0001193125-20-153029 Sample Contracts

AMENDED AND RESTATED DIREXION SHARES ETF TRUST INVESTMENT ADVISORY AGREEMENT
Investment Advisory Agreement • May 27th, 2020 • Direxion Shares ETF Trust • New York

This Investment Advisory Agreement (the “Agreement”) amends and restates the Investment Advisory Agreement dated August 13, 2008, between Direxion Shares ETF Trust (the “Trust”), a Delaware statutory trust, and Rafferty Asset Management, LLC, a New York limited liability company (the “Adviser”).

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