Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Direxion Monthly S&P 500 Bear 2X Fund Investor Class (DXSSX)

21.72
Net Asset Value
-0.73%
1 Day
-21.08%
Year-to-Date
Overall Morningstar Rating
Bear market
Style or Category
No Load
Sales Expenses
1.41%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective The investment seeks monthly investment results, before fees and expenses, of 200% of the inverse (or opposite) of the calendar month performance of the S&P 500  Index. The fund creates short positions by investing at least 80% of its assets in: swap agreements, futures contracts, short positions, exchange-traded funds, or other financial instruments that, in combination, provide leveraged and unleveraged exposure to the S&P 500  Index. The index is a capitalization-weighted index composed of 500 common stocks. Standard & Poor's  selects the 500 stocks comprising the index on the basis of market values and industry diversification. The fund is non-diversified.

Performance

1 month-11.89% 3 years-20.26%
3 months-3.98% 5 years-27.41%
1 year-17.70% Since inception-23.46%
Data through --

Peer Comparisonvs. Bear market

 DXSSXCategory
Performance 5-yr return-27.41%-23.54%
Expense ratio1.41%1.99%
Risk 5 year sharpe ratio-1.44-1.28
Net assets$9.2M$114.9M
Average market cap--$53.7B
Average P/E--19.4
Portfolio turnover----

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyDirexion Funds
Fund manager & tenurePaul Brigandi / 10 Years
Minimal initial investment$25,000.00
Minimum IRA investment$25,000.00

Holdings

Cash120.72%
U.S. stock0.00%
International stock0.00%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Financial service 15.16%
Energy 14.17%
Industrial materials 13.04%
Healthcare 12.67%
Hardware 10.04%
Top 10 Holdings
Portfolio weighting
Holdings not available.