Direxion High Yield Bear Inv
33 Whitehall St., 10th Floor
Map
Phone: 800-851-0511
| Category: | Bear Market | | Fund Family: | Direxionfunds | | Net Assets: | 30.56M | | Year-to-Date Return: | 5.01% | | Yield: | 4.19% | | Morningstar Rating: | N/A | | Fund Inception Date: | 20-Sep-05 |
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Loren L Norton
Lead Manager since
01-Jul-06 | | | Norton is a Vice President and Portfolio Manager at Rafferty and serves as its chief high yield strategist. He has 8 years of experience in the fixed income markets.Prior to joining Rafferty in May 2006,Norton was a Vice President and Credit Derivatives Trader at Credit Suisse from 2003 to 2005. He also was an Associate and Credit Derivatives Trader at Morgan Stanley from 2001 to 2002. |
| Min Initial Investment: | $25,000 | | Min Initial Investment, IRA: | $25,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $500 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks to profit from a decline in the value of lower-quality debt instruments. The fund normally invests at least 80% of net assets in high yield debt instruments, or derivatives of such instruments. The adviser will generally create short positions for the fund. It may invest up to 15% of assets in instruments generally rated below Caa by Moody's or CCC by S&P or derivatives of such instruments and may invest in cash or cash equivalents for temporary defensive. The fund is nondiversified. |
| Last Dividend
(12-Jun-08):
| 0.28 | | Last Cap Gain
(12-Jun-08):
| 0.28 | | Annual Holdings Turnover
| .00% | | Average for Category:
| 333.98% |
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| Expense | PHBRX | Category
Avg | | Total Expense Ratio: | 1.72%
| 1.98% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.80% | | Max Deferred Sales Load: | 0.00%
| 1.23% | | 3 Yr Expense Projection*: |
$994 | $805 | | 5 Yr Expense Projection*: |
$1,678 | $1,335 | | 10 Yr Expense Projection*: |
$3,502 | $2,735 |
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1.49% Nasdaq 
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