Direxion Airline Shares

The investment seeks daily investment results, before fees and expenses, of the price performance of the NYSE Arca Airline Index.
The fund, under normal circumstances, invests at least 80% of net assets in the equity securities that comprise the index and/or: financial instruments that provide exposure to the index. The index is a modified equal-dollar weighted Index designed to measure the performance of highly capitalized and liquid U.S. and international passenger airline companies identified as being in the airline industry, and listed on developed and emerging global market exchanges. The fund is non-diversified.

Key stats

Management firm  Direxion Funds
Fund Status  OBSOLETE
Fund currency  USD
Launch Date  2010-12-08
Obsolete Date  2011-10-11
ISIN  US25459W1852
Manager 1 Name  Paul Brigandi
Fund Strategy  Industrials
Benchmark  NYSE Arca Airline
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2011-08-31
Return - 1 Month  -6.23%
Return - 2 Months  -21.49 %
Return - 3 Months  -22.78%
Return - 6 Months  -22.78 %
Return - 9 months  0.00 %
Return - 12 Months  0.00%
Annualized return 24 months  0.00 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  -29.77%
Return YTD  -28.68%

Charges

Initial  0.00 %
Maximum Managment Charge  0.35 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Direxion Funds
Contact Address 2  33 Whitehall St., 10th Floor
Contact city  New York
Contact country  United States
Fund Admin Group  Direxion Funds
Web Address  www.direxionfunds.com

Price

Last Price Date  2011-10-11
Pre-tax nav  25.56
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.00
Price change (percentage)  0.00 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
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Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

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