LABD

Fund Description
The Fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the S&P Biotechnology Select Industry Index. The Index is provided by Standard & Poor s and includes domestic companies from the biotechnology industry. As of April 30, 2015, the Index was comprised of 98 stocks. The companies included in the Index have a median market capitalization of $1.54 billion and are concentrated in the energy and biotechnology sectors as of April 30, 2015.
Fund Profile
Fund Name Direxion Daily S&P Biotech Bear 3x Shares
Fund Exchange Ticker LABD
Fund Sponsor Direxion Shares
Fund ISIN US25460E5399
Net Expense Ratio 0.95 %
Fund Inception Date 28 May 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 S&P Biotechnology Select Industry Index
Index Provider S&P DJ Indices
Currency Hedged No
Inverse / Leveraged Inverse (-3x)
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 5 August 2020
Asset Under Management 69.80 Million (USD)
1 Month Total Return -4.67 %
Year To Date Return -75.17 %
1 Year Total Return -85.07 %
3 Year Annualized Total Return -64.25 %
NAV 3.06344
Share Outstanding 22,784,500
Top 10 Holdings (5 August 2020)
Constituent Name Constituent Ticker Constituent Type Weighting
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP SPSIBIU SWAP 0.6267934429
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP SPSIBICT SWAP 0.4689000518
S&P Biotechnology Select Industry Index SWAP SPSIBIJP SWAP 0.4481363986
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP SPSIBIML SWAP 0.2395289051
BANK OF NEW YORK CASH RESERVE MMKT -0.3293977335
DREYFUS GOVT CASH MGMT MMKT -0.1256609617
DREYFUS GOVT CASH MGMT MMKT -0.0982273966
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.0865642522
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.0802007446
GOLDMAN FINL SQ TRSRY INS MMKT -0.0450589675