TECS ETF Report: Ratings, Analysis, Quotes, Holdings

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*Unless otherwise stated, data provided by FactSet.

TECS Fund Description

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

TECS Factset Analytics Insight

TECS offers investors a means of playing out their bearish bets on the technology sector. The fund provides -3x exposure to the S&P Technology Select Sector Index—a market-cap-weighted index of US tech companies selected from the S&P 500. TECS tracks the exact same index as XLK—the Technology Select Sector SPDR ETF. That makes it a narrow bet against the highly concentrated tech sector, with just a few names comprising a huge fraction of the index. Unlike XLK, TECS is designed to be a short-term trading vehicle—not a long-term investment. TECS rebalances its exposure on a daily basis. As a result, the fund's long-term returns are difficult to predict due to compounding and path dependency. It is important to clearly understand the risks of utilizing such leverage. In addition, this product should only be utilized by those who actively manage their investments.

PERFORMANCE [as of 07/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

TECS -16.15% -25.93% -47.59% -72.91% -71.73% -66.48% -56.28%

TECS (NAV) -19.07% -24.95% -49.05% -76.98% -71.88% -66.65% -56.39%

S&P Technology Select Sector Index 6.96% 8.54% 19.24% 46.61% 30.21% 29.47% --

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TECS Summary Data

Direxion

12/17/08

Open-Ended Fund

1.08%

$61.28M

0.18%

REW

Fund Home Page

TECS Portfolio Data

1.71%

N/A

TECS Index Data

S&P Technology Select Sector Index

Market Cap

Committee

N/A

TECS Fund Structure

Yes

-- / --

N/A

Low

-3

Leverage Reset Frequency Daily

TECS Tax Exposures

20.00% / 39.60%

TECS Factset Analytics Block Liquidity

As of 07/26/21

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

TECS Tradability

2,497,308

$14.13M

2,370,855

$13.61M

0.18%

$0.01

-0.04%

0.47% / -0.50%

None

100.00%

50,000

47.42

0.00%

46,456

$4.43

N/A

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