Ticker
DFEN
Asset Class
Equity
Assets Under Management
483.91M
Issuer
Direxion Funds
Inception Date
03-05-2017
Dividend Yield
7.16%
The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The fund is non-diversified.
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