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Mutual Fund Insights: Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

In-depth Analysis of Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

Mutual fund chart: Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

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See Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) performance details as of January 31, 2010

  

    Last Trade: $38.72 on 3/15/2010, Change: -0.51 (-1.3%)

  

Fund Manager - Paul Brigandi

Fund Manager Tenure: 3.9 years
Fundmojo Fund Grade: E (Score: 0.39)     (What does this score mean?)
Brigandi has been a portfolio manager at Rafferty Asset Management since June 2004. He was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004.  Get more insights on Paul Brigandi

  

What we like about Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) What we like about Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

Data for Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) as of January 31, 2010

  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) management has been with Direxion Developed Mkts Bull 2.0X Inv Fund for 3.9 years
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) has good short-term performance (1-year return 74.00% vs 39.71% Foreign Large Blend category average)

  

What we are cautious about Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) What we are cautious about Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

Data for Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) as of January 31, 2010

  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) has a less-than-ideal mid-term performance (3-year return -29.22% vs -8.06% Foreign Large Blend category average)
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) ratio of up-years vs down years can be improved
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) has a Morningstar rating of 3 and below
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) is less safe compared to its Foreign Large Blend peers
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) has an annual stock turnover rate of 1300.00% that is higher than the Foreign Large Blend average of 98.31%. This could mean Direxion Developed Mkts Bull 2.0X Inv is more nimble, but also signal potential high tax impact and high trading fees
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) does not have a good risk adjusted return as its 3-year Alpha of -7.73 is worse than category average of -0.14, and its 3-year Sharpe ratio is -0.44
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) is more volatile than its peers as it has a 3-year Standard Deviation of 50.6 that is higher than category average of 24.9
  • Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) has a higher management fee of 2.05% than its Foreign Large Blend average of 1.40%
  • Even though Direxion Developed Mkts Bull 2.0X Inv Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses
See Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) performance details as of January 31, 2010

  

  

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Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) Net Asset

Track net asset change of Direxion Developed Mkts Bull 2.0X Inv fund (DXDLX)

DateNet Asset
01/2010$2.25M
11/2009$5.93M
10/2009$1.84M
More historic net asset information on Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

  

Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) Portfolio Allocation

Track portfolio allocation change of Direxion Developed Mkts Bull 2.0X Inv fund (DXDLX)

DateCashStockBondOther
11/200918.02%81.98%0%0%
08/200930.19%69.81%0%0%
05/200934.99%65.01%0%0%
Click here to see more historic asset allocation information on Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

  

Most Recent Top 10 Holdings in Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

Discover what Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX) manager is buying

30-Nov-09
Efa Csfb Bullet Swap [81.98%]
Goldman Sachs FS Government FST [18.02%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]

31-Aug-09
Efa Csfb Bullet Swap [69.81%]
Goldman Sachs FS Government FST [30.19%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]

31-May-09
Efa Csfb Bullet Swap [74.4%]
Goldman Sachs FS Government FST [25.6%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
N/A [0%]
Click here for Stock Holding Change Map in Direxion Developed Mkts Bull 2.0X Inv Fund (DXDLX)

  

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