| | Current Date : Jul 28, 2010 |
| Current Month Summary Tracking Table | Month to Date Results |
| Fund Name | Symbol | Benchmark | MTD
Index
Return | Index
Return
Multiplied
by Fund beta | Expenses & Cost of
Leverage | Expected
Return | Fund
Return | Tracking Difference |
  Domestic Bull |
| Monthly S&P 500 Bull 2x Fund |
DXSLX |
SPTR INDEX |
7.43% |
14.86% |
-0.21% |
14.65% |
14.62% |
-0.03% |
| Monthly Nasdaq 100 Bull 2x Fund |
DXQLX |
NDX |
7.68% |
15.35% |
-0.21% |
15.14% |
15.19% |
0.04% |
| Monthly Small Cap Bull 2x Fund |
DXRLX |
RU20INTR INDEX |
6.84% |
13.68% |
-0.21% |
13.47% |
13.53% |
0.06% |
Domestic Bear |
| Monthly S&P 500 Bear 2x Fund |
DXSSX |
SPTR INDEX |
7.43% |
-14.86% |
-0.13% |
-14.99% |
-14.94% |
0.05% |
| Monthly Nasdaq 100 Bear 2x Fund |
DXQSX |
NDX |
7.68% |
-15.35% |
-0.13% |
-15.48% |
-15.47% |
0.01% |
| Monthly Small Cap Bear 2x Fund |
DXRSX |
RU20INTR INDEX |
6.84% |
-13.68% |
-0.13% |
-13.81% |
-13.85% |
-0.04% |
International Bull |
| Monthly Emerging Markets Bull 2x Fund |
DXELX |
EEM |
10.21% |
20.42% |
-0.21% |
20.21% |
20.01% |
-0.20% |
| Monthly Developed Markets Bull 2x Fund |
DXDLX |
EFA |
11.44% |
22.88% |
-0.21% |
22.67% |
22.51% |
-0.16% |
| Monthly Latin America Bull 2x Fund |
DXZLX |
ILF |
11.83% |
23.66% |
-0.21% |
23.45% |
23.24% |
-0.21% |
| Monthly China Bull 2x Fund |
DXHLX |
FXI |
5.16% |
10.32% |
-0.21% |
10.12% |
10.18% |
0.06% |
International Bear |
| Monthly Emerging Markets Bear 2x Fund |
DXESX |
EEM |
10.21% |
-20.42% |
-0.13% |
-20.55% |
-20.55% |
-0.00% |
| Monthly Developed Markets Bear 2x Fund |
DXDSX |
EFA |
11.44% |
-22.88% |
-0.13% |
-23.01% |
-23.03% |
-0.02% |
Sector Bull |
| Monthly Commodity Bull 2x Fund |
DXCLX |
CRX |
8.55% |
17.09% |
-0.21% |
16.88% |
17.04% |
0.16% |
Currency Bull |
| Monthly Dollar Bull 2x Fund |
DXDBX |
DXY |
-4.57% |
-9.15% |
-0.38% |
-9.52% |
-9.65% |
-0.12% |
Currency Bear |
| Monthly Dollar Bear 2x Fund |
DXDDX |
DXY |
-4.57% |
9.15% |
0.10% |
9.25% |
9.23% |
-0.02% |
Fixed Income Bull |
| Monthly 10 Year Note Bull 2x Fund |
DXKLX |
10Yr Index |
-0.24% |
-0.48% |
-0.15% |
-0.63% |
-0.76% |
-0.12% |
Fixed Income Bear |
| Monthly 10 Year Bear 2 x Fund |
DXKSX |
10Yr Index |
-0.24% |
0.48% |
-0.15% |
0.34% |
0.22% |
-0.12% |
View Fund's Standardized Performance
As of 9/30/2009, the Bull Fund's investment objective has changed from seeking daily investment results, before fees and expenses, of 250% of the price performance of its benchmark to seeking monthly investment results, before fees and expenses, of 200% of the price performance of its benchmark. The Bear Fund's investment objective has changed from seeking daily investment results, before fees and expenses, of -250% of the price performance of its benchmark to seeking monthly investment results, before fees and expenses, of -200% of the price performance of its benchmark.
The performance data quoted represents past performance; past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Please call 800-851-0511 to obtain current month-end performance information. For additional information, see the funds prospectus.
An investor should consider the investment objectives,
risks, charges, and expenses of any of the Direxion Funds carefully before
investing. The prospectus contains this and other information on Direxion
Funds. To obtain a prospectus, please contact the
Direxion Funds at (800) 851-0511. Prospectus should be read carefully
before investing.
The risks associated with the funds are detailed in the prospectuses which include Adverse Market Conditions Risk, Adviser's Investment Strategy Risk, Aggressive Investment Techniques Risk, Commodities Risk, Concentration Risk, Counterparty Risk, Credit Risk, Currency Exchange Rate Risk, Debt Instrument Risk, Depositary Receipt Risk, Early Close/Trading Halt Risk, Emerging Markets Risk, Equity Securities Risk, Foreign Securities Risk, Gain Limitation Risk, Geographic Concentration Risk, Interest Rate Risk, Intra-Calendar Month Investment Risk, Inverse Correlation Risk, Leverage Risk, Lower-Quality Debt Securities, Market Risk, Market Timing Activity and High Portfolio Turnover, Monthly Correlation Risk, and Negative Implications of Monthly Goals in Volatile Market.
Investing in index funds may be more volatile than
investing in broadly diversified funds. The use of leverage by a mutual
fund
increases the risk to the fund. The more a fund invests in leveraged instruments
the more the leverage will magnify gains or
losses on those investments.
For a full description of the Fund(s) risks, see the prospectus.
Date of First Use: August 22, 2007
Distributed by: Rafferty Capital Markets, LLC
