DXLTX — Direxion Monthly 25+ Year Treasury Bull 1.35X Fund
Data updated: 2021-04-28
DXLTX — Direxion Monthly 25+ Year Treasury Bull 1.35X Fund. Leveraged · $4.93M AUM · 1.12% expense ratio. Holdings, fees, performance and SEC filings.
DXLTX Fund Overview
DXLTX — Direxion Monthly 25+ Year Treasury Bull 1.35X Fund is a US mutual fund managed by Direxion Funds, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Direxion Funds
- Category: Leveraged
- Assets under management: $4.93M
- 1-year return: -12.0%
- Ticker: DXLTX
- SEC CIK: 0001040587
- SEC series ID: S000050719
- Share class ID: C000160167
DXLTX Investment Objective and Strategy
Direxion Monthly 25+ Year Treasury Bull 1.35X Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Direxion Funds.
Investment objective
The Fund seeks monthly investment results, before fees and expenses, of 135% of the calendar month performance of the Index.
Principal investment strategy
"The Fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in exchange-traded funds (""ETFs"") and other financial instruments that provide monthly leveraged exposure to the Index and/or ETFs that track the Index. The financial instruments in which the Fund normally invests include swap agreements and futures contracts which are intended to produce economically leveraged investment results. On a day-to-day basis, the Fund is expected to hold money market funds, deposit accounts with institutions with high quality credit ratings, and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. The Index is a market value weighted index that is designed to measure the performance of U.S.
dollar-denominated, fixed-rate securities with minimum term to maturity greater than 25 years. Bonds eligible for inclusion must: be issued by the U.S. Treasury; have a minimum term to maturity of greater than 25 years; be denominated in U.S. Dollars; be an either callable or non-callable issue; and have a fixed, non-zero coupon. The Index excludes zero-coupon STRIPS, inflation-linked note securities, floating-rate notes, cash management and treasury bills and any government agency debt that is issued with or without a government guarantee. The Index rebalances monthly. The Index was comprised of 20 constituents as of October 31, 2017. The components of the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries ( i.e.
, hold 25% or more of its total assets in investments that provide inverse exposure to a particular industry or group of industries) to approximately the same extent as the Index is so concentrated. The Fund may invest in the securities of the Index, an ETF that tracks the Index, or utilize derivatives such as swaps on the Index, swaps on an ETF that tracks the same Index or a substantially similar index as the Fund, or futures contracts to obtain leveraged exposure to the securities or a representative sample of the securities in the Index that have aggregate characteristics similar to those of the Index. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. Certain of the derivative instruments in which the Fund may invest may be traded in the over-the-counter market, which generally provides for less transparency than exchange-traded derivative instruments.
The Fund seeks to remain fully invested at all times consistent with its stated investment objective. At the close of the markets on the last trading day of each month, Rafferty positions the Funds portfolio so that its exposure to the Index is consistent with the Funds investment objective. The impact of the Indexs movements during the month will affect whether the Funds portfolio needs to be re-positioned. For example, if the Index has risen over the course of a given month, net assets of the Fund should rise, meaning that the Funds exposure will need to be increased. Conversely, if the Index has fallen over the course of a given month, net assets of the Fund should fall, meaning the Funds exposure will need to be reduced. Because a significant portion of the assets of the Fund may come from investors using asset allocation and market timing investment strategies, the Fund may engage in frequent trading.
The Fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities."
DXLTX Performance
Total returns for DXLTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -12.0% |
DXLTX Risk Information
Risk metrics for DXLTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.9%
DXLTX Costs and Fees
DXLTX costs about $112 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.12%
- Gross expense ratio: 2.11%
- Portfolio turnover: 0%
- Brokerage commissions: 63.32 bps of average net assets (SEC N-CEN)
DXLTX Cashflows
Over the 12 months to 2021-02, Direxion Monthly 25+ Year Treasury Bull 1.35X Fund had net inflows of $436.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-02 | $12.57M |
| 2021-01 | $53.16M |
| 2020-12 | $39.41M |
| 2020-11 | $21.46M |
| 2020-10 | $25.08M |
| 2020-09 | $33.72M |
DXLTX Debt Constituents
No individual debt constituents are reported in Direxion Monthly 25+ Year Treasury Bull 1.35X Fund's latest SEC N-PORT filing.
DXLTX Prospectus and SEC Filings
Official Direxion Monthly 25+ Year Treasury Bull 1.35X Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-12-22
- Prospectus (485BPOS) — filed 2020-01-10
- Prospectus (485BPOS) — filed 2019-01-07
- Portfolio holdings (N-PORT) — filed 2021-04-28
- Portfolio holdings (N-PORT) — filed 2021-01-28
- Portfolio holdings (N-PORT) — filed 2020-10-29
- Annual census (N-CEN) — filed 2020-11-16
- Annual census (N-CEN) — filed 2019-11-13
Related Funds
Other Leveraged funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.