Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX)
Nasdaq - Nasdaq Delayed price. Currency in USD
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Direxion Monthly NASDAQ-100 Bull 1.75X Fund
New York NY 10019
1301 Avenue Of The Americas ( 6th Avenue)
Direxion Funds
646-572-3390
Management information
,Lead manager since 30 April 2006
Paul Brigandi, the Fund’s Portfolio Manager, is primarily responsible for the day-to-day management of the Fund. An investment trading team of Rafferty employees assists Mr. Brigandi in the day-to-day management of the Fund subject to his primary responsibility and oversight. The Portfolio Manager works with the investment trading team to decide the target allocation of the Fund’s investments and on a day-to-day basis, an individual portfolio trader executes transactions for the Fund consistent with its target allocation. The members of the investment trading team rotate among the various series of the Trust, including the Fund periodically so that no single individual is assigned to a specific Fund for extended periods of time.
Mr. Brigandi has been a Portfolio Manager at Rafferty since June 2004. Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. Mr. Brigandi is a 2002 graduate of Fordham University.
Morningstar style box
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.
Fund overview
CategoryTrading--Leveraged Equity
Fund familyDirexion Funds
Net assets451.44M
YTD return13.69%
Yield0.40%
Morningstar rating★★★
Inception date30 Apr 2006
Fund operations
Last dividend0.30
Last cap gain-9.00
Holdings turnover0.00%
Average for categoryN/A
Fees and expenses
ExpenseDXQLXCategory average
Annual report expense ratio (net)1.46%0.00%
Prospectus net expense ratio1.46%N/A
Prospectus gross expense ratio1.50%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/AN/A
Max deferred sales loadN/AN/A
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A
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