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    Direxion Mthly S&P 500 Bull 2X Inv (DXSLX)

    92.08 Down 0.08(0.09%) Jul 2

    Profile as of May 30, 2015Get Profile for:
    Direxion Mthly S&P 500 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:62.53M
    Year-to-Date Return:5.06%
    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 DXSLX.

    Management Information 
    Paul Brigandi
    Lead Manager since May 1, 2006
    Paul Brigandi, the Fund’s Portfolio Manager, is primarily responsible for the day-to-day management of the Fund. An investment trading team of Rafferty employees assists Mr. Brigandi in the day-to-day management of the Fund subject to his primary responsibility and oversight. The Portfolio Manager works with the investment trading team to decide the target allocation of the Fund’s investments and on a day-to-day basis, an individual portfolio trader executes transactions for the Fund consistent with its target allocation. The members of the investment trading team rotate among the various series of the Trust, including the Fund periodically so that no single individual is assigned to a specific Fund for extended periods of time. Mr. Brigandi has been a Portfolio Manager at Rafferty since June 2004. Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. Mr. Brigandi is a 2002 graduate of Fordham University.
    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
    DXSLX 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 S&P 500® Index. The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the S&P 500® Index (the "index") and/or financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is non-diversified.

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Dec 15, 2014) : 0.00
    Annual Holdings Turnover (Jun 30, 2015) : N/A
    Average for Category:250.84%
    Fees & Expenses 
    ExpenseDXSLXCategory Avg
    Annual Report Expense Ratio (net):1.35%2.05%
    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