FAS ETF — Direxion Daily Financial Bull 3X Shares

Direxion Daily Financial Bull 3X Shares (FAS)

FAS is an ETF. As of August 28, 2026, its distribution rate is 1.16%, its trailing-12-month yield is 7.67%, its expense ratio is 0.88%. Dividend Vision Distribution Safety Score™ is 59/100 (Caution). Fund total return is 544.6% over the past 17.8 years, 525.7 points behind SPY at 1070.3%.

At the current 1.16% distribution rate, a $10,000 investment would generate approximately $116 per year, or $9.67 per month on an equivalent basis. Actual quarterly payments vary.

Direxion Daily Financial Bull 3X Shares is an ETF that seeks to deliver three times the daily performance of an index of financial sector companies, including banks, insurance firms, capital markets businesses, and consumer finance providers, using leveraged financial instruments and swap agreements. The fund distributes a modest yield quarterly with an expense ratio of 0.88%. It appeals to traders and investors seeking short-term, amplified exposure to financial sector price movements, though the daily rebalancing means it is not designed to track the underlying index over longer periods.

FAS performance versus SPY

Data as of August 28, 2026.

Fund total return is 544.6% over the past 17.8 years, 525.7 points behind SPY at 1070.3%. Its deepest 1-year drawdown was 40.9%.

FAS key facts

Data as of August 28, 2026.

Distribution Safety Score™

59 · Caution

Safety-Adjusted Yield

0.68%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/06/2008

Expense ratio

0.88%

Distribution rate

1.16%

Distribution frequency

Quarterly

Trailing yield

7.67%

Last close

$182.73

AUM

$2,453,057,852

Average volume

264005.0

Last dividend

$0.5320

Ex-dividend date

06/23/2026

Payment date

06/30/2026

Beta

2.33

P/E ratio

17.5305

How Dividend Vision calculates yield and returns

Distribution rate (1.16%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (7.67%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 28, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 28, 2026.

Primary sources: Direxion; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FAS risks and drawbacks

FAS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 40.9%.

Who may consider FAS — and who may not

It is a weaker fit for investors who need monthly cash flow (FAS pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Direxion.