APPENDIX A Operating Expense Limitation Agreement Direxion Shares ETF Trust
Exhibit (h)(vii)(B)
APPENDIX A
Operating Expense Limitation Agreement
FUND |
TOTAL |
TERMINATION DATE |
FUND STATUS | |||||
1. | Direxion Daily Total Market Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
2. | Direxion Daily Total Market Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
3. | Direxion Daily S&P 500® Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
4. | Direxion Daily S&P 500® Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
5. | Direxion Daily Mid Cap Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
6. | Direxion Daily Mid Cap Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
7. | Direxion Daily Small Cap Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
8. | Direxion Daily Small Cap Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
9. | Direxion Daily Developed Markets Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
10. | Direxion Daily Developed Markets Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
11. | Direxion Daily Emerging Markets Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
12. | Direxion Daily Emerging Markets Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
13. | Direxion Daily FTSE China Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
14. | Direxion Daily FTSE China Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
15. | Direxion Daily India Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
16. | Direxion Daily Latin America Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
17. | Direxion Daily Clean Energy Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
18. | Direxion Daily Clean Energy Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
19. | Direxion Daily Energy Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
20. | Direxion Daily Energy Bear 3X Shares | 0.95% | September 1, 2015 | Open |
A-1
FUND |
TOTAL |
TERMINATION DATE |
FUND STATUS | |||||
21. | Direxion Daily Energy Bull 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
22. | Direxion Daily Energy Bear 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
23. | Direxion Daily Financial Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
24. | Direxion Daily Financial Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
25. | Direxion Daily Technology Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
26. | Direxion Daily Technology Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
27. | Direxion Daily Real Estate Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
28. | Direxion Daily Real Estate Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
29. | Direxion Daily 7-10 Year Treasury Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
30. | Direxion Daily 7-10 Year Treasury Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
31. | Direxion Daily 20+Year Treasury Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
32. | Direxion Daily 20+Year Treasury Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
33. | Direxion Daily Basic Materials Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
34. | Direxion Daily Brazil Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
35. | Direxion Daily Brazil Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
36. | Direxion Daily Canada Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
37. | Direxion Daily Canada Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
38. | Direxion Daily Gold Miners Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
39. | Direxion Daily Gold Miners Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
40. | Direxion Daily Gold Miners Bull 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
41. | Direxion Daily Gold Miners Bear 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
42. | Direxion Daily Healthcare Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
43. | Direxion Daily Indonesia Bull 3X Shares | 0.95% | September 1, 2015 | Not Open |
A-2
FUND |
TOTAL |
TERMINATION DATE |
FUND STATUS | |||||
44. | Direxion Daily Indonesia Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
45. | Direxion Daily Malaysia Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
46. | Direxion Daily Malaysia Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
47. | Direxion Daily Natural Gas Related Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
48. | Direxion Daily Natural Gas Related Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
49. | Direxion Daily Regional Banks Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
50. | Direxion Daily Regional Banks Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
51. | Direxion Daily Retail Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
52. | Direxion Daily Russia Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
53. | Direxion Daily Russia Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
54. | Direxion Daily S&P 500® Cap Bull 2X Shares | 0.60% | September 1, 2015 | Not Open | ||||
55. | Direxion Daily S&P 500® Cap Bear 2X Shares | 0.60% | September 1, 2015 | Not Open | ||||
56. | Direxion Daily Semiconductor Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
57. | Direxion Daily Semiconductor Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
58. | Direxion Daily South Korea Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
59. | Direxion Daily South Korea Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
60. | Direxion Daily Taiwan Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
61. | Direxion Daily Taiwan Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
62. | Direxion Daily Thailand Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
63. | Direxion Daily Thailand Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
64. | Direxion Daily TIPs Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
65. | Direxion Daily TIPs Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
66. | Direxion Daily Total Bond Market Bull 3X Shares | 0.95% | September 1, 2015 | Not Open |
A-3
FUND |
TOTAL |
TERMINATION DATE |
FUND STATUS | |||||
67. | Direxion Daily Corporate Bond Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
68. | Direxion Daily Corporate Bond Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
69. | Direxion Daily High Yield Bond Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
70. | Direxion Daily High Yield Bond Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
71. | Direxion Daily Municipal Bond Taxable Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
72. | Direxion Daily Corporate Bond Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
73. | Direxion Daily 7-10 Year Treasury Bear 1X Shares | 0.65% | September 1, 2015 | Open | ||||
74. | Direxion Daily 20+Year Treasury Bear 1X Shares | 0.65% | September 1, 2015 | Open | ||||
75. | Direxion Daily Total Bond Market Bear 1X Shares | 0.65% | September 1, 2015 | Open | ||||
76. | Direxion Daily Small Cap Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
77. | Direxion Daily Total Market Bear 1X Shares | 0.65% | September 1, 2015 | Open | ||||
78. | Direxion Daily Emerging Markets Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
79. | Direxion Daily Developed Markets Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
80. | Direxion Daily Dow 30® Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
81. | Direxion Daily Large Cap Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
82. | Direxion Daily Municipal Bond Taxable Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
83. | Direxion Daily Financial Bull 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
84. | Direxion Daily Technology Bear 1X Shares | 0.65% | September 1, 2015 | Not Open | ||||
85. | Direxion Daily Junior Gold Miners Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
86. | Direxion Daily Junior Gold Miners Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
87. | Direxion Daily Silver Miners Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
88. | Direxion Daily Silver Miners Bear 3X Shares | 0.95% | September 1, 2015 | Not Open |
A-4
FUND |
TOTAL |
TERMINATION DATE |
FUND STATUS | |||||
89. | Direxion Daily Turkey Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
90. | Direxion Daily Turkey Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
91. | Direxion Daily FTSE Europe Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
92. | Direxion Daily FTSE Europe Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
93. | Direxion NASDAQ-100® Equal Weighted Index Shares | 0.35% | September 1, 2015 | Open | ||||
94. | Direxion All Cap Insider Sentiment Shares | 0.65% | September 1, 2015 | Open | ||||
95. | Direxion S&P 500® Index Volatility Response Shares | 0.45% | September 1, 2015 | Open | ||||
96. | Direxion Daily Japan Bull 3X Shares | 0.95% | September 1, 2015 | Open | ||||
97. | Direxion Daily Japan Bear 3X Shares | 0.95% | September 1, 2015 | Open | ||||
98. | Direxion Daily Mexico Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
99. | Direxion Daily Mexico Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
100. | Direxion Daily China A Share Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
101. | Direxion Daily China Energy Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
102. | Direxion Daily China Materials Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
103. | Direxion Daily China Industrials Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
104. | Direxion Daily China Consumer Discretionary Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
105. | Direxion Daily China Consumer Staples Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
106. | Direxion Daily China Health Care Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
107. | Direxion Daily China Financials Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
108. | Direxion Daily China Information Technology Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
109. | Direxion Daily China Telecommunication Services Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
110. | Direxion Daily China Utilities Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open |
A-5
FUND |
TOTAL |
TERMINATION DATE |
FUND STATUS | |||||
111. | Direxion Daily China A Share Bull 1.25X Shares | 0.95% | September 1, 2015 | Not Open | ||||
112. | Direxion Daily CSI 300 China A Share Bull 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
113. | Direxion Zacks MLP High Income Shares | 0.65% | September 1, 2015 | Open | ||||
114. | Direxion Daily MSCI European Financial Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
115. | Direxion Daily MSCI European Financial Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
116. | Direxion Daily Homebuilders Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
117. | Direxion Daily Homebuilders Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
118. | Direxion Daily Homebuilders Bull 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
119. | Direxion Daily Homebuilders Bear 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
120. | Direxion Daily European Emerging Market Debt Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
121. | Direxion Daily European Emerging Market Debt Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
122. | Direxion Daily Euro STOXX 50 Bull 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
123. | Direxion Daily Euro STOXX 50 Bear 3X Shares | 0.95% | September 1, 2015 | Not Open | ||||
124. | Direxion Daily MSCI Frontier Markets 100 Bull 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
125. | Direxion Daily MSCI Frontier Markets 100 Bear 2X Shares | 0.95% | September 1, 2015 | Not Open | ||||
126. | Direxion Daily Mid Cap Bull 2X Shares | 0.60% | September 1, 2015 | Not Open | ||||
127. | Direxion Daily Mid Cap Bear 2X Shares | 0. 60% | September 1, 2015 | Not Open | ||||
128. | Direxion Daily Small Cap Bull 2X Shares | 0. 60% | September 1, 2015 | Not Open | ||||
129. | Direxion Daily Small Cap Bear 2X Shares | 0. 60% | September 1, 2015 | Not Open | ||||
130. | Direxion Daily 7-10 Year Treasury Bull 2X Shares | 0. 60% | September 1, 2015 | Not Open | ||||
131. | Direxion Daily 7-10 Year Treasury Bear 2X Shares | 0. 60% | September 1, 2015 | Not Open | ||||
132. | Direxion Daily 20+ Year Treasury Bull 2X Shares | 0. 60% | September 1, 2015 | Not Open | ||||
133. | Direxion Daily 20+ Year Treasury Bear 2X Shares | 0. 60% | September 1, 2015 | Not Open |
A-6
FUND |
TOTAL |
TERMINATION DATE |
FUND STATUS | |||||
134. | Direxion Daily NASDAQ-100® Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
135. | Direxion Daily Xxxxxxx 1000® Growth Index Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
136. | Direxion Daily Xxxxxxx 1000® Value Index Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
137. | Direxion Daily S&P 500® Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
138. | Direxion Daily Mid Cap Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
139. | Direxion Daily Small Cap Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
140. | Direxion Daily Total Stock Market Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
141. | Direxion Daily FTSE Developed Markets Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
142. | Direxion Daily FTSE Emerging Markets Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
143. | Direxion Daily 7-10 Year Treasury Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
144. | Direxion Daily 20+ Year Treasury Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
145. | Direxion Daily Total Bond Market Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
146. | Direxion Daily Corporate Bond Bull 1.25X Shares | 0.45% | September 1, 2015 | Not Open | ||||
147. | Direxion iBillionaire Index ETF | 0.65% | September 1, 2015 | Not Open | ||||
148. | Direxion BNP VIX Strategy Shares | 0.60% | September 1, 2015 | Not Open | ||||
149. | Direxion Dynamic Commodity Strategy Shares | 0.80% | September 1, 2015 | Not Open | ||||
150. | Direxion Gold Low Volatility Strategy Shares | 0.95% | September 1, 2015 | Not Open |
Last Updated: May 8, 2014
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