SCHEDULE A TO DIREXION SHARES ETF TRUST ADVISORY FEE WAIVER AGREEMENT
SCHEDULE A
TO DIREXION SHARES ETF TRUST ADVISORY FEE WAIVER AGREEMENT
As of September 1, 2011 through September 1, 2018 (the “applicable Period”)
Advisory fee limit applicable to each Fund:
| Fund |
Rate | Limit | Rate after Limit |
|||||||||
| Non-Leveraged Funds |
||||||||||||
| Direxion S&P 500® Volatility Response Shares |
0.45 | % | 0.10 | % | 0.35 | % | ||||||
| 1.25X Funds |
||||||||||||
| Direxion Daily S&P 500® Bull 1.25X Shares |
0.45 | % | 0.15 | % | 0.30 | % | ||||||
| Direxion Daily Small Cap Bull 1.25X Shares |
0.45 | % | 0.15 | % | 0.30 | % | ||||||
| Direxion Daily FTSE Developed Markets Bull 1.25X Shares |
0.45 | % | 0.15 | % | 0.30 | % | ||||||
| Direxion Daily FTSE Emerging Markets Bull 1.25X Shares |
0.45 | % | 0.15 | % | 0.30 | % | ||||||
| 2X Funds |
||||||||||||
| Direxion Daily Cyber Security & IT Bull 2X Shares |
0.75 | % | 0.15 | % | 0.60 | % | ||||||
| Direxion Daily Cyber Security & IT Bear 2X Shares |
0.75 | % | 0.15 | % | 0.60 | % | ||||||
| Direxion Daily Pharmaceutical & Medical Bull 2X Shares |
0.75 | % | 0.15 | % | 0.60 | % | ||||||
| Direxion Daily Pharmaceutical & Medical Bear 2X Shares |
0.75 | % | 0.15 | % | 0.60 | % | ||||||
| Direxion Daily Silver Miners Index Bull 2X Shares |
0.75 | % | 0.15 | % | 0.60 | % | ||||||
| Direxion Daily Silver Miners Index Bear 2X Shares |
0.75 | % | 0.15 | % | 0.60 | % | ||||||
Tiered Advisory Fee Limit for each of the leveraged Funds listed below:
| Net Assets |
Net Assets | Rate | ||||||||
| 0 |
> | $ | 1,500,000,000 | 0.75 | % | |||||
| $1,500,000,000 |
> | $ | 2,000,000,000 | 0.70 | % | |||||
| $2,000,000,000 |
> | $ | 2,500,000,000 | 0.65 | % | |||||
| $2,500,000,000 |
> | $ | 3,000,000,000 | 0.60 | % | |||||
| $3,000,000,000 |
> | $ | 3,500,000,000 | 0.55 | % | |||||
| $3,500,000,000 |
> | $ | 4,000,000,000 | 0.50 | % | |||||
| $4,000,000,000 |
> | $ | 4,500,000,000 | 0.45 | % | |||||
| $4,500,000,000 and above |
0.40 | % | ||||||||
Funds
Direxion Daily S&P 500® Bull 3X Shares
Direxion Daily S&P 500® Bear 3X Shares
Direxion Daily Mid Cap Bull 3X Shares
Direxion Daily Mid Cap Bear 3X Shares
Direxion Daily Small Cap Bull 3X Shares
Direxion Daily Small Cap Bear 3X Shares
Direxion Daily Developed Markets Bull 3X Shares
Direxion Daily Developed Markets Bear 3X Shares
Direxion Daily Emerging Markets Bull 3X Shares
Direxion Daily Emerging Markets Bear 3X Shares
Direxion Daily FTSE China Bull 3X Shares
Direxion Daily FTSE China Bear 3X Shares
Direxion Daily India Bull 3X Shares
Direxion Daily Latin America Bull 3X Shares
Direxion Daily Energy Bull 3X Shares
Direxion Daily Energy Bear 3X Shares
Direxion Daily Financial Bull 3X Shares
Direxion Daily Financial Bear 3X Shares
Direxion Daily Technology Bull 3X Shares
Direxion Daily Technology Bear 3X Shares
Direxion Daily Real Estate Bull 3X Shares
Direxion Daily Real Estate Bear 3X Shares
Direxion Daily 7-10 Year Treasury Bull 3X Shares
Direxion Daily 7-10 Year Treasury Bear 3X Shares
Direxion Daily 20+ Year Treasury Bull 3X Shares
Direxion Daily 20+ Year Treasury Bear 3X Shares
Direxion Daily Corporate Bond Bull 3X Shares
Direxion Daily Corporate Bond Bear 3X Shares
Direxion Daily High Yield Bull 3X Shares
Direxion Daily High Yield Bear 3X Shares
Direxion Daily Municipal Bond Bull 3X Shares
Direxion Daily Clean Energy Bull 3X Shares
Direxion Daily Clean Energy Bear 3X Shares
Direxion Daily Healthcare Bull 3X Shares
Direxion Daily Healthcare Bear 3X Shares
Direxion Daily Retail Bull 3X Shares
Direxion Daily Semiconductor Bull 3X Shares
Direxion Daily Semiconductor Bear 3X Shares
Direxion Daily Gold Miners Index Bull 3X Shares
Direxion Daily Gold Miners Index Bear 3X Shares
Direxion Daily Natural Gas Related Bull 3X Shares
Direxion Daily Natural Gas Related Bear 3X Shares
Direxion Daily Russia Bull 3X Shares
Direxion Daily Russia Bear 3X Shares
Direxion Daily Junior Gold Miners Index Bull 3X Shares
Direxion Daily Junior Gold Miners Index Bear 3X Shares
Direxion Daily Regional Banks Bull 3X Shares
Direxion Daily Regional Banks Bear 3X Shares
Direxion Daily Brazil Bull 3X Shares
Direxion Daily FTSE Europe Bull 3X Shares
Direxion Daily South Korea Bull 3X Shares
Direxion Daily Japan Bull 3X Shares
Direxion Daily Homebuilders & Supplies Bull 3X Shares
Direxion Daily Homebuilders & Supplies Bear 3X Shares
Direxion Daily S&P Biotech Bull 3X Shares
Direxion Daily S&P Biotech Bear 3X Shares
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares
Direxion Daily FTSE Cürex USD Bull 3X Shares
Direxion Daily FTSE Cürex USD Bear 3X Shares
Direxion Daily FTSE Cürex EUR Bull 3X Shares
Direxion Daily FTSE Cürex EUR Bear 3X Shares
Direxion Daily FTSE Cürex YEN Bull 3X Shares
Direxion Daily FTSE Cürex YEN Bear 3X Shares
Direxion Daily S&P 500 Low Volatility Bull 3X Shares
Direxion Daily S&P 500 Low Volatility Bear 3X Shares
Direxion Daily MLP Bull 3X Shares
Direxion Daily MLP Bear 3X Shares
Direxion Daily Emerging Market Bond Bull 3X Shares
Direxion Daily Emerging Market Bond Bear 3X Shares
Last Updated: August 23, 2016
