What is TECL?

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

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TECL 14.67% 50.39% 52.03% -40.38% 61.01% 25.94% 38.13%
TECL (NAV) 14.66% 50.60% 51.98% -40.37% 61.48% 25.97% 38.12%
S&P Technology Select Sector Index 5.36% 17.15% 17.30% -4.57% 28.66% 19.27% 18.95%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TECL Factset Analytics Insight

TECL provides 3x levered exposure to the S&P Technology Select Sector Index, reset daily. Like all levered funds, it tends to underperform in volatile markets if held for longer than its reset period, and is only suitable for short-term trading positions. The underlying index (tracked in unlevered form by SSgA's XLK) consists of all tech companies in the S&P 500. This broad definition of the tech sector means TECL contains names traditionally thought of in technology in addition to those in diversified telecommunications services, communications equipment, semiconductors, and office electronics. However, the portfolio is concentrated in just a few names. It is important to clearly understand the risks in using such leverage. In addition, this product should only be utilized by those who actively manage their investments.

TECL Summary Data

Direxion
12/17/08
0.97%
$1.61B
N/A
Open-Ended Fund

Peers

N/A
ROM

Fund Flows

-$0.00B 5 Days
-$0.04B 30 Days
-$0.09B 90 Days

TECL Fund Structure

Yes
Yes
-- / --
N/A
N/A
Low
3
Daily

TECL Tax Exposures

20.00% / 39.60%
--
No

TECL Portfolio Data

0.23%
N/A

TECL Index Data

Market Cap
Committee
N/A

Factset Analytics Block Liquidity

As of 03/24/23

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

TECL Tradability

3,639,056
$108.45M
3,298,331
$97.51M
0.04%
$0.01
0.03%
0.74% / -0.41%
None
100.00%
50,000
65.97
0.01%
--
22,801
$33.53
5