HYDD

Fund Description
The Direxion Daily High Yield Bear 2x Shares seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the Barclays U.S. High Yield Very Liquid Index. There is no guarantee the fund will meet its stated investment objective. Barclays designed the Barclays U.S. High Yield Very Liquid Index to be a more liquid version of the U.S. Corporate High Yield Index that measures the market of U.S. Dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds. The Index follows the same index construction rules as the U.S. Corporate High Yield Index, but each issue must have been issued within the past five years, have a U.S. Dollar 500 million minimum amount outstanding and include only the three largest securities from each issuer. The Index is part of the U.S. Universal, Global High-Yield and U.S. Corporate High-Yield Indices. One cannot invest directly in an Index.
Fund Profile
Fund Name Direxion Daily High Yield Bear 2x Shares
Fund Exchange Ticker HYDD
Fund Sponsor Direxion Shares
Fund ISIN US25490K1907
Net Expense Ratio 0.80 %
Fund Inception Date 16 June 2016
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Bonds
Index Linked Passive
Index Name Barclays U.S. High Yield Very Liquid Index
Index Provider Bloomberg
Currency Hedged No
Inverse / Leveraged Inverse (-2x)
Developed / Emerging Developed Market Funds
Bond Type Corporate
Credit Quality High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 22 March 2019
Asset Under Management 3.48 Million (USD)
1 Month Total Return -2.21 %
Year To Date Return -12.92 %
1 Year Total Return -8.41 %
3 Year Annualized Total Return
NAV 17.38
Share Outstanding 200,001
Top 10 Holdings (25 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
SPDR BARCLAYS HIGH YIELD BOND ETF SWAP SWAP 2.2933594508
BANK OF NEW YORK CASH RESERVE MMKT -0.7352852151
GOLDMAN FINL SQ TRSRY INST 506 GTRXX MMKT -0.4490367617
GOLDMAN FINL SQ TRSRY INS MMKT -0.1090374740