EX-99.(D)(I)(B) 2 advisory.htm AMENDMENT TO INVESTMENT ADVISORY AGREEMENT advisory.htm
Schedule A
to the Investment Advisory Agreement
between the Direxion Funds and Rafferty Asset Management, LLC

Pursuant to section 1 of the Investment Advisory Agreement (the “Agreement”) between Direxion Funds (the “Trust”) and Rafferty Asset Management, LLC (“Rafferty”), the Trust hereby appoints Rafferty to manage the investment and reinvestment of the Funds of the Trust listed below.  As compensation for such services, the Trust shall pay to Rafferty pursuant to section 7 of the Agreement a fee, computed daily and paid monthly, at the following annual rates as percentages of each Fund’s average daily net assets:



 
Advisory Fee as a % of
  
 
Average Daily Net
  
Funds of the Trust
Assets Under Management
  
     
For each Fund listed below:
0.75%
  
     
Direxion Monthly S&P 500 Bull 2X Fund
    
Direxion Monthly S&P 500 Bear 2X Fund
    
Direxion Monthly Nasdaq-100 Bull 2X Fund
    
Direxion Monthly Nasdaq-100 Bear 2X Fund
    
Direxion Monthly Small Cap Bull 2X Fund
    
Direxion Monthly Small Cap Bear 2X Fund
    
Direxion Monthly Dollar Bull 2X Fund
    
Direxion Monthly Dollar Bear 2X Fund
    
Direxion Monthly Emerging Markets Bull 2X Fund
    
Direxion Monthly Emerging Markets Bear 2X Fund
    
Direxion Monthly Developed Markets Bull 2X Fund
    
Direxion Monthly Developed Markets Bear 2X Fund
    
Direxion Monthly Latin America Bull 2X Fund
    
Direxion Monthly China Bull 2X Fund
    
Direxion Monthly Commodity Bull 2X Fund
    
Direxion Monthly 10-Year Note Bull 2X Fund
    
Direxion Monthly 10-Year Note Bear 2X Fund
    
Dynamic HY Bond Fund
    
HY Bear Fund
    
Direxion/Wilshire Dynamic Fund
    
 
 
 
 
 
 
For each Fund listed below:
1.00%
  
     
Commodity Trends Strategy Fund
    
Financial Trends Strategy Fund
    
Evolution Managed Bond Fund
    
Evolution All-Cap Equity Fund
    
Evolution Market Leaders Fund
    
Evolution Alternative Strategy Fund
    
HCM Freedom Fund
    
Spectrum Select Alternative Fund
    
Spectrum Global Perspective Fund
    
Spectrum Equity Opportunity Fund
    
     
For each Fund listed below:
1.15%
  
     
PSI Core Strength Fund
    
PSI Macro Trends Fund
    
PSI Total Return Fund
    
     
For the U.S. Government Money Market Fund
0.50%
  


Dated:  September 22, 1997, as last amended on August 26, 2009