EX-99.H.VII.B 6 d701856dex99hviib.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

Rafferty Asset Management, LLC has contractually agreed to cap all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2020, to the extent that a Fund’s Total Annual Fund Operating Expenses exceeds a Fund’s daily net assets as listed below.

ACTIVELY MANAGED FUNDS

 

Direxion Auspice Broad Commodity Strategy ETF

    0.70%    

Direxion Bitcoin Shares

    0.95%    

NON-LEVERAGED FUNDS

 

Direxion  NASDAQ-100® Equal Weighted Index Shares

    0.35%    

Direxion All Cap Insider Sentiment Shares

    0.59%    

Direxion Zacks MLP High Income Index Shares

    0.65%    

Direxion Factor Dog ETF

    0.35%    

150/50 FUNDS

 

Direxion Russell 1000® Value Over Growth ETF

    0.45%    

Direxion Russell 1000® Growth Over Value ETF

    0.45%    

Direxion Russell Large Over Small Cap ETF

    0.45%    

Direxion Russell Small Over Large Cap ETF

    0.45%    

Direxion MSCI USA Cyclical Over Defensive ETF

    0.45%    

Direxion MSCI USA Defensive Over Cyclical ETF

    0.45%    

Direxion MSCI Emerging Over Developed Markets ETF

    0.45%    

Direxion MSCI Developed Over Emerging Markets ETF

    0.45%    

Direxion FTSE/Russell International Over US ETF

    0.45%    

Direxion FTSE/Russell US Over International ETF

    0.45%    

1X BEAR FUNDS

 

Direxion Daily 7-10 Year Treasury Bear 1X  Shares

    0.45%    

Direxion Daily 20+ Year Treasury Bear 1X Shares

    0.45%    

Direxion Daily S&P 500® Bear 1X Shares

    0.45%    

Direxion Daily Municipal Bond Taxable Bear 1X Shares

    0.45%    

Direxion Daily Small Cap Bear 1X Shares

    0.45%    

Direxion Daily Total Bond Market Bear 1X Shares

    0.45%    

Direxion Daily CSI 300 China A Share Bear 1X Shares

    0.80%    

Direxion Daily CSI China Internet Index Bear 1X Shares

    0.80%    

Direxion Daily MSCI China A Bear 1X Shares

    0.80%    

Direxion Daily MSCI Real Estate Bear 1X Shares

    0.45%    

LEVERAGED FUNDS

1.5X Funds

 

Direxion Factor Dog Bull 1.5X Shares

    0.55%    

 

A-1

2X Funds

 

Direxion Daily S&P 500® Bull 2X Shares    0.60%            
Direxion Daily CSI 300 China A Share Bull 2X Shares    0.95%            
Direxion Daily Small Cap Bull 2X Shares    0.60%            
Direxion Daily CSI China Internet Index Bull 2X Shares    0.95%            
Direxion Daily MSCI China A Bull 2X Shares    0.95%            
Direxion Daily MSCI European Financials Bull 2X Shares    0.80%            
           Direxion Daily High Yield Bear 2X Shares    0.80%  
Direxion Daily Dow Jones Internet Bull 2X Shares    0.80%            
Direxion Daily Factor Dog Bull 2X Shares    0.80%            
Direxion Daily Lithium & Battery Tech Bull 2X Shares    0.80%            
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares    0.80%            
Direxion Daily Preferred Stock Bull 2X Shares    0.80%            

 

3X Funds

 

Direxion Daily 7-10 Year Treasury Bull 3X Shares    0.95%      Direxion Daily 7-10 Year Treasury Bear 3X Shares    0.95%  
Direxion Daily 20+Year Treasury Bull 3X Shares    0.95%      Direxion Daily 20+Year Treasury Bear 3X Shares    0.95%  
Direxion Daily MSCI Brazil Bull 3X Shares    0.95%             
Direxion Daily FTSE China Bull 3X Shares    0.95%      Direxion Daily FTSE China Bear 3X Shares    0.95%  
Direxion Daily MSCI Developed Markets Bull 3X Shares    0.95%      Direxion MSCI Daily Developed Markets Bear 3X Shares    0.95%  
Direxion Daily MSCI Emerging Markets Bull 3X Shares    0.95%      Direxion MSCI Daily Emerging Markets Bear 3X Shares    0.95%  
Direxion Daily Energy Bull 3X Shares    0.95%      Direxion Daily Energy Bear 3X Shares    0.95%  
Direxion Daily Financial Bull 3X Shares    0.95%      Direxion Daily Financial Bear 3X Shares    0.95%  
Direxion Daily Gold Miners Index Bull 3X Shares    0.95%      Direxion Daily Gold Miners Index Bear 3X Shares    0.95%  
Direxion Daily Healthcare Bull 3X Shares    0.95%            
Direxion Daily MSCI India Bull 3X Shares    0.95%            
Direxion Daily Latin America Bull 3X Shares    0.95%            
Direxion Daily Mid Cap Bull 3X Shares    0.95%      Direxion Daily Mid Cap Bear 3X Shares    0.95%  
Direxion Daily Natural Gas Related Bull 3X Shares    0.95%      Direxion Daily Natural Gas Related Bear 3X Shares    0.95%  
Direxion Daily MSCI Real Estate Bull 3X Shares    0.95%      Direxion Daily MSCI Real Estate Bear 3X Shares    0.95%  
Direxion Daily Regional Banks Bull 3X Shares    0.95%      Direxion Daily Regional Banks Bear 3X Shares    0.95%  
Direxion Daily Retail Bull 3X Shares    0.95%            
Direxion Daily Russia Bull 3X Shares    0.95%      Direxion Daily Russia Bear 3X Shares    0.95%  
Direxion Daily S&P 500® Bull 3X Shares    0.95%      Direxion Daily S&P 500® Bear 3X Shares    0.95%  
Direxion Daily Semiconductor Bull 3X Shares    0.95%      Direxion Daily Semiconductor Bear 3X Shares    0.95%  
Direxion Daily Small Cap Bull 3X Shares    0.95%      Direxion Daily Small Cap Bear 3X Shares    0.95%  
Direxion Daily MSCI South Korea Bull 3X Shares    0.95%             
Direxion Daily Technology Bull 3X Shares    0.95%      Direxion Daily Technology Bear 3X Shares    0.95%  

 

A-2

Direxion Daily Junior Gold Miners Index Bull 3X Shares    0.95%      Direxion Daily Junior Gold Miners Index Bear 3X Shares    0.95%  
Direxion Daily FTSE Europe Bull 3X Shares    0.95%            
Direxion Daily MSCI Japan Bull 3X Shares    0.95%            
Direxion Daily Homebuilders & Supplies Bull 3X Shares    0.95%             
Direxion Daily S&P Biotech Bull 3X Shares    0.95%      Direxion Daily S&P Biotech Bear 3X Shares    0.95%  
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares    0.95%      Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares    0.95%  
Direxion Daily Dow 30 Bull 3X Shares    0.95%      Direxion Daily Dow 30 Bear 3X Shares    0.95%  
Direxion Daily Consumer Discretionary Bull 3X Shares    0.95%      Direxion Daily Consumer Discretionary Bear 3X Shares    0.95%  
Direxion Daily Consumer Staples Bull 3X Shares    0.95%      Direxion Daily Consumer Staples Bear 3X Shares    0.95%  
Direxion Daily Utilities Bull 3X Shares    0.95%      Direxion Daily Utilities Bear 3X Shares    0.95%  
Direxion Daily MSCI Canada Bull 3X Shares    0.95%      Direxion Daily MSCI Canada Bear 3X Shares    0.95%  
Direxion Daily Aerospace & Defense Bull 3X Shares    0.95%      Direxion Daily Aerospace & Defense Bear 3X Shares    0.95%  
Direxion Daily MSCI Mexico Bull 3X Shares    0.95%      Direxion Daily MSCI Mexico Bear 3X Shares    0.95%  
Direxion Daily Transportation Bull 3X Shares    0.95%      Direxion Daily Transportation Bear 3X Shares    0.95%  
Direxion Daily Industrials Bull 3X Shares    0.95%      Direxion Daily Industrials Bear 3X Shares    0.95%  
Direxion Daily Metals & Mining Bull 3X Shares    0.95%      Direxion Daily Metals & Mining Bear 3X Shares    0.95%  
Direxion Daily MSCI Italy Bull 3X Shares    0.95%      Direxion Daily MSCI Italy Bear 3X Shares    0.95%  
Direxion Daily Pharmaceutical & Medical Bull 3X Shares    0.95%      Direxion Daily Pharmaceutical & Medical Bear 3X Shares    0.95%  
Direxion Daily EURO STOXX 50® Bull 3X Shares    0.95%      Direxion Daily EURO STOXX 50® Bear 3X Shares    0.95%  
Direxion Daily Dow Jones Internet Bull 3X Shares    0.95%            
Direxion Daily Factor Dog Bull 3X Shares    0.95%            
Direxion Daily Lithium & Battery Tech Bull 3X Shares    0.95%            
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 3X Shares    0.95%            
Direxion Daily Preferred Stock Bull 3X Shares    0.95%            
Direxion Daily Communications Services Index Bull 3X Shares    0.95%      Direxion Daily Communication Services Bear 3X Shares    0.95%  

Last Updated: November 20, 2018

 

A-3