Direxion Mthly 10 Year Note Bull 2.5X  DXKLX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Long Government Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   ---
   Avg Credit Quality
   ---
As of 2009-08-31
Day Change
$ -0.02
  
NAV (2009-11-23)
$ 27.78
  
YTD Return % (2009-11-23)
-12.37%
  
Total Assets ($ mil)
24
View Data Definitions
  Performance    
Growth of $10,000 Fund: Direxion Mthly 10 Year Note Bull 2.5X
(from 2005-03-31 to 2009-10-31) Category: Long Government
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-23
Inception date: 2005-03-31 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-23
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund -12.37 3.70 14.57 --- --- 8.63
+/- Category 0.14 -5.12 7.40 --- --- ---
+/- BarCap US Agg Bond TR USD --- --- --- --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) -11.77 17.82 14.62 --- --- 9.11
Month-End (as of 2009-10-31) -12.87 19.41 14.31 --- --- 8.63
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 19.41 13.92 --- --- ---
On Distribution & Sale of Shares --- 12.62 12.15 --- --- ---
Morningstar Rating --- --- --- --- ---
# of compared funds covered (3 yrs : out of 2 funds), (5 yrs : out of funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus 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 data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government
US Treasuries ---
TIPS ---
US Agency ---
Mortgage
Mortgage Pass-Thru ---
Mortgage CMO ---
Mortgage ARM ---
Credit
US Corporate ---
Asset-Backed ---
Convertible ---
Municipal ---
Corporate Inflation-Protected ---
Foreign
Foreign Corp ---
Foreign Govt ---
Cash ---
Bond Quality % of Bonds
AAA ---
AA ---
A ---
BBB ---
BB ---
B ---
Below B ---
Not Rated ---
 
Asset Allocation
% of Net Assets
Cash 15.9
Stocks 0.0
Bonds 84.1
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-08-31 Data through 2009-08-31
 
Holding Status
Total Number of Stock Holdings Turnover % 2,327
Total Number of Bond Holdings 2 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 84.14 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Us Treasury Index Tr Swap Credit Suisse --- 31 30,412 55.58
US Treasury Note 3.125% 2019-05-15 16,000 15,625 28.56
Goldman Sachs FS Government FST --- 8,677 8,677 15.86
Us Treasury Index Tr Swap Credit Suisse --- 31 30,412 55.58
US Treasury Note 3.125% 2019-05-15 16,000 15,625 28.56
Goldman Sachs FS Government FST --- 8,677 8,677 15.86
Data through 2009-08-31
  Other Information
Fund Inception: 2005-03-31
Portfolio Manager  (Start Date)
Paul Brigandi  (2005-04-11)
Brigandi has been a portfolio manager at Rafferty Asset Management since June 2004. He was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004.
Tony Ng  (2006-12-29)
Ng is a Portfolio Manager and joined Rafferty in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004.
Adam Gould  (2007-12-28)
Gould has been a Portfolio Manager at Rafferty Asset Management since January of 2007. Prior to joining Rafferty, he was an Index Fund Portfolio Manager at the Bank of New York, responsible for managing ten domestic index funds, and 20 separately managed accounts. Gould was a NASDAQ Market Maker at Deutsche Bank from 1999 through 2002.
Aram Babikian  (2008-12-29)
Aram is a Portfolio Manager and joined Rafferty in September of 2008. Prior to joining Rafferty, Aram worked for Goldman Sachs as a client derivative portfolio valuations analyst. He graduated from Baruch College in 2005 with a Bachelor of Business Administration in Finance.
Sales Charge %
(taken from prospectus dated 2009-09-30)
Front: None
Deferred: None
Expense Ratio % 1.77
based on net assets
(taken from annual report dated 2009-08-31)
Correspondence Information
33 Whitehall St., 10th Floor

New York,  NY  10004
USA
Telephone:
800-851-0511
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.