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 April 1, 2014 (the “applicable Period”)
Advisory fee limit applicable to each Fund:
| Fund |
Rate | Limit | Rate after Limit | |||||||||
| Direxion S&P 500® DRRC Index Volatility Response Shares |
0.45 | % | 0.10 | % | 0.35 | % | ||||||
| Direxion S&P 1500® DRRC Index Volatility Response Shares |
0.45 | % | 0.10 | % | 0.35 | % | ||||||
| Direxion S&P 600® DRRC Index Volatility Response Shares |
0.45 | % | 0.10 | % | 0.35 | % | ||||||
| Direxion S&P Latin America 40 DRRC Index Volatility Response Shares |
0.45 | % | 0.10 | % | 0.35 | % | ||||||
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 China Bull 3X Shares
Direxion Daily 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 Healthcare Bull 3X Shares
Direxion Daily Retail Bull 3X Shares
Direxion Daily Semiconductor Bull 3X Shares
Direxion Daily Semiconductor Bear 3X Shares
Direxion Daily Gold Miners Bull 3X Shares
Direxion Daily Gold Miners 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 Basic Materials Bull 3X Shares
