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 Advisor serve as an investment adviser and specifically excludes 3X and 2X Leveraged or Inverse Leveraged ETFs and Funds
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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).

  • 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”).

  • 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”).

  • 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).

  • 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”).

  • All contributions to the custodial account shall be invested in the shares of the Direxion Funds or, if available, any other series of Direxion Funds or other regulated investment companies for which Xxxxxxxx Asset Management serves as Investment Advisor or designates as being eligible for investment.

  • I adopt the Direxion Funds Custodial Account Agreement, as it may be revised from time to time, and appoint the Custodian or its agent to perform those functions and appropriate administrative services specified.

  • Subject to the control and supervision of the Board of Trustees (the “Board”) of the Direxion Funds (the “Trust”) and the Adviser, the Subadviser shall, at its expense and on a regular basis, provide a continuous asset allocation investment program for such portion of the Fund’s assets that is allocated to it by the Adviser from time to time.

  • 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 serves as an investment adviser and specifically excludes Leveraged or Inverse Leveraged Funds and the Direxion 1.25X Leveraged Products.
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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.

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

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

  • 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 (1) accounts of Parent or any Subsidiary, solely to the extent any such accounts hold funds set aside by Parent or any Subsidiary to manage the collection and payment of amounts collected, withheld or incurred by Parent or such Subsidiary for the benefit of third parties relating to: (a) federal income tax withholding and backup withholding tax, employment taxes, transportation excise taxes and security related charges, (b) any and all state and local income tax withholding, employment taxes and related charges and fees and similar taxes, charges and fees, including, but not limited to, state and local payroll withholding taxes, unemployment and supplemental unemployment taxes, disability taxes, xxxxxxx’x or workers’ compensation charges and related charges and fees, (c) state and local taxes imposed on overall gross receipts, sales and use taxes, fuel excise taxes and hotel occupancy taxes, (d) passenger facility fees and charges collected on behalf of and owed to various administrators, institutions, authorities, agencies and entities, (e) other similar federal, state or local taxes, charges and fees (including without limitation any amount required to be withheld or collected under applicable law) and (f) other funds held in trust for, or otherwise pledged to or segregated for the benefit of, an identified beneficiary; or (2) accounts, capitalized interest accounts, debt service reserve accounts, escrow accounts and other similar accounts of Parent or any Subsidiary or funds established in connection with the ARB Indebtedness.

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