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Critical Facts You Need to Know About Preferred Stocks
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Direxion Fallen Knives ETF
ETF
NIFE
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
NIFE (ETF)
Direxion Fallen Knives ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
NIFE (ETF)
Direxion Fallen Knives ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
Name
As of 09/26/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-23.7%
1 yr return
-41.1%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$3.6 M
Holdings in Top 10
50.4%
52 WEEK LOW AND HIGH
$45.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/26/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NIFE - Profile
Distributions
- YTD Total Return -23.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.69%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDirexion Fallen Knives ETF
-
Fund Family NameDirexion Funds
-
Inception DateJun 11, 2020
-
Shares Outstanding75001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTony Ng
Fund Description
The Fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes)in the securities that comprise the Index or investments with economic characteristics similar to the securities included in the Index.The Index is designed by Indxx, LLC (the “Index Provider”) to consist of U.S equity securities that have experienced considerable share price declines (greater than 15%) over the prior year but have financial health, suggesting that the security has potential for share price recovery in the future. Securities that are listed in the United States, with a minimum total market capitalization of $500 million, and that have traded regularly in the prior 6 months are eligible for inclusion in the Index. The Index Provider calculates a composite financial health score for each security based on its current ratio (current assets divided by current liabilities), cash flow coverage ratio, and debt-to-equity ratio. The top 50 securities with the highest composite financial health score are included in the Index. Securities included in the Index are weighted based on free-float adjusted market capitalization subject to a cap of 4.9% of the value of the Index. The Index is reconstituted annually and rebalanced quarterly.As of December 31, 2021, the Index was comprised of 49constituents, which had a median total market capitalization of $1.8 billion, total market capitalizations ranging from $120.5 million to $28.8 billion and were concentrated in the healthcare and information technology sectors.The components of the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated.The Fund uses a “passive” or indexing approach to attempt to achieve its investment objective. Although the Fund intends to fully replicate the Index, at times the Fund may hold a representative sample of the securities in the Index that have aggregate characteristics similar to those of the Index. This means the Fund may not hold all of the securities included in the Index, its weighting of investment exposure to such securities or industries may be different from that of the Index and it may hold securities that are not included in the Index. The Fund will rebalance its portfolio when the Index rebalances. Additionally, if the Fund receives a creation unit in cash, the Fund repositions its portfolio in response to assets flowing into or out of the Fund.The Fund is “non-diversified,” meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities. Additionally, the Fund’s investment objective is not a fundamental policy and may be changed by the Fund’s Board of Trustees without shareholder approval.
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NIFE - Performance
Return Ranking - Trailing
| Period | NIFE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -23.7% | -61.6% | 31.9% | 99.75% |
| 1 Yr | -41.1% | -59.5% | 25.7% | 99.75% |
| 3 Yr | N/A* | -24.2% | 21.2% | N/A |
| 5 Yr | N/A* | -16.7% | 80.9% | N/A |
| 10 Yr | N/A* | -10.0% | 11.4% | N/A |
* Annualized
Return Ranking - Calendar
| Period | NIFE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -52.6% | 20.1% | 97.51% |
| 2022 | N/A | -25.0% | 15.1% | N/A |
| 2021 | N/A | -2.9% | 196.6% | N/A |
| 2020 | N/A | -2.6% | 8.3% | N/A |
| 2019 | N/A | -11.1% | 0.0% | N/A |
Total Return Ranking - Trailing
| Period | NIFE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -23.7% | -27.0% | 31.9% | 99.75% |
| 1 Yr | -41.1% | -41.1% | 24.9% | 100.00% |
| 3 Yr | N/A* | -20.7% | 21.2% | N/A |
| 5 Yr | N/A* | -15.0% | 80.9% | N/A |
| 10 Yr | N/A* | -8.9% | 12.9% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | NIFE Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -52.6% | 20.1% | 97.51% |
| 2022 | N/A | -25.0% | 15.1% | N/A |
| 2021 | N/A | -2.9% | 196.6% | N/A |
| 2020 | N/A | -2.6% | 8.3% | N/A |
| 2019 | N/A | -11.1% | 0.0% | N/A |
NIFE - Holdings
Concentration Analysis
| NIFE | Category Low | Category High | NIFE % Rank | |
|---|---|---|---|---|
| Net Assets | 3.6 M | 481 K | 145 B | 97.98% |
| Number of Holdings | 50 | 1 | 2445 | 74.56% |
| Net Assets in Top 10 | 1.65 M | 36.9 K | 10.8 B | 96.22% |
| Weighting of Top 10 | 50.37% | 2.9% | 100.0% | 6.82% |
Top 10 Holdings
- Sarepta Therapeutics Inc COM USD0.0001 5.79%
- Grocery Outlet Holding Corp. COM USD0.001 5.01%
- Las Vegas Sands Corp COM USD0.001 5.00%
- Haemonetics Corp COM USD0.01 4.71%
- Splunk Inc COM USD0.001 4.66%
- Citrix Systems Inc. COM USD0.001 4.53%
- McCormick Company, Incorporated COM NPV 4.29%
- Turning Point Therapeutics Inc COM USD0.0001 4.29%
- GDS Holdings Ltd. SPON ADS EACH REP 8 ORD CL 4.24%
- Ionis Pharmaceuticals, Inc. COM USD0.001 4.22%
Asset Allocation
| Weighting | Return Low | Return High | NIFE % Rank | |
|---|---|---|---|---|
| Stocks | 99.89% | 0.00% | 100.57% | 17.13% |
| Cash | 0.12% | -2.51% | 100.00% | 82.37% |
| Preferred Stocks | 0.00% | 0.00% | 21.68% | 63.98% |
| Other | 0.00% | -1.04% | 36.11% | 62.97% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 63.73% |
| Bonds | 0.00% | 0.00% | 6.81% | 63.73% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NIFE % Rank | |
|---|---|---|---|---|
| Healthcare | 47.15% | 0.00% | 47.15% | 0.25% |
| Technology | 27.49% | 0.00% | 40.65% | 1.52% |
| Consumer Defense | 10.36% | 0.00% | 32.18% | 7.58% |
| Consumer Cyclical | 7.16% | 2.49% | 46.48% | 85.86% |
| Energy | 2.61% | 0.00% | 58.13% | 80.56% |
| Communication Services | 2.29% | 0.00% | 30.98% | 54.80% |
| Basic Materials | 1.88% | 0.00% | 16.35% | 90.40% |
| Financial Services | 1.06% | 0.00% | 46.10% | 98.99% |
| Utilities | 0.00% | 0.00% | 18.97% | 94.19% |
| Real Estate | 0.00% | 0.00% | 25.82% | 98.23% |
| Industrials | 0.00% | 0.00% | 45.89% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NIFE % Rank | |
|---|---|---|---|---|
| US | 88.95% | 0.00% | 100.04% | 83.63% |
| Non US | 10.94% | 0.00% | 27.19% | 6.05% |
NIFE - Expenses
Operational Fees
| NIFE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | 33.98% | 83.55% |
| Management Fee | 0.45% | 0.00% | 1.50% | 24.81% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 14.51% |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| NIFE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| NIFE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NIFE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 321.00% | 93.18% |
NIFE - Distributions
Dividend Yield Analysis
| NIFE | Category Low | Category High | NIFE % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.28% | 75.31% |
Dividend Distribution Analysis
| NIFE | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
Net Income Ratio Analysis
| NIFE | Category Low | Category High | NIFE % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.69% | -2.06% | 3.38% | 31.90% |
Capital Gain Distribution Analysis
| NIFE | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 28, 2021 | $0.057 | OrdinaryDividend |
| Jun 29, 2021 | $0.207 | OrdinaryDividend |
| Mar 30, 2021 | $0.074 | OrdinaryDividend |
| Dec 30, 2020 | $0.174 | OrdinaryDividend |
| Sep 29, 2020 | $0.040 | OrdinaryDividend |
NIFE - Fund Manager Analysis
Managers
Tony Ng
Start Date
Tenure
Tenure Rank
Jun 11, 2020
1.97
2.0%
Tony Ng is a Portfolio Manager and joined Rafferty Asset Management in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004. Mr. Ng graduated from State University at Buffalo in 1998.
Paul Brigandi
Start Date
Tenure
Tenure Rank
Jun 11, 2020
1.97
2.0%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.25 | 38.44 | 7.32 | 5.78 |
