1301
Avenue of the Americas (6th Avenue), 28th Floor |
New
York, New York 10019 |
(800)
851-0511 |
Direxion
Monthly NASDAQ-100®
Bull 1.25X Fund |
Brokerage
Fees Paid |
Year Ended
August 31, 2022 |
$17,021 |
Year Ended
August 31, 2021 |
$26,269 |
Year Ended
August 31, 2020 |
$39,922 |
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(4)
|
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 2014
|
Chief Executive
Officer, Rafferty
Asset
Management,
LLC, April 2021 –
September 2022;
Managing
Director, Rafferty
Asset
Management,
LLC, January 1999
– January
2019. |
158 |
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(4) |
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 |
President, 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–
September
2022. |
158 |
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(4)
|
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 |
Partner, King
Associates, LLP,
since 2004; Board
Advisor, University
Common Real
Estate, since 2012;
Principal, Grey
Oaks LLP, since
2003; Member,
Kendrick LLC,
since 2006.
|
158 |
None. |
Jacob C.
Gaffey(3)
Age:
75 |
Trustee |
Lifetime of Trust
until removal or
resignation;
Since
2014 |
Managing
Director, Loomis &
Co., 2012 –2019.
|
158 |
None. |
Henry W.
Mulholland(3)
Age:
59 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2017 |
Managing
Partner, Grove Hill
Partners LLC, since
2016. |
158 |
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(4) |
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, Student
Sponsor Partners,
since November
2021; Senior
Manager - Trusts
& Estates, Rynkar,
Vail & Barrett,
LLC, since 2018;
Financial Advisor,
Lee, Nolan &
Koroghlian Life
Planning Group,
2010–2017. |
158 |
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. |
158 |
None. |
Mary Jo
Collins
Age:
66 |
Trustee |
Lifetime of Trust
until removal or
resignation; Since
2022 |
Managing
Director, Imperial
Capital LLC, since
2020; Director,
Royal Bank of
Canada, 2014 –
2020. |
158 |
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
the
Direxion
Family of
Investment
Companies
Overseen
by
Trustee(2)
|
Other
Trusteeships/
Directorships
Held
by Trustee
During
Past Five
Years |
Angela
Brickl
Age:
46 |
President |
One Year; Since
2022
|
President, 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–
September 2022.
|
N/A |
N/A |
Chief Compliance
Officer |
One Year; Since
2018
|
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
the
Direxion
Family of
Investment
Companies
Overseen
by
Trustee(2) |
Other
Trusteeships/
Directorships
Held
by Trustee
During
Past Five
Years |
Patrick J.
Rudnick
Age:
49 |
Principal Executive
Officer |
One Year;
Since
2018 |
Senior Vice
President, Rafferty
Asset
Management,
LLC, since March
2013.
|
N/A |
N/A |
Corey
Noltner
Age:
33 |
Principal Financial
Officer |
One Year;
Since
2021 |
Senior Business
Analyst, Rafferty
Asset
Management,
LLC, since October
2015. |
N/A |
N/A |
Alyssa
Sherman
Age:
33 |
Secretary |
One Year;
Since
2022 |
Associate 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
Trustee: |
Independent
Trustees: | |||
|
Daniel
D.
O’Neill |
David
L.
Driscoll |
Jacob
C.
Gaffey |
Henry
W.
Mulholland |
Kathleen
M.
Berkery |
Direxion
Monthly NASDAQ-
100®
Bull 1.25X Fund |
$0 |
$0 |
$0 |
$0 |
$0 |
Aggregate
Dollar Range of
Equity
Securities in the
Direxion
Family of Investment
Companies(1)
|
Over
$100,000 |
$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
Trustee | ||||
Daniel D.
O’Neill |
$0 |
$0 |
$0 |
$0 |
Angela
Brickl |
$0 |
$0 |
$0 |
$0 |
Independent
Trustees | ||||
David L.
Driscoll |
$42,708 |
$0 |
$0 |
$170,833 |
Jacob C.
Gaffey |
$42,708 |
$0 |
$0 |
$170,833 |
Henry W.
Mulholland |
$42,708 |
$0 |
$0 |
$170,833 |
Kathleen
M. Berkery |
$42,708 |
$0 |
$0 |
$170,833 |
Mary Jo
Collins |
$33,803 |
$0 |
$0 |
$135,208 |
Carlyle
Peake |
$33,803 |
$0 |
$0 |
$135,208 |
Name
and Address |
Parent
Company |
Jurisdiction |
%
Ownership |
Type
of
Ownership |
Charles
Schwab & Co Inc.
211 Main
Street
San
Francisco, CA 94105-1905 |
The Charles
Schwab
Corporation |
DE |
33.93% |
Record |
National
Financial Services LLC
499
Washington Boulevard
Jersey
City, NJ 07310-2010 |
Fidelity Global
Brokerage Group,
Inc. |
DE |
29.99% |
Record |
Pershing
LLC
PO Box
2052
Jersey
City, NJ 07303-2052 |
N/A |
N/A |
14.93% |
Record |
TD
Ameritrade Inc.
PO Box
2226
Omaha, NE
68103-2226 |
N/A |
N/A |
13.95% |
Record |
Direxion
Monthly NASDAQ-100 Bull 1.25X Fund |
Advisory
fee accrued |
Fees
waived and
expenses
absorbed by
Adviser |
Total
fees paid to
(waived
by)
Adviser |
Year Ended
August 31, 2022 |
$94,556 |
$53,475 |
$41,081 |
Year Ended
August 31, 2021 |
$145,047 |
$67,022 |
$78,025 |
Year Ended
August 31, 2020 |
$109,177 |
$68,362 |
$40,815 |
Direxion
Monthly NASDAQ-100®
Bull 1.25X Fund |
Fees
Paid |
Year Ended
August 31, 2022 |
$3,106 |
Year Ended
August 31, 2021 |
$4,829 |
Year Ended
August 31, 2020 |
$3,697 |
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 |
|
Fees paid
to the Administrator |
Year Ended
August 31, 2022 |
$95,209 |
Year Ended
August 31, 2021 |
$107,840 |
Year Ended
August 31, 2020 |
$99,265 |
Fund
(Investor Class) |
12b-1
Fees
Incurred |
Direxion
Monthly NASDAQ-100®
Bull 1.25X
Fund |
$31,519 |
Fund
(Investor
Class) |
Advertising
and
Marketing |
Printing
and
Postage |
Payment
to
Distributor |
Payment
to
Dealers |
Compensation
to
Sales
Personnel |
Interest,
Carrying,
or
Other
Financing
Charges |
Other
Marketing
Expenses |
Direxion
Monthly
NASDAQ-100® Bull
1.25X
Fund |
$1,131 |
$0 |
$434 |
$29,785 |
$0 |
$0 |
$169 |
Write
to: |
Direxion
Funds |
|
1301
Avenue of the Americas (6th Avenue),
28th
Floor |
|
New
York, New York 10019 |
|
|
Call: |
(800)
851-0511 |
|
|
By
Internet: |
www.direxion.com |