Direxion Spectrum Select Alternative Svc
33 Whitehall St., 10th Floor
Map
Phone: 800-851-0511
| Category: | Conservative Allocation | | Fund Family: | Direxionfunds | | Net Assets: | 24.98M | | Year-to-Date Return: | -7.23% | | Yield: | 2.35% | | Morningstar Rating: |  | | Fund Inception Date: | 01-Sep-04 |
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Ralph J. Doudera
Lead Manager since
01-Sep-04 | | | Doudera, CEO of Spectrum Financial he founded in 1986, serves as portfolio manager through a non-profit sub-advisory company, Hundredfold Advisor, LLC. Prior to founding Spectrum, he began his financial and estate planning career with the CIGNA Corporation where he became a Chartered Life Underwriter and a Chartered Financial Consultant. |
| Min Initial Investment: | $25,000 | | Min Initial Investment, IRA: | $25,000 | | Min Initial Investment, AIP: | $0 | | Min Subsequent Investment: | $1,000 | | Min Subsequent Investment, IRA: | $0 | | Min Subsequent Investment, AIP: | $0 |
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| The investment seeks a moderate total rate of return (income plus capital appreciation) on an annual basis. The fund invests in any combination of equity and fixed-income securities based on market conditions and trends and the Sub-adviser's expectations and assessment of risks. It invests in fixed-income securities without any restriction on maturity or creditworthiness, which could range from government securities to Junk Bonds, which are debt securities rated below investment-grade. The fund is nondiversified. |
| Last Dividend
| N/A | | Last Cap Gain
| N/A | | Annual Holdings Turnover
| 260.00% | | Average for Category:
| 59.69% |
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| Expense | SFHYX | Category
Avg | | Total Expense Ratio: | 2.44%
| 0.98% | | Max 12b1 Fee: | 1.00%
| N/A | | Max Front End Sales Load: | 0.00%
| 4.96% | | Max Deferred Sales Load: | 0.00%
| 2.79% | | 3 Yr Expense Projection*: |
$1,051 | $706 | | 5 Yr Expense Projection*: |
$1,779 | $1,090 | | 10 Yr Expense Projection*: |
$3,703 | $2,110 |
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1.49% Nasdaq 
0.27%
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