SPXL — Direxion Daily S&P 500 Bull 3X Shares
Direxion Daily S&P 500 Bull 3X Shares (ticker: SPXL) is a equity ETF issued by Rafferty Asset Management tracking S&P 500 Index (300%). It was launched on 2008-11-05.
About SPXL
The Direxion Daily S&P 500 Bull 3X Shares (SPXL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P 500 Index. The fund achieves its objective by investing in financial instruments, such as swap agreements, that provide leveraged exposure to the underlying index.
SPXL is designed for investors seeking magnified long exposure to large-cap U.S. equities on a daily basis. It is important for investors to understand that due to daily rebalancing, SPXL's returns over periods longer than one day may differ significantly from 300% of the S&P 500 Index's return for the same period.
- SPXL provides 3x leveraged daily exposure to the S&P 500 Index.
- The fund invests primarily in swap agreements linked to the S&P 500 Index.
- SPXL holds 516 positions to achieve its leveraged objective.
- It has an expense ratio of 0.87% and manages $6.39 billion in assets.
- Investors might consider SPXL for short-term, magnified bullish bets on the U.S. large-cap equity market.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 0.75% |
| 1 Week | -7.78% |
| 1 Month | -0.39% |
| 3 Months | 28.31% |
| 6 Months | 18.91% |
| YTD | 19.91% |
| 1 Year | 67.65% |
| 3 Years | 231.80% |
| 5 Years | 169.25% |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | GOLDMAN SACHS FIN GOV 465 INSTITUT | X9USDGLDS | — |
| 2 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 3 | GOLDMAN SACHS FIN GOV 465 INSTITUT | X9USDGLDS | — |
| 4 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 5 | NEWS CORP - CLASS B | NWS | — |
| 6 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 7 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 8 | NEWS CORP - CLASS B | NWS | — |
| 9 | DREYFUS TRSRY SECURITIES CASH MGMT | X9USDDTP3 | — |
| 10 | GOLDMAN SACHS FIN GOV 465 INSTITUT | X9USDGLDS | — |
Fund Profile
| Issuer | Rafferty Asset Management |
|---|---|
| Brand | Direxion |
| Asset Class | equity |
| Strategy | Vanilla |
| Structure | ETF |
| Category | Leveraged Equities |
| Segment | Leveraged Equity: U.S. - Large Cap |
| Region | North America |
| Index Tracked | S&P 500 Index (300%) |
| Inception Date | 2008-11-05 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | SPXL |
|---|---|
| Full Name | Direxion Daily S&P 500 Bull 3X Shares |
| Issuer | Rafferty Asset Management |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $6.71B |
| Inception | 2008-11-05 |
| Index Tracked | S&P 500 Index (300%) |
Frequently Asked Questions
What does SPXL track?
SPXL (Direxion Daily S&P 500 Bull 3X Shares) tracks S&P 500 Index (300%), a equity benchmark.
What is the expense ratio of SPXL?
SPXL has an expense ratio of 0.01% per year.
What is the AUM of SPXL?
SPXL has approximately $6.71B in assets under management.
Does SPXL pay a dividend?
SPXL distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues SPXL?
SPXL is issued by Rafferty Asset Management under the Direxion brand, launched on 2008-11-05.
Open the interactive SPXL dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.