Direxion Funds definition

Direxion Funds means one or more of the series of the Direxion Funds or Direxion Shares ETF Trust, for which the Adviser serve as an investment adviser and specifically excludes Leveraged or Inverse Leveraged ETFs and Funds
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Direxion Funds means one or more of the portfolios of the Direxion Funds (including the 1.25X Direxion Funds), Direxion Insurance Trust or Direxion Shares ETF Trust, each an investment company registered under the 1940 Act for which Rafferty serves as investment adviser and specifically excludes Leveraged or Inverse Leveraged Funds.
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Direxion Funds means one or more of the series of the Direxion Funds, Direxion Insurance Trust or Direxion Shares ETF Trust, for which the Advisors serves as an investment adviser and specifically excludes Leveraged or Inverse Leveraged Funds and the Direxion 1.25X Leveraged Products.
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Examples of Direxion Funds in a sentence

  • This Independent Trustees Code of Ethics (“Code”) has been adopted by Direxion Funds, Direxion Insurance Trust, and Direxion Shares ETF Trust (together, the “Trusts”, each a “Fund”) in compliance with Rule 17j-1 under the Investment Company Act of 1940, as amended (the “1940 Act).

  • Any transaction in options, futures, options on futures, commodities or Leveraged or Inverse Leveraged Funds, except the 1.25x leveraged Direxion Funds.

  • Purchasing or selling (redeeming) shares of the Direxion Funds (which specifically excludes Leveraged or Index Leveraged Funds, but includes the 1.25X leveraged Direxion Funds).

  • This code of ethics (“Code”) has been adopted by Direxion Funds, Direxion Insurance Trust, and Direxion Shares ETF Trust (together, the “Trusts”, each a “Trust”) and Rafferty Asset Management, LLC and Direxion Advisors, LLC (each an “Advisor” and collectively, the “Advisors:) in compliance with Rule 17j-1 under the Investment Company Act of 1940, as amended (the “1940 Act) and Section 204A-1 under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).

  • Purchasing or selling (redeeming) shares of the Direxion Funds (which specifically excludes Leveraged or Inverse Leveraged Funds).

  • This code of ethics (“Code”) has been adopted by Direxion Funds, Direxion Insurance Trust, and Direxion Shares ETF Trust (together, the “Trusts”, each a “Trust”) and Rafferty Asset Management, LLC (“Rafferty”) in compliance with Rule 17j-1 under the Investment Company Act of 1940, as amended (the “1940 Act) and Section 204A-1 under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).

  • This Independent Trustees Code of Ethics (“Code”) has been adopted by Direxion Funds and Direxion Shares ETF Trust (together, the “Trusts”, each a “Fund”) in compliance with Rule 17j-1 under the Investment Company Act of 1940, as amended (the “1940 Act).

  • The Direxion Funds will not be liable for acting upon instruction believed to be genuine and in accordance with the procedures described in the prospectus or the rules of the Automated Clearing House.

  • This code of ethics (“Code”) has been adopted by Direxion Funds and Direxion Shares ETF Trust (together, the “Trusts” and each, a “Trust”) and Rafferty Asset Management, LLC (the “Adviser”) in compliance with Rule 17j-1 under the Investment Company Act of 1940, as amended (the “1940 Act) and Section 204A-1 under the Investment Advisers Act of 1940, as amended (the “Advisers Act”).

  • I have received and understand the prospectus for the Direxion Funds (the “Fund”).


More Definitions of Direxion Funds

Direxion Funds means one or more of the series of the Direxion Funds, Direxion Insurance Trust or Direxion Shares ETF Trust, for which the Advisors serve as an investment adviser and specifically excludes 3X and 2X Leveraged or Inverse Leveraged ETFs and Funds and the 1.25X and 1.35X Leveraged Funds.
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Related to Direxion Funds

  • Non-Fund means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Contract Funds means the funds that have been appropriated, designated, encumbered, or otherwise made available for payment by the State under this Contract.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Client Funds means money deposited by the Client in his/her Trading Account, plus or minus any unrealized or realized profit or loss, plus or minus any amount that is due by the Client to the Company and vice versa.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Funds means financial assets and benefits of every kind, including, but not limited to:

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

  • own funds means the sum of Tier 1 capital and Tier 2 capital;

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Pension Fund means any person that:

  • Compensation Fund means the fund maintained by the Society pur- suant to Sections 21 and 22 (as substituted, respectively, by Sections 29 and 30 of the Act of 1994) of the Act of 1960;

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Escrowed Proceeds means the proceeds from the offering of any debt securities or other Indebtedness paid into an escrow account with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow account upon satisfaction of certain conditions or the occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Escrow Accounts means a SEK bank account and/or EUR bank account and/or a NOK bank account opened by the Arranger with a reputable bank on which the proceeds from the Bond Issue will be held until the Conditions Precedent for Disbursement have been fulfilled.

  • Direct Account : means any Account which is not an ISA Account.

  • Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.