ATLASDirexion Daily Financial Bull 3X Shares (FAS): outlook, holdings and fees
Direxion Daily Financial Bull 3X Shares (FAS) is an exchange-traded fund and is managed by Direxion Funds. The expense ratio is 0.91% and the yield is 1.62%. The ten largest holdings are 13% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FAS
| Last price | $171.82 (+4.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 49% |
| Likely 1-month range (50%) | $158.96 – $184.90 |
| Normal 1-day range (±1σ) | ±2.6% |
| Distribution yield | 1.62% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FAS fund facts
| Issuer | Direxion Funds |
|---|---|
| Theme | Leveraged |
| Assets under management | $2.1B |
| Expense ratio | 0.91% |
| Number of holdings | 38 |
| Portfolio turnover | 0% |
| Inception | Nov 6, 2008 |
| Exchange | NYSE |
The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index includes securities of companies from the following industries: financial services; insurance; banks; capital markets; mortgage real estate investment trusts; and consumer finance. It is non-diversified.
FAS top holdings
| Holding | Sector | Weight |
|---|---|---|
| Berkshire Hathaway Inc BRK-B | Financial Services | 2.90% |
| JPMorgan Chase & Co JPM | Financial Services | 2.54% |
| Visa Inc. Class A V | Financial Services | 1.86% |
| Mastercard Inc MA | Financial Services | 1.43% |
| Bank of America Corp BAC | Financial Services | 1.01% |
| Goldman Sachs Group Inc GS | Financial Services | 0.74% |
| Wells Fargo & Company WFC | Financial Services | 0.71% |
| Morgan Stanley MS | Financial Services | 0.67% |
| Citigroup Inc. C | Financial Services | 0.64% |
| American Express Company AXP | Financial Services | 0.46% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FAS sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 98.1% |
| Technology | 1.6% |
| Industrials | 0.3% |
By region: North America 98.4%, Europe Developed 1.6%.
FAS returns and risk
| Year to date | -9.2% |
|---|---|
| 1 year | -4.4% |
| 3 years (annualised) | +44.3% |
| 5 years (annualised) | +6.3% |
| 10 years (annualised) | +20.0% |
| Volatility (3 years) | 43.8% |
| Sharpe ratio (3 years) | 0.83 |
Past returns do not guarantee future results.
FAS: frequently asked questions
What does FAS invest in?
Direxion Daily Financial Bull 3X Shares invests in a portfolio of securities. Its largest holdings are Berkshire Hathaway Inc (2.9%), JPMorgan Chase & Co (2.5%), Visa Inc. Class A (1.9%), Mastercard Inc (1.4%), Bank of America Corp (1.0%).
What is the FAS expense ratio?
0.91% a year: about $91.00 for every $10,000 invested.
What is the FAS dividend yield?
1.62%. ATLAS does not hold the exact distribution dates for ETFs.
Will FAS go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 49%, with a likely range (50%) of $158.96 to $184.90 from $171.82 today. It is a probability, not a prediction.
How has FAS performed?
Year to date -9.2%, one year -4.4%, three years +44.3% a year, five years +6.3% a year. Past returns do not guarantee future results.
Similar ETFs: Leveraged
Educational information, not investment advice. Disclaimer