Fund Highlights

Fund Information

The Financial Trends Strategy Fund

The benefits of long/short investing

Financial and currency futures

Because financial and currency futures deviate and revert to their mean (i.e., fair value), sufficient risk-adjusted returns cannot ordinarily be generated over the long run through the use of long-only investment strategies. But since the financial futures markets trend over certain time horizons, investors can leverage their cyclical nature through the use of a dynamic long/short investment strategy – which enables individuals to potentially benefit from both upward and downward trends in the markets.

Thanks to the Financial Trends Strategy Fund, financial professionals can offer their clients a long/short financial futures fund without employing an in-house tactical trading strategy.

Positioning a portfolio to handle interest rate changes

Interest rates can (and often do) change direction frequently. These movements can affect the value of Treasury and currency positions. The Financial Trends Strategy Fund provides investors with a tool to help mitigate the effects of interest rate movements – thanks to the Fund's investments in U.S. Treasury bonds and notes, and its ability to hold long and short positions in these financial instruments.

Each month, each component is passively positioned either long or short, using a rules-based process. Shown above are the approximate component weightings included in the FTI as of January 1, 2010. The FTI individual market components and related weightings, as well as other aspects of the calculation of the FTI are subject to change at any time.

The Financial
Trends Strategy Fund

Why
Financial Futures

Why a Long/Short
Financial Futures Strategy?

Why Invest in the
fund

Advantages

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 funds that invest in specific industries or geographic regions may be more volatile than investing in broadly diversified funds.

The risks associated with the Direxion Financial Trends Strategy Fund are detailed in the prospectus and Statement of Additional Information (available upon request, free of charge). These include, but are not limited to, risks of high portfolio turnover; risk of tracking error; leverage, derivatives and counterparty risks; risk of non-diversification; risk of interest rate changes; risks of investing in other investment companies and Exchange-Traded Funds (ETFs); risks of investing in equity securities and foreign instruments; risks of currency exchange rates; market risk, risk of options and futures contracts; risk of shorting instruments; volatile markets; security selection risk; credit risk; and valuation time risk.