL Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 09/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
JPNL 4.45% 14.01% -17.90% -4.77% -4.28% 6.16% --
JPNL (NAV) 3.45% 10.52% -21.45% -10.53% -5.85% 4.92% --
MSCI Japan Index 3.26% 6.15% 0.76% 7.18% 4.65% 7.25% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

JPNL Summary Data

Direxion
06/26/13
Open-Ended Fund
1.24%
$7.82M
0.19%
EZJ

JPNL Portfolio Data

0.75%
09/22/20

JPNL Index Data

MSCI Japan Index
Market Cap
Market Cap
N/A

JPNL Fund Structure

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

JPNL Tax Exposures

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

JPNL Factset Analytics Block Liquidity

As of 09/22/20
5
4
3
2
1

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

JPNL Tradability

3,811
$183.19K
3,238
$163.72K
0.19%
$0.09
0.01%
1.38% / -4.01%
None
0.00%
50,000
0.06
0.01%
--
51
$49.78
N/A

JPNL MSCI ESG Ratings

6.35 / 10
59.85
64.42
3.03%
4.79%
74.39