FAZ

Fund Description
The Financial Bear 3X ETF seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the price performance of the Russell 1000 Financial Services Index (Financial Index). There is no guarantee the fund will meet its stated investment objective.
Fund Profile
Fund Name Direxion Daily Financial Bear 3X Shares
Fund Exchange Ticker FAZ
Fund Sponsor Direxion Shares
Fund ISIN US25460E2404
Net Expense Ratio 0.95 %
Fund Inception Date 6 November 2008
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Russell 1000 Financial Services Index
Index Provider FTSE Russell
Currency Hedged No
Inverse / Leveraged Inverse (-3x)
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 24 September 2021
Asset Under Management 126.40 Million (USD)
1 Month Total Return 1.09 %
Year To Date Return -61.36 %
1 Year Total Return -83.37 %
3 Year Annualized Total Return -60.48 %
NAV 22.3579
Share Outstanding 5,653,350
Top 10 Holdings (24 September 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
RUSS 1000 FINAN INDX SWAP SWAP 0.8711663446
RUSS 1000 FINAN INDX SWAP SWAP 0.4592809077
RUSS 1000 FINAN INDX SWAP SWAP 0.1836716025
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.2175100930
DREYFUS GOVT CASH MGMT MMKT -0.1741191192
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.0899235579
DREYFUS GOVT CASH MGMT MMKT -0.0325654364
GOLDMAN FINL SQ TRSRY INS MMKT -0.0000006482
DREYFUS GOVT CASH MGMT MMKT -0.0000000000