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 21 March 2019
Asset Under Management 3.37 Million (USD)
1 Month Total Return -8.71 %
Year To Date Return -48.89 %
1 Year Total Return -9.89 %
3 Year Annualized Total Return -28.83 %
NAV 27.0125
Share Outstanding 124,855
Top 10 Holdings (21 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
FUM - ISE REVERE NATURAL GAS INDEX SWAP SWAP 0.7070522225
FUM - ISE REVERE NATURAL GAS INDEX SWAP SWAP 0.6118622355
FUM - ISE REVERE NATURAL GAS INDEX SWAP SWAP 0.3505365967
BANK OF NEW YORK CASH RESERVE MMKT -0.2253439377
GOLDMAN FINL SQ TRSRY INST 506 GTRXX MMKT -0.1559661378
GOLDMAN FINL SQ TRSRY INST 506 GTRXX MMKT -0.1414845811
GOLDMAN FINL SQ TRSRY INST 506 GTRXX MMKT -0.1021066318
GOLDMAN FINL SQ TRSRY INS MMKT -0.0445496805
GOLDMAN FINL SQ TRSRY INS MMKT -0.0000000858