DRVV – Direxion Daily Real Estate Bear 3X ETF – ETF Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the Real Estate Select Sector Index. The fund invests at least 80% of the fund’s net assets in financial instruments, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to ETFs that track the index, consistent with the fund’s investment objective. The index is provided by S&P Dow Jones Indices and includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DRV	Direxion Daily Real Estate Bear 3X Shares	ETF	Open	—	—	Jul 16, 2009	$32.60M	1.060%	—	—	−$9.31M
A1JMY4	Direxion Daily Real Estate Bear 3X Shares	ETF	Open	—	—	Jul 16, 2009	—	1.060%	—	—	—
DRVV	Direxion Daily Real Estate Bear 3X Shares	ETF	Open	—	—	Jul 16, 2009	—	1.060%	—	—	—

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