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Zacks Investment Research
Standard & Poor's
U.S. News evaluated 28 Bear Market Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned -41.50 percent over the past year, -31.51 percent over the past three years, and -37.84 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||-39.6%|
|3 Years (Annualized)||-31.5%|
|5 Years (Annualized)||-37.8%|
|10 Years (Annualized)||N/A|
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, under normal circumstances, invests at least 80% of its assets in the equity securities that comprise the index and/or financial instruments that, in combination, provide leveraged and unleveraged exposure to the index with the fund creating short positions. On a day-to-day basis, the fund may hold short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Direxion Monthly SP 500 Bear 2X Fund has an expense ratio of 1.90 percent.
Risk is N/A compared to funds in the same category according to Morningstar.