3 / 5 Stars
4 4 1 4 1
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
#10 in Trading-Leveraged Equity
U.S. News evaluated 45 Trading-Leveraged Equity 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 56.11 percent over the past year, 30.05 percent over the past three years, and 21.82 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||52.2%|
|3 Years (Annualized)||30.0%|
|5 Years (Annualized)||21.8%|
|10 Years (Annualized)||N/A|
The investment seeks monthly investment results, before fees and expenses, of 200% 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 long 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, including U.S. government securities and repurchase agreements. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Direxion Monthly SP 500 Bull 2X Fund has an expense ratio of 1.90 percent.
Risk is High compared to funds in the same category according to Morningstar.