Direxion Mthly Latin America Bull 2X Inv  DXZLX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Latin America Stock 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?
   ---
   ---
  
  
As of 2009-07-31
Day Change
$ -1.04
  
NAV (2009-11-20)
$ 54.52
  
YTD Return % (2009-11-20)
180.16%
  
Total Assets ($ mil)
125
View Data Definitions
  Performance    
Growth of $10,000 Fund: Direxion Mthly Latin America Bull 2X Inv
(from 2006-05-01 to 2009-10-31) Category: Latin America Stock
Index: MSCI EAFE NR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2006-05-01 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 180.16 361.92 -4.83 --- --- -9.98
+/- Category 90.99 282.93 -13.18 --- --- ---
+/- MSCI EAFE NR USD 150.55 309.24 -0.08 --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 137.05 -30.34 -3.51 --- --- -10.30
Month-End (as of 2009-10-31) 137.82 96.43 -7.90 --- --- -9.98
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 88.32 -11.95 --- --- ---
On Distribution & Sale of Shares --- 59.81 -8.00 --- --- ---
Morningstar Rating --- --- --- --- ---
# of compared funds covered (3 yrs : out of 19 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 %
Information ---
Software ---
Hardware ---
Media ---
Telecommunications ---
Service ---
Healthcare ---
Consumer Services ---
Business Services ---
Financial Services ---
Manufacturing ---
Consumer Goods ---
Industrial Materials ---
Energy ---
Utilities ---
Asset Allocation
% of Net Assets
Cash 18.3
Stocks 81.7
Bonds 0.0
Other 0.0
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-07-31 Data through 2009-07-31
 
Holding Status
Total Number of Stock Holdings 1 Turnover % 120
Total Number of Bond Holdings 0 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 81.69 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector Country % of Net
Assets
S&P Lat Am Swap Ml --- --- 81.65
Goldman Sachs FS Government FST --- United States 18.32
iShares MSCI Brazil Index --- United States 0.04
S&P Lat Am Swap Ml --- --- 81.65
Goldman Sachs FS Government FST --- United States 18.32
iShares MSCI Brazil Index --- United States 0.04
Data through 2009-07-31
  Other Information
Fund Inception: 2006-05-01
Portfolio Manager  (Start Date)
Paul Brigandi  (2006-05-05)
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 % 1.75
based on net assets
(taken from annual report dated 2009-04-30)
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

© Copyright 2009 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc.
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.