Regulatory Documents:
Prospectus | SAI | Semi-Annual Report | Annual Report
* Estimated Current Exposure Level data updated as often as once per minute, but this web page must be refreshed to obtain updated data.
The performance data quoted represents past performance; past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. For additional information, see the fund's prospectus.
PEMVX CUSIP: 254939796
Inception Date: 4/1/2004
PEVEX CUSIP: 254939788
Inception Date: 4/1/2004
PEVSX CUSIP: 254939580
Inception Date: 1/23/2006
PETRX CUSIP: 254939564
Inception Date: 1/23/2006
An investor should consider the investment objectives, risks, charges, and expenses of any of the Direxion Funds before investing. There is no guarantee that any Direxion Fund will achieve its investment objective. Investors should review the prospectus for more information about investing in Direxion Funds.
The principal risks of investing in the Evolution Funds are Risks of the Subadviser's Investment Strategy, Risks of Aggressive Investment Techniques, High Portfolio Turnover, Risk of Investing in Foreign Securities, Risks of Investing in ETFs and Closed End Investment Companies, Swap Agreement Risks, Counterparty Risks, Credit Risk, Risks of Shorting Securities, Risks of Investing in Derivatives, and Risk of Non-Diversification. The additional risks of investing in the Evolution Managed Bond Fund are Credit Risk and Lower-Quality Debt Securities, Interest Rate Changes, Prepayment Risk and Risk of Mortgage-Backed Securities, and Risk of Asset-Backed Securities. The additional risks of investing in the Evolution All-Cap Fund are Risks of Investing in Equity Securities, and Risks of Investing in Small Capitalization Companies. The additional risks of investing in the Evolution Market Leaders Fund are Risks of Investing in Equity Securities, and Risks of Investing in Small Capitalization Companies. The additional risks of investing in the Evolution Alternative Investment Fund are Risks of Asset-Backed Securities, Commodity Risk, Risks of Lower-Quality Debt Securities, Risks of Investing in Equity Securities, Interest Rate Risk, Prepayment Risks, Risks of Mortgage-Backed Securities, and Risks of Investing in Small Capitalization Companies. For more information on the risks of the Evolution Funds, including a description of each risk, please refer to the prospectus.