PPEM — PortfolioPlus Emerging Markets ETF
Data updated: 2020-09-25
PPEM — PortfolioPlus Emerging Markets ETF. Leveraged · $1.05M AUM · 0.58% expense ratio · 3.9% 1-yr return. Holdings, fees, performance and SEC filings.
PPEM Fund Overview
PPEM — PortfolioPlus Emerging Markets ETF is a US ETF managed by Direxion Shares ETF Trust, categorised as Leveraged. 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: Leveraged
- Assets under management: $1.05M
- 1-year return: 3.9%
- Ticker: PPEM
- SEC CIK: 0001424958
- SEC series ID: S000061124
- Share class ID: C000198090
PPEM Investment Objective and Strategy
PortfolioPlus Emerging Markets ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Direxion Shares ETF Trust.
Investment objective
The Fund seeks daily investment results, before fees and expenses, of 125% of the daily 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 equities in the Index, exchange-traded funds (""ETFs"") that track the Index and other financial instruments that provide daily leveraged exposure to the Index 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 equities, 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 term emerging market, as it is defined by the index provider, refers to an economy that is in the initial stages of industrialization and has been historically marked by low per capita income and lack of capital market transparency, but appears to be implementing political and/or market reforms resulting in greater capital market transparency, increased access for foreign investors and generally improved economic conditions. Emerging markets have the potential for significantly higher or lower rates of return and carry greater risks than more developed economies. The Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global emerging markets. As of November 30, 2017, the Index consisted of the following 23 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Malaysia, Mexico, Pakistan, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates.
As of November 30, 2017, the component securities of the Index had capitalizations ranging from $11 million to $271.7 billion and were concentrated in the financials and technology and telecommunications sectors. 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 the stocks of 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, a representative sample of the securities in the Index that has aggregate characteristics similar to those of the Index, an ETF that tracks the Index or a substantially similar 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 that provide leveraged exposure to the above.
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 each trading day, Direxion 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 day will affect whether the Funds portfolio needs to be re-positioned. For example, if the Index has risen on a given day, net assets of the Fund should rise, meaning that the Funds exposure will need to be increased.
Conversely, if the Index has fallen on a given day, net assets of the Fund should fall, meaning the Funds exposure will need to be reduced. This re-positioning strategy typically results in high portfolio turnover. The terms daily, day, and trading day, refer to the period from the close of the markets on one trading day to the close of the markets on the next trading day."
PPEM Performance
Total returns for PPEM (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.9% |
PPEM Risk Information
Risk metrics for PPEM, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 34.5%
PPEM Costs and Fees
PPEM costs about $58 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.58%
- Gross expense ratio: 0.63%
- Portfolio turnover: 33%
- Brokerage commissions: 0.09 bps of average net assets (SEC N-CEN)
PPEM Cashflows
Over the 12 months to 2020-07, PortfolioPlus Emerging Markets ETF had net inflows of $2.86M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | $1.07M |
| 2020-06 | $0 |
| 2020-05 | $0 |
| 2020-04 | $796.53K |
| 2020-03 | $0 |
| 2020-02 | $0 |
PPEM Debt Constituents
No individual debt constituents are reported in PortfolioPlus Emerging Markets ETF's latest SEC N-PORT filing.
PPEM Prospectus and SEC Filings
Official PortfolioPlus Emerging Markets ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-17
- Prospectus (485BPOS) — filed 2019-03-07
- Prospectus supplement (497) — filed 2019-07-12
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Portfolio holdings (N-PORT) — filed 2020-06-25
- Portfolio holdings (N-PORT) — filed 2020-03-30
- Annual census (N-CEN) — filed 2020-01-14
- Annual census, amended (N-CEN/A) — filed 2019-04-03
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.