DXKLXDXKSX Monthly 7-10 Year Treasury Bull & Bear 2x Funds Mutual Fund

Overview

The Direxion Monthly 7-10 Year Treasury Bull & Bear 2x Funds seek monthly investment results, before fees and expenses, of 200% or 200% of the inverse (or opposite) of the calendar month performance of the NYSE 7-10 Year Treasury Bond Index (AXSVTN). There is no guarantee the fund will meet its stated investment objective.

Fact Sheet Fund Guide Prospectus

Target Index

Index Description

The NYSE 7-10 Year Treasury Bond Index (AXSVTN) is a multiple-security fixed income index that aims to track the total returns of the intermediate 7 to 10 year maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding. One cannot directly invest in an Index.

 Index Credit Ratings (%)
Aaa 100

The credit ratings are published rankings based on detailed financial analysis by a credit bureau, specifically as it relates to the bond issuers ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB are considered investment grade.

 Index Bond Maturities (%)
7 to 8 Years 36.25
8 to 9 Years 33.67
9 to 10 Years 30.08

 

Duration
Index Duration = 7.45 Years

Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years.

 All data as of 06/30/2014 is subject to change at any time.

Why Monthly Leveraged?

Why Monthly Leveraged Mutual Funds?

Here you will find educational materials that aim to streamline and simplify leveraged index mutual funds, helping you to effectively deploy them in support of your portfolio strategies.

This page contains in depth information on the nature of leveraged index funds and related topics. These literature pieces should provide you with a good understanding of industry concepts and how leveraged index funds may perform.

  • Understanding Direxion Fund’s Monthly Leveraged Index Funds - Direxion Funds 2x Monthly Leveraged Index are mutual funds that provide 200% (or 200% of the inverse) exposure to their benchmarks and the ability for investors to navigate changing markets with flexibility. This information is designed to provide you with details concerning the composition of these funds, their monthly rebalancing feature, and the potential risks associated with them.
  • Managing Intra-Month Purchases of Monthly Leveraged Index Funds – This piece is designed to provided details on how to manage intra-monthly purchases of these funds, how to understand the changes in exposure that invariably occur each day of the month, and the tools that Direxion Funds offers to help investors understand current exposure level – so they can make educated decisions about any Leveraged Index Fund Purchase they may be considering.
  • The Impact of Changing Market Exposure on Leveraged Index Fund Performance - Leverage index fund performance can be significantly affected both positively and negatively by fluctuating market exposure. This piece provides a clear understanding of how market exposure can affect performance of these investments over time.
  • Correlation Analysis: A Key Practice in Achieving Portfolio Diversification – This paper examines the basics of correlation, its role in diversification and the importance of it’s continuous monitoring to ensure proper portfolio diversification.

Fund Symbol DXKLX DXKSX
Monthly Target 200% -200%
Bloomberg Index Symbol AXSVTN AXSVTN
CUSIP 254939689 254939184
Gross Expense Ratio 1.38% 1.35%
Net Expense Ratio 1.35%* 1.35%*
Inception Date Mar 31, 2005 May 17, 2004

Pricing and Performance

Price Information
NAVs and market price information as of August 31, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund 33.01
DXKSX Monthly 7-10 Year Treasury Bear 2x Fund 36.66 -0.02 -0.05

Performance
NAVs and market price information as of August 31, 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 %)
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund -0.53 2.44 9.41 4.80 5.34 6.59 7.47 1.38 / 1.35
DXKSX Monthly 7-10 Year Treasury Bear 2x Fund 0.21 -3.46 -11.17 -9.25 -11.54 -13.40 -11.26 -11.52 1.35 / 1.35
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 %)
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund -0.53 4.44 10.00 4.44 7.71 7.16 7.60 1.38 / 1.35
DXKSX Monthly 7-10 Year Treasury Bear 2x Fund 0.21 -5.34 -11.35 -8.98 -13.74 -13.99 -11.48 -11.63 1.35 / 1.35

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
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund 0.87101 0.04675
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund 1.99113 0.04578
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund 0.04058
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund 1.15552 0.13904