User 86999

Direxion Leveraged ETFs Win Fans Amid Market Volatility

People need to be aware of the K-1 complexity issues involved, when the tax time arrives. The prospectus is silent but SAI includes information of how the funds are PTP or QPTP, which should generate K-1. Unfortunately, the prospectus does not clearly provide the information on of the tax form vehicle used: i.e. whether they'll issue 1099, the normal tax document or the K-1. I am looking for some credible site/article that may have compiled such information on all the financially engineered ETFs. We know what financial engineering has already done to us, but transparency is still an issue.