Fund Holdings   Select a fund, then select a date from the calendar to view the fund's holdings for that date. After you select a date, the file for that date will automatically open. (see Note below) Prior to September 8, 2008, the Evolution Market Leaders Fund was named Evolution Small Cap Fund, and the Evolution Alternative Investment Fund was named Evolution Total Return Fund. Go to http://www.direxionfunds.com/evolution for additional information. Fund: Evolution All-Cap Equity Fund - 04/01/2004 Evolution Managed Bond Fund - 04/01/2004 Evolution Market Leaders Fund - 10/17/2008 Evolution Alternative Investment Fund - 10/27/2008   Include list of all held securities   January February March April May June July August September October November December 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Su Mo Tu We Th Fr Sa 29 30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3 4 5 6 7 8 9       Evolution Managed Fund Holdings Rolling Weeks Illustrations   Evolution All Cap Equity Fund - 1/12/2009     General Fund Information   http://www.direxionfunds.com/evolution - 01/12/2007 Basket Descriptions   ADV Part II and Schedule H

Interested? Learn about OnTarget Investing Brochure Take the OnTarget Quiz Evolution Managed Funds Market Hotline Having trouble logging in? Forgot your Password? Don't have a Username or Password?

Note: Many of the documents on our website are in PDF format. In order to view these documents, you will need to download and install Adobe Acrobat Reader if you don't already have it installed. If you have difficulty viewing any PDF document after installing Adobe Acrobat Reader, visit our Technical FAQ.