Strategic-Index Based ETFs

Direxion All Cap Insider Sentiment Shares

Discover your alternative to standard weighted-index investing in the S&P 1500, with KNOW, a Direxion Insider Sentiment ETF. Our All Cap Insider Sentiment ETF provides investors with access to stocks that corporate officers, directors, and shareholders who own more than 5% of each S&P 1500 company's stock, are accumulating.
  • Tickers:

     KNOW
  • CUSIP:

     25459Y769
  • Objective:

     The Direxion All Cap Insider Sentiment Shares ETF seeks investment results, before fees and expenses, that track the Sabrient Multi-Cap Insider/Analyst Quant-weighted Index (SBRQAM). There is no guarantee the fund will meet its stated investment objective.
Symbol Fund Index/Benchmark Daily/Monthly Target Bloomberg Index Symbol
Long Term Investment
ETFs
KNOW Direxion All Cap Insider Sentiment Shares Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index - SBRQAM
Mutual Funds
Short Term TradingAre Direxion Shares ETFs for you?
ETFs
Mutual Funds
Monthly
Quarterly (standardized)

    All Data as of 3/31/2014

    All Data as of 3/31/2014

Symbol Fund 1 Month
(%)
3 Month
(%)
YTD
(%)
1 Year
(%)
3 Year
(%)
5 Year
(%)
10 Year
(%)
Since
Inception
Inception
Date
Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
KNOW Direxion All Cap Insider Sentiment Shares NAV 1.09 3.12 3.12 22.27 - - - 23.16 12/8/2011 2.20 / 0.65
Market
Close
2.03 3.99 3.99 22.71 - - - 23.23 12/8/2011 2.20 / 0.65
Mutual Funds
Short Term Trading
ETFs
Mutual Funds
Symbol Fund 1 Month
(%)
3 Month
(%)
YTD
(%)
1 Year
(%)
3 Year
(%)
5 Year
(%)
10 Year
(%)
Since
Inception
Inception
Date
Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
KNOW Direxion All Cap Insider Sentiment Shares NAV 1.09 3.12 3.12 22.27 - - - 23.16 12/8/2011 2.20 / 0.65
Market
Close
2.03 3.99 3.99 22.71 - - - 23.23 12/8/2011 2.20 / 0.65
Mutual Funds
Short Term Trading
ETFs
Mutual Funds

* For ETFs, the advisor, Rafferty Asset Management, LLC has contractually agreed to waive all or a portion of its management fee and/or reimburse the fund for other expenses through September 1, 2015.

** The expenses are estimated based on projected assets. Please see prospectus for details (from the prospectus dated 3/21/14).

The performance data quoted represents past performance net of annual expenses but gross of any sales charge. The performance shown does not reflect the sales charge, therefore, the effect of the sales charge would reduce the performance shown. Past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance less than one year are cumulative, not annualized. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. For the most recent performance, see the “Performance” tab above or call (877) 437-9363.

Shares of DirexionShares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense subsidies and waivers in effect during certain periods shown. Absent these waivers, results would have been less favorable.


Symbol Fund NAV
(4/17/2014)
NAV
Change
($)
NAV
Change
(%)
Market Price Closing
(4/17/2014)
Market Price Closing Change
($)
Market Price Closing Change
(%)
Premium/
Discount
Long Term Investment
ETFs
KNOW Direxion All Cap Insider Sentiment Shares 60.50 $0.12 0.19% 60.56 $0.20 0.33% 0.06
Mutual Funds
Short Term Trading
ETFs
Mutual Funds

The performance data quoted represents past performance net of annual expenses but gross of any sales charge. The performance shown does not reflect the sales charge, therefore, the effect of the sales charge would reduce the performance shown. Past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor’s shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance less than one year are cumulative, not annualized. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. For the most recent performance, see the “Performance” tab above or call (877) 437-9363.

Shares of DirexionShares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense subsidies and waivers in effect during certain periods shown. Absent these waivers, results would have been less favorable.

Symbol Fund Record Date Ex-Date Pay Date Income Dividend Short Term Capital Gain Long Term Capital Gain
Long Term Investment
ETFs
KNOW Direxion All Cap Insider Sentiment Shares 3/27/2014 3/25/2014 4/1/2014 0.24716000 - 0.000
KNOW Direxion All Cap Insider Sentiment Shares 9/19/2013 9/17/2013 9/24/2013 0.15316000 - -
KNOW Direxion All Cap Insider Sentiment Shares 6/20/2013 6/18/2013 6/25/2013 0.25019000 - -
KNOW Direxion All Cap Insider Sentiment Shares 3/21/2013 3/19/2013 3/26/2013 0.20569 - -
KNOW Direxion All Cap Insider Sentiment Shares 12/20/2012 12/18/2012 12/26/2012 0.18716 - -
KNOW Direxion All Cap Insider Sentiment Shares 12/14/2012 12/12/2012 12/19/2012 - 1.544 -
KNOW Direxion All Cap Insider Sentiment Shares 9/21/2012 9/19/2012 9/26/2012 0.08883 - -
KNOW Direxion All Cap Insider Sentiment Shares 6/22/2012 6/20/2012 6/27/2012 0.18683 - -
KNOW Direxion All Cap Insider Sentiment Shares 3/23/2012 3/21/2012 3/28/2012 0.08206 - -
Mutual Funds
Short Term Trading
ETFs
Mutual Funds
Symbol Fund Index/Benchmark Monthly Target Estimated Current
Exposure Level *
Domestic
DXSLX Monthly S&P 500® Bull 2x Fund S&P 500® 200% 201%
DXSSX Monthly S&P 500® Bear 2x Fund S&P 500® -200% -198%
DXQLX Monthly NASDAQ 100® Bull 2x Fund NASDAQ 100® 200% 204%
DXRLX Monthly Small Cap Bull 2x Fund Russell 2000® 200% 206%
DXRSX Monthly Small Cap Bear 2x Fund Russell 2000® -200% -183%
International
DXZLX Monthly Latin America Bull 2x Fund S&P® Latin America 40 200% 192%
DXHLX Monthly China Bull 2x Fund FTSE/Xinhua China 25 Index 200% 200%
DXELX Monthly Emerging Markets Bull 2x Fund MSCI Emerging Markets Index SM 200% 195%
Fixed Income
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund NYSE 7-10 Year Treasury Bond Index 200% 200%
DXKSX Monthly 7-10 Year Treasury Bear 2x Fund NYSE 7-10 Year Treasury Bond Index -200% -201%
DXCBX Indexed Synthetic Convertible Strategy Fund QES Synthetic Convertible Index -
DXCVX Indexed Synthetic Convertible Strategy Bear Fund QES Synthetic Convertible Index -
Commodity
DXCLX Monthly Commodity Bull 2x Fund Morgan Stanley® Commodity Related Index 200% 183%
Currency
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Overview

The key benefits of the strategy

  • Allows investors to identify and participate in stocks that corporate insiders are accumulating
  • Offers access to a rules based index approach to equity investing
  • Focuses on insider transactions and analyst ratings to determine weightings within the Index
  • Allocations to sectors within the index can vary significantly from traditional cap-weighted equity benchmark weightings

Principal investment strategy

The Investment Strategy of the fund includes:

  • Following a quantitative rules-based equity index that seeks alpha relative to S&P 500® Index*
  • Monthly review of each of the index constituents focusing on strong insider buying and favorable analyst ratings
  • Index selection of stocks is based on S&P 1500 constituents

The strategy at work

The Sabrient All-Cap Insider/Analyst Quant-Weighted Index combines the dynamics of insider behavior and analysts’ earnings revisions into stock valuations.

This insider sentiment selection strategy uses a screening methodology based on public-company filings and positive earnings analysis that provides the basis for the fund’s quantitatively-weighted index. The fund is comprised of a subset of 100 companies from the S&P 1500 index.

 

Target Index

Target Index 

The Sabrient Multi-Cap Insider/Analyst Quant-weighted Index is a quantitatively-weighted index comprised of 100 of the top publicly-traded companies in the S&P 1500 Index. The Index reflects positive sentiment among those “insiders” closest to a company’s financials and business prospects, such as top management, directors, large institutional holders, and the Wall Street research analysts who follow the company.

Fund sector weightings

know-weightings-123113
All holdings and sector weightings are as of the month’s rebalance date (12/31/2013)

Fund Literature

Download fund literature and regulatory documents

Related Materials

 

VIDEO: Understanding KNOW

Discover your alternative to standard weighted-index investing in the S&P 1500. Watch the video.

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Daily Holdings

Daily Holdings

Click to view the Daily Holdings (csv)