2026-09-01 DIREXION FUNDS 0001040587 false 2025-12-29 N-1A 497 0001040587 2026-09-01 2026-09-01 0001040587 df:S000046967Member df:C000146784Member 2026-09-01 2026-09-01 0001040587 df:S000046967Member df:C000146785Member 2026-09-01 2026-09-01 xbrli:pure iso4217:USD
Direxion funds
Hilton Tactical Income Fund
(the “Fund”)

Supplement dated September 2, 2026 to the
Summary Prospectus and Prospectus, each dated December 29, 2025

Effective immediately, the table under the heading “Shareholder Fees” will be replaced in its entirety as follows:
Shareholder Fees (fees paid directly from your investment)
 
Investor
Class
Institutional
Class
Redemption Fee (as a percentage of amount redeemed on shares redeemed within 30 days of
purchase, if applicable)
1.00%
1.00%
For more information, please contact the Fund at (800) 851-0511.
Please retain this Supplement with your Summary Prospectus and Prospectus.


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