EX-99.HVIC 8 d846494dex99hvic.htm EX-99.HVIC EX-99.hviC

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, 2026, to the extent that a Fund’s Total Annual Fund Operating Expenses exceeds a Fund’s daily net assets as listed below.

SUBADVISED FUND

 

Direxion HCM Tactical Enhanced US ETF

      1.15 % 

Actively-Managed Funds

 

Direxion Bitcoin Strategy ETF

      0.95 % 

Direxion Ether Strategy ETF

      0.95 % 

Direxion Ether Strategy Bear ETF

      0.95 % 

Direxion Daily Concentrated Energy Bear 1X Shares

      0.95 % 

Direxion Daily Concentrated Energy Bull 2X Shares

      0.95 % 

Direxion Daily Concentrated Energy Bear 2X Shares

      0.95 % 

Direxion Daily Concentrated Homebuilders & Supplies Bear 1X Shares

      0.95 % 

Direxion Daily Concentrated Homebuilders & Supplies Bull 2X Shares

      0.95 % 

Direxion Daily Concentrated Homebuilders & Supplies Bear 2X Shares

      0.95 % 

Direxion Daily Concentrated Semiconductors Bear 1X Shares

      0.95 % 

Direxion Daily Concentrated Semiconductors Bull 2X Shares

      0.95 % 

Direxion Daily Concentrated Semiconductors Bear 2X Shares

      0.95 % 

Direxion Daily Concentrated Electric and Autonomous Vehicles Bear 1X Shares

      0.95 % 

Direxion Daily Concentrated Electric and Autonomous Vehicles Bull 2X Shares

      0.95 % 

Direxion Daily Concentrated Electric and Autonomous Vehicles Bear 2X Shares

      0.95 % 

Direxion Daily Concentrated Biotech Bear 1X Shares

      0.95 % 

Direxion Daily Concentrated Biotech Bull 2X Shares

      0.95 % 

Direxion Daily Concentrated Biotech Bear 2X Shares

      0.95 % 

Direxion Daily Concentrated Retail Bear 1X Shares

      0.95 % 

Direxion Daily Concentrated Retail Bull 2X Shares

      0.95 % 

Direxion Daily Concentrated Retail Bear 2X Shares

      0.95 % 

Direxion Daily Concentrated Technology Bear 1X Shares

      0.95 % 

Direxion Daily Concentrated Technology Bull 2X Shares

      0.95 % 

Direxion Daily Concentrated Technology Bear 2X Shares

      0.95 % 

 

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1X BEAR FUNDS

 

Direxion Daily S&P 500® Bear 1X Shares

      0.45 % 

Direxion Daily MAGMA Bear 1X Shares

      0.45 % 

Direxion Daily AI and Big Data Bear 1X Shares

      0.45 % 

Direxion Daily MSCI Emerging Markets ex China Bear 1X Shares

      0.80 % 

Direxion Daily Magnificent 7 Bear 1X Shares

      0.45 % 

Direxion Daily Uranium Industry Bear 1X Shares

      0.45 % 

Direxion Daily Crypto Industry Bear 1X Shares

      0.45 % 

LEVERAGED FUNDS

Bitcoin Funds

 

Direxion Daily Bitcoin Strategy Bull 2X Shares

      0.95 % 

Direxion Daily Bitcoin Strategy Bear 2X Shares

      0.95 % 

Direxion Daily Bitcoin Bear 1X Shares

      0.95 % 

Direxion Daily Bitcoin Bull 1.5X Shares

      0.95 % 

Direxion Daily Bitcoin Bear 1.5X Shares

      0.95 % 

Direxion Daily Bitcoin Bull 2X Shares

      0.95 % 

Direxion Daily Bitcoin Bear 2X Shares

      0.95 % 

Ether Leveraged Funds

 

Direxion Daily Ether Strategy Bull 2X Shares

      0.95 % 

Direxion Daily Ether Strategy Bear 2X Shares

      0.95 % 

Monthly Leveraged Funds

 

Direxion Enhanced S&P Equity Income ETF

      0.65 % 

Direxion Enhanced Qs Equity Income ETF

      0.65 % 

Single Stock Funds

 

Direxion Daily TSLA Bull 2X Shares

      0.95 % 

Direxion Daily TSLA Bear 1X Shares

      0.95 % 

Direxion Daily META Bull 2X Shares

      0.95 % 

Direxion Daily META Bear 1X Shares

      0.95 % 

Direxion Daily NFLX Bull 2X Shares

      0.95 % 

Direxion Daily NFLX Bear 1X Shares

      0.95 % 

Direxion Daily AAPL Bull 2X Shares

      0.95 % 

Direxion Daily AAPL Bear 1X Shares

      0.95 % 

Direxion Daily MSFT Bull 2X Shares

      0.95 % 

Direxion Daily MSFT Bear 1X Shares

      0.95 % 

Direxion Daily AMZN Bull 2X Shares

      0.95 % 

Direxion Daily AMZN Bear 1X Shares

      0.95 % 

Direxion Daily GOOGL Bull 2X Shares

      0.95 % 

Direxion Daily GOOGL Bear 1X Shares

      0.95 % 

Direxion Daily NVDA Bull 2X Shares

      0.95 % 

Direxion Daily NVDA Bear 1X Shares

      0.95 % 

Direxion Daily AMD Bull 2X Shares

      0.95 % 

Direxion Daily AMD Bear 1X Shares

      0.95 % 

Direxion Daily ARM Bull 2X Shares

      0.95 % 

Direxion Daily ARM Bear 1X Shares

      0.95 % 

Direxion Daily ASML Bull 2X Shares

      0.95 % 

 

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Direxion Daily ASML Bear 1X Shares

      0.95 % 

Direxion Daily AVGO Bull 2X Shares

      0.95 % 

Direxion Daily AVGO Bear 1X Shares

      0.95 % 

Direxion Daily BA Bull 2X Shares

      0.95 % 

Direxion Daily BA Bear 1X Shares

      0.95 % 

Direxion Daily BRK/B Bull 2X Shares

      0.95 % 

Direxion Daily BRK/B Bear 1X Shares

      0.95 % 

Direxion Daily LLY Bull 2X Shares

      0.95 % 

Direxion Daily LLY Bear 1X Shares

      0.95 % 

Direxion Daily MU Bull 2X Shares

      0.95 % 

Direxion Daily MU Bear 1X Shares

      0.95 % 

Direxion Daily PLTR Bull 2X Shares

      0.95 % 

Direxion Daily PLTR Bear 1X Shares

      0.95 % 

Direxion Daily SMCI Bull 2X Shares

      0.95 % 

Direxion Daily SMCI Bear 1X Shares

      0.95 % 

Direxion Daily TSM Bull 2X Shares

      0.95 % 

Direxion Daily TSM Bear 1X Shares

      0.95 % 

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 CSI China Internet Index Bull 2X Shares

      0.95 % 

Direxion Daily MSCI Brazil Bull 2X Shares

      0.95 % 

Direxion Daily Energy Bull 2X Shares

      0.95 % 

Direxion Daily Energy Bear 2X Shares

      0.95 % 

Direxion Daily Gold Miners Index Bull 2X Shares

      0.95 % 

Direxion Daily Gold Miners Index Bear 2X Shares

      0.95 % 

Direxion Daily Junior Gold Miners Index Bull 2X Shares

      0.95 % 

Direxion Daily Junior Gold Miners Index Bear 2X Shares

      0.95 % 

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

      0.95 % 

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

      0.95 % 

Direxion Daily MSCI India Bull 2X Shares

      0.95 % 

Direxion Daily Robotics, Artificial Intelligence, & Automation Index Bull 2X Shares

      0.95 % 

Direxion Daily Cloud Computing Bull 2X Shares

      0.95 % 

Direxion Daily NYSE FANG+ Bull 2X Shares

      0.95 % 

Direxion Daily NYSE FANG+ Bear 2X Shares

      0.95 % 

Direxion Daily Travel & Vacation Bull 2X Shares

      0.95 % 

Direxion Daily Travel & Vacation Bear 2X Shares

      0.95 % 

Direxion Daily Aviation Bull 2X Shares

      0.95 % 

Direxion Daily Aviation Bear 2X Shares

      0.95 % 

Direxion Daily China Technology Bull 2X Shares

      0.95 % 

Direxion Daily China Technology Bear 2X Shares

      0.95 % 

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

      0.95 % 

Direxion Daily Electric and Autonomous Vehicles Bear 2X Shares

      0.95 % 

Direxion Daily Crypto Industry Bull 2X Shares

      0.95 % 

Direxion Daily MAGMA Bull 2X Shares

      0.95 % 

Direxion Daily AI and Big Data Bull 2X Shares

      0.95 % 

Direxion Daily AI and Big Data Bear 2X Shares

      0.95 % 

Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares

      0.95 % 

Direxion Daily MSCI Emerging Markets ex China Bear 2X Shares

      0.95 % 

Direxion Daily Magnificent 7 Bull 2X Shares

      0.95 % 

Direxion Daily Magnificent 7 Bear 2X Shares

      0.95 % 

Direxion Daily Uranium Industry Bull 2X Shares

      0.95 % 

Direxion Daily Quality Bull 2X Shares

      0.95 % 

Direxion Daily Quality Bear 2X Shares

      0.95 % 

 

A-3

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 FTSE China Bull 3X Shares

      0.95 % 

Direxion Daily FTSE China Bear 3X Shares

      0.95 % 

Direxion Daily MSCI Emerging Markets Bull 3X Shares

      0.95 % 

Direxion Daily MSCI Emerging Markets Bear 3X Shares

      0.95 % 

Direxion Daily Financial Bull 3X Shares

      0.95 % 

Direxion Daily Financial Bear 3X Shares

      0.95 % 

Direxion Daily Healthcare Bull 3X Shares

      0.95 % 

Direxion Daily Mid Cap Bull 3X Shares

      0.95 % 

Direxion Daily Real Estate Bull 3X Shares

      0.95 % 

Direxion Daily Real Estate Bear 3X Shares

      0.95 % 

Direxion Daily Regional Banks Bull 3X Shares

      0.95 % 

Direxion Daily Retail Bull 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 % 

Direxion Daily FTSE Europe 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 Consumer Discretionary Bull 3X Shares

      0.95 % 

Direxion Daily Utilities Bull 3X Shares

      0.95 % 

Direxion Daily Aerospace & Defense Bull 3X Shares

      0.95 % 

Direxion Daily MSCI Mexico Bull 3X Shares

      0.95 % 

Direxion Daily Transportation Bull 3X Shares

      0.95 % 

Direxion Daily Industrials Bull 3X Shares

      0.95 % 

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

      0.95 % 

Direxion Daily Dow Jones Internet Bull 3X Shares

      0.95 % 

Direxion Daily Dow Jones Internet Bear 3X Shares

      0.95 % 

Direxion Daily S&P 500® High Beta Bull 3X Shares

      0.95 % 

Direxion Daily S&P 500® High Beta Bear 3X Shares

      0.95 % 

Last Updated: August 22, 2024

 

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