Frequently Asked Questions About LMTL

What does LMTL invest in?

LMTL provides 2x daily leveraged exposure to Lockheed Martin Corporation (LMT), primarily using swaps and options. For liquidity, it may also hold high-quality, short-term debt instruments or money market funds. The fund rebalances daily to maintain its leveraged target. If LMT moves more than 50% adversely in a day, investors could lose all their money, but the fund seeks to prevent gains or losses over 90% in a single day. Returns over periods longer than one day will differ from 2X the return of LMT due to compounding and volatility. The Fund does not generally take defensive positions.

What is the expense ratio of LMTL?

Direxion Shares ETF Trust - Direxion Daily LMT Bull 2X ETF (LMTL) charges an expense ratio of 2.47%. This is the annual fee deducted from fund assets to cover management and operations.

Is LMTL a good long-term hold?

LMTL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does LMTL's daily reset work?

LMTL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is LMTL?

Direxion Shares ETF Trust - Direxion Daily LMT Bull 2X ETF (LMTL) manages $6.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is LMTL actively managed or an index fund?

LMTL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

LMTL

Direxion Shares ETF Trust - Direxion Daily LMT Bull 2X ETF

NASDAQ·Asset Management · Financial Services

$40.54$2.02+5.25%

After hours·$40.50−0.10%

Market closed·Oct 23 4:00 PM EDT

Price Chart

$40.54+$2.02 (+5.25%)today

+57.44%CAGR +45.26%

Select date range

FromTo

Aug 6, 2025Aug 6, 2025 → Oct 24, 2026· 1.2 yrsOct 24, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$1.09

Distribution Yield (FWD)2.69%

Annual Distribution (TTM)$0.88

Distribution Yield (TTM)2.16%

Distribution Growth (5Y)—

FrequencyQuarterly

Most Recent$0.27

Ex-Dividend DateSep 22

Payment DateSep 29

DiversificationDiversification Tab

Holdings1

Top 10 Weight6.0%

Top 25 Weight6.0%

Effective Holdings1

Sectors1

Largest HoldingLMT · 6.0%

Largest SectorIndustrials · 100.0%

Asset ClassEquity

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio2.47%

Cost per 10k Invested$247

AUM$6.75M

Avg Daily Volume23.00K

Price$40.54

NAV$38.59

Premium / Discount+5.05%

52-Week Range$25.71 – $59.71

Beta−0.88

Fund Overview

Cost Verdict

Is LMTL's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Direxion
Asset Class: Equity
Strategy: Leveraged
Inception: August 6, 2025
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US25461H8878
CUSIP: 25461H887
Website: www.direxion.com/product/daily-lmt-bull-leveraged-single-stock-etf

Latest News

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Frequently Asked Questions About LMTL

What does LMTL invest in?: LMTL provides 2x daily leveraged exposure to Lockheed Martin Corporation (LMT), primarily using swaps and options. For liquidity, it may also hold high-quality, short-term debt instruments or money market funds. The fund rebalances daily to maintain its leveraged target. If LMT moves more than 50% adversely in a day, investors could lose all their money, but the fund seeks to prevent gains or losses over 90% in a single day. Returns over periods longer than one day will differ from 2X the return of LMT due to compounding and volatility. The Fund does not generally take defensive positions.
What is the expense ratio of LMTL?: Direxion Shares ETF Trust - Direxion Daily LMT Bull 2X ETF (LMTL) charges an expense ratio of 2.47%. This is the annual fee deducted from fund assets to cover management and operations.
Is LMTL a good long-term hold?: LMTL is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does LMTL's daily reset work?: LMTL rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is LMTL?: Direxion Shares ETF Trust - Direxion Daily LMT Bull 2X ETF (LMTL) manages $6.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
Is LMTL actively managed or an index fund?: LMTL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.