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 US25460G7161
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 15 January 2021
Asset Under Management 126.60 Million (USD)
1 Month Total Return -14.40 %
Year To Date Return -21.92 %
1 Year Total Return -91.43 %
3 Year Annualized Total Return -71.18 %
NAV 19.732
Share Outstanding 6,416,020
Top 10 Holdings (15 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP SWAP 0.8184707732
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP SWAP 0.3636200602
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP SWAP 0.2883326284
S&P BIOTECHNOLOGY SELECT INDUSTRY INDEX SWAP SWAP 0.2355011710
BANK OF NEW YORK CASH RESERVE MMKT -0.2741512792
DREYFUS GOVT CASH MGMT MMKT -0.1211432269
DREYFUS GOVT CASH MGMT MMKT -0.1127517458
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.0609905620
DREYFUS GOVT CASH MGMT MMKT -0.0485162492
GOLDMAN FINL SQ TRSRY INS MMKT -0.0429909118