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Direxion Mthly Latin America Bull 2X Inv (DXZLX)

32.36 Down 0.87(2.62%) Sep 19

Profile as of Aug 30, 2014Get Profile for:
Direxion Mthly Latin America Bull 2X Inv
Direxion Funds33 Whitehall St., 10th Floor
Map
Phone: 800-851-0511
Fund Overview 
Category:Trading-Leveraged Equity
Fund Family:Direxion Funds
Net Assets:18.04M
Year-to-Date Return:27.68%
Yield:0.00%
Morningstar Rating:1 stars
Fund Inception Date:May 1, 2006
Morningstar Style Box 
Trading-Leveraged Equity
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Style box information not available for DXZLX.

Management Information 
Tony Ng
Lead Manager since May 1, 2006
Ng is a Portfolio Manager and joined Rafferty 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.
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
DXZLX can be purchased from 75 brokerages.

Fund Summary 
The investment seeks monthly investment results, before fees and expenses, of 200% of the calendar month performance of the S&P® Latin America Index. The fund, under normal circumstances, invests at least 80% of its assets in the equity securities that comprise the index and/or financial instruments that, in combination, provide leveraged exposure to the index. On a day-to-day basis, it may hold money market funds and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements. The fund is non-diversified.

Fund Operations 
Last Dividend (Dec 9, 2008) : 0.82
Last Cap Gain (Dec 16, 2007) : 10.10
Annual Holdings Turnover (Oct 5, 2010) : 0.00%
Average for Category:293.25%
Fees & Expenses 
ExpenseDXZLXCategory Avg
Annual Report Expense Ratio (net):1.90%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*:428718
5 Yr Expense Projection*:7391,198
10 Yr Expense Projection*:1,6242,518
* Per $10,000 invested