REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
[ X ] | |
Pre-Effective Amendment No. |
___ |
[ ] |
Post-Effective Amendment No. |
390 |
[ X ] |
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
[ X ] | |
Amendment No. |
392 |
[ X ] |
Stacy L. Fuller |
K&L Gates LLP |
1601 K Street, NW |
Washington, DC 20006 |
[ X ] |
immediately upon filing pursuant to paragraph (b) |
[ ] |
on (date) 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 |
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Distribution and/or Service (12b-1) Fees |
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Other Expenses of the Fund(1) |
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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 |
$ |
$ |
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Portfolio Managers |
Years of Service with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
Portfolio Manager |
Day |
Index Value |
Index Performance |
Value of Fund A Investment |
|
$100.00 |
|
$100.00 |
1 |
$105.00 |
5.00% |
$105.00 |
2 |
$100.00 |
-4.76% |
$100.00 |
Day |
Index Performance |
-100% of Index Performance |
Value of Fund B Investment |
|
|
|
$100.00 |
1 |
5.00% |
-5.00% |
$95.00 |
2 |
-4.76% |
4.76% |
$99.52 |
Volatility Range |
Fund Loss |
10% |
-1% |
20% |
-4% |
30% |
-9% |
40% |
-15% |
50% |
-22% |
60% |
-30% |
70% |
-39% |
80% |
-47% |
90% |
-55% |
100% |
-63% |
Index Move |
Resulting Exposure for a Fund |
-5% |
-90% |
-4% |
-92% |
-3% |
-94% |
-2% |
-96% |
-1% |
-98% |
0% |
-100% |
1% |
-102% |
2% |
-104% |
3% |
-106% |
4% |
-108% |
5% |
-110% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
105 |
5.00% |
5.00% |
$95.00 |
-5.00% |
-5.00% |
Day 2 |
110 |
4.76% |
10.00% |
$90.47 |
-4.76% |
-9.53% |
Day 3 |
100 |
-9.09% |
0.00% |
$98.69 |
9.09% |
-1.31% |
Day 4 |
90 |
-10.00% |
-10.00% |
$108.55 |
10.00% |
8.55% |
Day 5 |
85 |
-5.56% |
-15.00% |
$114.58 |
5.56% |
14.58% |
Day 6 |
100 |
17.65% |
0.00% |
$94.35 |
-17.65% |
-5.65% |
Day 7 |
95 |
-5.00% |
-5.00% |
$99.06 |
5.00% |
-0.94% |
Day 8 |
100 |
5.26% |
0.00% |
$93.84 |
-5.26% |
-6.16% |
Day 9 |
105 |
5.00% |
5.00% |
$89.14 |
-5.00% |
-10.86% |
Day 10 |
100 |
-4.76% |
0.00% |
$93.38 |
4.76% |
-6.62% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
102 |
2.00% |
2.00% |
$98.00 |
-2.00% |
-2.00% |
Day 2 |
104 |
1.96% |
4.00% |
$96.07 |
-1.96% |
-3.93% |
Day 3 |
106 |
1.92% |
6.00% |
$94.22 |
-1.92% |
-5.78% |
Day 4 |
108 |
1.89% |
8.00% |
$92.43 |
-1.89% |
-7.57% |
Day 5 |
110 |
1.85% |
10.00% |
$90.72 |
-1.85% |
-9.28% |
Day 6 |
112 |
1.82% |
12.00% |
$89.06 |
-1.82% |
-10.94% |
Day 7 |
114 |
1.79% |
14.00% |
$87.46 |
-1.79% |
-12.54% |
Day 8 |
116 |
1.75% |
16.00% |
$85.92 |
-1.75% |
-14.08% |
Day 9 |
118 |
1.72% |
18.00% |
$84.44 |
-1.72% |
-15.56% |
Day 10 |
120 |
1.69% |
20.00% |
$83.01 |
-1.69% |
-16.91% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
98 |
-2.00% |
-2.00% |
$102.00 |
2.00% |
2.00% |
Day 2 |
96 |
-2.04% |
-4.00% |
$104.08 |
2.04% |
4.08% |
Day 3 |
94 |
-2.08% |
-6.00% |
$106.24 |
2.08% |
6.24% |
Day 4 |
92 |
-2.13% |
-8.00% |
$108.50 |
2.13% |
8.50% |
Day 5 |
90 |
-2.17% |
-10.00% |
$110.85 |
2.17% |
10.85% |
Day 6 |
88 |
-2.22% |
-12.00% |
$113.31 |
2.22% |
13.31% |
Day 7 |
86 |
-2.27% |
-14.00% |
$115.88 |
2.27% |
15.88% |
Day 8 |
84 |
-2.33% |
-16.00% |
$118.58 |
2.33% |
18.58% |
Day 9 |
82 |
-2.38% |
-18.00% |
$121.40 |
2.38% |
21.40% |
Day 10 |
80 |
-2.44% |
-20.00% |
$124.36 |
2.44% |
24.36% |
One Year Index |
-100% One Year Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
60% |
148.55% |
134.42% |
95.28% |
43.98% |
-5.83% |
-50% |
50% |
99.13% |
87.77% |
56.26% |
15.23% |
-24.77% |
-40% |
40% |
66.08% |
56.57% |
30.21% |
-4.08% |
-37.57% |
-30% |
30% |
42.43% |
34.25% |
11.56% |
-17.98% |
-46.76% |
-20% |
20% |
24.67% |
17.47% |
-2.47% |
-28.38% |
-53.72% |
-10% |
10% |
10.83% |
4.44% |
-13.28% |
-36.52% |
-58.79% |
0% |
0% |
-0.25% |
-6.04% |
-22.08% |
-42.90% |
-63.23% |
10% |
-10% |
-9.32% |
-14.64% |
-29.23% |
-48.27% |
-66.67% |
20% |
-20% |
-16.89% |
-21.75% |
-35.24% |
-52.72% |
-69.67% |
30% |
-30% |
-23.29% |
-27.84% |
-40.25% |
-56.41% |
-71.94% |
40% |
-40% |
-28.78% |
-33.01% |
-44.63% |
-59.81% |
-74.32% |
50% |
-50% |
-33.55% |
-37.52% |
-48.57% |
-62.60% |
-76.19% |
60% |
-60% |
-37.72% |
-41.51% |
-51.96% |
-65.19% |
-78.12% |
Fund |
Symbol |
Direxion Daily NYSE FANG+ Bear 1X Shares |
|
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 |
|
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55 | |
56 | |
56 | |
56 | |
60 | |
A-1 |
One Year Index |
-100% One Year Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
60% |
148.55% |
134.42% |
95.28% |
43.98% |
-5.83% |
-50% |
50% |
99.13% |
87.77% |
56.26% |
15.23% |
-24.77% |
-40% |
40% |
66.08% |
56.57% |
30.21% |
-4.08% |
-37.57% |
-30% |
30% |
42.43% |
34.25% |
11.56% |
-17.98% |
-46.76% |
-20% |
20% |
24.67% |
17.47% |
-2.47% |
-28.38% |
-53.72% |
-10% |
10% |
10.83% |
4.44% |
-13.28% |
-36.52% |
-58.79% |
0% |
0% |
-0.25% |
-6.04% |
-22.08% |
-42.90% |
-63.23% |
10% |
-10% |
-9.32% |
-14.64% |
-29.23% |
-48.27% |
-66.67% |
20% |
-20% |
-16.89% |
-21.75% |
-35.24% |
-52.72% |
-69.67% |
30% |
-30% |
-23.29% |
-27.84% |
-40.25% |
-56.41% |
-71.94% |
40% |
-40% |
-28.78% |
-33.01% |
-44.63% |
-59.81% |
-74.32% |
50% |
-50% |
-33.55% |
-37.52% |
-48.57% |
-62.60% |
-76.19% |
60% |
-60% |
-37.72% |
-41.51% |
-51.96% |
-65.19% |
-78.12% |
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. |
128 |
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. |
128 |
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. |
128 |
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. |
128 |
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. |
128 |
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. |
128 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office(2) and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in the Direxion Family of Investment Companies Overseen by Trustee(3) |
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 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) |
$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 |
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 |
$26.7 |
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 Daily NYSE FANG+ Bear 1X Shares |
N/A |
N/A |
$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(1) |
|
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 |
$ |
$ |
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Portfolio Managers |
Years of Service with the Fund |
Primary Title |
Paul Brigandi |
Since Inception |
Portfolio Manager |
Tony Ng |
Since Inception |
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% |
$90.00 |
2 |
-4.76% |
9.52% |
$99.52 |
Volatility Range |
2X Fund Loss |
10% |
-3% |
20% |
-12% |
30% |
-26% |
40% |
-45% |
50% |
-65% |
60% |
-92% |
70% |
-99% |
80% |
-99% |
90% |
-99% |
100% |
-99% |
Index Move |
Resulting Exposure for the Fund |
-20% |
114% |
-15% |
131% |
-10% |
150% |
-5% |
173% |
0% |
200% |
5% |
233% |
10% |
275% |
15% |
329% |
20% |
400% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
DailyPerformance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
105 |
5.00% |
5.00% |
$90.00 |
-10.00% |
-10.00% |
Day 2 |
110 |
4.76% |
10.00% |
$81.43 |
-9.52% |
-18.57% |
Day 3 |
100 |
-9.09% |
0.00% |
$96.23 |
18.18% |
-3.76% |
Day 4 |
90 |
-10.00% |
-10.00% |
$115.48 |
20.00% |
15.48% |
Day 5 |
85 |
-5.56% |
-15.00% |
$128.31 |
11.12% |
28.33% |
Day 6 |
100 |
17.65% |
0.00% |
$83.03 |
-35.30% |
-16.97% |
Day 7 |
95 |
-5.00% |
-5.00% |
$91.33 |
10.00% |
-8.67% |
Day 8 |
100 |
5.26% |
0.00% |
$81.71 |
-10.52% |
-18.28% |
Day 9 |
105 |
5.00% |
5.00% |
$73.54 |
-10.00% |
-26.45% |
Day 10 |
100 |
-4.76% |
0.00% |
$80.55 |
9.52% |
-19.45% |
Index |
Fund | |||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance |
|
100 |
|
|
$100.00 |
|
|
Day 1 |
102 |
2.00% |
2.00% |
$96.00 |
-4.00% |
-4.00% |
Day 2 |
104 |
1.96% |
4.00% |
$92.24 |
-3.92% |
-7.76% |
Day 3 |
106 |
1.92% |
6.00% |
$88.69 |
-3.84% |
-11.31% |
Day 4 |
108 |
1.89% |
8.00% |
$85.34 |
-3.78% |
-14.66% |
Day 5 |
110 |
1.85% |
10.00% |
$82.18 |
-3.70% |
-17.82% |
Day 6 |
112 |
1.82% |
12.00% |
$79.19 |
-3.64% |
-20.81% |
Day 7 |
114 |
1.79% |
14.00% |
$76.36 |
-3.58% |
-23.64% |
Day 8 |
116 |
1.75% |
16.00% |
$73.68 |
-3.50% |
-26.31% |
Day 9 |
118 |
1.72% |
18.00% |
$71.14 |
-3.44% |
-28.85% |
Day 10 |
120 |
1.69% |
20.00% |
$68.73 |
-3.38% |
-31.25% |
Index |
Fund | ||||||
|
Value |
Daily Performance |
Cumulative Performance |
NAV |
Daily Performance |
Cumulative Performance | |
|
100 |
|
|
$100.00 |
|
| |
Day 1 |
98 |
-2.00% |
-2.00% |
$104.00 |
4.00% |
4.00% | |
Day 2 |
96 |
-2.04% |
-4.00% |
$108.24 |
4.08% |
8.24% | |
Day 3 |
94 |
-2.08% |
-6.00% |
$112.76 |
4.16% |
12.75% | |
Day 4 |
92 |
-2.13% |
-8.00% |
$117.55 |
4.26% |
17.55% | |
Day 5 |
90 |
-2.17% |
-10.00% |
$122.66 |
4.34% |
22.65% | |
Day 6 |
88 |
-2.22% |
-12.00% |
$128.12 |
4.44% |
28.10% | |
Day 7 |
86 |
-2.27% |
-14.00% |
$133.94 |
4.54% |
33.91% | |
Day 8 |
84 |
-2.33% |
-16.00% |
$140.17 |
4.66% |
40.15% | |
Day 9 |
82 |
-2.38% |
-18.00% |
$146.84 |
4.76% |
46.82% | |
Day 10 |
80 |
-2.44% |
-20.00% |
$154.01 |
4.88% |
53.99% |
One Year Index |
-200% One Year Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
120% |
506.5% |
418.1% |
195.2% |
15.6% |
-68.9% |
-50% |
100% |
288.2% |
231.6% |
88.9% |
-26.0% |
-80.1% |
-40% |
80% |
169.6% |
130.3% |
31.2% |
-48.6% |
-86.2% |
-30% |
60% |
98.1% |
69.2% |
-3.6% |
-62.2% |
-89.8% |
-20% |
40% |
51.6% |
29.5% |
-26.2% |
-71.1% |
-92.2% |
-10% |
20% |
19.8% |
2.3% |
-41.7% |
-77.2% |
-93.9% |
0% |
0% |
-3.0% |
-17.1% |
-52.8% |
-81.5% |
-95.0% |
10% |
-20% |
-19.8% |
-31.5% |
-61.0% |
-84.7% |
-95.9% |
20% |
-40% |
-32.6% |
-42.4% |
-67.2% |
-87.2% |
-96.5% |
30% |
-60% |
-42.6% |
-50.9% |
-72.0% |
-89.1% |
-97.1% |
40% |
-80% |
-50.5% |
-57.7% |
-75.9% |
-90.6% |
-97.5% |
50% |
-100% |
-56.9% |
-63.2% |
-79.0% |
-91.8% |
-97.8% |
60% |
-120% |
-62.1% |
-67.6% |
-81.5% |
-92.8% |
-98.1% |
Fund |
Symbol |
Direxion Daily NYSE FANG+ Bear 2X Shares |
|
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 |
|
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61 | |
A-1 |
One Year Index |
-200% One Year Index |
Volatility Rate | ||||
Return |
Return |
10% |
25% |
50% |
75% |
100% |
-60% |
120% |
506.5% |
418.1% |
195.2% |
15.6% |
-68.9% |
-50% |
100% |
288.2% |
231.6% |
88.9% |
-26.0% |
-80.1% |
-40% |
80% |
169.6% |
130.3% |
31.2% |
-48.6% |
-86.2% |
-30% |
60% |
98.1% |
69.2% |
-3.6% |
-62.2% |
-89.8% |
-20% |
40% |
51.6% |
29.5% |
-26.2% |
-71.1% |
-92.2% |
-10% |
20% |
19.8% |
2.3% |
-41.7% |
-77.2% |
-93.9% |
0% |
0% |
-3.0% |
-17.1% |
-52.8% |
-81.5% |
-95.0% |
10% |
-20% |
-19.8% |
-31.5% |
-61.0% |
-84.7% |
-95.9% |
20% |
-40% |
-32.6% |
-42.4% |
-67.2% |
-87.2% |
-96.5% |
30% |
-60% |
-42.6% |
-50.9% |
-72.0% |
-89.1% |
-97.1% |
40% |
-80% |
-50.5% |
-57.7% |
-75.9% |
-90.6% |
-97.5% |
50% |
-100% |
-56.9% |
-63.2% |
-79.0% |
-91.8% |
-97.8% |
60% |
-120% |
-62.1% |
-67.6% |
-81.5% |
-92.8% |
-98.1% |
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. |
128 |
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. |
128 |
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. |
128 |
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. |
128 |
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. |
128 |
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. |
128 |
None. |
Name, Address and Age |
Position(s) Held with Fund |
Term of Office(2) and Length of Time Served |
Principal Occupation(s) During Past Five Years |
# of Portfolios in the Direxion Family of Investment Companies Overseen by Trustee(3) |
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 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) |
$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 |
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 |
$26.7 |
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 Purchases and Redemptions* | ||
|
In-Kind |
Cash | ||
NSCC |
Outside NSCC |
Outside NSCC | ||
Direxion Daily NYSE FANG+ Bear 2X Shares |
N/A |
N/A |
$250 |
Up to 2.00% |
(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) |
|
|
(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 |
|
|