ZMLP

Fund Description
The Direxion Zacks MLP High Income Shares seeks investment results, before fees and expenses, that track the price and yield performance of the Zacks MLP High Income Index. The Zacks MLP High Income Index selects 25 Master Limited Partnerships (MLP) utilizing a methodology proprietary to Zacks. The objective of the Index is to select a group of MLPs with the potential to yield and outperform on a risk adjusted basis the S&P 500 Index and other benchmark indices. The Index constituent selection methodology utilizes multi-factor proprietary selection rules to identify those MLPs that offer the greatest yield by assessing various factors, including yield, liquidity, and relative value. The approach is specifically designed to enhance investment applications and investability. Index reconstitution will begin quarterly after the close of the last business day of January, April, July, and October.
Fund Profile
Fund Name Direxion Zacks MLP High Income Shares
Fund Exchange Ticker ZMLP
Fund Sponsor Direxion Shares
Fund ISIN US25459Y2981
Net Expense Ratio 0.65 %
Fund Inception Date 23 January 2014
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Other Asset Types
Index Linked Passive
Index Name Zacks MLP High Income Index
Index Provider Zacks
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 55.05 Million (USD)
1 Month Total Return -3.27 %
Year To Date Return 18.41 %
1 Year Total Return -1.44 %
3 Year Annualized Total Return 0.21 %
NAV 13.5927
Share Outstanding 4,050,000
Top 10 Holdings (17 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
BUCKEYE PARTNERS LP BPL MLP 0.0494285234
BROOKFIELD RENEWABLE PARTNER BEP-U MLP 0.0435676937
ANDEAVOR LOGISTICS LP ANDX MLP 0.0429890277
TC PIPELINES LP TCP MLP 0.0428978985
BP MIDSTREAM PARTNERS LP BPMP MLP 0.0422684734
PLAINS ALL AMER PIPELINE LP PAA MLP 0.0413642277
MAGELLAN MIDSTREAM PARTNERS MMP MLP 0.0409830214
SUBURBAN PROPANE PARTNERS LP SPH MLP 0.0409389210
HOLLY ENERGY PARTNERS LP HEP MLP 0.0406921028
PHILLIPS 66 PARTNERS LP PSXP MLP 0.0406877250