Key stats
About Direxion Daily S&P 500 Bull 2X Shares
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Inception date
May 28, 2014
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
SPUU offers a bullish bet on the large-cap segment of the US equity market. With the use of swaps and derivatives, the fund aims to provide 2x levered exposure to the S&P 500, an index of committee-selected US large-cap companies which covers approximately 80% of the US investable universe. The index constituents are market-cap-weighted and rebalanced on a quarterly basis. As a geared product with daily resets, SPUU is designed as a short-term tactical instrument and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Cash
Stocks85.01%
Electronic Technology17.08%
Technology Services16.47%
Finance12.48%
Health Technology7.44%
Retail Trade6.91%
Consumer Non-Durables3.77%
Producer Manufacturing2.62%
Consumer Services2.58%
Energy Minerals2.34%
Utilities2.32%
Commercial Services1.89%
Consumer Durables1.84%
Health Services1.69%
Process Industries1.38%
Transportation1.29%
Communications0.98%
Industrial Services0.88%
Distribution Services0.62%
Non-Energy Minerals0.38%
Miscellaneous0.04%
Bonds, Cash & Other14.99%
Cash14.99%
Stock breakdown by region
North America97.37%
Europe2.63%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history