Key stats
About Direxion Daily Real Estate Bull 3X Shares
Home page
Inception date
Jul 16, 2009
Structure
Open-Ended Fund
Replication method
Synthetic
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
DRN provides 3x leveraged exposure to the Real Estate Select Sector Index. DRN has exposure to the large-cap segment of the US Real Estate Sector as defined by GICS. The Index applies certain caps to aid diversification rules imposed on RICs. The 25/50 constraint targets of the Index are: no group entity exceeds 25% of index weight, and all group entities with weight above 5% cannot exceed 50% of the index weight. DRN is designed to be a trading vehicle not a long-term investment product. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index. Prior to February 28, 2022, the fund was named Direxion Daily MSCI Real Estate Bull 3X Shares, and tracked the MSCI US IMI Real Estate 25/50 Index.
Classification
What's in the fund
Exposure type
Finance
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.