1301
Avenue of the Americas (6th Avenue), 28th Floor |
New
York, New York 10019 |
(800)
851-0511 |
Management
Fees |
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Distribution
and/or Service (12b-1) Fees |
|
Other
Expenses of the Fund |
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Acquired
Fund Fees and Expenses(1) |
|
Total
Annual Fund Operating Expenses |
|
Expense
Cap/Reimbursement(2) |
- |
Total
Annual Fund Operating Expenses After
Expense
Cap/Reimbursement |
|
|
1 Year |
3
Years |
5
Years |
10
Years |
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$ |
$ |
$ |
$1,876 |
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1 Year |
5
Years |
Since
Inception
3/31/2016 |
Investor
Class |
|
|
|
Return
Before Taxes |
32.35% |
32.80% |
30.27% |
Return
After Taxes on
Distributions |
28.63% |
29.05% |
27.06% |
Return
After Taxes on
Distributions
and Sale of
Fund
Shares |
19.16% |
25.18% |
23.59% |
NASDAQ-100®
Index
(reflects
no deduction for
fees,
expenses or taxes) |
27.51% |
28.63% |
26.45% |
Portfolio
Managers |
Years of
Service
with the
Fund |
Primary
Title |
Paul
Brigandi |
Since
Inception in
March
2016 |
Portfolio
Manager |
Tony
Ng |
Since
Inception in
March
2016 |
Portfolio
Manager |
Purchase
Methods |
Initial
Purchases |
Subsequent
Purchases |
Minimum
Investment:
Traditional
Investment
Accounts |
$25,000 or a
lesser
amount if
you are a
client of a
securities
dealer, bank
or other
financial
institution. |
$500 |
Minimum
Investment:
Retirement
Accounts
(Traditional,
Roth
and
Spousal
individual
retirement
accounts) |
$25,000 or a
lesser
amount if
you are a
client of a
securities
dealer, bank
or other
financial
institution. |
$500 |
Month |
Index
Value |
Index
Monthly
Performance |
Index
Cumulative
Performance |
Value
of
Investment |
|
$100.00 |
|
|
$100.00 |
January |
$105.00 |
5.00% |
5.00% |
$105.00 |
February |
$100.00 |
-4.76% |
0.00% |
$100.00 |
Month |
Index
Value |
Index
Monthly
Performance |
125%
of
Monthly
Index
Performance |
Value
of
Investment |
Index
Cumulative
Performance |
Investment
Cumulative
Performance |
|
$100.00 |
|
|
$100.00 |
|
|
January |
$105.00 |
5.00% |
6.25% |
$106.25 |
5.00% |
6.25% |
February |
$100.00 |
-4.76% |
-5.95% |
$99.93 |
0.00% |
-0.07% |
Month |
Index
Value |
Index
Monthly
Performance |
Index
Cumulative
Performance |
Value
of
Investment |
|
$100.00 |
|
|
$100.00 |
January |
$105.00 |
5.00% |
5.00% |
$105.00 |
February |
$110.00 |
4.76% |
10.00% |
$110.00 |
Month |
Index
Value |
Index
Monthly
Performance |
125%
of
Index
Monthly
Performance |
Value
of
Investment |
Index
Cumulative
Performance |
Investment
Cumulative
Performance |
|
$100.00 |
|
|
$100.00 |
|
|
January |
$105.00 |
5.00% |
6.25% |
$106.25 |
5.00% |
6.25% |
February |
$110.00 |
4.76% |
5.95% |
$112.57 |
10.00% |
12.57% |
Volatility
Range |
1.25X Bull
Fund Loss |
10% |
-0.7% |
25% |
-3.9% |
50% |
-12.6% |
75% |
-21.9% |
100% |
-30.9% |
|
Index |
Fund | ||||
|
Value |
Calendar
Month
Performance |
Cumulative
Performance |
NAV |
Calendar
Month
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00 |
|
|
January |
105 |
5.00% |
5.00% |
$106.25 |
6.25% |
6.25% |
February |
110 |
4.76% |
10.00% |
$112.57 |
5.95% |
12.57% |
March |
100 |
-9.09% |
0.00% |
$99.78 |
-11.36% |
-0.22% |
April |
90 |
-10.00% |
-10.00% |
$87.31 |
-12.50% |
-12.69% |
May |
85 |
-5.56% |
-15.00% |
$81.24 |
-6.94% |
-18.76% |
June |
100 |
17.65% |
0.00% |
$99.16 |
22.06% |
-0.84% |
July |
95 |
-5.00% |
-5.00% |
$92.97 |
-6.25% |
-7.03% |
August |
100 |
5.26% |
0.00% |
$99.08 |
6.58% |
-0.92% |
September |
105 |
5.00% |
5.00% |
$105.27 |
6.25% |
5.27% |
October |
100 |
-4.76% |
0.00% |
$99.01 |
-5.95% |
-0.99% |
November |
95 |
-5.00% |
-5.00% |
$92.82 |
-6.25% |
-7.18% |
December |
105 |
10.53% |
5.00% |
$105.04 |
13.16% |
5.04% |
|
Index |
Fund | ||||
|
Value |
Calendar
Month
Performance |
Cumulative
Performance |
NAV |
Calendar
Month
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00 |
|
|
January |
102 |
2.00% |
2.00% |
$102.50 |
2.50% |
2.50% |
February |
104 |
1.96% |
4.00% |
$105.01 |
2.45% |
5.01% |
March |
106 |
1.92% |
6.00% |
$107.54 |
2.40% |
7.54% |
April |
108 |
1.89% |
8.00% |
$110.07 |
2.36% |
10.07% |
May |
110 |
1.85% |
10.00% |
$112.62 |
2.31% |
12.62% |
June |
112 |
1.82% |
12.00% |
$115.18 |
2.27% |
15.18% |
July |
114 |
1.79% |
14.00% |
$117.75 |
2.23% |
17.75% |
August |
116 |
1.75% |
16.00% |
$120.33 |
2.19% |
20.33% |
September |
118 |
1.72% |
18.00% |
$122.93 |
2.16% |
22.93% |
October |
120 |
1.69% |
20.00% |
$125.53 |
2.12% |
25.52% |
November |
122 |
1.67% |
22.00% |
$128.15 |
2.08% |
18.15% |
December |
124 |
1.64% |
24.00% |
$130.77 |
2.05% |
30.77% |
|
Index |
Fund | ||||
|
Value |
Calendar
Month
Performance |
Cumulative
Performance |
NAV |
Calendar
Month
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00 |
|
|
January |
98 |
-2.00% |
-2.00% |
$97.50 |
-2.50% |
-2.50% |
February |
96 |
-2.04% |
-4.00% |
$95.01 |
-2.55% |
-4.99% |
March |
94 |
-2.08% |
-6.00% |
$92.54 |
-2.60% |
-7.46% |
April |
92 |
-2.13% |
-8.00% |
$90.08 |
-2.66% |
-9.92% |
May |
90 |
-2.17% |
-10.00% |
$87.63 |
-2.72% |
-12.37% |
June |
88 |
-2.22% |
-12.00% |
$85.20 |
-2.78% |
-14.80% |
July |
86 |
-2.27% |
-14.00% |
$82.78 |
-2.84% |
-17.22% |
August |
84 |
-2.33% |
-16.00% |
$80.37 |
-2.91% |
-19.63% |
September |
82 |
-2.38% |
-18.00% |
$77.98 |
-2.98% |
-22.02% |
October |
80 |
-2.44% |
-20.00% |
$75.60 |
-3.05% |
-24.40% |
November |
78 |
-2.50% |
-22.00% |
$73.24 |
-3.13% |
-26.76% |
December |
76 |
-2.56% |
-24.00% |
$70.89 |
-3.21% |
-29.11% |
One
Year
Index |
125%
One
Year
Index |
Volatility
Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-75% |
-70.4% |
-71.9% |
-76.2% |
-80.7% |
-84.9% |
-50% |
-63% |
-59.7% |
-61.5% |
-66.5% |
-72.5% |
-77.6% |
-40% |
-50% |
-48.6% |
-50.7% |
-56.5% |
-63.3% |
-69.8% |
-30% |
-38% |
-37.0% |
-39.4% |
-45.7% |
-53.0% |
-60.5% |
-20% |
-25% |
-25.1% |
-27.7% |
-35.1% |
-42.7% |
-50.6% |
-10% |
-13% |
-13.0% |
-16.0% |
-24.0% |
-32.4% |
-40.7% |
0% |
0% |
-0.7% |
-3.9% |
-12.6% |
-21.9% |
-30.9% |
10% |
13% |
11.9% |
8.3% |
-1.1% |
-11.87% |
-20.6% |
20% |
25% |
24.5% |
20.6% |
10.3% |
-0.7% |
-9.3% |
30% |
38% |
37.3% |
33.0% |
21.9% |
10.4% |
1.9% |
40% |
50% |
50.2% |
45.4% |
33.3% |
21.7% |
11.2% |
50% |
63% |
63.2% |
57.9% |
44.8% |
33.1% |
22.0% |
60% |
75% |
76.2% |
70.3% |
56.2% |
42.60% |
33.4% |
Purchase
Methods |
Initial
Purchases |
Subsequent
Purchases |
Minimum
Investment:
Traditional
Investment
Accounts |
$25,000 or a
lesser amount if you are a client
of a
securities dealer, bank or other financial
institution.* |
$500 |
Minimum
Investment:
Retirement
Accounts
(Traditional,
Roth and Spousal
IRAs) |
$25,000 or a
lesser amount if you are a client
of a
securities dealer, bank or other financial
institution.* |
$500 |
By
Mail |
•Complete
and sign your application.
Remember
to include all required
documents
(if any).
•Make
a check payable to “Direxion Funds”
and
indicate the Fund you would like to
purchase.
•Send
the signed application and check to:
Direxion
Funds
P.O.
Box 701
Milwaukee,
Wisconsin 53201-0701
(Do
not send via express mail or overnight
delivery
to the P.O Box address).
(The
Fund does not consider the U.S. Postal
Service
or other independent delivery services
to
be their agents. Therefore, deposit in the
mail
or with such services, or receipt at U.S.
Bancorp
Fund Services, LLC’s post office box,
of
purchase orders or redemption requests
does
not constitute receipt by the transfer
agent
of the Fund.) |
•Complete
an Investment Slip or provide
written
instructions with your name,
account
number and the Fund in which you
would
like to invest.
•Make
a check payable to “Direxion Funds”
and
indicate the Fund you would like to
purchase
and your account number.
•Send
the Investment Slip and check to:
Direxion
Funds
P.O.
Box 701
Milwaukee,
Wisconsin 53201-0701
(Do
not send via express mail or overnight
delivery
to the P.O Box address).
(The
Fund does not consider the U.S. Postal
Service
or other independent delivery services
to
be their agents. Therefore, deposit in the
mail
or with such services, or receipt at U.S.
Bancorp
Fund Services, LLC’s post office box,
of
purchase orders or redemption requests
does
not constitute receipt by the transfer
agent
of the Fund.) |
By
Wire |
•Contact
Direxion at (800) 851-0511 to make
arrangements
to send in your application
via
facsimile or mail.
•Fax
the application according to
instructions
the representative will give
you.
•Mail
the original application to:
Direxion
Funds
P.O.
Box 701
Milwaukee,
Wisconsin 53201-0701
•Call
(800) 851-0511 to: (a) confirm receipt of
the
application; (b) receive an account
number;
and (c) receive a confirmation
number.
Wired
funds must be received prior to market
close
to be eligible for same day pricing. The
Fund
and U.S. Bank, N.A. are not responsible
for
the consequences of delays resulting from
the
banking or Federal Reserve wire system or
from
incomplete wiring instructions. |
•Contact
Direxion at (800) 851-0511 with
your
account number, the amount wired
and
the Fund(s) in which you want to
invest.
•You
will receive a confirmation number;
retain
your confirmation number.
•Instruct
your bank to wire the money to:
US
Bank NA, Milwaukee, WI 53202
ABA
075000022
Credit:
US Bancorp Fund Services, LLC
ACCT
# 112-952-137
FFC:
Direxion Funds
(Your
name and Direxion Account
Number)
Wired
funds must be received prior to market
close
to be eligible for same day pricing. The
Fund
and U.S. Bank, N.A. are not responsible
for
the consequences of delays resulting from
the
banking or Federal Reserve wire system or
from
incomplete wiring instructions.
|
Purchase
Methods |
Initial
Purchases |
Subsequent
Purchases |
By
Telephone |
You
may not make initial investments by
telephone. |
•If
you did not decline telephone options on
your
account application, your account has
been
open for at least 7 business days, and
you
have banking information established
on
your account, you may purchase shares
by
telephone.
•The
minimum telephone purchase is equal
to
the subsequent investment purchase
amount
for your account type.
•Contact
Direxion at (800) 851-0511 to
purchase
additional shares of the Fund.
Orders
will be accepted via the electronic
funds
transfer through the Automated
Clearing
House (“ACH”) network.
•Shares
will be purchased at the NAV
calculated
on the day your order is placed
provided
that your order is received prior to
market
close. |
Through
Financial
Intermediaries |
Contact
your financial intermediary. |
Contact
your financial intermediary. |
By
Telephone |
(800)
851-0511 |
Fax |
(Faxes
may be accepted, but must be pre-authorized by a representative. Please
call (800) 851-0511
to
receive authorization and the fax number.) |
Internet |
www.direxion.com |
Regular
Mail |
Direxion
Funds
P.O.
Box 701
Milwaukee,
Wisconsin 53201-0701 |
Overnight
Mail |
Direxion
Funds
Mutual
Fund Services - 3rd Floor
615
East Michigan Street
Milwaukee,
Wisconsin 53202 |
By
Mail |
Send
written instructions sufficient to process your request to:
Direxion
Funds
P.O.
Box 701
Milwaukee,
Wisconsin 53201-0701 |
By
Telephone |
(800)
851-0511 for Individual Investors
(877)
437-9363 for Financial Professionals |
By
Internet |
•Log
on to www.direxion.com. Establish an account ID and password by following
the instructions
on
the site.
•Follow
the instructions on the site. |
Through
Financial
Intermediaries |
Contact
your financial
intermediary. |
Type
of Transaction |
Federal Tax
Rate/Treatment* |
Dividend
(other than “qualified dividend
income”
(“QDI”) (see below)) distribution |
Ordinary
income rate |
Distribution
of QDI |
Long-term
capital gains rate |
Distribution
of net short-term capital gains |
Ordinary
income rate |
Distribution
of net long-term capital gains |
Long-term
capital gains rate |
Redemption
or exchange of Fund shares
owned
for more than one year |
Long-term
capital gain or loss |
Redemption
or exchange of Fund shares
owned
for one year or less |
Gain
is taxed at the same rate as ordinary
income;
loss is subject to special
rules |
|
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|
|
|
|
Net
Asset
Value,
Beginning
of
Year/Period |
Net
Investment
Income
(Loss)1,2 |
Net
Investment
Income
(Loss)1,3 |
Net
Realized
and
Unrealized
Gain
(Loss)
on
Investments4 |
Net
Increase
(Decrease)
in
Net
Asset
Value
Resulting
from
Operations |
Dividends
from
Net
Investment
Income |
Distributions
from
Realized
Capital
Gains |
Return
of
Capital
Distributions |
Total
Distributions |
Net
Asset
Value,
End
of
Year/Period |
Direxion
Monthly NASDAQ-100®
Bull 1.25X Fund |
|
|
|
|
|
|
|
|
|
|
Year
ended August 31, 2022 |
$65.5581 |
$(0.6681) |
$(0.5530) |
$(15.8640) |
$(16.5321) |
$– |
$(4.7768) |
$– |
$(4.7768) |
$44.2492 |
Year
ended August 31, 2021 |
$52.5948 |
$(0.6135) |
$(0.6118) |
$17.6713 |
$17.0578 |
$– |
$(4.0945) |
$– |
$(4.0945) |
$65.5581 |
Year
ended August 31, 2020 |
$32.4749 |
$(0.1129) |
$(0.0921) |
$22.5010 |
$22.3881 |
$(2.2682) |
$– |
$– |
$(2.2682) |
$52.5948 |
Year
ended August 31, 2019 |
$33.1531 |
$0.3204 |
$0.3284 |
$(0.8901) |
$(0.5697) |
$(0.1085) |
$– |
$– |
$(0.1085) |
$32.4749 |
Year
ended August 31, 2018 |
$28.5477 |
$0.0854 |
$0.0941 |
$8.8391 |
$8.9245 |
$– |
$(4.3191) |
$– |
$(4.3191) |
$33.1531 |
|
|
|
RATIOS
TO AVERAGE NET ASSETS7 |
Portfolio
Turnover
Rate8 | |||||
|
Total
Return5 |
Net
Assets,
End
of
Year/Period
(000's) |
Total
Expenses2 |
Net
Expenses2,6 |
Net
Investment
Income
(Loss)
after
Expense
Reimbursement
/Recoupment2 |
Total
Expenses3 |
Net
Expenses3,6 |
Net
Investment
Income
(Loss)
after
Expense
Reimbursement
/Recoupment3 | |
Direxion
Monthly NASDAQ-100®
Bull 1.25X Fund |
|
|
|
|
|
|
|
|
|
Year
ended August 31, 2022 |
(27.50)% |
$7,281 |
1.77% |
1.35% |
(1.15)% |
1.57% |
1.15% |
(0.95)% |
0% |
Year
ended August 31, 2021 |
34.93% |
$20,940 |
1.50% |
1.15% |
(1.13)% |
1.50% |
1.15% |
(1.13)% |
0% |
Year
ended August 31, 2020 |
72.08% |
$14,181 |
1.67% |
1.20% |
(0.29)% |
1.62% |
1.15% |
(0.24)% |
6825% |
Year
ended August 31, 2019 |
(1.67)% |
$17,314 |
1.62% |
1.18% |
1.03% |
1.59% |
1.15% |
1.06% |
0% |
Year
ended August 31, 2018 |
33.39% |
$2,295 |
1.52% |
1.18% |
0.27% |
1.49% |
1.15% |
0.30% |
0% |
1301
Avenue of the Americas (6th Avenue), 28th Floor |
New
York, New York 10019 |
(800)
851-0511 |
Write
to: |
Direxion
Funds
P.O.
Box 701
Milwaukee,
Wisconsin 53201-0701 |
Call: |
(800)
851-0511 |
By
Internet: |
www.direxion.com |