DXMAXDXMCXDXMIX Direxion Indexed Managed Futures Strategy Fund Mutual Fund

Overview

The Direxion Indexed Managed Futures Strategy Fund seeks investment results, before fees and expenses, generally comparable to the performance of the Auspice Managed Futures ER Index (AMFERI), a long/short managed futures index.

Fact Sheet  Brochure  Prospectus  

Why Invest in the Fund?

  • An index-based methodology, with no underlying manager and incentive fees

  • Non-correlation to stocks and bonds

  • Disciplined, quantitative, rules-based approach to managed futures investing

The Direxion Indexed Managed Futures Strategy Fund offers an index-based methodology and no underlying manager or incentive fees. The fund seeks to replicate the performance of the Auspice Managed Futures ER Index (AMFERI), a long/short index that provides exposure to 21 futures markets including commodities, currencies and interest rates. The fund provides a disciplined approach to managed futures investing without sacrificing performance or diversification.

Strategy & Benefits

Investment Strategy

  • Tracks a quantitative, rules-based index

  • Provides exposure to 21 futures markets (commodities, interest rates, and currencies) that can individually be positioned long or short

  • Has the flexibility to make position changes (long or short) intra-month based on trends

  • Reviews trends over shorter time periods, making it more responsive to rapidly changing markets

  • Rebalances monthly based on risk, reducing individual component allocations, when volatility exceeds predetermined levels

  • Uses a smart-contract roll approach designed to select the most cost effective futures contracts

Key Strategy Benefits

Managed futures have been used successfully by institutional investors for more than 30 years. The advent of managed futures mutual funds has made investing in the asset class more accessible and cost effective.

With the ability to go both long and short, managed futures are highly flexible financial instruments that can provide portfolio diversification and a host of other benefits:

  • Historically lower correlation1 to stocks, bonds, and other alternatives

  • Demonstrated ability to perform in various market conditions

  • Provide potential to enhance returns and mitigate risk when used as a complement to stocks and bonds

Component Sectors

Component Sectors

Direxion Indexed Managed Futures Strategy Fund (DXMAX)
(as of 3/31/2014)

Energy

Current Month (L/S)

Crude Light

LONG

Heating Oil

LONG

Gasoline RBOB

LONG

Natural Gas

LONG

 

Metals

Current Month (L/S)

Gold

LONG

Silver

SHORT

Copper

SHORT

 

Agriculture

Current Month (L/S)

Corn

LONG

Soybeans

LONG

Wheat

LONG

Cotton

LONG

Sugar

SHORT

 

Interest Rates

Current Month (L/S)

30 Year Bond

LONG

10 Year Note

SHORT

Treasury Note/5 Yr. (USA)

LONG

 

Currencies

Current Month (L/S)

Aussie Dollar

SHORT

British Pound

LONG

Canadian Dollar

SHORT

Euro

LONG

Japanese Yen

SHORT

U.S. Dollar Index

SHORT

Data is subject to change at any time and are not recommendations to buy or sell any security.

 

Fund Symbol DXMAX DXMCX DXMIX
Bloomberg Index Symbol AMFERI AMFERI AMFERI
CUSIP 254939291 254939283 254939275
Gross Expense Ratio 1.45% 2.20% 1.20%
Net Expense Ratio 1.45% 2.20% 1.20%
Inception Date Feb 01, 2012 Feb 01, 2012 Feb 01, 2012

Pricing and Performance

Price Information
NAVs and market price information as of August 19, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
DXMAX Direxion Indexed Managed Futures Strategy Fund - A Shares 35.22 -0.13 -0.37
DXMCX Direxion Indexed Managed Futures Strategy Fund - C Shares 34.55 -0.13 -0.37
DXMIX Direxion Indexed Managed Futures Strategy Fund - Institutional 35.43 -0.14 -0.39

Performance
NAVs and market price information as of August 19, 2014

All data as of 7/31/2014
Ticker Fund Name 1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
DXMAX Direxion Indexed Managed Futures Strategy Fund - A Shares 0.84 -2.07 -6.99 -10.10 -5.23 1.45 / 1.45
DXMCX Direxion Indexed Managed Futures Strategy Fund - C Shares 0.76 -2.28 -7.42 -10.76 -5.95 2.20 / 2.20
DXMIX Direxion Indexed Managed Futures Strategy Fund - Institutional 0.83 -2.03 -6.86 -9.86 -5.01 1.20 / 1.20
All data as of 6/30/2014
Ticker Fund Name 1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
DXMAX Direxion Indexed Managed Futures Strategy Fund - A Shares 1.26 -1.59 -7.76 -13.66 -5.74 1.45 / 1.45
DXMCX Direxion Indexed Managed Futures Strategy Fund - C Shares 1.19 -1.76 -8.12 -14.29 -6.45 2.20 / 2.20
DXMIX Direxion Indexed Managed Futures Strategy Fund - Institutional 1.28 -1.50 -7.63 -13.42 -5.51 1.20 / 1.20

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 for one year and under 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 or summary prospectus.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain