DireXion Developed Markets Bear 2X Fund DXDSX
Fund Category:  Sector Equity Fund Classification:  Dedicated Short Bias
15.38   Arrow Down $-0.44 -2.78% --   1.75%   --  
Last Change  / % Change Redemption Fee Expense Ratio Max Sales Load
For standardized peformance data click on the performance tab below Last Trade as of 3/26/2009
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Growth of $10,000 Since

DXDSX
Classification: Dedicated Short Bias
Broadbased Index: OTC Funds

The Growth of $10,000 chart includes reinvestment of dividends and capital gains, but does not reflect the effect of any applicable sales or redemption charges which would lower these figures.


15.38

Net Asset Value

Arrow Down -27.66%

30 Day Performance

Arrow Up +10.81%

YTD Performance

1.75%

Total Expenses Ratio

18.40%

Dividend Yield

--

Portfolio Turnover

4.5 Million

Total Net Assets

33 Whitehall Street
New York, NY 10004
800-851-0511
Team Managed

Fund Manager

--

Tenure

02/06/2006

Inception Date

Performance data as of Last Close, March 26, 2009
Minimums
Initial 2500
Additional 500
IRA 2500
Additional IRA 500

SEC Performance

 Cumulative Performance
  YTD 1 Mon 1 Yr 5 Yr 10 Yr Since Inception/
Date
SEC Performance -- -- +85.62% -- -- +7.25%
2/06/2006
After Tax Pre-Liquidation
--
-- -- -- -- -- --
After Tax Post-Liquidation
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-- -- -- -- -- --
Performance data as of Month End, February 28, 2009

SEC Performance includes dividends and/or capital gains but also includes fees that were incurred including sales charges, front and back loads, redemption fees and contingent deffered sales charges.

5 Largest Domestic Equity Holdings

Company Percent of
Holdings
 
FGTXX
Financial Square Gov...
73.5%
--
--
--
--
--
--
--
--
  Percent of all Holdings: 73.5%
View 5 Largest Domestic Equity Holdings
Portfolio data as of November 30, 2008
Characteristics
Trade IconAvailable at Scottrade
Transaction Fees Do Not ApplyTransaction Fees Do Not Apply
No Load fundNo Load
Availability:Open to all Investors

Strategy for DireXion Developed Markets Bear 2X Fund

The Fund seeks to provide investment returns that inversely correspond to 200% of the performance of the EAFE Index. The Fund invests significantly in futures contracts on stock indices, swap agreements, options on futures contracts and financial instruments such as options on securities and stock indices options.

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