FAZ — Direxion Daily Financial Bear 3X Shares
Data updated: 2026-06-29
FAZ — Direxion Daily Financial Bear 3X Shares data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Inverse / Short · $120.08M AUM · 1.04% expense ratio · -19.7% 1-yr return. From SEC regulatory filings.
FAZ Fund Overview
FAZ — Direxion Daily Financial Bear 3X Shares is a US ETF managed by Direxion Shares ETF Trust, categorised as Inverse / Short. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Direxion Shares ETF Trust
- Category: Inverse / Short
- Assets under management: $120.08M
- 1-year return: -19.7%
- Ticker: FAZ
- SEC CIK: 0001424958
- SEC series ID: S000022781
- Share class ID: C000065909
FAZ Holdings
Top 3 holdings of Direxion Daily Financial Bear 3X Shares by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Government Cash Manage | 51.05% |
| Goldman Financial | 36.93% |
| Dreyfus | 15.50% |
FAZ Portfolio Allocation
Asset-class allocation of Direxion Daily Financial Bear 3X Shares by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 103.5% |
| Derivatives | 10.1% |
FAZ Performance
Total returns for FAZ (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 13.2% |
| 1 year | -19.7% |
| 3 years (annualised) | -37.8% |
| 5 years (annualised) | -29.7% |
FAZ Risk Information
Risk metrics for FAZ, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 32.4%
FAZ Costs and Fees
FAZ costs about $104 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.04%
- Gross expense ratio: 1.04%
- Portfolio turnover: 0%
- Brokerage commissions: 24.65 bps of average net assets (SEC N-CEN)
FAZ Cashflows
Over the 12 months to 2026-04, Direxion Daily Financial Bear 3X Shares had net inflows of $43.75M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $322.63K |
| 2026-03 | $12.58M |
| 2026-02 | $6.62M |
| 2026-01 | −$704.21K |
| 2025-12 | −$3.98M |
| 2025-11 | −$9.29M |
FAZ Debt Constituents
No individual debt constituents are reported in Direxion Daily Financial Bear 3X Shares's latest SEC N-PORT filing.
FAZ Prospectus and SEC Filings
Official Direxion Daily Financial Bear 3X Shares filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Inverse / Short 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.