Direxion Indexed Commodity Strategy Fund

Symbol	Fund	Index/Benchmark
DXCTX	Direxion Indexed Commodity Strategy Fund - A Shares	Auspice Broad Commodity ER Index
DXSCX	Direxion Indexed Commodity Strategy Fund - C Shares	Auspice Broad Commodity ER Index

* Estimated Current Exposure Level data updated as often as once per minute, but this web page must be refreshed to obtain updated data.

A Share
Symbol: DXCTX
CUSIP: 254939457
Inception Date: 06/04/2008

Institutional Class
Symbol: DXCIX
CUSIP: 254939382
Inception Date: 05/01/2009

C Share
Symbol: DXSCX
CUSIP: 254939341
Inception Date: 03/01/2010

The Direxion Indexed Commodity Strategy Fund seeks investment results, before fees and expenses, that track the performance of the Auspice Broad Commodity ER Index (a long/flat index).

The Auspice Broad Commodity ER Index aims to capture upward trends in the commodity markets while minimizing risk during down trends. The index will use a quantitative methodology to track either long or flat positions in a diversified portfolio of 12 commodity futures which cover the energy, metal, and agricultural sectors. The index incorporates dynamic risk management and contract rolling methods.

Total Fund Exposure

Fund Statistics

Correlation
•	S&P 500	-0.19
•	Barclays Capital Aggregate Bond Index	-0.47

Beta to S&P 500		-0.18
Standard Deviation		20.0%

Data as of 2/1/2012 is subject to change at any time and are not recommendations to buy or sell any security.

Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)

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 the Direxion Funds at 800.851.0511. The prospectus should be read carefully before investing.

Investing in index funds may be more volatile than investing in broadly diversified funds. The use of leverage by a mutual fund increases the risk to the fund. The more a fund invests in leveraged instruments the more the leverage will magnify gains or losses on those investments.

Investing in funds that invest in specific industries or geographic regions may be more volatile than investing in broadly diversified funds. The principal risks of investing in the Direxion Indexed Commodity Strategy Fund are Risks of Investing in Commodity-Linked Derivatives, Risks of Investing in Wholly-owned Subsidiary, High Portfolio Turnover, Tax Risk, Risk of Tracking Error, Risks of Aggressive Investment Techniques, Leverage Risk, Derivatives Risks, Counterparty Risks, Risk of Non-Diversification, Risks of Investing in Other Investment Companies and ETFs, Adverse Market Conditions, Risks of Investing in Equity Securities, Credit Risk and Concentration Risk.