The fund allocates at least 80% of its net assets (including borrowing for investment purposes) to securities of the index, ETFs tracking the index, and other financial instruments offering monthly exposure to the index or related ETFs. The index is a rules-based, systematic strategy index calculated in U.S. dollars, providing exposure to an equal-weighted portfolio of high-yield ETFs. 

Nasdaq

DXHYX

Under normal conditions, the fund invests at least 80% of its net assets (including borrowing for investment purposes) in securities of the index, ETFs tracking the index, and other financial instruments offering monthly exposure to the index or related ETFs. The index is a market value-weighted index comprising publicly issued U.S. Treasury securities with a remaining maturity between seven and ten years. 

DXKLX

The fund invests in swap agreements, futures contracts, short positions, or other financial instruments providing inverse or short leveraged exposure to the index, equal to at least 80% of the fund's net assets (including borrowing for investment purposes). The index is a market value-weighted index comprising publicly issued U.S. Treasury securities with a remaining maturity between seven and ten years.

DXKSX

The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities of the index, exchange-traded funds ("ETFs") that track the index and other financial instruments that provide monthly exposure to the index or to ETFs that track the index. The index includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock MarketÂ® based on market capitalization. The fund is non-diversified.

DXNLX

The Direxion Monthly NASDAQ-100® Bull 1.75X Fund aims to achieve monthly investment results, before fees and expenses, of 175% of the NASDAQ-100® Index's calendar month performance. The NASDAQ-100® Index includes 100 of the largest domestic and international non-financial companies listed on the NASDAQ Stock Market®, based on market capitalization.

DXQLX

The fund allocates at least 80% of its net assets (including borrowing for investment purposes) to securities of the index, exchange-traded funds tracking the index, and other financial instruments offering monthly exposure to the index or related ETFs. The index evaluates the performance of around 2,000 small-capitalization companies in the Russell 3000® Index based on a combination of market capitalization and current index membership. 

DXRLX

The fund allocates at least 80% of its net assets (including borrowing for investment purposes) to securities of the S&P 500® Index, ETFs tracking the index, and other financial instruments offering monthly exposure to the index or related ETFs.

DXSLX

The fund utilizes a disciplined approach to balancing fixed income investments with historically higher income producing equity investments, with a focus on minimizing absolute risk and volatility. The fund's subadviser generally seeks to mitigate portfolio risk and volatility by creating a diversified portfolio of income producing securities that also offer the potential for capital appreciation but also may invest in options to attempt to hedge volatility and portfolio risks.

HCYAX

The investment primarily aims for income generation and capital appreciation while preserving capital. The fund balances fixed income and higher-yielding equity investments, minimizing risk and volatility. The subadviser creates a diversified portfolio of income-producing securities with appreciation potential and may use options to hedge against volatility and mitigate risks.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
DXHYX	Direxion Monthly High Yield Bull 1.2X Fund	Leveraged, Leveraged Bonds	Feb 17, 2016	1.35%	1.27%	—	3.95%
DXKLX	Direxion Monthly 7-10 Year Treasury Bull 1.75X Fun...	Leveraged, Leveraged Bonds	Mar 31, 2005	1.35%	-6.90%	-1.72%	1.09%
DXKSX	Direxion Monthly 7-10 Year Treasury Bear 1.75X Fun...	Inverse Bonds, Leveraged	May 17, 2004	1.35%	7.24%	-0.85%	14.36%
DXNLX	Direxion Monthly NASDAQ-100 Bull 1.25X Fund	Leveraged Equities, Leveraged	Mar 31, 2016	1.19%	11.92%	—	0.19%
DXQLX	Direxion Monthly NASDAQ-100 Bull 1.75X Fund	Leveraged Equities, Leveraged	May 1, 2006	1.39%	15.36%	30.42%	0.39%
DXRLX	Direxion Monthly Small Cap Bull 1.75X Fund	Leveraged Equities, Leveraged	Feb 22, 1999	1.35%	2.63%	8.15%	0.70%
DXSLX	Direxion Monthly S&P 500 Bull 1.75X Fund	Leveraged Equities, Leveraged	May 1, 2006	1.35%	17.08%	19.44%	0.56%
HCYAX	Hilton Tactical Income Fund	Tactical Allocation	Sep 15, 2013	1.12%	5.33%	—	2.93%
HCYIX	Hilton Tactical Income Fund Institutional Class	Tactical Allocation	Sep 16, 2013	0.87%	5.49%	—	3.12%

Direxion Mutual Funds List

Risk vs. Return Scatterplot