Fund Highlights

Fund Information

The Commodity Trends Strategy Fund

The importance of non-correlation

Non-correlating assets help reduce volatility, while providing diversification and risk-adjusted returns for your investors' portfolios. Whether market volatility is high or low, investors should consider incorporating alternative assets that have low correlation to traditional investment vehicles into their portfolios.

The graph (below) compares the correlation of traditional asset classes to that of both the S&P 500® Index and the Direxion Commodity Trends Strategy Fund.

Correlation Analysis

As you can see, the Commodity Trends Strategy Fund has historically performed independently of traditional asset classes, such as stocks and bonds. This non-correlation could allow portfolio volatility to be reduced when the fund is included as part of a well-balanced portfolio.

6 It is important to note that different time frames will result in different correlations.

The Russell Indexes noted herein are trademarks of Russell Investments and have been licensed for use by Direxion Funds. The fund is not sponsored, endorsed, sold or promoted by Russell Investments and Russell Investments makes no representation regarding the advisability of investing in the fund. The S&P indexes are trademarks of Standard and Poor's, a division of the McGraw Hill Companies, Inc. MSCI indexes are the exclusive property of MSCI and its affiliates. All rights reserved. Indexes are unmanaged and cannot be invested in directly.

Diversification does not guarantee protection against market losses or ensure a gain.

The Commodity
Trends Startegy Fund

Why
Commodities

Why a Long/Short
Commodity Strategy?

Why Invest in the
fund?

Advantages

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 Direxion Funds at 800.851.0511. The prospectus should be read carefully before Investing. 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 Commodity Trends Strategy Fund are risks of investing in commodity-linked derivatives, risks of investing in wholly owned subsidiary, high portfolio turnover, tax risk, the 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, derivatives risk, risks of shorting instruments, risks of volatile markets, risks of investing in a Wholly Owned Subsidiary and concentration risk.