******************************* FORM N-Px REPORT *****************************
ICA File Number: 811-08243
Reporting Period: 07/01/2019 to 06/30/2020
Direxion Funds
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
COMPANY
Investment Company Act file number 811-08243
Direxion Funds
(Exact name of registrant as specified in charter)
1301 Avenue of the Americas (6th Ave.)
28th Floor
New York, NY 10019
(Address of principal executive offices) (Zip code)
U.S. Bancorp Fund Services, LLC
615 E. Michigan Avenue
Milwaukee, WI 53202
(Name and address of agent for service)
Registrant's telephone number, including area code: 1-800-851-0511
Date of fiscal year end: August 31 and October 31
Date of reporting period: July 1, 2018 to June 30, 2019
<Page>
============== Direxion Indexed Commodity & Income Strategy Fund ==============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============== Direxion Monthly 25+ Year Treasury Bear 1.35X Fund ==============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
============== Direxion Monthly 25+ Year Treasury Bull 1.35X Fund ==============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=============== Direxion Monthly 7-10 Year Treasury Bear 2X Fund ===============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=============== Direxion Monthly 7-10 Year Treasury Bull 2X Fund ===============
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================ Direxion Monthly Emerging Markets Bull 2X Fund ================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================== Direxion Monthly High Yield Bull 1.2X Fund ==================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================= Direxion Monthly NASDAQ-100 Bear 1.25X Fund ==================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================= Direxion Monthly NASDAQ-100 Bull 1.25X Fund ==================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
================= Direxion Monthly NASDAQ-100(R) Bull 2X Fund ==================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=================== Direxion Monthly S&P 500(R) Bear 2X Fund ===================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=================== Direxion Monthly S&P 500(R) Bull 2X Fund ===================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=================== Direxion Monthly Small Cap Bear 2X Fund ====================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
=================== Direxion Monthly Small Cap Bull 2X Fund ====================
There is no proxy voting activity for the fund, as the fund did not hold any
votable positions during the reporting period.
========================= Hilton Tactical Income Fund ==========================
AMERICOLD REALTY TRUST
Ticker: COLD Security ID: 03064D108
Meeting Date: MAY 27, 2020 Meeting Type: Annual
Record Date: APR 01, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Fred W. Boehler For For Management
1b Elect Director George J. Alburger, Jr. For For Management
1c Elect Director Kelly H. Barrett For For Management
1d Elect Director Antonio F. Fernandez For For Management
1e Elect Director James R. Heistand For For Management
1f Elect Director Michelle M. MacKay For For Management
1g Elect Director David J. Neithercut For For Management
1h Elect Director Mark R. Patterson For For Management
1i Elect Director Andrew P. Power For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Approve Qualified Employee Stock For For Management
Purchase Plan
4 Ratify Ernst & Young LLP as Auditors For For Management
--------------------------------------------------------------------------------
BOOZ ALLEN HAMILTON HOLDING CORPORATION
Ticker: BAH Security ID: 099502106
Meeting Date: JUL 25, 2019 Meeting Type: Annual
Record Date: JUN 03, 2019
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Melody C. Barnes For For Management
1b Elect Director Ellen Jewett For For Management
1c Elect Director Arthur E. Johnson For For Management
1d Elect Director Charles O. Rossotti For For Management
2 Ratify Ernst & Young LLP as Auditors For For Management
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
4 Eliminate Classes of Common Stock For For Management
--------------------------------------------------------------------------------
BROADRIDGE FINANCIAL SOLUTIONS, INC.
Ticker: BR Security ID: 11133T103
Meeting Date: NOV 14, 2019 Meeting Type: Annual
Record Date: SEP 19, 2019
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Leslie A. Brun For For Management
1b Elect Director Pamela L. Carter For For Management
1c Elect Director Richard J. Daly For For Management
1d Elect Director Robert N. Duelks For For Management
1e Elect Director Timothy C. Gokey For For Management
1f Elect Director Brett A. Keller For For Management
1g Elect Director Maura A. Markus For For Management
1h Elect Director Thomas J. Perna For For Management
1i Elect Director Alan J. Weber For For Management
1j Elect Director Amit K. Zavery For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Deloitte & Touche LLP as For For Management
Auditors
--------------------------------------------------------------------------------
CITIGROUP INC.
Ticker: C Security ID: 172967424
Meeting Date: APR 21, 2020 Meeting Type: Annual
Record Date: FEB 24, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Michael L. Corbat For For Management
1b Elect Director Ellen M. Costello For For Management
1c Elect Director Grace E. Dailey For For Management
1d Elect Director Barbara J. Desoer For For Management
1e Elect Director John C. Dugan For For Management
1f Elect Director Duncan P. Hennes For For Management
1g Elect Director Peter B. Henry For For Management
1h Elect Director S. Leslie Ireland For For Management
1i Elect Director Lew W. (Jay) Jacobs, IV For For Management
1j Elect Director Renee J. James For For Management
1k Elect Director Gary M. Reiner For For Management
1l Elect Director Diana L. Taylor For For Management
1m Elect Director James S. Turley For For Management
1n Elect Director Deborah C. Wright For For Management
1o Elect Director Alexander R. Wynaendts For For Management
1p Elect Director Ernesto Zedillo Ponce For For Management
de Leon
2 Ratify KPMG LLP as Auditors For For Management
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
4 Amend Omnibus Stock Plan For For Management
5 Amend Proxy Access Right Against For Shareholder
6 Review on Governance Documents Against Against Shareholder
7 Report on Lobbying Payments and Policy Against Against Shareholder
--------------------------------------------------------------------------------
CME GROUP INC.
Ticker: CME Security ID: 12572Q105
Meeting Date: MAY 06, 2020 Meeting Type: Annual
Record Date: MAR 09, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Terrence A. Duffy For For Management
1b Elect Director Timothy S. Bitsberger For For Management
1c Elect Director Charles P. Carey For For Management
1d Elect Director Dennis H. Chookaszian For For Management
1e Elect Director Bryan T. Durkin For For Management
1f Elect Director Ana Dutra For For Management
1g Elect Director Martin J. Gepsman For For Management
1h Elect Director Larry G. Gerdes For For Management
1i Elect Director Daniel R. Glickman For For Management
1j Elect Director Daniel G. Kaye For For Management
1k Elect Director Phyllis M. Lockett For For Management
1l Elect Director Deborah J. Lucas For For Management
1m Elect Director Terry L. Savage For For Management
1n Elect Director Rahael Seifu For For Management
1o Elect Director William R. Shepard For For Management
1p Elect Director Howard J. Siegel For For Management
1q Elect Director Dennis A. Suskind For For Management
2 Ratify Ernst & Young as Auditors For For Management
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
COMCAST CORPORATION
Ticker: CMCSA Security ID: 20030N101
Meeting Date: JUN 03, 2020 Meeting Type: Annual
Record Date: APR 03, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Kenneth J. Bacon For For Management
1.2 Elect Director Madeline S. Bell For For Management
1.3 Elect Director Naomi M. Bergman For For Management
1.4 Elect Director Edward D. Breen For Withhold Management
1.5 Elect Director Gerald L. Hassell For Withhold Management
1.6 Elect Director Jeffrey A. Honickman For For Management
1.7 Elect Director Maritza G. Montiel For For Management
1.8 Elect Director Asuka Nakahara For For Management
1.9 Elect Director David C. Novak For Withhold Management
1.10 Elect Director Brian L. Roberts For For Management
2 Ratify Deloitte & Touche LLP as Auditor For For Management
3 Amend Stock Option Plan For For Management
4 Amend Restricted Stock Plan For For Management
5 Advisory Vote to Ratify Named For Against Management
Executive Officers' Compensation
6 Report on Lobbying Payments and Policy Against For Shareholder
7 Require Independent Board Chair Against For Shareholder
8 Report on Risks Posed by Failing to Against Against Shareholder
Prevent Sexual Harassment
--------------------------------------------------------------------------------
CROWN CASTLE INTERNATIONAL CORP.
Ticker: CCI Security ID: 22822V101
Meeting Date: MAY 14, 2020 Meeting Type: Annual
Record Date: MAR 20, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director P. Robert Bartolo For For Management
1b Elect Director Jay A. Brown For For Management
1c Elect Director Cindy Christy For For Management
1d Elect Director Ari Q. Fitzgerald For For Management
1e Elect Director Robert E. Garrison, II For For Management
1f Elect Director Andrea J. Goldsmith For For Management
1g Elect Director Lee W. Hogan For For Management
1h Elect Director Edward C. Hutcheson, Jr. For For Management
1i Elect Director J. Landis Martin For For Management
1j Elect Director Robert F. McKenzie For For Management
1k Elect Director Anthony J. Melone For For Management
1l Elect Director W. Benjamin Moreland For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
--------------------------------------------------------------------------------
GLADSTONE INVESTMENT CORPORATION
Ticker: GAIN Security ID: 376546602
Meeting Date: AUG 15, 2019 Meeting Type: Annual
Record Date: JUN 03, 2019
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Paul W. Adelgren For For Management
1.2 Elect Director David Gladstone For For Management
1.3 Elect Director John H. Outland For For Management
2 Approve Issuance of Shares Below Net For For Management
Asset Value (NAV)
--------------------------------------------------------------------------------
INTERCONTINENTAL EXCHANGE, INC.
Ticker: ICE Security ID: 45866F104
Meeting Date: MAY 15, 2020 Meeting Type: Annual
Record Date: MAR 17, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Sharon Y. Bowen For For Management
1b Elect Director Charles R. Crisp For For Management
1c Elect Director Duriya M. Farooqui For For Management
1d Elect Director Jean-Marc Forneri For For Management
1e Elect Director The Right Hon. the Lord For For Management
Hague of Richmond
1f Elect Director Frederick W. Hatfield For For Management
1g Elect Director Thomas E. Noonan For For Management
1h Elect Director Frederic V. Salerno For For Management
1i Elect Director Jeffrey C. Sprecher For For Management
1j Elect Director Judith A. Sprieser For For Management
1k Elect Director Vincent Tese For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Ernst & Young LLP as Auditors For For Management
--------------------------------------------------------------------------------
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
Ticker: VTA Security ID: 46132R104
Meeting Date: AUG 23, 2019 Meeting Type: Annual
Record Date: MAY 13, 2019
# Proposal Mgt Rec Vote Cast Sponsor
1a.1 Elect Director Cynthia Hostetler For For Management
1a.2 Elect Director Eli Jones For For Management
1a.3 Elect Director Ann Barnett Stern For For Management
1a.4 Elect Director Raymond Stickel, Jr. For For Management
--------------------------------------------------------------------------------
L3HARRIS TECHNOLOGIES, INC.
Ticker: LHX Security ID: 502431109
Meeting Date: OCT 25, 2019 Meeting Type: Annual
Record Date: AUG 30, 2019
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Sallie B. Bailey For For Management
1b Elect Director William M. Brown For For Management
1c Elect Director Peter W. Chiarelli For For Management
1d Elect Director Thomas A. Corcoran For For Management
1e Elect Director Thomas A. Dattilo For For Management
1f Elect Director Roger B. Fradin For For Management
1g Elect Director Lewis Hay, III For For Management
1h Elect Director Lewis Kramer For For Management
1i Elect Director Christopher E. Kubasik For For Management
1j Elect Director Rita S. Lane For For Management
1k Elect Director Robert B. Millard For For Management
1l Elect Director Lloyd W. Newton For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Ernst & Young LLP as Auditors For For Management
--------------------------------------------------------------------------------
L3HARRIS TECHNOLOGIES, INC.
Ticker: LHX Security ID: 502431109
Meeting Date: APR 24, 2020 Meeting Type: Annual
Record Date: FEB 28, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Sallie B. Bailey For For Management
1b Elect Director William M. Brown For For Management
1c Elect Director Peter W. Chiarelli For For Management
1d Elect Director Thomas A. Corcoran For For Management
1e Elect Director Thomas A. Dattilo For For Management
1f Elect Director Roger B. Fradin For For Management
1g Elect Director Lewis Hay, III For For Management
1h Elect Director Lewis Kramer For For Management
1i Elect Director Christopher E. Kubasik For For Management
1j Elect Director Rita S. Lane For For Management
1k Elect Director Robert B. Millard For For Management
1l Elect Director Lloyd W. Newton For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Ernst & Young LLP as Auditors For For Management
4 Eliminate Supermajority Vote For For Management
Requirement and Fair Price
Requirements for Business Combinations
5 Amend Certificate of Incorporation to For For Management
Eliminate the Anti-Greenmail Provision
6 Amend Certificate of Incorporation to For For Management
Eliminate Cumulative Voting Provision
7 Provide Right to Act by Written Consent Against For Shareholder
--------------------------------------------------------------------------------
NEXTERA ENERGY, INC.
Ticker: NEE Security ID: 65339F101
Meeting Date: MAY 21, 2020 Meeting Type: Annual
Record Date: MAR 23, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Sherry S. Barrat For For Management
1b Elect Director James L. Camaren For For Management
1c Elect Director Kenneth B. Dunn For For Management
1d Elect Director Naren K. Gursahaney For For Management
1e Elect Director Kirk S. Hachigian For For Management
1f Elect Director Toni Jennings For For Management
1g Elect Director Amy B. Lane For For Management
1h Elect Director David L. Porges For For Management
1i Elect Director James L. Robo For For Management
1j Elect Director Rudy E. Schupp For For Management
1k Elect Director John L. Skolds For For Management
1l Elect Director William H. Swanson For For Management
1m Elect Director Darryl L. Wilson For For Management
2 Ratify Deloitte & Touche LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
4 Report on Political Contributions Against For Shareholder
5 Provide Right to Act by Written Consent Against For Shareholder
--------------------------------------------------------------------------------
NUVEEN CREDIT STRATEGIES INCOME FUND
Ticker: JQC Security ID: 67073D102
Meeting Date: APR 22, 2020 Meeting Type: Annual
Record Date: JAN 13, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1b.1 Elect Director John K. Nelson For For Management
1b.2 Elect Director Terence J. Toth For For Management
1b.3 Elect Director Robert L. Young For For Management
--------------------------------------------------------------------------------
NUVEEN MORTGAGE & INCOME FUND
Ticker: JLS Security ID: 670735109
Meeting Date: APR 22, 2020 Meeting Type: Annual
Record Date: JAN 13, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1b.1 Elect Director John K. Nelson For For Management
1b.2 Elect Director Terence J. Toth For For Management
1b.3 Elect Director Robert L. Young For For Management
--------------------------------------------------------------------------------
NUVEEN MORTGAGE OPPORTUNITY TERM FUND
Ticker: JLS Security ID: 670735109
Meeting Date: AUG 29, 2019 Meeting Type: Annual
Record Date: MAR 29, 2019
# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Declaration of Trust For For Management
2 Approve New Investment Objective For For Management
3.a Approve New Investment Management For For Management
Agreement with Nuveen Fund Advisors,
LLC
3.b Approve New Investment Sub-Advisory For For Management
Agreement between Nuveen Fund
Advisors, LLC and Teachers Advisors,
LLC
4.1 Elect Director Judith M. Stockdale For For Management
4.2 Elect Director Carole E. Stone For For Management
4.3 Elect Director Margaret L. Wolff For For Management
4.4 Elect Director William C. Hunter For For Management
--------------------------------------------------------------------------------
OAKTREE SPECIALTY LENDING CORPORATION
Ticker: OCSL Security ID: 67401P108
Meeting Date: MAR 09, 2020 Meeting Type: Annual
Record Date: JAN 10, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director John B. Frank For For Management
1b Elect Director Bruce Zimmerman For For Management
2 Ratify Ernst & Young LLP as Auditors For For Management
--------------------------------------------------------------------------------
REPUBLIC SERVICES, INC.
Ticker: RSG Security ID: 760759100
Meeting Date: MAY 08, 2020 Meeting Type: Annual
Record Date: MAR 11, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Manuel Kadre For For Management
1b Elect Director Tomago Collins For For Management
1c Elect Director Thomas W. Handley For For Management
1d Elect Director Jennifer M. Kirk For For Management
1e Elect Director Michael Larson For For Management
1f Elect Director Kim S. Pegula For For Management
1g Elect Director Donald W. Slager For For Management
1h Elect Director James P. Snee For For Management
1i Elect Director Sandra M. Volpe For For Management
1j Elect Director Katharine B. Weymouth For For Management
2 Advisory Vote to Ratify Named For For Management
Executive Officers' Compensation
3 Ratify Ernst & Young LLP as Auditors For For Management
4 Approve Omnibus Stock Plan For For Management
--------------------------------------------------------------------------------
STONECASTLE FINANCIAL CORP.
Ticker: BANX Security ID: 861780104
Meeting Date: FEB 07, 2020 Meeting Type: Special
Record Date: DEC 27, 2019
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Investment Advisory Agreement For For Management
between StoneCastle Financial Corp.
and StoneCastle-ArrowMark Asset
Management, LLC
2a Elect Director Alan Ginsberg For For Management
2b Elect Director Emil W. Henry, Jr. For For Management
2c Elect Director Karen Reidy For For Management
2d Elect Director Michael Van Praag For For Management
2e Elect Director Michael Stolper For For Management
2f Elect Director Guy Arnold For For Management
2g Elect Director John Scott Emrich For For Management
2h Elect Director Sanjai Bhonsle For For Management
--------------------------------------------------------------------------------
STONECASTLE FINANCIAL CORP.
Ticker: BANX Security ID: 861780104
Meeting Date: JUN 19, 2020 Meeting Type: Annual
Record Date: APR 23, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director Alan Ginsberg For For Management
1.2 Elect Director Emil Henry, Jr. For For Management
1.3 Elect Director Karen Reidy For For Management
2 Approve Conversion to a Newly Formed For For Management
Delaware Statutory Trust Named
StoneCastle Financial Company
--------------------------------------------------------------------------------
THE WALT DISNEY COMPANY
Ticker: DIS Security ID: 254687106
Meeting Date: MAR 11, 2020 Meeting Type: Annual
Record Date: JAN 13, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1a Elect Director Susan E. Arnold For For Management
1b Elect Director Mary T. Barra For For Management
1c Elect Director Safra A. Catz For For Management
1d Elect Director Francis A. deSouza For For Management
1e Elect Director Michael B.G. Froman For For Management
1f Elect Director Robert A. Iger For For Management
1g Elect Director Maria Elena Lagomasino For For Management
1h Elect Director Mark G. Parker For For Management
1i Elect Director Derica W. Rice For For Management
2 Ratify PricewaterhouseCoopers LLP as For For Management
Auditors
3 Advisory Vote to Ratify Named For Against Management
Executive Officers' Compensation
4 Amend Omnibus Stock Plan For For Management
5 Report on Lobbying Payments and Policy Against For Shareholder
--------------------------------------------------------------------------------
THOMSON REUTERS CORPORATION
Ticker: TRI Security ID: 884903709
Meeting Date: JUN 03, 2020 Meeting Type: Annual
Record Date: APR 07, 2020
# Proposal Mgt Rec Vote Cast Sponsor
1.1 Elect Director David Thomson For For Management
1.2 Elect Director Steve Hasker For For Management
1.3 Elect Director Kirk E. Arnold For For Management
1.4 Elect Director David W. Binet For For Management
1.5 Elect Director W. Edmund Clark For For Management
1.6 Elect Director Michael E. Daniels For For Management
1.7 Elect Director Kirk Koenigsbauer For For Management
1.8 Elect Director Vance K. Opperman For For Management
1.9 Elect Director Kim M. Rivera For For Management
1.10 Elect Director Barry Salzberg For For Management
1.11 Elect Director Peter J. Thomson For For Management
1.12 Elect Director Wulf von Schimmelmann For For Management
2 Approve PricewaterhouseCoopers LLP as For For Management
Auditors and Authorize Board to Fix
Their Remuneration
3 Advisory Vote on Executive For For Management
Compensation Approach
4 SP 1: Produce a Human Rights Risk Against Against Shareholder
Report at Reasonable Cost and Omitting
Proprietary Information
========== END NPX REPORT
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant: Direxion Funds
Signature: /s/ Patrick J. Rudnick
Name: Patrick J. Rudnick
Title: Principal Executive Officer
Date: August 24, 2020