4/17/2023 0 Comments Ishare commodities![]() A Fund’s prospectus and summary prospectus should be read carefully before investing. To obtain a Fund’s prospectus and summary prospectus call 86 or click here. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. Short Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for less than one yearĪn investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing.Long Term Capital Gains Profits distributed to shareholders resulting from the sale of securities held in the fund’s portfolio for more than one year.Income Dividend A portion of a company’s profit paid to common and preferred shareholders.Record Date Date by which a shareholder must officially own shares in order to be entitled to a dividend.The NAV per share will drop by the amount of the distribution per share. Payable and Ex-Date With regard to mutual funds, this is the day on which declared distributions (dividends or capital gains) are deducted from the fund’s assets before it calculates its net asset value (NAV).For more information, please consult your tax consultant. State and local taxes are not included in our calculations. The after tax portion is then assumed to be reinvested in the fund. Long-term capital gains are taxed at a 15% rate. To determine this figure, all income and short-term capital gains distributions are taxed at the maximum federal rate at the time of distribution. Tax-adjusted returns show a fund’s annualized after tax total return for the one, three and five year periods, excluding any capital-gains effects that would result from selling the fund at the end of the period. These returns follow the SEC guidelines for calculating returns before sale of shares. We assume the highest tax rate in calculating these figures. Tax-adjusted returns and tax cost ratio are estimates of the impact taxes have had on a fund. ![]() Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.ĪFTER-TAX AND AFTER-TAX, POST SALES RETURNS Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. For additional information, see the fund(s) prospectus. Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. ![]() Returns for performance for one year and under are cumulative, not annualized. An investor’s shares, when redeemed, may be worth more or less than their original cost current performance may be lower or higher than the performance quoted. The investment return and principal value of an investment will fluctuate. Past performance does not guarantee future results. The performance data quoted represents past performance. ![]() * For additional information regarding the Fund’s expense ratio (gross/net fees), please refer to its individual product page.
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