REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
[ X ] | |
Pre-Effective Amendment No. |
___ |
[ ] |
Post-Effective Amendment No. |
388 |
[ X ] |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
[ X ] | |
Amendment No. |
390 |
[ X ] |
Stacy L. Fuller |
K&L Gates LLP |
1601 K Street, NW |
Washington, DC 20006 |
[ ] |
immediately upon filing pursuant to paragraph (b) |
[X] |
on March 1, 2023 pursuant to paragraph (b) |
[ ] |
60 days after filing pursuant to paragraph (a)(1) |
[ ] |
on (date) pursuant to paragraph (a)(1) |
[ ] |
75 days after filing pursuant to paragraph (a)(2) |
[ ] |
on (date) pursuant to paragraph (a)(2) of Rule 485. |
[ ] |
This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
1301 Avenue of the Americas (6th Avenue), 28th Floor |
New York, New York 10019 |
(866) 476-7523 |
Management Fees |
|
Distribution and/or Service (12b-1) Fees |
|
Other Expenses (Operating Services Fees)(1),(2) |
|
Total Annual Fund Operating Expenses |
|
1 Year |
3 Years |
$ |
$ |
Portfolio Managers |
Years of Service with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
1301 Avenue of the Americas (6th Avenue), 28th Floor |
New York, New York 10019 |
(866) 476-7523 |
Write to: |
Direxion Shares ETF Trust |
|
1301 Avenue of the Americas (6th Avenue), 28th Floor New York, New York 10019 |
Call: |
(866) 476-7523 |
By Internet: |
www.direxion.com |
1301 Avenue of the Americas (6th Avenue), 28th Floor |
New York, New York 10019 |
(866) 476-7523 |
|
Page |
1 | |
1 | |
1 | |
1 | |
2 | |
2 | |
2 | |
4 | |
4 | |
12 | |
13 | |
15 | |
16 | |
16 | |
17 | |
17 | |
18 | |
18 | |
19 | |
19 | |
25 | |
25 | |
26 | |
31 | |
31 | |
31 | |
31 | |
32 | |
32 | |
32 | |
33 | |
34 | |
34 | |
34 | |
35 | |
35 | |
36 | |
36 | |
37 | |
37 | |
38 | |
38 | |
38 | |
38 |
|
Page |
42 | |
42 | |
44 | |
44 | |
45 | |
46 | |
47 | |
47 | |
48 | |
48 | |
48 | |
49 | |
49 | |
50 | |
50 | |
50 | |
51 | |
51 | |
53 | |
53 | |
53 | |
53 | |
53 | |
54 | |
55 | |
55 | |
55 | |
55 | |
56 | |
56 | |
57 | |
57 | |
57 | |
61 | |
A-1 |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in Direxion Family of Investment Companies Overseen by Trustee(3) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
Daniel D. O’Neill(1) Age: 54 |
Chairman of the Board of Trustees |
Lifetime of Trust until removal or resignation; Since 2008 |
Chief Executive Officer, Rafferty Asset Management, LLC, April 2021 – September 2022; Managing Director, Rafferty Asset Management, LLC, January 1999 – January 2019. |
126 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in Direxion Family of Investment Companies Overseen by Trustee(3) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
Angela Brickl(2) Age: 46 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2022 |
Chief Executive Officer, Rafferty Asset Management, LLC since September 2022; Chief Operating Officer, Rafferty Asset Management, LLC May 2021 – September 2022; General Counsel, Rafferty Asset Management LLC, since October 2010; Chief Compliance Officer, Rafferty Asset Management, LLC, September 2012– March 2023. |
126 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in Direxion Family of Investment Companies Overseen by Trustee(3) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
David L. Driscoll Age: 53 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2014 |
Board Member, Algorithmic Research and Trading, since 2022; Board Advisor, University Common Real Estate, since 2012; Member, Kendrick LLC, since 2006; Partner, King Associates, LLP, since 2004; Principal, Grey Oaks LLP, since 2003. |
126 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in Direxion Family of Investment Companies Overseen by Trustee(3) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
Kathleen M. Berkery Age: 55 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2019 |
Chief Financial Officer, Metro Physical Therapy, LLC, since 2023; Chief Financial Officer, Student Sponsor Partners, 2021– 2023; Senior Manager- Trusts & Estates, Rynkar, Vail & Barrett, LLC, 2018 –2021. |
126 |
None. |
Carlyle Peake Age: 51 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2022 |
Head of US & LATAM Debt Syndicate, BBVA Securities, Inc., since 2011. |
126 |
None. |
Mary Jo Collins Age: 66 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2022 |
Managing Director, B. Riley Financial, March – December 2022; Managing Director, Imperial Capital LLC, from 2020-2022; Director, Royal Bank of Canada, 2014–2020. |
126 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office(3) and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in the Direxion Family of Investment Companies Overseen by Trustee(4) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
Angela Brickl(1) Age: 46 |
Chief Executive Officer |
Since 2022 |
Chief Executive Officer, Rafferty Asset Management, LLC, from September 2022; Chief Operating Officer, Rafferty Asset Management, LLC, May 2021 – September 2022; General Counsel, Rafferty Asset Management LLC, since October 2010; Chief Compliance Officer, Rafferty Asset Management, LLC, September 2012– March 2023. |
N/A |
N/A |
Todd Sherman(2) Age: 42 |
Chief Compliance Officer |
Since 2023 |
Chief Risk Officer, Rafferty Asset Management, LLC, since 2018; SVP Head of Risk, 2012–2018. |
N/A |
N/A |
Patrick J. Rudnick Age: 49 |
Principal Executive Officer |
Since 2018 |
Senior Vice President, Rafferty Asset Management, LLC, since March 2013. |
N/A |
N/A |
Corey Noltner Age: 34 |
Principal Financial Officer |
Since 2021 |
Senior Business Analyst, Rafferty Asset Management, LLC, since October 2015. |
N/A |
N/A |
Alyssa Sherman Age: 34 |
Secretary |
Since 2022 |
Assistant General Counsel, Rafferty Asset Management, LLC, since April 2021; Associate, K&L Gates LLP, September 2015 – March 2021. |
N/A |
N/A |
Dollar Range of Equity Securities Owned: |
Interested Trustees: |
Independent Trustees: | ||||
|
Daniel D. O’Neill |
Angela Brickl |
David L. Driscoll |
Kathleen M. Berkery |
Carlyle Peake |
Mary Jo Collins |
Aggregate Dollar Range of Equity Securities in the Direxion Family of Investment Companies(1) |
Over $100,000 |
$0 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation From the Trust(1) |
Pension or Retirement Benefits Accrued As Part of the Trust’s Expenses |
Estimated Annual Benefits Upon Retirement |
Aggregate Compensation From the Direxion Family of Investment Companies Paid to the Trustees(2) |
Interested Trustees | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Angela Brickl |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$133,438 |
$0 |
$0 |
$177,917 |
Kathleen M. Berkery |
$133,438 |
$0 |
$0 |
$177,917 |
Mary Jo Collins |
$133,438 |
$0 |
$0 |
$177,917 |
Carlyle Peake |
$133,438 |
$0 |
$0 |
$177,917 |
Accounts |
Total Number of Accounts |
Total Assets (In Billions) |
Total Number of Accounts with Performance Based Fees |
Total Assets of Accounts with Performance Based Fees |
Registered Investment Companies |
96 |
$22.8 |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum Additional Charge for Redemptions* |
Maximum Additional Charge for Purchases* | ||
|
In-Kind |
Cash | |||
NSCC |
Outside NSCC |
Outside NSCC | |||
Direxion NYSE FANG+ ETF |
$250 |
Up to 300% of NSCC Amount |
$250 |
Up to 2.00% |
Up to 5.00% |
1301 Avenue of the Americas (6th Avenue), 28th Floor |
New York, New York 10019 |
(866) 476-7523 |
Management Fees |
|
Distribution and/or Service (12b-1) Fees |
|
Other Expenses of the Fund |
|
Acquired Fund Fees and Expenses(1) |
|
Total Annual Fund Operating Expenses |
|
Expense Cap/Reimbursement(2) |
- |
Total Annual Fund Operating Expenses After Expense Cap/Reimbursement |
|
1 Year |
3 Years |
5 Years |
10 Years |
$ |
$ |
$ |
$ |
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Year |
Since Inception 9/30/2021 |
Return Before Taxes |
-87.10% |
-80.61% |
Return After Taxes on Distributions |
-87.10% |
-80.89% |
Return After Taxes on Distributions and Sale of Fund Shares |
-51.57% |
-57.65% |
ICE FANG 20 Index (reflects no deduction for fees, expenses or taxes) |
-57.91% |
-49.49% |
NYSE FANG+ Index (reflects no deduction for fees, expenses or taxes) |
-39.97% |
-30.35% |
S&P 500® Index (reflects no deduction for fees, expenses or taxes) |
-18.11% |
-8.18% |
Portfolio Managers |
Years of Service with the Fund |
Primary Title |
Paul Brigandi |
Since Inception in September 2021 |
Portfolio Manager |
Tony Ng |
Since Inception in September 2021 |
Portfolio Manager |
Day |
Index Value |
Index Performance |
Value of Investment |
|
$100.00 |
|
$100.00 |
1 |
$105.00 |
5.00% |
$105.00 |
2 |
$100.00 |
-4.76% |
$100.00 |
Day |
Index Performance |
200% of Index Performance |
Value of Investment |
|
|
|
$100.00 |
1 |
5.00% |
10.0% |
$110.00 |
2 |
-4.76% |
-9.52% |
$99.52 |
Volatility Range |
2X Fund Loss |
10% |
-1% |
20% |
-4% |
30% |
-9% |
40% |
-15% |
50% |
-23% |
60% |
-33% |
70% |
-47% |
80% |
-55% |
90% |
-76% |
100% |
-84% |
Index Move |
Resulting Exposure for the Fund |
-20% |
267% |
-15% |
243% |
-10% |
225% |
-5% |
211% |
0% |
200% |
5% |
191% |
10% |
183% |
15% |
177% |
20% |
171% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
105 |
5.00% |
5.00% |
$110.00 |
10.00% |
10.00% |
Day 2 |
110 |
4.76% |
10.00% |
$120.48 |
9.52% |
20.47% |
Day 3 |
100 |
-9.09% |
0.00% |
$98.57 |
-18.18% |
-1.43% |
Day 4 |
90 |
-10.00% |
-10.00% |
$78.86 |
-20.00% |
-21.14% |
Day 5 |
85 |
-5.56% |
-15.00% |
$70.10 |
-11.12% |
-29.91% |
Day 6 |
100 |
17.65% |
0.00% |
$94.83 |
35.30% |
-5.17% |
Day 7 |
95 |
-5.00% |
-5.00% |
$85.35 |
-10.00% |
-14.65% |
Day 8 |
100 |
5.26% |
0.00% |
$94.34 |
10.52% |
-5.68% |
Day 9 |
105 |
5.00% |
5.00% |
$103.77 |
10.00% |
3.76% |
Day 10 |
100 |
-4.76% |
0.00% |
$93.89 |
-9.52% |
-6.12% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
102 |
2.00% |
2.00% |
$104.00 |
4.00% |
4.00% |
Day 2 |
104 |
1.96% |
4.00% |
$108.08 |
3.92% |
8.08% |
Day 3 |
106 |
1.92% |
6.00% |
$112.24 |
3.84% |
12.23% |
Day 4 |
108 |
1.89% |
8.00% |
$116.47 |
3.78% |
16.47% |
Day 5 |
110 |
1.85% |
10.00% |
$120.78 |
3.70% |
20.78% |
Day 6 |
112 |
1.82% |
12.00% |
$125.18 |
3.64% |
25.17% |
Day 7 |
114 |
1.79% |
14.00% |
$129.65 |
3.58% |
29.66% |
Day 8 |
116 |
1.75% |
16.00% |
$134.20 |
3.50% |
34.19% |
Day 9 |
118 |
1.72% |
18.00% |
$138.82 |
3.44% |
38.81% |
Day 10 |
120 |
1.69% |
20.00% |
$143.53 |
3.38% |
43.50% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
98 |
-2.00% |
-2.00% |
$96.00 |
-4.00% |
-4.00% |
Day 2 |
96 |
-2.04% |
-4.00% |
$92.08 |
-4.08% |
-7.92% |
Day 3 |
94 |
-2.08% |
-6.00% |
$88.24 |
-4.16% |
-11.75% |
Day 4 |
92 |
-2.13% |
-8.00% |
$84.49 |
-4.26% |
-15.51% |
Day 5 |
90 |
-2.17% |
-10.00% |
$80.82 |
-4.34% |
-19.17% |
Day 6 |
88 |
-2.22% |
-12.00% |
$77.22 |
-4.44% |
-22.76% |
Day 7 |
86 |
-2.27% |
-14.00% |
$73.71 |
-4.54% |
-26.27% |
Day 8 |
84 |
-2.33% |
-16.00% |
$70.29 |
-4.66% |
-29.71% |
Day 9 |
82 |
-2.38% |
-18.00% |
$66.94 |
-4.76% |
-33.05% |
Day 10 |
80 |
-2.44% |
-20.00% |
$63.67 |
-4.88% |
-36.32% |
One Year Index |
200% One Year Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-120% |
-84.2% |
-85.0% |
-87.5% |
-90.9% |
-94.1% |
-50% |
-100% |
-75.2% |
-76.5% |
-80.5% |
-85.8% |
-90.8% |
-40% |
-80% |
-64.4% |
-66.2% |
-72.0% |
-79.5% |
-86.8% |
-30% |
-60% |
-51.5% |
-54.0% |
-61.8% |
-72.1% |
-82.0% |
-20% |
-40% |
-36.6% |
-39.9% |
-50.2% |
-63.5% |
-76.5% |
-10% |
-20% |
-19.8% |
-23.9% |
-36.9% |
-53.8% |
-70.2% |
0% |
0% |
-1.0% |
-6.1% |
-22.1% |
-43.0% |
-63.2% |
10% |
20% |
19.8% |
13.7% |
-5.8% |
-31.1% |
-55.5% |
20% |
40% |
42.6% |
35.3% |
12.1% |
-18.0% |
-47.0% |
30% |
60% |
67.3% |
58.8% |
31.6% |
-3.7% |
-37.8% |
40% |
80% |
94.0% |
84.1% |
52.6% |
11.7% |
-27.9% |
50% |
100% |
122.8% |
111.4% |
75.2% |
28.2% |
-17.2% |
60% |
120% |
153.5% |
140.5% |
99.4% |
45.9% |
-5.8% |
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value, Beginning of Year/Period |
Net Investment Income (Loss)1,2 |
Net Investment Income (Loss)1,3 |
Net Realized and Unrealized Gain (Loss) on Investments4 |
Net Increase (Decrease) in Net Asset Value Resulting from Operations |
Dividends from Net Investment Income |
Distributions from Realized Capital Gains |
Distributions from Return of Capital |
Total Distributions |
Net Asset Value, End of Year/Period |
Direxion Daily Select Large Caps & FANGs Bull 2X Shares |
|
|
|
|
|
|
|
|
|
|
For the Year Ended October 31, 2022 |
$29.65 |
(0.03) |
(0.03) |
(24.08) |
(24.11) |
– |
(1.17) |
(0.01) |
(1.18) |
$4.36 |
For the Period September 30, 20218 through October 31, 2021 |
$25.00 |
(0.02) |
(0.02) |
4.67 |
4.65 |
– |
– |
– |
– |
$29.65 |
|
|
|
RATIOS TO AVERAGE NET ASSETS7 |
| |||||
|
Total Return5 |
Net Assets, End of Year/Period (000's omitted) |
Net Expenses2,6 |
Total Expenses2 |
Net Investment Income (Loss) after Expense Reimbursement2 |
Net Expenses3,6 |
Total Expenses3 |
Net Investment Income (Loss) after Expense Reimbursement3 |
Portfolio Turnover Rate7 |
Direxion Daily Select Large Caps & FANGs Bull 2X Shares |
|
|
|
|
|
|
|
|
|
For the Year Ended October 31, 2022 |
(84.62)% |
$12,640 |
0.96% |
1.15% |
(0.39)% |
0.95% |
1.14% |
(0.38)% |
170% |
For the Period September 30, 20218 through October 31, 2021 |
18.60% |
$7,413 |
0.95% |
3.72% |
(0.94)% |
0.95% |
3.72% |
(0.94)% |
20% |
1301 Avenue of the Americas (6th Avenue), 28th Floor |
New York, New York 10019 |
(866) 476-7523 |
Write to: |
Direxion Shares ETF Trust |
|
1301 Avenue of the Americas (6th Avenue), 28th Floor New York, New York 10019 |
Call: |
(866) 476-7523 |
By Internet: |
www.direxion.com |
1301 Avenue of the Americas (6th Avenue), 28th Floor |
New York, New York 10019 |
(866) 476-7523 |
|
Page |
1 | |
1 | |
1 | |
1 | |
2 | |
2 | |
2 | |
4 | |
4 | |
12 | |
13 | |
15 | |
16 | |
16 | |
17 | |
17 | |
18 | |
18 | |
19 | |
20 | |
25 | |
25 | |
26 | |
27 | |
27 | |
27 | |
27 | |
28 | |
28 | |
33 | |
33 | |
34 | |
34 | |
34 | |
35 | |
35 | |
36 | |
37 | |
37 | |
38 | |
39 | |
39 | |
39 | |
40 |
|
Page |
40 | |
43 | |
43 | |
45 | |
46 | |
47 | |
48 | |
49 | |
49 | |
50 | |
50 | |
51 | |
51 | |
51 | |
52 | |
52 | |
53 | |
54 | |
54 | |
55 | |
55 | |
55 | |
56 | |
56 | |
57 | |
57 | |
57 | |
58 | |
58 | |
58 | |
58 | |
59 | |
59 | |
59 | |
64 | |
A-1 |
One Year Index |
200% One Year Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
-120% |
-84.2% |
-85.0% |
-87.5% |
-90.9% |
-94.1% |
-50% |
-100% |
-75.2% |
-76.5% |
-80.5% |
-85.8% |
-90.8% |
-40% |
-80% |
-64.4% |
-66.2% |
-72.0% |
-79.5% |
-86.8% |
-30% |
-60% |
-51.5% |
-54.0% |
-61.8% |
-72.1% |
-82.0% |
-20% |
-40% |
-36.6% |
-39.9% |
-50.2% |
-63.5% |
-76.5% |
-10% |
-20% |
-19.8% |
-23.9% |
-36.9% |
-53.8% |
-70.2% |
0% |
0% |
-1.0% |
-6.1% |
-22.1% |
-43.0% |
-63.2% |
10% |
20% |
19.8% |
13.7% |
-5.8% |
-31.1% |
-55.5% |
20% |
40% |
42.6% |
35.3% |
12.1% |
-18.0% |
-47.0% |
30% |
60% |
67.3% |
58.8% |
31.6% |
-3.7% |
-37.8% |
40% |
80% |
94.0% |
84.1% |
52.6% |
11.7% |
-27.9% |
50% |
100% |
122.8% |
111.4% |
75.2% |
28.2% |
-17.2% |
60% |
120% |
153.5% |
140.5% |
99.4% |
45.9% |
-5.8% |
Direxion Daily NYSE FANG+ Bull 2X Shares |
Brokerage Fees Paid |
Year Ended October 31, 2022 |
$38,523 |
September 30, 2021* - October 31, 2021 |
$2,335 |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in Direxion Family of Investment Companies Overseen by Trustee(3) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
Daniel D. O’Neill(1) Age: 54 |
Chairman of the Board of Trustees |
Lifetime of Trust until removal or resignation; Since 2008 |
Chief Executive Officer, Rafferty Asset Management, LLC, April 2021 – September 2022; Managing Director, Rafferty Asset Management, LLC, January 1999 – January 2019. |
126 |
None. |
Angela Brickl(2) Age: 46 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2022 |
Chief Executive Officer, Rafferty Asset Management, LLC since September 2022; Chief Operating Officer, Rafferty Asset Management, LLC May 2021 – September 2022; General Counsel, Rafferty Asset Management LLC, since October 2010; Chief Compliance Officer, Rafferty Asset Management, LLC, September 2012– March 2023. |
126 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in Direxion Family of Investment Companies Overseen by Trustee(3) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
David L. Driscoll Age: 53 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2014 |
Board Member, Algorithmic Research and Trading, since 2022; Board Advisor, University Common Real Estate, since 2012; Member, Kendrick LLC, since 2006; Partner, King Associates, LLP, since 2004; Principal, Grey Oaks LLP, since 2003. |
126 |
None. |
Kathleen M. Berkery Age: 55 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2019 |
Chief Financial Officer, Metro Physical Therapy, LLC, since 2023; Chief Financial Officer, Student Sponsor Partners, 2021– 2023; Senior Manager- Trusts & Estates, Rynkar, Vail & Barrett, LLC, 2018 –2021. |
126 |
None. |
Carlyle Peake Age: 51 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2022 |
Head of US & LATAM Debt Syndicate, BBVA Securities, Inc., since 2011. |
126 |
None. |
Mary Jo Collins Age: 66 |
Trustee |
Lifetime of Trust until removal or resignation; Since 2022 |
Managing Director, B. Riley Financial, March – December 2022; Managing Director, Imperial Capital LLC, from 2020-2022; Director, Royal Bank of Canada, 2014–2020. |
126 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office(3) and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in the Direxion Family of Investment Companies Overseen by Trustee(4) |
Other Trusteeships/ Directorships Held by Trustee During Past Five Years |
Angela Brickl(1) Age: 46 |
Chief Executive Officer |
Since 2022 |
Chief Executive Officer, Rafferty Asset Management, LLC, from September 2022; Chief Operating Officer, Rafferty Asset Management, LLC, May 2021 – September 2022; General Counsel, Rafferty Asset Management LLC, since October 2010; Chief Compliance Officer, Rafferty Asset Management, LLC, September 2012– March 2023. |
N/A |
N/A |
Todd Sherman(2) Age: 42 |
Chief Compliance Officer |
Since 2023 |
Chief Risk Officer, Rafferty Asset Management, LLC, since 2018; SVP Head of Risk, 2012–2018. |
N/A |
N/A |
Patrick J. Rudnick Age: 49 |
Principal Executive Officer |
Since 2018 |
Senior Vice President, Rafferty Asset Management, LLC, since March 2013. |
N/A |
N/A |
Corey Noltner Age: 34 |
Principal Financial Officer |
Since 2021 |
Senior Business Analyst, Rafferty Asset Management, LLC, since October 2015. |
N/A |
N/A |
Alyssa Sherman Age: 34 |
Secretary |
Since 2022 |
Assistant General Counsel, Rafferty Asset Management, LLC, since April 2021; Associate, K&L Gates LLP, September 2015 – March 2021. |
N/A |
N/A |
Dollar Range of Equity Securities Owned: |
Interested Trustees: |
Independent Trustees: | ||||
|
Daniel D. O’Neill |
Angela Brickl |
David L. Driscoll |
Kathleen M. Berkery |
Carlyle Peake |
Mary Jo Collins |
Direxion Daily NYSE FANG+ Bull 2X Shares |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
Aggregate Dollar Range of Equity Securities in the Direxion Family of Investment Companies(1) |
$1-$10,000 |
$0 |
$0 |
$0 |
$0 |
$0 |
Name of Person, Position |
Aggregate Compensation From the Trust(1) |
Pension or Retirement Benefits Accrued As Part of the Trust’s Expenses |
Estimated Annual Benefits Upon Retirement |
Aggregate Compensation From the Direxion Family of Investment Companies Paid to the Trustees(2) |
Interested Trustees | ||||
Daniel D. O’Neill |
$0 |
$0 |
$0 |
$0 |
Angela Brickl |
$0 |
$0 |
$0 |
$0 |
Independent Trustees | ||||
David L. Driscoll |
$133,438 |
$0 |
$0 |
$177,917 |
Kathleen M. Berkery |
$133,438 |
$0 |
$0 |
$177,917 |
Mary Jo Collins |
$133,438 |
$0 |
$0 |
$177,917 |
Carlyle Peake |
$133,438 |
$0 |
$0 |
$177,917 |
Name and Address |
Parent Company |
Jurisdiction |
% Ownership |
Type of Ownership |
National Financial Services LLC 200 Liberty Street New York, NY 10281 |
N/A |
N/A |
23.75% |
Record |
TD Ameritrade Clearing LLC 1005 N Ameritrade Place Bellevue, NE 68005 |
N/A |
N/A |
21.31% |
Record |
Charles Schwab & Co. 2423 E Lincoln Drive Phoenix, AZ 85016 |
N/A |
N/A |
12.63% |
Record |
Merrill Lynch, Pierce Fenner, Smith 4804 Deer Lake Drive E Jacksonville, FL 32246 |
N/A |
N/A |
9.98% |
Record |
E*Trade Clearing LLC 34 Exchange Place Plaza II Jersey City, NJ 07311 |
N/A |
N/A |
9.53% |
Record |
Interactive Brokers 8 Greenwich Office Park 2nd Floor Greenwich, CT 06831 |
N/A |
N/A |
6.52% |
Record |
Direxion Daily NYSE FANG+ Bull 2X Shares |
Advisory fee accrued |
Fees waived and expenses reimbursed by Adviser |
Total fees paid to (waived by) Adviser |
Year Ended October 31, 2022(1) |
$86,401 |
$22,305 |
$64,096 |
September 30, 2021(2) - October 31, 2021 |
$4,116 |
$15,215 |
$(11,099) |
Direxion Daily NYSE FANG+ Bull 2X Shares |
Fees Paid |
Year Ended October 31, 2022 |
$2,860 |
September 30, 2021* - October 31, 2021 |
$136 |
Accounts |
Total Number of Accounts |
Total Assets (In Billions) |
Total Number of Accounts with Performance Based Fees |
Total Assets of Accounts with Performance Based Fees |
Registered Investment Companies |
95 |
$22.7 |
0 |
$0 |
Other Pooled Investment Vehicles |
0 |
$0 |
0 |
$0 |
Other Accounts |
0 |
$0 |
0 |
$0 |
|
Fees paid to the Administrator |
Year Ended October 31, 2022 |
$3,096,129 |
Year Ended October 31, 2021 |
$2,904,951 |
|
Fees paid to the Fund Accounting Agent |
Year Ended October 31, 2022 |
$2,506,424 |
Year Ended October 31, 2021 |
$2,405,447 |
Fees and/or Compensation for Securities Lending Activities and Related Services | |||||||||
Fund Name |
Gross Income from Securities Lending Activities |
Fees Paid to Securities Lending Agent from the Revenue Split |
Fees Paid for any Cash Collateral Manage- ment Service (Including Fees Deducted from a Pooled Cash Collateral Reinvest- ment Vehicle) that are not Included in the Revenue Split |
Admin- istrative Fees not Included in the Revenue Split |
Indem- nification Fees not Included in the Revenue Split |
Borrower Rebates |
Other Fees not Included in the Revenue Split (specify) |
Aggregate Fees/ Comp- ensation for Securities Lending Activities |
Net Income from Securities Lending Activities |
Direxion Daily NYSE FANG+ Bull 2X Shares |
$20,295 |
$4,076 |
$- |
$- |
$- |
$79 |
$- |
$4,155 |
$16,140 |
Direxion Shares ETF Trust |
Fixed Transaction Fee |
Maximum Additional Charge for Redemptions* |
Maximum Additional Charge for Purchases* | ||
|
In-Kind |
Cash | |||
NSCC |
Outside NSCC |
Outside NSCC | |||
Direxion Daily NYSE FANG+ Bull 2X Shares |
$250 |
Up to 300% of NSCC Amount |
$250 |
Up to 2.00% |
Up to 5.00% |
Fund |
Utilized in Current Year |
Unlimited Short- Term |
Unlimited Long-Term |
Direxion Daily NYSE FANG+ Bull 2X Shares |
$— |
$3,369,884 |
$345,826 |
Write to: |
Direxion Shares ETF Trust 1301 Avenue of the Americas (6th Avenue), 28th Floor New York, New York 10019 |
Call: |
(866) 476-7523 |
By Internet: |
www.direxion.com |
(a) |
(i) |
|
|
(ii) |
|
(b) |
|
|
(c) |
|
Shareholders’ Rights are contained in Articles IV, V, VI, IX, and X of the Trust’s Trust Instrument and Articles V, VI, VII, VIII and IX of the Trust’s By-Laws. |
(d) |
(A) |
|
|
(B) |
|
(e) |
(i)(A) |
|
|
(i)(B) |
|
|
(ii) |
|
(f) |
|
Bonus, profit sharing contracts – None. |
(g) |
(i)(A) |
|
|
(i)(B) |
|
|
(ii) |
|
(h) |
(i)(A) |
|
|
(i)(B) |
|
|
(ii) |
|
(iii) |
|
|
(iv)(A) |
|
|
(iv)(B) |
|
|
(v)(A) |
|
|
(v)(B) |
|
|
(vi)(A) |
|
|
(vi)(B) |
|
|
(vii)(A) |
|
|
(vii)(B) |
|
|
(vii)(C) |
|
|
(viii)(A) |
|
|
(viii)(B) |
|
|
(ix) |
|
(i) |
|
|
(j) |
(i) |
|
|
(ii) |
|
(k) |
|
Financial Statements omitted from prospectus – None. |
(l) |
|
|
(m) |
(i)(A) |
|
(i)(B) |
|
(n) |
|
Rule 18f-3 Plan – None. |
(o) |
|
Reserved. |
(p) |
|
|
101.INS |
XBRL Instance | |
101.SCH |
XBRL Taxonomy Extension Schema | |
101.CAL |
XBRL Taxonomy Extension Calculation Linkbase | |
101.DEF |
XBRL Taxonomy Extension Definition Linkbase | |
101.LAB |
XBRL Taxonomy Extension Labels Linkbase | |
101.PRE |
XBRL Taxonomy Extension Presentation Linkbase |
Name |
Address |
Positions and Offices with Underwriter |
Position and Offices with Registrant |
Teresa Cowan |
111 E. Kilbourn Ave, Suite 2200, Milwaukee, WI 53202 |
President/Manager |
None |
Chris Lanza |
Three Canal Plaza, Suite 100, Portland, ME 04101 |
Vice President |
None |
Kate Macchia |
Three Canal Plaza, Suite 100, Portland, ME 04101 |
Vice President |
None |
Nanette K. Chern |
Three Canal Plaza, Suite 100, Portland, ME 04101 |
Vice President and Chief Compliance Officer |
None |
Kelly B. Whetstone |
Three Canal Plaza, Suite 100, Portland, ME 04101 |
Secretary |
None |
Susan L. LaFond |
111 E. Kilbourn Ave, Suite 2200, Milwaukee, WI 53202 |
Treasurer |
None |
DIREXION SHARES ETF TRUST | |
By: |
/s/ Patrick J. Rudnick* |
|
Patrick J. Rudnick |
|
Principal Executive Officer |
Signature |
Title |
Date |
/s/ Daniel D. O’Neill* |
Chairman of the Board |
February 28, 2023 |
Daniel D. O’Neill |
|
|
/s/ Angela Brickl |
Trustee |
February 28, 2023 |
Angela Brickl |
| |
/s/ David L. Driscoll* |
Trustee |
February 28, 2023 |
David L. Driscoll |
|
|
/s/ Kathleen M. Berkery* |
Trustee |
February 28, 2023 |
Kathleen M. Berkery |
|
|
/s/ Mary Jo Collins* |
Trustee |
February 28, 2023 |
Mary Jo Collins |
| |
/s/ Carlyle Peake* |
Trustee |
February 28, 2023 |
Carlyle Peake |
| |
/s/ Patrick J. Rudnick* |
Principal Executive Officer |
February 28, 2023 |
Patrick J. Rudnick |
| |
/s/ Corey Noltner* |
Principal Financial Officer |
February 28, 2023 |
Corey Noltner |
|
|
*By: /s/ Angela Brickl |
|
|