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Document/Exhibit Description Pages Size 1: 485APOS Post-Effective Amendment of a Form N-1 or N-1A HTML 6.03M Registration
485APOS |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
[ X ] | |
Pre-Effective Amendment No. |
___ |
[ ] |
Post-Effective Amendment No. |
326 |
[ X ] |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
[ X ] | |
Amendment No. |
328 |
[ X ] |
Angela Brickl |
Stacy L. Fuller |
Rafferty Asset Management, LLC |
K&L Gates LLP |
1301 Avenue of the Americas (6th Avenue) |
1601 K Street, NW |
28th Floor |
|
|
[ ] |
immediately upon filing pursuant to paragraph (b) |
[ ] |
on (date) pursuant to paragraph (b) |
[ ] |
60 days after filing pursuant to paragraph (a)(1) |
[ ] |
on (date) pursuant to paragraph (a)(1) |
[ X ] |
75 days after filing pursuant to paragraph (a)(2) |
[ ] |
on (date) pursuant to paragraph (a)(2) of Rule 485. |
[ ] |
This post-effective amendment designates a new effective date for a previously filed
post-effective amendment. |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses (Operating Services Fees)(1),(2) |
0.05% |
Total Annual Fund Operating Expenses |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Write to: |
Direxion Shares ETF Trust |
|
|
Call: |
(866) 476-7523 |
By Internet: |
|
Page |
1 | |
1 | |
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25 | |
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30 | |
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51 | |
51 | |
51 | |
52 | |
52 | |
52 | |
52 | |
53 | |
57 | |
A-1 |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
Daniel D. O’Neill(1)
Age: 53 |
Chairman of the Board of
Trustees |
Lifetime of Trust until
removal or resignation; Since 2008
|
Chief Executive Officer,
Rafferty Asset
Management,
LLC, since 2021;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
– January
2019. |
[ ] |
None. |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(3)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
David L. Driscoll
Age: 52 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Partner, King
Associates, LLP,
since 2004; Board
Advisor, University
Common Real
Estate, since 2012;
Principal, Grey
Oaks LLP, since
2003; Member,
Kendrick LLC,
since 2006.
|
[ ] |
None. |
Jacob C. Gaffey
Age: 74 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Managing
Director, Loomis &
Co., 2012-2019.
|
[ ] |
None. |
Henry W. Mulholland
Age: 58 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2017 |
Managing
Partner, Grove Hill
Partners LLC, since
2016. |
[ ] |
None. |
Kathleen M. Berkery Age: 54 |
Trustee |
Lifetime of Trust until
removal or resignation; Since
2019 |
Chief Financial Officer,
Student Sponsor Partners,
since November
2021; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, since 2018;
Financial Advisor,
Lee, Nolan &
Koroghlian Life
Planning Group,
2010-2017.
|
[ ] |
None. |
Name, Address and Age |
Position(s) Held with
Fund |
Term of Office and
Length of Time Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in the
Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships Held
by Trustee During Past Five Years |
Daniel D. O’Neill(1)
Age: 53 |
Chief Executive
Officer |
One Year;
Since 2021 |
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, since 2021;
Managing
Director of
Rafferty Asset
Management,
LLC, January 1999
– January
2019. |
N/A |
N/A |
Age: 48 |
Principal Executive
Officer
|
One Year;
Since 2018 |
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A |
N/A |
Angela Brickl
Age: 45 |
Chief Compliance
Officer
Secretary |
One Year;
Since 2018
One Year;
Since 2011 |
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, since
September 2012.
|
N/A |
N/A |
Corey Noltner Age: 32 |
Principal Financial
Officer |
One Year; Since
2021 |
Senior Business Analyst,
Rafferty Asset
Management,
LLC, since October
2015. |
N/A |
N/A |
Dollar Range of Equity
Securities Owned: |
Interested
Trustee: |
Independent Trustees: | |||
|
Daniel D. O’Neill |
David L. Driscoll |
Jacob C. Gaffey |
Henry W. Mulholland |
Kathleen M. Berkery |
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of Investment
Companies(1) |
Over
$100,000 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation
From the Trust(1) |
Pension or Retirement Benefits
Accrued As Part of the Trust’s
Expenses |
Estimated Annual Benefits
Upon Retirement |
Aggregate Compensation
From the Direxion Family of
Investment Companies Paid
to the Trustees(2) |
Interested Trustee | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$106,875 |
$0 |
$0 |
$142,500 |
Jacob C. Gaffey |
$106,875 |
$0 |
$0 |
$142,500 |
Henry W. Mulholland |
$106,875 |
$0 |
$0 |
$142,500 |
Kathleen M. Berkery |
$106,875 |
$0 |
$0 |
$142,500 |
Accounts |
Total Number of Accounts |
Total Assets
(In Billions) |
Total Number of Accounts with
Performance Based Fees |
Total Assets of Accounts
with Performance Based Fees |
Registered Investment Companies |
[ ] |
$[ ] |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum
Additional
Charge for
Redemptions* | ||
|
In-Kind |
Cash | ||
NSCC |
Outside NSCC |
Outside
NSCC | ||
Direxion US Treasuries Strategy ETF |
N/A |
Up to 300% of NSCC Amount |
$250 |
Up to 2.00% |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses (Operating Services Fees)(1),(2) |
0.05% |
Total Annual Fund Operating Expenses |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Write to: |
Direxion Shares ETF Trust |
|
|
Call: |
(866) 476-7523 |
By Internet: |
|
Page |
1 | |
1 | |
1 | |
1 | |
1 | |
2 | |
2 | |
4 | |
4 | |
12 | |
12 | |
15 | |
15 | |
16 | |
16 | |
17 | |
17 | |
18 | |
18 | |
19 | |
19 | |
25 | |
25 | |
30 | |
31 | |
31 | |
31 | |
31 | |
32 | |
32 | |
33 | |
33 | |
34 | |
34 | |
34 | |
35 | |
35 | |
36 | |
36 | |
37 | |
37 | |
37 | |
38 | |
38 |
|
Page |
40 | |
40 | |
42 | |
42 | |
43 | |
44 | |
45 | |
45 | |
45 | |
46 | |
46 | |
46 | |
46 | |
47 | |
47 | |
48 | |
49 | |
49 | |
49 | |
50 | |
50 | |
50 | |
50 | |
51 | |
51 | |
51 | |
51 | |
52 | |
52 | |
52 | |
52 | |
53 | |
57 | |
A-1 |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
Daniel D. O’Neill(1)
Age: 53 |
Chairman of the Board of
Trustees |
Lifetime of Trust until
removal or resignation; Since 2008
|
Chief Executive Officer,
Rafferty Asset
Management,
LLC, since 2021;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
– January
2019. |
[ ] |
None. |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(3)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
David L. Driscoll
Age: 52 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Partner, King
Associates, LLP,
since 2004; Board
Advisor, University
Common Real
Estate, since 2012;
Principal, Grey
Oaks LLP, since
2003; Member,
Kendrick LLC,
since 2006.
|
[ ] |
None. |
Jacob C. Gaffey
Age: 74 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Managing
Director, Loomis &
Co., 2012-2019.
|
[ ] |
None. |
Henry W. Mulholland
Age: 58 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2017 |
Managing
Partner, Grove Hill
Partners LLC, since
2016. |
[ ] |
None. |
Kathleen M. Berkery Age: 54 |
Trustee |
Lifetime of Trust until
removal or resignation; Since
2019 |
Chief Financial Officer,
Student Sponsor Partners,
since November
2021; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, since 2018;
Financial Advisor,
Lee, Nolan &
Koroghlian Life
Planning Group,
2010-2017.
|
[ ] |
None. |
Name, Address and Age |
Position(s) Held with
Fund |
Term of Office and
Length of Time Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in the
Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships Held
by Trustee During Past Five Years |
Daniel D. O’Neill(1)
Age: 53 |
Chief Executive
Officer |
One Year;
Since 2021 |
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, since 2021;
Managing
Director of
Rafferty Asset
Management,
LLC, January 1999
– January
2019. |
N/A |
N/A |
Age: 48 |
Principal Executive
Officer
|
One Year;
Since 2018 |
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A |
N/A |
Angela Brickl
Age: 45 |
Chief Compliance
Officer
Secretary |
One Year;
Since 2018
One Year;
Since 2011 |
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, since
September 2012.
|
N/A |
N/A |
Corey Noltner Age: 32 |
Principal Financial
Officer |
One Year; Since
2021 |
Senior Business Analyst,
Rafferty Asset
Management,
LLC, since October
2015. |
N/A |
N/A |
Dollar Range of Equity
Securities Owned: |
Interested
Trustee: |
Independent Trustees: | |||
|
Daniel D. O’Neill |
David L. Driscoll |
Jacob C. Gaffey |
Henry W. Mulholland |
Kathleen M. Berkery |
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of Investment
Companies(1) |
Over
$100,000 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation
From the Trust(1) |
Pension or Retirement Benefits
Accrued As Part of the Trust’s
Expenses |
Estimated Annual Benefits
Upon Retirement |
Aggregate Compensation
From the Direxion Family of
Investment Companies Paid
to the Trustees(2) |
Interested Trustee | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$106,875 |
$0 |
$0 |
$142,500 |
Jacob C. Gaffey |
$106,875 |
$0 |
$0 |
$142,500 |
Henry W. Mulholland |
$106,875 |
$0 |
$0 |
$142,500 |
Kathleen M. Berkery |
$106,875 |
$0 |
$0 |
$142,500 |
Accounts |
Total Number of Accounts |
Total Assets
(In Billions) |
Total Number of Accounts with
Performance Based Fees |
Total Assets of Accounts
with Performance Based Fees |
Registered Investment Companies |
[ ] |
$[ ] |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum
Additional
Charge for
Redemptions* | ||
|
In-Kind |
Cash | ||
NSCC |
Outside NSCC |
Outside
NSCC | ||
Direxion US Treasuries Strategy Bear ETF |
N/A |
Up to 300% of NSCC Amount |
$250 |
Up to 2.00% |
1.25X BULL FUND |
1.25X BEAR FUND |
Direxion Daily US Treasuries Bull 1.25X Shares ( ) |
Direxion Daily US Treasuries Bear 1.25X Shares ( ) |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
125%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-75% |
-68.6% |
-70.1% |
-74.3% |
-78.3% |
-81.3% |
-50% |
-63% |
-58.4% |
-60.3% |
-65.0% |
-70.3% |
-74.3% |
-40% |
-50% |
-47.7% |
-49.9% |
-55.7% |
-61.8% |
-66.6% |
-30% |
-38% |
-36.5% |
-39.0% |
-45.9% |
-52.7% |
-58.5% |
-20% |
-25% |
-24.9% |
-27.8% |
-35.6% |
-43.6% |
-50.0% |
-10% |
-13% |
-13.0% |
-16.3% |
-25.2% |
-34.2% |
-41.1% |
0% |
0% |
-0.8% |
-4.4% |
-13.8% |
-24.6% |
-32.3% |
10% |
13% |
11.8% |
7.6% |
-2.9% |
-14.1% |
-23.0% |
20% |
25% |
24.6% |
20.0% |
7.8% |
-4.3% |
-14.3% |
30% |
38% |
37.7% |
32.5% |
18.4% |
5.5% |
-5.0% |
40% |
50% |
51.0% |
45.1% |
29.8% |
15.8% |
5.5% |
50% |
63% |
64.5% |
57.9% |
40.7% |
25.3% |
14.8% |
60% |
75% |
78.2% |
70.8% |
51.8% |
35.5% |
23.8% |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
125%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
75% |
210.4% |
195.4% |
156.2% |
117.0% |
87.6% |
-50% |
63% |
135.3% |
125.0% |
97.4% |
69.6% |
48.6% |
-40% |
50% |
87.6% |
79.9% |
60.2% |
38.0% |
22.1% |
-30% |
38% |
54.9% |
48.8% |
32.9% |
15.8% |
3.0% |
-20% |
25% |
31.1% |
26.1% |
13.2% |
-0.9% |
-11.8% |
-10% |
13% |
13.2% |
9.0% |
-1.9% |
-13.8% |
-23.1% |
0% |
0% |
-0.8% |
-4.4% |
-13.8% |
-23.9% |
-31.7% |
10% |
-13% |
-11.9% |
-15.2% |
-23.8% |
-32.6% |
-39.1% |
20% |
-25% |
-21.0% |
-24.0% |
-31.4% |
-39.4% |
-44.8% |
30% |
-38% |
-28.5% |
-31.3% |
-38.3% |
-45.3% |
-50.0% |
40% |
-50% |
-34.9% |
-37.4% |
-43.9% |
-50.0% |
-54.5% |
50% |
-63% |
-40.3% |
-42.7% |
-49.1% |
-54.5% |
-58.3% |
60% |
-75% |
-45.0% |
-47.3% |
-53.2% |
-58.2% |
-61.6% |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Day |
Index Value |
Index Performance |
Value of Investment |
|
$100.00 |
|
$100.00 |
1 |
$108.00 |
8.00% |
$108.00 |
2 |
$100.00 |
-7.41% |
$100.00 |
Day |
Index Performance |
125% of Index Performance |
Value of Fund B Investment |
|
|
|
$100.00 |
1 |
8.00% |
10.0% |
$110.00 |
2 |
-7.41% |
-9.26% |
$99.81 |
Volatility
Range |
1.25X Bull Fund
Loss |
1.25X Bear Fund
Loss |
10% |
0.8% |
|
25% |
4.4% |
|
50% |
13.8% |
|
75% |
24.6% |
|
100% |
32.3% |
|
Index Move |
Resulting Exposure for a Bull Fund |
-5% |
126.7% |
-4% |
126.3% |
-3% |
126.0% |
-2% |
125.6% |
-1% |
125.3% |
0% |
125.0% |
1% |
124.7% |
2% |
124.4% |
3% |
124.1% |
4% |
123.8% |
5% |
123.5% |
Index Move |
Resulting Exposure for Bear Fund |
-20% |
|
-15% |
|
-10% |
|
-5% |
|
0% |
|
5% |
|
10% |
|
15% |
|
20% |
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
105 |
5.00% |
5.00% |
$106.25
|
6.25% |
6.25% |
|
|
|
Day 2 |
110 |
4.76% |
10.00% |
$112.57
|
5.95% |
12.57% |
|
|
|
Day 3 |
100 |
-9.09% |
0.00% |
$99.78 |
-11.36% |
-0.22% |
|
|
|
Day 4 |
90 |
-10.00% |
-10.00% |
$87.31 |
-12.50% |
-12.69% |
|
|
|
Day 5 |
85 |
-5.56% |
-15.00% |
$81.24 |
-6.95% |
-18.76% |
|
|
|
Day 6 |
100 |
17.65% |
0.00% |
$99.16 |
22.06% |
-0.84% |
|
|
|
Day 7 |
95 |
-5.00% |
-5.00% |
$92.97 |
-6.25% |
-7.03% |
|
|
|
Day 8 |
100 |
5.26% |
0.00% |
$99.08 |
6.58% |
-0.92% |
|
|
|
Day 9 |
105 |
5.00% |
5.00% |
$105.27
|
6.25% |
5.27% |
|
|
|
Day 10 |
100 |
-4.76% |
0.00% |
$99.01 |
-5.95% |
-0.99% |
|
|
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
102 |
2.00% |
2.00% |
$102.50
|
2.50% |
2.50% |
|
|
|
Day 2 |
104 |
1.96% |
4.00% |
$105.01
|
2.45% |
5.01% |
|
|
|
Day 3 |
106 |
1.92% |
6.00% |
$107.53
|
2.40% |
7.53% |
|
|
|
Day 4 |
108 |
1.89% |
8.00% |
$110.07
|
2.36% |
10.07% |
|
|
|
Day 5 |
110 |
1.85% |
10.00% |
$112.62
|
2.31% |
12.62% |
|
|
|
Day 6 |
112 |
1.82% |
12.00% |
$115.18
|
2.28% |
15.18% |
|
|
|
Day 7 |
114 |
1.79% |
14.00% |
$117.76
|
2.24% |
17.76% |
|
|
|
Day 8 |
116 |
1.75% |
16.00% |
$120.33
|
2.19% |
20.33% |
|
|
|
Day 9 |
118 |
1.72% |
18.00% |
$122.92
|
2.15% |
22.92% |
|
|
|
Day 10 |
120 |
1.69% |
20.00% |
$125.52
|
2.11% |
25.52% |
|
|
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
98 |
-2.00% |
-2.00% |
$97.50 |
-2.50% |
-2.50% |
|
|
|
Day 2 |
96 |
-2.04% |
-4.00% |
$95.01 |
-2.55% |
-4.99% |
|
|
|
Day 3 |
94 |
-2.08% |
-6.00% |
$92.54 |
-2.60% |
-7.46% |
|
|
|
Day 4 |
92 |
-2.13% |
-8.00% |
$90.08 |
-2.66% |
-9.92% |
|
|
|
Day 5 |
90 |
-2.17% |
-10.00% |
$87.64 |
-2.71% |
-12.36% |
|
|
|
Day 6 |
88 |
-2.22% |
-12.00% |
$85.20 |
-2.78% |
-14.80% |
|
|
|
Day 7 |
86 |
-2.27% |
-14.00% |
$82.79 |
-2.84% |
-17.21% |
|
|
|
Day 8 |
84 |
-2.33% |
-16.00% |
$80.38 |
-2.91% |
-19.62% |
|
|
|
Day 9 |
82 |
-2.38% |
-18.00% |
$77.98 |
-2.98% |
-22.02% |
|
|
|
Day 10 |
80 |
-2.44% |
-20.00% |
$75.61 |
-3.05% |
-24.39% |
|
|
|
|
|
|
|
Direxion Daily US Treasuries Bull 1.25X Shares |
Direxion Daily US Treasuries Bear 1.25X Shares |
Investment Strategy Risk |
X |
X |
Futures Strategy Risk |
X |
X |
Effects of Compounding and Market Volatility Risk |
X |
X |
Leverage Risk |
X |
X |
Derivatives Risk |
X |
X |
Counterparty Risk |
X |
X |
Rebalancing Risk |
X |
X |
Intra-Day Investment Risk |
X |
X |
Daily Index Correlation/Tracking Risk |
X |
|
Daily Inverse Index Correlation/Tracking Risk |
|
X |
Cash Transaction Risk |
X |
X |
Shorting Risk |
|
X |
Credit Risk |
X |
X |
Interest Rate Risk |
X |
X |
U.S. Government Securities Risk |
X |
X |
Natural Disaster/Epidemic and Market Disruption Risk |
X |
X |
Market Risk |
X |
X |
Index Strategy Risk |
X |
X |
Liquidity Risk |
X |
X |
Early Close/Trading Halt Risk |
X |
X |
High Portfolio Turnover Risk |
X |
X |
Non-Diversification Risk |
X |
X |
Special Risks of Exchange-Traded Funds |
X |
X |
One
Year
Index |
125%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-75% |
-68.6% |
-70.1% |
-74.3% |
-78.3% |
-81.3% |
-50% |
-63% |
-58.4% |
-60.3% |
-65.0% |
-70.3% |
-74.3% |
-40% |
-50% |
-47.7% |
-49.9% |
-55.7% |
-61.8% |
-66.6% |
-30% |
-38% |
-36.5% |
-39.0% |
-45.9% |
-52.7% |
-58.5% |
-20% |
-25% |
-24.9% |
-27.8% |
-35.6% |
-43.6% |
-50.0% |
-10% |
-13% |
-13.0% |
-16.3% |
-25.2% |
-34.2% |
-41.1% |
0% |
0% |
-0.8% |
-4.4% |
-13.8% |
-24.6% |
-32.3% |
10% |
13% |
11.8% |
7.6% |
-2.9% |
-14.1% |
-23.0% |
20% |
25% |
24.6% |
20.0% |
7.8% |
-4.3% |
-14.3% |
30% |
38% |
37.7% |
32.5% |
18.4% |
5.5% |
-5.0% |
40% |
50% |
51.0% |
45.1% |
29.8% |
15.8% |
5.5% |
50% |
63% |
64.5% |
57.9% |
40.7% |
25.3% |
14.8% |
60% |
75% |
78.2% |
70.8% |
51.8% |
35.5% |
23.8% |
One
Year
Index |
125%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
75% |
210.4% |
195.4% |
156.2% |
117.0% |
87.6% |
-50% |
63% |
135.3% |
125.0% |
97.4% |
69.6% |
48.6% |
-40% |
50% |
87.6% |
79.9% |
60.2% |
38.0% |
22.1% |
-30% |
38% |
54.9% |
48.8% |
32.9% |
15.8% |
3.0% |
-20% |
25% |
31.1% |
26.1% |
13.2% |
-0.9% |
-11.8% |
-10% |
13% |
13.2% |
9.0% |
-1.9% |
-13.8% |
-23.1% |
0% |
0% |
-0.8% |
-4.4% |
-13.8% |
-23.9% |
-31.7% |
10% |
-13% |
-11.9% |
-15.2% |
-23.8% |
-32.6% |
-39.1% |
20% |
-25% |
-21.0% |
-24.0% |
-31.4% |
-39.4% |
-44.8% |
30% |
-38% |
-28.5% |
-31.3% |
-38.3% |
-45.3% |
-50.0% |
40% |
-50% |
-34.9% |
-37.4% |
-43.9% |
-50.0% |
-54.5% |
50% |
-63% |
-40.3% |
-42.7% |
-49.1% |
-54.5% |
-58.3% |
60% |
-75% |
-45.0% |
-47.3% |
-53.2% |
-58.2% |
-61.6% |
Fund |
Symbol |
Direxion Daily US Treasuries Bull 1.25X Shares |
|
Direxion Daily US Treasuries Bear 1.25X Shares |
|
Write to: |
Direxion Shares ETF Trust |
|
|
Call: |
(866) 476-7523 |
By Internet: |
1.25X BULL FUND |
1.25X BEAR FUND |
Direxion Daily US Treasuries Bull 1.25X Shares ( ) |
Direxion Daily US Treasuries Bear 1.25X Shares ( ) |
|
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55 | |
55 | |
55 | |
56 | |
56 | |
57 | |
57 | |
60 | |
61 | |
61 | |
61 | |
62 | |
62 | |
66 | |
A-1 |
Fund |
Underlying Index |
Daily Leveraged
Investment Objective |
Direxion Daily US Treasuries Bull 1.25X Shares |
S&P 10-Year U.S. Treasury Note Futures Index |
125% |
Direxion Daily US Treasuries Bear 1.25X Shares |
-125% |
One
Year
Index |
125%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-75% |
-68.6% |
-70.1% |
-74.3% |
-78.3% |
-81.3% |
-50% |
-63% |
-58.4% |
-60.3% |
-65.0% |
-70.3% |
-74.3% |
-40% |
-50% |
-47.7% |
-49.9% |
-55.7% |
-61.8% |
-66.6% |
-30% |
-38% |
-36.5% |
-39.0% |
-45.9% |
-52.7% |
-58.5% |
-20% |
-25% |
-24.9% |
-27.8% |
-35.6% |
-43.6% |
-50.0% |
-10% |
-13% |
-13.0% |
-16.3% |
-25.2% |
-34.2% |
-41.1% |
0% |
0% |
-0.8% |
-4.4% |
-13.8% |
-24.6% |
-32.3% |
10% |
13% |
11.8% |
7.6% |
-2.9% |
-14.1% |
-23.0% |
20% |
25% |
24.6% |
20.0% |
7.8% |
-4.3% |
-14.3% |
30% |
38% |
37.7% |
32.5% |
18.4% |
5.5% |
-5.0% |
40% |
50% |
51.0% |
45.1% |
29.8% |
15.8% |
5.5% |
50% |
63% |
64.5% |
57.9% |
40.7% |
25.3% |
14.8% |
60% |
75% |
78.2% |
70.8% |
51.8% |
35.5% |
23.8% |
One
Year
Index |
125%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
75% |
210.4% |
195.4% |
156.2% |
117.0% |
87.6% |
-50% |
63% |
135.3% |
125.0% |
97.4% |
69.6% |
48.6% |
-40% |
50% |
87.6% |
79.9% |
60.2% |
38.0% |
22.1% |
-30% |
38% |
54.9% |
48.8% |
32.9% |
15.8% |
3.0% |
-20% |
25% |
31.1% |
26.1% |
13.2% |
-0.9% |
-11.8% |
-10% |
13% |
13.2% |
9.0% |
-1.9% |
-13.8% |
-23.1% |
0% |
0% |
-0.8% |
-4.4% |
-13.8% |
-23.9% |
-31.7% |
10% |
-13% |
-11.9% |
-15.2% |
-23.8% |
-32.6% |
-39.1% |
20% |
-25% |
-21.0% |
-24.0% |
-31.4% |
-39.4% |
-44.8% |
30% |
-38% |
-28.5% |
-31.3% |
-38.3% |
-45.3% |
-50.0% |
40% |
-50% |
-34.9% |
-37.4% |
-43.9% |
-50.0% |
-54.5% |
50% |
-63% |
-40.3% |
-42.7% |
-49.1% |
-54.5% |
-58.3% |
60% |
-75% |
-45.0% |
-47.3% |
-53.2% |
-58.2% |
-61.6% |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
Daniel D. O’Neill(1)
Age: 53 |
Chairman of the Board of
Trustees |
Lifetime of Trust until
removal or resignation; Since 2008
|
Chief Executive Officer,
Rafferty Asset
Management,
LLC, since 2021;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
– January
2019. |
[ ] |
None. |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(3)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
David L. Driscoll
Age: 52 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Partner, King
Associates, LLP,
since 2004; Board
Advisor, University
Common Real
Estate, since 2012;
Principal, Grey
Oaks LLP, since
2003; Member,
Kendrick LLC,
since 2006.
|
[ ] |
None. |
Jacob C. Gaffey
Age: 74 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Managing
Director, Loomis &
Co., 2012-2019.
|
[ ] |
None. |
Henry W. Mulholland
Age: 58 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2017 |
Managing
Partner, Grove Hill
Partners LLC, since
2016. |
[ ] |
None. |
Kathleen M. Berkery Age: 54 |
Trustee |
Lifetime of Trust until
removal or resignation; Since
2019 |
Chief Financial Officer,
Student Sponsor Partners,
since November
2021; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, since 2018;
Financial Advisor,
Lee, Nolan &
Koroghlian Life
Planning Group,
2010-2017.
|
[ ] |
None. |
Name, Address and Age |
Position(s) Held with
Fund |
Term of Office and
Length of Time Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in the
Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships Held
by Trustee During Past Five Years |
Daniel D. O’Neill(1)
Age: 53 |
Chief Executive
Officer |
One Year;
Since 2021 |
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, since 2021;
Managing
Director of
Rafferty Asset
Management,
LLC, January 1999
– January
2019. |
N/A |
N/A |
Age: 48 |
Principal Executive
Officer
|
One Year;
Since 2018 |
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A |
N/A |
Angela Brickl
Age: 45 |
Chief Compliance
Officer
Secretary |
One Year;
Since 2018
One Year;
Since 2011 |
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, since
September 2012.
|
N/A |
N/A |
Corey Noltner Age: 32 |
Principal Financial
Officer |
One Year; Since
2021 |
Senior Business Analyst,
Rafferty Asset
Management,
LLC, since October
2015. |
N/A |
N/A |
Dollar Range of Equity
Securities Owned: |
Interested
Trustee: |
Independent Trustees: | |||
|
Daniel D. O’Neill |
David L. Driscoll |
Jacob C. Gaffey |
Henry W. Mulholland |
Kathleen M. Berkery |
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of Investment
Companies(1) |
Over
$100,000 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation
From the Trust(1) |
Pension or Retirement Benefits
Accrued As Part of the Trust’s
Expenses |
Estimated Annual Benefits
Upon Retirement |
Aggregate Compensation
From the Direxion Family of
Investment Companies Paid
to the Trustees(2) |
Interested Trustee | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$106,875 |
$0 |
$0 |
$142,500 |
Jacob C. Gaffey |
$106,875 |
$0 |
$0 |
$142,500 |
Henry W. Mulholland |
$106,875 |
$0 |
$0 |
$142,500 |
Kathleen M. Berkery |
$106,875 |
$0 |
$0 |
$142,500 |
Accounts |
Total Number of Accounts |
Total Assets
(In Billions) |
Total Number of Accounts with
Performance Based Fees |
Total Assets of Accounts
with Performance Based Fees |
Registered Investment Companies |
[ ] |
$[ ] |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Australia |
Austria |
Belgium |
Brazil |
Canada |
Chile |
China |
January 3 January 26 April 15 April 18 April 25 June 13 December 26 December 27 |
April 15 April 18 June 6 October 26 December 26 December 30 |
April 15 April 18 December 26 |
February 28 March 1 March 2 April 15 April 21 June 16 September 7 October 12 November 2 November 15 December 30 |
January 3 February 21 April 15 May 23 July 1 August 1 September 5 September 30 October 10 November 11 December 26 December 27 |
April 15 June 21 June 27 August 15 September 19 October 10 October 31 November 1 December 8 December 23 December 30 |
January 3 January 17 January 31 February 1 February 2 February 3 February 4 February 21 April 4 April 5 April 15 April 18 May 2 May 3 May 4 May 9 May 30 June
3 July 1 July 4 September 5 September 12 October 3 October 4 October 5 October 6 October 7 October 10 November 11 November 24 December 26 December 27 |
Colombia |
Czech
Republic |
Denmark |
Egypt |
Finland |
France |
Germany |
January 10 March 21 April 14 April 15 May 30 June 20 June 27 July 4 July 20 August 15 October 17 November 7 November 14 December 8 |
April 15 April 18 July 5 July 6 September 28 October 28 November 17 December 26 |
April 14 April 15 April 18 May 13 May 26 May 27 June 6 December 26 |
January 9 January 27 April 24 April 25 May 1 May 2 May 3 July 8 July 9 July 10 July 23 July 30 October 6 October 8 |
January 6 April 15 April 18 May 26 June 24 December 6 December 26 |
April 15 April 18 December 26 |
April 15 April 18 December 26 December 30 |
Greece |
Hong
Kong |
Hungary |
India |
Indonesia |
Ireland |
Israel |
January 6 March 7 March 25 April 15 April 18 April 21 April 22 April 25 June 13 August 15 October 28 December 26 |
January 3 January 31 February 1 February 2 February 3 February 4 April 4 April 5 April 14 April 15 April 18 May 2 May 3 May 4 May 5 May 9 June 3 June
30 July 1 September 12 October 3 October 4 October 5 October 6 October 7 December 26 December 27 |
March 14 March 15 March 26 April 15 April 18 June 6 October 15 October 31 November 1 December 26 |
January 26 March 1 April 1 April 14 April 15 May 3 May 16 August 9 August 15 August 16 August 31 October 5 October 25 October 26 November 8 |
February 1 February 28 March 3 April 15 May 2 May 3 May 16 May 26 June 1 August 17 |
January 3 April 15 April 18 May 2 December 23 December 26 December 27 December 30 |
March 17 March 18 April 15 April 17 April 18 April 19 April 20 April 21 April 22 May 4 May 5 June 5 August 7 September 25 September 26 September 27 October 4 October
5 October 9 October 10 October 11 October 12 October 13 October 16 October 17 |
Italy |
Japan |
Malaysia |
Mexico |
Morocco |
Netherlands |
New
Zealand |
April 15 April 18 December 26 |
January 3 January 10 February 11 February 23 March 21 April 29 May 3 May 4 May 5 July 18 August 11 September 19 September 23 October 10 November 3 November 23 |
January 18 January 31 February 1 February 2 April 19 May 2 May 3 May 4 May 16 June 6 July 10 July 12 August 31 September 16 October 10 October 24 December 26 |
February 7 March 21 April 14 April 15 September 16 November 2 November 21 December 12 |
January 11 May 2 May 3 July 10 July 11 July 30 August 14 October 8 October 9 November 18 |
April 15 April 18 December 26 |
January 3 January 4 February 7 April 15 April 18 April 25 June 6 June 24 October 24 December 26 December 27 |
Norway |
Peru |
Philippines |
Poland |
Portugal |
Russia |
Singapore |
April 13 April 14 April 15 April 18 May 17 May 26 June 6 December 26 |
April 14 April 15 June 29 July 28 July 29 August 30 November 1 December 8 |
February 1 February 25 April 14 April 15 August 29 November 1 November 30 December 8 December 30 |
January 6 April 15 April 18 May 3 June 16 August 15 November 1 November 11 December 26 |
April 15 April 18 December 26 |
January 3 January 4 January 5 January 6 January 7 February 23 March 7 March 8 May 2 May 3 May 9 May 10 June 13 November 4 |
January 31 February 1 February 2 April 15 May 2 May 3 May 16 July 11 August 9 October 24 December 26 |
South
Africa |
South
Korea |
Spain |
Sweden |
Switzerland |
Taiwan |
Thailand |
March 21 April 15 April 18 April 27 May 2 June 16 August 9 December 16 December 26 |
January 31 February 1 February 2 March 1 March 9 May 5 June 1 June 6 August 15 September 9 September 12 October 3 October 10 December 30 |
April 15 April 18 December 26 |
January 5 January 6 April 14 April 15 April 18 May 25 May 26 June 6 June 24 November 4 December 26 |
April 15 April 18 May 26 June 6 August 1 December 26 |
January 22 January 27 January 28 January 31 February 1 February 2 February 3 February 4 February 28 April 4 April 5 May 2 June 3 September 9 October 10 |
January 3 February 16 April 6 April 13 April 14 April 15 May 2 May 4 May 16 June 3 July 13 July 28 July 29 August 12 October 13 October 14 October 24 December
5 December 12 |
Turkey |
United Kingdom |
May 1 May 2 May 3 May 4 May 19 July 8 July 9 July 10 July 11 July 12 July 15 August 30 October 28 |
January 3 April 15 April 18 May 2 June 2 June 3 August 29 December 23 December 26 December 27 December 30 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum
Additional
Charge for
Redemptions* |
Maximum
Additional
Charge for
Purchases* | ||
|
In-Kind |
Cash | |||
NSCC |
Outside NSCC |
Outside
NSCC | |||
Direxion Daily US Treasuries Bull 1.25X Shares |
$250 |
Up to 300%
of NSCC Amount |
$250 |
Up to 2.00% |
Up to 5.00% |
Direxion Daily US Treasuries Bear 1.25X Shares |
N/A |
N/A |
N/A |
Up to 2.00% |
Up to 5.00% |
1.5X BULL FUND |
1.5X BEAR FUND |
Direxion Daily US Treasuries Bull 1.5X Shares ( ) |
Direxion Daily US Treasuries Bear 1.5X Shares ( ) |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
150%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-90% |
-75.2% |
-76.9% |
-81.3% |
-85.4% |
-88.3% |
-50% |
-75% |
-65.2% |
-67.4% |
-73.0% |
-78.6% |
-82.6% |
-40% |
-60% |
-54.2% |
-56.9% |
-63.8% |
-70.8% |
-76.0% |
-30% |
-45% |
-42.2% |
-45.4% |
-53.6% |
-62.1% |
-68.8% |
-20% |
-30% |
-29.3% |
-33.1% |
-43.4% |
-53.2% |
-60.8% |
-10% |
-15% |
-15.6% |
-20.1% |
-32.0% |
-43.3% |
-52.2% |
0% |
0% |
-1.1% |
-6.4% |
-19.4% |
-33.3% |
-43.1% |
10% |
15% |
14.1% |
8.0% |
-7.6% |
-22.5% |
-33.6% |
20% |
30% |
30.0% |
23.0% |
6.2% |
-11.2% |
-23.5% |
30% |
45% |
46.5% |
38.5% |
18.2% |
-0.3% |
-13.3% |
40% |
60% |
63.6% |
54.6% |
33.2% |
10.7% |
-2.7% |
50% |
75% |
81.3% |
71.0% |
45.0% |
22.8% |
6.9% |
60% |
90% |
99.6% |
87.8% |
58.7% |
33.3% |
19.3% |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
150%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-50% |
75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-40% |
60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-30% |
45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-20% |
30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-10% |
15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
0% |
0% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
10% |
-15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
20% |
-30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
30% |
-45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
40% |
-60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
50% |
-75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
60% |
-90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Day |
Index Value |
Index Performance |
Value of Investment |
|
$100.00 |
|
$100.00 |
1 |
$108.00 |
8.00% |
$108.00 |
2 |
$100.00 |
-7.41% |
$100.00 |
Day |
Index Performance |
150% of Index Performance |
Value of Fund B Investment |
|
|
|
$100.00 |
1 |
8.00% |
12.0% |
$112.00 |
2 |
-7.41% |
-11.12% |
$99.551 |
Volatility
Range |
1.5X Bull Fund
Loss |
1.5X Bear Fund
Loss |
10% |
|
|
25% |
|
|
50% |
|
|
75% |
|
|
100% |
|
|
Index Move |
Resulting Exposure for a Bull Fund |
-5% |
|
-4% |
|
-3% |
|
-2% |
|
-1% |
|
0% |
|
1% |
|
2% |
|
3% |
|
4% |
|
5% |
|
Index Move |
Resulting Exposure for Bear Fund |
-20% |
|
-15% |
|
-10% |
|
-5% |
|
0% |
|
5% |
|
10% |
|
15% |
|
20% |
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
105 |
5.00% |
5.00% |
$107.50
|
7.50% |
7.50% |
|
|
|
Day 2 |
110 |
4.76% |
10.00% |
$115.18
|
7.14% |
15.18% |
|
|
|
Day 3 |
100 |
-9.09% |
0.00% |
$99.47 |
-13.64% |
-0.53% |
|
|
|
Day 4 |
90 |
-10.00% |
-10.00% |
$84.55 |
-15.00% |
-15.45% |
|
|
|
Day 5 |
85 |
-5.56% |
-15.00% |
$77.50 |
-8.34% |
-22.50% |
|
|
|
Day 6 |
100 |
17.65% |
0.00% |
$98.02 |
26.48% |
-1.98% |
|
|
|
Day 7 |
95 |
-5.00% |
-5.00% |
$90.67 |
-7.50% |
-9.33% |
|
|
|
Day 8 |
100 |
5.26% |
0.00% |
$97.82 |
7.89% |
-2.18% |
|
|
|
Day 9 |
105 |
5.00% |
5.00% |
$105.16
|
7.50% |
5.16% |
|
|
|
Day 10 |
100 |
-4.76% |
0.00% |
$97.65 |
-7.14% |
-2.35% |
|
|
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
102 |
2.00% |
2.00% |
$103.00
|
3.00% |
3.00% |
|
|
|
Day 2 |
104 |
1.96% |
4.00% |
$106.03
|
2.94% |
6.03% |
|
|
|
Day 3 |
106 |
1.92% |
6.00% |
$109.08
|
2.88% |
9.08% |
|
|
|
Day 4 |
108 |
1.89% |
8.00% |
$112.17
|
2.84% |
12.17% |
|
|
|
Day 5 |
110 |
1.85% |
10.00% |
$115.29
|
2.78% |
15.29% |
|
|
|
Day 6 |
112 |
1.82% |
12.00% |
$118.43
|
2.73% |
18.43% |
|
|
|
Day 7 |
114 |
1.79% |
14.00% |
$121.61
|
2.69% |
21.61% |
|
|
|
Day 8 |
116 |
1.75% |
16.00% |
$124.81
|
2.63% |
24.81% |
|
|
|
Day 9 |
118 |
1.72% |
18.00% |
$128.03
|
2.58% |
28.03% |
|
|
|
Day 10 |
120 |
1.69% |
20.00% |
$131.27
|
2.54% |
31.27% |
|
|
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
98 |
-2.00% |
-2.00% |
$97.00 |
-3.00% |
-3.00% |
|
|
|
Day 2 |
96 |
-2.04% |
-4.00% |
$94.03 |
-3.06% |
-5.97% |
|
|
|
Day 3 |
94 |
-2.08% |
-6.00% |
$91.10 |
-3.12% |
-8.90% |
|
|
|
Day 4 |
92 |
-2.13% |
-8.00% |
$88.19 |
-3.20% |
-11.81% |
|
|
|
Day 5 |
90 |
-2.17% |
-10.00% |
$85.32 |
-3.26% |
-14.68% |
|
|
|
Day 6 |
88 |
-2.22% |
-12.00% |
$82.48 |
-3.33% |
-17.52% |
|
|
|
Day 7 |
86 |
-2.27% |
-14.00% |
$79.67 |
-3.41% |
-20.33% |
|
|
|
Day 8 |
84 |
-2.33% |
-16.00% |
$76.88 |
-3.50% |
-23.12% |
|
|
|
Day 9 |
82 |
-2.38% |
-18.00% |
$74.14 |
-3.57% |
-25.86% |
|
|
|
Day 10 |
80 |
-2.44% |
-20.00% |
$71.42 |
-3.66% |
-28.58% |
|
|
|
|
|
|
|
Direxion Daily US Treasuries Bull 1.5X Shares |
Direxion Daily US Treasuries Bear 1.5X Shares |
Investment Strategy Risk |
X |
X |
Futures Strategy Risk |
X |
X |
Effects of Compounding and Market Volatility Risk |
X |
X |
Leverage Risk |
X |
X |
Derivatives Risk |
X |
X |
Counterparty Risk |
X |
X |
Rebalancing Risk |
X |
X |
Intra-Day Investment Risk |
X |
X |
Daily Index Correlation/Tracking Risk |
X |
|
Daily Inverse Index Correlation/Tracking Risk |
|
X |
Cash Transaction Risk |
X |
X |
Shorting Risk |
|
X |
Credit Risk |
X |
X |
Interest Rate Risk |
X |
X |
U.S. Government Securities Risk |
X |
X |
Natural Disaster/Epidemic and Market Disruption Risk |
X |
X |
Market Risk |
X |
X |
Index Strategy Risk |
X |
X |
Liquidity Risk |
X |
X |
Early Close/Trading Halt Risk |
X |
X |
High Portfolio Turnover Risk |
X |
X |
Non-Diversification Risk |
X |
X |
Special Risks of Exchange-Traded Funds |
X |
X |
One
Year
Index |
150%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-90% |
-75.2% |
-76.9% |
-81.3% |
-85.4% |
-88.3% |
-50% |
-75% |
-65.2% |
-67.4% |
-73.0% |
-78.6% |
-82.6% |
-40% |
-60% |
-54.2% |
-56.9% |
-63.8% |
-70.8% |
-76.0% |
-30% |
-45% |
-42.2% |
-45.4% |
-53.6% |
-62.1% |
-68.8% |
-20% |
-30% |
-29.3% |
-33.1% |
-43.4% |
-53.2% |
-60.8% |
-10% |
-15% |
-15.6% |
-20.1% |
-32.0% |
-43.3% |
-52.2% |
0% |
0% |
-1.1% |
-6.4% |
-19.4% |
-33.3% |
-43.1% |
10% |
15% |
14.1% |
8.0% |
-7.6% |
-22.5% |
-33.6% |
20% |
30% |
30.0% |
23.0% |
6.2% |
-11.2% |
-23.5% |
30% |
45% |
46.5% |
38.5% |
18.2% |
-0.3% |
-13.3% |
40% |
60% |
63.6% |
54.6% |
33.2% |
10.7% |
-2.7% |
50% |
75% |
81.3% |
71.0% |
45.0% |
22.8% |
6.9% |
60% |
90% |
99.6% |
87.8% |
58.7% |
33.3% |
19.3% |
One
Year
Index |
150%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-50% |
75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-40% |
60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-30% |
45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-20% |
30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-10% |
15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
0% |
0% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
10% |
-15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
20% |
-30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
30% |
-45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
40% |
-60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
50% |
-75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
60% |
-90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
Fund |
Symbol |
Direxion Daily US Treasuries Bull 1.5X Shares |
|
Direxion Daily US Treasuries Bear 1.5X Shares |
|
Write to: |
Direxion Shares ETF Trust |
|
|
Call: |
(866) 476-7523 |
By Internet: |
1.5X BULL FUND |
1.5X BEAR FUND |
Direxion Daily US Treasuries Bull 1.5X Shares ( ) |
Direxion Daily US Treasuries Bear 1.5X Shares ( ) |
|
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57 | |
60 | |
61 | |
61 | |
61 | |
62 | |
62 | |
66 | |
A-1 |
Fund |
Underlying Index |
Daily Leveraged
Investment Objective |
Direxion Daily US Treasuries Bull 1.5X Shares |
S&P 10-Year U.S. Treasury Note Futures Index |
150% |
Direxion Daily US Treasuries Bear 1.5X Shares |
-150% |
One
Year
Index |
150%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-90% |
-75.2% |
-76.9% |
-81.3% |
-85.4% |
-88.3% |
-50% |
-75% |
-65.2% |
-67.4% |
-73.0% |
-78.6% |
-82.6% |
-40% |
-60% |
-54.2% |
-56.9% |
-63.8% |
-70.8% |
-76.0% |
-30% |
-45% |
-42.2% |
-45.4% |
-53.6% |
-62.1% |
-68.8% |
-20% |
-30% |
-29.3% |
-33.1% |
-43.4% |
-53.2% |
-60.8% |
-10% |
-15% |
-15.6% |
-20.1% |
-32.0% |
-43.3% |
-52.2% |
0% |
0% |
-1.1% |
-6.4% |
-19.4% |
-33.3% |
-43.1% |
10% |
15% |
14.1% |
8.0% |
-7.6% |
-22.5% |
-33.6% |
20% |
30% |
30.0% |
23.0% |
6.2% |
-11.2% |
-23.5% |
30% |
45% |
46.5% |
38.5% |
18.2% |
-0.3% |
-13.3% |
40% |
60% |
63.6% |
54.6% |
33.2% |
10.7% |
-2.7% |
50% |
75% |
81.3% |
71.0% |
45.0% |
22.8% |
6.9% |
60% |
90% |
99.6% |
87.8% |
58.7% |
33.3% |
19.3% |
One
Year
Index |
150%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-50% |
75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-40% |
60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-30% |
45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-20% |
30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-10% |
15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
0% |
0% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
10% |
-15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
20% |
-30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
30% |
-45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
40% |
-60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
50% |
-75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
60% |
-90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
Daniel D. O’Neill(1)
Age: 53 |
Chairman of the Board of
Trustees |
Lifetime of Trust until
removal or resignation; Since 2008
|
Chief Executive Officer,
Rafferty Asset
Management,
LLC, since 2021;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
– January
2019. |
[ ] |
None. |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(3)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
David L. Driscoll
Age: 52 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Partner, King
Associates, LLP,
since 2004; Board
Advisor, University
Common Real
Estate, since 2012;
Principal, Grey
Oaks LLP, since
2003; Member,
Kendrick LLC,
since 2006.
|
[ ] |
None. |
Jacob C. Gaffey
Age: 74 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Managing
Director, Loomis &
Co., 2012-2019.
|
[ ] |
None. |
Henry W. Mulholland
Age: 58 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2017 |
Managing
Partner, Grove Hill
Partners LLC, since
2016. |
[ ] |
None. |
Kathleen M. Berkery Age: 54 |
Trustee |
Lifetime of Trust until
removal or resignation; Since
2019 |
Chief Financial Officer,
Student Sponsor Partners,
since November
2021; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, since 2018;
Financial Advisor,
Lee, Nolan &
Koroghlian Life
Planning Group,
2010-2017.
|
[ ] |
None. |
Name, Address and Age |
Position(s) Held with
Fund |
Term of Office and
Length of Time Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in the
Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships Held
by Trustee During Past Five Years |
Daniel D. O’Neill(1)
Age: 53 |
Chief Executive
Officer |
One Year;
Since 2021 |
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, since 2021;
Managing
Director of
Rafferty Asset
Management,
LLC, January 1999
– January
2019. |
N/A |
N/A |
Age: 48 |
Principal Executive
Officer
|
One Year;
Since 2018 |
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A |
N/A |
Angela Brickl
Age: 45 |
Chief Compliance
Officer
Secretary |
One Year;
Since 2018
One Year;
Since 2011 |
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, since
September 2012.
|
N/A |
N/A |
Corey Noltner Age: 32 |
Principal Financial
Officer |
One Year; Since
2021 |
Senior Business Analyst,
Rafferty Asset
Management,
LLC, since October
2015. |
N/A |
N/A |
Dollar Range of Equity
Securities Owned: |
Interested
Trustee: |
Independent Trustees: | |||
|
Daniel D. O’Neill |
David L. Driscoll |
Jacob C. Gaffey |
Henry W. Mulholland |
Kathleen M. Berkery |
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of Investment
Companies(1) |
Over
$100,000 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation
From the Trust(1) |
Pension or Retirement Benefits
Accrued As Part of the Trust’s
Expenses |
Estimated Annual Benefits
Upon Retirement |
Aggregate Compensation
From the Direxion Family of
Investment Companies Paid
to the Trustees(2) |
Interested Trustee | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$106,875 |
$0 |
$0 |
$142,500 |
Jacob C. Gaffey |
$106,875 |
$0 |
$0 |
$142,500 |
Henry W. Mulholland |
$106,875 |
$0 |
$0 |
$142,500 |
Kathleen M. Berkery |
$106,875 |
$0 |
$0 |
$142,500 |
Accounts |
Total Number of Accounts |
Total Assets
(In Billions) |
Total Number of Accounts with
Performance Based Fees |
Total Assets of Accounts
with Performance Based Fees |
Registered Investment Companies |
[ ] |
$[ ] |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Australia |
Austria |
Belgium |
Brazil |
Canada |
Chile |
China |
January 3 January 26 April 15 April 18 April 25 June 13 December 26 December 27 |
April 15 April 18 June 6 October 26 December 26 December 30 |
April 15 April 18 December 26 |
February 28 March 1 March 2 April 15 April 21 June 16 September 7 October 12 November 2 November 15 December 30 |
January 3 February 21 April 15 May 23 July 1 August 1 September 5 September 30 October 10 November 11 December 26 December 27 |
April 15 June 21 June 27 August 15 September 19 October 10 October 31 November 1 December 8 December 23 December 30 |
January 3 January 17 January 31 February 1 February 2 February 3 February 4 February 21 April 4 April 5 April 15 April 18 May 2 May 3 May 4 May 9 May 30 June
3 July 1 July 4 September 5 September 12 October 3 October 4 October 5 October 6 October 7 October 10 November 11 November 24 December 26 December 27 |
Colombia |
Czech
Republic |
Denmark |
Egypt |
Finland |
France |
Germany |
January 10 March 21 April 14 April 15 May 30 June 20 June 27 July 4 July 20 August 15 October 17 November 7 November 14 December 8 |
April 15 April 18 July 5 July 6 September 28 October 28 November 17 December 26 |
April 14 April 15 April 18 May 13 May 26 May 27 June 6 December 26 |
January 9 January 27 April 24 April 25 May 1 May 2 May 3 July 8 July 9 July 10 July 23 July 30 October 6 October 8 |
January 6 April 15 April 18 May 26 June 24 December 6 December 26 |
April 15 April 18 December 26 |
April 15 April 18 December 26 December 30 |
Greece |
Hong
Kong |
Hungary |
India |
Indonesia |
Ireland |
Israel |
January 6 March 7 March 25 April 15 April 18 April 21 April 22 April 25 June 13 August 15 October 28 December 26 |
January 3 January 31 February 1 February 2 February 3 February 4 April 4 April 5 April 14 April 15 April 18 May 2 May 3 May 4 May 5 May 9 June 3 June
30 July 1 September 12 October 3 October 4 October 5 October 6 October 7 December 26 December 27 |
March 14 March 15 March 26 April 15 April 18 June 6 October 15 October 31 November 1 December 26 |
January 26 March 1 April 1 April 14 April 15 May 3 May 16 August 9 August 15 August 16 August 31 October 5 October 25 October 26 November 8 |
February 1 February 28 March 3 April 15 May 2 May 3 May 16 May 26 June 1 August 17 |
January 3 April 15 April 18 May 2 December 23 December 26 December 27 December 30 |
March 17 March 18 April 15 April 17 April 18 April 19 April 20 April 21 April 22 May 4 May 5 June 5 August 7 September 25 September 26 September 27 October 4 October
5 October 9 October 10 October 11 October 12 October 13 October 16 October 17 |
Italy |
Japan |
Malaysia |
Mexico |
Morocco |
Netherlands |
New
Zealand |
April 15 April 18 December 26 |
January 3 January 10 February 11 February 23 March 21 April 29 May 3 May 4 May 5 July 18 August 11 September 19 September 23 October 10 November 3 November 23 |
January 18 January 31 February 1 February 2 April 19 May 2 May 3 May 4 May 16 June 6 July 10 July 12 August 31 September 16 October 10 October 24 December 26 |
February 7 March 21 April 14 April 15 September 16 November 2 November 21 December 12 |
January 11 May 2 May 3 July 10 July 11 July 30 August 14 October 8 October 9 November 18 |
April 15 April 18 December 26 |
January 3 January 4 February 7 April 15 April 18 April 25 June 6 June 24 October 24 December 26 December 27 |
Norway |
Peru |
Philippines |
Poland |
Portugal |
Russia |
Singapore |
April 13 April 14 April 15 April 18 May 17 May 26 June 6 December 26 |
April 14 April 15 June 29 July 28 July 29 August 30 November 1 December 8 |
February 1 February 25 April 14 April 15 August 29 November 1 November 30 December 8 December 30 |
January 6 April 15 April 18 May 3 June 16 August 15 November 1 November 11 December 26 |
April 15 April 18 December 26 |
January 3 January 4 January 5 January 6 January 7 February 23 March 7 March 8 May 2 May 3 May 9 May 10 June 13 November 4 |
January 31 February 1 February 2 April 15 May 2 May 3 May 16 July 11 August 9 October 24 December 26 |
South
Africa |
South
Korea |
Spain |
Sweden |
Switzerland |
Taiwan |
Thailand |
March 21 April 15 April 18 April 27 May 2 June 16 August 9 December 16 December 26 |
January 31 February 1 February 2 March 1 March 9 May 5 June 1 June 6 August 15 September 9 September 12 October 3 October 10 December 30 |
April 15 April 18 December 26 |
January 5 January 6 April 14 April 15 April 18 May 25 May 26 June 6 June 24 November 4 December 26 |
April 15 April 18 May 26 June 6 August 1 December 26 |
January 22 January 27 January 28 January 31 February 1 February 2 February 3 February 4 February 28 April 4 April 5 May 2 June 3 September 9 October 10 |
January 3 February 16 April 6 April 13 April 14 April 15 May 2 May 4 May 16 June 3 July 13 July 28 July 29 August 12 October 13 October 14 October 24 December
5 December 12 |
Turkey |
United Kingdom |
May 1 May 2 May 3 May 4 May 19 July 8 July 9 July 10 July 11 July 12 July 15 August 30 October 28 |
January 3 April 15 April 18 May 2 June 2 June 3 August 29 December 23 December 26 December 27 December 30 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum
Additional
Charge for
Redemptions* |
Maximum
Additional
Charge for
Purchases* | ||
|
In-Kind |
Cash | |||
NSCC |
Outside NSCC |
Outside
NSCC | |||
Direxion Daily US Treasuries Bull 1.5X Shares |
$250 |
Up to 300%
of NSCC Amount |
$250 |
Up to 2.00% |
Up to 5.00% |
Direxion Daily US Treasuries Bear 1.5X Shares |
N/A |
N/A |
N/A |
Up to 2.00% |
Up to 5.00% |
1.75X BULL FUND |
1.75X BEAR FUND |
Direxion Daily US Treasuries Bull 1.75X Shares ( ) |
Direxion Daily US Treasuries Bear 1.75X Shares ( ) |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
175%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-105% |
|
|
|
|
|
-50% |
-87.5% |
|
|
|
|
|
-40% |
-70% |
|
|
|
|
|
-30% |
-52.5% |
|
|
|
|
|
-20% |
-35% |
|
|
|
|
|
-10% |
-17.5% |
|
|
|
|
|
0% |
0% |
|
|
|
|
|
10% |
17.5% |
|
|
|
|
|
20% |
35% |
|
|
|
|
|
30% |
52.5% |
|
|
|
|
|
40% |
70% |
|
|
|
|
|
50% |
87.5% |
|
|
|
|
|
60% |
105% |
|
|
|
|
|
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
-200%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
120% |
506.5% |
418.1% |
195.2% |
15.6% |
-68.9% |
-50% |
100% |
288.2% |
231.6% |
88.9% |
-26.0% |
-80.1% |
-40% |
80% |
169.6% |
130.3% |
31.2% |
-48.6% |
-86.2% |
-30% |
60% |
98.1% |
69.2% |
-3.6% |
-62.2% |
-89.8% |
-20% |
40% |
51.6% |
29.5% |
-26.2% |
-71.1% |
-92.2% |
-10% |
20% |
19.8% |
2.3% |
-41.7% |
-77.2% |
-93.9% |
0% |
0% |
-3.0% |
-17.1% |
-52.8% |
-81.5% |
-95.0% |
10% |
-20% |
-19.8% |
-31.5% |
-61.0% |
-84.7% |
-95.9% |
20% |
-40% |
-32.6% |
-42.4% |
-67.2% |
-87.2% |
-96.5% |
30% |
-60% |
-42.6% |
-50.9% |
-72.0% |
-89.1% |
-97.1% |
40% |
-80% |
-50.5% |
-57.7% |
-75.9% |
-90.6% |
-97.5% |
50% |
-100% |
-56.9% |
-63.2% |
-79.0% |
-91.8% |
-97.8% |
60% |
-120% |
-62.1% |
-67.6% |
-81.5% |
-92.8% |
-98.1% |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Day |
Index Value |
Index Performance |
Value of Investment |
|
$100.00 |
|
$100.00 |
1 |
$108.00 |
8.00% |
$108.00 |
2 |
$100.00 |
-7.41% |
$100.00 |
Day |
Index Performance |
175% of Index Performance |
Value of Investment |
|
|
|
$100.00 |
1 |
8.00% |
14.0% |
$140.00 |
2 |
-7.41% |
-12.97% |
$121.82 |
Volatility
Range |
1.75X Bull Fund
Loss |
1.75X Bear Fund
Loss |
10% |
|
|
25% |
|
|
50% |
|
|
75% |
|
|
100% |
|
|
Index Move |
Resulting Exposure for a Bull Fund |
-5% |
|
-4% |
|
-3% |
|
-2% |
|
-1% |
|
0% |
|
1% |
|
2% |
|
3% |
|
4% |
|
5% |
|
Index Move |
Resulting Exposure for Bear Fund |
-20% |
|
-15% |
|
-10% |
|
-5% |
|
0% |
|
5% |
|
10% |
|
15% |
|
20% |
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
|
|
|
|
|
|
Day 1 |
105 |
5.00% |
5.00% |
|
|
|
|
|
|
Day 2 |
110 |
4.76% |
10.00% |
|
|
|
|
|
|
Day 3 |
100 |
-9.09% |
0.00% |
|
|
|
|
|
|
Day 4 |
90 |
-10.00% |
-10.00% |
|
|
|
|
|
|
Day 5 |
85 |
-5.56% |
-15.00% |
|
|
|
|
|
|
Day 6 |
100 |
17.65% |
0.00% |
|
|
|
|
|
|
Day 7 |
95 |
-5.00% |
-5.00% |
|
|
|
|
|
|
Day 8 |
100 |
5.26% |
0.00% |
|
|
|
|
|
|
Day 9 |
105 |
5.00% |
5.00% |
|
|
|
|
|
|
Day 10 |
100 |
-4.76% |
0.00% |
|
|
|
|
|
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
102 |
2.00% |
2.00% |
|
|
|
|
|
|
Day 2 |
104 |
1.96% |
4.00% |
|
|
|
|
|
|
Day 3 |
106 |
1.92% |
6.00% |
|
|
|
|
|
|
Day 4 |
108 |
1.89% |
8.00% |
|
|
|
|
|
|
Day 5 |
110 |
1.85% |
10.00% |
|
|
|
|
|
|
Day 6 |
112 |
1.82% |
12.00% |
|
|
|
|
|
|
Day 7 |
114 |
1.79% |
14.00% |
|
|
|
|
|
|
Day 8 |
116 |
1.75% |
16.00% |
|
|
|
|
|
|
Day 9 |
118 |
1.72% |
18.00% |
|
|
|
|
|
|
Day 10 |
120 |
1.69% |
20.00% |
|
|
|
|
|
|
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
|
|
|
Day 1 |
98 |
-2.00% |
-2.00% |
|
|
|
|
|
|
Day 2 |
96 |
-2.04% |
-4.00% |
|
|
|
|
|
|
Day 3 |
94 |
-2.08% |
-6.00% |
|
|
|
|
|
|
Day 4 |
92 |
-2.13% |
-8.00% |
|
|
|
|
|
|
Day 5 |
90 |
-2.17% |
-10.00% |
|
|
|
|
|
|
Day 6 |
88 |
-2.22% |
-12.00% |
|
|
|
|
|
|
Day 7 |
86 |
-2.27% |
-14.00% |
|
|
|
|
|
|
Day 8 |
84 |
-2.33% |
-16.00% |
|
|
|
|
|
|
Day 9 |
82 |
-2.38% |
-18.00% |
|
|
|
|
|
|
Day 10 |
80 |
-2.44% |
-20.00% |
|
|
|
|
|
|
|
|
|
|
Direxion Daily US Treasuries Bull 1.75X Shares |
Direxion Daily US Treasuries Bear 1.75X Shares |
Investment Strategy Risk |
X |
X |
Futures Strategy Risk |
X |
X |
Effects of Compounding and Market Volatility Risk |
X |
X |
Leverage Risk |
X |
X |
Derivatives Risk |
X |
X |
Counterparty Risk |
X |
X |
Rebalancing Risk |
X |
X |
Intra-Day Investment Risk |
X |
X |
Daily Index Correlation/Tracking Risk |
X |
|
Daily Inverse Index Correlation/Tracking Risk |
|
X |
Cash Transaction Risk |
X |
X |
Shorting Risk |
|
X |
Credit Risk |
X |
X |
Interest Rate Risk |
X |
X |
U.S. Government Securities Risk |
X |
X |
Natural Disaster/Epidemic and Market Disruption Risk |
X |
X |
Market Risk |
X |
X |
Index Strategy Risk |
X |
X |
Liquidity Risk |
X |
X |
Early Close/Trading Halt Risk |
X |
X |
High Portfolio Turnover Risk |
X |
X |
Non-Diversification Risk |
X |
X |
Special Risks of Exchange-Traded Funds |
X |
X |
One
Year
Index |
175%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-105% |
|
|
|
|
|
-50% |
-87.5% |
|
|
|
|
|
-40% |
-70% |
|
|
|
|
|
-30% |
-52.5% |
|
|
|
|
|
-20% |
-35% |
|
|
|
|
|
-10% |
-17.5% |
|
|
|
|
|
0% |
0% |
|
|
|
|
|
10% |
17.5% |
|
|
|
|
|
20% |
35% |
|
|
|
|
|
30% |
52.5% |
|
|
|
|
|
40% |
70% |
|
|
|
|
|
50% |
87.5% |
|
|
|
|
|
60% |
105% |
|
|
|
|
|
One
Year
Index |
-175%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-50% |
75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-40% |
60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-30% |
45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-20% |
30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-10% |
15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
0% |
0% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
10% |
-15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
20% |
-30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
30% |
-45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
40% |
-60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
50% |
-75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
60% |
-90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
Fund |
Symbol |
Direxion Daily US Treasuries Bull 1.75X Shares |
|
Direxion Daily US Treasuries Bear 1.75X Shares |
|
Write to: |
Direxion Shares ETF Trust |
|
|
Call: |
(866) 476-7523 |
By Internet: |
1.75X BULL FUND |
1.75X BEAR FUND |
Direxion Daily US Treasuries Bull 1.75X Shares ( ) |
Direxion Daily US Treasuries Bear 1.75X Shares ( ) |
|
Page |
3 | |
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4 | |
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6 | |
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7 | |
8 | |
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11 | |
18 | |
19 | |
19 | |
20 | |
20 | |
21 | |
22 | |
22 | |
27 | |
28 | |
29 | |
29 | |
29 | |
29 | |
30 | |
34 | |
34 | |
35 | |
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41 | |
41 |
|
Page |
42 | |
44 | |
44 | |
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47 | |
48 | |
49 | |
49 | |
49 | |
50 | |
50 | |
50 | |
51 | |
51 | |
51 | |
52 | |
53 | |
53 | |
54 | |
55 | |
55 | |
55 | |
55 | |
56 | |
56 | |
57 | |
57 | |
60 | |
61 | |
61 | |
61 | |
62 | |
62 | |
66 | |
A-1 |
Fund |
Underlying Index |
Daily Leveraged
Investment Objective |
Direxion Daily US Treasuries Bull 1.75X Shares |
S&P 10-Year U.S. Treasury Note Futures Index |
175% |
Direxion Daily US Treasuries Bear 1.75X Shares |
-175% |
One
Year
Index |
175%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-105% |
|
|
|
|
|
-50% |
-87.5% |
|
|
|
|
|
-40% |
-70% |
|
|
|
|
|
-30% |
-52.5% |
|
|
|
|
|
-20% |
-35% |
|
|
|
|
|
-10% |
-17.5% |
|
|
|
|
|
0% |
0% |
|
|
|
|
|
10% |
17.5% |
|
|
|
|
|
20% |
35% |
|
|
|
|
|
30% |
52.5% |
|
|
|
|
|
40% |
70% |
|
|
|
|
|
50% |
87.5% |
|
|
|
|
|
60% |
105% |
|
|
|
|
|
One
Year
Index |
-175%
One
Year
Index |
Volatility Rate | ||||
Return |
Simple Return |
10% |
25% |
50% |
75% |
100% |
-60% |
90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-50% |
75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-40% |
60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-30% |
45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-20% |
30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
-10% |
15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
0% |
0% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
10% |
-15% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
20% |
-30% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
30% |
-45% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
40% |
-60% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
50% |
-75% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
60% |
-90% |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
Daniel D. O’Neill(1)
Age: 53 |
Chairman of the Board of
Trustees |
Lifetime of Trust until
removal or resignation; Since 2008
|
Chief Executive Officer,
Rafferty Asset
Management,
LLC, since 2021;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
– January
2019. |
[ ] |
None. |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(3)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
David L. Driscoll
Age: 52 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Partner, King
Associates, LLP,
since 2004; Board
Advisor, University
Common Real
Estate, since 2012;
Principal, Grey
Oaks LLP, since
2003; Member,
Kendrick LLC,
since 2006.
|
[ ] |
None. |
Jacob C. Gaffey
Age: 74 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Managing
Director, Loomis &
Co., 2012-2019.
|
[ ] |
None. |
Henry W. Mulholland
Age: 58 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2017 |
Managing
Partner, Grove Hill
Partners LLC, since
2016. |
[ ] |
None. |
Kathleen M. Berkery Age: 54 |
Trustee |
Lifetime of Trust until
removal or resignation; Since
2019 |
Chief Financial Officer,
Student Sponsor Partners,
since November
2021; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, since 2018;
Financial Advisor,
Lee, Nolan &
Koroghlian Life
Planning Group,
2010-2017.
|
[ ] |
None. |
Name, Address and Age |
Position(s) Held with
Fund |
Term of Office and
Length of Time Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in the
Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships Held
by Trustee During Past Five Years |
Daniel D. O’Neill(1)
Age: 53 |
Chief Executive
Officer |
One Year;
Since 2021 |
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, since 2021;
Managing
Director of
Rafferty Asset
Management,
LLC, January 1999
– January
2019. |
N/A |
N/A |
Age: 48 |
Principal Executive
Officer
|
One Year;
Since 2018 |
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A |
N/A |
Angela Brickl
Age: 45 |
Chief Compliance
Officer
Secretary |
One Year;
Since 2018
One Year;
Since 2011 |
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, since
September 2012.
|
N/A |
N/A |
Corey Noltner Age: 32 |
Principal Financial
Officer |
One Year; Since
2021 |
Senior Business Analyst,
Rafferty Asset
Management,
LLC, since October
2015. |
N/A |
N/A |
Dollar Range of Equity
Securities Owned: |
Interested
Trustee: |
Independent Trustees: | |||
|
Daniel D. O’Neill |
David L. Driscoll |
Jacob C. Gaffey |
Henry W. Mulholland |
Kathleen M. Berkery |
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of Investment
Companies(1) |
Over
$100,000 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation
From the Trust(1) |
Pension or Retirement Benefits
Accrued As Part of the Trust’s
Expenses |
Estimated Annual Benefits
Upon Retirement |
Aggregate Compensation
From the Direxion Family of
Investment Companies Paid
to the Trustees(2) |
Interested Trustee | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$106,875 |
$0 |
$0 |
$142,500 |
Jacob C. Gaffey |
$106,875 |
$0 |
$0 |
$142,500 |
Henry W. Mulholland |
$106,875 |
$0 |
$0 |
$142,500 |
Kathleen M. Berkery |
$106,875 |
$0 |
$0 |
$142,500 |
Accounts |
Total Number of Accounts |
Total Assets
(In Billions) |
Total Number of Accounts with
Performance Based Fees |
Total Assets of Accounts
with Performance Based Fees |
Registered Investment Companies |
[ ] |
$[ ] |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Australia |
Austria |
Belgium |
Brazil |
Canada |
Chile |
China |
January 3 January 26 April 15 April 18 April 25 June 13 December 26 December 27 |
April 15 April 18 June 6 October 26 December 26 December 30 |
April 15 April 18 December 26 |
February 28 March 1 March 2 April 15 April 21 June 16 September 7 October 12 November 2 November 15 December 30 |
January 3 February 21 April 15 May 23 July 1 August 1 September 5 September 30 October 10 November 11 December 26 December 27 |
April 15 June 21 June 27 August 15 September 19 October 10 October 31 November 1 December 8 December 23 December 30 |
January 3 January 17 January 31 February 1 February 2 February 3 February 4 February 21 April 4 April 5 April 15 April 18 May 2 May 3 May 4 May 9 May 30 June
3 July 1 July 4 September 5 September 12 October 3 October 4 October 5 October 6 October 7 October 10 November 11 November 24 December 26 December 27 |
Colombia |
Czech
Republic |
Denmark |
Egypt |
Finland |
France |
Germany |
January 10 March 21 April 14 April 15 May 30 June 20 June 27 July 4 July 20 August 15 October 17 November 7 November 14 December 8 |
April 15 April 18 July 5 July 6 September 28 October 28 November 17 December 26 |
April 14 April 15 April 18 May 13 May 26 May 27 June 6 December 26 |
January 9 January 27 April 24 April 25 May 1 May 2 May 3 July 8 July 9 July 10 July 23 July 30 October 6 October 8 |
January 6 April 15 April 18 May 26 June 24 December 6 December 26 |
April 15 April 18 December 26 |
April 15 April 18 December 26 December 30 |
Greece |
Hong
Kong |
Hungary |
India |
Indonesia |
Ireland |
Israel |
January 6 March 7 March 25 April 15 April 18 April 21 April 22 April 25 June 13 August 15 October 28 December 26 |
January 3 January 31 February 1 February 2 February 3 February 4 April 4 April 5 April 14 April 15 April 18 May 2 May 3 May 4 May 5 May 9 June 3 June
30 July 1 September 12 October 3 October 4 October 5 October 6 October 7 December 26 December 27 |
March 14 March 15 March 26 April 15 April 18 June 6 October 15 October 31 November 1 December 26 |
January 26 March 1 April 1 April 14 April 15 May 3 May 16 August 9 August 15 August 16 August 31 October 5 October 25 October 26 November 8 |
February 1 February 28 March 3 April 15 May 2 May 3 May 16 May 26 June 1 August 17 |
January 3 April 15 April 18 May 2 December 23 December 26 December 27 December 30 |
March 17 March 18 April 15 April 17 April 18 April 19 April 20 April 21 April 22 May 4 May 5 June 5 August 7 September 25 September 26 September 27 October 4 October
5 October 9 October 10 October 11 October 12 October 13 October 16 October 17 |
Italy |
Japan |
Malaysia |
Mexico |
Morocco |
Netherlands |
New
Zealand |
April 15 April 18 December 26 |
January 3 January 10 February 11 February 23 March 21 April 29 May 3 May 4 May 5 July 18 August 11 September 19 September 23 October 10 November 3 November 23 |
January 18 January 31 February 1 February 2 April 19 May 2 May 3 May 4 May 16 June 6 July 10 July 12 August 31 September 16 October 10 October 24 December 26 |
February 7 March 21 April 14 April 15 September 16 November 2 November 21 December 12 |
January 11 May 2 May 3 July 10 July 11 July 30 August 14 October 8 October 9 November 18 |
April 15 April 18 December 26 |
January 3 January 4 February 7 April 15 April 18 April 25 June 6 June 24 October 24 December 26 December 27 |
Norway |
Peru |
Philippines |
Poland |
Portugal |
Russia |
Singapore |
April 13 April 14 April 15 April 18 May 17 May 26 June 6 December 26 |
April 14 April 15 June 29 July 28 July 29 August 30 November 1 December 8 |
February 1 February 25 April 14 April 15 August 29 November 1 November 30 December 8 December 30 |
January 6 April 15 April 18 May 3 June 16 August 15 November 1 November 11 December 26 |
April 15 April 18 December 26 |
January 3 January 4 January 5 January 6 January 7 February 23 March 7 March 8 May 2 May 3 May 9 May 10 June 13 November 4 |
January 31 February 1 February 2 April 15 May 2 May 3 May 16 July 11 August 9 October 24 December 26 |
South
Africa |
South
Korea |
Spain |
Sweden |
Switzerland |
Taiwan |
Thailand |
March 21 April 15 April 18 April 27 May 2 June 16 August 9 December 16 December 26 |
January 31 February 1 February 2 March 1 March 9 May 5 June 1 June 6 August 15 September 9 September 12 October 3 October 10 December 30 |
April 15 April 18 December 26 |
January 5 January 6 April 14 April 15 April 18 May 25 May 26 June 6 June 24 November 4 December 26 |
April 15 April 18 May 26 June 6 August 1 December 26 |
January 22 January 27 January 28 January 31 February 1 February 2 February 3 February 4 February 28 April 4 April 5 May 2 June 3 September 9 October 10 |
January 3 February 16 April 6 April 13 April 14 April 15 May 2 May 4 May 16 June 3 July 13 July 28 July 29 August 12 October 13 October 14 October 24 December
5 December 12 |
Turkey |
United Kingdom |
May 1 May 2 May 3 May 4 May 19 July 8 July 9 July 10 July 11 July 12 July 15 August 30 October 28 |
January 3 April 15 April 18 May 2 June 2 June 3 August 29 December 23 December 26 December 27 December 30 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum
Additional
Charge for
Redemptions* |
Maximum
Additional
Charge for
Purchases* | ||
|
In-Kind |
Cash | |||
NSCC |
Outside NSCC |
Outside
NSCC | |||
Direxion Daily US Treasuries Bull 1.75X Shares |
$250 |
Up to 300%
of NSCC Amount |
$250 |
Up to 2.00% |
Up to 5.00% |
Direxion Daily US Treasuries Bear 1.75X Shares |
N/A |
N/A |
N/A |
Up to 2.00% |
Up to 5.00% |
2X BULL FUND |
2X BEAR FUND |
Direxion Daily US Treasuries Bull 2X Shares ( ) |
Direxion Daily US Treasuries Bear 2X Shares ( ) |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
200%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-120% |
-84.2% |
-85.0% |
-87.5% |
-90.9% |
-94.1% |
-50% |
-100% |
-75.2% |
-76.5% |
-80.5% |
-85.8% |
-90.8% |
-40% |
-80% |
-64.4% |
-66.2% |
-72.0% |
-79.5% |
-86.8% |
-30% |
-60% |
-51.5% |
-54.0% |
-61.8% |
-72.1% |
-82.0% |
-20% |
-40% |
-36.6% |
-39.9% |
-50.2% |
-63.5% |
-76.5% |
-10% |
-20% |
-19.8% |
-23.9% |
-36.9% |
-53.8% |
-70.2% |
0% |
0% |
-1.0% |
-6.1% |
-22.1% |
-43.0% |
-63.2% |
10% |
20% |
19.8% |
13.7% |
-5.8% |
-31.1% |
-55.5% |
20% |
40% |
42.6% |
35.3% |
12.1% |
-18.0% |
-47.0% |
30% |
60% |
67.3% |
58.8% |
31.6% |
-3.7% |
-37.8% |
40% |
80% |
94.0% |
84.1% |
52.6% |
11.7% |
-27.9% |
50% |
100% |
122.8% |
111.4% |
75.2% |
28.2% |
-17.2% |
60% |
120% |
153.5% |
140.5% |
99.4% |
45.9% |
-5.8% |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Management Fees |
[ ]% |
Distribution and/or Service (12b-1) Fees |
0.00% |
Other Expenses of the Fund(1)
|
[ ]% |
Acquired Fund Fees and Expenses(1)
|
[ ]% |
Total Annual Fund Operating Expenses |
[ ]% |
Expense Cap/Reimbursement(2)
|
[ ]% |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
[ ]% |
1 Year |
3 Years |
$[ ] |
$[ ] |
One
Year
Index |
-200%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
120% |
506.5% |
418.1% |
195.2% |
15.6% |
-68.9% |
-50% |
100% |
288.2% |
231.6% |
88.9% |
-26.0% |
-80.1% |
-40% |
80% |
169.6% |
130.3% |
31.2% |
-48.6% |
-86.2% |
-30% |
60% |
98.1% |
69.2% |
-3.6% |
-62.2% |
-89.8% |
-20% |
40% |
51.6% |
29.5% |
-26.2% |
-71.1% |
-92.2% |
-10% |
20% |
19.8% |
2.3% |
-41.7% |
-77.2% |
-93.9% |
0% |
0% |
-3.0% |
-17.1% |
-52.8% |
-81.5% |
-95.0% |
10% |
-20% |
-19.8% |
-31.5% |
-61.0% |
-84.7% |
-95.9% |
20% |
-40% |
-32.6% |
-42.4% |
-67.2% |
-87.2% |
-96.5% |
30% |
-60% |
-42.6% |
-50.9% |
-72.0% |
-89.1% |
-97.1% |
40% |
-80% |
-50.5% |
-57.7% |
-75.9% |
-90.6% |
-97.5% |
50% |
-100% |
-56.9% |
-63.2% |
-79.0% |
-91.8% |
-97.8% |
60% |
-120% |
-62.1% |
-67.6% |
-81.5% |
-92.8% |
-98.1% |
Portfolio Managers |
Years of Service
with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Day |
Index Value |
Index Performance |
Value of Fund A Investment |
|
$100.00 |
|
$100.00 |
1 |
$105.00 |
5.00% |
$105.00 |
2 |
$100.00 |
-4.76% |
$100.00 |
Day |
Index Performance |
200% of Index Performance |
Value of Fund B Investment |
|
|
|
$100.00 |
1 |
5.00% |
10.0% |
$110.00 |
2 |
-4.76% |
-9.52% |
$99.52 |
Volatility
Range |
2X Bull Fund
Loss |
2X Bear Fund
Loss |
10% |
-1% |
-3% |
20% |
-4% |
-12% |
30% |
-9% |
-26% |
40% |
-15% |
-45% |
50% |
-23% |
-65% |
60% |
-33% |
-92% |
70% |
-47% |
-99% |
80% |
-55% |
-99% |
90% |
-76% |
-99% |
100% |
-84% |
-99% |
Index Move |
Resulting Exposure for Bull Fund |
-20% |
267% |
-15% |
243% |
-10% |
225% |
-5% |
211% |
0% |
200% |
5% |
191% |
10% |
183% |
15% |
177% |
20% |
171% |
Index Move |
Resulting Exposure for Bear Fund |
-20% |
-114% |
-15% |
-131% |
-10% |
-150% |
-5% |
-173% |
0% |
-200% |
5% |
-233% |
10% |
-275% |
15% |
-329% |
20% |
-400% |
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
DailyPerformance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
$100.00
|
|
|
Day 1 |
105 |
5.00% |
5.00% |
$110.00
|
10.00% |
10.00% |
$90.00 |
-10.00% |
-10.00% |
Day 2 |
110 |
4.76% |
10.00% |
$120.48
|
9.52% |
20.47% |
$81.43 |
-9.52% |
-18.57% |
Day 3 |
100 |
-9.09% |
0.00% |
$98.57 |
-18.18% |
-1.43% |
$96.23 |
18.18% |
-3.76% |
Day 4 |
90 |
-10.00% |
-10.00% |
$78.86 |
-20.00% |
-21.14% |
$115.48
|
20.00% |
15.48% |
Day 5 |
85 |
-5.56% |
-15.00% |
$70.10 |
-11.12% |
-29.91% |
$128.31
|
11.12% |
28.33% |
Day 6 |
100 |
17.65% |
0.00% |
$94.83 |
35.30% |
-5.17% |
$83.03 |
-35.30% |
-16.97% |
Day 7 |
95 |
-5.00% |
-5.00% |
$85.35 |
-10.00% |
-14.65% |
$91.33 |
10.00% |
-8.67% |
Day 8 |
100 |
5.26% |
0.00% |
$94.34 |
10.52% |
-5.68% |
$81.71 |
-10.52% |
-18.28% |
Day 9 |
105 |
5.00% |
5.00% |
$103.77
|
10.00% |
3.76% |
$73.54 |
-10.00% |
-26.45% |
Day 10 |
100 |
-4.76% |
0.00% |
$93.89 |
-9.52% |
-6.12% |
$80.55 |
9.52% |
-19.45% |
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
$100.00
|
|
|
Day 1 |
102 |
2.00% |
2.00% |
$104.00
|
4.00% |
4.00% |
$96.00 |
-4.00% |
-4.00% |
Day 2 |
104 |
1.96% |
4.00% |
$108.08 |
3.92% |
8.08% |
$92.24 |
-3.92% |
-7.76% |
Day 3 |
106 |
1.92% |
6.00% |
$112.24
|
3.84% |
12.23% |
$88.69 |
-3.84% |
-11.31% |
Day 4 |
108 |
1.89% |
8.00% |
$116.47
|
3.78% |
16.47% |
$85.34 |
-3.78% |
-14.66% |
Day 5 |
110 |
1.85% |
10.00% |
$120.78
|
3.70% |
20.78% |
$82.18 |
-3.70% |
-17.82% |
Day 6 |
112 |
1.82% |
12.00% |
$125.18
|
3.64% |
25.17% |
$79.19 |
-3.64% |
-20.81% |
Day 7 |
114 |
1.79% |
14.00% |
$129.65
|
3.58% |
29.66% |
$76.36 |
-3.58% |
-23.64% |
Day 8 |
116 |
1.75% |
16.00% |
$134.20
|
3.50% |
34.19% |
$73.68 |
-3.50% |
-26.31% |
Day 9 |
118 |
1.72% |
18.00% |
$138.82
|
3.44% |
38.81% |
$71.14 |
-3.44% |
-28.85% |
Day 10 |
120 |
1.69% |
20.00% |
$143.53
|
3.38% |
43.50% |
$68.73 |
-3.38% |
-31.25% |
Index |
Bull Fund |
Bear Fund | |||||||
|
Value |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
NAV |
Daily
Performance |
Cumulative
Performance |
|
100 |
|
|
$100.00
|
|
|
$100.00
|
|
|
Day 1 |
98 |
-2.00% |
-2.00% |
$96.00 |
-4.00% |
-4.00% |
$104.00
|
4.00% |
4.00% |
Day 2 |
96 |
-2.04% |
-4.00% |
$92.08 |
-4.08% |
-7.92% |
$108.24
|
4.08% |
8.24% |
Day 3 |
94 |
-2.08% |
-6.00% |
$88.24 |
-4.16% |
-11.75% |
$112.76
|
4.16% |
12.75% |
Day 4 |
92 |
-2.13% |
-8.00% |
$84.49 |
-4.26% |
-15.51% |
$117.55
|
4.26% |
17.55% |
Day 5 |
90 |
-2.17% |
-10.00% |
$80.82 |
-4.34% |
-19.17% |
$122.66
|
4.34% |
22.65% |
Day 6 |
88 |
-2.22% |
-12.00% |
$77.22 |
-4.44% |
-22.76% |
$128.12
|
4.44% |
28.10% |
Day 7 |
86 |
-2.27% |
-14.00% |
$73.71 |
-4.54% |
-26.27% |
$133.94
|
4.54% |
33.91% |
Day 8 |
84 |
-2.33% |
-16.00% |
$70.29 |
-4.66% |
-29.71% |
$140.17
|
4.66% |
40.15% |
Day 9 |
82 |
-2.38% |
-18.00% |
$66.94 |
-4.76% |
-33.05% |
$146.84
|
4.76% |
46.82% |
Day 10 |
80 |
-2.44% |
-20.00% |
$63.67 |
-4.88% |
-36.32% |
$154.01
|
4.88% |
53.99% |
|
|
|
|
Direxion Daily US Treasuries Bull 2X Shares |
Direxion Daily US Treasuries Bear 2X Shares |
Investment Strategy Risk |
X |
X |
Futures Strategy Risk |
X |
X |
Effects of Compounding and Market Volatility Risk |
X |
X |
Leverage Risk |
X |
X |
Derivatives Risk |
X |
X |
Counterparty Risk |
X |
X |
Rebalancing Risk |
X |
X |
Intra-Day Investment Risk |
X |
X |
Daily Index Correlation/Tracking Risk |
X |
|
Daily Inverse Index Correlation/Tracking Risk |
|
X |
Cash Transaction Risk |
X |
X |
Shorting Risk |
|
X |
Credit Risk |
X |
X |
Interest Rate Risk |
X |
X |
U.S. Government Securities Risk |
X |
X |
Natural Disaster/Epidemic and Market Disruption Risk |
X |
X |
Market Risk |
X |
X |
Index Strategy Risk |
X |
X |
Liquidity Risk |
X |
X |
Early Close/Trading Halt Risk |
X |
X |
High Portfolio Turnover Risk |
X |
X |
Non-Diversification Risk |
X |
X |
Special Risks of Exchange-Traded Funds |
X |
X |
One
Year
Index |
200%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-120% |
-84.2% |
-85.0% |
-87.5% |
-90.9% |
-94.1% |
-50% |
-100% |
-75.2% |
-76.5% |
-80.5% |
-85.8% |
-90.8% |
-40% |
-80% |
-64.4% |
-66.2% |
-72.0% |
-79.5% |
-86.8% |
-30% |
-60% |
-51.5% |
-54.0% |
-61.8% |
-72.1% |
-82.0% |
-20% |
-40% |
-36.6% |
-39.9% |
-50.2% |
-63.5% |
-76.5% |
-10% |
-20% |
-19.8% |
-23.9% |
-36.9% |
-53.8% |
-70.2% |
0% |
0% |
-1.0% |
-6.1% |
-22.1% |
-43.0% |
-63.2% |
10% |
20% |
19.8% |
13.7% |
-5.8% |
-31.1% |
-55.5% |
20% |
40% |
42.6% |
35.3% |
12.1% |
-18.0% |
-47.0% |
30% |
60% |
67.3% |
58.8% |
31.6% |
-3.7% |
-37.8% |
40% |
80% |
94.0% |
84.1% |
52.6% |
11.7% |
-27.9% |
50% |
100% |
122.8% |
111.4% |
75.2% |
28.2% |
-17.2% |
60% |
120% |
153.5% |
140.5% |
99.4% |
45.9% |
-5.8% |
One
Year
Index |
-200%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
120% |
506.5% |
418.1% |
195.2% |
15.6% |
-68.9% |
-50% |
100% |
288.2% |
231.6% |
88.9% |
-26.0% |
-80.1% |
-40% |
80% |
169.6% |
130.3% |
31.2% |
-48.6% |
-86.2% |
-30% |
60% |
98.1% |
69.2% |
-3.6% |
-62.2% |
-89.8% |
-20% |
40% |
51.6% |
29.5% |
-26.2% |
-71.1% |
-92.2% |
-10% |
20% |
19.8% |
2.3% |
-41.7% |
-77.2% |
-93.9% |
0% |
0% |
-3.0% |
-17.1% |
-52.8% |
-81.5% |
-95.0% |
10% |
-20% |
-19.8% |
-31.5% |
-61.0% |
-84.7% |
-95.9% |
20% |
-40% |
-32.6% |
-42.4% |
-67.2% |
-87.2% |
-96.5% |
30% |
-60% |
-42.6% |
-50.9% |
-72.0% |
-89.1% |
-97.1% |
40% |
-80% |
-50.5% |
-57.7% |
-75.9% |
-90.6% |
-97.5% |
50% |
-100% |
-56.9% |
-63.2% |
-79.0% |
-91.8% |
-97.8% |
60% |
-120% |
-62.1% |
-67.6% |
-81.5% |
-92.8% |
-98.1% |
Fund |
Symbol |
Direxion Daily US Treasuries Bull 2X Shares |
|
Direxion Daily US Treasuries Bear 2X Shares |
|
Write to: |
Direxion Shares ETF Trust |
|
|
Call: |
(866) 476-7523 |
By Internet: |
2X BULL FUND |
2X BEAR FUND |
Direxion Daily US Treasuries Bull 2X Shares ( ) |
Direxion Daily US Treasuries Bear 2X Shares ( ) |
|
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64 | |
A-1 |
Fund |
Underlying Index |
Daily Leveraged
Investment Objective |
Direxion Daily US Treasuries Bull 2X Shares |
S&P 10-Year U.S. Treasury Note Futures Index |
200% |
Direxion Daily US Treasuries Bear 2X Shares |
-200% |
One
Year
Index |
200%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-120% |
-84.2% |
-85.0% |
-87.5% |
-90.9% |
-94.1% |
-50% |
-100% |
-75.2% |
-76.5% |
-80.5% |
-85.8% |
-90.8% |
-40% |
-80% |
-64.4% |
-66.2% |
-72.0% |
-79.5% |
-86.8% |
-30% |
-60% |
-51.5% |
-54.0% |
-61.8% |
-72.1% |
-82.0% |
-20% |
-40% |
-36.6% |
-39.9% |
-50.2% |
-63.5% |
-76.5% |
-10% |
-20% |
-19.8% |
-23.9% |
-36.9% |
-53.8% |
-70.2% |
0% |
0% |
-1.0% |
-6.1% |
-22.1% |
-43.0% |
-63.2% |
10% |
20% |
19.8% |
13.7% |
-5.8% |
-31.1% |
-55.5% |
20% |
40% |
42.6% |
35.3% |
12.1% |
-18.0% |
-47.0% |
30% |
60% |
67.3% |
58.8% |
31.6% |
-3.7% |
-37.8% |
40% |
80% |
94.0% |
84.1% |
52.6% |
11.7% |
-27.9% |
50% |
100% |
122.8% |
111.4% |
75.2% |
28.2% |
-17.2% |
60% |
120% |
153.5% |
140.5% |
99.4% |
45.9% |
-5.8% |
One
Year
Index |
-200%
One
Year
Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
120% |
506.5% |
418.1% |
195.2% |
15.6% |
-68.9% |
-50% |
100% |
288.2% |
231.6% |
88.9% |
-26.0% |
-80.1% |
-40% |
80% |
169.6% |
130.3% |
31.2% |
-48.6% |
-86.2% |
-30% |
60% |
98.1% |
69.2% |
-3.6% |
-62.2% |
-89.8% |
-20% |
40% |
51.6% |
29.5% |
-26.2% |
-71.1% |
-92.2% |
-10% |
20% |
19.8% |
2.3% |
-41.7% |
-77.2% |
-93.9% |
0% |
0% |
-3.0% |
-17.1% |
-52.8% |
-81.5% |
-95.0% |
10% |
-20% |
-19.8% |
-31.5% |
-61.0% |
-84.7% |
-95.9% |
20% |
-40% |
-32.6% |
-42.4% |
-67.2% |
-87.2% |
-96.5% |
30% |
-60% |
-42.6% |
-50.9% |
-72.0% |
-89.1% |
-97.1% |
40% |
-80% |
-50.5% |
-57.7% |
-75.9% |
-90.6% |
-97.5% |
50% |
-100% |
-56.9% |
-63.2% |
-79.0% |
-91.8% |
-97.8% |
60% |
-120% |
-62.1% |
-67.6% |
-81.5% |
-92.8% |
-98.1% |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
Daniel D. O’Neill(1)
Age: 53 |
Chairman of the Board of
Trustees |
Lifetime of Trust until
removal or resignation; Since 2008
|
Chief Executive Officer,
Rafferty Asset
Management,
LLC, since 2021;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
– January
2019. |
[ ] |
None. |
Name, Address and Age |
Position(s)
Held with Fund |
Term of
Office and Length
of Time
Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in Direxion Family of
Investment Companies
Overseen by Trustee(3)
|
Other
Trusteeships/ Directorships
Held by Trustee During Past Five
Years |
David L. Driscoll
Age: 52 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Partner, King
Associates, LLP,
since 2004; Board
Advisor, University
Common Real
Estate, since 2012;
Principal, Grey
Oaks LLP, since
2003; Member,
Kendrick LLC,
since 2006.
|
[ ] |
None. |
Jacob C. Gaffey
Age: 74 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since 2014 |
Managing
Director, Loomis &
Co., 2012-2019.
|
[ ] |
None. |
Henry W. Mulholland
Age: 58 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2017 |
Managing
Partner, Grove Hill
Partners LLC, since
2016. |
[ ] |
None. |
Kathleen M. Berkery Age: 54 |
Trustee |
Lifetime of Trust until
removal or resignation; Since
2019 |
Chief Financial Officer,
Student Sponsor Partners,
since November
2021; Senior
Manager- Trusts &
Estates, Rynkar,
Vail & Barrett,
LLC, since 2018;
Financial Advisor,
Lee, Nolan &
Koroghlian Life
Planning Group,
2010-2017.
|
[ ] |
None. |
Name, Address and Age |
Position(s) Held with
Fund |
Term of Office and
Length of Time Served |
Principal
Occupation(s)
During Past Five Years |
# of
Portfolios in the
Direxion Family of
Investment Companies
Overseen by Trustee(2)
|
Other
Trusteeships/ Directorships Held
by Trustee During Past Five Years |
Daniel D. O’Neill(1)
Age: 53 |
Chief Executive
Officer |
One Year;
Since 2021 |
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, since 2021;
Managing
Director of
Rafferty Asset
Management,
LLC, January 1999
– January
2019. |
N/A |
N/A |
Age: 48 |
Principal Executive
Officer
|
One Year;
Since 2018 |
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A |
N/A |
Angela Brickl
Age: 45 |
Chief Compliance
Officer
Secretary |
One Year;
Since 2018
One Year;
Since 2011 |
General Counsel,
Rafferty Asset
Management LLC,
since October
2010; Chief
Compliance
Officer, Rafferty
Asset
Management,
LLC, since
September 2012.
|
N/A |
N/A |
Corey Noltner Age: 32 |
Principal Financial
Officer |
One Year; Since
2021 |
Senior Business Analyst,
Rafferty Asset
Management,
LLC, since October
2015. |
N/A |
N/A |
Dollar Range of Equity
Securities Owned: |
Interested
Trustee: |
Independent Trustees: | |||
|
Daniel D. O’Neill |
David L. Driscoll |
Jacob C. Gaffey |
Henry W. Mulholland |
Kathleen M. Berkery |
Aggregate Dollar Range of
Equity Securities in the
Direxion Family of Investment
Companies(1) |
Over
$100,000 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation
From the Trust(1) |
Pension or Retirement Benefits
Accrued As Part of the Trust’s
Expenses |
Estimated Annual Benefits
Upon Retirement |
Aggregate Compensation
From the Direxion Family of
Investment Companies Paid
to the Trustees(2) |
Interested Trustee | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$106,875 |
$0 |
$0 |
$142,500 |
Jacob C. Gaffey |
$106,875 |
$0 |
$0 |
$142,500 |
Henry W. Mulholland |
$106,875 |
$0 |
$0 |
$142,500 |
Kathleen M. Berkery |
$106,875 |
$0 |
$0 |
$142,500 |
Accounts |
Total Number of Accounts |
Total Assets
(In Billions) |
Total Number of Accounts with
Performance Based Fees |
Total Assets of Accounts
with Performance Based Fees |
Registered Investment Companies |
[ ] |
$[ ] |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Australia |
Austria |
Belgium |
Brazil |
Canada |
Chile |
China |
January 3 January 26 April 15 April 18 April 25 June 13 December 26 December 27 |
April 15 April 18 June 6 October 26 December 26 December 30 |
April 15 April 18 December 26 |
February 28 March 1 March 2 April 15 April 21 June 16 September 7 October 12 November 2 November 15 December 30 |
January 3 February 21 April 15 May 23 July 1 August 1 September 5 September 30 October 10 November 11 December 26 December 27 |
April 15 June 21 June 27 August 15 September 19 October 10 October 31 November 1 December 8 December 23 December 30 |
January 3 January 17 January 31 February 1 February 2 February 3 February 4 February 21 April 4 April 5 April 15 April 18 May 2 May 3 May 4 May 9 May 30 June
3 July 1 July 4 September 5 September 12 October 3 October 4 October 5 October 6 October 7 October 10 November 11 November 24 December 26 December 27 |
Colombia |
Czech
Republic |
Denmark |
Egypt |
Finland |
France |
Germany |
January 10 March 21 April 14 April 15 May 30 June 20 June 27 July 4 July 20 August 15 October 17 November 7 November 14 December 8 |
April 15 April 18 July 5 July 6 September 28 October 28 November 17 December 26 |
April 14 April 15 April 18 May 13 May 26 May 27 June 6 December 26 |
January 9 January 27 April 24 April 25 May 1 May 2 May 3 July 8 July 9 July 10 July 23 July 30 October 6 October 8 |
January 6 April 15 April 18 May 26 June 24 December 6 December 26 |
April 15 April 18 December 26 |
April 15 April 18 December 26 December 30 |
Greece |
Hong
Kong |
Hungary |
India |
Indonesia |
Ireland |
Israel |
January 6 March 7 March 25 April 15 April 18 April 21 April 22 April 25 June 13 August 15 October 28 December 26 |
January 3 January 31 February 1 February 2 February 3 February 4 April 4 April 5 April 14 April 15 April 18 May 2 May 3 May 4 May 5 May 9 June 3 June
30 July 1 September 12 October 3 October 4 October 5 October 6 October 7 December 26 December 27 |
March 14 March 15 March 26 April 15 April 18 June 6 October 15 October 31 November 1 December 26 |
January 26 March 1 April 1 April 14 April 15 May 3 May 16 August 9 August 15 August 16 August 31 October 5 October 25 October 26 November 8 |
February 1 February 28 March 3 April 15 May 2 May 3 May 16 May 26 June 1 August 17 |
January 3 April 15 April 18 May 2 December 23 December 26 December 27 December 30 |
March 17 March 18 April 15 April 17 April 18 April 19 April 20 April 21 April 22 May 4 May 5 June 5 August 7 September 25 September 26 September 27 October 4 October
5 October 9 October 10 October 11 October 12 October 13 October 16 October 17 |
Italy |
Japan |
Malaysia |
Mexico |
Morocco |
Netherlands |
New
Zealand |
April 15 April 18 December 26 |
January 3 January 10 February 11 February 23 March 21 April 29 May 3 May 4 May 5 July 18 August 11 September 19 September 23 October 10 November 3 November 23 |
January 18 January 31 February 1 February 2 April 19 May 2 May 3 May 4 May 16 June 6 July 10 July 12 August 31 September 16 October 10 October 24 December 26 |
February 7 March 21 April 14 April 15 September 16 November 2 November 21 December 12 |
January 11 May 2 May 3 July 10 July 11 July 30 August 14 October 8 October 9 November 18 |
April 15 April 18 December 26 |
January 3 January 4 February 7 April 15 April 18 April 25 June 6 June 24 October 24 December 26 December 27 |
Norway |
Peru |
Philippines |
Poland |
Portugal |
Russia |
Singapore |
April 13 April 14 April 15 April 18 May 17 May 26 June 6 December 26 |
April 14 April 15 June 29 July 28 July 29 August 30 November 1 December 8 |
February 1 February 25 April 14 April 15 August 29 November 1 November 30 December 8 December 30 |
January 6 April 15 April 18 May 3 June 16 August 15 November 1 November 11 December 26 |
April 15 April 18 December 26 |
January 3 January 4 January 5 January 6 January 7 February 23 March 7 March 8 May 2 May 3 May 9 May 10 June 13 November 4 |
January 31 February 1 February 2 April 15 May 2 May 3 May 16 July 11 August 9 October 24 December 26 |
South
Africa |
South
Korea |
Spain |
Sweden |
Switzerland |
Taiwan |
Thailand |
March 21 April 15 April 18 April 27 May 2 June 16 August 9 December 16 December 26 |
January 31 February 1 February 2 March 1 March 9 May 5 June 1 June 6 August 15 September 9 September 12 October 3 October 10 December 30 |
April 15 April 18 December 26 |
January 5 January 6 April 14 April 15 April 18 May 25 May 26 June 6 June 24 November 4 December 26 |
April 15 April 18 May 26 June 6 August 1 December 26 |
January 22 January 27 January 28 January 31 February 1 February 2 February 3 February 4 February 28 April 4 April 5 May 2 June 3 September 9 October 10 |
January 3 February 16 April 6 April 13 April 14 April 15 May 2 May 4 May 16 June 3 July 13 July 28 July 29 August 12 October 13 October 14 October 24 December
5 December 12 |
Turkey |
United Kingdom |
May 1 May 2 May 3 May 4 May 19 July 8 July 9 July 10 July 11 July 12 July 15 August 30 October 28 |
January 3 April 15 April 18 May 2 June 2 June 3 August 29 December 23 December 26 December 27 December 30 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum
Additional
Charge for
Redemptions* |
Maximum
Additional
Charge for
Purchases* | ||
|
In-Kind |
Cash | |||
NSCC |
Outside NSCC |
Outside
NSCC | |||
Direxion Daily US Treasuries Bull 2X Shares |
$250 |
Up to 300%
of NSCC Amount |
$250 |
Up to 2.00% |
Up to 5.00% |
Direxion Daily US Treasuries Bear 2X Shares |
N/A |
N/A |
N/A |
Up to 2.00% |
Up to 5.00% |
(a) |
(i) |
|
|
(ii) |
|
(b) |
|
|
(c) |
|
Shareholders’ Rights are contained in Articles IV, V, VI, IX, and X of the Trust’s Trust Instrument and
Articles V, VI, VII, VIII and IX of the Trust’s By-Laws. |
(d) |
(A) |
|
|
(B) |
Amended Schedule A to the Investment Advisory Agreement between the Trust and RAM
– to be
filed by Amendment. |
(e) |
(i)(A) |
|
|
(i)(B) |
Amended Appendix A to the Distribution Agreement – to be filed by Amendment. |
|
(ii) |
|
(f) |
|
Bonus, profit sharing contracts – None. |
(g) |
(A) |
|
|
(B) |
Amended Schedule II to the Custody Agreement – to be filed by Amendment. |
|
(ii) |
|
(h) |
(i)(A) |
|
|
(i)(B) |
Amended Appendix I to the Transfer Agency and Service Agreement – to be filed by Amendment. |
|
(ii) |
|
|
(iii) |
|
|
(iv)(A) |
|
|
(iv)(B) |
Amended Exhibit A to the Fund Accounting Agreement between the Trust and BONY
– to be filed
by Amendment. |
|
(v)(A) |
|
|
(v)(B) |
Amended Schedule A to the Advisory Fee Waiver Agreement between the Trust and RAM
– to be
filed by Amendment. |
|
(vi)(A) |
|
|
(vi)(B) |
Amended Appendix A to the Fourth Amended and Restated Operating Expense Limitation
Agreement between the Trust and RAM – to be filed by Amendment. |
|
(vii)(A) |
|
|
(vii)(B) |
Amended Schedule A to the Management Services Agreement between the Trust and RAM
– to be
filed by Amendment. |
|
(vii)(C) |
|
|
(viii)(A) |
|
|
(viii)(B) |
Amended Schedule A to the Operating Services Agreement between the Trust and RAM
– to be
filed by Amendment. |
(i) |
|
Opinion and consent of counsel – to be filed by Amendment. |
(j) |
(i) |
|
|
(ii) |
|
(k) |
|
Financial Statements omitted from prospectus – None. |
(l) |
|
|
(m) |
(i)(A) |
|
|
(i)(B) |
Amended Appendix A to the Rule 12b-1 Distribution Plan – to be filed by Amendment. |
(n) |
|
Rule 18f-3 Plan – None. |
(o) |
|
Reserved. |
(p) |
|
Name |
Business Address |
Position with
Underwriter |
Position with
Registrant |
Richard J. Berthy |
President,
Treasurer
and Manager |
None | |
Mark A. Fairbanks |
Vice President |
None | |
Teresa Cowan |
Vice President |
None | |
Jennifer K. DiValerio |
Vice President |
None | |
Nanette K. Chern |
Vice President
and Chief
Compliance
Officer |
None | |
Kelly B. Whetstone |
Secretary |
None |
DIREXION SHARES ETF TRUST | |
By: |
/s/ Patrick J. Rudnick* |
|
|
|
Principal Executive Officer |
Signature |
Title |
Date |
/s/
Daniel D. O’Neill* |
Chairman of the Board |
|
Daniel D. O’Neill |
|
|
/s/
Jacob C. Gaffey* |
Trustee |
|
Jacob C. Gaffey |
|
|
/s/
David L. Driscoll* |
Trustee |
|
David L. Driscoll |
|
|
/s/
Henry W. Mulholland* |
Trustee |
|
Henry W. Mulholland |
|
|
/s/
Kathleen M. Berkery* |
Trustee |
|
Kathleen M. Berkery |
|
|
/s/
Patrick J. Rudnick* |
Principal Executive Officer |
|
| ||
/s/
Corey Noltner* |
Principal Financial Officer |
|
Corey Noltner |
|
|
*By: /s/
Angela Brickl |
|
|
This ‘485APOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/1/26 | ||||
9/1/23 | ||||
6/30/23 | ||||
12/31/22 | ||||
6/3/22 | 485BXT | |||
4/30/22 | NPORT-P | |||
Filed on: | 1/31/22 | NPORT-P | ||
1/19/22 | 485APOS, 497J, 497K | |||
1/1/22 | ||||
12/31/21 | ||||
12/2/21 | 485BPOS | |||
10/31/21 | 24F-2NT, N-CEN, N-CSR, NPORT-P | |||
9/22/21 | 497J, 497K | |||
3/5/21 | 497J | |||
2/25/21 | 485BPOS | |||
1/19/21 | ||||
1/1/21 | ||||
12/31/20 | 485APOS | |||
10/7/20 | ||||
6/6/20 | ||||
1/31/20 | 497J, 8-A12B, NPORT-P | |||
1/1/18 | ||||
12/31/17 | ||||
7/27/17 | ||||
6/23/16 | 497 | |||
4/1/12 | ||||
12/31/11 | ||||
12/23/10 | ||||
8/13/08 | ||||
4/23/08 | ||||
7/1/97 | ||||
List all Filings |