Direxion Monthly NASDAQ-100(R) Bull 1.25X Fund — new fund registration

DIREXION FUNDS registered 8 new fund series on Form 485APOS, filed 2016-01-14. Featured series: Direxion Monthly NASDAQ-100(R) Bull 1.25X Fund.

Registration

Registrant / trust: DIREXION FUNDS
CIK: 0001040587
Form: 485APOS
Filed: 2016-01-14
State of incorporation: MA
Accession: 0001193125-16-429886
Reported net assets: $7.9M

Series & classes (8)

Series	Class	Ticker	New
Direxion Monthly NASDAQ-100(R) Bull 1.25X Fund	Direxion Monthly NASDAQ-100(R) Bull 1.25X Fund	DXNLX	Yes
Direxion Monthly NASDAQ-100(R) Bear 1.25X Fund	Direxion Monthly NASDAQ-100(R) Bear 1.25X Fund	—	Yes
Direxion Monthly NASDAQ Biotechnology Bear 1.25X Fund	Direxion Monthly NASDAQ Biotechnology Bear 1.25X Fund	—	Yes
Direxion Monthly MSCI Europe Bear 1.25X Fund	Direxion Monthly MSCI Europe Bear 1.25X Fund	—	Yes
Direxion Monthly MSCI EAFE Bear 1.25X Fund	Direxion Monthly MSCI EAFE Bear 1.25X Fund	—	Yes
Direxion Monthly NASDAQ Biotechnology Bull 2X Fund	Direxion Monthly NASDAQ Biotechnology Bull 2X Fund	—	Yes
Direxion Monthly MSCI Europe Bull 2X Fund	Direxion Monthly MSCI Europe Bull 2X Fund	—	Yes
Direxion MSCI EAFE Bull 2X Fund	Direxion MSCI EAFE Bull 2X Fund	—	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.25%
Gross expense ratio: 2.57%
Management fee: 0.75%
Net expense ratio: 1.34%
Other expenses: 1.45%

Investment objective

The Fund seeks monthly investment results, before fees and expenses, of 125% of the calendar month performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a full calendar month .

Advisers

RAFFERTY ASSET MANAGEMENT, LLC (Advisor)