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    Direxion Mthly NASDAQ-100 Bull 2X Inv (DXQLX)

    62.99 Up 0.57(0.91%) Jul 29

    Profile as of Jun 29, 2015Get Profile for:
    Direxion Mthly NASDAQ-100 Bull 2X Inv
    Direxion Funds1301 Avenue Of The Americas ( 6th Avenue)New York NY 10019
    Map
    Phone: 800-851-0511
    Fund Overview 
    Category:Trading-Leveraged Equity
    Fund Family:Direxion Funds
    Net Assets:112.92M
    Year-to-Date Return:6.97%
    Yield:0.00%
    Morningstar Rating:3 stars
    Fund Inception Date:May 1, 2006
    Morningstar Style Box 
    Trading-Leveraged Equity
    [View Category Definition]
    View Top Trading-Leveraged Equity Funds
    About the Morningstar Style Box

    Style box information not available for DXQLX.

    Management Information 
    Tony Ng
    Lead Manager since May 1, 2006
    Ng is a Portfolio Manager and joined Rafferty Asset Management in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004. Mr. Ng graduated from State University at Buffalo in 1998.
    Investment Information 
    Min Initial Investment:25,000
    Min Initial Investment, IRA:25,000
    Min Initial Investment, AIP:25,000
    Min Subsequent Investment:500
    Min Subsequent Investment, IRA:0
    Min Subsequent Investment, AIP:500
    DXQLX can be purchased from 78 brokerages.

    Fund Summary 
    The investment seeks monthly investment results, before fees and expenses, of 200% of the calendar month performance of the NASDAQ-100® Index. The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the NASDAQ-100® Index (the "index") and/or financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The financial instruments in which the fund may invest includes exchange-traded funds, stock index futures contracts, swap agreements and options on securities, ETFs and stock indices intended to produce economically leveraged investment results. It is non-diversified.

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Dec 15, 2014) : 0.00
    Annual Holdings Turnover (Jul 27, 2015) : N/A
    Average for Category:247.22%
    Fees & Expenses 
    ExpenseDXQLXCategory Avg
    Annual Report Expense Ratio (net):1.35%2.03%
    Prospectus Net Expense Ratio:1.35%N/A
    Prospectus Gross Expense Ratio:1.35%N/A
    Max 12b1 Fee:0.25%N/A
    Max Front End Sales Load:N/A4.75%
    Max Deferred Sales Load: N/A1.00%
    3 Yr Expense Projection*:428700
    5 Yr Expense Projection*:7391,165
    10 Yr Expense Projection*:1,6242,449
    * Per $10,000 invested