# Direxion TSLA Defined Income Boost ETF (TSIB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tsib 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 An exchange-traded fund that seeks to track the investment results of the Cboe TSLA Defined Income Index. The fund, under normal circumstances, invests in financial instruments such as swap agreements and options that provide exposure to the index. The index is designed to generate income by systematically selling weekly, out-of-the-money call options on Tesla, Inc. (TSLA) stock, combined with a daily delta hedging strategy. The fund was formed on July 29, 2026 and is domiciled in the United States. ## Key Facts | Metric | Value | |---|---| | Price | $28.78 | | Expense Ratio | 0.99% | | Assets Under Management | $2.6M | | NAV | $28.90 | | Holdings Count | 0 | | Distribution Yield (TTM) | 5.56% | | Annual Distribution (TTM) | $1.60 /share | | Distribution Frequency | Irregular | | 52-Week Range | $24.21 – $30.30 | | Beta | 0.00 | ## Latest Distribution - Amount: $0.2420 /share - Ex-date: 2026-10-15 - Pay date: 2026-10-16 ## Frequently Asked Questions ### What does TSIB invest in? An exchange-traded fund that seeks to track the investment results of the Cboe TSLA Defined Income Index. The fund, under normal circumstances, invests in financial instruments such as swap agreements and options that provide exposure to the index. The index is designed to generate income by systematically selling weekly, out-of-the-money call options on Tesla, Inc. (TSLA) stock, combined with a daily delta hedging strategy. The fund was formed on July 29, 2026 and is domiciled in the United States. ### What is the expense ratio of TSIB? Direxion TSLA Defined Income Boost ETF (TSIB) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations. ### What is TSIB's dividend yield? TSIB's trailing-twelve-month yield is 5.56%, calculated from the sum of dividends over the past year divided by the current price. ### How big is TSIB? Direxion TSLA Defined Income Boost ETF (TSIB) manages $2.6M 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 TSIB actively managed or an index fund? TSIB 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 (TSIB's is 0.99%) because there's no security selection cost. ### When was TSIB launched? Direxion TSLA Defined Income Boost ETF (TSIB) launched in July 2026 and is managed by Direxion. ### Does TSIB pay a dividend? Yes, Direxion TSLA Defined Income Boost ETF (TSIB) distributes dividends to shareholders. The trailing-twelve-month yield is 5.56%. Full dividend history is on this page. ### How often does TSIB pay dividends? Direxion TSLA 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 TSIB's next ex-dividend date? The most recently announced ex-dividend date for TSIB 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 TSIB'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 TSIB charge its expense ratio? The expense ratio is deducted in tiny daily slices from TSIB'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 TSIB cost more than a fund like VOO? TSIB 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 TSIB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as TSIB (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/tsib - Distribution history: https://www.dividenddata.com/funds/tsib/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tsib/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tsib/expenses - Peer comparison: https://www.dividenddata.com/funds/tsib/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.