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Direxion Monthly Nasdaq-100 Bull 1.75x Fund Investor Class (DXQLX)

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92.64 -0.25    -0.27%
07:00:00 - Delayed Data. Currency in USD
Type:  Fund
Market:  United States
Issuer:  Direxion Funds
Asset Class:  Other
  • Morningstar Rating:
  • Total Assets: 497.87M
Direxion Mthly NASDAQ-100 Bull 2X Inv 92.64 -0.25 -0.27%

Direxion Monthly Nasdaq-100 Bull 1.75x Fund Investor Class Overview

 
On this page you'll find an in-depth profile of Direxion Monthly Nasdaq-100 Bull 1.75x Fund Investor Class. Learn about the key management, total assets, investment strategy and contact information of DXQLX among other information.
Category

Trading--Leveraged Equity

Total Assets

497.87M

Expenses

1.55%

Inception Date

38838

Investment Strategy

The investment seeks monthly investment results, before fees and expenses, of 175% of the calendar month performance of the NASDAQ-100® Index. 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 monthly leveraged exposure to the index or to ETFs that track the index. The index includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market® based on market capitalization. The fund is non-diversified.

Contact Information

Address 1301 Avenue Of The Americas ( 6th Avenue)
New York,NY 10019
United States
Phone 646-572-3390

Top Executives

Name Title Since Until
Tony Ng Portfolio Manager 2006 Now
Biography Tony Ng is a Portfolio Manager and joined Rafferty Asset Management in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004. Mr. Ng graduated from State University at Buffalo in 1998.
Paul Brigandi Portfolio Manager 2006 Now
Biography Paul Brigandi, the Fund’s Portfolio Manager, is primarily responsible for the day-to-day management of the Fund. An investment trading team of Rafferty employees assists Mr. Brigandi in the day-to-day management of the Fund subject to his primary responsibility and oversight. The Portfolio Manager works with the investment trading team to decide the target allocation of the Fund’s investments and on a day-to-day basis, an individual portfolio trader executes transactions for the Fund consistent with its target allocation. The members of the investment trading team rotate among the various series of the Trust, including the Fund periodically so that no single individual is assigned to a specific Fund for extended periods of time. Mr. Brigandi has been a Portfolio Manager at Rafferty since June 2004. Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. Mr. Brigandi is a 2002 graduate of Fordham University.
Aram Babikian Portfolio Manager 2008 2010
Biography Aram is a Portfolio Manager and joined Rafferty in September of 2008. Prior to joining Rafferty, Aram worked for Goldman Sachs as a client derivative portfolio valuations analyst. He graduated from Baruch College in 2005 with a Bachelor of Business Administration in Finance.
Adam Gould Portfolio Manager 2007 2010
Biography Gould has been a Portfolio Manager at Rafferty Asset Management since January of 2007. Prior to joining Rafferty, he was an Index Fund Portfolio Manager at the Bank of New York, responsible for managing ten domestic index funds, and 20 separately managed accounts. Gould was a NASDAQ Market Maker at Deutsche Bank from 1999 through 2002.
Michael Eschmann Portfolio Manager 2006 2008
Biography Eschmann has been a Portfolio Manager at Rafferty since August 2006. Previously, he was employed as a fixed income salesman and trader with Merrill Lynch from July 1999 to July 2006.
Kenneth Jackson Portfolio Manager 2006 2008
Biography Jackson is a Portfolio Manager and joined Rafferty in October 2006. Since November 2004, he served as an intradealer bond broker with Rafferty Capital Markets. He was previously employed at Bank of America Securities as a government bond trader from 2002 until 2004.
Ryan King Portfolio Manager 2006 2008
Biography King has been a portfolio manager at Rafferty Asset Management since 2004. Prior to joining Rafferty, he was a fund administrator for State Street Bank and Deutsche Bank from 1998 to 2004, where he was responsible for confirming transactions, configuring NAVs, reconciling cash, pricing securities, and monitoring corporate actions.
Brendan Murray Portfolio Manager 2006 2007
Biography Murray is portfolio manager with Rafferty Asset Management, which he joined in February 2005. He previously served as an equity sales trader, operations supervisor, and operations analyst for Mellon Investor Services from November 1999 through January 2005.
Sean Smyth Portfolio Manager 2006 2006
Biography Smyth is a portfolio manager with Rafferty Asset Management, which he joined in April 2005. Previously, he had been a portfolio manager with Gartmore Global Investments in Conshohocken, Pennsylvania from January 2000 until March 2005.
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