Commodity Trends Strategy Fund

DXCTX

Download Commodity Trends Strategy Fund Literature

Symbol	Fund	Index/Benchmark
DXCTX	Commodity Trends Strategy Fund	S&P Commodity Trends Index

The Direxion Commodity Trends Strategy Fund seeks daily investment results, before fees and expenses, of the performance of the Standard and Poor's Commodity Trends Indicator ("S&P CTI").

Standard & Poor's Commodity Trends Indicator (S&P CTI) is an investible long / short strategy that offers exposure to 16 commodity markets (in six sectors) and will hold them long or short, based on a price momentum formula. The long/short decision involves monitoring the price of the sectors in relation to their respective seven-month moving average price. The exception within the model is the Energy sector which, due to geopolitical issues, economic changes and other factors uniquely related to the sector, is positioned either long or neutral (flat).

Energy	37.5%	Precious Metals	10.5%	Industrial Metals	10.0%
Grains	23.0%	Livestock	10.0%	Softs	9.0%

Data as of 06/30/2008 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.

The principal risks of investing in the Commodity Trends 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.