Direxion had a number of index changes that will be effective on or about April 22nd, 2022. They are:
Direxion Daily MSCI Real Estate Bull 3X Shares (DRV)
- Fund name changed to the Direxion Daily Real Estate Bull 3X Shares
- Index changed from the MSCI US IMI Real Estate 25/50 Index to the Real Estate Select Sector Index
Direxion Daily MSCI Real Estate Bear 3X Shares (DRN)
- Fund name changed to the Direxion Daily Real Estate Bear 3X Shares
- Index changed from the MSCI US IMI Real Estate 25/50 Index to the Real Estate Select Sector Index
Direxion Daily Financial Bull 3X Shares (FAS)
- Index changed from the Russell 1000 Index – Financials to the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index
Direxion Daily Financial Bear 3X Shares (FAZ)
- Index changed from the Russell 1000 Index – Financials to the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index
Direxion Russell 1000 Value Over Growth ETF (RWVG)
- Index name changed from the Russell 1000 Value/Growth 150/50 Net Spread Index to the Russell 1000 Value/Growth 150/50 Index.
Direxion Russell 1000 Growth Over Value ETF (RWGV)
- Index name changed from the Russell 1000 Growth/Value 150/50 Net Spread Index to the Russell 1000 Growth/Value 150/50 Index.
Additionally, the expense ratios of some Direxion funds have changed. Here are the new ratios:
| Fund | New Gross Expense Ratio | New Net Expense Ratio |
| BRZU – Direxion Daily MSCI Brazil Bull 2X Shares
|
1.26% | 1.26% |
| CHAD – Direxion Daily CSI 300 China A Share Bear 1X Shares | 0.76%
|
0.76%
|
| CHAU – Direxion Daily CSI 300 China A Share Bull 2X Shares | 1.05% | 1.05% |
| CLDL – Direxion Daily Cloud Computing Bull 2X Shares | 1.04%
|
0.96% |
| CLDS – Direxion Daily Cloud Computing Bear 2X Shares | 1.22% | 0.99% |
| COM – Direxion Auspice Broad Commodity Strategy ETF | 0.72%
|
0.72% |
| CWEB – Direxion Daily CSI China Internet Index Bull 2X Shares | 1.32% | 1.32% |
| ERX – Direxion Daily Energy Bull 2x Shares | 0.95%
|
0.95% |
| ERY – Direxion Daily Energy Bear 2X Shares | 1.03%
|
0.99% |
| INDL – Direxion Daily MSCI India Bull 2X Shares | 1.17% | 1.17% |
| RUSL – Direxion Daily Russia Bull 2X Shares | 1.20% | 1.20% |
| SPDN – Direxion Daily S&P 500 Bear 1X Shares | 0.55% | 0.49% |
| SPUU – Direxion Daily S&P 500 Bull 2X Shares | 0.75%
|
0.63% |
| TENG – Direxion Daily 5G Communications Bull 2X Shares | 1.76% | 0.95% |
It is worth noting that Direxion has an expense cap in place, so shareholders never actually pay more than 0.95% for expenses, even if the new net expense ratio is higher than that.
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