GASX

Fund Description
The Daily Natural Gas Related Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the ISE-Revere Natural Gas Index. There is no guarantee the funds will meet their stated investment objectives. The ISE-Revere Natural Gas Index was created to provide investors with a product allowing them to quickly take advantage of both event-driven news and long term trends in the Natural Gas industry. The securities selected for the index derive a substantial portion of their revenues from the exploration and production of natural gas. Eligible candidates are also screened by stock performance variables (such as P/E and ROE) as well as statistical factors. This is done to optimize the performance of the index and to ensure that the index has significant correlation to the price of natural gas. The Index uses an equal weighted methodology due to the diversity in market capitalization size among the component stocks.
Fund Profile
Fund Name Direxion Daily Natural Gas Related Bear 3x Shares
Fund Exchange Ticker GASX
Fund Sponsor Direxion Shares
Fund ISIN US25490K1170
Net Expense Ratio 0.95 %
Fund Inception Date 3 December 2015
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 ISE- REVERE Natural Gas Index
Index Provider ISE
Currency Hedged No
Inverse / Leveraged Inverse (-3x)
Developed / Emerging Funds Combining Developed & Emerging Exposure
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent Not Applicable
Key Statistics
Return As of Date 22 January 2019
Asset Under Management 5.72 Million (USD)
1 Month Total Return -35.49 %
Year To Date Return -38.56 %
1 Year Total Return 58.67 %
3 Year Annualized Total Return -57.73 %
NAV 32.7386
Share Outstanding 174,855
Top 10 Holdings (22 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
FUM - ISE REVERE NATURAL GAS INDEX SWAP SWAP 0.7580446161
FUM - ISE REVERE NATURAL GAS INDEX SWAP SWAP 0.5318361529
FUM - ISE REVERE NATURAL GAS INDEX SWAP SWAP 0.0736975868
GOLDMAN FINL SQ TRSRY INST 506 GTRXX MMKT -0.1587192282
BANK OF NEW YORK CASH RESERVE MMKT -0.1123388542
GOLDMAN FINL SQ TRSRY INS MMKT -0.0370549398
GOLDMAN FINL SQ TRSRY INST 506 GTRXX MMKT -0.0310674030
GOLDMAN FINL SQ TRSRY INST 506 GTRXX MMKT -0.0243979307