EX-99.H.VII.B 3 d732242dex99hviib.htm EX-99.H.VII.B EX-99.H.VII.B

Exhibit (h)(vii)(B)

APPENDIX A

Operating Expense Limitation Agreement

Direxion Shares ETF Trust

 

    

FUND

   

TOTAL
ANNUAL FUND
OPERATING
EXPENSE LIMIT

   

TERMINATION DATE

   

FUND STATUS

1.    Direxion Daily Total Market Bull 3X Shares    0.95%    September 1, 2015    Not Open
2.    Direxion Daily Total Market Bear 3X Shares    0.95%    September 1, 2015    Not Open
3.    Direxion Daily S&P 500® Bull 3X Shares    0.95%    September 1, 2015    Open
4.    Direxion Daily S&P 500® Bear 3X Shares    0.95%    September 1, 2015    Open
5.    Direxion Daily Mid Cap Bull 3X Shares    0.95%    September 1, 2015    Open
6.    Direxion Daily Mid Cap Bear 3X Shares    0.95%    September 1, 2015    Open
7.    Direxion Daily Small Cap Bull 3X Shares    0.95%    September 1, 2015    Open
8.    Direxion Daily Small Cap Bear 3X Shares    0.95%    September 1, 2015    Open
9.    Direxion Daily Developed Markets Bull 3X Shares    0.95%    September 1, 2015    Open
10.    Direxion Daily Developed Markets Bear 3X Shares    0.95%    September 1, 2015    Open
11.    Direxion Daily Emerging Markets Bull 3X Shares    0.95%    September 1, 2015    Open
12.    Direxion Daily Emerging Markets Bear 3X Shares    0.95%    September 1, 2015    Open
13.    Direxion Daily FTSE China Bull 3X Shares    0.95%    September 1, 2015    Open
14.    Direxion Daily FTSE China Bear 3X Shares    0.95%    September 1, 2015    Open
15.    Direxion Daily India Bull 3X Shares    0.95%    September 1, 2015    Open
16.    Direxion Daily Latin America Bull 3X Shares    0.95%    September 1, 2015    Open
17.    Direxion Daily Clean Energy Bull 3X Shares    0.95%    September 1, 2015    Not Open
18.    Direxion Daily Clean Energy Bear 3X Shares    0.95%    September 1, 2015    Not Open
19.    Direxion Daily Energy Bull 3X Shares    0.95%    September 1, 2015    Open
20.    Direxion Daily Energy Bear 3X Shares    0.95%    September 1, 2015    Open

 

A-1

    

FUND

   

TOTAL
ANNUAL FUND
OPERATING
EXPENSE LIMIT

   

TERMINATION DATE

   

FUND STATUS

21.    Direxion Daily Energy Bull 2X Shares    0.95%    September 1, 2015    Not Open
22.    Direxion Daily Energy Bear 2X Shares    0.95%    September 1, 2015    Not Open
23.    Direxion Daily Financial Bull 3X Shares    0.95%    September 1, 2015    Open
24.    Direxion Daily Financial Bear 3X Shares    0.95%    September 1, 2015    Open
25.    Direxion Daily Technology Bull 3X Shares    0.95%    September 1, 2015    Open
26.    Direxion Daily Technology Bear 3X Shares    0.95%    September 1, 2015    Open
27.    Direxion Daily Real Estate Bull 3X Shares    0.95%    September 1, 2015    Open
28.    Direxion Daily Real Estate Bear 3X Shares    0.95%    September 1, 2015    Open
29.    Direxion Daily 7-10 Year Treasury Bull 3X Shares    0.95%    September 1, 2015    Open
30.    Direxion Daily 7-10 Year Treasury Bear 3X Shares    0.95%    September 1, 2015    Open
31.    Direxion Daily 20+Year Treasury Bull 3X Shares    0.95%    September 1, 2015    Open
32.    Direxion Daily 20+Year Treasury Bear 3X Shares    0.95%    September 1, 2015    Open
33.    Direxion Daily Basic Materials Bear 3X Shares    0.95%    September 1, 2015    Open
34.    Direxion Daily Brazil Bull 3X Shares    0.95%    September 1, 2015    Open
35.    Direxion Daily Brazil Bear 3X Shares    0.95%    September 1, 2015    Open
36.    Direxion Daily Canada Bull 3X Shares    0.95%    September 1, 2015    Not Open
37.    Direxion Daily Canada Bear 3X Shares    0.95%    September 1, 2015    Not Open
38.    Direxion Daily Gold Miners Bull 3X Shares    0.95%    September 1, 2015    Open
39.    Direxion Daily Gold Miners Bear 3X Shares    0.95%    September 1, 2015    Open
40.    Direxion Daily Gold Miners Bull 2X Shares    0.95%    September 1, 2015    Not Open
41.    Direxion Daily Gold Miners Bear 2X Shares    0.95%    September 1, 2015    Not Open
42.    Direxion Daily Healthcare Bull 3X Shares    0.95%    September 1, 2015    Open
43.    Direxion Daily Indonesia Bull 3X Shares    0.95%    September 1, 2015    Not Open

 

A-2

    

FUND

   

TOTAL
ANNUAL FUND
OPERATING
EXPENSE LIMIT

   

TERMINATION DATE

   

FUND STATUS

44.    Direxion Daily Indonesia Bear 3X Shares    0.95%    September 1, 2015    Not Open
45.    Direxion Daily Malaysia Bull 3X Shares    0.95%    September 1, 2015    Not Open
46.    Direxion Daily Malaysia Bear 3X Shares    0.95%    September 1, 2015    Not Open
47.    Direxion Daily Natural Gas Related Bull 3X Shares    0.95%    September 1, 2015    Open
48.    Direxion Daily Natural Gas Related Bear 3X Shares    0.95%    September 1, 2015    Open
49.    Direxion Daily Regional Banks Bull 3X Shares    0.95%    September 1, 2015    Not Open
50.    Direxion Daily Regional Banks Bear 3X Shares    0.95%    September 1, 2015    Not Open
51.    Direxion Daily Retail Bull 3X Shares    0.95%    September 1, 2015    Open
52.    Direxion Daily Russia Bull 3X Shares    0.95%    September 1, 2015    Open
53.    Direxion Daily Russia Bear 3X Shares    0.95%    September 1, 2015    Open
54.    Direxion Daily S&P 500® Cap Bull 2X Shares    0.60%    September 1, 2015    Not Open
55.    Direxion Daily S&P 500® Cap Bear 2X Shares    0.60%    September 1, 2015    Not Open
56.    Direxion Daily Semiconductor Bull 3X Shares    0.95%    September 1, 2015    Open
57.    Direxion Daily Semiconductor Bear 3X Shares    0.95%    September 1, 2015    Open
58.    Direxion Daily South Korea Bull 3X Shares    0.95%    September 1, 2015    Open
59.    Direxion Daily South Korea Bear 3X Shares    0.95%    September 1, 2015    Open
60.    Direxion Daily Taiwan Bull 3X Shares    0.95%    September 1, 2015    Not Open
61.    Direxion Daily Taiwan Bear 3X Shares    0.95%    September 1, 2015    Not Open
62.    Direxion Daily Thailand Bull 3X Shares    0.95%    September 1, 2015    Not Open
63.    Direxion Daily Thailand Bear 3X Shares    0.95%    September 1, 2015    Not Open
64.    Direxion Daily TIPs Bull 3X Shares    0.95%    September 1, 2015    Not Open
65.    Direxion Daily TIPs Bear 3X Shares    0.95%    September 1, 2015    Not Open
66.    Direxion Daily Total Bond Market Bull 3X Shares    0.95%    September 1, 2015    Not Open

 

A-3

    

FUND

   

TOTAL
ANNUAL FUND
OPERATING
EXPENSE LIMIT

   

TERMINATION DATE

   

FUND STATUS

67.    Direxion Daily Corporate Bond Bull 3X Shares    0.95%    September 1, 2015    Not Open
68.    Direxion Daily Corporate Bond Bear 3X Shares    0.95%    September 1, 2015    Not Open
69.    Direxion Daily High Yield Bond Bull 3X Shares    0.95%    September 1, 2015    Not Open
70.    Direxion Daily High Yield Bond Bear 1X Shares    0.65%    September 1, 2015    Not Open
71.    Direxion Daily Municipal Bond Taxable Bull 3X Shares    0.95%    September 1, 2015    Not Open
72.    Direxion Daily Corporate Bond Bear 1X Shares    0.65%    September 1, 2015    Not Open
73.    Direxion Daily 7-10 Year Treasury Bear 1X Shares    0.65%    September 1, 2015    Open
74.    Direxion Daily 20+Year Treasury Bear 1X Shares    0.65%    September 1, 2015    Open
75.    Direxion Daily Total Bond Market Bear 1X Shares    0.65%    September 1, 2015    Open
76.    Direxion Daily Small Cap Bear 1X Shares    0.65%    September 1, 2015    Not Open
77.    Direxion Daily Total Market Bear 1X Shares    0.65%    September 1, 2015    Open
78.    Direxion Daily Emerging Markets Bear 1X Shares    0.65%    September 1, 2015    Not Open
79.    Direxion Daily Developed Markets Bear 1X Shares    0.65%    September 1, 2015    Not Open
80.    Direxion Daily Dow 30® Bear 1X Shares    0.65%    September 1, 2015    Not Open
81.    Direxion Daily Large Cap Bear 1X Shares    0.65%    September 1, 2015    Not Open
82.    Direxion Daily Municipal Bond Taxable Bear 1X Shares    0.65%    September 1, 2015    Not Open
83.    Direxion Daily Financial Bull 1X Shares    0.65%    September 1, 2015    Not Open
84.    Direxion Daily Technology Bear 1X Shares    0.65%    September 1, 2015    Not Open
85.    Direxion Daily Junior Gold Miners Bull 3X Shares    0.95%    September 1, 2015    Open
86.    Direxion Daily Junior Gold Miners Bear 3X Shares    0.95%    September 1, 2015    Open
87.    Direxion Daily Silver Miners Bull 3X Shares    0.95%    September 1, 2015    Not Open
88.    Direxion Daily Silver Miners Bear 3X Shares    0.95%    September 1, 2015    Not Open

 

A-4

    

FUND

   

TOTAL
ANNUAL FUND
OPERATING
EXPENSE LIMIT

   

TERMINATION DATE

   

FUND STATUS

89.    Direxion Daily Turkey Bull 3X Shares    0.95%    September 1, 2015    Not Open
90.    Direxion Daily Turkey Bear 3X Shares    0.95%    September 1, 2015    Not Open
91.    Direxion Daily FTSE Europe Bull 3X Shares    0.95%    September 1, 2015    Open
92.    Direxion Daily FTSE Europe Bear 3X Shares    0.95%    September 1, 2015    Open
93.    Direxion NASDAQ-100® Equal Weighted Index Shares    0.35%    September 1, 2015    Open
94.    Direxion All Cap Insider Sentiment Shares    0.65%    September 1, 2015    Open
95.    Direxion S&P 500® Index Volatility Response Shares    0.45%    September 1, 2015    Open
96.    Direxion Daily Japan Bull 3X Shares    0.95%    September 1, 2015    Open
97.    Direxion Daily Japan Bear 3X Shares    0.95%    September 1, 2015    Open
98.    Direxion Daily Mexico Bull 3X Shares    0.95%    September 1, 2015    Not Open
99.    Direxion Daily Mexico Bear 3X Shares    0.95%    September 1, 2015    Not Open
100.    Direxion Daily China A Share Bull 3X Shares    0.95%    September 1, 2015    Not Open
101.    Direxion Daily China Energy Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
102.    Direxion Daily China Materials Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
103.    Direxion Daily China Industrials Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
104.    Direxion Daily China Consumer Discretionary Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
105.    Direxion Daily China Consumer Staples Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
106.    Direxion Daily China Health Care Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
107.    Direxion Daily China Financials Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
108.    Direxion Daily China Information Technology Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
109.    Direxion Daily China Telecommunication Services Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
110.    Direxion Daily China Utilities Bull 1.25X Shares    0.95%    September 1, 2015    Not Open

 

A-5

    

FUND

   

TOTAL
ANNUAL FUND
OPERATING
EXPENSE LIMIT

   

TERMINATION DATE

   

FUND STATUS

111.    Direxion Daily China A Share Bull 1.25X Shares    0.95%    September 1, 2015    Not Open
112.    Direxion Daily CSI 300 China A Share Bull 2X Shares    0.95%    September 1, 2015    Not Open
113.    Direxion Zacks MLP High Income Shares    0.65%    September 1, 2015    Open
114.    Direxion Daily MSCI European Financial Bull 3X Shares    0.95%    September 1, 2015    Not Open
115.    Direxion Daily MSCI European Financial Bear 3X Shares    0.95%    September 1, 2015    Not Open
116.    Direxion Daily Homebuilders Bull 3X Shares    0.95%    September 1, 2015    Not Open
117.    Direxion Daily Homebuilders Bear 3X Shares    0.95%    September 1, 2015    Not Open
118.    Direxion Daily Homebuilders Bull 2X Shares    0.95%    September 1, 2015    Not Open
119.    Direxion Daily Homebuilders Bear 2X Shares    0.95%    September 1, 2015    Not Open
120.    Direxion Daily European Emerging Market Debt Bull 3X Shares    0.95%    September 1, 2015    Not Open
121.    Direxion Daily European Emerging Market Debt Bear 3X Shares    0.95%    September 1, 2015    Not Open
122.    Direxion Daily Euro STOXX 50 Bull 3X Shares    0.95%    September 1, 2015    Not Open
123.    Direxion Daily Euro STOXX 50 Bear 3X Shares    0.95%    September 1, 2015    Not Open
124.    Direxion Daily MSCI Frontier Markets 100 Bull 2X Shares    0.95%    September 1, 2015    Not Open
125.    Direxion Daily MSCI Frontier Markets 100 Bear 2X Shares    0.95%    September 1, 2015    Not Open
126.    Direxion Daily Mid Cap Bull 2X Shares    0.60%    September 1, 2015    Not Open
127.    Direxion Daily Mid Cap Bear 2X Shares    0. 60%    September 1, 2015    Not Open
128.    Direxion Daily Small Cap Bull 2X Shares    0. 60%    September 1, 2015    Not Open
129.    Direxion Daily Small Cap Bear 2X Shares    0. 60%    September 1, 2015    Not Open
130.    Direxion Daily 7-10 Year Treasury Bull 2X Shares    0. 60%    September 1, 2015    Not Open
131.    Direxion Daily 7-10 Year Treasury Bear 2X Shares    0. 60%    September 1, 2015    Not Open
132.    Direxion Daily 20+ Year Treasury Bull 2X Shares    0. 60%    September 1, 2015    Not Open
133.    Direxion Daily 20+ Year Treasury Bear 2X Shares    0. 60%    September 1, 2015    Not Open

 

A-6

    

FUND

   

TOTAL
ANNUAL FUND
OPERATING
EXPENSE LIMIT

   

TERMINATION DATE

   

FUND STATUS

134.    Direxion Daily NASDAQ-100® Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
135.    Direxion Daily Russell 1000® Growth Index Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
136.    Direxion Daily Russell 1000® Value Index Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
137.    Direxion Daily S&P 500® Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
138.    Direxion Daily Mid Cap Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
139.    Direxion Daily Small Cap Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
140.    Direxion Daily Total Stock Market Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
141.    Direxion Daily FTSE Developed Markets Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
142.    Direxion Daily FTSE Emerging Markets Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
143.    Direxion Daily 7-10 Year Treasury Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
144.    Direxion Daily 20+ Year Treasury Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
145.    Direxion Daily Total Bond Market Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
146.    Direxion Daily Corporate Bond Bull 1.25X Shares    0.45%    September 1, 2015    Not Open
147.    Direxion iBillionaire Index ETF    0.65%    September 1, 2015    Not Open
148.    Direxion BNP VIX Strategy Shares    0.60%    September 1, 2015    Not Open
149.    Direxion Dynamic Commodity Strategy Shares    0.80%    September 1, 2015    Not Open
150.    Direxion Gold Low Volatility Strategy Shares    0.95%    September 1, 2015    Not Open

Last Updated: May 8, 2014

 

A-7