Direxion Currency Trends Strategy Plus Fund

Symbol	Fund	Index/Benchmark
DXFTX	Direxion Currency Trends Strategy Plus Fund - A Shares	FXTI
DXFIX	Direxion Currency Trends Strategy Plus Fund - Institutional Class	FXTI
DXFCX	Direxion Currency Trends Strategy Plus Fund - C Shares	FXTI

* Estimated Current Exposure Level data updated as often as once per minute, but this web page must be refreshed to obtain updated data.

A Share
Symbol: DXFTX
CUSIP: 254939390
Inception Date: 03/02/2009

Institutional Class
Symbol: DXFIX
CUSIP: 254939374
Inception Date: 05/01/2009

C Share
Symbol: DXFCX
CUSIP: 254939333
Inception Date: 03/01/2010

The Direxion Currency Trends Strategy Plus Fund seeks investment results, before fees and expenses, of 150% of the calendar month performance of the Alpha Financial FX Trends Index ("FXTI"), while implementing a strategic overlay to maintain the Fund's exposure to the FXTI between 145% and 155%. The Fund is different and riskier than most mutual funds.

The FX Trends Index™ (FXTI) is a quantitative, rules-based methodology designed to reflect price movements across a basket of 11 foreign exchange futures contracts. The contracts are represented on either a "long" or "short" basis depending on recent price trends. With the ability to take long or short positions, the FXTI is designed to capture the economic benefit over long time periods derived from both rising and declining price trends within a basket of global currencies.

Fund Sector Weightings

Currency	Weighting	Long/Short
Euro	15.00%	Long
Japanese Yen	-15.00%	Short
Swiss Franc	15.00%	Long
Australian Dollar	6.25%	Long
British Pound	-7.50%	Short
Canadian Dollar	-7.50%	Short
South African Rand	6.25%	Long
New Zealand Dollar	6.25%	Long
Mexican Peso	7.50%	Long
Brazilian Real	7.50%	Long
Norwegian Krone	6.25%	Long

Total Fund Exposure

Fund Risk/Return Metrics

Correlation
•	S&P 500	-0.16
•	Barclays Capital Aggregate Bond Index	0.45

Beta to S&P 500		-0.07
Standard Deviation		7.6%

Data as of 12/31/2011 is subject to change at any time and are not recommendations to buy or sell any security.

Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)

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 the Direxion Funds at 800.851.0511. The prospectus should be read carefully before investing.

Investing in index funds may be more volatile than investing in broadly diversified funds. The use of leverage by a mutual fund increases the risk to the fund. The more a fund invests in leveraged instruments the more the leverage will magnify gains or losses on those investments.

The risks associated with the Direxion Currency Trends Strategy Plus Fund are detailed in the prospectus and Statement of Additional Information (available upon request, free of charge). These include, but are not limited to, risks of high portfolio turnover; risk of tracking error; leverage, derivatives and counterparty risks; risk of non-diversification; risk of interest rate changes; risks of investing in other investment companies and Exchange-Traded Funds (ETFs); risks of adverse market conditions; risks of investing in equity securities and foreign instruments; risks of currency exchange rates; risks of shorting instruments; risks of the adviser's investment strategy; credit risk; and valuation time risk.

Direxion imposes a 1.00% redemption fee on the Currency Trends Strategy Fund for shares redeemed within ninety days of the date of purchase.