- Overview
- Performance
- Price Information
- Distributions
| Symbol | Fund | Index/Benchmark | Daily Target | Bloomberg Index Symbol |
| 3x ETFs | ||||
| TZA | Daily Small Cap Bear 3x Shares | Russell 2000 | -300% | RTY |
Cusip 25459W 326
Inception date 11.05.08
Fund Objective
The Small Cap Bear 3X ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000® ("Small Cap Index"). There is no guarantee the fund will meet its stated investment objective.
Target Index
The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe and is comprised of the smallest 2000 companies in the Russell 3000® Index, representing approximately 8% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The companies included in the index have an average market capitalization of more than $541 million dollars and a median market capitalization of $383 million dollars as of January 29, 2010. One cannot invest directly in an Index.
Index Sector Weightings
| Financial Services | 14.59% |
| Consumer Discretionary | 10.45% |
| Technology | 10.41% |
| Health Care | 10.35% |
| Producer Durables | 9.18% |
| Materials & Processing | 4.34% |
| Energy | 3.67% |
| Consumer Staples | 2.10% |
| Utilities | 2.00% |
Data as of 6/30/2010 is subject to change at any time.
Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)
An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Shares. Click here to obtain a prospectus and summary prospectus. The prospectus and summary prospectus should be read carefully before investing.
Investing in funds that invest in specific industries or geographic regions may be more volatile than investing in broadly diversified funds. The use of leverage by a fund means the Funds are riskier than alternative investments which do not use leverage.
The Leveraged ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investments. Leverage ETFs are not designed to track the underlying index over a longer period of time.
The risks associated with the funds are detailed in the prospectus which include adverse market condition risk, adviser's investment strategy risk, aggressive investment techniques risk, concentration risk, counterparty risk, credit and lower-quality debt securities risk, equity securities risk, currency exchange risk, daily correlation risk, daily rebalancing and market volatility risk, early close/trading halt risk, depository receipt risk, foreign and emerging markets securities risk, sector securities risk, interest rate risk, inverse correlation risk, leverage risk, market risk, non-diversification risk, retail sector risk, shorting risk, small and mid cap company risk, tracking error risk, market timing activity and high portfolio turnover risk, commodities securities risk, geographic concentration risk, valuation time risk, derivatives risk, risks of investing in small- and/or mid-capitalization companies, natural gas sector risk, negative implications of daily goals in volatile markets risk, risks of investing in mining and metal industry securities, commodity-linked derivatives risk, wholly-owned subsidiary risk, tax and distribution risk, options and futures contracts risks, security selection risk, Debt Instrument Risk, Gain Limitation Risk, Real Estate Investment Risk, U.S. Government Securities Risk, and Special Risks of Exchange-Traded Funds.
Distributor: Foreside Fund Services, LLC.