# Direxion Shares ETF Trust - Direxion META Defined Income Boost ETF (MEIB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/meib for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Direxion · Asset class: Equity - Strategy: Passive Index · Inception: 2026-07-29 MEIB aims to generate high income from the stock volatility of Meta Platforms Inc. (NASDAQ: META). The ETF uses swaps to track an index that systematically writes weekly, out-of-the-money call options on META, targeting a specific annualized distribution rate, distributed twice per month. MEIB adds a daily delta hedging strategy, which adjusts META exposure each trading day to offset the negative delta of the short call position. This approach is designed to allow participation in META's upside price movements. The option strike price selection process is formulaic and recalibrated weekly b... ## Key Facts | Metric | Value | |---|---| | Price | $25.21 | | Expense Ratio | 0.99% | | Assets Under Management | $2.0M | | NAV | $25.26 | | Holdings Count | 0 | | Distribution Yield (TTM) | 4.34% | | Annual Distribution (TTM) | $1.09 /share | | Distribution Frequency | Irregular | | 52-Week Range | $22.66 – $32.92 | | Beta | 0.00 | ## Latest Distribution - Amount: $0.2593 /share - Ex-date: 2026-10-15 - Pay date: 2026-10-16 ## Frequently Asked Questions ### What does MEIB invest in? MEIB aims to generate high income from the stock volatility of Meta Platforms Inc. (NASDAQ: META). The ETF uses swaps to track an index that systematically writes weekly, out-of-the-money call options on META, targeting a specific annualized distribution rate, distributed twice per month. MEIB adds a daily delta hedging strategy, which adjusts META exposure each trading day to offset the negative delta of the short call position. This approach is designed to allow participation in META's upside price movements. The option strike price selection process is formulaic and recalibrated weekly based on META's price and implied volatility. The strategy also includes an options unwind feature that may close an option position early if certain thresholds are met. Distributions are characterized as ordinary income, though investors should note that if the strategy does not generate sufficient income in a given period, distributions may be partially characterized as a return of capital. ### What is the expense ratio of MEIB? Direxion Shares ETF Trust - Direxion META Defined Income Boost ETF (MEIB) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations. ### What is MEIB's dividend yield? MEIB's trailing-twelve-month yield is 4.34%, calculated from the sum of dividends over the past year divided by the current price. ### How big is MEIB? Direxion Shares ETF Trust - Direxion META Defined Income Boost ETF (MEIB) manages $2.0M 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 MEIB actively managed or an index fund? MEIB is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MEIB's is 0.99%) because there's no security selection cost. ### When was MEIB launched? Direxion Shares ETF Trust - Direxion META Defined Income Boost ETF (MEIB) launched in July 2026 and is managed by Direxion. ### Does MEIB pay a dividend? Yes, Direxion Shares ETF Trust - Direxion META Defined Income Boost ETF (MEIB) distributes dividends to shareholders. The trailing-twelve-month yield is 4.34%. Full dividend history is on this page. ### How often does MEIB pay dividends? Direxion Shares ETF Trust - Direxion META Defined Income Boost ETF pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is MEIB's next ex-dividend date? The most recently announced ex-dividend date for MEIB was 2026-10-15. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will MEIB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.99% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MEIB charge its expense ratio? The expense ratio is deducted in tiny daily slices from MEIB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MEIB cost more than a fund like VOO? MEIB is a passive index fund (current expense ratio 0.99%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to MEIB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MEIB (0.99%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/meib - Distribution history: https://www.dividenddata.com/funds/meib/dividend - Holdings & diversification: https://www.dividenddata.com/funds/meib/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/meib/expenses - Peer comparison: https://www.dividenddata.com/funds/meib/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.