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Mutual Fund Insights: Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

In-depth Analysis of Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

Share:
    Last Trade: $19.77 on 9/2/2010, Change: -0.51 (-2.51%)
Mutual fund chart: Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

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1 year
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See Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) performance details as of July 31, 2010

  

  

Fund Manager - Paul Brigandi

Fund Manager Tenure: 4.3 years   [Similar Funds: DXDSX  DXSSX ]
Fundmojo Fund Grade: N/A (Score: Manager deploys a bear strategy)     (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 Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) What we like about Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

Data for Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) as of July 31, 2010

  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) management has been with Direxion Mthly NASDAQ-100 Bear 2X Inv Fund for 4.3 years
  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) has a lower management fee than its Bear Market average: 1.91% vs 2.00%

  

What we are cautious about Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) What we are cautious about Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

Data for Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) as of July 31, 2010

  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund is a focused fund with 83.75% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) has a less-than-ideal short-term performance (1-year return -38.84% vs -22.39% Bear Market category median performance)
  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) has a less-than-ideal mid-term performance (3-year return -30.72% vs -10.00% Bear Market category median performance)
  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) ratio of up-years vs down years can be improved
  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) is less safe compared to its Bear Market peers
  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) does not have a good risk adjusted return as its 3-year Alpha of -41.29 is worse than category average of -21.02, and its 3-year Sharpe ratio is -0.4
  • Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) is more volatile than its peers as it has a 3-year Standard Deviation of 56.3 that is higher than category average of 30.35
  • Even though Direxion Mthly NASDAQ-100 Bear 2X Inv Fund carries no load, it does have a 0.25% of 12b1 promotion, distributions, marketing expenses
See Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) performance details as of July 31, 2010

  

  

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Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) Net Asset

Track net asset change of Direxion Mthly NASDAQ-100 Bear 2X Inv fund (DXQSX)

DateNet Asset
06/2010$6.40M
05/2010$4.33M
04/2010$3.90M
More historic net asset information on Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

  

Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) Portfolio Allocation

Track portfolio allocation change of Direxion Mthly NASDAQ-100 Bear 2X Inv fund (DXQSX)

DateCashStockBondOther
04/2010100%0%0%0%
10/2009100%0%0%0%
07/2009100%0%0%0%
Click here to see more historic asset allocation information on Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

  

Most Recent Top 10 Holdings in Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

Discover what Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX) manager is buying

Apr 30, 2010
Ndx Cs Swap Bullet [283.75%]
Fidelity Instl MM Fds Government I [20%]
Fidelity Instl MM Fds Money Market Sel [20%]
Goldman Sachs FS Federal FST [20%]
Goldman Sachs FS Government FST [20%]
Morgan Stanley Inst Liquidity Treas Inst [20%]




31-Oct-09
Ndx Cs Swap Bullet [1152%]
Goldman Sachs FS Government FST [69.69%]








31-Jul-09
Ndx Cs Swap Bullet [217.4%]
Goldman Sachs FS Government FST [100%]








Click here for Stock Holding Change Map in Direxion Mthly NASDAQ-100 Bear 2X Inv Fund (DXQSX)

  

Latest News on Direxion Mthly NASDAQ-100 Bear 2X Inv (DXQSX)

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