MAPS Multi-strategy Allocation Portfolio(s)

1. MAPSMulti-strategy Allocation Portfolio(s) The Next Revolution in Active Management

2. What’s The Direction For The Markets For The Next Decade? You have a GPS to get you from here to there; Who’s providing guidance for your investments?

4. Meet Jerry Wagner • Jerry C. Wagner, JD has been President, Director and sole shareholder of Flexible Plan Investments, Ltd. since its formation in February 1981. • Designing methodologies and management of personal investment portfolios since 1969. • Ran one of the first hedge funds in the early 70’s • A founding member, has served as Director, Chairman, President, and Vice President of the National Association of Active Investment Managers (NAAIM). • Flexible Plan Investments, Ltd., is a Michigan corporation registered as an Investment Advisor with the SEC.

5. Flexible Plan Investments, Ltd. Firm Highlights • Founded February 1, 1981 • Over $1 billion assets under management* • 50+ employees • 500+ B/D or RIA contracts • Have managed: • Over 20,000 clients • Over 1,000 retirement plans • Client Communications include: • OnTarget Monitoring • Quarterly Client Newsletter • Weekly Hotline • Daily web access * Approximate Value as of April30, 2011. FPI and subsidiary. www.flexibleplan.com

6. Who We Are • Research-driven • PhD led research department with over 65 combined years of professional experience in market analysis • Compliance-focused • Over 100 years combined legal experience with 3 attorneys on staff • Separate Compliance Officer • Service-oriented • 14 external Regional Sales Managers • 6 person internal advisor support team • Client Services call center • Interactive website

8. Multi-Strategy Allocation is Simple With MAPSMulti-strategy Allocation Portfolios 6 Model Portfolios designed for a client’s indicated risk tolerance & time horizon MAPS Aggressive MAPS Growth MAPS Balanced MAPS Moderate MAPS Conservative MAPS Enhanced Income (5% Annual Distribution)

9. MAPS Profiles Strategy Matrix

10. When You Can Have MAPS Portfolios for any Market? Why Utilize Only One Strategy in a Changing Market…

11. Universe of Strategies Momentum Strategies Specialty Strategies Lifetime Evolution (12 Profiles) X 2 variations Dynamic Fund Profiles (5 profiles) Market Leaders Strategic (5 Profiles) X 2 (4 FPI sub-advised mutual funds Next Generation Asset Allocation (5 Profiles ) using ETF’s, open and closed-end Faith Focused Investing (5 Profiles) funds and stock baskets) Global Maturities Select Alternatives - 2 variations Evolution II Bear Necessities A Better Buy & Hold Best Tech Managed Income – 2 variations For A Better World Global Select But There Is No Holy Grail! Tactical Strategies Self-Adjusting Trend Following Market Leaders Tactical (5 Profiles) X 2 Managed Income Aggressive Systematic Advantage Political Seasonality Market Leaders Dynamic (5 Profiles) Classic

12. Selects From Over 70 Actively Managed Proprietary Strategies Each Portfolio holds at least 5 actively managed strategies. Portfolios are Fully Discretionary, Quantitative, Non-subjective and ACTIVE. Designed to deliver “DEFENSE” in Falling Markets & “OFFENSE” in Rising Markets. Independent Custodian is Trust Company of America (TCA).

13. MAPS Utilizes a Blend of Strategies • This quarter they include*: • Global Maturities • Global Select • Managed Income • Managed Income Aggressive • Market Leaders Dynamic • Market Leaders Strategic • Market Leaders Tactical – 100% EMF • Select Alternatives • Select Alternatives 100% EMF • Self-Adjusting Trend Following • *Current Strategies chosen for various MAPS portfolios as of 2/1/11

14. A MAPS portfolio is drawn from scores of active strategies to create the best combination for your risk profile. What’s The Direction For The Markets For The Next Decade?

15. Flexible Plan Investments Research Report (2003 – May 2011) MAPS - Multi-strategy Allocation Portfolio(s) The above information does not reflect actual portfolios because the component strategies may change quarterly or when market conditions, in Flexible Plan’s opinion, warrant a change. These results are derived from the historical hypothetical research reports ofthe component strategies in each of the MAPS model portfolios as constituted on February 1, 2011. Returns shown are net of a 2.2% management fee. Index returns are calculated using weekly Friday to Friday data unless Friday is a holiday in which case Thursday data is used. A Maximum Establishment Fee of 1.2% has been deducted at inception.

16. Flexible Plan Investments MAPS Research Report (2003 – May 2011) The above information does not reflect actual portfolios because the component strategies may change quarterly or when market conditions, in Flexible Plan’s opinion, warrant a change. These results are derived from the historical hypothetical research reports ofthe component strategies in each of the MAPS model portfolios as constituted on February 1, 2011. Returns shown are net of a 2.2% management fee. Index returns are calculated using weekly Friday to Friday data unless Friday is a holiday in which case Thursday data is used. A Maximum Establishment Fee of 1.2% has been deducted at inception.

17. Flexible Plan Investments Research Report (2003 – May 2011) MAPS - Multi-strategy Allocation Portfolio(s) Hypothetical$100,000 Initial Investment Grows To: The above information does not reflect actual portfolios because the component strategies may change quarterly or when market conditions, in Flexible Plan’s opinion, warrant a change. These results are derived from the historical hypothetical research reports ofthe component strategies in each of the MAPS model portfolios as constituted on February 1, 2011. Returns shown are net of a 2.2% management fee. Index returns are calculated using weekly Friday to Friday data unless Friday is a holiday in which case Thursday datais used. A Maximum Establishment Fee of 1.2% has been deducted at inception.

18. Each of the over 70 different strategies available for MAPS is actively managed, follows a rules-based discipline and has its own set of offensive and defensive tools: MAPS Portfolios are Designed to Deliver “Defensive” and “Offensive” Strategies • Rotating toward strength and avoiding weak assets • Stop loss limits • Tactical market indicators • Bonds, stock and alternatives diversification • Hedging against increased volatility • Shifting to cash or inverse funds during market meltdowns • Strategic diversification

19. Each MAPS Profile Seeks to Cap Its Maximum Loss With strategic diversification, non-correlation of strategies can provide a safety cushion to reaching that goal.

20. Rate Table for Flexible Plan Fees* First $500,000 1.00% $500,001 - $999,999 .75% $1,000,000 and above .50% B/D Fee – You Choose Flat Fee 0% - 1.6% * MAPS clients receive a 15-30 bp fee credit with no reduction in B/D Fee. Custodial Fees may be proportionately borne by both parties. FPI Fee Schedule for MAPS

21. Example Client Fee for MAPS FPI Fee 1.00% B/D Fee 1.40% Gross Fee to Client 2.40% MAPS Fee Credit <.20%> Net Fee to Client 2.20% B/D Fee Remains 1.40% * MAPS clients receive a 15-30 bp fee credit with no reduction in B/D Fee. Custodial Fees may be proportionately borne by both parties.

22. Maximum Establishment Fee per Account* 1.2% FPI Retains .2% B/D Receives: 1.0% Flexible Plan bills accounts in arrears (after commencement of management). Therefore, if the account earns more, we all make more. Conversely, if the account earns less, we are paid less. The establishment fee allows Reps to be paid up-front because payment of advisory fees and subsequent solicitation fees may take several months before becoming fully realized. *Establishment fees collected each month are paid out every month to B/D Establishment Fee

23. The Flexible Fee Advantage You make more up-front with our Establishment Fee than an advance fee. Thereafter you make more, too, as we cap our fee rather than split yours. Clients benefit because our quarterly fees are in arrears. Fee credits lower our fees by up to 75 bps to the client with no affect on your fees.

24. Flexible Plan Has Three Routes To A MAPS-TypeStrategic Diversification Solution Based On Investable Assets. Account Size $5,000 and higherDynamic Fund Profiles -Includes: Patent pending software from Morningstar/Ibbotson; 5 suitability-based portfolios exclusively uses the Evolution Managed Funds for maximum fee reduction; and invests in ETF’s, stock baskets and funds. With a 75 bps fund credit that lowers the client fee to just 1.25% and you still make 1.0% (Small Accounts are capped at a 2% annual fee before credits) $25,000 and higherMAPS - 6 Suitability-Driven Model Portfolios $100,000 and higherStrategic Allocation Service - Designed for our Premier Accounts Flexible Plan selects the strategies suitable for your risk profile and investment time horizon, monitors their performance and reselects and reallocates as deemed necessary to meet your OnTarget goals.

25. Dynamic Fund Profiles MAPS is not available because a minimum of $25,000 is required to implement five separate strategies For Smaller accounts (starting at just $5,000) FPI has developed a “Mini”-MAPS program: Dynamic Fund Profiles - Blends four strategies; - Invested primarily in Exchange Traded Funds - 5 suitability profiles - Allocated by Morningstar-Ibbotson software - Exclusively utilizes 4 Direxion Evolution funds sub-advised by FPI Online Investment Management Agreement (IMA) Only Client email address required: Mandatory electronic delivery of all communications Initial Small Account Set-Up Fee: 3% of Account Value or $350 Maximum Thereafter, annual charge of approximately 1.25% after fund credits No Establishment Fee Allowed

26. Premier Service for Accounts Over $100,000 Must maintain minimum value of a single $100,000 account (net of client additions and withdrawals) Aggregation of all Household Accounts for FPI Fee Breakpoints Set-Up Fees Waived for Small Accounts within a Single Household Availability of Strategic Allocation Service

27. How Does Strategic Allocation Service Differ From MAPS? • Multi-strategy Allocation Portfolios (MAPS) • Requires an account > $25,000 • Uses 5 different strategies • Only Uses Risk Profile and Time Horizon to determine client’s suitability • Supports 6 different combinations • Limited Fund Credits available • Less Diversified – larger allocations to each strategy are possible • Larger Drawdown is possible • Up to 1.2% up-front Establishment Fee available • Up to 1.6% of AUM payout to reps Strategic Allocation Service (SAS) • Requires an account > $100,000 • Uses up to 8 different strategies • Uses Risk Profile, Time Horizon and specific question responses in determining suitability • Supports 18 different suitability profiles and strategy combinations • Limited Fund Credits available • More Diversified – smaller allocations to any one strategy • Smaller Drawdown is possible • Up to 1.2% up-front Establishment Fee available • Up to 1.6% of AUM payout to reps

28. MAPS-Type Strategic Diversification is Easier With Our Premier Service • Clients With An Account Over $100,000 • Account Set-up Fee Waived For Small Accounts • Paper Delivery Fee Waived • Aggregation For Fee Purposes • Strategic Allocation Service At No Additional Cost • We Pick The Strategies For You • We Monitor Their Success • We Automatically Reallocate to the Best Performing Strategies

29. MAPS Brochure

30. Dedicated Website

31. Three Ways To Illustrate The Power Of MAPS Research ReportIllustration GeneratorMAPS Proposal

32. And It’s Easy to Monitor MAPS’ Performance Date Range Model Performance ReportMonthly Model Performance Report

33. Daily Account Balances for Advisors on www.FlexiblePlan.com www.flexibleplan.com/advisor/acctbal.aspx

34. Example of Client Account Holdings Each Client Has Access to the Same Information on Their Own Account at www.OnTargetInvesting.com

35. Doing Business is Easy Fax us A recent client statement & A one-page client suitability questionnaire We will send you A personalized client proposal The appropriate MAPS Research Report

37. Disclosures This contained herein are provided for information purposes only and should not be used or construed as an indicator of future performance, an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Flexible Plan Investments, Ltd. cannot guarantee the suitability or potential value of any particular investment. Advisor provides suitability based profiles designated Enhanced Income, Conservative, Moderate, Balanced, Growth and Aggressive. Clients should draw no conclusions from such titles. Rather they are simply a way of designating the hierarchical ranking of the MAPS portfolios within the MAPS program. They are not meant to imply any ranking within some universal risk measure or benchmark, nor are they equivalent to a client’s subjective concept of the term. The Research results provided are HYPOTHETICAL. The performance results depicted have been produced by application of selected mathematical calculation criteria to historical price data. Annual returns are compounded weekly and are inclusive of the last full trading week of the year, but may not necessarily include the last trading day of the year. Index returns are calculated using weekly Friday to Friday data unless Friday is a holiday, in which case Thursday data is used.Research results are NOT represented as actual trading or client experience nor do they reflect the impact on decision making of economic or market factors experienced during actual management of funds. Performance between selected dates may be misleading as indicative of overall performance of a strategy since the dates chosen by the operator of the program are susceptible of having been selected to present optimum performance. The maximum investment advisory fee is 2.6% yearly, dependent upon assets under management, and is deducted quarterly. Expenses of the funds or sub-accounts are included to the extent they are reflected in the NAV. Other fees may apply. All expenses are required to be disclosed in each investment’s prospectus available from your financial representative and the product provider. Distributions have been reinvested. When provided, dividends are reinvested for indexes. In those cases where indexes do not provide dividend information, those returns would be understated. And, as with all third parties, Flexible Plan by necessity relies on their information, data, and software provided, but whose reliability, while believed to be accurate, cannot be guaranteed and losses may result from reliance upon them. These are normal risks for which Flexible Plan takes no responsibility beyond use of reasonable care in its selection of the third party. As individual tax rates vary, taxes have not been considered. Various minimum-holding periods for each fund may be utilized to comply with trading restrictions. Advisor reserves the right to change these periods. No index is directly tradable. Actual investment performance of any trading strategy may frequently be materially different than the results shown. Some funds used in the model may not be available for future use. As supplemental information, a listing of all assumed trades and other data used to generate the referenced results is available upon requests. Inquiry for more current results is advised. Inherent in any investment is the potential for loss as well as the potential for gain. A list of all recommendations made within the immediately preceding year is available upon written request. The performance data quoted on reverse represents past hypothetical performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate, and investors’ shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. If the MAPS component strategies make use of the Direxion Evolution Funds, since FPI would receive a fee for its sub-adviser activities to these Funds, the client will receive a pro-rata credit on his billing for any amount FPI receives from these funds for the portion held by client. These credits are not reflected in the results shown, causing an understatement of returns where they exist. Rafferty Asset Management, LLC serves as the Funds’ Investment Adviser and Flexible Plan Investments, Ltd. serves as the Funds’ sub-adviser. Read the Direxion Funds Prospectus and Flexible Plan Investments’ Brochure Form ADV Part II Carefully Before Investing. In deciding whether to invest in the Funds described, you should carefully consider the investment objectives, risks and the charges and expenses of the investment company before investing. The Prospectus and Funds’ SAI contain information regarding the above considerations and more. You may obtain a Prospectus and SAI by calling Direxion Funds at (800) 851-0511 or writing Evolution Managed Funds, P.O. Box 1993, Milwaukee, WI 53201-1993 or download the PDF from http://www.flexibleplan.com/files/docs/EVProspectus.pdff. Returns shown are net of a 2.2% management fee. A Maximum Establishment Fee of 1.2% has been deducted at inception. PAST RESEARCH REPORT RESULTS DO NOT GUARANTEE FUTURE RESULTS. See “Risk Considerations” in Brochure Form ADV Part II and Schedule H.