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 Microsoft, Apple, and Alphabet 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. As a result, most traders will be willing to overlook the fund's steep fee. TECS trades reasonably well, with decent daily volume and modest spreads.

TECS Charts And Performance

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YTD
1 Year
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PERFORMANCE [as of 12/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

TECS -5.96% -23.01% -69.99% -66.39% -54.30% -48.73% -47.26%

TECS (NAV) -6.06% -22.82% -70.01% -66.40% -54.29% -48.69% -47.27%

S&P Technology Select Sector Index 2.10% 8.57% 43.61% 36.37% 23.87% 18.50% -47.27%

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

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

TECS Summary Data

Rafferty Asset Management

Direxion

12/17/08

Open-Ended Fund

1.10%

$54.96M

0.11%

Fund Home Page

TECS Portfolio Data

2.71%

12/23/19

TECS Index Data

S&P Technology Select Sector Index

Market Cap

Committee

N/A

TECS Fund Structure

Yes

No Policy

N/A

Low

-3

Leverage Reset Frequency Daily

TECS Tax Exposures

20.00% / 39.60%

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

TECS Factset Analytics Block Liquidity

As of 12/12/19

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

1,155,434

$11.04M

966,167

$8.95M

0.11%

$0.01

0.03%

0.28% / -0.92%

None

0.00%

50,000

19.32

0.00%

11,240

$8.21

N/A

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TECS