Direxion Launches Two Monthly 1.25X Leveraged Mutual Funds

NEW YORK, March 31, 2016 /PRNewswire/ -- Direxion announced today that it has added two funds to its existing Lightly Leveraged Mutual Fund lineup.

The Direxion Monthly NASDAQ-100^® Bull 1.25X Fund (Ticker: DXNLX) seeks monthly investment results, before fees and expenses, of 125% of the performance of the NASDAQ-100^® Index. The Direxion Monthly NASDAQ-100^® Bear 1.25X Fund (Ticker: DXNSX) seeks monthly investment results, before fees and expenses, of 125% of the inverse of the performance of the NASDAQ-100^® Index.

"We continue to seek ways for investors to gain exposure to different indexes and asset classes that allow them to utilize various leverage points," said Ed Egilinsky, Managing Director at Direxion. "Along with our 1.25X Leveraged ETFs and Monthly High Yield Bull 1.2X Fund, these new Funds are part of a growing suite of lightly leveraged solutions that allow investors to gain magnified market exposure, while minimizing the risk of compounding."

Like all leveraged products, these Funds are intended only for traders with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the Funds will meet their objectives.

The NASDAQ-100^® Index is a capitalization weighted index composed of 100 of the largest non-financial domestic and international companies listed on the National Market tier of the NASDAQ National Market. All companies listed on the index have an average daily trading volume of at least 200,000 shares. The NASDAQ-100 Funds are not sponsored, endorsed, sold, or promoted by the NASDAQ National Market and the NASDAQ National Market makes no representations regarding the advisability of investing in the Fund.

About Direxion

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $9.2 billion in assets under management as of December 31, 2015. Direxion's diverse suite of products helps investors navigate today's ever-changing markets. For more information, please visit www.direxioninvestments.com.

There is no guarantee that the funds will achieve their objectives.

For more information on all Direxion Monthly Leveraged Mutual Funds, go to direxioninvestments.com, or call us at 866-476-7523.

The Funds are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking monthly leveraged investment results, and intend to actively monitor and manage their investments. Due to the monthly nature of the leverage employed, there is no guarantee of amplified long-term returns. Past performance is not indicative of future results.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion Funds carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion Funds. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

* Rafferty Asset Management, LLC ("Rafferty" or "Adviser") has entered into an Operating Services Agreement with the Fund. Under this Operating Service Agreement, Rafferty has contractually agreed to pay all expenses of the Fund through September 1, 2017 other than the following:  management fees, Rule 12b-1distribution and/or service fees, acquired fund fees and expenses ("AFFE Fees"), taxes, swap financing and related costs, dividends or interest on short positions, other interest expenses, brokerage commissions, or other expenses outside the typical day-to-day operations of the Fund.  If these expense were included, the expense ratio would be higher.

Risks:

An investment in the Funds involve risk, including the possible loss of principal. The use of leverage by the Funds increases the risk to the Funds.  The Funds are non-diversified and include risks associated with concentration risk which results from the Funds' investments in a particular industry or sector and can increase volatility over time. Active and frequent trading associated with a regular rebalance of the fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles. For other risks including correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Rafferty Capital Markets LLC.

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