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

Key Features

The key benefits of the strategy include:

  •  Providing a transparent and relatively cost-efficient way to get exposure to managed futures
  • An index-based methodology, which may set it apart from other managed futures investments available in the retail marketplace
  • Seen as a good complement to single- or multi-manager managed futures strategies
  • No additional underlying manager fees or incentive fees that are typically associated with other sub-advised managed futures strategies
  • Completely quantitative, rules-based process that is verifiable and repeatable

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.

Strategy & Benefits

Principal Investment Strategy

The investment strategy of the Fund includes:

  • A quantitative, strategic index-based approach to managed futures investing
  • Exposure to 21 futures markets (commodities, interest rates, and currencies) that can individually be long or short
  • The ability to make position changes intra-month based on trends
  • A review of trends over shorter time periods, making it more responsive
  • Monthly rebalance based on risk reduction where the allocation of individual components is reduced only if volatility exceeds certain predetermined risk levels
  • A “smart” contract roll approach 1

1Smart Contract Roll Approach – A futures contract roll approach designed to select cost effective futures contracts to roll into upon expiration of current contract.

Why Managed Futures?

  • Historically have shown a low correlation to stocks, bonds and other alternatives
  • Seeks to take advantage of price trends whether rising or falling in different futures markets
  • Potential to enhance returns and mitigate risk when added to overall portfolio
  • Long-term performance history to reference

Component Sectors

Component Sectors and Current Positioning (as of 7/31/2014)

Position (Long/Short)
Energy
Crude Light LONG
Heating Oil SHORT
Gasoline RBOB LONG
Natural Gas SHORT
Metals
Gold LONG
Silver SHORT
Copper LONG
Agriculture
Corn SHORT
Soybeans SHORT
Wheat SHORT
Cotton SHORT
Sugar SHORT
Interest Rates
30 Year Bond LONG
10 Year Note LONG
Treasury Note/5 Yr. (USA) LONG
Currencies
Aussie Dollar LONG
British Pound LONG
Canadian Dollar LONG
Euro SHORT
Japanese Yen LONG
U.S. Dollar Index LONG

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 September 22, 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 37.65 0.31 0.83
DXMCX Direxion Indexed Managed Futures Strategy Fund - C Shares 36.90 0.30 0.82
DXMIX Direxion Indexed Managed Futures Strategy Fund - Institutional 37.88 0.30 0.80

Performance
NAVs and market price information as of September 22, 2014

All data as of 8/31/2014
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 0.17 2.28 -6.83 -8.84 -5.00 1.45 / 1.45
DXMCX Direxion Indexed Managed Futures Strategy Fund - C Shares 0.12 2.08 -7.31 -9.51 -5.72 2.20 / 2.20
DXMIX Direxion Indexed Managed Futures Strategy Fund - Institutional 0.23 2.35 -6.65 -8.58 -4.77 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.

Distributions

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