Direxion High Yield Bear Inv

 (MUTF:PHBRX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.03%
   
1 week   +0.03%
   
4 week
   
-0.68%  
3 month
   
-5.22%  
YTD
   
-9.07%  
1 year
   
-15.07%  
3 years*
   
-14.36%  
5 years*
   
-9.32%  
*annualized
Best 3 month return+8.40%  
Worst 3 month return-9.55%  

Morningstar statistics

Morningstar category: Trading-Inverse Debt

Key statistics

Total assets565,886.00 
Front load-  
Deferred load-  
Expense ratio1.95%  
Management fee-  
Fund familyDirexion Funds 

Asset allocation

Cash246.54%  
Stocks0.00%  
Bonds-15.45%  
Other-131.10%  

Purchase information

Initial$25,000  
Additional$500  
IRA Initial$25,000  
AIP Initial$25,000  
AIP Additional$500  
11.190.00(0.00%)
Aug 29, 4:00PM EDT

Description

The investment seeks to profit from a decline in the value of lower-quality debt instruments by creating short positions in such instruments and derivatives of such instruments. The fund normally invests at least 80% of its net assets (plus any borrowing for investment purposes) in high yield debt instruments, commonly referred to as "junk bonds," and certain derivatives of such instruments, including derivatives which isolate the credit component of such junk bonds and do not provide general interest rate exposure. The Adviser will generally create short positions for the HY Bear fund. The fund is non-diversified.
Fund filings (PDF) »
Asset managers:
Tony Ng (Started: Oct 19, 2010)
Paul Brigandi (Started: Oct 19, 2010)
Advisor Company:
Rafferty Asset Management, LLC
Fund family reports on Morningstar »
Direxion Funds, 33 Whitehall St., 10th Floor, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -17.71 -20.07 -10.49     -
Beta* 0.71 0.80 -0.01     -
Mean annual return -1.06 -1.22 -0.82     -
R-squared* 2.01 5.95 0.00     -
Standard deviation 11.45 8.94 9.14     -
Sharpe ratio -1.11 -1.65 -1.16     -
* Against standard index

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