Direxion Zacks MLP High Income Index Shares

Frequently Asked Questions About ZMLP

What does ZMLP invest in?

The investment seeks investment results, before fees and expenses, that track the price and yield performance of the Zacks MLP High Income Index. The fund, under normal circumstances, invests at least 80% of its net assets in the securities that comprise the index. The index is comprised of 25 securities selected from a universe of master limited partnerships ("MLPs") listed on U.S. exchanges. The fund is non-diversified.

What is the expense ratio of ZMLP?

Direxion Zacks MLP High Income Index Shares (ZMLP) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ZMLP?

Direxion Zacks MLP High Income Index Shares (ZMLP) manages $39.8M 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 ZMLP actively managed or an index fund?

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

When was ZMLP launched?

Direxion Zacks MLP High Income Index Shares (ZMLP) launched in January 2014 and is managed by Direxion.

How has ZMLP performed?

ZMLP'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.