Direxion Fallen Knives ETF

Frequently Asked Questions About NIFE

What does NIFE invest in?

The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the index or investments with economic characteristics similar to the securities included in the index. The index is designed by Indxx, LLC to consist of U.S. equity securities that have experienced considerable share price declines over the prior year but have financial health, suggesting that the security has potential for share price recovery in the future. It is non-diversified.

What is the expense ratio of NIFE?

Direxion Fallen Knives ETF (NIFE) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is NIFE?

Direxion Fallen Knives ETF (NIFE) manages $2.3M 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 NIFE actively managed or an index fund?

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

When was NIFE launched?

Direxion Fallen Knives ETF (NIFE) launched in June 2020 and is managed by Direxion.

How has NIFE performed?

NIFE's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.