14.48 Down -0.01 -0.09%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 14.49
Category High Yield Bond
Net Assets 23.33 Mil
Yield 3.30%
Morningstar Risk Average
Morningstar Return Low
  • Last NAV update 8/28/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks to maximize total return (income plus capital appreciation). Under normal circumstances, the fund seeks to achieve its investment objective by having at least 80% of the value of its net assets (plus the amount of any borrowing for investment purposes) exposed to the total return of the U.S. high yield bond market. It may also have up to 20% of its net assets exposed to credit default swaps. The fund is non-diversified.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 1.44% 4.83% 8.81% 3.55% 5.14%
Value ($) 10,144.18 10,634.19 11,571.57 11,982.43 12,597.91
  • Year to date performance as of 8/28/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Direxion Funds
Fund Manager Tony Ng
Tenure (Years) 4
Fund Status Open
Minimum Initial Purchase 25,000.00
Minimum IRA Investment 25,000.00
Front Load 0.00
Expense Ratio 1.60%
PERFORMANCE
Symbol Value ($)
1 Month 0.98%
3 Months 0.66%
1 Year 10.11%
3 Years* 7.38%
5 Years* 6.77%
  • * Annualized returns
  • Performance as of 8/28/2014 12:00 AM ET
PEER COMPARISON
  PDHYX High Yield Bond
5-Yr Return 6.77% 10.95%
Sharpe Ratio 0.66 2.15
Net Assets 23.33 Mil 449.28 Mil
Avg Market Cap NA 12.27 Bil
Avg P/E NA 17.52
Portfolio Turnover 862 78
HOLDINGS
Symbol Value ($)
Stocks 0.09%
Cash 0.75%
Fixed Income 57.51%
Other 41.66%
TOP 10 HOLDINGS
NAME % NET ASSETS
iShares iBoxx $ High Yield Corporate Bd 29.20%
SPDR Barclays High Yield Bond 29.14%
Hyg Swap With Cs Bullet 20.84%
Spdr Barclays Capital Tr Swap Credit Suisse Bullet 20.82%
DATA PROVIDERS

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Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

Financial data in US dollars | Page generated 6:26 PM ET
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