Fund Highlights

Fund Information

Direxion/Wilshire Dynamic Fund

Implementation of the Fund

Adding the Dynamic Fund to your portfolio

Because the Direxion/Wilshire Dynamic Fund is based on a moderate strategic asset allocation model, it may be used as a comprehensive investment option for those investors who have a risk tolerance that aligns with the Fund's asset mix. It can also be used to offset more conservative or more aggressive portfolio holdings—for investors who are interested in managing portfolio risk.

How the Fund may be used

Because of its comprehensive exposure to multiple asset classes, financial professionals may incorporate the Fund in various strategies, such as having the Fund serve as:

a core portfolio holding for advisors who employ "core and explore" or "core and satellite" strategies;
the baseline allocation in a client's portfolio (while other more narrowly focused investments can be used to seek additional non-correlated returns);
a satellite fund to supplement advisors' primary portfolios; or
a tracking portfolio for those advisors who wish to benchmark their own modeling and measure the value of the tactical overlay applied by Wilshire.

Summary

In these unpredictable markets, advisors are looking for ways to provide better risk-adjusted returns to their clients—and investors are looking for investment alternatives that have the potential to provide better long-term results than traditional buy-and-hold portfolios. The Direxion/Wilshire Dynamic Fund is an investment option that can help to achieve these goals.

To learn more about the Direxion/Wilshire Dynamic Fund and the important role it can play in your clients' investment strategies, please contact Direxion Funds at 877.437.9363 or info@direxionfunds.com.

Overview

The Principal
Investment Strategy

What is Tactical
Investing?

Benefits of
The Dynamic Fund

Implementation
of the Fund

Wilshire Funds Management uses mathematical and statistical investment processes to allocate assets, select managers and construct portfolios and funds in ways that seek to outperform their specific benchmarks. Past performance is no guarantee of future results. Each model and asset class entails risk. There is no guarantee that these investment strategies will work under all market conditions and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those shown. Wilshire is a registered service mark of Wilshire Associates Incorporated of Santa Monica, California. The model portfolios described in this paper are hypothetical in nature. The actual characteristics and performance of a port- folio based on these models will vary. All data used for explanatory purposes in this paper is as of December 31, 2007, except for the Bear Market Strategy, which uses January 31, 2008 data for comparative purposes.

An investor should consider the investment objectives, risks, charges, and expenses of the Direxion funds carefully before investing. The prospectus contains this and other information about Direxion funds. To obtain a prospectus, please contact Direxion Funds at 800.851.0511. The prospectus should be read carefully before investing. 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 lever- age will magnify gains or losses on those investments.