Direxion Monthly is trading at 100.05 as of the 29th of November 2024; that is 0.13 percent up since the beginning of the trading day. The fund's open price was 99.92. Direxion Monthly has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Direxion Monthly Small are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of August 2024 and ending today, the 29th of November 2024. Click here to learn more.
The fund invests at least 80 percent of its net assets in securities of the index, exchange-traded funds that track the index and other financial instruments that provide monthly leveraged exposure to the index or to ETFs that track the index. The index measures the performance of approximately 2,000 small-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership. More on Direxion Monthly Small
Direxion Monthly Small [DXRLX] is traded in USA and was established 29th of November 2024. Direxion Monthly is listed under Direxion Funds category by Fama And French industry classification. The fund is listed under Trading--Leveraged Equity category and is part of Direxion Funds family. This fund currently has accumulated 11.25 M in assets under management (AUM) with minimum initial investment of 25 K. Direxion Monthly Small is currently producing year-to-date (YTD) return of 30.79% with the current yeild of 0.01%, while the total return for the last 3 years was -5.27%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Direxion Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Direxion Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Direxion Monthly Small Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Direxion Monthly Small Mutual Fund Constituents
Other Information on Investing in Direxion Mutual Fund
Direxion Monthly financial ratios help investors to determine whether Direxion Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Direxion with respect to the benefits of owning Direxion Monthly security.