RUSL — Direxion Daily Russia Bull 3X Shares

Data updated: 2022-04-01

RUSL — Direxion Daily Russia Bull 3X Shares. Leveraged · $59.16M AUM · 1.20% expense ratio · 5.8% 1-yr return. Holdings, fees, performance and SEC filings.

RUSL Fund Overview

RUSL — Direxion Daily Russia Bull 3X Shares 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: $59.16M
1-year return: 5.8%
Ticker: RUSL
SEC CIK: 0001424958
SEC series ID: S000029357
Share class ID: C000090200

RUSL Investment Objective and Strategy

Direxion Daily Russia Bull 3X Shares 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 300% of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.

Principal investment strategy

"The Fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of 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 ETFs and 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.

Russia is considered an emerging market, as that term is defined by the index provider. The term emerging market refers to an economy that is in the initial stages of industrialization and has been historically marked by low per capita income and a 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. Investments in emerging markets have the potential for significantly higher or lower rates of return and carry greater risks than investments in more developed markets. Additionally, because Russia produces and exports large volumes of oil and gas, the Russian economy is particularly sensitive to the fluctuations in the global energy sector.

The Index is a rules-based index, intended to represent the overall performance of publically traded companies that are domiciled and primarily listed on an exchange in Russia or that are not Russian companies, but nonetheless generate at least 50% of their revenues in Russia. Components of the Index may include large-, mid- and small-capitalization stocks, but each component must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the Index. Stocks whose market capitalizations fall below $75 million as of any rebalancing date will no longer be eligible for the Index. Stocks must have a three-month average daily trading volume value of at least $1 million to be eligible for the Index and issuers of such stocks must have traded at least 250,000 shares each month over the last six months.

The Index is reviewed and, if necessary, reconstituted quarterly. As of January 11, 2018, the Index had 28 components, which had a full market capitalization of $535 billion and were concentrated in the energy, materials and financials 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, 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 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. Because of daily rebalancing and the compounding of each days return over time, the return of the Fund for periods longer than a single day will be the result of each days returns compounded over the period, which will very likely differ from 300% of the return of the Index over the same period. The Fund will lose money if the Index performance is flat over time, and as a result of daily rebalancing, the Indexs volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the Index's performance increases."

RUSL Performance

Total returns for RUSL (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	5.8%
3 years (annualised)	-29.4%

RUSL Risk Information

Risk metrics for RUSL, derived from monthly returns in SEC filings.

1-year volatility (annualised): 41.9%

RUSL Costs and Fees

RUSL costs about $120 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.20%
Gross expense ratio: 1.20%
Portfolio turnover: 108%
Brokerage commissions: 11.77 bps of average net assets (SEC N-CEN)

RUSL Cashflows

Over the 12 months to 2022-01, Direxion Daily Russia Bull 3X Shares had net inflows of $79.96M, from monthly SEC N-PORT filings.

Month	Net flow
2022-01	$13.51M
2021-12	$2.65M
2021-11	$1.55M
2021-10	$10.33M
2021-09	$4.57M
2021-08	$2.94M

RUSL Debt Constituents

No individual debt constituents are reported in Direxion Daily Russia Bull 3X Shares's latest SEC N-PORT filing.

RUSL Prospectus and SEC Filings

Official Direxion Daily Russia Bull 3X Shares filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

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.