TENG Direxion Daily 5G Communications Bull 2X Shares ETF

Seeks daily investment results, before fees and expenses, of 200% of the performance of the BlueStar 5G Communications Index.The Index consists of U.S.-listed equity securities, including depositary receipts, of companies whose products or services are predominantly tied to the development of 5G networking and communication technologies. 5G Companies are assigned to one of four segments of the 5G communications industry, as described below. At the time of each rebalance and reconstitution of the Index, each segment is assigned a weight, and companies within each segment are market capitalization-weighted, subject to a minimum weight of 0.50% and the maximum weights described below. Additionally, to qualify for inclusion in the Index, a 5G Company must have a minimum market capitalization of $150 million, except as otherwise described below. Segment 1 (50% weight) consists of 5G Companies whose products or services are predominantly tied to (i) core cellular network equipment or (ii) satellites operating in the C-band wireless spectrum. Segment 2 (25% weight) consists of 5G Companies (i) that are organized as cellphone tower or data center real estate investment trusts (“REITs”), (ii) that predominantly provide services as a mobile network operator (“MNO”), or (iii) whose products or services are predominantly tied to the infrastructure or cloud-based services supporting such REITs and MNOs. REITs and MNOs must have a minimum market capitalization of $1 billion to be included in the Index. Segment 3 (15% weight) consists of 5G Companies whose products or services are predominantly tied to (i) hardware and software focused on quality of service assurance for MNOs and media companies or (ii) network testing and bandwidth optimization equipment. Segment 4 (10% weight) consists of 5G Companies whose products or services are predominantly tied to (i) enhanced mobile broadband (eMBB) modems capable of increased bandwidth, (ii) new radio technology for connected devices, or (iii) optical fiber cables. The Index is rebalanced and reconstituted semi-annually after the close of business on the third Friday of each June and December.

$46.00
As of 11/08/2022     IEX book   CBOE book

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ETF Information

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Sponsor:     Direxion Funds
Category1:  Global Equity
Category2:  Single sector
Category3:  Telecommunications
Morningstar category:  
Leverage factor:  2.00
Inception date:  06/10/2021
Index tracking method: Passive replication
Current yield:  31.08%
Historical average yield:  33.94%
Market cap:  $0
Average volume:  387
Fees:     1.0700%

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Index Information

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BlueStar 5G Communications Index
Index symbol:  BFIVGTR
Provider:   Blue Star
Index weighting:   Other
Index inception date:  12/31/2016
Backtesting data exists:   No
Number of holdings:  59  (as of 02/19/2019)
Rebalanced:  Semi-annually
Reconstituted:  Semi-annually