Direxion Auspice Broad Commodity Strategy ETF (Consolidated)

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

        Fair Value  

SHORT TERM INVESTMENTS - 95.9%

  

Money Market Funds - 95.9%

  
272,048,243   

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 272,048,243  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $272,048,243)

   $ 272,048,243  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $272,048,243) - 95.9%

   $ 272,048,243  
  

Other Assets in Excess of Liabilities - 4.1% (b)

     11,597,522  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 283,645,765  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a)

Represents annualized seven-day yield at January 31, 2023.

(b)

$9,537,042 of cash is pledged as collateral for futures contracts.

Long Futures Contracts (Unaudited)

January 31, 2023

 

Reference Entity

   Expiration Date      Number of Contracts      Notional Amount      Variation Margin
Receivable/
(Payable), net
     Unrealized
Appreciation
(Depreciation)
 

Copper

     3/29/2023        233      $ 24,616,450      $ 139,800      $ 3,347,464  

Gold

     4/26/2023        261        50,772,330        159,210        (6,199

Silver

     3/29/2023        177        21,094,860        91,155        2,283,940  

Soybean

     5/12/2023        602        46,060,525        22,575        279,955  

Sugar #11

     4/28/2023        1,427        32,668,026        863,050        3,273,534  
        

 

 

    

 

 

    

 

 

 
         $ 175,212,191      $ 1,275,790      $ 9,178,694  
        

 

 

    

 

 

    

 

 

 

All futures contracts held by Direxion BCS Fund Ltd.


Direxion Breakfast Commodities Strategy ETF (Consolidated)

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 89.1%

 
 

Money Market Funds - 89.1%

 
  4,881,942     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 4,881,942  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $4,881,942)

   $ 4,881,942  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $4,881,942) - 89.1%

   $ 4,881,942  
  

Other Assets in Excess of Liabilities - 10.9%

     594,510  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 5,476,452  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

$411,917 of cash is pledged as collateral for futures contracts.

Long Futures Contracts (Unaudited)

January 31, 2023

 

Reference Entity

  

Expiration Date

  

Number of
Contracts

   Notional
Amount
   Variation
Margin
Receivable/
(Payable),
net
    Unrealized
Appreciation
(Depreciation)
 

Coffee C

   3/21/2023    5    $340,781    $ 21,281     $ 28,275  

Corn

   9/14/2023    73    2,210,075      —         (84,999

Frozen Concentrate Orange Juice

   3/13/2023    9    295,920      13,365       24,371  

Lean Hogs

   4/17/2023    20    691,400      (800     (17,755

Sugar #11

   4/28/2023    30    686,784      18,144       64,478  

Wheat

   7/14/2023    32    1,234,000      12,400       (94,420
        

 

  

 

 

   

 

 

 
         $5,458,960    $ 64,390     $ (80,050
        

 

  

 

 

   

 

 

 

All futures contracts held by Direxion BKT Fund Ltd.


Direxion Hydrogen ETF

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 99.4%

 
 

Chemical Manufacturing - 40.5%

 
  15,090     

Air Liquide S.A. (France)

   $ 2,393,698  
  4,291     

Air Products & Chemicals, Inc.

     1,375,308  
  51,223     

Doosan Fuel Cell Co., Ltd (South Korea) (a)

     1,380,584  
  774,348     

ITM Power (United Kingdom) (a)(b)

     965,695  
  4,057     

Linde PLC (Ireland) ADR

     1,342,624  
  40,362     

McPhy Energy SAS (France) (a)(b)

     611,718  
  1,417,285     

Nel ASA (Norway) (a)(b)

     2,406,543  
  46,098     

Nippon Sanso Holdings Corp. (Japan)

     746,884  
  670,353     

PTT Global Chemical PCL (Thailand)

     1,000,148  
     

 

 

 
        12,223,202  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 7.7%

 
  92,862     

Bloom Energy Corp.

     2,315,050  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 13.7%

 
  61,147     

Chung-Hsin Electric & Machinery Manufacturing Corp. (Taiwan)

     164,959  
  2,682     

Hyosung Heavy Industries (South Korea) (a)

     156,330  
  135,033     

Plug Power, Inc. (a)(b)

     2,298,262  
  91,432     

PowerCell Sweden AB (Sweden) (a)(b)

     1,216,497  
  5,074     

SFC Energy AG (Germany) (a)

     143,276  
  5,019     

VARTA AG (Germany) (b)

     151,643  
     

 

 

 
        4,130,967  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.5%

 
  4,692     

Hyster-Yale Materials Handling, Inc.

     152,162  
     

 

 

 
 

Miscellaneous Manufacturing - 0.5%

 
  57,062     

Hexagon Purus Holding AS (Norway) (a)

     149,221  
     

 

 

 
 

Oil and Gas Extraction - 20.5%

 
  37,231     

BP Plc (United Kingdom) ADR

     1,348,879  
  126,906     

CIMC Enric Holdings Limited (Hong Kong)

     142,310  
  367,281     

ENEOS Holdings, Inc. (Japan)

     1,308,198  
  52,824     

Idemitsu Kosan Co., Ltd (Japan)

     1,309,988  
  35,146     

Shell Plc (United Kingdom) ADR

     2,066,936  
     

 

 

 
        6,176,311  
     

 

 

 
 

Primary Metal Manufacturing - 0.5%

 
  21,751     

Kaori Heat Treatment Co., Ltd. (Taiwan)

     153,941  
     

 

 

 
 

Transportation Equipment Manufacturing - 4.5%

 
  209,600     

Ballard Power Systems, Inc. (Canada) ADR (a)(b)

     1,368,688  
     

 

 

 
 

Utilities - 11.0%

 
  1,150,595     

AFC Energy Plc (United Kingdom) (a)(b)

     294,349  
  216,106     

Ceres Power Holdings PLC (United Kingdom) (a)(b)

     1,261,869  
  358,019     

FuelCell Energy, Inc. (a)

     1,310,350  
  5,364     

Korea Gas Corp. (South Korea)

     145,226  
  16,994     

S-Fuelcell Co., Ltd (South Korea)

     304,892  
        3,316,686  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $36,940,627)

   $ 29,986,228  
     

 

 

 
 

SHORT TERM INVESTMENTS - 14.8%

 
 

Money Market Funds - 14.8%

 
  4,462,265     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 4,462,265  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $4,462,265)

   $ 4,462,265  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $41,402,892) - 114.2%

   $ 34,448,493  
  

Liabilities in Excess of Other Assets - (14.2)%

     (4,295,035
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 30,153,458  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

ADR - American Depository Receipt


Direxion Moonshot Innovators ETF

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 99.6%

 
 

Administrative and Support Services - 6.5%

 
  38,300     

Bilibili, Inc. ADR (a)(b)

   $ 957,500  
  27,041     

Roblox Corp. (a)

     1,006,196  
  59,524     

SentinelOne, Inc. (a)

     898,217  
     

 

 

 
        2,861,913  
     

 

 

 
 

Ambulatory Health Care Services - 1.8%

 
  339,474     

Invitae Corp. (a)(b)

     801,159  
     

 

 

 
 

Chemical Manufacturing - 7.7%

 
  46,638     

Arcturus Therapeutics Holdings, Inc. (a)

     985,461  
  104,744     

bluebird bio, Inc. (a)

     665,124  
  89,921     

BridgeBio Pharma, Inc. (a)

     834,467  
  21,850     

Intellia Therapeutics, Inc. (a)

     927,314  
     

 

 

 
        3,412,366  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 10.5%

 
  10,892     

Ambarella Inc. ADR (a)

     978,537  
  113,779     

Indie Semiconductor, Inc. (a)(b)

     906,819  
  286,793     

MicroVision, Inc. (a)(b)

     719,850  
  383,269     

Nano Dimension Ltd. ADR (Israel) (a)

     1,057,823  
  183,905     

Vuzix Corp. (a)(b)

     958,145  
     

 

 

 
        4,621,174  
     

 

 

 
 

Electronics and Appliance Stores - 2.3%

 
  66,223     

UiPath, Inc. (a)

     1,017,185  
     

 

 

 
 

Food Services and Drinking Places - 2.1%

 
  29,097     

Yelp, Inc. (a)

     916,846  
     

 

 

 
 

Management of Companies and Enterprises - 3.4%

 
  72,127     

CureVac N.V. ADR (Netherlands) (a)

     774,644  
  50,411     

EHang Holdings Ltd. ADR (a)(b)

     712,811  
     

 

 

 
        1,487,455  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 2.1%

 
  178,466     

Atara Biotherapeutics, Inc. (a)

     904,823  
     

 

 

 
 

Miscellaneous Manufacturing - 1.7%

 
  454,483     

Inovio Pharmaceuticals, Inc. (a)

     754,442  
     

 

 

 
 

Nonmetallic Mineral Product Manufacturing - 0.5%

 
  263,276     

View, Inc. (a)

     215,886  
     

 

 

 
 

Nonstore Retailers - 2.0%

 
  208,957     

Jumia Technologies AG ADR (Germany) (a)

     877,619  
     

 

 

 
 

Oil and Gas Extraction - 0.9%

 
  405,710     

Meta Materials, Inc. (a)

     409,767  
     

 

 

 
 

Printing and Related Support Activities - 1.9%

 
  114,722     

Fisker, Inc. (a)(b)

     854,679  
     

 

 

 
 

Professional, Scientific, and Technical Services - 19.3%

 
  61,964     

Asana, Inc. (a)

     960,442  
  79,663     

Avidity Biosciences, Inc. (a)

     1,888,013  
  13,499     

Okta, Inc. (a)

     993,661  
  89,142     

Recursion Pharmaceuticals, Inc. (a)

     742,553  
  42,115     

Squarespace, Inc. (a)

     998,968  
  486,368     

TuSimple Holdings, Inc. (a)

     1,021,373  
  24,633     

Unity Software, Inc. (a)

     874,964  
  225,399     

Vimeo, Inc. (a)

     1,023,312  
     

 

 

 
        8,503,286  
     

 

 

 
 

Publishing Industries (except Internet) - 7.7%

 
  69,413     

C3.ai, Inc. (a)

     1,377,848  
  86,721     

Fastly, Inc. (a)

     897,562  
  18,371     

Twilio, Inc. (a)

     1,099,321  
     

 

 

 
        3,374,731  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 29.2%

 
  467,548     

Aeva Technologies, Inc. (a)

     790,156  
  665,351     

Aurora Innovation, Inc. (a)

     1,210,939  
  138,159     

Benson Hill, Inc. (a)

     370,266  
  297,030     

Butterfly Network, Inc. (a)(b)

     816,833  
  469,875     

Desktop Metal, Inc. (a)(b)

     789,390  
  475,254     

Ginkgo Bioworks Holdings, Inc. Class A (a)

     926,745  
  268,699     

Hyliion Holdings Corp. (a)

     961,943  
  316,076     

Hyzon Motors, Inc. (a)(b)

     673,242  
  168,696     

Inoviz Technologies Ltd. ADR (Israel) (a)

     941,324  
  294,568     

Latch, Inc. (a)

     270,855  
  256,280     

Ouster, Inc. (a)

     366,480  
  156,336     

Planet Labs PBC (a)

     773,863  
  211,087     

Rocket Lab USA, Inc. (a)

     1,049,102  
  126,010     

Roivant Sciences Ltd. ADR (a)

     1,045,883  
  749,958     

Velodyne Lidar, Inc. (a)

     877,451  
  181,583     

Virgin Galactic Holdings, Inc. (a)(b)

     1,002,338  
     

 

 

 
        12,866,810  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $65,631,395)

   $ 43,880,141  
     

 

 

 
 

SHORT TERM INVESTMENTS - 14.2%

 
 

Money Market Funds - 14.2%

 
  6,249,400     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 6,249,400  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $6,249,400)

   $ 6,249,400  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $71,880,795) - 113.8%

   $ 50,129,541  
  

Liabilities in Excess of Other Assets - (13.8)%

     (6,089,933
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 44,039,608  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

ADR - American Depository Receipt


Direxion mRNA ETF

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 99.9%

 
 

Chemical Manufacturing - 60.1%

 
  1,288     

Alnylam Pharmaceuticals, Inc. (a)

   $ 291,603  
  41,078     

Arbutus Biopharma Corp. ADR (Canada) (a)

     123,645  
  11,239     

Arcturus Therapeutics Holdings, Inc. (a)

     237,480  
  1,182     

BeiGene Ltd. ADR (a)

     302,592  
  4,597     

HilleVax, Inc. (a)

     78,609  
  4,319     

Intellia Therapeutics, Inc. (a)

     183,298  
  4,597     

Ionis Pharmaceuticals, Inc. (a)

     183,282  
  13,004     

Maravai LifeSciences Holdings, Inc. (a)

     190,639  
  4,178     

PepGen, Inc. (a)

     65,260  
  4,166     

PTC Therapeutics, Inc. (a)

     191,178  
  55,517     

Sangamo Therapeutics, Inc. (a)

     193,754  
  1,413     

Sarepta Therapeutics, Inc. (a)

     176,583  
  9,268     

Stoke Therapeutics, Inc. (a)

     92,309  
  998     

Vertex Pharmaceuticals, Inc. (a)

     322,454  
     

 

 

 
        2,632,686  
     

 

 

 
 

Management of Companies and Enterprises - 4.2%

 
  17,270     

CureVac N.V. ADR (Netherlands) (a)

     185,480  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 3.9%

 
  11,765     

Dyne Therapeutics, Inc. (a)

     171,769  
     

 

 

 
 

Professional, Scientific, and Technical Services - 28.6%

 
  4,983     

Arrowhead Pharmaceuticals, Inc. (a)

     174,355  
  7,873     

Avidity Biosciences, Inc. (a)

     186,590  
  1,931     

BioNTech SE ADR (Germany)

     276,925  
  30,623     

Gritstone bio, Inc. (a)

     97,381  
  1,607     

Moderna, Inc. (a)

     282,929  
  28,103     

ProQR Therapeutics N.V. ADR (Netherlands) (a)

     77,564  
  163,400     

Sorrento Therapeutics Inc. (a)

     156,619  
     

 

 

 
        1,252,363  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 3.1%

 
  17,433     

Scilex Holding Co. (a)

     137,546  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $4,443,321)

   $ 4,379,844  
     

 

 

 
 

SHORT TERM INVESTMENTS - 0.2%

 
 

Money Market Funds - 0.2%

 
  7,094     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 7,094  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $7,094)

   $ 7,094  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $4,450,415) - 100.1%

   $ 4,386,938  
  

Liabilities in Excess of Other Assets - (0.1)%

     (1,389
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 4,385,549  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

ADR - American Depository Receipt


Direxion Nanotechnology ETF

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 99.9%

 
 

Chemical Manufacturing - 32.3%

 
  752     

Aadi Bioscience, Inc. (a)

   $ 9,490  
  1,501     

Alkermes PLC ADR (Ireland) (a)

     42,989  
  162     

Alnylam Pharmaceuticals, Inc. (a)

     36,677  
  3,653     

Arcturus Therapeutics Holdings, Inc. (a)

     77,188  
  3,347     

Beam Therapeutics, Inc. (a)

     145,427  
  487     

Cabot Corp.

     36,686  
  1,427     

Generation Bio Co. (a)

     8,419  
  721     

Intellia Therapeutics, Inc. (a)

     30,599  
  239     

Jazz Pharmaceuticals PLC ADR (Ireland) (a)

     37,442  
     

 

 

 
        424,917  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 37.7%

 
  253     

AMETEK, Inc.

     36,665  
  43,973     

Bionano Genomics, Inc. (a)(b)

     79,591  
  2,371     

Bruker Corp.

     166,254  
  135     

Danaher Corp.

     35,691  
  626     

Lumentum Holdings, Inc. (a)

     37,673  
  20,014     

Nano Dimension Ltd. ADR (Israel) (a)(b)

     55,239  
  98     

NVE Corp.

     7,141  
  2,323     

Seer, Inc. (a)

     10,570  
  66     

Thermo Fisher Scientific, Inc.

     37,642  
  5,913     

Vuzix Corp. (a)

     30,807  
     

 

 

 
        497,273  
     

 

 

 
 

Machinery Manufacturing - 5.7%

 
  151     

IDEX Corp.

     36,192  
  77     

Lam Research Corp.

     38,508  
     

 

 

 
        74,700  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 2.8%

 
  94     

KLA-Tencor Corp.

     36,893  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 1.8%

 
  2,888     

PDS Biotechnology Corp. (a)

     24,057  
     

 

 

 
 

Miscellaneous Manufacturing - 2.5%

 
  2,496     

AngioDynamics, Inc. (a)

     32,498  
     

 

 

 
 

Nonmetallic Mineral Product Manufacturing - 0.6%

 
  9,526     

View, Inc. (a)

     7,811  
     

 

 

 
 

Oil and Gas Extraction - 2.6%

 
  34,526     

Meta Materials, Inc. (a)

     34,871  
     

 

 

 
 

Professional, Scientific, and Technical Services - 9.7%

 
  211     

BioNTech SE ADR (Germany)

     30,259  
  9,672     

Liquidia Technologies, Inc. (a)

     63,835  
  193     

Moderna, Inc. (a)

     33,980  
     

 

 

 
        128,074  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 4.2%

 
  6,684     

Roivant Sciences Ltd. ADR (a)(b)

     55,476  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $1,586,267)

   $ 1,316,570  
     

 

 

 
 

SHORT TERM INVESTMENTS - 12.9%

 
 

Money Market Funds - 12.9%

 
  169,816     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 169,816  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $169,816)

   $ 169,816  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $1,756,083) - 112.8%

   $ 1,486,386  
  

Liabilities in Excess of Other Assets - (12.8)%

     (168,087
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 1,318,299  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

ADR - American Depository Receipt


Direxion NASDAQ-100® Equal Weighted Index Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 99.9%

 
 

Accommodation - 1.1%

 
  30,194     

Marriott International, Inc. Class A

   $ 5,259,191  
     

 

 

 
 

Administrative and Support Services - 3.0%

 
  31,541     

Atlassian Corp. (a)

     5,097,656  
  18,803     

Automatic Data Processing, Inc.

     4,245,906  
  2,398     

Booking Holdings, Inc. (a)

     5,836,972  
     

 

 

 
        15,180,534  
     

 

 

 
 

Apparel Manufacturing - 0.9%

 
  14,455     

Lululemon Athletica, Inc. (a)

     4,435,950  
     

 

 

 
 

Beverage and Tobacco Product Manufacturing - 2.7%

 
  128,762     

Keurig Dr Pepper, Inc.

     4,542,723  
  46,087     

Monster Beverage Corp. (a)

     4,796,735  
  25,750     

PepsiCo, Inc.

     4,403,765  
     

 

 

 
        13,743,223  
     

 

 

 
 

Broadcasting and Content Providers - 3.4%

 
  15,234     

Charter Communications, Inc. (a)

     5,854,579  
  134,657     

Comcast Corp. Class A

     5,298,753  
  779,248     

Sirius XM Holdings, Inc. (b)

     4,511,846  
  468,652     

Warner Bros Discovery, Inc. (a)

     6,945,422  
     

 

 

 
        22,610,600  
     

 

 

 
 

Chemical Manufacturing - 6.6%

 
  17,372     

Amgen, Inc.

     4,384,693  
  68,363     

AstraZeneca PLC ADR (United Kingdom)

     4,468,889  
  16,296     

Biogen, Inc. (a)

     4,740,507  
  53,532     

Gilead Sciences, Inc.

     4,493,476  
  6,423     

Regeneron Pharmaceuticals, Inc. (a)

     4,871,653  
  35,834     

Seagen, Inc. (a)

     4,998,126  
  15,241     

Vertex Pharmaceuticals, Inc. (a)

     4,924,367  
     

 

 

 
        32,881,711  
     

 

 

 
 

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 2.1%

 
  40,754     

Ross Stores, Inc.

     4,816,715  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 18.9%

 
  71,000     

Advanced Micro Devices, Inc. (a)

     5,335,650  
  25,726     

Alphabet, Inc. Class A (a)

     2,542,758  
  25,558     

Alphabet, Inc. Class C (a)

     2,552,478  
  27,841     

Analog Devices, Inc.

     4,773,896  
  34,531     

Apple, Inc.

     4,982,478  
  8,361     

Broadcom, Inc.

     4,891,269  
  97,138     

Cisco Systems, Inc.

     4,727,706  
  15,306     

Enphase Energy, Inc. (a)

     3,388,442  
  89,447     

Fortinet, Inc. (a)

     4,681,656  
  77,369     

GlobalFoundries, Inc. ADR (a)(b)

     4,586,434  
  11,394     

IDEXX Laboratories, Inc. (a)

     5,474,817  
  23,276     

Illumina, Inc. (a)

     4,985,719  
  172,522     

Intel Corp.

     4,875,472  
  119,114     

Marvell Technology, Inc.

     5,139,769  
  63,915     

Microchip Technology, Inc.

     4,961,082  
  89,198     

Micron Technology, Inc.

     5,378,639  
  28,024     

NVIDIA Corp.

     5,475,049  
  28,371     

NXP Semiconductors NV ADR (Netherlands)

     5,229,059  
  40,551     

Qualcomm, Inc.

     5,401,799  
  27,394     

Texas Instruments, Inc.

     4,854,491  
     

 

 

 
        94,238,663  
     

 

 

 
 

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.0%

 
  47,113     

Fiserv, Inc. (a)

     5,026,015  
     

 

 

 
 

Food Manufacturing - 1.9%

 
  70,203     

Mondelez International, Inc.

     4,594,084  
  116,344     

The Kraft Heinz Co.

     4,715,423  
     

 

 

 
        9,309,507  
     

 

 

 
 

Food Services and Drinking Places - 2.0%

 
  10,429     

Cintas Corp.

     4,627,764  
  46,992     

Starbucks Corp.

     5,128,707  
     

 

 

 
        9,756,471  
     

 

 

 
 

General Merchandise Retailers - 7.5%

 
  52,859     

Amazon.com, Inc. (a)

     5,451,349  
  10,060     

Costco Wholesale Corp.

     5,142,068  
  32,558     

Dollar Tree, Inc. (a)

     4,889,561  
  113,274     

eBay, Inc.

     5,607,063  
  82,073     

JD.com, Inc. ADR (China)

     4,885,806  
  5,508     

MercadoLibre, Inc. (a)

     6,508,749  
  53,368     

Pinduoduo, Inc. ADR (China)(a)

     5,228,996  
     

 

 

 
        37,713,592  
     

 

 

 
 

Health and Personal Care Retailers - 0.9%

 
  118,935     

Walgreens Boots Alliance, Inc.

     4,383,944  
     

 

 

 
 

Machinery Manufacturing - 4.1%

 
  44,351     

Applied Materials, Inc.

     4,944,693  
  8,091     

ASML Holding NV ADR (Netherlands)

     5,346,856  
  163,701     

Baker Hughes Co.

     5,195,870  
  10,459     

Lam Research Corp.

     5,230,546  
     

 

 

 
        20,717,965  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 3.0%

 
  76,911     

Copart, Inc. (a)

     5,123,042  
  97,015     

Fastenal Co.

     4,904,108  
  12,043     

KLA-Tencor Corp.

     4,726,637  
     

 

 

 
        14,753,787  
     

 

 

 
 

Miscellaneous Manufacturing - 3.0%

 
  23,430     

Align Technology, Inc. (a)

     6,319,774  
  40,519     

DexCom, Inc. (a)

     4,339,180  
  17,548     

Intuitive Surgical, Inc. (a)

     4,311,368  
     

 

 

 
        14,970,322  
     

 

 

 
 

Motion Picture and Sound Recording Industries - 1.1%

 
  15,976     

Netflix, Inc. (a)

     5,653,267  
     

 

 

 
 

Motor Vehicle and Parts Dealers - 0.9%

 
  5,720     

O’Reilly Automotive, Inc. (a)

     4,532,242  
     

 

 

 
 

Performing Arts, Spectator Sports, and Related Industries - 1.9%

 
  61,040     

Activision Blizzard, Inc.

     4,673,833  
  38,148     

Electronic Arts, Inc.

     4,908,884  
     

 

 

 
        9,582,717  
     

 

 

 
 

Professional, Scientific, and Technical Services - 8.0%

 
  83,587     

Cognizant Technology Solutions Corp. Class A

     5,579,432  
  38,884     

Meta Platforms, Inc. (a)

     5,792,550  
  24,025     

Moderna, Inc. (a)

     4,229,842  
  30,753     

Palto Alto Networks, Inc. (a)

     4,878,656  
  40,047     

Paychex, Inc.

     4,639,845  
  26,539     

Verisk Analytics, Inc. Class A

     4,824,525  
  26,510     

Workday, Inc. (a)

     4,809,709  
  40,668     

Zscaler, Inc. (a)

     5,049,339  
     

 

 

 
        39,803,898  
     

 

 

 
 

Publishing Industries - 8.8%

 
  13,717     

Adobe Systems, Inc. (a)

     5,079,954  
  19,129     

ANSYS, Inc. (a)

     5,095,200  
  24,138     

Autodesk, Inc. (a)

     5,193,532  
  28,454     

Cadence Design Systems, Inc. (a)

     5,202,245  
  41,656     

CrowdStrike Holdings, Inc. (a)

     4,411,370  
  59,673     

Datadog, Inc. (a)

     4,464,137  
  12,059     

Intuit, Inc.

     5,096,978  
  18,981     

Microsoft Corp.

     4,703,682  
  14,113     

Synopsys, Inc. (a)

     4,992,474  
     

 

 

 
        44,239,572  
     

 

 

 
 

Rail Transportation - 0.9%

 
  146,742     

CSX Corp.

     4,537,263  
     

 

 

 
 

Rental and Leasing Services - 1.2%

 
  51,850     

Airbnb, Inc. (a)

     5,761,053  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.5%

 
  630,164     

Lucid Group, Inc. (a)(b)

     7,366,617  
     

 

 

 
 

Support Activities for Mining - 1.0%

 
  34,575     

Diamondback Energy, Inc.

     5,052,099  
     

 

 

 
 

Telecommunications - 3.1%

 
  67,061     

PayPal Holdings, Inc. (a)

     5,464,801  
  32,619     

T-Mobile US, Inc. (a)

     4,870,343  
  66,486     

Zoom Video Communications, Inc. (a)

     4,986,450  
     

 

 

 
        15,321,594  
     

 

 

 
 

Transportation Equipment Manufacturing - 3.8%

 
  22,143     

Honeywell International, Inc.

     4,616,373  
  47,278     

Paccar, Inc.

     5,167,958  
  206,600     

Rivian Automotive, Inc. (a)

     4,008,040  
  30,910     

Tesla Motors, Inc. (a)

     5,354,230  
     

 

 

 
        19,146,601  
     

 

 

 
 

Truck Transportation - 1.0%

 
  15,747     

Old Dominion Freight Line, Inc.

     5,247,530  
     

 

 

 
 

Utilities - 3.7%

 
  49,110     

American Electric Power Co., Inc.

     4,614,375  
  52,660     

Constellation Energy Corp.

     4,495,058  
  110,768     

Exelon Corp.

     4,673,302  
  66,422     

Xcel Energy, Inc.

     4,567,841  
     

 

 

 
        18,350,576  
     

 

 

 
 

Web Search Portals, Libraries, Archives, and Other Information Services - 0.9%

 
  59,558     

CoStar Group, Inc. (a)

     4,639,568  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $541,621,974)

   $ 499,032,787  
     

 

 

 
 

SHORT TERM INVESTMENTS - 3.2%

 
 

Money Market Funds - 3.2%

 
  16,037,973     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 16,037,973  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $16,037,973)

   $ 16,037,973  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $557,659,947) - 103.1%

   $ 515,070,760  
  

Liabilities in Excess of Other Assets - (3.1)%

     (15,313,789
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 499,756,971  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

ADR - American Depository Receipt


Direxion Work From Home ETF

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 99.9%

 
 

Administrative and Support Services - 3.4%

 
  3,843     

Atlassian Corp. (a)

   $ 621,106  
  35,206     

SentinelOne, Inc. (a)

     531,258  
     

 

 

 
        1,152,364  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 19.7%

 
  8,267     

Alphabet, Inc. Class A (a)

     817,110  
  445,706     

Avaya Holdings Corp. (a)(b)

     159,162  
  1,790     

Broadcom, Inc.

     1,047,168  
  20,097     

Cisco Systems, Inc.

     978,121  
  17,933     

Fortinet, Inc. (a)

     938,613  
  7,086     

International Business Machines Corp.

     954,697  
  19,349     

Marvell Technology, Inc.

     834,909  
  12,798     

NetApp, Inc.

     847,612  
     

 

 

 
        6,577,392  
     

 

 

 
 

Data Processing, Hosting and Related Services - 5.3%

 
  21,120     

RingCentral, Inc. (a)

     824,313  
  7,825     

VMware, Inc. (a)

     958,328  
     

 

 

 
        1,782,641  
     

 

 

 
 

Electronics and Appliance Stores - 3.5%

 
  27,010     

Smartsheet, Inc. (a)

     1,167,102  
     

 

 

 
 

Management of Companies and Enterprises - 6.6%

 
  9,987     

Alibaba Group Holding Ltd. ADR (a)

     1,100,568  
  52,028     

America Movil SAB de CV Series L ADR (Mexico)

     1,088,946  
     

 

 

 
        2,189,514  
     

 

 

 
 

Nonstore Retailers - 2.2%

 
  6,988     

Amazon.com, Inc. (a)

     720,672  
     

 

 

 
 

Professional, Scientific, and Technical Services - 23.6%

 
  5,641     

Meta Platforms, Inc. (a)

     840,340  
  40,266     

Nutanix, Inc. (a)

     1,122,213  
  14,786     

Okta, Inc. (a)

     1,088,397  
  5,026     

Palto Alto Networks, Inc. (a)

     797,325  
  190,081     

Rackspace Technology, Inc. (a)

     570,243  
  2,037     

ServiceNow, Inc. (a)

     927,100  
  78,746     

Sprinklr, Inc. (a)

     782,735  
  5,458     

Workday, Inc. (a)

     990,245  
  6,126     

Zscaler, Inc. (a)

     760,604  
     

 

 

 
        7,879,202  
     

 

 

 
 

Publishing Industries (except Internet) - 30.4%

 
  2,382     

Adobe Systems, Inc. (a)

     882,150  
  226,196     

Agora, Inc. ADR (a)

     879,902  
  34,547     

Box, Inc. (a)

     1,105,159  
  5,260     

CrowdStrike Holdings, Inc. (a)

     557,034  
  6,350     

CyberArk Software Ltd. ADR (Israel) (a)

     894,588  
  16,408     

DocuSign, Inc. (a)

     994,981  
  1,106,364     

Exela Technologies, Inc. (a)

     67,378  
  3,506     

Microsoft Corp.

     868,822  
  12,148     

Oracle Corp.

     1,074,612  
  19,362     

Progress Software Corp.

     1,026,960  
  5,904     

Salesforce.com, Inc. (a)

     991,695  
  13,324     

Twilio, Inc. (a)

     797,308  
     

 

 

 
        10,140,589  
     

 

 

 
 

Telecommunications - 5.2%

 
  188,497     

8x8, Inc. (a)

     887,821  
  11,166     

Zoom Video Communications, Inc. (a)

     837,450  
     

 

 

 
        1,725,271  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $53,241,316)

   $ 33,334,747  
     

 

 

 
 

SHORT TERM INVESTMENTS - 0.5%

 
 

Money Market Funds - 0.5%

 
  154,936     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 154,936  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $154,936)

   $ 154,936  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $53,396,252) - 100.4%

   $ 33,489,683  
  

Liabilities in Excess of Other Assets - (0.4)%

     (126,408
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 33,363,275  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

ADR - American Depository Receipt


Direxion Daily CSI 300 China A Share Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 107.4%

 
 

Money Market Funds - 107.4%

 
  13,058,148     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 13,058,148  
  1,720,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     1,720,000  
  4     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     4  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $14,778,152) (b)

   $ 14,778,152  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $14,778,152) - 107.4%

   $ 14,778,152  
  

Liabilities in Excess of Other Assets - (7.4)%

     (1,017,175
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 13,760,977  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $3,420,170.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be
Received/(Paid) at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Depreciation
 

3.6500 % representing 1 month SOFR rate + spread

   Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF    UBS Securities LLC      12/13/2023        240,917      $ 7,057,697      $ (511,079

(2.2000)% representing 1 month SOFR rate + spread

   Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF    Barclays      12/20/2023        200,000        5,798,000        (528,018
              

 

 

    

 

 

 
               $ 12,855,697      $ (1,039,097
              

 

 

    

 

 

 


Direxion Daily S&P 500® Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 107.2%

 
 

Money Market Funds - 107.2%

 
  384,023,564     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 384,023,564  
  117,480,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     117,480,000  
  792,887     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     792,887  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $502,296,451) (b)

   $ 502,296,451  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $502,296,451) - 107.2%

   $ 502,296,451  
  

Liabilities in Excess of Other Assets - (7.2)%

     (33,585,459
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 468,710,992  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $122,155,363.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.2500% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    UBS Securities LLC    12/13/2023      6,263      $ 25,083,169      $ (392,993

4.6300% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    Barclays    12/20/2023      108,715        423,384,179        (18,002,380
              

 

 

    

 

 

 
               $ 448,467,348      $ (18,395,373
              

 

 

    

 

 

 


Direxion Daily AAPL Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 101.1%

 
 

Money Market Funds - 101.1%

 
  17,019,525     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 17,019,525  
  2,793,600     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     2,793,600  
  4,950,087     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     4,950,087  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $24,763,212) (b)

   $ 24,763,212  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $24,763,212) - 101.1%

   $ 24,763,212  
  

Liabilities in Excess of Other Assets - (1.1)%

     (267,216
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 24,495,996  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $8,239,757.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

2.8000 % representing 1 month SOFR rate + spread

   Total return of Apple, Inc.    BNP Paribas    12/5/2023      6,800      $ 928,200      $ (49,614

4.3000 % representing 1 month SOFR rate + spread

   Total return of Apple, Inc.    Goldman Sachs    12/7/2023      56,949        7,937,844        (239,025

2.8000 % representing 1 month SOFR rate + spread

   Total return of Apple, Inc.    Bank of America Merrill Lynch    12/8/2023      50,570        7,248,156        (22,370

2.3000 % representing 1 month SOFR rate + spread

   Total return of Apple, Inc.    Citibank N.A.    12/19/2023      55,451        7,854,922        (124,545
              

 

 

    

 

 

 
               $ 23,969,122      $ (435,554
              

 

 

    

 

 

 


Direxion Daily AMZN Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 112.8%

 
 

Money Market Funds - 112.8%

 
  4,141,043     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $  4,141,043  
  825,643     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     825,643  
  2,886,135     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     2,886,135  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $7,852,821) (b)

   $ 7,852,821  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $7,852,821) - 112.8%

   $ 7,852,821  
  

Liabilities in Excess of Other Assets - (12.8)%

     (891,877
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 6,960,944  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $3,711,778.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be Received
at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.3000 % representing 1 month SOFR rate + spread

   Total return of Amazon.com, Inc.    Goldman Sachs    12/7/2023      13,856      $ 1,301,994      $ (124,277

2.8000 % representing 1 month SOFR rate + spread

   Total return of Amazon.com, Inc.    Bank of America Merrill Lynch    12/8/2023      27,555        2,451,591        (382,642

2.3000 % representing 1 month SOFR rate + spread

   Total return of Amazon.com, Inc.    Citibank N.A.    12/19/2023      26,086        2,333,826        (349,661
              

 

 

    

 

 

 
               $ 6,087,411      $ (856,580
              

 

 

    

 

 

 


Direxion Daily GOOGL Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 103.9%

 
 

Money Market Funds - 103.9%

 
  3,819,752     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 3,819,752  
  493,743     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     493,743  
  1,055,533     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     1,055,533  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $5,369,028) (b)

   $ 5,369,028  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $5,369,028) - 103.9%

   $ 5,369,028  
  

Liabilities in Excess of Other Assets - (3.9)%

     (199,338
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 5,169,690  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,549,276.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be Received
at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.3000% representing 1 month SOFR rate + spread

   Total return of Alphabet, Inc.    Goldman Sachs    12/7/2023      23,226      $ 2,176,367      $ (109,105

2.8000% representing 1 month SOFR rate + spread

   Total return of Alphabet, Inc.    Bank of America Merrill Lynch    12/8/2023      9,659        923,690        (26,800

2.3000% representing 1 month SOFR rate + spread

   Total return of Alphabet, Inc.    Citibank N.A.    12/19/2023      19,419        1,817,550        (97,509
              

 

 

    

 

 

 
               $ 4,917,607      $ (233,414
              

 

 

    

 

 

 


Direxion Daily MSFT Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 101.7%

 
 

Money Market Funds - 101.7%

 
  2,297,451     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 2,297,451  
  524,106     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     524,106  
  897,374     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     897,374  
  

TOTAL SHORT TERM INVESTMENTS (Cost $3,718,931) (b)

   $ 3,718,931  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $3,718,931) - 101.7%

   $ 3,718,931  
  

Liabilities in Excess of Other Assets - (1.7)%

     (62,257
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 3,656,674  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,421,480.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

4.3000% representing 1 month SOFR rate + spread

   Total return of Microsoft Corp.    Goldman Sachs    12/7/2023      4,706      $ 1,155,667      $ (4,626

2.8000% representing 1 month SOFR rate + spread

   Total return of Microsoft Corp.    Bank of America Merrill Lynch    12/8/2023      5,682        1,459,819        57,740  

2.3000% representing 1 month SOFR rate + spread

   Total return of Microsoft Corp.    Citibank N.A.    12/19/2023      4,368        1,102,965        23,964  
              

 

 

    

 

 

 
               $ 3,718,451      $ 77,078  
              

 

 

    

 

 

 


Direxion Daily TSLA Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 109.2%

 
 

Money Market Funds - 109.2%

 
  49,322,727     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 49,322,727  
  10,643,267     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     10,643,267  
  16,081,133     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     16,081,133  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $76,047,127) (b)

   $ 76,047,127  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $76,047,127) - 109.2%

   $ 76,047,127  
  

Liabilities in Excess of Other Assets - (9.2)%

     (6,390,051
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 69,657,076  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $38,625,426.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

2.8000 % representing 1 month SOFR rate + spread

   Total return of Tesla, Inc.    BNP Paribas    12/5/2023      119,275      $ 17,881,298      $ (2,733,155

4.3000 % representing 1 month SOFR rate + spread

   Total return of Tesla, Inc.    Goldman Sachs    12/7/2023      110,917        18,016,769        (1,177,066

2.8000 % representing 1 month SOFR rate + spread

   Total return of Tesla, Inc.    Bank of America Merrill Lynch    12/8/2023      57,032        9,307,159        (552,458

2.3000 % representing 1 month SOFR rate + spread

   Total return of Tesla, Inc.    Citibank N.A.    12/19/2023      114,907        13,974,521        (5,907,399
              

 

 

    

 

 

 
               $ 59,179,747      $ (10,370,078
              

 

 

    

 

 

 


Direxion Daily AAPL Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 16.5%

 
 

Computer and Electronic Product Manufacturing - 16.5%

 
  11,621     

Apple, Inc.

   $ 1,676,794  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $1,730,895)

   $ 1,676,794  
     

 

 

 
 

SHORT TERM INVESTMENTS - 80.7%

 
 

Money Market Funds - 80.7%

 
  4,381,428     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 4,381,428  
     

 

 

 
  1,257,873     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     1,257,873  
     

 

 

 
  2,563,341     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     2,563,341  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $8,202,642)

   $ 8,202,642  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $9,933,537) - 97.2% (b)

   $ 9,879,436  
  

Other Assets in Excess of Liabilities - 2.8%

     283,221  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 10,162,657  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $4,348,426.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be Received
at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of Apple, Inc.

   6.3000 % representing 1 month SOFR rate + spread    BNP Paribas      12/5/2023        7,400      $ 1,010,100      $ 49,376  

Total return of Apple, Inc.

   5.3000 % representing 1 month SOFR rate + spread    Goldman Sachs      12/7/2023        34,044        4,634,121        254,579  

Total return of Apple, Inc.

   6.8000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        17,136        2,492,774        (43,129

Total return of Apple, Inc.

   6.8000 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        35,448        4,903,553        175,009  
              

 

 

    

 

 

 
               $ 13,040,548      $ 435,835  
              

 

 

    

 

 

 


Direxion Daily AMZN Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

Common Stocks - 19.7%

 
 

General Merchandise Retailers - 19.7%

 
  35,650     

Amazon.com, Inc.

   $ 3,676,585  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $3,409,631)

   $ 3,676,585  
     

 

 

 
 

SHORT TERM INVESTMENTS - 61.2%

 
 

Money Market Funds - 61.2%

 
  3,435,181     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 3,435,181  
  3,098,335     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     3,098,335  
  4,902,246     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     4,902,246  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $11,435,762)

   $ 11,435,762  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $14,845,393) - 80.9% (b)

   $ 15,112,347  
  

Other Assets in Excess of Liabilities - 19.1%

     3,576,853  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 18,689,200  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $8,000,581.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of Amazon.com, Inc.

   5.5500 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      104,673      $ 10,666,414      $ 162,020  

Total return of Amazon.com, Inc.

   6.8000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      61,207        6,312,278        (32,025

Total return of Amazon.com, Inc.

   7.3000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      70,303        7,250,348        (51,103
              

 

 

    

 

 

 
               $ 24,229,040      $ 78,892  
              

 

 

    

 

 

 


Direxion Daily GOOGL Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 11.8%

 
 

Web Search Portals, Libraries, Archives, and Other Information Services - 11.8%

 
  10,101     

Alphabet, Inc. Class A (a)

   $ 998,383  
     

 

 

 
   TOTAL COMMON STOCKS (Cost $939,596)    $ 998,383  
     

 

 

 
 

SHORT TERM INVESTMENTS - 80.3%

 
 

Money Market Funds - 80.3%

 
  3,495,089     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 3,495,089  
  1,265,825     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     1,265,825  
  2,022,720     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     2,022,720  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $6,783,634)

   $ 6,783,634  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $7,723,230) - 92.1% (c)

   $ 7,782,017  
  

Other Assets in Excess of Liabilities - 7.9%

     663,131  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 8,445,148  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $3,288,545.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of common shares of Alphabet, Inc. Class A

   5.5500% representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      51,675      $ 4,747,073      $ 334,077  

Total return of common shares of Alphabet, Inc. Class A

   6.8000% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      19,859        1,919,632        31,362  

Total return of common shares of Alphabet, Inc. Class A

   6.8000% representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      46,532        4,315,087        252,546  
              

 

 

    

 

 

 
               $ 10,981,792      $ 617,985  
              

 

 

    

 

 

 


Direxion Daily MSFT Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

Common Stocks - 19.6%

 
 

Publishing Industries - 19.6%

 
  4,106      Microsoft Corp.    $ 1,017,508  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $1,009,834)

   $ 1,017,508  
     

 

 

 
 

SHORT TERM INVESTMENTS - 79.4%

 
 

Money Market Funds - 79.4%

 
  2,011,078     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 2,011,078  
  623,555     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     623,555  
  1,496,904     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     1,496,904  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $4,131,537)

   $ 4,131,537  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $5,141,371) - 99.0% (b)

   $ 5,149,045  
  

Other Assets in Excess of Liabilities - 1.0%

     54,732  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 5,203,777  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,120,459.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of Microsoft Corp.

   5.5500 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      10,783      $  2,577,805      $ 79,247  

Total return of Microsoft Corp.

   6.8000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      8,217        2,061,564        (42,807

Total return of Microsoft Corp.

   6.8000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      8,393        2,072,984        (6,263
              

 

 

    

 

 

 
               $ 6,712,353      $ 30,177  
              

 

 

    

 

 

 


Direxion Daily TSLA Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 20.9%

 
 

Transportation Equipment Manufacturing - 20.9%

 
  359,976     

Tesla Motors, Inc. (a)

   $ 62,355,043  
     

 

 

 
   TOTAL COMMON STOCKS (Cost $58,452,215)    $ 62,355,043  
     

 

 

 
 

SHORT TERM INVESTMENTS - 68.9%

 
 

Money Market Funds - 68.9%

 
  105,409,895     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 105,409,895  
  36,118,332     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     36,118,332  
  64,341,089     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     64,341,089  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $205,869,316)

   $ 205,869,316  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $264,321,531) - 89.8% (c)

   $ 268,224,359  
  

Other Assets in Excess of Liabilities - 10.2%

     30,626,723  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 298,851,082  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $177,737,429.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be Received
at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of Tesla, Inc.

   6.3000 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      299,075      $ 45,747,852      $ 5,821,114  

Total return of Tesla, Inc.

   7.8000 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      678,888        120,319,482        (2,045,076

Total return of Tesla, Inc.

   6.8000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      666,044        115,372,142        (656,701

Total return of Tesla, Inc.

   7.3000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      583,907        101,144,370        (494,602
              

 

 

    

 

 

 
               $ 382,583,846      $ 2,624,735  
              

 

 

    

 

 

 


Direxion Daily CSI 300 China A Share Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 44.9%

 
  1,096,728     

Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF (a)

   $ 34,228,881  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $31,718,931)

   $ 34,228,881  
     

 

 

 
 

SHORT TERM INVESTMENTS - 56.2%

 
 

Money Market Funds - 56.2%

 
  32,154,635     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 32,154,635  
  10,755,020     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     10,755,020  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $42,909,655)

   $ 42,909,655  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $74,628,586) - 101.1% (c)

   $ 77,138,536  
  

Liabilities in Excess of Other Assets - (1.1)%

     (820,051
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 76,318,485  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $19,985,945.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be Received
at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF

   2.3000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      773,960      $ 22,197,173      $ 2,125,883  

Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF

   4.4800 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      2,130,176        61,506,375        5,324,514  

Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF

   1.3000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      889,784        25,964,700        2,003,082  
              

 

 

    

 

 

 
               $ 109,668,248      $ 9,453,479  
              

 

 

    

 

 

 


Direxion Daily CSI China Internet Index Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 49.0%

 
  5,947,558     

KraneShares CSI China Internet ETF (a)

   $ 201,443,789  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $177,117,778)

   $ 201,443,789  
     

 

 

 
 

SHORT TERM INVESTMENTS - 48.5%

  
 

Money Market Funds - 48.5%

  
  125,326,700     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 125,326,700  
  26,449,094     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     26,449,094  
  47,753,335     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     47,753,335  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $199,529,129)

   $ 199,529,129  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $376,646,907) - 97.5% (c)

   $ 400,972,918  
  

Other Assets in Excess of Liabilities - 2.5%

     10,436,697  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 411,409,615  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $217,019,965.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to

be Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of KraneShares CSI China Internet ETF

   4.6900% representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      3,523,354      $ 107,200,409      $ 11,547,599  

Total return of KraneShares CSI China Internet ETF

   4.8500% representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      4,218,875        132,053,560        10,031,259  

Total return of KraneShares CSI China Internet ETF

   4.8500% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      2,423,357        76,252,512        5,416,316  

Total return of KraneShares CSI China Internet ETF

   5.0400% representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      4,061,426        125,638,137        11,086,564  

Total return of KraneShares CSI China Internet ETF

   4.9500% representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      4,118,919        130,756,435        8,054,266  
              

 

 

    

 

 

 
               $ 571,901,053      $ 46,136,004  
              

 

 

    

 

 

 


Direxion Daily S&P 500® Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 98.1%

 
  111,286     

iShares Core S&P 500 ETF (a)

   $ 45,439,186  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $43,109,410)

   $ 45,439,186  
     

 

 

 
 

SHORT TERM INVESTMENTS - 0.7%

  
 

Money Market Funds - 0.7%

  
  322,913     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 322,913  
  6,545     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     6,545  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $329,458)

   $ 329,458  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $43,438,868) - 98.8% (c)

   $ 45,768,644  
  

Other Assets in Excess of Liabilities - 1.2%

     561,003  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 46,329,647  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $18,671,869.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P 500® Index

   4.5100 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      884      $ 3,515,398      $ 83,604  

Total return of S&P 500® Index

   4.5500 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      10,699        42,342,346        1,098,974  
              

 

 

    

 

 

 
               $ 45,857,744      $ 1,182,578  
              

 

 

    

 

 

 


Direxion Daily S&P 500 Equal Weight Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 73.9%

 
  15,900     

Invesco S&P 500® Equal Weight ETF (a)

   $ 2,412,507  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $2,495,607)

   $ 2,412,507  
     

 

 

 
 

SHORT TERM INVESTMENTS - 25.4%

  
 

Money Market Funds - 25.4%

  
  830,702     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 830,702  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $830,702)

   $ 830,702  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $3,326,309) - 99.3% (c)

   $ 3,243,209  
  

Other Assets in Excess of Liabilities - 0.7%

     21,301  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 3,264,510  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $676,252.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P 500® Equal Weight Index

   4.8500 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      643      $ 3,798,115      $ 145,466  

Total return of S&P 500® Equal Weight Index

   4.8500 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      25        151,543        2,200  
              

 

 

    

 

 

 
               $ 3,949,658      $ 147,666  
              

 

 

    

 

 

 


Direxion Daily MSCI Brazil Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 40.7%

 
  1,877,496     

iShares MSCI Brazil Capped ETF (a)

   $ 56,963,229  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $63,348,926)

   $ 56,963,229  
     

 

 

 
 

SHORT TERM INVESTMENTS - 55.9%

  
 

Money Market Funds - 55.9%

  
  62,649,466     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 62,649,466  
  1,420     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     1,420  
  15,658,892     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     15,658,892  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $78,309,778)

   $ 78,309,778  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $141,658,704) - 96.6% (c)

   $ 135,273,007  
  

Other Assets in Excess of Liabilities - 3.4%

     4,741,314  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 140,014,321  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $52,682,401.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of iShares MSCI Brazil Capped ETF

   4.8900 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      175,683      $ 4,631,004      $ 669,799  

Total return of iShares MSCI Brazil Capped ETF

   3.8000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      3,144,113        93,909,575        5,068,459  

Total return of iShares MSCI Brazil Capped ETF

   4.4400 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      3,776,661        100,166,707        13,870,256  

Total return of iShares MSCI Brazil Capped ETF

   5.0500 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      255,850        7,862,270        356,990  
              

 

 

    

 

 

 
               $ 206,569,556      $ 19,965,504  
              

 

 

    

 

 

 


Direxion Daily MSCI India Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 52.6%

 
  676,787     

iShares MSCI India ETF (a)

   $ 27,741,499  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $32,323,547)

   $ 27,741,499  
     

 

 

 
 

SHORT TERM INVESTMENTS - 55.3%

  
 

Money Market Funds - 55.3%

  
  13,401,908     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 13,401,908  
  6,270,077     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     6,270,077  
  9,485,643     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     9,485,643  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $29,157,628)

   $ 29,157,628  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $61,481,175) - 107.9% (c)

   $ 56,899,127  
  

Liabilities in Excess of Other Assets - (7.9)%

     (4,169,925
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 52,729,202  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $19,433,097.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

Total return of iShares MSCI India ETF

   5.0900% representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      433,356      $ 18,461,830      $ (789,358

Total return of iShares MSCI India ETF

   4.9500% representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      900,000        38,655,000        (2,026,682

Total return of iShares MSCI India ETF

   5.1000% representing 1 month SOFR rate + spread    Barclays    12/20/2023      562,644        24,272,462        (1,398,302
              

 

 

    

 

 

 
               $ 81,389,292      $ (4,214,342
              

 

 

    

 

 

 


Direxion Daily Cloud Computing Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 82.0%

  
 

Administrative and Support Services - 0.8%

 
  640     

Alarm.com, Inc. (a)

   $ 34,304  
  809     

nCino, Inc. (a)

     23,138  
     

 

 

 
        57,442  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 0.1%

  
  551     

Radware Ltd. ADR (Israel) (a)

     11,736  
     

 

 

 
 

Data Processing, Hosting and Related Services - 6.1%

  
  914     

Five9, Inc. (a)

     72,005  
  1,116     

RingCentral, Inc. (a)

     43,558  
  2,783     

VMware, Inc. (a)

     340,834  
     

 

 

 
        456,397  
     

 

 

 
 

Heavy and Civil Engineering Construction - 0.7%

  
  729     

BlackLine, Inc. (a)

     52,342  
     

 

 

 
 

Professional, Scientific, and Technical Services - 26.6%

  
  994     

2U, Inc. (a)

     8,578  
  603     

DigitalOcean Holdings, Inc. (a)(b)

     17,698  
  912     

Freshworks, Inc. (a)

     14,756  
  906     

LivePerson, Inc. (a)

     11,669  
  438     

Model N, Inc. (a)

     17,371  
  2,933     

Nutanix, Inc. (a)

     81,743  
  685     

Paycom Software, Inc. (a)

     221,899  
  535     

Paylocity Holding Corp. (a)

     111,435  
  546     

PROS Holdings, Inc. (a)

     13,759  
  3,651     

SAP SE ADR (Germany)

     432,753  
  702     

ServiceNow, Inc. (a)

     319,501  
  1,786     

Snowflake, Inc. (a)

     279,402  
  877     

Unisys Corp. (a)

     4,745  
  1,956     

Vimeo, Inc. (a)

     8,880  
  1,688     

Workday, Inc. (a)

     306,254  
  1,105     

Zscaler, Inc. (a)

     137,197  
     

 

 

 
        1,987,640  
     

 

 

 
 

Publishing Industries (except Internet) - 44.5%

  
  1,527     

ACI Worldwide, Inc. (a)

     42,649  
  942     

Adobe Systems, Inc. (a)

     348,860  
  2,124     

Akamai Technologies, Inc. (a)

     188,930  
  238     

AppFolio, Inc. (a)

     26,735  
  1,906     

Autodesk, Inc. (a)

     410,095  
  1,291     

Bill.com Holdings, Inc. (a)

     149,266  
  582     

Blackbaud, Inc. (a)

     36,206  
  1,867     

Box, Inc. (a)

     59,725  
  1,052     

C3.ai, Inc. (a)

     20,882  
  486     

Clearwater Analytics Holdings, Inc. (a)

     9,516  
  1,003     

Coupa Software, Inc. (a)

     80,160  
  1,818     

CrowdStrike Holdings, Inc. (a)

     192,526  
  2,618     

DocuSign, Inc. (a)

     158,756  
  3,680     

Dropbox, Inc. (a)

     85,486  
  451     

Enfusion, Inc. (a)

     5,358  
  523     

Everbridge, Inc. (a)

     16,715  
  1,453     

Informatica, Inc. (a)

     25,863  
  120     

MicroStrategy, Inc. Class A (a)(b)

     30,208  
  4,943     

Oracle Corp.

     437,258  
  637     

Paycor HCM, Inc. (a)

     15,995  
  467     

Qualys, Inc. (a)

     53,873  
  1,901     

Salesforce.com, Inc. (a)

     319,311  
  484     

SPS Commerce, Inc. (a)

     65,863  
  4,503     

Tuya, Inc. ADR (China) (a)

     12,563  
  2,274     

Twilio, Inc. (a)

     136,076  
  362     

Upland Software, Inc. (a)

     3,160  
  1,866     

Veeva Systems, Inc. (a)

     318,246  
  709     

VTEX ADR (United Kingdom) (a)

     3,212  
  583     

Workiva, Inc. (a)

     50,447  
  1,585     

Zuora, Inc. (a)

     12,553  
     

 

 

 
        3,316,493  
     

 

 

 
 

Telecommunications - 3.2%

  
  1,547     

8x8, Inc. (a)

     7,286  
  302     

Bandwidth, Inc. (a)

     7,514  
  2,972     

Zoom Video Communications, Inc. (a)

     222,900  
     

 

 

 
        237,700  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $7,661,487)

   $ 6,119,750  
     

 

 

 
 

SHORT TERM INVESTMENTS - 16.9%

  
 

Money Market Funds - 16.9%

  
  772,530     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 772,530  
  1     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     1  
  487,348     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     487,348  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $1,259,879)

   $ 1,259,879  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $8,921,366) - 98.9% (e)

   $ 7,379,629  
  

Other Assets in Excess of Liabilities - 1.1%

     80,189  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 7,459,818  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,896,596.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Indxx USA Cloud Computing Index

   4.4500 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      8,806      $ 6,222,950      $ 325,323  

Total return of Indxx USA Cloud Computing Index

   4.7000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      2,982        2,111,269        102,327  
              

 

 

    

 

 

 
               $ 8,334,219      $ 427,650  
              

 

 

    

 

 

 


Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 85.2%

  
 

Computer and Electronic Product Manufacturing - 5.9%

 
  11,817     

Blink Charging Co. (a)

   $ 160,829  
  12,846     

Indie Semiconductor, Inc. (a)

     102,383  
     

 

 

 
        263,212  
     

 

 

 
 

Management of Companies and Enterprises - 1.4%

  
  159,050     

Arrival Ltd. ADR (Luxembourg) (a)

     63,604  
     

 

 

 
 

Motor Vehicle and Parts Dealers - 4.0%

  
  25,942     

EVgo, Inc. (a)

     178,740  
     

 

 

 
 

Printing and Related Support Activities - 3.6%

  
  21,795     

Fisker, Inc. (a)

     162,373  
     

 

 

 
 

Professional, Scientific, and Technical Services - 3.5%

  
  75,394     

TuSimple Holdings, Inc. (a)

     158,327  
     

 

 

 
 

Rental and Leasing Services - 2.3%

  
  4,085     

Cerence, Inc. (a)

     100,164  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 27.6%

  
  22,793     

Aeva Technologies, Inc. (a)

     38,520  
  3,773     

Allego NV ADR (Netherlands) (a)

     16,413  
  125,188     

Canoo Inc. (a)

     150,226  
  13,938     

ChargePoint Holdings, Inc. (a)

     169,207  
  15,840     

Hyzon Motors, Inc. (a)

     33,739  
  32,864     

Lucid Group, Inc. (a)

     384,180  
  35,171     

Microvast Holdings, Inc. (a)

     57,329  
  24,196     

Nio, Inc. ADR (China) (a)

     292,046  
  12,784     

Proterra, Inc. (a)

     65,198  
  13,220     

The Lion Electric Co. ADR (Canada) (a)

     34,636  
     

 

 

 
        1,241,494  
     

 

 

 
 

Specialty Trade Contractors - 3.8%

  
  20,205     

QuantumScape Corp. (a)

     171,945  
     

 

 

 
 

Transportation Equipment Manufacturing - 33.1%

  
  5,488     

Gentex Corp.

     161,951  
  12,098     

Li Auto, Inc. ADR (China) (a)

     301,240  
  25,599     

Luminar Technologies, Inc. (a)

     170,745  
  60,926     

Nikola Corp. (a)

     165,110  
  7,171     

Niu Technologies ADR (China) (a)

     38,652  
  1,964     

Tesla Motors, Inc. (a)

     340,204  
  29,185     

XPeng, Inc. ADR (China) (a)

     310,528  
     

 

 

 
        1,488,430  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $3,877,105)

   $ 3,828,289  
     

 

 

 
 

SHORT TERM INVESTMENTS - 17.7%

  
 

Money Market Funds - 17.7%

  
  794,473     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 794,473  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $794,473)

   $ 794,473  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $4,671,578) - 102.9% (c)

   $ 4,622,762  
  

Liabilities in Excess of Other Assets - (2.9)%

     (128,678
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 4,494,084  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,326,336.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Indxx US Electric and Autonomous Vehicles Index

   4.4000 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      2,810      $ 2,890,688      $ 374,205  

Total return of Indxx US Electric and Autonomous Vehicles Index

   4.3000 % representing 1 month SOFR rate + spread    J.P. Morgan    2/26/2024      1,614        1,847,791        34,274  
              

 

 

    

 

 

 
               $ 4,738,479      $ 408,479  
              

 

 

    

 

 

 


Direxion Daily Energy Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 88.3%

 
 

Gasoline Stations - 16.8%

  
  463,087     

Chevron Corp.

   $ 80,586,400  
     

 

 

 
 

Machinery Manufacturing - 1.9%

  
  294,484     

Baker Hughes Co.

     9,346,922  
     

 

 

 
 

Oil and Gas Extraction - 16.1%

  
  94,541     

APA Corp.

     4,191,003  
  231,846     

Coterra Energy, Inc.

     5,803,105  
  192,221     

Devon Energy Corp.

     12,156,056  
  143,340     

EOG Resources, Inc.

     18,956,715  
  107,931     

EQT Corp.

     3,526,106  
  186,737     

Marathon Oil Corp.

     5,129,665  
  213,815     

Occidental Petroleum Corp.

     13,853,074  
  138,976     

Phillips 66

     13,935,124  
     

 

 

 
        77,550,848  
     

 

 

 
 

Petroleum and Coal Products Manufacturing - 31.8%

  
  158,521     

ConocoPhillips

     19,318,954  
  860,912     

Exxon Mobil Corp.

     99,874,401  
  137,806     

Marathon Petroleum Corp.

     17,710,827  
  113,362     

Valero Energy Corp.

     15,874,081  
     

 

 

 
        152,778,263  
     

 

 

 
 

Pipeline Transportation - 2.4%

  
  358,151     

Williams Companies, Inc.

     11,546,788  
     

 

 

 
 

Support Activities for Mining - 15.2%

  
  51,752     

Diamondback Energy, Inc.

     7,562,002  
  267,011     

Halliburton Co.

     11,006,194  
  81,593     

Hess Corp.

     12,252,005  
  69,866     

Pioneer Natural Resources Co.

     16,093,633  
  371,306     

Schlumberger Ltd. ADR (Curaco) (a)

     21,157,016  
  66,565     

Targa Resources Corp.

     4,993,706  
     

 

 

 
        73,064,556  
     

 

 

 
 

Utilities - 4.1%

  
  581,633     

Kinder Morgan, Inc.

     10,643,884  
  131,427     

ONEOK, Inc.

     9,000,121  
     

 

 

 
        19,644,005  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $321,967,625)

   $ 424,517,782  
     

 

 

 
 

SHORT TERM INVESTMENTS - 12.8%

  
 

Money Market Funds - 12.8%

  
  41,177,741     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 41,177,741  
  20,113,498     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     20,113,498  
  224,084     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     224,084  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $61,515,323)

   $ 61,515,323  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $383,482,948) - 101.1% (c)

   $ 486,033,105  
  

Liabilities in Excess of Other Assets - (1.1)%

     (5,423,616
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 480,609,489  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $253,290,589.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be Received
at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Energy Select Sector Index

   4.7900 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      104,947      $ 93,425,918      $ 5,248,019  

Total return of Energy Select Sector Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      160,159        145,087,731        5,573,755  

Total return of Energy Select Sector Index

   4.9800 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      66,178        59,231,865        2,971,795  

Total return of Energy Select Sector Index

   4.8000 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      236,992        211,036,636        11,911,941  
              

 

 

    

 

 

 
               $ 508,782,150      $ 25,705,510  
              

 

 

    

 

 

 


Direxion Daily Energy Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 108.5%

 
 

Money Market Funds - 108.5%

 
  36,370,755     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 36,370,755  
  2,720,420     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     2,720,420  
  1,566,979     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     1,566,979  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $40,658,154) (b)

   $ 40,658,154  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $40,658,154) - 108.5%

   $ 40,658,154  
  

Liabilities in Excess of Other Assets - (8.5)%

     (3,184,913
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 37,473,241  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $20,284,664.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to

be Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

4.3400% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index    BNP Paribas      12/5/2023        51,509      $ 45,854,342      $ (2,602,732

4.3000% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index    J.P. Morgan      12/12/2023        7,784        7,154,237        (179,179

4.6200% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index    UBS Securities LLC      12/13/2023        10,056        9,532,634        36,954  

4.5000% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index    Barclays      12/20/2023        10,007        8,911,033        (507,142
              

 

 

    

 

 

 
               $ 71,452,246      $ (3,252,099
              

 

 

    

 

 

 


Direxion Daily Fintech Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 79.0%

 
 

Administrative and Support Services - 13.6%

 
  372     

Coinbase Global, Inc. (a)(b)

   $ 21,755  
  1,284     

dlLocal Ltd. ADR (a)

     21,302  
  315     

Envestnet, Inc. (a)

     20,475  
  586     

Evertec, Inc.

     21,647  
  135     

FleetCor Technologies, Inc. (a)

     28,189  
  788     

nCino, Inc. (a)

     22,537  
  2,399     

Paymentus Holdings, Inc. (a)

     20,847  
  1,689     

Remitly Global, Inc. (a)

     20,369  
  1,126     

Upstart Holdings, Inc. (a)(b)

     21,034  
  743     

Visa, Inc. Class A

     171,046  
     

 

 

 
        369,201  
     

 

 

 
 

Amusement, Gambling, and Recreation Industries - 2.1%

  
  518     

Global Payments, Inc.

     58,389  
     

 

 

 
 

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 3.5%

  
  890     

Fiserv, Inc. (a)

     94,945  
     

 

 

 
 

Credit Intermediation and Related Activities - 28.2%

  
  1,352     

Affirm Holdings, Inc. (a)(b)

     21,889  
  1,092     

American Express Co.

     191,023  
  732     

Capital One Financial Corp.

     87,108  
  529     

Discover Financial Services

     61,750  
  191     

Euronet Worldwide, Inc. (a)

     21,522  
  1,138     

Fidelity National Information Services, Inc.

     85,395  
  800     

Flywire Corp. (a)

     21,576  
  1,926     

LendingClub Corp. (a)

     18,663  
  439     

MasterCard, Inc. Class A

     162,693  
  451     

Meta Financial Group, Inc.

     22,379  
  608     

Nuvei Corp. ADR (Canada) (a)

     21,481  
  867     

Synchrony Financial

     31,845  
  1,464     

Western Union Co.

     20,745  
     

 

 

 
        768,069  
     

 

 

 
 

Data Processing, Hosting and Related Services - 1.6%

  
  2,309     

PagSeguro Digital Ltd. ADR (a)

     23,298  
  113     

WEX, Inc. (a)

     20,902  
     

 

 

 
        44,200  
     

 

 

 
 

Heavy and Civil Engineering Construction - 0.8%

  
  293     

BlackLine, Inc. (a)

     21,037  
     

 

 

 
 

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 0.6%

  
  2,331     

Marathon Digital Holdings, Inc. (a)(b)

     16,807  
     

 

 

 
 

Management of Companies and Enterprises - 1.7%

  
  7,783     

Lufax Holding Ltd. ADR

     23,738  
  2,061     

StoneCo Ltd. (a)

     23,001  
     

 

 

 
        46,739  
     

 

 

 
 

Professional, Scientific, and Technical Services - 3.2%

  
  518     

Alliance Data Systems Corp.

     21,253  
  135     

Jack Henry & Associates, Inc.

     24,312  
  3,232     

Riot Blockchain, Inc. (a)

     20,265  
  327     

Shift4 Payments, Inc. (a)

     20,941  
     

 

 

 
        86,771  
     

 

 

 
 

Publishing Industries - 6.3%

  
  405     

Intuit, Inc.

     171,181  
     

 

 

 
 

Publishing Industries (except Internet) - 8.7%

  
  732     

ACI Worldwide, Inc. (a)

     20,445  
  191     

Bill.com Holdings, Inc. (a)

     22,083  
  338     

Black Knight, Inc. (a)

     20,479  
  1,025     

Block, Inc. (a)

     83,763  
  642     

Q2 Holdings, Inc. (a)

     21,006  
  428     

SS&C Technologies Holdings, Inc.

     25,830  
  935     

Toast, Inc. (a)

     20,860  
  1,701     

Vertex, Inc. (a)

     22,964  
     

 

 

 
        237,430  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.4%

  
  811     

Assetmark Financial Holdings, Inc. (a)

     21,524  
  1,025     

Paysafe Ltd. (United Kingdom) (a)

     21,566  
  2,151     

Robinhood Markets, Inc. (a)

     22,392  
     

 

 

 
        65,482  
     

 

 

 
 

Telecommunications - 6.3%

  
  2,106     

PayPal Holdings, Inc. (a)

     171,618  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $2,424,812)

   $ 2,151,869  
     

 

 

 
 

SHORT TERM INVESTMENTS - 21.7%

  
 

Money Market Funds - 21.7%

  
  591,627     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 591,627  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $591,627)

   $ 591,627  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $3,016,439) - 100.7% (e)

   $ 2,743,496  
  

Liabilities in Excess of Other Assets - (0.7)%

     (19,679
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 2,723,817  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,298,284.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Indxx US Fintech and Decentralized Finance Index

   5.0000 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        1,260      $ 2,137,556      $ 252,015  

Total return of Indxx US Fintech and Decentralized Finance Index

   4.9500 % representing 1 month SOFR rate + spread    Barclays      12/20/2023        470        844,133        49,744  
              

 

 

    

 

 

 
               $ 2,981,689      $ 301,759  
              

 

 

    

 

 

 


Direxion Daily Global Clean Energy Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 81.4%

 
  203,321     

iShares Global Clean Energy ETF (a)

   $ 4,216,878  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $4,515,014)

   $ 4,216,878  
     

 

 

 
 

SHORT TERM INVESTMENTS - 17.9%

  
 

Money Market Funds - 17.9%

  
  162,751     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 162,751  
  765,819     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     765,819  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $928,570)

   $ 928,570  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $5,443,584) - 99.3% (c)

   $ 5,145,448  
  

Other Assets in Excess of Liabilities - 0.7%

     37,132  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 5,182,580  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,670,954.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of The S&P Global Clean Energy Index

   4.7500 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        102,752      $ 2,123,717      $ (2,385

Total return of The S&P Global Clean Energy Index

   4.9500 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        193,699        3,964,944        31,980  
              

 

 

    

 

 

 
               $ 6,088,661      $ 29,595  
              

 

 

    

 

 

 


Direxion Daily Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 50.6%

 
  8,384,241     

VanEck Vectors® Gold Miners ETF (a)

   $ 268,463,397  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $239,183,788)

   $ 268,463,397  
     

 

 

 
 

SHORT TERM INVESTMENTS - 48.3%

  
 

Money Market Funds - 48.3%

  
  208,735,487     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 208,735,487  
  18,217,083     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     18,217,083  
  29,317,466     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     29,317,466  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $256,270,036)

   $ 256,270,036  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $495,453,824) - 98.9% (c)

   $ 524,733,433  
  

Other Assets in Excess of Liabilities - 1.1%

     5,351,231  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 530,084,664  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $322,785,881.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of VanEck Vectors® Gold Miners ETF

   5.0900% representing 1 month SOFR rate + spread    BNP Paribas      12/5/2023        4,170,353      $ 119,897,766      $ 14,500,282  

Total return of VanEck Vectors® Gold Miners ETF

   4.9000% representing 1 month SOFR rate + spread    Goldman Sachs      12/7/2023        3,100,000        91,066,938        8,600,073  

Total return of VanEck Vectors® Gold Miners ETF

   5.1500% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        4,114,824        122,539,459        10,325,751  

Total return of VanEck Vectors® Gold Miners ETF

   5.1500% representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        4,672,812        134,526,297        15,852,508  

Total return of VanEck Vectors® Gold Miners ETF

   5.4700% representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        5,151,712        152,197,478        13,886,273  

Total return of VanEck Vectors® Gold Miners ETF

   4.9000% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        3,515,683        102,126,913        11,385,010  
              

 

 

    

 

 

 
               $ 722,354,851      $ 74,549,897  
              

 

 

    

 

 

 


Direxion Daily Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 110.7%

 
 

Money Market Funds - 110.7%

 
  103,726,994     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 103,726,994  
  35,238,971     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     35,238,971  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $138,965,965) (b)

   $ 138,965,965  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $138,965,965) - 110.7%

   $ 138,965,965  
  

Liabilities in Excess of Other Assets - (10.7)%

     (13,402,060
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 125,563,905  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $62,332,455.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

4.6800% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF    BNP Paribas      12/5/2023        1,533,465      $ 46,157,748      $ (3,033,208

4.9500% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF    Bank of America Merrill Lynch      12/8/2023        1,305,546        39,081,689        (2,985,286

4.2500% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF    J.P. Morgan      12/12/2023        1,384,402        41,263,002        (3,293,495

4.8900% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF    UBS Securities LLC      12/13/2023        2,111,297        64,912,342        (2,952,738

4.5300% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF    Citibank N.A.      12/19/2023        1,508,187        48,615,279        409,908  
              

 

 

    

 

 

 
               $ 240,030,060      $ (11,854,819
              

 

 

    

 

 

 


Direxion Daily Junior Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 40.4%

 
  3,104,828     

VanEck VectorsTM Junior Gold Miners ETF (a)

   $ 120,933,051  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $109,497,942)

   $ 120,933,051  
     

 

 

 
 

SHORT TERM INVESTMENTS - 58.9%

  
 

Money Market Funds - 58.9%

  
  174,836,311     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 174,836,311  
  1,716,055     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     1,716,055  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $176,552,366)

   $ 176,552,366  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $286,050,308) - 99.3% (c)

   $ 297,485,417  
  

Other Assets in Excess of Liabilities - 0.7%

     2,025,540  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 299,510,957  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $164,984,702.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of VanEck VectorsTM Junior Gold Miners ETF

   5.0900% representing 1 month SOFR rate + spread    BNP Paribas      12/5/2023        4,856,994      $ 167,975,681      $ 20,945,930  

Total return of VanEck VectorsTM Junior Gold Miners ETF

   5.1000% representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        1,403,775        49,693,635        4,847,066  

Total return of VanEck VectorsTM Junior Gold Miners ETF

   5.1700% representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        871,103        31,671,285        2,205,883  

Total return of VanEck VectorsTM Junior Gold Miners ETF

   5.0900% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        5,142,605        182,909,383        17,033,467  
              

 

 

    

 

 

 
               $ 432,249,984      $ 45,032,346  
              

 

 

    

 

 

 


Direxion Daily Junior Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 111.6%

 
 

Money Market Funds - 111.6%

 
  97,009,204     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 97,009,204  
  16,212,941     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     16,212,941  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $113,222,145) (b)

   $ 113,222,145  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $113,222,145) - 111.6%

   $ 113,222,145  
  

Liabilities in Excess of Other Assets - (11.6)%

     (11,813,130
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 101,409,015  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $52,173,942.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

4.6800 % representing 1 month SOFR rate + spread

   Total return of VanEck VectorsTM Junior Gold Miners ETF    BNP Paribas      12/5/2023        1,776,263      $ 62,620,255      $ (6,455,849

4.2000 % representing 1 month SOFR rate + spread

   Total return of VanEck VectorsTM Junior Gold Miners ETF    J.P. Morgan      12/12/2023        1,023,097        40,667,844        855,723  

4.7700 % representing 1 month SOFR rate + spread

   Total return of VanEck VectorsTM Junior Gold Miners ETF    UBS Securities LLC      12/13/2023        1,577,086        57,735,925        (3,628,800

4.5800 % representing 1 month SOFR rate + spread

   Total return of VanEck VectorsTM Junior Gold Miners ETF    Citibank N.A.      12/19/2023        830,709        30,518,087        (1,708,683
              

 

 

    

 

 

 
               $ 191,542,111      $ (10,937,609
              

 

 

    

 

 

 


Direxion Daily Metal Miners Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 71.5%

 
 

Fabricated Metal Product Manufacturing - 4.0%

 
  834     

Materion Corp.

   $ 75,268  
  1,879     

Nucor Corp.

     317,589  
     

 

 

 
        392,857  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 1.0%

 
  1,562     

Ryerson Holding, Corp.

     59,622  
  1,168     

Schnitzer Steel Industries, Inc.

     39,525  
     

 

 

 
        99,147  
     

 

 

 
 

Mining (except Oil and Gas) - 26.0%

 
  1,819     

5E Advanced Materials, Inc. (a)

     17,917  
  1,796     

Alpha Metallurgical Resources, Inc.

     289,030  
  1,930     

Arch Resources, Inc.

     285,679  
  42,164     

Coeur Mining, Inc. (a)

     164,018  
  4,035     

Consol Energy, Inc.

     233,344  
  7,159     

Freeport-McMoRan Copper & Gold, Inc.

     319,435  
  5,954     

Newmont Mining Corp.

     315,145  
  9,842     

Peabody Energy Corp. (a)

     274,493  
  2,499     

Royal Gold, Inc.

     317,448  
  80,441     

Uranium Energy Corp. (a)

     324,177  
     

 

 

 
        2,540,686  
     

 

 

 
 

Primary Metal Manufacturing - 25.3%

 
  6,128     

Alcoa Corp.

     320,127  
  7,761     

Allegheny Technologies, Inc. (a)

     282,423  
  5,487     

Arconic Corp. (a)

     128,999  
  1,703     

Carpenter Technology Corp.

     82,238  
  13,978     

Century Aluminum Co. (a)

     157,113  
  5,759     

Commercial Metals Co.

     312,541  
  380     

Haynes International Inc.

     21,162  
  881     

Kaiser Aluminum Corp.

     77,105  
  1,361     

Reliance Steel & Aluminum Co.

     309,559  
  2,548     

Steel Dynamics, Inc.

     307,391  
  4,211     

SunCoke Energy Inc.

     38,362  
  3,095     

TimkenSteel Corp. (a)

     60,879  
  10,872     

United States Steel Corp.

     309,743  
  1,234     

Worthington Industries, Inc.

     70,178  
     

 

 

 
        2,477,820  
     

 

 

 
 

Real Estate - 3.0%

 
  8,947     

MP Materials Corp. (a)

     290,867  
     

 

 

 
 

Support Activities for Mining - 10.5%

 
  17,823     

Cleveland-Cliffs Inc. (a)

     380,521  
  2,459     

Compass Minerals International, Inc.

     114,737  
  47,650     

Hecla Mining Co.

     294,001  
  3,419     

Piedmont Lithium, Inc. (a)

     234,680  
     

 

 

 
        1,023,939  
     

 

 

 
 

Wood Product Manufacturing - 1.7%

 
  3,607     

Enviva, Inc.

     164,046  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $7,108,026)

   $ 6,989,362  
     

 

 

 
 

SHORT TERM INVESTMENTS - 27.6%

 
 

Money Market Funds - 27.6%

 
  2,347,022     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 2,347,022  
  355,799     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     355,799  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $2,702,821)

   $ 2,702,821  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $9,810,847) - 99.1% (c)

   $ 9,692,183  
  

Other Assets in Excess of Liabilities - 0.9%

     86,188  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 9,778,371  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $6,767,925.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P Metals & Mining Select Industry Index

   4.7000% representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        3,065      $ 8,162,311      $ 764,631  

Total return of S&P Metals & Mining Select Industry Index

   4.9900% representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        1,231        3,318,392        268,600  
              

 

 

    

 

 

 
               $ 11,480,703      $ 1,033,231  
              

 

 

    

 

 

 


Direxion Daily Oil Services Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 67.0%

 
 

Machinery Manufacturing - 15.6%

 
  22,875     

Baker Hughes Co.

   $ 726,052  
  6,028     

Cactus, Inc.

     326,175  
  2,563     

Dril-Quip, Inc. (a)

     78,710  
  18,157     

NOV, Inc.

     443,757  
  6,628     

Oil States International, Inc (a)

     56,736  
  29,066     

TechnipFMC PLC ADR (United Kingdom) (a)

     403,727  
     

 

 

 
        2,035,157  
     

 

 

 
 

Management of Companies and Enterprises - 1.3%

 
  8,701     

Expro Group Holdings N.V. ADR (Netherlands) (a)

     164,362  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 7.1%

 
  11,773     

ChampionX Corp.

     388,745  
  14,445     

RPC, Inc.

     143,294  
  5,462     

Valaris Ltd. ADR (a)

     396,760  
     

 

 

 
        928,799  
     

 

 

 
 

Mining (except Oil and Gas) - 0.7%

 
  7,180     

U.S. Silica Holdings, Inc. (a)

     87,883  
     

 

 

 
 

Primary Metal Manufacturing - 3.1%

 
  11,450     

Tenaris S.A. ADR (Luxembourg)

     405,902  
     

 

 

 
 

Support Activities for Mining - 39.2%

 
  3,092     

Core Laboratories N.V. ADR (Netherlands)

     79,155  
  23,932     

Halliburton Co.

     986,477  
  14,398     

Helix Energy Solutions Group, Inc. (a)

     114,176  
  7,290     

Helmerich & Payne, Inc.

     353,128  
  12,956     

Liberty Oilfield Services, Inc.

     205,093  
  1,074     

Nabors Industries Ltd. ADR (a)

     190,678  
  24,376     

NexTier Oilfield Solutions, Inc. (a)

     229,622  
  9,359     

Oceaneering International, Inc. (a)

     199,815  
  20,562     

Patterson-UTI Energy, Inc.

     345,442  
  8,996     

ProPetro Holding Corp. (a)

     89,510  
  29,650     

Schlumberger Ltd. ADR (Curaco) (a)

     1,689,457  
  10,176     

Select Energy Services, Inc.

     89,345  
  78,086     

Transocean Ltd. ADR (Switzerland) (a)

     526,300  
     

 

 

 
        5,098,198  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $7,304,076)

   $ 8,720,301  
     

 

 

 
 

SHORT TERM INVESTMENTS - 31.3%

 
 

Money Market Funds - 31.3%

 
  2,613,016     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 2,613,016  
  70,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     70,000  
  1,395,088     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     1,395,088  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $4,078,104)

   $ 4,078,104  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $11,382,180) - 98.3% (c)

   $ 12,798,405  
  

Other Assets in Excess of Liabilities - 1.7%

     216,624  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 13,015,029  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $9,318,557.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of MVIS US Listed Oil Services 25 Index

   5.0000 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        5,490      $ 3,708,550      $ 495,415  

Total return of MVIS US Listed Oil Services 25 Index

   4.8000 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        10,300        6,718,483        1,170,505  

Total return of MVIS US Listed Oil Services 25 Index

   4.8500 % representing 1 month SOFR rate + spread    Barclays      12/20/2023        6,686        4,719,447        412,415  
              

 

 

    

 

 

 
               $ 15,146,480      $ 2,078,335  
              

 

 

    

 

 

 


Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 51.5%

 
  389,691     

Global X Robotics & Artificial Intelligence ETF (a)

   $ 9,274,646  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $9,669,282)

   $ 9,274,646  
     

 

 

 
 

SHORT TERM INVESTMENTS - 46.3%

 
 

Money Market Funds - 46.3%

 
  5,406,433     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 5,406,433  
  549,299     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     549,299  
  2,393,510     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     2,393,510  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $8,349,242)

   $ 8,349,242  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $18,018,524) - 97.8% (c)

   $ 17,623,888  
  

Other Assets in Excess of Liabilities - 2.2%

     401,422  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 18,025,310  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $5,560,954.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        488,745      $ 10,420,996      $ 1,148,742  

Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index

   5.0900 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        432,062        9,689,946        553,354  

Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index

   4.9500 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        79,854        1,716,062        172,800  

Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index

   5.0500 % representing 1 month SOFR rate + spread    Barclays      12/20/2023        124,387        2,595,957        344,483  
              

 

 

    

 

 

 
               $ 24,422,961      $ 2,219,379  
              

 

 

    

 

 

 


Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 59.5%

 
 

Chemical Manufacturing - 0.6%

 
  1,827,706     

Gevo, Inc. (a)

   $ 3,874,737  
     

 

 

 
 

Gasoline Stations - 2.4%

 
  47,968     

Chevron Corp.

     8,347,391  
  291,900     

Delek US Holdings, Inc.

     7,811,244  
     

 

 

 
        16,158,635  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.1%

 
  21,023     

REX American Resources Corp. (a)

     687,873  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 0.3%

 
  63,448     

World Fuel Services Corp.

     1,795,579  
     

 

 

 
 

Mining (except Oil and Gas) - 1.2%

 
  509,082     

CNX Resources Corp. (a)

     8,516,942  
     

 

 

 
 

Oil and Gas Extraction - 32.1%

 
  253,340     

Antero Resources Corp. (a)

     7,306,326  
  192,517     

APA Corp.

     8,534,279  
  120,958     

Berry Petroleum Corp.

     1,112,814  
  535,490     

Clean Energy Fuels Corp. (a)

     3,030,873  
  576,859     

Comstock Resources Inc.

     7,008,837  
  329,197     

Coterra Energy, Inc.

     8,239,801  
  87,924     

Crescent Energy Co. (b)

     1,060,364  
  135,168     

Devon Energy Corp.

     8,548,024  
  402,990     

Earthstone Energy, Inc. (a)(b)

     5,601,561  
  66,234     

EOG Resources, Inc.

     8,759,447  
  225,927     

EQT Corp.

     7,381,035  
  189,287     

Green Plains, Inc. (a)

     6,581,509  
  1,285,376     

Kosmos Energy Ltd. (a)

     10,167,324  
  318,603     

Magnolia Oil & Gas Corp.

     7,522,217  
  307,939     

Marathon Oil Corp.

     8,459,084  
  147,245     

Matador Resources Co.

     9,741,729  
  196,702     

Murphy Oil Corp.

     8,578,174  
  232,629     

Northern Oil and Gas, Inc.

     7,797,724  
  61,461     

Oasis Petroleum, Inc.

     8,809,205  
  128,737     

Occidental Petroleum Corp.

     8,340,870  
  172,528     

Ovintiv, Inc.

     8,493,553  
  150,955     

Par Pacific Holdings, Inc. (a)

     4,035,027  
  130,358     

PDC Energy, Inc.

     8,829,147  
  82,234     

Phillips 66

     8,245,603  
  319,538     

Range Resources Corp.

     7,994,841  
  77,019     

Ranger Oil Corp.

     3,234,798  
  93,777     

SilverBow Resources, Inc. (a)(b)

     2,463,522  
  63,723     

Sitio Royalties Corp.

     1,693,120  
  232,442     

SM Energy Co.

     7,640,369  
  1,375,216     

Southwestern Energy Co. (a)

     7,591,192  
  210,462     

Talos Energy, Inc. (a)

     4,169,252  
  2,969,000     

Tellurian, Inc. (a)

     5,908,310  
  454,390     

VAALCO Energy, Inc.

     2,112,914  
  828,747     

W&T Offshore, Inc. (a)

     5,154,806  
     

 

 

 
        220,147,651  
     

 

 

 
 

Petroleum and Coal Products Manufacturing - 11.2%

 
  73,248     

ConocoPhillips

     8,926,734  
  168,572     

CVR Energy, Inc.

     5,596,590  
  77,832     

Exxon Mobil Corp.

     9,029,290  
  165,411     

HF Sinclair Corp.

     9,411,886  
  75,438     

Marathon Petroleum Corp.

     9,695,292  
  247,583     

PBF Energy, Inc.

     10,396,010  
  70,289     

Valero Energy Corp.

     9,842,569  
  678,826     

Vertex Energy, Inc. (a)(b)

     4,941,853  
  160,182     

Vital Energy, Inc. (a)

     9,015,043  
     

 

 

 
        76,855,267  
     

 

 

 
 

Printing and Related Support Activities - 1.5%

 
  937,065     

Permian Resources Corp.

     10,185,897  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.0%

 
  3,385     

Texas Pacific Land Corp.

     6,755,952  
     

 

 

 
 

Support Activities for Mining - 9.1%

 
  128,536     

California Resources Corp.

     5,492,343  
  235,637     

Callon Petroleum Co. (a)

     10,026,354  
  143,547     

Civitas Resources, Inc.

     9,553,053  
  98,746     

Denbury, Inc. (a)

     8,569,178  
  62,182     

Diamondback Energy, Inc.

     9,086,034  
  22,071     

Gulfport Energy Corp. (a)

     1,504,139  
  62,318     

Hess Corp.

     9,357,671  
  37,656     

Pioneer Natural Resources Co.

     8,674,059  
     

 

 

 
        62,262,831  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $406,681,174)

   $ 407,241,364  
     

 

 

 
 

SHORT TERM INVESTMENTS - 38.9%

 
 

Money Market Funds - 38.9%

 
  216,671,951     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 216,671,951  
  22,382,471     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (c)

     22,382,471  
  27,710,729     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     27,710,729  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $266,765,151)

   $ 266,765,151  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $673,446,325) - 98.4% (e)

   $ 674,006,515  
  

Other Assets in Excess of Liabilities - 1.6%

     10,973,727  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 684,980,242  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $450,815,494.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P Oil & Gas Exploration & Production Select Industry Index

   4.8400 % representing 1 month SOFR rate + spread    BNP Paribas      12/5/2023        38,324      $ 201,903,096      $ 5,371,567  

Total return of S&P Oil & Gas Exploration & Production Select Industry Index

   4.8000 % representing 1 month SOFR rate + spread    Goldman Sachs      12/7/2023        26,119        131,734,883        9,778,525  

Total return of S&P Oil & Gas Exploration & Production Select Industry Index

   4.7000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        26,802        140,422,439        4,810,629  

Total return of S&P Oil & Gas Exploration & Production Select Industry Index

   4.5500 % representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        25,662        136,918,483        1,978,012  

Total return of S&P Oil & Gas Exploration & Production Select Industry Index

   4.5700 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        9,842        51,874,760        1,386,390  

Total return of S&P Oil & Gas Exploration & Production Select Industry Index

   4.6700 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        50,319        262,336,428        10,094,419  
              

 

 

    

 

 

 
               $ 925,190,089      $ 33,419,542  
              

 

 

    

 

 

 


Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 106.9%

 
 

Money Market Funds - 106.9%

 
  60,533,592     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 60,533,592  
  9,820,398     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     9,820,398  
  26,430,531     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     26,430,531  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $96,784,521) (b)

   $ 96,784,521  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $96,784,521) - 106.9%

   $ 96,784,521  
  

Liabilities in Excess of Other Assets - (6.9)%

     (6,213,648
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 90,570,873  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $42,806,646.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.5000% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index    Goldman Sachs      12/7/2023        7,590      $ 38,324,614      $ (2,806,623

4.5000% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index    Bank of America Merrill Lynch      12/8/2023        8,199        43,899,830        (582,875

3.9000% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index    J.P. Morgan      12/12/2023        4,656        25,165,866        (57,340

4.3300% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index    UBS Securities LLC      12/13/2023        7,485        39,261,669        (1,242,039

4.2500% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index    Citibank N.A.      12/19/2023        5,387        27,964,187        (1,216,611
              

 

 

    

 

 

 
               $ 174,616,166      $ (5,905,488
              

 

 

    

 

 

 


Direxion Daily Select Large Caps & FANGs Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 73.5%

 
 

Administrative and Support Services - 3.8%

 
  2,441     

Atlassian Corp. (a)

   $ 394,514  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 28.6%

 
  4,957     

Advanced Micro Devices, Inc. (a)

     372,518  
  3,790     

Alphabet, Inc. Class A (a)

     374,604  
  2,193     

Analog Devices, Inc.

     376,034  
  2,598     

Apple, Inc.

     374,865  
  633     

Broadcom, Inc. (a)

     370,311  
  1,922     

NVIDIA Corp.

     375,501  
  3,916     

Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Taiwan) (a)

     363,131  
  2,091     

Texas Instruments, Inc. (a)

     370,546  
     

 

 

 
        2,977,510  
     

 

 

 
 

Motion Picture and Sound Recording Industries - 3.5%

 
  1,018     

Netflix, Inc. (a)

     360,230  
     

 

 

 
 

General Merchandise Retailers - 3.8%

 
  3,844     

Amazon.com, Inc. (a)

     396,432  
     

 

 

 
 

Professional, Scientific, and Technical Services - 11.1%

 
  2,587     

Meta Platforms, Inc. (a)

     385,385  
  835     

ServiceNow, Inc. (a)

     380,034  
  2,540     

Snowflake, Inc. (a)

     397,358  
     

 

 

 
        1,162,777  
     

 

 

 
 

Publishing Industries - 14.6%

 
  3,540     

CrowdStrike Holdings, Inc. (a)

     374,886  
  5,025     

Datadog, Inc. (a)

     375,920  
  922     

Intuit, Inc.

     389,702  
  1,530     

Microsoft Corp.

     379,149  
     

 

 

 
        1,519,657  
     

 

 

 
 

Transportation Equipment Manufacturing - 8.1%

 
  20,514     

Rivian Automotive, Inc. (a)

     397,972  
  2,573     

Tesla Motors, Inc. (a)

     445,695  
     

 

 

 
        843,667  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $7,706,497)

   $ 7,654,787  
     

 

 

 
 

SHORT TERM INVESTMENTS - 23.9%

 
 

Money Market Funds - 23.9%

 
  2,280,895     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 2,280,895  
  50,004     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     50,004  
  162,346     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     162,346  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $2,493,245)

   $ 2,493,245  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $10,199,742) - 97.4% (c)

   $ 10,148,032  
  

Other Assets in Excess of Liabilities - 2.6%

     274,848  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 10,422,880  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $5,933,833.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of ICE FANG 20 Index

   4.8900 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        49,908      $ 10,204,381      $ 626,219  

Total return of ICE FANG 20 Index

   4.9500 % representing 1 month SOFR rate + spread    Barclays      12/20/2023        10,617        2,249,689        55,812  
              

 

 

    

 

 

 
               $ 12,454,070      $ 682,031  
              

 

 

    

 

 

 


Direxion Daily Software Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 74.6%

 
 

Administrative and Support Services - 0.6%

 
  86     

Alarm.com, Inc. (a)

   $ 4,610  
  95     

Envestnet, Inc. (a)

     6,175  
  131     

nCino, Inc. (a)

     3,747  
  361     

SentinelOne, Inc. (a)

     5,447  
  81     

Sprout Social, Inc. (a)

     5,181  
     

 

 

 
        25,160  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 4.0%

 
  890     

BlackBerry, Ltd. ADR (Canada) (a)

     3,782  
  106     

Dolby Laboratories, Inc.

     8,433  
  1,111     

Fortinet, Inc. (a)

     58,150  
  51     

InterDigital, Inc.

     3,567  
  235     

NCR Corp. (a)

     6,444  
  182     

Roper Technologies, Inc.

     77,669  
  174     

Teradata Corp. (a)

     6,069  
     

 

 

 
        164,114  
     

 

 

 
 

Data Processing, Hosting and Related Services - 1.5%

 
  121     

Five9, Inc. (a)

     9,532  
  70     

Pegasystems, Inc.

     2,722  
  132     

RingCentral, Inc. (a)

     5,152  
  356     

VMware, Inc. (a)

     43,599  
     

 

 

 
        61,005  
     

 

 

 
 

Electronics and Appliance Stores - 0.5%

 
  224     

Smartsheet, Inc. (a)

     9,679  
  600     

UiPath, Inc. (a)

     9,216  
     

 

 

 
        18,895  
     

 

 

 
 

Food Services and Drinking Places - 0.3%

 
  107     

Manhattan Associates, Inc. (a)

     13,949  
     

 

 

 
 

Heavy and Civil Engineering Construction - 0.2%

 
  93     

BlackLine, Inc. (a)

     6,677  
     

 

 

 
  

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 0.0% ()

 
  190     

Marathon Digital Holdings, Inc. (a)(b)

     1,370  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.2%

 
  34     

Agilysys, Inc. (a)

     2,841  
  100     

New Relic, Inc. (a)

     6,105  
     

 

 

 
        8,946  
     

 

 

 
 

Motion Picture and Sound Recording Industries - 0.8%

 
  180     

Adeia, Inc.

     1,971  
  270     

Take-Two Interactive Software, Inc. (a)

     30,572  
     

 

 

 
        32,543  
     

 

 

 
 

Other Information Services - 0.1%

 
  114     

LiveRamp Holdings, Inc. (a)

     3,051  
     

 

 

 
 

Performing Arts, Spectator Sports, and Related Industries - 3.7%

 
  1,220     

Activision Blizzard, Inc.

     93,416  
  449     

Electronic Arts, Inc.

     57,777  
     

 

 

 
        151,193  
     

 

 

 
 

Professional, Scientific, and Technical Services - 12.5%

 
  109     

A10 Networks, Inc.

     1,687  
  105     

Alteryx, Inc. (a)

     5,826  
  211     

AppLovin Corp. (a)

     2,680  
  129     

Asana, Inc. (a)

     1,999  
  50     

Aspen Technology, Inc. (a)

     9,937  
  154     

Digital Turbine, Inc. (a)

     2,673  
  127     

DoubleVerify Holdings, Inc. (a)

     3,453  
  132     

Elastic NV ADR (Netherlands) (a)

     7,767  
  276     

Freshworks, Inc. (a)

     4,466  
  26     

Intapp, Inc. (a)

     753  
  77     

Jamf Holding Corp. (a)

     1,530  
  120     

LivePerson, Inc. (a)

     1,546  
  57     

Model N, Inc. (a)

     2,261  
  219     

Momentive Global, Inc. (a)

     1,688  
  394     

Nutanix, Inc. (a)

     10,981  
  463     

Open Text Corp. ADR (Canada)

     15,534  
  3,018     

Palantir Technologies, Inc. (a)

     23,480  
  515     

Palto Alto Networks, Inc. (a)

     81,700  
  83     

Paycom Software, Inc. (a)

     26,887  
  71     

Paylocity Holding Corp. (a)

     14,789  
  118     

Procore Technologies, Inc. (a)

     6,602  
  70     

PROS Holdings, Inc. (a)

     1,764  
  189     

Qualtrics International, Inc. (a)

     2,981  
  346     

ServiceNow, Inc. (a)

     157,475  
  1,723     

Snap, Inc. (a)

     19,918  
  185     

Sumo Logic, Inc. (a)

     2,189  
  418     

Unity Software, Inc. (a)

     14,847  
  112     

Verint Systems, Inc. (a)

     4,253  
  344     

Workday, Inc. (a)

     62,412  
  145     

Zscaler, Inc. (a)

     18,003  
     

 

 

 
        512,081  
     

 

 

 
 

Publishing Industries - 0.6%

 
  256     

Splunk, Inc. (a)

     24,517  
     

 

 

 
 

Publishing Industries (except Internet) - 48.8%

 
  193     

ACI Worldwide, Inc. (a)

     5,390  
  720     

Adobe Systems, Inc. (a)

     266,645  
  90     

Altair Engineering, Inc. (a)

     4,779  
  149     

ANSYS, Inc. (a)

     39,688  
  32     

AppFolio, Inc. (a)

     3,595  
  70     

Appian, Corp. (a)

     2,896  
  370     

Autodesk, Inc. (a)

     79,609  
  337     

Bentley Systems, Inc.

     13,160  
  163     

Bill.com Holdings, Inc. (a)

     18,846  
  267     

Black Knight, Inc. (a)

     16,178  
  76     

Blackbaud, Inc. (a)

     4,728  
  244     

Box, Inc. (a)

     7,806  
  144     

C3.ai, Inc. (a)

     2,858  
  470     

Cadence Design Systems, Inc. (a)

     85,930  
  263     

Ceridian HCM Holding, Inc. (a)

     19,010  
  129     

Clear Secure, Inc.

     4,049  
  76     

CommVault Systems, Inc. (a)

     4,729  
  263     

Confluent, Inc. (a)

     6,075  
  30     

Consensus Cloud Solutions, Inc. (a)

     1,763  
  130     

Coupa Software, Inc. (a)

     10,390  
  368     

CrowdStrike Holdings, Inc. (a)

     38,971  
  425     

Datadog, Inc. (a)

     31,794  
  145     

Descartes Systems Group, Inc. ADR (Canada) (a)

     10,588  
  344     

DocuSign, Inc. (a)

     20,860  
  462     

Dropbox, Inc. (a)

     10,732  
  130     

Duck Creek Technologies, Inc. (a)

     2,461  
  345     

Dynatrace, Inc. (a)

     13,258  
  68     

Everbridge, Inc. (a)

     2,173  
  43     

Fair Isaac Corp. (a)

     28,636  
  103     

GitLab, Inc. (a)

     5,089  
  140     

Guidewire Software, Inc. (a)

     10,254  
  83     

HubSpot, Inc. (a)

     28,802  
  483     

Intuit, Inc.

     204,150  
  232     

Lightspeed Commerce, Inc. ADR (Canada) (a)

     4,199  
  968     

Microsoft Corp.

     239,880  
  16     

MicroStrategy, Inc. Class A (a)

     4,028  
  115     

N-able, Inc. (a)

     1,181  
  993     

NortonLifeLock, Inc.

     22,849  
  2,633     

Oracle Corp.

     232,915  
  139     

PagerDuty, Inc. (a)

     4,141  
  81     

Paycor HCM, Inc. (a)

     2,034  
  55     

PowerSchool Holdings, Inc. (a)

     1,239  
  74     

Progress Software Corp.

     3,925  
  181     

PTC, Inc. (a)

     24,413  
  99     

Q2 Holdings, Inc. (a)

     3,239  
  59     

Qualys, Inc. (a)

     6,806  
  101     

Rapid7, Inc. (a)

     4,027  
  1,713     

Salesforce.com, Inc. (a)

     287,733  
  80     

SolarWinds Corp. (a)

     813  
  62     

SPS Commerce, Inc. (a)

     8,437  
  262     

Synopsys, Inc. (a)

     92,682  
  193     

Tenable Holdings, Inc. (a)

     7,764  
  71     

Tyler Technologies, Inc. (a)

     22,917  
  189     

Varonis Systems, Inc. (a)

     4,884  
  78     

Workiva, Inc. (a)

     6,749  
  215     

Zeta Global Holdings Corp. (a)

     1,952  
  212     

Zuora, Inc. (a)

     1,679  
     

 

 

 
        1,996,378  
     

 

 

 
  

Rental and Leasing Services - 0.0%()

 
  67     

Cerence, Inc. (a)

     1,643  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.1%

 
  295     

E2open, Inc. (a)

     2,036  
  379     

Matterport, Inc. (a)

     1,334  
     

 

 

 
        3,370  
     

 

 

 
 

Telecommunications - 0.7%

 
  378     

Zoom Video Communications, Inc. (a)

     28,350  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $3,500,827)

   $ 3,053,242  
     

 

 

 
 

SHORT TERM INVESTMENTS - 21.6%

 
 

Money Market Funds - 21.6%

 
  594,808     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 594,808  
  290,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     290,000  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $884,808)

   $ 884,808  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $4,385,635) - 96.2% (e)

   $ 3,938,050  
  

Other Assets in Excess of Liabilities - 3.8%

     156,578  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 4,094,628  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

() 

Less than 0.005%.

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,576,789.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P North American Expanded Technology Software Index

   4.9900 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        6,342      $ 3,290,883      $ 172,111  

Total return of S&P North American Expanded Technology Software Index

   4.9000 % representing 1 month SOFR rate + spread    Barclays      12/20/2023        3,020        1,556,652        91,118  
              

 

 

    

 

 

 
               $ 4,847,535      $ 263,229  
              

 

 

    

 

 

 


Direxion Daily TIPS Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 81.6%

 
  38,053     

iShares TIPS Bond ETF (a)

   $ 4,134,458  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $4,501,759)

   $ 4,134,458  
     

 

 

 
 

SHORT TERM INVESTMENTS - 15.2%

 
 

Money Market Funds - 15.2%

 
  768,843     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 768,843  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $768,843)

   $ 768,843  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $5,270,602) - 96.8% (c)

   $ 4,903,301  
  

Other Assets in Excess of Liabilities - 3.2%

     160,809  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 5,064,110  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $4,158,630.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Depreciation
 

Total return of iShares TIPS Bond ETF

   4.4500 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        55,166      $ 5,982,194      $ (6,462
              

 

 

    

 

 

 
               $ 5,982,194      $ (6,462
              

 

 

    

 

 

 


Direxion Daily TIPS Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 99.2%

 
 

Money Market Funds - 99.2%

 
  5,433,086     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 5,433,086  
  1,130,085     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     1,130,085  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $6,563,171) (b)

   $ 6,563,171  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $6,563,171) - 99.2%

   $ 6,563,171  
  

Other Assets in Excess of Liabilities - 0.8%

     51,801  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 6,614,972  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,131,065.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

4.1500% representing 1 month SOFR rate + spread

   Total return of iShares TIPS Bond ETF    J.P. Morgan      12/12/2023        57,137      $ 6,230,790      $ 42,750  

4.2400% representing 1 month SOFR rate + spread

   Total return of iShares TIPS Bond ETF    UBS Securities LLC      12/13/2023        64,630        7,012,825        6,445  
              

 

 

    

 

 

 
               $ 13,243,615      $ 49,195  
              

 

 

    

 

 

 


Direxion Daily Travel & Vacation Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 63.0%

 
 

Accommodation - 22.6%

  
  2,858     

Boyd Gaming Co.

   $ 178,082  
  4,306     

Caesars Entertainment Inc. (a)

     224,170  
  1,403     

Choice Hotels International, Inc.

     172,415  
  3,269     

Hilton Grand Vacations, Inc. (a)

     154,820  
  5,004     

Hilton Worldwide Holdings, Inc.

     726,030  
  14,910     

Host Hotels & Resorts, Inc.

     281,054  
  6,868     

Huazhu Group Ltd. ADR

     326,093  
  1,629     

Hyatt Hotels Corp. (a)

     177,756  
  5,061     

InterContinental Hotels Group PLC ADR (United Kingdom)

     358,066  
  9,504     

Las Vegas Sands Corp. (a)

     560,736  
  4,272     

Marriott International, Inc. Class A

     744,097  
  12,528     

Melco Crown Entertainment Ltd. ADR (a)

     171,132  
  7,927     

MGM Resorts International

     328,257  
  10,448     

Park Hotels & Resorts, Inc.

     153,690  
  4,829     

Penn National Gaming, Inc. (a)

     171,188  
  11,593     

Sunstone Hotel Investors, Inc.

     127,407  
  3,778     

Travel + Leisure Co.

     160,074  
  914     

Vail Resorts, Inc.

     239,779  
  2,876     

Wyndham Hotels & Resorts, Inc.

     222,919  
     

 

 

 
        5,477,765  
     

 

 

 
 

Administrative and Support Services - 6.0%

  
  344     

Booking Holdings, Inc. (a)

     837,330  
  4,017     

Live Nation Entertainment, Inc. (a)

     323,328  
  5,326     

Six Flags Entertainment Corp. (a)

     143,003  
  6,772     

TripAdvisor, Inc. (a)

     157,788  
     

 

 

 
        1,461,449  
     

 

 

 
 

Air Transportation - 10.7%

  
  4,402     

Alaska Air Group, Inc. (a)

     225,999  
  1,442     

Allegiant Travel Co. (a)

     124,055  
  18,199     

American Airlines Group, Inc. (a)

     293,732  
  14,949     

Delta Air Lines, Inc. (a)

     584,506  
  17,467     

JetBlue Airways Corp. (a)

     139,736  
  3,752     

Ryanair Holdings PLC ADR (Ireland) (a)

     339,668  
  10,882     

Southwest Airlines Co.

     389,249  
  6,196     

Spirit Airlines, Inc.

     122,929  
  7,758     

United Continental Holdings, Inc. (a)

     379,832  
     

 

 

 
        2,599,706  
     

 

 

 
 

Amusement, Gambling, and Recreation Industries - 4.9%

  
  2,020     

SeaWorld Entertainment, Inc. (a)

     126,028  
  7,293     

The Walt Disney Co. (a)

     791,217  
  2,600     

Wynn Resorts Ltd. (a)

     269,464  
     

 

 

 
        1,186,709  
     

 

 

 
 

Data Processing, Hosting and Related Services - 3.4%

  
  7,346     

Airbnb, Inc. (a)

     816,214  
     

 

 

 
 

Management of Companies and Enterprises - 4.4%

  
  31,524     

Carnival Corp. ADR (Panama) (a)

     341,090  
  12,949     

Norwegian Cruise Line Holdings Ltd. ADR (a)

     196,954  
  14,369     

Trip.com Group Ltd. ADR (China) (a)

     528,204  
     

 

 

 
        1,066,248  
     

 

 

 
 

Other Information Services - 0.5%

  
  19,766     

Sabre Corp. (a)

     134,607  
     

 

 

 
 

Performing Arts, Spectator Sports, and Related Industries - 1.0%

  
  956     

Churchill Downs, Inc.

     237,184  
     

 

 

 
 

Real Estate - 5.9%

  
  8,656     

Apple Hospitality REIT, Inc.

     153,471  
  5,683     

Gaming & Leisure Properties, Inc.

     304,381  
  1,196     

Marriott Vacations Worldwide Corp.

     191,408  
  7,454     

Pebblebrook Hotel Trust

     122,246  
  1,821     

Ryman Hospitality Properties, Inc.

     169,153  
  14,431     

VICI Properties, Inc.

     493,251  
     

 

 

 
        1,433,910  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.5%

  
  23,075     

Virgin Galactic Holdings, Inc. (a)(b)

     127,374  
     

 

 

 
 

Support Activities for Transportation - 1.8%

  
  3,764     

Expedia, Inc. (a)

     430,225  
     

 

 

 
 

Water Transportation - 1.3%

  
  5,041     

Royal Caribbean Cruises Ltd. ADR (Liberia) (a)

     327,363  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $17,239,280)

   $ 15,298,754  
     

 

 

 
 

SHORT TERM INVESTMENTS - 35.5%

  
 

Money Market Funds - 35.5%

  
  7,594,063     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 7,594,063  
  2     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     2  
  1,036,273     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     1,036,273  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $8,630,338)

   $ 8,630,338  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $25,869,618) - 98.5% (e)

   $ 23,929,092  
  

Other Assets in Excess of Liabilities - 1.5%

     357,055  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 24,286,147  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $11,830,659.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of BlueStar® Travel and Vacation Index

   4.8000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      18,494      $ 2,573,406      $ 82,595  

Total return of BlueStar® Travel and Vacation Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      212,943        27,590,776        2,886,705  
              

 

 

    

 

 

 
               $ 30,164,182      $ 2,969,300  
              

 

 

    

 

 

 


Direxion Daily US Infrastructure Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 86.7%

 
 

Administrative and Support Services - 2.0%

 
  313     

Mastec, Inc. (a)

   $ 30,746  
  222     

NV5 Global, Inc. (a)

     29,590  
     

 

 

 
        60,336  
     

 

 

 
 

Air Transportation - 1.0%

 
  298     

Atlas Air Worldwide Holdings, Inc. (a)

     30,459  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 1.0%

 
  531     

Itron, Inc. (a)

     30,516  
     

 

 

 
 

Construction of Buildings - 2.1%

 
  311     

Dycom Industries, Inc. (a)

     29,660  
  3,503     

Tutor Perini Corp. (a)

     32,123  
     

 

 

 
        61,783  
     

 

 

 
 

Couriers and Messengers - 1.0%

 
  1,091     

Air Transport Services Group, Inc. (a)

     30,886  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 1.0%

 
  761     

Powell Industries, Inc.

     30,212  
     

 

 

 
 

Energy - 1.0%

 
  962     

FLEX LNG Ltd. ADR

     29,918  
     

 

 

 
 

Fabricated Metal Product Manufacturing - 1.0%

 
  94     

Valmont Industries, Inc.

     30,995  
     

 

 

 
 

Heavy and Civil Engineering Construction - 6.4%

 
  1,158     

Construction Partners, Inc. (a)

     32,760  
  762     

Granite Construction, Inc.

     32,446  
  4,407     

Great Lakes Dredge & Dock Corp. (a)

     30,320  
  315     

MYR Group, Inc. (a)

     31,204  
  1,191     

Primoris Services Corp.

     31,681  
  929     

Sterling Construction Co., Inc. (a)

     33,806  
     

 

 

 
        192,217  
     

 

 

 
 

Machinery Manufacturing - 2.1%

 
  545     

Arcosa, Inc.

     32,302  
  2,316     

TechnipFMC PLC ADR (United Kingdom) (a)

     32,169  
     

 

 

 
        64,471  
     

 

 

 
 

Management of Companies and Enterprises - 2.0%

 
  844     

Brookfield Infrastructure Partners L.P.

     29,827  
  2,195     

Frontline PLC ADR (b)

     30,357  
     

 

 

 
        60,184  
     

 

 

 
 

Pipeline Transportation - 1.0%

 
  650     

Scorpio Tankers, Inc. ADR (Monaco)

     31,115  
     

 

 

 
 

Professional, Scientific, and Technical Services - 5.1%

 
  353     

AECOM

     30,806  
  842     

Fluor Corp. (a)

     30,944  
  252     

Jacobs Solutions, Inc.

     31,135  
  593     

Stantec, Inc. ADR (Canada)

     30,931  
  197     

Tetra Tech, Inc.

     30,637  
     

 

 

 
        154,453  
     

 

 

 
 

Publishing Industries (except Internet) - 0.9%

 
  4,833     

21Vianet Group, Inc. ADR (China) (a)

     28,418  
     

 

 

 
 

Rail Transportation - 3.9%

 
  246     

Canadian National Railway Co. ADR (Canada)

     29,296  
  381     

Canadian Pacific Railway Ltd. ADR (Canada)

     30,061  
  949     

CSX Corp.

     29,343  
  145     

Union Pacific Corp.

     29,608  
     

 

 

 
        118,308  
     

 

 

 
 

Real Estate - 4.2%

 
  141     

American Tower Corp.

     31,498  
  210     

Crown Castle International Corp.

     31,103  
  284     

Digital Realty Trust, Inc.

     32,552  
  4,842     

Uniti Group, Inc.

     31,909  
     

 

 

 
        127,062  
     

 

 

 
 

Rental and Leasing Services - 2.1%

 
  1,675     

Global Ship Lease, Inc. ADR (United Kingdom)

     31,038  
  325     

Ryder System, Inc.

     30,683  
     

 

 

 
        61,721  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 4.3%

 
  11,429     

Cyxtera Technologies, Inc. (a)

     36,801  
  3,681     

DHT Holdings, Inc. ADR

     31,546  
  1,264     

GDS Holdings Ltd. ADR (China) (a)

     29,514  
  1,963     

Verra Mobility Corp. (a)

     30,289  
     

 

 

 
        128,150  
     

 

 

 
 

Software & Services - 1.0%

 
  3,577     

Chindata Group Holdings Ltd. ADR (a)

     29,653  
     

 

 

 
 

Specialty Trade Contractors - 1.0%

 
  203     

Quanta Services, Inc.

     30,894  
     

 

 

 
 

Support Activities for Transportation - 6.2%

 
  4,736     

Daseke, Inc. (a)

     33,057  
  291     

Forward Air Corp.

     31,384  
  367     

Hub Group, Inc. (a)

     31,294  
  157     

J.B. Hunt Transport Services, Inc.

     29,681  
  475     

Matson, Inc.

     31,407  
  119     

Norfolk Southern Corp.

     29,252  
     

 

 

 
        186,075  
     

 

 

 
 

Telecommunications - 5.3%

 
  790     

Argan, Inc.

     30,802  
  2,498     

DigitalBridge Group, Inc. (a)

     36,971  
  42     

Equinix, Inc.

     31,002  
  3,898     

IHS Holding Ltd. ADR (a)

     29,937  
  106     

SBA Communications Corp.

     31,538  
     

 

 

 
        160,250  
     

 

 

 
 

Transportation Equipment Manufacturing - 3.2%

 
  2,415     

Embraer SA ADR (Brazil) (a)

     31,130  
  1,074     

The Greenbrier Companies, Inc.

     33,208  
  293     

Wabtec Corp.

     30,416  
     

 

 

 
        94,754  
     

 

 

 
 

Truck Transportation - 10.4%

 
  373     

ArcBest Corp.

     31,127  
  1,798     

Heartland Express, Inc.

     30,242  
  530     

Knight-Swift Transportation Holdings, Inc. Class A

     31,323  
  1,511     

Marten Transport Ltd.

     33,378  
  94     

Old Dominion Freight Line, Inc.

     31,325  
  116     

Saia, Inc. (a)

     31,642  
  1,176     

Schneider National, Inc.

     31,164  
  279     

TFI International, Inc. ADR (Canada)

     31,053  
  853     

Universal Logistics Holdings, Inc.

     30,640  
  662     

Werner Enterprises, Inc.

     31,094  
     

 

 

 
        312,988  
     

 

 

 
 

Utilities - 8.2%

 
  4,165     

Algonquin Power & Utilities Corp. ADR (Canada)

     30,405  
  328     

American Electric Power Co., Inc.

     30,819  
  430     

Black Hills Corp.

     31,123  
  1,004     

MDU Resources Group, Inc.

     31,034  
  1,122     

NiSource, Inc.

     31,136  
  938     

NRG Energy, Inc.

     32,098  
  335     

Ormat Technologies, Inc.

     31,004  
  447     

Xcel Energy, Inc.

     30,740  
     

 

 

 
        248,359  
     

 

 

 
 

Water Transportation - 9.3%

 
  2,007     

Atlas Corp. ADR (United Kingdom)

     29,724  
  2,999     

Costamare, Inc. ADR (Marshall Islands)

     30,440  
  527     

Danaos Corp. ADR (Greece)

     31,188  
  566     

Eagle Bulk Shipping, Inc. ADR

     32,420  
  1,905     

Euronav NV ADR (Belgium)

     29,985  
  473     

Kirby Corp. (a)

     33,479  
  3,044     

SFL Corp. Ltd. ADR

     30,988  
  1,391     

Star Bulk Carriers Corp. ADR (Greece)

     31,603  
  1,618     

ZIM Integrated Shipping Services Ltd. ADR (United Kingdom) (b)

     30,661  
     

 

 

 
        280,488  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $2,436,555)

   $ 2,614,665  
     

 

 

 
 

SHORT TERM INVESTMENTS - 16.8%

 
 

Money Market Funds - 16.8%

 
  254,803     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 254,803  
  250,452     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     250,452  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $505,255)

   $ 505,255  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $2,941,810) - 103.5% (e)

   $ 3,119,920  
  

Liabilities in Excess of Other Assets - (3.5)%

     (105,688
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 3,014,232  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,292,548.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Indxx US Infrastructure Index

   4.8000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        698      $ 1,734,366      $ 39,038  

Total return of Indxx US Infrastructure Index

   4.7000 % representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        639        1,572,820        52,671  
              

 

 

    

 

 

 
               $ 3,307,186      $ 91,709  
              

 

 

    

 

 

 


Direxion Daily Mid Cap Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 66.3%

 
  147,616     

iShares Core S&P Mid-Cap ETF (a)

   $ 39,013,433  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $35,895,592)

   $ 39,013,433  
     

 

 

 
 

SHORT TERM INVESTMENTS - 38.7%

 
 

Money Market Funds - 38.7%

 
  11,744,912     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 11,744,912  
  11,055,740     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     11,055,740  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $22,800,652)

   $ 22,800,652  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $58,696,244) - 105.0% (c)

   $ 61,814,085  
  

Liabilities in Excess of Other Assets - (5.0)%

     (2,966,821
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 58,847,264  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $35,395,125.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P MidCap 400® Index

   4.7500 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        8,541      $ 21,436,031      $ 1,126,422  

Total return of S&P MidCap 400® Index

   4.6000 % representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        20,396        51,475,140        2,428,305  

Total return of S&P MidCap 400® Index

   4.8400 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        10,532        25,917,999        1,934,601  

Total return of S&P MidCap 400® Index

   4.6000 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        12,378        30,886,947        1,816,998  
              

 

 

    

 

 

 
               $ 129,716,117      $ 7,306,326  
              

 

 

    

 

 

 


Direxion Daily S&P 500® Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 68.5%

 
 

Accommodation - 0.3%

 
  11,883     

Caesars Entertainment Inc. (a)

   $ 618,629  
  14,967     

Hilton Worldwide Holdings, Inc.

     2,171,562  
  39,606     

Host Hotels & Resorts, Inc.

     746,573  
  18,218     

Las Vegas Sands Corp. (a)

     1,074,862  
  14,920     

Marriott International, Inc. Class A

     2,598,765  
  17,665     

MGM Resorts International

     731,508  
     

 

 

 
        7,941,899  
     

 

 

 
 

Administrative and Support Services - 1.7%

 
  4,797     

Allegion PLC ADR (Ireland)

     563,887  
  82,435     

Amcor PLC ADR (United Kingdom)

     994,166  
  22,943     

Automatic Data Processing, Inc.

     5,180,759  
  2,190     

Booking Holdings, Inc. (a)

     5,330,679  
  6,467     

Broadridge Financial Solutions, Inc.

     972,378  
  6,821     

Equifax, Inc.

     1,515,626  
  2,168     

FactSet Research System, Inc.

     916,934  
  4,075     

FleetCor Technologies, Inc. (a)

     850,901  
  4,430     

Gartner, Inc. (a)

     1,497,960  
  16,094     

Iron Mountain, Inc.

     878,411  
  7,944     

Live Nation Entertainment, Inc. (a)

     639,413  
  8,694     

Moody’s Corp.

     2,805,988  
  5,934     

Robert Half International, Inc.

     498,219  
  12,777     

Rollins, Inc.

     465,083  
  90,469     

Visa, Inc. Class A

     20,826,868  
  20,659     

Waste Management, Inc.

     3,196,567  
     

 

 

 
        47,133,839  
     

 

 

 
 

Air Transportation - 0.2%

 
  6,996     

Alaska Air Group, Inc. (a)

     359,175  
  36,009     

American Airlines Group, Inc. (a)

     581,185  
  35,515     

Delta Air Lines, Inc. (a)

     1,388,637  
  32,861     

Southwest Airlines Co.

     1,175,438  
  18,046     

United Continental Holdings, Inc. (a)

     883,532  
     

 

 

 
        4,387,967  
     

 

 

 
 

Ambulatory Health Care Services - 0.2%

 
  3,001     

DaVita, Inc. (a)

     247,252  
  4,972     

Laboratory Corp. of America Holdings

     1,253,541  
  3,294     

Molina Healthcare, Inc. (a)

     1,027,168  
  6,311     

Quest Diagnostics, Inc.

     937,057  
  67,149     

Viatris, Inc.

     816,532  
     

 

 

 
        4,281,550  
     

 

 

 
 

Amusement, Gambling, and Recreation Industries - 0.5%

 
  14,969     

Global Payments, Inc.

     1,687,306  
  100,889     

The Walt Disney Co. (a)

     10,945,447  
  5,728     

Wynn Resorts Ltd. (a)

     593,650  
     

 

 

 
        13,226,403  
     

 

 

 
  

Apparel Manufacturing - 0.0%()

 
  2,267     

Ralph Lauren Corp.

     280,768  
  18,275     

VF Corp.

     565,428  
     

 

 

 
        846,196  
     

 

 

 
 

Beverage and Tobacco Product Manufacturing - 1.7%

 
  99,178     

Altria Group, Inc.

     4,466,977  
  215,407     

Coca-Cola Co.

     13,208,757  
  9,009     

Constellation Brands, Inc. Class A

     2,085,764  
  47,060     

Keurig Dr Pepper, Inc.

     1,660,277  
  10,405     

Molson Coors Brewing Co. Class B

     547,095  
  21,126     

Monster Beverage Corp. (a)

     2,198,794  
  76,326     

PepsiCo, Inc.

     13,053,273  
  85,810     

Philip Morris International, Inc.

     8,944,834  
     

 

 

 
        46,165,771  
     

 

 

 
 

Broadcasting (except Internet) - 0.5%

 
  238,776     

Comcast Corp. Class A

     9,395,836  
  13,889     

Dish Network Corp. (a)

     199,863  
  16,719     

FOX Corp. Class A

     567,443  
  7,641     

FOX Corp. Class B

     242,220  
  27,995     

ViacomCBS, Inc. Class B

     648,364  
  122,353     

Warner Bros Discovery, Inc. (a)

     1,813,271  
     

 

 

 
        12,866,997  
     

 

 

 
 

Building Material and Garden Equipment and Supplies Dealers - 1.0%

 
  34,386     

Lowe’s Companies, Inc.

     7,160,884  
  2,900     

Snap-on, Inc.

     721,317  
  56,640     

The Home Depot, Inc.

     18,360,989  
     

 

 

 
        26,243,190  
     

 

 

 
 

Chemical Manufacturing - 5.6%

 
  97,847     

AbbVie, Inc.

     14,456,894  
  12,250     

Air Products & Chemicals, Inc.

     3,926,247  
  6,445     

Albemarle Corp.

     1,813,945  
  29,502     

Amgen, Inc.

     7,446,305  
  7,994     

Biogen, Inc. (a)

     2,325,455  
  8,675     

Bio-Techne Corp.

     691,051  
  117,723     

Bristol-Myers Squibb Co.

     8,552,576  
  9,932     

Catalent, Inc. (a)

     531,859  
  5,577     

Celanese Corp.

     687,086  
  10,857     

CF Industries Holdings, Inc.

     919,588  
  13,431     

Church & Dwight Co., Inc.

     1,086,031  
  6,852     

Clorox Co.

     991,416  
  46,167     

Colgate-Palmolive Co.

     3,440,827  
  27,497     

DuPont de Nemours, Inc.

     2,033,403  
  6,681     

Eastman Chemical Co.

     589,064  
  13,762     

Ecolab, Inc.

     2,130,770  
  43,663     

Eli Lilly and Company

     15,026,621  
  6,944     

FMC Corp.

     924,455  
  69,449     

Gilead Sciences, Inc.

     5,829,549  
  10,246     

Incyte Corp. (a)

     872,344  
  14,150     

International Flavors & Fragrances, Inc.

     1,591,309  
  18,624     

Kimberly-Clark Corp.

     2,421,306  
  27,399     

Linde PLC ADR (Ireland)

     9,067,425  
  14,000     

LyondellBasell Industries N.V. Class A ADR (Netherlands)

     1,353,660  
  140,334     

Merck & Co., Inc.

     15,073,275  
  18,848     

Mosaic Co.

     933,730  
  14,005     

Organon & Co.

     421,971  
  310,671     

Pfizer, Inc.

     13,719,231  
  13,023     

PPG Industries, Inc.

     1,697,418  
  131,149     

Procter & Gamble Co.

     18,672,995  
  5,888     

Regeneron Pharmaceuticals, Inc. (a)

     4,465,871  
  8,020     

Sealed Air Corp.

     439,175  
  14,229     

Vertex Pharmaceuticals, Inc. (a)

     4,597,390  
  4,083     

West Pharmaceutical Services, Inc.

     1,084,445  
  25,786     

Zoetis, Inc.

     4,267,325  
     

 

 

 
        154,082,012  
     

 

 

 
 

Clothing and Clothing Accessories Stores - 0.4%

 
  12,663     

Bath & Body Works, Inc.

     582,625  
  5,899     

Charter Communications, Inc. (a)

     2,267,045  
  19,171     

Ross Stores, Inc.

     2,265,820  
  64,276     

TJX Companies, Inc.

     5,261,633  
     

 

 

 
        10,377,123  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 13.1%

 
  89,215     

Advanced Micro Devices, Inc. (a)

     6,704,507  
  16,387     

Agilent Technologies, Inc.

     2,492,135  
  330,603     

Alphabet, Inc. Class A (a)

     32,676,801  
  293,040     

Alphabet, Inc. Class C (a)

     29,265,905  
  12,716     

AMETEK, Inc.

     1,842,803  
  32,940     

Amphenol Corp. Class A

     2,627,624  
  28,459     

Analog Devices, Inc.

     4,879,865  
  827,652     

Apple, Inc.

     119,421,907  
  13,752     

Arista Networks, Inc. (a)

     1,733,027  
  1,167     

Bio-Rad Laboratories, Inc. (a)

     545,526  
  22,390     

Broadcom, Inc.

     13,098,374  
  227,285     

Cisco Systems, Inc.

     11,061,961  
  36,255     

Danaher Corp.

     9,585,097  
  7,505     

Enphase Energy, Inc. (a)

     1,661,457  
  35,849     

Fortinet, Inc. (a)

     1,876,337  
  19,593     

Fortive Corp.

     1,332,912  
  20,168     

GE HealthCare Technologies, Inc. (a)

     1,402,079  
  13,824     

Hologic, Inc. (a)

     1,124,859  
  48,975     

HP, Inc.

     1,427,131  
  4,602     

IDEXX Laboratories, Inc. (a)

     2,211,261  
  8,687     

Illumina, Inc. (a)

     1,860,755  
  228,444     

Intel Corp.

     6,455,827  
  50,060     

International Business Machines Corp.

     6,744,584  
  9,878     

Keysight Technologies, Inc. (a)

     1,771,619  
  10,506     

L3 Harris Technologies, Inc.

     2,256,899  
  30,443     

Microchip Technology, Inc.

     2,362,986  
  60,215     

Micron Technology, Inc.

     3,630,964  
  2,430     

Monolithic Power Systems, Inc.

     1,036,541  
  9,242     

Motorola Solutions, Inc.

     2,375,286  
  12,069     

NetApp, Inc.

     799,330  
  8,020     

Northrop Grumman Corp.

     3,593,281  
  137,817     

NVIDIA Corp.

     26,925,307  
  14,365     

NXP Semiconductors NV ADR (Netherlands)

     2,647,613  
  23,965     

ON Semiconductor Corp. (a)

     1,760,229  
  23,047     

Otis Worldwide Corp.

     1,895,155  
  6,963     

PerkinElmer, Inc.

     957,621  
  5,669     

Qorvo, Inc. (a)

     615,994  
  62,076     

Qualcomm, Inc.

     8,269,144  
  81,376     

Raytheon Technologies Corp.

     8,125,394  
  5,841     

Roper Technologies, Inc.

     2,492,647  
  10,580     

Seagate Technology Holdings PLC ADR (Ireland)

     717,112  
  8,853     

Skyworks Solutions, Inc.

     970,909  
  3,046     

SolarEdge Technologies, Inc. (a)

     972,070  
  8,615     

Teradyne, Inc.

     876,145  
  50,179     

Texas Instruments, Inc.

     8,892,221  
  21,728     

Thermo Fisher Scientific, Inc.

     12,392,130  
  13,664     

Trimble, Inc. (a)

     793,332  
  3,326     

Waters Corp. (a)

     1,092,857  
  17,619     

Western Digital Corp. (a)

     774,355  
  2,847     

Zebra Technologies Corp. Class A (a)

     900,164  
     

 

 

 
        361,930,039  
     

 

 

 
 

Construction of Buildings - 0.2%

 
  17,295     

D.R. Horton, Inc.

     1,706,844  
  14,142     

Lennar Corp. Class A

     1,448,141  
  102     

NVR, Inc. (a)

     537,540  
  12,643     

PulteGroup, Inc.

     719,260  
     

 

 

 
        4,411,785  
     

 

 

 
 

Couriers and Messengers - 0.4%

 
  13,263     

FedEx Corp.

     2,571,165  
  40,358     

United Parcel Service, Inc. Class B

     7,475,512  
     

 

 

 
        10,046,677  
     

 

 

 
 

Credit Intermediation and Related Activities - 4.0%

 
  33,126     

American Express Co.

     5,794,731  
  386,294     

Bank of America Corp.

     13,705,711  
  40,739     

Bank of New York Mellon Corp.

     2,060,171  
  21,155     

Capital One Financial Corp.

     2,517,445  
  107,174     

Citigroup, Inc.

     5,596,626  
  27,221     

Citizens Financial Group, Inc.

     1,179,214  
  7,322     

Comerica, Inc.

     536,776  
  15,088     

Discover Financial Services

     1,761,222  
  32,829     

Fidelity National Information Services, Inc.

     2,463,488  
  37,980     

Fifth Third Bancorp

     1,378,294  
  10,148     

First Republic Bank

     1,429,650  
  79,874     

Huntington Bancshares, Inc.

     1,211,689  
  162,374     

JPMorgan Chase & Co.

     22,725,865  
  51,672     

KeyCorp

     991,586  
  9,580     

M&T Bank Corp.

     1,494,480  
  47,030     

MasterCard, Inc. Class A

     17,429,318  
  11,551     

Northern Trust Corp.

     1,120,100  
  22,334     

PNC Financial Services Group, Inc.

     3,694,714  
  51,752     

Regions Financial Corp.

     1,218,242  
  3,488     

Signature Bank

     449,778  
  20,278     

State Street Corp.

     1,851,990  
  3,317     

SVB Financial Group (a)

     1,003,193  
  24,919     

Synchrony Financial

     915,275  
  73,472     

Truist Financial Corp.

     3,628,782  
  74,795     

U.S. Bancorp

     3,724,791  
  210,887     

Wells Fargo & Co.

     9,884,274  
  8,217     

Zions Bancorp

     436,816  
     

 

 

 
        110,204,221  
     

 

 

 
 

Data Processing, Hosting and Related Services - 0.1%

 
  35,135     

Fiserv, Inc. (a)

     3,748,202  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.3%

 
  6,998     

A.O. Smith Corp.

     473,765  
  32,738     

Emerson Electric Co.

     2,953,622  
  3,503     

Generac Holdings, Inc. (a)

     422,462  
  6,349     

Rockwell Automation, Inc.

     1,790,609  
  17,643     

TE Connectivity Ltd. ADR (Switzerland)

     2,243,307  
  2,983     

Whirlpool Corp.

     464,125  
     

 

 

 
        8,347,890  
     

 

 

 
  

Electronics and Appliance Stores - 0.0%()

 
  11,061     

Best Buy Co., Inc.

     981,332  
     

 

 

 
 

Fabricated Metal Product Manufacturing - 0.2%

 
  17,341     

Ball Corp.

     1,009,940  
  14,223     

Nucor Corp.

     2,403,971  
  9,126     

Pentair PLC ADR (Ireland)

     505,398  
  8,151     

Stanley Black & Decker, Inc.

     727,966  
     

 

 

 
        4,647,275  
     

 

 

 
 

Food and Beverage Stores - 0.1%

 
  36,094     

Kroger Co.

     1,610,875  
     

 

 

 
 

Food Manufacturing - 0.7%

 
  30,393     

Archer-Daniels-Midland Co.

     2,518,060  
  11,079     

Campbell Soup Co.

     575,332  
  32,838     

General Mills, Inc.

     2,573,186  
  16,051     

Hormel Foods Corp.

     727,271  
  14,200     

Kellogg Co.

     973,836  
  7,980     

Lamb Weston Holdings, Inc.

     797,122  
  13,864     

McCormick & Co, Inc.

     1,041,464  
  75,584     

Mondelez International, Inc.

     4,946,217  
  8,116     

The Hershey Co.

     1,822,854  
  5,857     

The J.M. Smucker Co.

     894,950  
  44,138     

The Kraft Heinz Co.

     1,788,913  
  16,054     

Tyson Foods, Inc. Class A

     1,055,550  
     

 

 

 
        19,714,755  
     

 

 

 
 

Food Services and Drinking Places - 0.9%

 
  1,595     

Chipotle Mexican Grill, Inc. (a)

     2,625,976  
  4,734     

Cintas Corp.

     2,100,665  
  6,817     

Darden Restaurants, Inc.

     1,008,711  
  1,900     

Domino’s Pizza, Inc.

     670,700  
  40,552     

McDonald’s Corp.

     10,843,605  
  63,541     

Starbucks Corp.

     6,934,865  
  15,570     

Yum! Brands, Inc.

     2,032,041  
     

 

 

 
        26,216,563  
     

 

 

 
 

Funds, Trusts, and Other Financial Vehicles - 0.1%

 
  8,518     

Garmin Ltd. ADR (Switzerland)

     842,260  
  12,404     

T. Rowe Price Group, Inc.

     1,444,694  
     

 

 

 
        2,286,954  
     

 

 

 
 

Gasoline Stations - 0.6%

 
  98,429     

Chevron Corp.

     17,128,615  
     

 

 

 
 

General Merchandise Stores - 1.2%

 
  24,538     

Costco Wholesale Corp.

     12,542,353  
  12,483     

Dollar General Corp.

     2,916,029  
  11,625     

Dollar Tree, Inc. (a)

     1,745,843  
  25,472     

Target Corp.

     4,384,750  
  78,128     

Wal-Mart Stores, Inc.

     11,240,275  
     

 

 

 
        32,829,250  
     

 

 

 
 

Health and Personal Care Stores - 0.3%

 
  72,740     

CVS Health Corp.

     6,417,123  
  2,831     

Ulta Salon, Cosmetics & Fragrance, Inc. (a)

     1,455,021  
  39,713     

Walgreens Boots Alliance, Inc.

     1,463,821  
     

 

 

 
        9,335,965  
     

 

 

 
 

Hospitals - 0.1%

 
  11,700     

HCA Healthcare, Inc.

     2,984,319  
  3,532     

Universal Health Services, Inc. Class B

     523,478  
     

 

 

 
        3,507,797  
     

 

 

 
 

Insurance Carriers and Related Activities - 4.4%

 
  31,288     

Aflac, Inc.

     2,299,668  
  14,731     

Allstate Corp.

     1,892,492  
  41,139     

American International Group, Inc.

     2,600,808  
  11,478     

AON PLC ADR (United Kingdom)

     3,657,809  
  20,505     

Arch Capital Group Ltd. ADR (a)

     1,319,497  
  11,640     

Arthur J. Gallagher & Co.

     2,278,181  
  2,888     

Assurant, Inc.

     382,920  
  99,695     

Berkshire Hathaway, Inc. Class B (a)

     31,056,986  
  13,026     

Brown & Brown, Inc.

     762,802  
  31,350     

Centene Corp. (a)

     2,390,124  
  22,949     

Chubb Limited ADR (Switzerland)

     5,220,668  
  16,895     

Cigna Corp.

     5,350,140  
  8,682     

Cincinnati Financial Corp.

     982,368  
  13,239     

Elevance Health, Inc.

     6,619,368  
  2,203     

Everest Re Group Ltd. ADR

     770,367  
  5,048     

Globe Life, Inc.

     610,051  
  17,644     

Hartford Financial Services Group, Inc.

     1,369,351  
  6,972     

Humana, Inc.

     3,567,572  
  8,556     

Lincoln National Corp.

     303,139  
  10,919     

Loews Corp.

     671,300  
  27,470     

Marsh & McLennan Companies, Inc.

     4,804,778  
  36,427     

MetLife, Inc.

     2,659,899  
  12,633     

Principal Financial Group, Inc.

     1,169,184  
  32,377     

Progressive Corp.

     4,414,604  
  20,316     

Prudential Financial, Inc.

     2,131,961  
  13,000     

Travelers Companies, Inc.

     2,484,560  
  51,748     

UnitedHealth Group, Inc.

     25,832,084  
  11,320     

W.R. Berkley Corp.

     793,985  
  5,927     

Willis Towers Watson PLC ADR (Ireland)

     1,506,584  
     

 

 

 
        119,903,250  
     

 

 

 
 

Leather and Allied Product Manufacturing - 0.3%

 
  69,707     

NIKE, Inc. Class B

     8,875,793  
  13,318     

Tapestry, Inc.

     606,901  
     

 

 

 
        9,482,694  
     

 

 

 
 

Machinery Manufacturing - 1.6%

 
  47,636     

Applied Materials, Inc.

     5,310,938  
  55,365     

Baker Hughes Co.

     1,757,285  
  46,268     

Carrier Global Corp.

     2,106,582  
  28,794     

Caterpillar, Inc.

     7,264,438  
  7,848     

Cummins, Inc.

     1,958,390  
  15,151     

Deere & Co.

     6,406,449  
  60,446     

General Electric Co.

     4,864,694  
  4,129     

IDEX Corp.

     989,639  
  22,387     

Ingersoll Rand, Inc.

     1,253,672  
  7,528     

Lam Research Corp.

     3,764,753  
  1,192     

Mettler-Toledo International, Inc. (a)

     1,827,241  
  2,960     

Nordson Corp.

     720,168  
  7,051     

Parker Hannifin Corp.

     2,298,626  
  12,737     

Trane Technologies PLC ADR (Ireland)

     2,281,451  
  9,941     

Xylem, Inc.

     1,033,963  
     

 

 

 
        43,838,289  
     

 

 

 
 

Management of Companies and Enterprises - 0.4%

 
  96,547     

Abbott Laboratories

     10,673,271  
  55,364     

Carnival Corp. ADR (Panama) (a)

     599,038  
  23,375     

Norwegian Cruise Line Holdings Ltd. ADR (a)

     355,534  
     

 

 

 
        11,627,843  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.5%

 
  23,691     

Copart, Inc. (a)

     1,578,058  
  31,670     

Fastenal Co.

     1,600,918  
  7,488     

Henry Schein, Inc. (a)

     645,091  
  2,228     

Huntington Ingalls Industries, Inc.

     491,363  
  38,059     

Johnson Controls International PLC ADR (Ireland) ADR

     2,647,765  
  7,906     

KLA-Tencor Corp.

     3,102,947  
  13,991     

LKQ Corp.

     824,909  
  2,885     

Mohawk Industries, Inc. (a)

     346,373  
  2,199     

Pool Corp.

     847,956  
  2,441     

W.W. Grainger, Inc.

     1,438,921  
  14,004     

WestRock Co.

     549,517  
     

 

 

 
        14,073,818  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 0.6%

 
  8,995     

AmerisourceBergen Corp.

     1,519,795  
  10,145     

Brown Forman Corp. Class B

     675,454  
  14,473     

Cardinal Health, Inc.

     1,118,039  
  26,531     

ConAgra Brands, Inc.

     986,688  
  15,495     

Illinois Tool Works, Inc.

     3,657,440  
  7,908     

McKesson Corp.

     2,994,601  
  28,071     

Sysco Corp.

     2,174,380  
  13,064     

The Sherwin Williams Co.

     3,090,812  
     

 

 

 
        16,217,209  
     

 

 

 
 

Mining (except Oil and Gas) - 0.3%

 
  79,120     

Freeport-McMoRan Copper & Gold, Inc.

     3,530,334  
  3,421     

Martin Marietta Materials, Inc.

     1,230,328  
  43,877     

Newmont Mining Corp.

     2,322,410  
  7,393     

Vulcan Materials Co.

     1,355,359  
     

 

 

 
        8,438,431  
     

 

 

 
 

Miscellaneous Manufacturing - 2.6%

 
  30,595     

3M Co.

     3,520,873  
  4,037     

Align Technology, Inc. (a)

     1,088,900  
  27,944     

Baxter International, Inc.

     1,276,761  
  15,735     

Becton, Dickinson & Co.

     3,968,682  
  79,274     

Boston Scientific Corp. (a)

     3,666,422  
  11,895     

Dentsply Sirona, Inc.

     438,093  
  21,371     

DexCom, Inc. (a)

     2,288,620  
  7,826     

Dover Corp.

     1,188,222  
  34,214     

Edwards Lifesciences Corp. (a)

     2,624,214  
  12,770     

Estee Lauder Companies, Inc. Class A

     3,538,312  
  7,249     

Hasbro, Inc.

     428,923  
  19,573     

Intuitive Surgical, Inc. (a)

     4,808,890  
  144,669     

Johnson & Johnson

     23,641,808  
  73,560     

Medtronic PLC ADR (Ireland)

     6,156,236  
  8,088     

ResMed, Inc.

     1,847,057  
  5,580     

Steris PLC ADR (Ireland)

     1,152,326  
  18,604     

Stryker Corp.

     4,721,881  
  2,680     

Teleflex, Inc.

     652,366  
  11,563     

Textron, Inc.

     842,364  
  2,765     

The Cooper Companies, Inc.

     964,791  
  11,602     

Zimmer Biomet Holdings, Inc.

     1,477,399  
     

 

 

 
        70,293,140  
     

 

 

 
  

Miscellaneous Store Retailers - 0.0%()

 
  6,188     

Tractor Supply Co.

     1,410,802  
     

 

 

 
 

Motion Picture and Sound Recording Industries - 0.4%

 
  24,627     

Netflix, Inc. (a)

     8,714,510  
  8,703     

Take-Two Interactive Software, Inc. (a)

     985,441  
     

 

 

 
        9,699,951  
     

 

 

 
 

Motor Vehicle and Parts Dealers - 0.2%

 
  3,351     

Advance Auto Parts, Inc.

     510,290  
  1,082     

AutoZone, Inc. (a)

     2,638,836  
  8,711     

CarMax, Inc. (a)

     613,690  
  3,446     

O’Reilly Automotive, Inc. (a)

     2,730,438  
     

 

 

 
        6,493,254  
     

 

 

 
  

National Security and International Affairs - 0.0%()

 
  7,539     

Leidos Holdings, Inc.

     745,155  
     

 

 

 
 

Nonmetallic Mineral Product Manufacturing - 0.1%

 
  42,079     

Corning, Inc.

     1,456,354  
     

 

 

 
 

Nonstore Retailers - 1.9%

 
  491,317     

Amazon.com, Inc. (a)

     50,669,522  
  30,029     

eBay, Inc.

     1,486,435  
  6,934     

Etsy, Inc. (a)

     953,980  
     

 

 

 
        53,109,937  
     

 

 

 
 

Oil and Gas Extraction - 0.7%

 
  17,803     

APA Corp.

     789,207  
  43,658     

Coterra Energy, Inc.

     1,092,760  
  36,202     

Devon Energy Corp.

     2,289,414  
  46,089     

Dominion Energy, Inc.

     2,933,104  
  32,554     

EOG Resources, Inc.

     4,305,266  
  20,280     

EQT Corp.

     662,548  
  35,138     

Marathon Oil Corp.

     965,241  
  40,248     

Occidental Petroleum Corp.

     2,607,668  
  26,156     

Phillips 66

     2,622,662  
     

 

 

 
        18,267,870  
     

 

 

 
 

Other Information Services - 0.1%

 
  22,505     

CoStar Group, Inc. (a)

     1,753,139  
     

 

 

 
  

Paper Manufacturing - 0.0%()

 
  5,150     

Packaging Corp of America

     734,905  
     

 

 

 
 

Performing Arts, Spectator Sports, and Related Industries - 0.2%

 
  39,476     

Activision Blizzard, Inc.

     3,022,677  
  14,478     

Electronic Arts, Inc.

     1,863,029  
     

 

 

 
        4,885,706  
     

 

 

 
 

Petroleum and Coal Products Manufacturing - 1.5%

 
  68,944     

ConocoPhillips

     8,402,205  
  227,952     

Exxon Mobil Corp.

     26,444,711  
  25,955     

Marathon Petroleum Corp.

     3,335,737  
  21,326     

Valero Energy Corp.

     2,986,280  
     

 

 

 
        41,168,933  
     

 

 

 
 

Pipeline Transportation - 0.1%

 
  67,377     

Williams Companies, Inc.

     2,172,234  
     

 

 

 
  

Plastics and Rubber Products Manufacturing - 0.0%()

 
  4,500     

Avery Dennison Corp.

     852,480  
  20,818     

Newell Rubbermaid, Inc.

     332,255  
     

 

 

 
        1,184,735  
     

 

 

 
 

Primary Metal Manufacturing - 0.1%

 
  20,322     

Howmet Aerospace, Inc.

     826,902  
  9,228     

Steel Dynamics, Inc.

     1,113,266  
     

 

 

 
        1,940,168  
     

 

 

 
 

Professional, Scientific, and Technical Services - 2.2%

 
  34,896     

Accenture PLC Class A ADR (Ireland)

     9,737,729  
  7,483     

CDW Corp.

     1,466,893  
  2,820     

Charles River Laboratories International, Inc. (a)

     685,965  
  28,399     

Cognizant Technology Solutions Corp. Class A

     1,895,633  
  12,730     

DXC Technology Co. (a)

     365,733  
  21,980     

Eaton Corp PLC ADR (Ireland)

     3,565,376  
  3,258     

EPAM Systems, Inc. (a)

     1,083,774  
  7,427     

Extra Space Storage, Inc.

     1,172,203  
  3,343     

F5 Networks, Inc. (a)

     493,627  
  19,677     

International Paper Co.

     822,892  
  21,447     

Interpublic Group of Companies, Inc.

     781,958  
  10,283     

IQVIA Holdings, Inc. (a)

     2,359,023  
  4,047     

Jack Henry & Associates, Inc.

     728,824  
  7,024     

Jacobs Solutions, Inc.

     867,815  
  17,966     

Juniper Networks, Inc.

     580,302  
  15,487     

Match Group, Inc. (a)

     838,157  
  124,493     

Meta Platforms, Inc. (a)

     18,545,722  
  18,280     

Moderna, Inc. (a)

     3,218,377  
  11,303     

Omnicom Group, Inc.

     971,945  
  17,733     

Paychex, Inc.

     2,054,545  
  2,743     

Paycom Software, Inc. (a)

     888,567  
  11,141     

ServiceNow, Inc. (a)

     5,070,603  
  2,680     

Teledyne Technologies, Inc. (a)

     1,137,017  
  5,140     

VeriSign, Inc. (a)

     1,120,777  
  8,637     

Verisk Analytics, Inc. Class A

     1,570,120  
     

 

 

 
        62,023,577  
     

 

 

 


 

Publishing Industries (except Internet) - 5.4%

 
  25,745     

Adobe Systems, Inc. (a)

     9,534,403  
  8,684     

Akamai Technologies, Inc. (a)

     772,442  
  4,773     

ANSYS, Inc. (a)

     1,271,336  
  11,968     

Autodesk, Inc. (a)

     2,575,035  
  15,132     

Cadence Design Systems, Inc. (a)

     2,766,584  
  8,527     

Ceridian HCM Holding, Inc. (a)

     616,332  
  71,213     

Hewlett Packard Enterprise Co.

     1,148,666  
  15,577     

Intuit, Inc.

     6,583,931  
  412,627     

Microsoft Corp.

     102,253,097  
  21,177     

News Corp. Class A

     429,046  
  6,477     

News Corp. Class B

     132,390  
  32,086     

NortonLifeLock, Inc.

     738,299  
  85,055     

Oracle Corp.

     7,523,965  
  5,821     

PTC, Inc. (a)

     785,136  
  55,316     

Salesforce.com, Inc. (a)

     9,291,428  
  8,505     

Synopsys, Inc. (a)

     3,008,644  
  2,286     

Tyler Technologies, Inc. (a)

     737,852  
     

 

 

 
        150,168,586  
     

 

 

 
 

Rail Transportation - 0.4%

 
  116,345     

CSX Corp.

     3,597,387  
  34,013     

Union Pacific Corp.

     6,945,115  
     

 

 

 
        10,542,502  
     

 

 

 
 

Real Estate - 1.6%

 
  8,199     

Alexandria Real Estate Equities, Inc.

     1,317,907  
  25,770     

American Tower Corp.

     5,756,760  
  7,689     

AvalonBay Communities, Inc.

     1,364,336  
  7,937     

Boston Properties, Inc.

     591,624  
  5,854     

Camden Property Trust

     721,271  
  17,459     

CBRE Group, Inc. Class A (a)

     1,492,919  
  23,996     

Crown Castle International Corp.

     3,554,048  
  15,950     

Digital Realty Trust, Inc.

     1,828,189  
  18,836     

Equity Residential

     1,198,911  
  3,551     

Essex Property Trust, Inc.

     802,775  
  4,052     

Federal Realty Investment Trust

     451,920  
  29,774     

Healthpeak Properties, Inc.

     818,190  
  32,165     

Invitation Homes, Inc.

     1,045,362  
  34,222     

Kimco Realty Corp.

     768,626  
  6,370     

Mid-America Apartment Communities, Inc.

     1,062,006  
  51,117     

Prologis, Inc.

     6,608,406  
  8,715     

Public Storage

     2,652,323  
  34,683     

Realty Income Corp.

     2,352,548  
  8,556     

Regency Centers Corp.

     570,086  
  18,047     

Simon Property Group, Inc.

     2,318,318  
  16,898     

UDR, Inc.

     719,686  
  22,065     

Ventas, Inc.

     1,143,188  
  53,356     

VICI Properties, Inc.

     1,823,708  
  26,104     

Welltower, Inc.

     1,958,844  
  40,767     

Weyerhaeuser Co.

     1,403,608  
     

 

 

 
        44,325,559  
     

 

 

 
 

Rental and Leasing Services - 0.1%

 
  3,886     

United Rentals, Inc. (a)

     1,713,532  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.9%

 
  5,852     

Ameriprise Financial, Inc.

     2,048,902  
  8,271     

BlackRock, Inc.

     6,279,426  
  5,843     

CBOE Holdings, Inc.

     717,988  
  84,421     

Charles Schwab Corp.

     6,535,874  
  19,941     

CME Group, Inc.

     3,522,777  
  38,979     

Dow, Inc.

     2,313,404  
  15,681     

Franklin Resources, Inc.

     489,247  
  18,778     

Goldman Sachs Group, Inc.

     6,869,180  
  30,925     

IntercontinentalExchange, Inc.

     3,325,984  
  25,176     

Invesco Ltd. ADR (a)

     466,008  
  2,153     

MarketAxess Holdings, Inc.

     783,369  
  72,976     

Morgan Stanley

     7,102,754  
  4,464     

MSCI, Inc. Class A

     2,372,884  
  18,790     

NASDAQ OMX Group, Inc.

     1,130,970  
  10,727     

Raymond James Financial, Inc.

     1,209,684  
  18,444     

S&P Global, Inc.

     6,915,393  
     

 

 

 
        52,083,844  
     

 

 

 
  

Specialty Trade Contractors - 0.0%()

 
  7,947     

Quanta Services, Inc.

     1,209,454  
     

 

 

 
 

Support Activities for Agriculture and Forestry - 0.1%

 
  39,587     

Corteva, Inc.

     2,551,382  
     

 

 

 
 

Support Activities for Mining - 0.5%

 
  9,739     

Diamondback Energy, Inc.

     1,423,063  
  50,194     

Halliburton Co.

     2,068,997  
  15,391     

Hess Corp.

     2,311,112  
  13,198     

Pioneer Natural Resources Co.

     3,040,159  
  78,484     

Schlumberger Ltd. ADR (Curaco) (a)

     4,472,018  
  12,584     

Targa Resources Corp.

     944,052  
     

 

 

 
        14,259,401  
     

 

 

 
 

Support Activities for Transportation - 0.2%

 
  6,471     

C.H. Robinson Worldwide, Inc.

     648,200  
  8,300     

Expedia, Inc. (a)

     948,690  
  8,759     

Expeditors International of Washington, Inc.

     947,286  
  4,603     

J.B. Hunt Transport Services, Inc.

     870,197  
  12,779     

Norfolk Southern Corp.

     3,141,206  
     

 

 

 
        6,555,579  
     

 

 

 
 

Telecommunications - 1.2%

 
  394,427     

AT&T, Inc.

     8,034,478  
  5,150     

Equinix, Inc.

     3,801,370  
  52,746     

Lumen Technologies, Inc.

     276,917  
  63,121     

PayPal Holdings, Inc. (a)

     5,143,730  
  5,916     

SBA Communications Corp.

     1,760,187  
  33,054     

T-Mobile US, Inc. (a)

     4,935,293  
  232,437     

Verizon Communications, Inc.

     9,662,406  
     

 

 

 
        33,614,381  
     

 

 

 
 

Transportation Equipment Manufacturing - 2.3%

 
  14,986     

Aptiv PLC ADR (United Kingdom) (a)

     1,694,767  
  31,021     

Boeing Co. (a)

     6,607,473  
  12,985     

BorgWarner, Inc.

     613,931  
  218,581     

Ford Motor Co.

     2,953,029  
  12,468     

General Dynamics Corp.

     2,905,792  
  78,661     

General Motors Co.

     3,092,950  
  37,250     

Honeywell International, Inc.

     7,765,880  
  12,857     

Lockheed Martin Corp.

     5,956,134  
  19,190     

Paccar, Inc.

     2,097,659  
  148,542     

Tesla Motors, Inc. (a)

     25,730,445  
  2,848     

TransDigm Group, Inc.

     2,044,152  
  10,113     

Wabtec Corp.

     1,049,831  
     

 

 

 
        62,512,043  
     

 

 

 
 

Truck Transportation - 0.1%

 
  5,053     

Old Dominion Freight Line, Inc.

     1,683,862  
     

 

 

 
 

Utilities - 2.1%

  
  36,913     

AES Corp.

     1,011,785  
  13,879     

Alliant Energy Corp.

     749,882  
  14,344     

Ameren Corp.

     1,246,063  
  28,398     

American Electric Power Co., Inc.

     2,668,276  
  10,111     

American Water Works Co., Inc.

     1,582,270  
  7,689     

Atmos Energy Corp.

     903,765  
  34,862     

CenterPoint Energy, Inc.

     1,050,044  
  16,077     

CMS Energy Corp.

     1,015,906  
  19,631     

Consolidated Edison, Inc.

     1,871,031  
  18,050     

Constellation Energy Corp.

     1,540,748  
  10,733     

DTE Energy Co.

     1,248,999  
  42,598     

Duke Energy Corp.

     4,364,165  
  21,161     

Edison International

     1,457,993  
  11,282     

Entergy Corp.

     1,221,615  
  12,712     

Evergy, Inc.

     796,407  
  19,323     

Eversource Energy

     1,590,863  
  55,070     

Exelon Corp.

     2,323,403  
  5,549     

First Solar, Inc. (a)

     985,502  
  30,052     

FirstEnergy Corp.

     1,230,629  
  109,455     

Kinder Morgan, Inc.

     2,003,027  
  109,985     

NextEra Energy, Inc.

     8,208,181  
  22,462     

NiSource, Inc.

     623,321  
  12,741     

NRG Energy, Inc.

     435,997  
  24,700     

Oneok, Inc.

     1,691,456  
  89,117     

PG&E Corp. (a)

     1,416,960  
  6,286     

Pinnacle West Capital Corp.

     468,621  
  40,779     

PPL Corp.

     1,207,058  
  27,606     

Public Service Enterprise Group, Inc.

     1,709,640  
  17,406     

Sempra Energy

     2,790,704  
  60,269     

Southern Co.

     4,079,006  
  17,443     

WEC Energy Group, Inc.

     1,639,468  
  30,321     

Xcel Energy, Inc.

     2,085,175  
     

 

 

 
        57,217,960  
     

 

 

 
  

Waste Management and Remediation Services - 0.0%()

 
  11,388     

Republic Services, Inc.

     1,421,450  
     

 

 

 
  

Water Transportation - 0.0%()

 
  12,148     

Royal Caribbean Cruises Ltd. ADR (Liberia) (a)

     788,891  
     

 

 

 
  

Wholesale Electronic Markets and Agents and Brokers - 0.0%()

 
  7,848     

Genuine Parts Co.

     1,317,051  
     

 

 

 
  

Wood Product Manufacturing - 0.0%()

 
  12,482     

Masco Corp.

     664,042  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $1,703,451,859)

   $ 1,888,052,055  
     

 

 

 
 

SHORT TERM INVESTMENTS - 28.0%

 
 

Money Market Funds - 28.0%

 
  593,487,205     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 593,487,205  
  76,636,870     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     76,636,870  
  44,180     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     44,180  
  100,068,021     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     100,068,021  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $770,236,276)

   $ 770,236,276  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $2,473,688,135) - 96.5% (c)

   $ 2,658,288,331  
  

Other Assets in Excess of Liabilities - 3.5%

     96,190,648  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 2,754,478,979  
     

 

 

 

Percentages are stated as a percent of net assets.

() Less than 0.005%.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,168,714,303.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P 500® Index

   4.9500 % representing 1 month SOFR rate + spread    BNP Paribas      12/5/2023        237,673      $ 927,065,711      $ 38,850,629  

Total return of S&P 500® Index

   4.8000 % representing 1 month SOFR rate + spread    Goldman Sachs      12/7/2023        202,910        795,471,225        28,488,369  

Total return of S&P 500® Index

   4.7500 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        199,009        790,536,354        18,747,574  

Total return of S&P 500® Index

   4.6500 % representing 1 month SOFR rate + spread    J.P. Morgan      12/12/2023        258,416        1,015,932,069        34,706,466  

Total return of S&P 500® Index

   4.5100 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        198,861        777,077,591        31,030,308  

Total return of S&P 500® Index

   4.5500 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2023        256,600        1,023,459,900        19,088,706  

Total return of S&P 500® Index

   4.7700 % representing 1 month SOFR rate + spread    Barclays      12/20/2023        210,459        832,579,442        22,395,892  
              

 

 

    

 

 

 
               $ 6,162,122,292      $ 193,307,944  
              

 

 

    

 

 

 


Direxion Daily S&P 500® Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 110.0%

  
 

Money Market Funds - 110.0%

 
  589,014,311     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 589,014,311  
  141,900,372     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     141,900,372  
  148,224,053     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     148,224,053  
  314,921,156     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     314,921,156  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $1,194,059,892) (b)

   $ 1,194,059,892  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $1,194,059,892) - 110.0%

   $ 1,194,059,892  
  

Liabilities in Excess of Other Assets - (10.0)%

     (109,008,267
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 1,085,051,625  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $767,249,631.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be Paid
at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.3400 % representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    BNP Paribas      12/5/2023        163,199      $ 643,474,527      $ (20,699,735

4.6000 % representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    Goldman Sachs      12/7/2023        170,703        677,444,221        (16,397,664

4.5500 % representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    Bank of America Merrill Lynch      12/8/2023        176,138        703,309,726        (12,707,296

4.4000 % representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    J.P. Morgan      12/12/2023        104,764        415,167,986        (10,839,014

4.2500 % representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    UBS Securities LLC      12/13/2023        32,815        131,106,426        (2,151,182

4.3500 % representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    Citibank N.A.      12/19/2023        11,220        44,774,083        (15,847

4.6300 % representing 1 month SOFR rate + spread

   Total return of S&P 500® Index    Barclays      12/20/2023        139,682        555,416,112        (11,671,990
              

 

 

    

 

 

 
               $ 3,170,693,081      $ (74,482,728
              

 

 

    

 

 

 


Direxion Daily Small Cap Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 64.7%

 
  4,033,321     

iShares Russell 2000 ETF (a)(b)

   $ 772,300,305  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $722,512,127)

   $ 772,300,305  
     

 

 

 
 

SHORT TERM INVESTMENTS - 37.0%

 
 

Money Market Funds - 37.0%

 
  352,347,942     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 352,347,942  
  89,890,929     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     89,890,929  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $442,238,871)

   $ 442,238,871  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $1,164,750,998) - 101.7% (e)

   $ 1,214,539,176  
  

Liabilities in Excess of Other Assets - (1.7)%

     (20,186,530
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 1,194,352,646  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $821,694,081.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Russell 2000® Index

   4.6400 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      286,703      $ 512,004,846      $ 39,811,719  

Total return of Russell 2000® Index

   4.0500 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      209,570        380,269,698        23,285,563  

Total return of Russell 2000® Index

   4.6000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      161,460        298,110,476        12,706,276  

Total return of Russell 2000® Index

   4.8600 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      222,139        403,133,372        24,322,051  

Total return of Russell 2000® Index

   4.4900 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      337,880        612,128,209        38,367,195  

Total return of Russell 2000® Index

   4.6500 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      237,157        432,887,156        23,470,725  
              

 

 

    

 

 

 
               $ 2,638,533,757      $ 161,963,529  
              

 

 

    

 

 

 


Direxion Daily Small Cap Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 113.0%

  
 

Money Market Funds - 113.0%

  
  369,555,596     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 369,555,596  
  42,380,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     42,380,000  
  193,385,737     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     193,385,737  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $605,321,333) (b)

   $ 605,321,333  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $605,321,333) - 113.0%

   $ 605,321,333  
  

Liabilities in Excess of Other Assets - (13.0)%

     (69,760,702
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 535,560,631  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $385,147,878.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.4400% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index    BNP Paribas      12/5/2023        230,631      $ 420,480,542      $ (23,712,449

3.8500% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index    Bank of America Merrill Lynch      12/8/2023        93,845        173,408,687        (7,512,313

4.3000% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index    J.P. Morgan      12/12/2023        57,761        107,369,023        (3,853,754

4.5700% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index    UBS Securities LLC      12/13/2023        118,985        216,606,719        (12,256,542

4.2500% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index    Citibank N.A.      12/19/2023        239,216        439,668,613        (20,810,802

4.2500% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index    Barclays      12/20/2023        91,228        166,416,632        (9,345,734
              

 

 

    

 

 

 
               $ 1,523,950,216      $ (77,491,594
              

 

 

    

 

 

 


Direxion Daily FTSE China Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 60.6%

  
  13,430,879     

iShares China Large-Cap ETF (a)

   $ 427,101,952  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $393,347,666)

   $ 427,101,952  
     

 

 

 
 

SHORT TERM INVESTMENTS - 44.8%

  
 

Money Market Funds - 44.8%

  
  259,460,216     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 259,460,216  
  26,440,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     26,440,000  
  29,964,710     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     29,964,710  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $315,864,926)

   $ 315,864,926  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $709,212,592) - 105.4% (c)

   $ 742,966,878  
  

Liabilities in Excess of Other Assets - (5.4)%

     (37,850,653
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 705,116,225  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $495,788,165.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
     Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of iShares China Large-Cap ETF

   4.6900 % representing 1 month SOFR rate + spread    BNP Paribas      12/5/2023        14,022,007      $ 455,575,007      $ (10,242,844

Total return of iShares China Large-Cap ETF

   4.8000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/8/2023        10,625,900        303,650,706        32,446,287  

Total return of iShares China Large-Cap ETF

   4.8500 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/13/2023        13,984,276        406,266,704        36,061,930  

Total return of iShares China Large-Cap ETF

   5.0500 % representing 1 month SOFR rate + spread    Barclays      12/20/2023        14,458,146        430,227,110        32,509,995  
              

 

 

    

 

 

 
               $ 1,595,719,527      $ 90,775,368  
              

 

 

    

 

 

 


Direxion Daily FTSE China Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 108.8%

  
 

Money Market Funds - 108.8%

  
  173,737,847     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 173,737,847  
  22,735,619     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     22,735,619  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $196,473,466) (b)

   $ 196,473,466  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $196,473,466) - 108.8%

   $ 196,473,466  
  

Liabilities in Excess of Other Assets - (8.8)%

     (15,938,800
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 180,534,666  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $132,259,751.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

4.3000% representing 1 month SOFR rate + spread

   Total return of iShares China Large-Cap ETF    BNP Paribas    12/5/2023      9,527,278      $ 292,739,922      $ (9,557,937

4.6000% representing 1 month SOFR rate + spread

   Total return of iShares China Large-Cap ETF    Bank of America Merrill Lynch    12/8/2023      3,484,101        111,847,946        1,264,927  

4.4300% representing 1 month SOFR rate + spread

   Total return of iShares China Large-Cap ETF    UBS Securities LLC    12/13/2023      4,020,010        128,302,650        701,718  
              

 

 

    

 

 

 
               $ 532,890,518      $ (7,591,292
              

 

 

    

 

 

 


Direxion Daily FTSE Europe Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 39.1%

  
  204,968     

Vanguard FTSE Europe ETF (a)(b)

   $ 12,449,756  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $11,916,817)

   $ 12,449,756  
     

 

 

 
 

SHORT TERM INVESTMENTS - 65.9%

  
 

Money Market Funds - 65.9%

  
  14,752,836     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 14,752,836  
  2,274,585     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (c)

     2,274,585  
  3,962,547     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     3,962,547  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $20,989,968)

   $ 20,989,968  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $32,906,785) - 105.0% (e)

   $ 33,439,724  
  

Liabilities in Excess of Other Assets - (5.0)%

     (1,576,182
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 31,863,542  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $19,622,326.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Vanguard FTSE Europe ETF

   4.5900 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      240,935      $ 13,552,594      $ 1,096,964  

Total return of Vanguard FTSE Europe ETF

   4.3000 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      216,325        12,263,464        888,769  

Total return of Vanguard FTSE Europe ETF

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      423,679        24,765,264        901,052  

Total return of Vanguard FTSE Europe ETF

   5.0400 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      198,464        11,475,188        581,963  

Total return of Vanguard FTSE Europe ETF

   4.8000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      289,409        16,476,055        1,109,273  
              

 

 

    

 

 

 
               $ 78,532,565      $ 4,578,021  
              

 

 

    

 

 

 


Direxion Daily MSCI Emerging Markets Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 3.3%

  
  90,729     

iShares MSCI Emerging Markets ETF (a)

   $ 3,752,551  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $3,786,261)

   $ 3,752,551  
     

 

 

 
 

SHORT TERM INVESTMENTS - 97.8%

  
 

Money Market Funds - 97.8%

  
  62,478,796     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 62,478,796  
  47,574,659     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     47,574,659  
  6     

Morgan Stanley Institutional Liquidity Funds Treasury Portfolio Institutional Class, 4.12% (b)

     6  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $110,053,461)

   $ 110,053,461  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $113,839,722) - 101.1% (c)

   $ 113,806,012  
  

Liabilities in Excess of Other Assets - (1.1)%

     (1,286,643
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 112,519,369  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $63,370,867.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of iShares MSCI Emerging Markets ETF

   4.6500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      3,348,722      $  130,912,843      $ 8,607,014  

Total return of iShares MSCI Emerging Markets ETF

   4.9800 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      2,208,523        85,125,327        5,709,523  

Total return of iShares MSCI Emerging Markets ETF

   4.6300 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      2,513,555        102,510,148        1,465,437  
              

 

 

    

 

 

 
               $ 318,548,318      $ 15,781,974  
              

 

 

    

 

 

 


Direxion Daily MSCI Emerging Markets Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 113.3%

  
 

Money Market Funds - 113.3%

  
  13,576,619     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 13,576,619  
  17,226,851     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     17,226,851  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $30,803,470) (b)

   $ 30,803,470  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $30,803,470) - 113.3%

   $ 30,803,470  
  

Liabilities in Excess of Other Assets - (13.3)%

     (3,611,861
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 27,191,609  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $19,681,489.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

4.0000% representing 1 month SOFR rate + spread

   Total return of iShares MSCI Emerging Markets ETF    J.P. Morgan    12/12/2023      1,300,000      $ 50,817,000      $ (3,397,726

4.4300% representing 1 month SOFR rate + spread

   Total return of iShares MSCI Emerging Markets ETF    UBS Securities LLC    12/13/2023      310,555        12,430,921        (379,305

4.3000% representing 1 month SOFR rate + spread

   Total return of iShares MSCI Emerging Markets ETF    Citibank N.A.    12/19/2023      361,768        15,052,934        91,669  
              

 

 

    

 

 

 
               $ 78,300,855      $ (3,685,362
              

 

 

    

 

 

 


Direxion Daily MSCI Mexico Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 46.0%

  
  137,328     

iShares MSCI Mexico ETF (a)(b)

   $ 7,916,959  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $7,011,118)

   $ 7,916,959  
     

 

 

 
 

SHORT TERM INVESTMENTS - 67.6%

  
 

Money Market Funds - 67.6%

  
  6,619,176     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 6,619,176  
  970,000     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (c)

     970,000  
  1,760,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     1,760,000  
  2,272,957     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     2,272,957  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $11,622,133)

   $ 11,622,133  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $18,633,251) - 113.6% (e)

   $ 19,539,092  
  

Liabilities in Excess of Other Assets - (13.6)%

     (2,338,550
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 17,200,542  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $7,679,423.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of iShares MSCI Mexico ETF

   3.8000% representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      222,450      $ 11,574,103      $ 1,251,950  

Total return of iShares MSCI Mexico ETF

   4.8500% representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      309,843        15,687,351        2,074,463  

Total return of iShares MSCI Mexico ETF

   5.0500% representing 1 month SOFR rate + spread    Barclays    12/20/2023      154,528        8,053,113        953,650  

Total return of iShares MSCI Mexico ETF

   4.8000% representing 1 month SOFR rate + spread    Goldman Sachs    2/21/2024      70,937        4,050,924        32,909  
              

 

 

    

 

 

 
               $ 39,365,491      $ 4,312,972  
              

 

 

    

 

 

 


Direxion Daily MSCI South Korea Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 49.5%

  
  266,819     

iShares MSCI South Korea ETF (a)

   $ 16,935,002  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $15,582,198)

   $ 16,935,002  
     

 

 

 
 

SHORT TERM INVESTMENTS - 54.4%

  
 

Money Market Funds - 54.4%

  
  5,078,817     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 5,078,817  
  1,930,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     1,930,000  
  11,577,808     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     11,577,808  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $18,586,625)

   $ 18,586,625  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $34,168,823) - 103.9% (c)

   $ 35,521,627  
  

Liabilities in Excess of Other Assets - (3.9)%

     (1,331,040
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 34,190,587  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $21,603,343.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of iShares MSCI South Korea ETF

   4.8000% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      357,010      $ 20,795,833      $ 1,719,160  

Total return of iShares MSCI South Korea ETF

   4.7500% representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      424,115        24,829,547        2,109,313  

Total return of iShares MSCI South Korea ETF

   4.7500% representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      430,060        24,930,057        2,410,714  

Total return of iShares MSCI South Korea ETF

   4.9500% representing 1 month SOFR rate + spread    Barclays    12/20/2023      138,078        8,838,948        (84,458
              

 

 

    

 

 

 
               $ 79,394,385      $ 6,154,729  
              

 

 

    

 

 

 


Direxion Daily Aerospace & Defense Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 65.6%

  
 

Computer and Electronic Product Manufacturing - 20.7%

  
  29,235     

Aerojet Rocketdyne Holdings, Inc. (a)

   $ 1,634,821  
  25,520     

L3 Harris Technologies, Inc.

     5,482,207  
  22,392     

Mercury Computer Systems, Inc. (a)

     1,119,264  
  11,185     

Moog, Inc. Class A

     1,066,154  
  10,294     

Northrop Grumman Corp.

     4,612,124  
  265,951     

Raytheon Technologies Corp.

     26,555,207  
     

 

 

 
        40,469,777  
     

 

 

 
 

Credit Intermediation and Related Activities - 0.1%

  
  17,678     

Smith & Wesson Brands, Inc.

     195,872  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 2.6%

  
  26,110     

Axon Enterprise, Inc. (a)

     5,102,938  
     

 

 

 
 

Fabricated Metal Product Manufacturing - 3.9%

  
  35,229     

BWX Technologies, Inc.

     2,144,037  
  14,794     

Curtiss-Wright Corp.

     2,452,845  
  11,208     

RBC Bearings, Inc. (a)

     2,734,416  
  6,824     

Sturm, Ruger & Co, Inc.

     388,286  
     

 

 

 
        7,719,584  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 3.0%

  
  32,507     

Hexcel Corp.

     2,294,344  
  15,411     

Huntington Ingalls Industries, Inc.

     3,398,742  
  10,822     

Kaman Corp.

     272,931  
     

 

 

 
        5,966,017  
     

 

 

 
 

Miscellaneous Manufacturing - 2.9%

  
  76,628     

Textron, Inc.

     5,582,350  
     

 

 

 
 

Primary Metal Manufacturing - 3.0%

  
  142,196     

Howmet Aerospace, Inc.

     5,785,955  
     

 

 

 
 

Professional, Scientific, and Technical Services - 1.0%

  
  28,688     

Maxar Technologies, Inc.

     1,482,309  
  12,791     

Parsons Corp. (a)

     556,664  
     

 

 

 
        2,038,973  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.5%

  
  84,073     

Rocket Lab USA, Inc. (a)

     417,843  
  92,250     

Virgin Galactic Holdings, Inc. (a)(b)

     509,220  
     

 

 

 
        927,063  
     

 

 

 
 

Textile Mills - 0.1%

  
  1,960     

National Presto Industries, Inc.

     150,156  
     

 

 

 
 

Transportation Equipment Manufacturing - 27.8%

  
  12,870     

AAR Corp. (a)

     662,033  
  9,651     

AeroVironment, Inc. (a)

     858,649  
  54,898     

Archer Aviation, Inc. (a)

     159,204  
  50,793     

Boeing Co. (a)

     10,818,909  
  22,588     

General Dynamics Corp.

     5,264,359  
  25,780     

HEICO Corp.

     3,446,270  
  14,705     

HEICO Corp. Class A

     2,513,820  
  48,644     

Kratos Defense & Security Solutions, Inc. (a)

     556,974  
  42,197     

Lockheed Martin Corp.

     19,548,182  
  40,650     

Spirit AeroSystems Holdings, Inc.

     1,469,498  
  9,122     

TransDigm Group, Inc.

     6,547,316  
  25,103     

Triumph Group, Inc. (a)

     285,923  
  23,236     

Woodward, Inc.

     2,376,113  
     

 

 

 
        54,507,250  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $117,718,388)

   $ 128,445,935  
     

 

 

 
 

SHORT TERM INVESTMENTS - 31.6%

  
 

Money Market Funds - 31.6%

  
  55,197,937     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 55,197,937  
  1     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     1  
  6,737,767     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     6,737,767  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $61,935,705)

   $ 61,935,705  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $179,654,093) - 97.2% (e)

   $ 190,381,640  
  

Other Assets in Excess of Liabilities - 2.8%

     5,437,725  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 195,819,365  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $154,712,224.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Dow Jones U.S. Select Aerospace & Defense Index

   5.0900 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      3,531      $ 97,664,106      $ 4,085,145  

Total return of Dow Jones U.S. Select Aerospace & Defense Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      5,946        167,998,964        3,668,044  

Total return of Dow Jones U.S. Select Aerospace & Defense Index

   4.7500 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      6,356        178,954,769        4,195,261  
              

 

 

    

 

 

 
               $ 444,617,839      $ 11,948,450  
              

 

 

    

 

 

 


Direxion Daily Consumer Discretionary Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 61.1%

  
 

Accommodation - 2.3%

  
  1,075     

Caesars Entertainment Inc. (a)

   $ 55,965  
  1,354     

Hilton Worldwide Holdings, Inc.

     196,452  
  1,644     

Las Vegas Sands Corp. (a)

     96,996  
  1,347     

Marriott International, Inc. Class A

     234,620  
  1,596     

MGM Resorts International

     66,090  
     

 

 

 
        650,123  
     

 

 

 
 

Administrative and Support Services - 1.6%

  
  193     

Booking Holdings, Inc. (a)

     469,781  
     

 

 

 
 

Amusement, Gambling, and Recreation Industries - 0.2%

  
  517     

Wynn Resorts Ltd. (a)

     53,582  
     

 

 

 
 

Apparel Manufacturing - 0.3%

  
  205     

Ralph Lauren Corp.

     25,389  
  1,654     

VF Corp.

     51,175  
     

 

 

 
        76,564  
     

 

 

 
 

Building Material and Garden Equipment and Supplies Dealers - 7.9%

  
  3,108     

Lowe’s Companies, Inc.

     647,241  
  4,975     

The Home Depot, Inc.

     1,612,746  
     

 

 

 
        2,259,987  
     

 

 

 
 

Clothing and Clothing Accessories Stores - 2.6%

  
  1,142     

Bath & Body Works, Inc.

     52,544  
  1,737     

Ross Stores, Inc.

     205,296  
  5,813     

TJX Companies, Inc.

     475,852  
     

 

 

 
        733,692  
     

 

 

 
 

Construction of Buildings - 1.5%

  
  1,567     

D.R. Horton, Inc.

     154,647  
  1,276     

Lennar Corp. Class A

     130,662  
  16     

NVR, Inc. (a)

     84,320  
  1,141     

PulteGroup, Inc.

     64,912  
     

 

 

 
        434,541  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.1%

  
  274     

Whirlpool Corp.

     42,632  
     

 

 

 
 

Electronics and Appliance Stores - 0.3%

  
  1,004     

Best Buy Co., Inc.

     89,075  
     

 

 

 
 

Food Services and Drinking Places - 6.7%

  
  138     

Chipotle Mexican Grill, Inc. (a)

     227,200  
  613     

Darden Restaurants, Inc.

     90,706  
  179     

Domino’s Pizza, Inc.

     63,187  
  2,703     

McDonald’s Corp.

     722,782  
  5,747     

Starbucks Corp.

     627,228  
  1,410     

Yum! Brands, Inc.

     184,019  
     

 

 

 
        1,915,122  
     

 

 

 
 

Funds, Trusts, and Other Financial Vehicles - 0.3%

  
  768     

Garmin Ltd. ADR (Switzerland)

     75,940  
     

 

 

 
 

General Merchandise Stores - 2.9%

  
  1,129     

Dollar General Corp.

     263,734  
  1,054     

Dollar Tree, Inc. (a)

     158,290  
  2,305     

Target Corp.

     396,783  
     

 

 

 
        818,807  
     

 

 

 
 

Health and Personal Care Stores - 0.5%

  
  257     

Ulta Salon, Cosmetics & Fragrance, Inc. (a)

     132,088  
     

 

 

 
 

Leather and Allied Product Manufacturing - 3.0%

  
  6,307     

NIKE, Inc. Class B

     803,070  
  1,207     

Tapestry, Inc.

     55,003  
     

 

 

 
        858,073  
     

 

 

 
 

Management of Companies and Enterprises - 0.3%

  
  5,014     

Carnival Corp. ADR (Panama) (a)

     54,251  
  2,110     

Norwegian Cruise Line Holdings Ltd. ADR (a)

     32,093  
     

 

 

 
        86,344  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.6%

  
  1,271     

LKQ Corp.

     74,938  
  264     

Mohawk Industries, Inc. (a)

     31,696  
  194     

Pool Corp.

     74,808  
     

 

 

 
        181,442  
     

 

 

 
 

Miscellaneous Manufacturing - 0.1%

  
  651     

Hasbro, Inc.

     38,520  
     

 

 

 
 

Miscellaneous Store Retailers - 0.4%

  
  554     

Tractor Supply Co.

     126,306  
     

 

 

 
 

Motor Vehicle and Parts Dealers - 2.0%

  
  300     

Advance Auto Parts, Inc.

     45,684  
  95     

AutoZone, Inc. (a)

     231,691  
  792     

CarMax, Inc. (a)

     55,796  
  314     

O’Reilly Automotive, Inc. (a)

     248,798  
     

 

 

 
        581,969  
     

 

 

 
 

Nonstore Retailers - 16.0%

  
  42,200     

Amazon.com, Inc. (a)

     4,352,086  
  2,717     

eBay, Inc.

     134,492  
  630     

Etsy, Inc. (a)

     86,675  
     

 

 

 
        4,573,253  
     

 

 

 
 

Plastics and Rubber Products Manufacturing - 0.1%

  
  1,885     

Newell Rubbermaid, Inc.

     30,085  
     

 

 

 
 

Support Activities for Transportation - 0.3%

  
  753     

Expedia, Inc. (a)

     86,068  
     

 

 

 
 

Transportation Equipment Manufacturing - 10.5%

  
  1,356     

Aptiv PLC ADR (United Kingdom) (a)

     153,350  
  1,173     

BorgWarner, Inc.

     55,459  
  19,774     

Ford Motor Co.

     267,147  
  7,113     

General Motors Co.

     279,683  
  13,044     

Tesla Motors, Inc. (a)

     2,259,482  
     

 

 

 
        3,015,121  
     

 

 

 
 

Water Transportation - 0.2%

  
  1,099     

Royal Caribbean Cruises Ltd. ADR (Liberia) (a)

     71,369  
     

 

 

 
 

Wholesale Electronic Markets and Agents and Brokers - 0.4%

  
  706     

Genuine Parts Co.

     118,481  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $17,604,007)

   $ 17,518,965  
     

 

 

 
 

SHORT TERM INVESTMENTS - 34.3%

  
 

Money Market Funds - 34.3%

  
  8,070,589     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 8,070,589  
  1,749,782     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     1,749,782  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $9,820,371)

   $ 9,820,371  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $27,424,378) - 95.4% (c)

   $ 27,339,336  
  

Other Assets in Excess of Liabilities - 4.6%

     1,312,343  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 28,651,679  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $18,266,704.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Consumer Discretionary Select Sector Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      21,480      $ 31,076,601      $ 1,058,355  

Total return of Consumer Discretionary Select Sector Index

   4.9000 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      24,083        32,838,542        3,182,656  
              

 

 

    

 

 

 
               $ 63,915,143      $ 4,241,011  
              

 

 

    

 

 

 


Direxion Daily Dow Jones Internet Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 64.7%

  
 

Administrative and Support Services - 2.0%

  
  32,634     

Cloudflare, Inc. (a)

   $ 1,726,665  
  34,601     

Teladoc Health, Inc. (a)

     1,017,269  
     

 

 

 
        2,743,934  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 10.6%

  
  43,814     

Alphabet, Inc. Class A (a)

     4,330,576  
  38,841     

Alphabet, Inc. Class C (a)

     3,879,051  
  16,725     

Arista Networks, Inc. (a)

     2,107,684  
  89,944     

Cisco Systems, Inc.

     4,377,574  
     

 

 

 
        14,694,885  
     

 

 

 
 

Data Processing, Hosting and Related Services - 2.0%

  
  24,756     

Airbnb, Inc. (a)

     2,750,639  
     

 

 

 
 

Electronics and Appliance Stores - 0.8%

  
  26,203     

Smartsheet, Inc. (a)

     1,132,232  
     

 

 

 
 

Motion Picture and Sound Recording Industries - 3.1%

  
  12,115     

Netflix, Inc. (a)

     4,287,014  
     

 

 

 
 

Nonstore Retailers - 9.8%

  
  78,182     

Amazon.com, Inc. (a)

     8,062,910  
  28,293     

DoorDash, Inc. (a)

     1,638,730  
  43,556     

eBay, Inc.

     2,156,022  
  12,451     

Etsy, Inc. (a)

     1,713,009  
     

 

 

 
        13,570,671  
     

 

 

 
 

Other Information Services - 1.2%

  
  65,266     

Pinterest, Inc. (a)

     1,715,843  
     

 

 

 
 

Professional, Scientific, and Technical Services - 15.5%

  
  24,833     

Ciena Corp. (a)

     1,291,813  
  18,679     

GoDaddy, Inc. (a)

     1,534,106  
  41,486     

Juniper Networks, Inc.

     1,339,998  
  32,853     

Match Group, Inc. (a)

     1,778,004  
  42,348     

Meta Platforms, Inc. (a)

     6,308,582  
  36,904     

Nutanix, Inc. (a)

     1,028,514  
  20,576     

Okta, Inc. (a)

     1,514,599  
  136,291     

Snap, Inc. (a)

     1,575,524  
  17,002     

Snowflake, Inc. (a)

     2,659,793  
  13,198     

Workday, Inc. (a)

     2,394,513  
     

 

 

 
        21,425,446  
     

 

 

 
 

Publishing Industries (except Internet) - 12.6%

  
  16,925     

Akamai Technologies, Inc. (a)

     1,505,479  
  31,404     

Box, Inc. (a)

     1,004,614  
  38,244     

Confluent, Inc. (a)

     883,437  
  15,309     

Coupa Software, Inc. (a)

     1,223,495  
  24,099     

Datadog, Inc. (a)

     1,802,846  
  28,820     

DocuSign, Inc. (a)

     1,747,645  
  47,131     

Dropbox, Inc. (a)

     1,094,853  
  55,024     

Fastly, Inc. (a)

     569,498  
  28,000     

Salesforce.com, Inc. (a)

     4,703,160  
  11,334     

Veeva Systems, Inc. (a)

     1,933,014  
  40,997     

ZoomInfo Technologies, Inc. (a)

     1,157,345  
     

 

 

 
        17,625,386  
     

 

 

 
 

Real Estate - 1.6%

  
  337,512     

Opendoor Technologies, Inc. (a)

     739,151  
  8,703     

Zillow Group, Inc. Class A (a)

     373,881  
  24,371     

Zillow Group, Inc. Class C (a)

     1,077,442  
     

 

 

 
        2,190,474  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.5%

  
  79,547     

CommScope Holding Co., Inc. (a)

     668,195  
     

 

 

 
 

Support Activities for Transportation - 1.3%

  
  16,485     

Expedia, Inc. (a)

     1,884,236  
     

 

 

 
 

Telecommunications - 3.7%

  
  41,416     

PayPal Holdings, Inc. (a)

     3,374,990  
  22,615     

Zoom Video Communications, Inc. (a)

     1,696,125  
     

 

 

 
        5,071,115  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $85,178,025)

   $ 89,760,070  
     

 

 

 
 

SHORT TERM INVESTMENTS - 29.5%

  
 

Money Market Funds - 29.5%

  
  27,960,416     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 27,960,416  
  12,915,658     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     12,915,658  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $40,876,074)

   $ 40,876,074  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $126,054,099) - 94.2% (c)

   $ 130,636,144  
  

Other Assets in Excess of Liabilities - 5.8%

     8,035,851  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 138,671,995  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $97,655,926.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Dow Jones Internet Composite Index

   4.4000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      160,301      $ 96,052,804      $ 6,570,300  

Total return of Dow Jones Internet Composite Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      104,168        63,069,264        3,684,744  

Total return of Dow Jones Internet Composite Index

   4.4000 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      127,378        73,969,898        7,625,201  

Total return of Dow Jones Internet Composite Index

   4.7000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      115,266        67,485,659        6,442,625  
              

 

 

    

 

 

 
               $ 300,577,625      $ 24,322,870  
              

 

 

    

 

 

 


Direxion Daily Dow Jones Internet Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 115.7%

  
 

Money Market Funds - 115.7%

  
  15,668,981     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 15,668,981  
  39,919,747     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     39,919,747  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $55,588,728) (b)

   $ 55,588,728  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $55,588,728) - 115.7%

   $ 55,588,728  
  

Liabilities in Excess of Other Assets - (15.7)%

     (7,555,608
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 48,033,120  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $41,548,590.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.2000 % representing 1 month SOFR rate + spread

   Total return of Dow Jones Internet Composite Index    Bank of America Merrill Lynch    12/8/2023      121,056      $ 73,132,491      $ (4,429,206

4.2000 % representing 1 month SOFR rate + spread

   Total return of Dow Jones Internet Composite Index    UBS Securities LLC    12/13/2023      12,211        7,316,587        (501,502

4.4000 % representing 1 month SOFR rate + spread

   Total return of Dow Jones Internet Composite Index    Citibank N.A.    12/19/2023      58,532        35,986,934        (1,633,418

4.5000 % representing 1 month SOFR rate + spread

   Total return of Dow Jones Internet Composite Index    J.P. Morgan    1/23/2024      32,188        17,891,262        (2,694,727
              

 

 

    

 

 

 
               $ 134,327,274      $ (9,258,853
              

 

 

    

 

 

 


Direxion Daily Financial Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 64.0%

  
 

Administrative and Support Services - 1.1%

  
  12,650     

FactSet Research System, Inc.

   $ 5,350,191  
  52,315     

Moody’s Corp.

     16,884,666  
     

 

 

 
        22,234,857  
     

 

 

 
 

Credit Intermediation and Related Activities - 26.1%

  
  198,501     

American Express Co.

     34,723,780  
  2,317,650     

Bank of America Corp.

     82,230,222  
  244,245     

Bank of New York Mellon Corp.

     12,351,470  
  126,747     

Capital One Financial Corp.

     15,082,893  
  643,159     

Citigroup, Inc.

     33,585,763  
  163,537     

Citizens Financial Group, Inc.

     7,084,423  
  43,483     

Comerica, Inc.

     3,187,739  
  90,729     

Discover Financial Services

     10,590,796  
  227,929     

Fifth Third Bancorp

     8,271,543  
  60,746     

First Republic Bank

     8,557,896  
  479,082     

Huntington Bancshares, Inc.

     7,267,674  
  974,013     

JPMorgan Chase & Co.

     136,322,859  
  309,804     

KeyCorp

     5,945,139  
  57,319     

M&T Bank Corp.

     8,941,764  
  69,205     

Northern Trust Corp.

     6,710,809  
  133,930     

PNC Financial Services Group, Inc.

     22,156,040  
  310,300     

Regions Financial Corp.

     7,304,462  
  20,896     

Signature Bank

     2,694,539  
  121,847     

State Street Corp.

     11,128,286  
  19,629     

SVB Financial Group (a)

     5,936,595  
  149,607     

Synchrony Financial

     5,495,065  
  440,576     

Truist Financial Corp.

     21,760,049  
  448,987     

U.S. Bancorp

     22,359,553  
  1,265,329     

Wells Fargo & Co.

     59,305,970  
  49,682     

Zions Bancorp

     2,641,095  
     

 

 

 
        541,636,424  
     

 

 

 
 

Funds, Trusts, and Other Financial Vehicles - 0.4%

  
  74,206     

T. Rowe Price Group, Inc.

     8,642,773  
     

 

 

 
 

Insurance Carriers and Related Activities - 22.0%

  
  187,891     

Aflac, Inc.

     13,809,988  
  88,065     

Allstate Corp.

     11,313,711  
  246,720     

American International Group, Inc.

     15,597,638  
  68,691     

AON PLC ADR (United Kingdom)

     21,890,448  
  122,822     

Arch Capital Group Ltd. ADR (a)

     7,903,596  
  70,014     

Arthur J. Gallagher & Co.

     13,703,140  
  17,540     

Assurant, Inc.

     2,325,629  
  598,285     

Berkshire Hathaway, Inc. Class B (a)

     186,377,743  
  78,060     

Brown & Brown, Inc.

     4,571,194  
  137,824     

Chubb Limited ADR (Switzerland)

     31,353,582  
  52,194     

Cincinnati Financial Corp.

     5,905,751  
  13,005     

Everest Re Group Ltd. ADR

     4,547,718  
  30,039     

Globe Life, Inc.

     3,630,213  
  105,633     

Hartford Financial Services Group, Inc.

     8,198,177  
  51,133     

Lincoln National Corp.

     1,811,642  
  65,437     

Loews Corp.

     4,023,067  
  164,710     

Marsh & McLennan Companies, Inc.

     28,809,426  
  218,855     

MetLife, Inc.

     15,980,792  
  75,562     

Principal Financial Group, Inc.

     6,993,263  
  194,278     

Progressive Corp.

     26,489,805  
  122,200     

Prudential Financial, Inc.

     12,823,668  
  77,821     

Travelers Companies, Inc.

     14,873,150  
  67,878     

W.R. Berkley Corp.

     4,760,963  
  35,941     

Willis Towers Watson PLC ADR (Ireland)

     9,135,843  
     

 

 

 
        456,830,147  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 14.4%

  
  35,337     

Ameriprise Financial, Inc.

     12,372,190  
  49,874     

BlackRock, Inc.

     37,864,839  
  35,227     

CBOE Holdings, Inc.

     4,328,694  
  506,502     

Charles Schwab Corp.

     39,213,385  
  119,450     

CME Group, Inc.

     21,102,037  
  94,328     

Franklin Resources, Inc.

     2,943,034  
  112,451     

Goldman Sachs Group, Inc.

     41,135,700  
  185,474     

IntercontinentalExchange, Inc.

     19,947,729  
  151,021     

Invesco Ltd. ADR (a)

     2,795,399  
  12,499     

MarketAxess Holdings, Inc.

     4,547,761  
  437,755     

Morgan Stanley

     42,606,694  
  26,550     

MSCI, Inc. Class A

     14,112,918  
  112,561     

NASDAQ OMX Group, Inc.

     6,775,047  
  64,284     

Raymond James Financial, Inc.

     7,249,307  
  110,582     

S&P Global, Inc.

     41,461,615  
     

 

 

 
        298,456,349  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $1,207,932,883)

   $ 1,327,800,550  
     

 

 

 
 

SHORT TERM INVESTMENTS - 33.2%

  
 

Money Market Funds - 33.2%

  
  574,311,391     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 574,311,391  
  7,651,604     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     7,651,604  
  60,512,331     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     60,512,331  
  45,694,404     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     45,694,404  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $688,169,730)

   $ 688,169,730  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $1,896,102,613) - 97.2% (c)

   $ 2,015,970,280  
  

Other Assets in Excess of Liabilities - 2.8%

     58,717,651  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 2,074,687,931  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,629,287,749.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Financials Select Sector Index

   5.1900 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      1,875,000      $ 781,948,025      $ 59,668,221  

Total return of Financials Select Sector Index

   4.8500 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      1,774,112        763,345,771        34,359,077  

Total return of Financials Select Sector Index

   5.0000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      948,170        411,981,290        13,935,464  

Total return of Financials Select Sector Index

   4.8000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      1,410,357        606,270,359        26,994,408  

Total return of Financials Select Sector Index

   4.9700 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      1,176,178        502,984,555        25,798,371  

Total return of Financials Select Sector Index

   5.0250 % representing 1 month SOFR rate + spread    Societe Generale    12/18/2023      10,000        4,267,340        226,294  

Total return of Financials Select Sector Index

   4.9500 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      1,667,000        717,327,040        31,166,584  

Total return of Financials Select Sector Index

   4.8500 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      2,005,414        855,770,316        44,152,687  
              

 

 

    

 

 

 
               $ 4,643,894,696      $ 236,301,106  
              

 

 

    

 

 

 


Direxion Daily Financial Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 107.9%

  
 

Money Market Funds - 107.9%

  
  90,052,464     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 90,052,464  
  17,902,937     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     17,902,937  
  77,943,797     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     77,943,797  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $185,899,198) (b)

   $ 185,899,198  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $185,899,198) - 107.9%

   $ 185,899,198  
  

Liabilities in Excess of Other Assets - (7.9)%

     (13,605,439
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 172,293,759  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $120,445,666.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.5500% representing 1 month SOFR rate + spread

   Total return of Financials Select Sector Index    Goldman Sachs    12/7/2023      145,767      $ 63,230,934      $ (2,453,333

4.8000% representing 1 month SOFR rate + spread

   Total return of Financials Select Sector Index    Bank of America Merrill Lynch    12/8/2023      591,309        254,993,973        (10,526,405

4.5500% representing 1 month SOFR rate + spread

   Total return of Financials Select Sector Index    J.P. Morgan    12/12/2023      94,366        40,617,014        (1,749,009

4.6900% representing 1 month SOFR rate + spread

   Total return of Financials Select Sector Index    UBS Securities LLC    12/13/2023      315,668        135,818,208        (6,078,245
              

 

 

    

 

 

 
               $ 494,660,129      $ (20,806,992
              

 

 

    

 

 

 


Direxion Daily Healthcare Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 75.2%

  
 

Ambulatory Health Care Services - 1.2%

   $ 131,247  
  1,593      DaVita, Inc. (a)      647,444  
  2,568      Laboratory Corp. of America Holdings      528,240  
  1,694      Molina Healthcare, Inc. (a)      490,133  
  3,301      Quest Diagnostics, Inc.      427,521  
     

 

 

 
  35,158      Viatris, Inc.      2,224,585  
     

 

 

 
 

Chemical Manufacturing - 27.0%

     7,575,290  
  51,271      AbbVie, Inc.      3,904,628  
  15,470      Amgen, Inc.      1,214,507  
  4,175      Biogen, Inc. (a)      362,453  
  4,550      Bio-Techne Corp.      4,478,219  
  61,641      Bristol-Myers Squibb Co.      279,370  
  5,217      Catalent, Inc. (a)      7,868,646  
  22,864      Eli Lilly and Company      3,052,226  
  36,362      Gilead Sciences, Inc.      455,840  
  5,354      Incyte Corp. (a)      7,895,172  
  73,505      Merck & Co., Inc.      222,179  
  7,374      Organon & Co.      7,186,510  
  162,738      Pfizer, Inc.      2,354,291  
  3,104      Regeneron Pharmaceuticals, Inc. (a)      2,404,510  
  7,442      Vertex Pharmaceuticals, Inc. (a)      570,243  
  2,147      West Pharmaceutical Services, Inc.      2,236,101  
     

 

 

 
  13,512      Zoetis, Inc.      52,060,185  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 9.1%

     1,305,303  
  8,583      Agilent Technologies, Inc.      291,695  
  624      Bio-Rad Laboratories, Inc. (a)      5,021,634  
  18,994      Danaher Corp.      734,131  
  10,560      GE HealthCare Technologies, Inc. (a)      588,956  
  7,238      Hologic, Inc. (a)      1,153,681  
  2,401      IDEXX Laboratories, Inc. (a)      976,752  
  4,560      Illumina, Inc. (a)      503,222  
  3,659      PerkinElmer, Inc.      6,485,222  
  11,371      Thermo Fisher Scientific, Inc.      565,815  
     

 

 

 
  1,722      Waters Corp. (a)      17,626,411  
     

 

 

 
 

Health and Personal Care Stores - 1.7%

     3,360,564  
  

 

 

 
  38,093      CVS Health Corp.   
 

Hospitals - 1.0%

     1,568,170  
  6,148      HCA Healthcare, Inc.      275,671  
     

 

 

 
  1,860      Universal Health Services, Inc. Class B      1,843,841  
     

 

 

 
 

Insurance Carriers and Related Activities - 11.9%

     1,251,556  
  16,416      Centene Corp. (a)      2,806,963  
  8,864      Cigna Corp.      3,461,931  
  6,924      Elevance Health, Inc.      1,877,939  
  3,670      Humana, Inc.      13,522,058  
     

 

 

 
  27,088      UnitedHealth Group, Inc.      22,920,447  
     

 

 

 
 

Machinery Manufacturing - 0.5%

     991,799  
     

 

 

 
  647      Mettler-Toledo International, Inc. (a)   
 

Management of Companies and Enterprises - 2.9%

     5,588,081  
  

 

 

 
  50,548      Abbott Laboratories   
 

Merchant Wholesalers, Durable Goods - 0.2%

     338,570  
  

 

 

 
  3,930      Henry Schein, Inc. (a)   
 

Merchant Wholesalers, Nondurable Goods - 1.5%

     793,436  
  4,696      AmerisourceBergen Corp.      587,100  
  7,600      Cardinal Health, Inc.      1,556,754  
     

 

 

 
  4,111      McKesson Corp.      2,937,290  
     

 

 

 
 

Miscellaneous Manufacturing - 16.5%

     568,051  
  2,106      Align Technology, Inc. (a)      667,759  
  14,615      Baxter International, Inc.      2,085,355  
  8,268      Becton, Dickinson & Co.      1,920,531  
  41,525      Boston Scientific Corp. (a)      229,451  
  6,230      Dentsply Sirona, Inc.      1,199,194  
  11,198      DexCom, Inc. (a)      1,374,771  
  17,924      Edwards Lifesciences Corp. (a)      2,517,094  
  10,245      Intuitive Surgical, Inc. (a)      12,386,909  
  75,798      Johnson & Johnson      3,224,911  
  38,534      Medtronic PLC ADR (Ireland)      969,887  
  4,247      ResMed, Inc.      597,640  
  2,894      Steris PLC ADR (Ireland)      2,478,455  
  9,765      Stryker Corp.      331,051  
  1,360      Teleflex, Inc.      499,319  
  1,431      The Cooper Companies, Inc.      774,737  
     

 

 

 
  6,084      Zimmer Biomet Holdings, Inc.      31,825,115  
     

 

 

 
 

Professional, Scientific, and Technical Services - 1.7%

     358,794  
  1,475      Charles River Laboratories International, Inc. (a)      1,235,373  
  5,385      IQVIA Holdings, Inc. (a)      1,686,478  
     

 

 

 
  9,579      Moderna, Inc. (a)      3,280,645  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $149,964,852)

   $ 144,997,533  
     

 

 

 
 

SHORT TERM INVESTMENTS - 33.3%

  
 

Money Market Funds - 33.3%

  
  23,883,898      Dreyfus Government Cash Management Institutional Shares, 4.23% (b)    $ 23,883,898  
  3,333,058      Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)      3,333,058  
  36,958,679      Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)      36,958,679  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $64,175,635)

   $ 64,175,635  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $214,140,487) - 108.5% (c)

   $ 209,173,168  
  

Liabilities in Excess of Other Assets - (8.5)%

     (16,357,809
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 192,815,359  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $172,282,265.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

Total return of Health Care Select Sector Index

   4.9000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      18,000      $ 25,382,520      $ (1,243,650

Total return of Health Care Select Sector Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      109,999        152,463,757        (4,885,194

Total return of Health Care Select Sector Index

   4.9400 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      123,599        173,227,755        (7,432,420

Total return of Health Care Select Sector Index

   4.9000 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      70,208        97,146,994        (3,017,364
              

 

 

    

 

 

 
               $ 448,221,026      $ (16,578,628
              

 

 

    

 

 

 


Direxion Daily Homebuilders & Supplies Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 69.4%

  
 

Building Material and Garden Equipment and Supplies Dealers - 5.7%

  
  24,183     

Lowe’s Companies, Inc.

   $ 5,036,110  
  29,035     

MasterBrand, Inc. (a)

     267,122  
  15,626     

The Home Depot, Inc.

     5,065,480  
     

 

 

 
        10,368,712  
     

 

 

 
 

Construction of Buildings - 41.3%

  
  18,952     

Beazer Homes USA, Inc. (a)

     310,244  
  18,461     

Century Communities, Inc.

     1,129,813  
  204,363     

D.R. Horton, Inc.

     20,168,585  
  17,736     

Green Brick Partners , Inc. (a)

     553,363  
  54,232     

KB Home

     2,085,221  
  9,506     

Lennar Corp.

     820,938  
  166,345     

Lennar Corp. Class A

     17,033,728  
  13,383     

LGI Homes, Inc. (a)

     1,523,655  
  37,223     

M.D.C Holdings, Inc.

     1,405,541  
  17,909     

M/I Homes, Inc. (a)

     1,070,958  
  23,878     

Meritage Homes Corp. (a)

     2,571,422  
  1,960     

NVR, Inc. (a)

     10,329,200  
  148,752     

PulteGroup, Inc.

     8,462,501  
  70,744     

Taylor Morrison Home Corp. (a)

     2,532,635  
  68,815     

Toll Brothers, Inc.

     4,093,804  
  65,888     

TRI Pointe Group, Inc. (a)

     1,455,466  
     

 

 

 
        75,547,074  
     

 

 

 
 

Fabricated Metal Product Manufacturing - 0.7%

  
  13,472     

PGT Innovations, Inc. (a)

     292,342  
  9,563     

Simpson Manufacturing Company, Inc.

     1,024,293  
     

 

 

 
        1,316,635  
     

 

 

 
 

Furniture and Related Product Manufacturing - 0.1%

  
  3,733     

American Woodmark Corp. (a)

     213,864  
     

 

 

 
 

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 1.2%

  
  5,122     

Ethan Allen Interiors, Inc.

     147,207  
  23,825     

Floor & Decor Holdings, Inc. (a)

     2,162,595  
     

 

 

 
        2,309,802  
     

 

 

 
 

Machinery Manufacturing - 0.2%

  
  22,294     

Hayward Holdings, Inc. (a)

     300,746  
     

 

 

 
 

Management of Companies and Enterprises - 0.3%

  
  24,594     

AZEK Company, Inc. (a)

     593,453  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 6.4%

  
  11,395     

Beacon Roofing Supply, Inc. (a)

     648,148  
  33,044     

Builders FirstSource, Inc. (a)

     2,633,607  
  28,793     

Fortune Brands Home & Security, Inc.

     1,857,436  
  29,765     

Leggett & Platt, Inc.

     1,088,208  
  7,240     

Lennox International, Inc.

     1,886,889  
  6,577     

Lumber Liquidators Holdings, Inc. (a)

     39,857  
  11,838     

Mohawk Industries, Inc. (a)

     1,421,270  
  7,469     

Watsco, Inc.

     2,146,366  
     

 

 

 
        11,721,781  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 2.6%

  
  19,924     

The Sherwin Williams Co.

     4,713,819  
     

 

 

 
 

Nonmetallic Mineral Product Manufacturing - 1.9%

  
  8,273     

Eagle Materials, Inc.

     1,208,520  
  20,983     

Owens Corning

     2,028,007  
  7,436     

Quanex Building Products Corp.

     192,518  
     

 

 

 
        3,429,045  
     

 

 

 
 

Specialty Trade Contractors - 3.2%

  
  15,316     

Installed Building Products, Inc.

     1,686,139  
  20,874     

TopBuild Corp. (a)

     4,176,052  
     

 

 

 
        5,862,191  
     

 

 

 
 

Wood Product Manufacturing - 5.8%

  
  5,410     

Cavco Industries, Inc. (a)

     1,439,601  
  18,936     

JELD-WEN Holding, Inc. (a)

     239,540  
  16,097     

Louisiana-Pacific Corp.

     1,096,045  
  50,636     

Masco Corp.

     2,693,835  
  5,002     

Masonite International Corp. ADR (a)

     456,282  
  34,566     

Skyline Champion Corp. (a)

     2,037,666  
  24,637     

Trex Company, Inc. (a)

     1,298,863  
  13,838     

UFP Industries, Inc.

     1,294,545  
     

 

 

 
        10,556,377  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $113,167,258)

   $ 126,933,499  
     

 

 

 
 

SHORT TERM INVESTMENTS - 33.6%

  
 

Money Market Funds - 33.6%

  
  33,745,678     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 33,745,678  
  11,147,012     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     11,147,012  
  16,594,751     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     16,594,751  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $61,487,441)

   $ 61,487,441  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $174,654,699) - 103.0% (c)

   $ 188,420,940  
  

Liabilities in Excess of Other Assets - (3.0)%

     (5,461,821
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 182,959,119  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $115,598,467.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Dow Jones U.S. Select Home Construction Index

   5.0900% representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      2,208      $ 24,826,332      $ 2,481,500  

Total return of Dow Jones U.S. Select Home Construction Index

   4.8500% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      9,425        108,613,341        8,178,907  

Total return of Dow Jones U.S. Select Home Construction Index

   4.7500% representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      10,461        115,762,518        13,758,757  

Total return of Dow Jones U.S. Select Home Construction Index

   4.8000% representing 1 month SOFR rate + spread    Barclays    12/20/2023      11,859        127,700,386        19,056,757  
              

 

 

    

 

 

 
               $ 376,902,577      $ 43,475,921  
              

 

 

    

 

 

 


Direxion Daily Industrials Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 65.5%

  
 

Administrative and Support Services - 2.6%

  
  495     

Allegion PLC ADR (Ireland)

   $ 58,187  
  689     

Equifax, Inc.

     153,096  
  610     

Robert Half International, Inc.

     51,215  
  1,302     

Rollins, Inc.

     47,393  
  2,101     

Waste Management, Inc.

     325,088  
     

 

 

 
        634,979  
     

 

 

 
 

Air Transportation - 1.8%

  
  713     

Alaska Air Group, Inc. (a)

     36,605  
  3,656     

American Airlines Group, Inc. (a)

     59,008  
  3,607     

Delta Air Lines, Inc. (a)

     141,034  
  3,339     

Southwest Airlines Co.

     119,436  
  1,839     

United Continental Holdings, Inc. (a)

     90,037  
     

 

 

 
        446,120  
     

 

 

 
 

Building Material and Garden Equipment and Supplies Dealers - 0.3%

  
  298     

Snap-on, Inc.

     74,122  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 7.9%

  
  1,292     

AMETEK, Inc.

     187,237  
  1,989     

Fortive Corp.

     135,312  
  1,071     

L3 Harris Technologies, Inc.

     230,072  
  814     

Northrop Grumman Corp.

     364,704  
  2,343     

Otis Worldwide Corp.

     192,665  
  8,268     

Raytheon Technologies Corp.

     825,560  
     

 

 

 
        1,935,550  
     

 

 

 
 

Couriers and Messengers - 4.2%

  
  1,346     

FedEx Corp.

     260,935  
  4,104     

United Parcel Service, Inc. Class B

     760,184  
     

 

 

 
        1,021,119  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 2.3%

  
  713     

A.O. Smith Corp.

     48,270  
  3,326     

Emerson Electric Co.

     300,072  
  356     

Generac Holdings, Inc. (a)

     42,934  
  646     

Rockwell Automation, Inc.

     182,191  
     

 

 

 
        573,467  
     

 

 

 
 

Fabricated Metal Product Manufacturing - 0.5%

  
  925     

Pentair PLC ADR (Ireland)

     51,226  
  832     

Stanley Black & Decker, Inc.

     74,306  
     

 

 

 
        125,532  
     

 

 

 
 

Machinery Manufacturing - 12.9%

  
  4,705     

Carrier Global Corp.

     214,219  
  2,928     

Caterpillar, Inc.

     738,705  
  793     

Cummins, Inc.

     197,885  
  1,545     

Deere & Co.

     653,288  
  6,146     

General Electric Co.

     494,630  
  424     

IDEX Corp.

     101,624  
  2,277     

Ingersoll Rand, Inc.

     127,512  
  303     

Nordson Corp.

     73,720  
  722     

Parker Hannifin Corp.

     235,372  
  1,296     

Trane Technologies PLC ADR (Ireland)

     232,140  
  1,014     

Xylem, Inc.

     105,466  
     

 

 

 
        3,174,561  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 4.1%

  
  486     

Cintas Corp.

     215,658  
  2,411     

Copart, Inc. (a)

     160,597  
  3,222     

Fastenal Co.

     162,872  
  223     

Huntington Ingalls Industries, Inc.

     49,180  
  3,874     

Johnson Controls International PLC ADR (Ireland)

     269,514  
  252     

W.W. Grainger, Inc.

     148,549  
     

 

 

 
        1,006,370  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 1.5%

  
  1,573     

Illinois Tool Works, Inc.

     371,291  
     

 

 

 
 

Miscellaneous Manufacturing - 2.3%

  
  3,109     

3M Co.

     357,784  
  789     

Dover Corp.

     119,794  
  1,176     

Textron, Inc.

     85,671  
     

 

 

 
        563,249  
     

 

 

 
 

National Security and International Affairs - 0.3%

  
  769     

Leidos Holdings, Inc.

     76,008  
     

 

 

 
 

Primary Metal Manufacturing - 0.3%

  
  2,071     

Howmet Aerospace, Inc.

     84,269  
     

 

 

 
 

Professional, Scientific, and Technical Services - 2.5%

  
  2,238     

Eaton Corp PLC ADR (Ireland)

     363,026  
  718     

Jacobs Solutions, Inc.

     88,709  
  879     

Verisk Analytics, Inc. Class A

     159,793  
     

 

 

 
        611,528  
     

 

 

 
 

Rail Transportation - 4.4%

  
  11,825     

CSX Corp.

     365,629  
  3,458     

Union Pacific Corp.

     706,089  
     

 

 

 
        1,071,718  
     

 

 

 
 

Rental and Leasing Services - 0.7%

  
  390     

United Rentals, Inc. (a)

     171,971  
     

 

 

 
 

Specialty Trade Contractors - 0.5%

  
  804     

Quanta Services, Inc.

     122,361  
     

 

 

 
 

Support Activities for Transportation - 2.3%

  
  662     

C.H. Robinson Worldwide, Inc.

     66,313  
  895     

Expeditors International of Washington, Inc.

     96,794  
  467     

J.B. Hunt Transport Services, Inc.

     88,286  
  1,302     

Norfolk Southern Corp.

     320,045  
     

 

 

 
        571,438  
     

 

 

 
 

Transportation Equipment Manufacturing - 11.8%

  
  3,150     

Boeing Co. (a)

     670,950  
  1,266     

General Dynamics Corp.

     295,054  
  3,782     

Honeywell International, Inc.

     788,472  
  1,312     

Lockheed Martin Corp.

     607,797  
  1,956     

Paccar, Inc.

     213,810  
  291     

TransDigm Group, Inc.

     208,865  
  1,023     

Wabtec Corp.

     106,198  
     

 

 

 
        2,891,146  
     

 

 

 
 

Truck Transportation - 0.7%

  
  510     

Old Dominion Freight Line, Inc.

     169,952  
     

 

 

 
 

Waste Management and Remediation Services - 0.6%

  
  1,156     

Republic Services, Inc.

     144,292  
     

 

 

 
 

Web Search Portals, Libraries, Archives, and Other Information Services - 0.7%

  
  2,287     

CoStar Group, Inc. (a)

     178,157  
     

 

 

 
 

Wood Product Manufacturing - 0.3%

  
  1,269     

Masco Corp.

     67,511  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $17,004,532)

   $ 16,086,711  
     

 

 

 
 

SHORT TERM INVESTMENTS - 30.9%

  
 

Money Market Funds - 30.9%

  
  2,666,439     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 2,666,439  
  2,210,033     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     2,210,033  
  2,722,760     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     2,722,760  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $7,599,232)

   $ 7,599,232  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $24,603,764) - 96.4% (c)

   $ 23,685,943  
  

Other Assets in Excess of Liabilities - 3.6%

     881,759  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 24,567,702  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $16,998,183.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Industrials Select Sector Index

   4.7500% representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      23,521      $ 23,754,615      $ 306,052  

Total return of Industrials Select Sector Index

   4.9000% representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      18,024        18,222,203        197,748  

Total return of Industrials Select Sector Index

   4.6500% representing 1 month SOFR rate + spread    Barclays    12/20/2023      14,549        14,544,781        320,750  
              

 

 

    

 

 

 
               $ 56,521,599      $ 824,550  
              

 

 

    

 

 

 


Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 60.7%

  
 

Administrative and Support Services - 2.3%

  
  6,613     

Royalty Pharma PLC ADR (United Kingdom)

   $ 259,163  
     

 

 

 
 

Ambulatory Health Care Services - 5.3%

  
  3,688     

Axsome Therapeutics, Inc. (a)

     276,600  
  25,613     

Viatris, Inc.

     311,454  
     

 

 

 
        588,054  
     

 

 

 
 

Chemical Manufacturing - 45.2%

  
  2,248     

Aclaris Therapeutics, Inc. (a)

     37,991  
  1,606     

Amphastar Pharmaceuticals, Inc. (a)

     48,598  
  369     

ANI Pharmaceuticals, Inc. (a)

     16,505  
  3,503     

Bristol-Myers Squibb Co.

     254,493  
  2,010     

Cara Therapeutics, Inc. (a)

     23,477  
  7,129     

Cassava Sciences, Inc. (a)(b)

     199,612  
  6,180     

Catalent, Inc. (a)

     330,939  
  1,244     

Collegium Pharmaceutical, Inc. (a)

     34,932  
  4,453     

Corcept Therapeutics, Inc. (a)

     101,796  
  21,792     

Elanco Animal Health, Inc. (a)

     299,204  
  765     

Eli Lilly and Company

     263,275  
  10,151     

Esperion Therapeutics, Inc. (a)

     64,560  
  2,304     

Harmony Biosciences Holdings, Inc. (a)

     110,984  
  3,795     

Innoviva, Inc. (a)

     48,007  
  4,164     

Intra-Cellular Therapies, Inc. (a)

     199,539  
  1,817     

Jazz Pharmaceuticals PLC ADR (Ireland) (a)

     284,651  
  1,355     

Ligand Pharmaceuticals, Inc. (a)

     94,443  
  2,538     

Merck & Co., Inc.

     272,607  
  12,995     

Nektar Therapeutics (a)

     35,346  
  10,207     

Organon & Co.

     307,537  
  3,018     

Pacira Pharmaceuticals, Inc. (a)

     118,517  
  8,751     

Perrigo Co. PLC ADR (Ireland)

     327,462  
  5,338     

Pfizer, Inc.

     235,726  
  3,106     

Pliant Therapeutics, Inc. (a)

     108,834  
  1,475     

Prestige Consumer Healthcare, Inc. (a)

     96,996  
  5,901     

Provention Bio, Inc. (a)

     51,103  
  11,726     

Revance Therapeutics, Inc. (a)

     406,658  
  12,265     

SIGA Technologies, Inc.

     89,902  
  2,472     

Supernus Pharmaceuticals, Inc. (a)

     101,377  
  4,545     

Theravance Biopharma, Inc. ADR (a)

     49,131  
  3,089     

Ventyx Biosciences, Inc. (a)

     129,738  
  1,800     

Zoetis, Inc.

     297,882  
     

 

 

 
        5,041,822  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 2.3%

  
  5,870     

Amylxy Pharmaceuticals, Inc. (a)

     230,046  
  4,175     

Atea Pharmaceuticals, Inc. (a)

     19,330  
     

 

 

 
        249,376  
     

 

 

 
 

Miscellaneous Manufacturing - 2.3%

  
  1,571     

Johnson & Johnson

     256,733  
     

 

 

 
 

Professional, Scientific, and Technical Services - 3.3%

  
  3,167     

Arvinas, Inc. (a)

     103,783  
  2,712     

DICE Therapeutics, Inc. (a)

     86,160  
  4,083     

Reata Pharmaceuticals, Inc. (a)(b)

     176,916  
     

 

 

 
        366,859  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $6,709,773)

   $ 6,762,007  
     

 

 

 
 

SHORT TERM INVESTMENTS - 37.4%

  
 

Money Market Funds - 37.4%

  
  2,309,421     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 2,309,421  
  470,595     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     470,595  
  1,392,382     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     1,392,382  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $4,172,398)

   $ 4,172,398  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $10,882,171) - 98.1% (e)

   $ 10,934,405  
  

Other Assets in Excess of Liabilities - 1.9%

     213,264  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 11,147,669  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $6,693,269.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P Pharmaceuticals Select Industry Index

   4.9400 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      1,980      $ 9,589,713      $ 297,959  

Total return of S&P Pharmaceuticals Select Industry Index

   4.6500 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      1,536        7,472,118        185,225  

Total return of S&P Pharmaceuticals Select Industry Index

   4.9000 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      1,808        8,739,554        265,379  
              

 

 

    

 

 

 
               $ 25,801,385      $ 748,563  
              

 

 

    

 

 

 


Direxion Daily Real Estate Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 57.7%

  
 

Accommodation - 0.8%

  
  25,675     

Host Hotels & Resorts, Inc.

   $ 483,974  
     

 

 

 
 

Administrative and Support Services - 1.0%

  
  10,437     

Iron Mountain, Inc.

     569,651  
     

 

 

 
 

Professional, Scientific, and Technical Services - 1.3%

  
  4,809     

Extra Space Storage, Inc.

     759,004  
     

 

 

 
 

Real Estate - 48.5%

  
  5,362     

Alexandria Real Estate Equities, Inc.

     861,888  
  16,718     

American Tower Corp.

     3,734,634  
  5,024     

AvalonBay Communities, Inc.

     891,459  
  5,124     

Boston Properties, Inc.

     381,943  
  3,824     

Camden Property Trust

     471,155  
  11,345     

CBRE Group, Inc. Class A (a)

     970,111  
  15,549     

Crown Castle International Corp.

     2,302,962  
  10,323     

Digital Realty Trust, Inc.

     1,183,222  
  12,213     

Equity Residential

     777,357  
  2,325     

Essex Property Trust, Inc.

     525,613  
  2,624     

Federal Realty Investment Trust

     292,655  
  19,302     

Healthpeak Properties, Inc.

     530,419  
  20,856     

Invitation Homes, Inc.

     677,820  
  22,206     

Kimco Realty Corp.

     498,747  
  4,145     

Mid-America Apartment Communities, Inc.

     691,054  
  33,147     

Prologis, Inc.

     4,285,244  
  5,676     

Public Storage

     1,727,434  
  22,519     

Realty Income Corp.

     1,527,464  
  5,529     

Regency Centers Corp.

     368,397  
  11,740     

Simon Property Group, Inc.

     1,508,120  
  10,989     

UDR, Inc.

     468,022  
  14,352     

Ventas, Inc.

     743,577  
  34,581     

VICI Properties, Inc.

     1,181,979  
  16,966     

Welltower, Inc.

     1,273,129  
  26,426     

Weyerhaeuser Co.

     909,847  
     

 

 

 
        28,784,252  
     

 

 

 
 

Telecommunications - 6.1%

  
  3,321     

Equinix, Inc.

     2,451,330  
  3,877     

SBA Communications Corp.

     1,153,524  
     

 

 

 
        3,604,854  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $36,587,868)

   $ 34,201,735  
     

 

 

 
 

SHORT TERM INVESTMENTS - 37.8%

  
 

Money Market Funds - 37.8%

  
  9,717,602     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 9,717,602  
  12,689,658     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     12,689,658  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $22,407,260)

   $ 22,407,260  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $58,995,128) - 95.5% (c)

   $ 56,608,995  
  

Other Assets in Excess of Liabilities - 4.5%

     2,682,170  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 59,291,165  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $44,545,246.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be
Received at Termination

  

Terms of Payments to be
Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of Real Estate Select Sector Index

   4.3500 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      470,712      $ 91,095,324      $ 2,878,169  

Total return of Real Estate Select Sector Index

   4.5500 % representing 1 month SOFR rate + spread    J.P. Morgan    1/8/2024      248,593        46,217,430        3,363,663  
              

 

 

    

 

 

 
               $ 137,312,754      $ 6,241,832  
              

 

 

    

 

 

 


Direxion Daily Real Estate Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 114.6%

  
 

Money Market Funds - 114.6%

  
  106,037,117     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 106,037,117  
  81,317,998     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     81,317,998  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $187,355,115) (b)

   $ 187,355,115  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $187,355,115) - 114.6%

   $ 187,355,115  
  

Liabilities in Excess of Other Assets - (14.6)%

     (23,820,227
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 163,534,888  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $118,208,843.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.1500 % representing 1 month SOFR rate + spread

   Total return of Real Estate Select Sector Index    Bank of America Merrill Lynch    12/8/2023      610,271      $ 118,610,815      $ (3,221,218

4.0500 % representing 1 month SOFR rate + spread

   Total return of Real Estate Select Sector Index    J.P. Morgan    12/12/2023      838,613        157,833,946        (9,683,524

4.1000 % representing 1 month SOFR rate + spread

   Total return of Real Estate Select Sector Index    UBS Securities LLC    12/13/2023      1,007,451        188,765,745        (12,216,292
              

 

 

    

 

 

 
               $ 465,210,506      $ (25,121,034
              

 

 

    

 

 

 


Direxion Daily Regional Banks Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 65.3%

  
 

Credit Intermediation and Related Activities - 59.9%

  
  2,154      1st Source Corp.    $ 105,955  
  3,099      Amerant Bancorp, Inc.      86,276  
  18,586      Ameris Bancorp      876,516  
  70,342      Associated Banc-Corp      1,576,364  
  10,731      Atlantic Union Bankshares Corp.      415,182  
  6,303      BancFirst Corp.      542,877  
  9,858      Bank of Hawaii Corp.      754,038  
  1,979      Bank of Marin Bancorp      60,300  
  41,171      Bank OZK      1,880,280  
  34,388      BankUnited, Inc.      1,294,364  
  9,443      Banner Corp.      612,190  
  14,269      Berkshire Hills Bancorp, Inc.      443,052  
  8,517      BOK Financial Corp.      855,958  
  17,498      Brookline Bancorp, Inc.      228,874  
  66,096      Cadence Bank      1,690,736  
  1,738      Camden National Corp.      73,396  
  16,587      Cathay General Bancorp      729,165  
  51,754      Citizens Financial Group, Inc.      2,241,983  
  3,650      City Holding Co.      345,983  
  1,369      Coastal Financial Corp. (a)      62,522  
  50,659      Columbia Banking System, Inc.      1,565,870  
  31,255      Comerica, Inc.      2,291,304  
  19,410      Commerce Bancshares, Inc.      1,291,930  
  11,540      Community Bank System, Inc.      665,973  
  2,073      Community Trust Bancorp, Inc.      89,305  
  5,403      ConnectOne Bancorp, Inc.      128,429  
  15,886      Customers Bancorp, Inc. (a)      482,458  
  34,341      CVB Financial Corp.      831,739  
  4,806      Dime Community Bancshares, Inc.      143,315  
  7,354      Eagle Bancorp, Inc.      349,241  
  31,382      East West Bancorp, Inc.      2,464,115  
  39,647      Eastern Bankshares, Inc.      641,092  
  5,548      Enterprise Financial Services Corp.      295,819  
  117,861      F.N.B. Corp.      1,681,876  
  7,203      FB Financial Corp.      270,545  
  62,662      Fifth Third Bancorp      2,274,004  
  1,907      Financial Institutions, Inc.      47,122  
  6,738      First Bancorp      268,509  
  79,179      First BanCorp ADR      1,064,958  
  5,698      First Bancshares, Inc.      174,644  
  6,948      First Busey Corp.      165,849  
  2,650      First Citizens BancShares, Inc. Class A      2,060,852  
  23,475      First Commonwealth Financial Corp.      345,317  
  15,359      First Financial Bancorp      389,043  
  25,571      First Financial Bankshares, Inc.      910,839  
  1,985      First Financial Corp.      89,166  
  30,486      First Hawaiian, Inc.      836,536  
  84,189      First Horizon National Corp.      2,081,994  
  8,195      First Merchants Corp.      349,435  
  17,620      First Republic Bank      2,482,306  
  5,404      Flushing Finanicial Corp.      103,703  
  48,828      Fulton Financial Corp.      816,892  
  18,572      Glacier Bancorp, Inc.      846,697  
  1,437      Great Southern Bancorp, Inc.      83,978  
  24,960      Hancock Holding Co.      1,284,941  
  6,844      Hanmi Financial Corp. Class A      159,397  
  7,697      HarborOne Bancorp, Inc.      104,987  
  6,007      Heartland Financial USA, Inc.      297,166  
  9,442      Heritage Commerce Corp.      114,437  
  10,290      Heritage Financial Corp.      293,574  
  21,553      Hilltop Holdings, Inc.      704,783  
  7,852      HomeStreet, Inc.      216,480  
  39,028      Hope Bancorp, Inc.      503,071  
  10,335      Horizon Bancorp, Inc.      161,639  
  141,643      Huntington Bancshares, Inc.      2,148,724  
  8,743      Independent Bank Corp. (Massachusetts)      696,730  
  2,740      Independent Bank Corp. (Michigan)      60,746  
  8,559      Independent Bank Group, Inc.      524,667  
  14,572      International Bancshares Corp.      682,990  
  118,307      KeyCorp      2,270,311  
  12,855      Lakeland Bancorp, Inc.      247,716  
  5,284      Lakeland Financial Corp.      373,632  
  13,886      Live Oak Bancshares, Inc.      475,318  
  13,615      M&T Bank Corp.      2,123,940  
  1,556      Mercantile Bank Corp.      53,417  
  8,651      Meta Financial Group, Inc.      429,263  
  3,608      Midland States Bancorp, Inc.      91,932  
  7,070      NBT Bancorp, Inc.      277,922  
  1,175      Nicolet Bankshares, Inc. (a)      85,646  
  41,630      Northwest Bancshares, Inc.      588,648  
  13,854      OceanFirst Financial Corp.      331,388  
  12,890      OFG Bancorp ADR      364,916  
  90,866      Old National Bancorp      1,590,155  
  6,496      Old Second Bancorp, Inc.      110,367  
  5,734      Origin Bancorp, Inc.      215,025  
  19,323      Pacific Premier Bancorp, Inc.      624,906  
  71,133      PacWest Bancorp      1,967,539  
  1,628      Park National Corp.      203,907  
  2,998      Peapack-Gladstone Financial Corp.      111,196  
  4,767      Peoples Bancorp, Inc.      141,437  
  22,930      Pinnacle Financial Partners, Inc.      1,805,279  
  13,376      PNC Financial Services Group, Inc.      2,212,792  
  31,386      Popular, Inc. ADR      2,154,335  
  2,721      Preferred Bank      193,545  
  5,042      Premier Financial Corp.      126,151  
  24,157      Prosperity Bancshares, Inc.      1,832,550  
  93,591      Regions Financial Corp.      2,203,132  
  9,050      Renasant Corp.      321,999  
  6,454      S&T Bancorp, Inc.      234,797  
  7,561     

Sandy Spring Bancorp, Inc.

     255,562  
  20,248      Seacoast Banking Corp. of Florida      650,163  
  17,381      Signature Bank      2,241,280  
  96,167      Silvergate Capital Corp. (a)(b)      1,369,418  
  30,698      Simmons First National Corp.      684,872  
  6,045      Southside Bancshares, Inc.      228,985  
  14,340      Stellar Bancorp, Inc.      403,097  
  9,357      SVB Financial Group (a)      2,829,931  
  51,139      Synovus Financial Corp.      2,145,281  
  24,008      Texas Capital Bancshares, Inc. (a)      1,586,209  
  12,145      The Bancorp, Inc. (a)      412,080  
  1,837      Tompkins Financial Corp.      138,381  
  6,986      Towne Bank      212,863  
  3,832      TriCo Bancshares      193,708  
  11,133      Triumph Bancorp, Inc. (a)      620,442  
  48,975      Truist Financial Corp.      2,418,875  
  11,612      Trustmark Corp.      338,141  
  9,447      UMB Financial Corp.      852,025  
  31,428      United Bankshares, Inc.      1,263,406  
  34,383      United Community Banks, Inc.      1,118,823  
  4,428      Univest Corp. of Pennsylvania      120,220  
  120,885      Valley National Bancorp      1,436,114  
  17,790      Washington Federal, Inc.      630,833  
  2,649      Washington Trust Bancorp, Inc.      113,298  
  43,651      Webster Financial Corp.      2,298,225  
  10,095      WesBanco, Inc.      375,231  
  6,936      Westamerica Bancorp      385,364  
  33,917      Western Alliance Bancorp      2,556,324  
  22,209      Wintrust Financial Corp.      2,031,457  
  43,397      Zions Bancorp      2,306,985  
     

 

 

 
        107,395,952  
     

 

 

 
 

Management of Companies and Enterprises - 5.3%

  
  18,062      Banc of California, Inc.      314,640  
  4,316      Byline Bancorp, Inc.      107,037  
  7,479      Central Pacific Financial Corp.      169,025  
  15,054      Cullen/Frost Bankers, Inc.      1,961,235  
  18,146      First Foundation, Inc.      281,807  
  31,444      First Interstate BancSystem, Inc.      1,128,211  
  50,651      Home Bancshares, Inc.      1,209,039  
  3,454      Metropolitan Bank Holding Corp. (a)      205,099  
  8,225      National Bank Holdings Corp.      347,342  
  8,017      ServisFirst Bancshares, Inc.      546,599  
  19,134      South State Corp.      1,523,066  
  71,498      Umpqua Holdings Corp.      1,301,264  
  14,841      Veritex Holdings, Inc.      417,774  
     

 

 

 
        9,512,138  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.1%

  
  5,021      CrossFirst Bankshares, Inc. (a)      67,784  
  3,515      QCR Holdings, Inc.      184,748  
     

 

 

 
        252,532  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $127,213,190)

   $ 117,160,622  
     

 

 

 
 

SHORT TERM INVESTMENTS - 36.8%

  
 

Money Market Funds - 36.8%

  
  38,143,509     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 38,143,509  
  1,458,920     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     1,458,920  
  26,406,967     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     26,406,967  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $66,009,396)

   $ 66,009,396  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $193,222,586) - 102.1% (e)

   $ 183,170,018  
  

Liabilities in Excess of Other Assets - (2.1)%

     (3,814,755
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 179,355,263  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $120,834,833.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P Regional Banks Select Industry Index

   4.8500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      60,639      $ 115,386,315      $ 2,532,307  

Total return of S&P Regional Banks Select Industry Index

   4.8400 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      78,934        145,526,896        8,131,930  

Total return of S&P Regional Banks Select Industry Index

   4.8000 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      75,993        143,263,358        4,533,821  
              

 

 

    

 

 

 
               $ 404,176,569      $ 15,198,058  
              

 

 

    

 

 

 


Direxion Daily Retail Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 63.4%

  
 

Administrative and Support Services - 0.7%

  
  15,749     

Revolve Group, Inc. (a)

   $ 449,477  
     

 

 

 
 

Clothing and Clothing Accessories Stores - 14.4%

  
  17,261     

Abercrombie & Fitch Co. Class A (a)

     499,879  
  7,482     

Academy Sports & Outdoors Inc.

     437,098  
  25,744     

American Eagle Outfitters, Inc.

     415,508  
  9,625     

Bath & Body Works, Inc.

     442,846  
  6,531     

Boot Barn Holdings, Inc. (a)

     545,273  
  18,422     

Caleres, Inc.

     479,340  
  72,131     

Chicos FAS, Inc. (a)

     380,130  
  11,805     

Childrens Place Retail Stores, Inc. (a)

     535,593  
  40,048     

Designer Brands, Inc.

     412,895  
  29,301     

Gap, Inc. (b)

     397,615  
  5,022     

Genesco, Inc. (a)

     242,512  
  19,612     

Guess?, Inc.

     454,410  
  23,376     

Nordstrom, Inc.

     456,767  
  3,542     

Ross Stores, Inc.

     418,629  
  10,550     

Shoe Carnival, Inc.

     288,121  
  5,969     

Signet Jewelers Ltd. ADR

     458,479  
  9,113     

The Buckle, Inc.

     400,972  
  5,216     

TJX Companies, Inc.

     426,982  
  14,888     

Urban Outfitters, Inc. (a)

     407,782  
  9,053     

Victoria’s Secret & Co. (a)

     381,584  
  10,903     

Zumiez, Inc. (a)

     281,625  
     

 

 

 
        8,764,040  
     

 

 

 
 

Electronics and Appliance Stores - 1.4%

  
  4,979     

Best Buy Co., Inc.

     441,737  
  18,000     

GameStop Corp. Class A (a)(b)

     393,660  
     

 

 

 
        835,397  
     

 

 

 
 

Food and Beverage Stores - 3.4%

  
  19,051     

Albertsons Companies, Inc. Class A

     403,881  
  14,267     

Grocery Outlet Holding Corp. (a)

     433,574  
  2,468     

Ingles Markets, Inc.

     234,460  
  8,758     

Kroger Co.

     390,869  
  12,065     

Sprouts Farmers Market, Inc. (a)

     385,477  
  2,199     

Weis Markets, Inc.

     189,862  
     

 

 

 
        2,038,123  
     

 

 

 
 

Food Services and Drinking Places - 1.7%

  
  1,680     

Casey’s General Stores, Inc.

     396,329  
  10,793     

Wayfair, Inc. (a)(b)

     652,976  
     

 

 

 
        1,049,305  
     

 

 

 
 

Gasoline Stations - 0.4%

  
  5,022     

TravelCenters of America Inc. (a)

     228,601  
     

 

 

 
 

General Merchandise Stores - 9.1%

  
  24,536     

Big Lots, Inc.

     401,409  
  5,797     

BJ’s Wholesale Club Holdings, Inc. (a)

     420,109  
  2,096     

Burlington Stores, Inc. (a)

     481,724  
  840     

Costco Wholesale Corp.

     429,358  
  1,208     

Dillard’s, Inc. Class A

     475,118  
  1,679     

Dollar General Corp.

     392,214  
  2,864     

Dollar Tree, Inc. (a)

     430,116  
  2,302     

Five Below, Inc. (a)

     453,793  
  15,412     

Kohl’s Corp.

     498,886  
  18,457     

Macy’s, Inc.

     436,139  
  3,250     

PriceSmart, Inc.

     241,507  
  2,676     

Target Corp.

     460,647  
  2,801     

Wal-Mart Stores, Inc.

     402,980  
     

 

 

 
        5,524,000  
     

 

 

 
 

Health and Personal Care Stores - 1.8%

  
  12,207     

Petmed Express, Inc.

     262,206  
  864     

Ulta Salon, Cosmetics & Fragrance, Inc. (a)

     444,062  
  10,079     

Walgreens Boots Alliance, Inc.

     371,512  
     

 

 

 
        1,077,780  
     

 

 

 
 

Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 0.2%

  
  407     

Winmark Corp.

     114,286  
     

 

 

 
 

Machinery Manufacturing - 1.5%

  
  33,659     

Leslie’s, Inc. (a)

     521,378  
  10,198     

Xometry, Inc. (a)

     357,134  
     

 

 

 
        878,512  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.3%

  
  2,180     

America’s Car-Mart, Inc. (a)

     187,785  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 0.8%

  
  10,735     

Foot Locker, Inc.

     467,080  
     

 

 

 
 

Miscellaneous Manufacturing - 1.5%

  
  10,644     

National Vision Holdings, Inc. (a)

     437,468  
  38,755     

Petco Health & Wellness Co., Inc. (a)

     453,046  
     

 

 

 
        890,514  
     

 

 

 
 

Miscellaneous Store Retailers - 3.8%

  
  9,331     

Chewy, Inc. (a)

     420,455  
  7,939     

Ollie’s Bargain Outlet Holdings, Inc. (a)

     434,740  
  35,918     

Sally Beauty Holdings, Inc. (a)

     559,602  
  8,801     

The ODP Corp. (a)

     454,132  
  1,865     

Tractor Supply Co.

     425,201  
     

 

 

 
        2,294,130  
     

 

 

 
 

Motor Vehicle and Parts Dealers - 9.9%

  
  2,795     

Advance Auto Parts, Inc.

     425,623  
  2,247     

Asbury Automotive Group, Inc. (a)

     494,340  
  3,503     

AutoNation, Inc. (a)

     443,900  
  166     

AutoZone, Inc. (a)

     404,849  
  6,200     

CarMax, Inc. (a)

     436,790  
  80,649     

Carvana Co. (a)(b)

     820,200  
  73,116     

EVgo, Inc. (a)(b)

     503,769  
  2,138     

Group 1 Automotive, Inc.

     457,211  
  10,430     

MarineMax, Inc. (a)

     325,938  
  1,414     

Murphy USA, Inc.

     384,651  
  492     

O’Reilly Automotive, Inc. (a)

     389,836  
  2,494     

OneWater Marine. Inc. (a)

     81,654  
  3,271     

Penske Automotive Group, Inc.

     418,099  
  7,931     

Sonic Automotive, Inc.

     425,974  
     

 

 

 
        6,012,834  
     

 

 

 
 

Nonstore Retailers - 5.2%

  
  4,572     

Amazon.com, Inc. (a)

     471,510  
  7,368     

DoorDash, Inc. (a)

     426,755  
  9,333     

eBay, Inc.

     461,983  
  3,213     

Etsy, Inc. (a)

     442,044  
  17,770     

Overstock.com, Inc. (a)

     430,212  
  104,965     

Stitch Fix, Inc. (a)

     546,868  
  24,679     

Warby Parker, Inc. (a)(b)

     398,566  
     

 

 

 
        3,177,938  
     

 

 

 
 

Printing and Related Support Activities - 0.2%

  
  11,726     

Arko Corp.

     98,381  
     

 

 

 
 

Professional, Scientific, and Technical Services - 2.4%

  
  661,046     

ContextLogic, Inc. (a)

     454,733  
  15,530     

Franchise Group, Inc. (b)

     479,722  
  205,690     

Qurate Retail, Inc. (a)

     530,680  
     

 

 

 
        1,465,135  
     

 

 

 
 

Rental and Leasing Services - 0.8%

  
  17,186     

Rent-A-Center, Inc.

     462,132  
     

 

 

 
 

Repair and Maintenance - 0.8%

  
  5,568     

Liquidity Services, Inc. (a)

     83,464  
  8,410     

Monro Muffler Brake, Inc.

     428,069  
     

 

 

 
        511,533  
     

 

 

 
 

Sporting Goods, Hobby, Musical Instrument, and Book Stores - 2.3%

  
  16,913     

Camping World Holdings, Inc. (b)

     429,759  
  3,414     

Dick’s Sporting Goods, Inc.

     446,415  
  6,020     

Hibbett Sports, Inc.

     399,487  
  12,766     

Sportsman’s Warehouse Holdings, Inc. (a)

     120,384  
     

 

 

 
        1,396,045  
     

 

 

 
 

Truck Transportation - 0.8%

  
  1,860     

Lithia Motors, Inc. Class A

     489,552  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $34,756,911)

   $ 38,412,580  
     

 

 

 
 

SHORT TERM INVESTMENTS - 33.4%

  
 

Money Market Funds - 33.4%

  
  11,761,211     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 11,761,211  
  1     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     1  
  8,485,695     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     8,485,695  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $20,246,907)

   $ 20,246,907  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $55,003,818) - 96.8% (e)

   $ 58,659,487  
  

Other Assets in Excess of Liabilities - 3.2%

     1,890,908  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 60,550,395  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $39,301,256.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P Retail Select Industry® Index

   4.7000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      9,184      $ 62,941,501      $ 4,998,123  

Total return of S&P Retail Select Industry® Index

   4.8900 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      5,070        34,674,122        2,894,429  

Total return of S&P Retail Select Industry® Index

   4.6500 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      5,045        34,221,446        3,086,752  
              

 

 

    

 

 

 
               $ 131,837,069      $ 10,979,304  
              

 

 

    

 

 

 


Direxion Daily S&P 500® High Beta Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 67.7%

  
 

Accommodation - 2.5%

  
  15,524     

Caesars Entertainment Inc. (a)

   $ 808,179  
  10,427     

Las Vegas Sands Corp. (a)

     615,193  
  14,180     

MGM Resorts International

     587,194  
     

 

 

 
        2,010,566  
     

 

 

 
 

Administrative and Support Services - 1.2%

  
  215     

Booking Holdings, Inc. (a)

     523,332  
  5,533     

Live Nation Entertainment, Inc. (a)

     445,351  
     

 

 

 
        968,683  
     

 

 

 
 

Air Transportation - 2.0%

  
  36,596     

American Airlines Group, Inc. (a)

     590,659  
  12,932     

Delta Air Lines, Inc. (a)

     505,641  
  11,710     

United Continental Holdings, Inc. (a)

     573,322  
     

 

 

 
        1,669,622  
     

 

 

 
 

Amusement, Gambling, and Recreation Industries - 0.9%

  
  6,843     

Wynn Resorts Ltd. (a)

     709,209  
     

 

 

 
 

Apparel Manufacturing - 0.7%

  
  4,622     

Ralph Lauren Corp.

     572,435  
     

 

 

 
  
 

Broadcasting and Content Providers - 1.3%

  
  31,902     

Dish Network Corp. (a)

     459,070  
  40,026     

Warner Bros Discovery, Inc. (a)

     593,185  
     

 

 

 
        1,052,255  
     

 

 

 
 

Chemical Manufacturing - 0.5%

  
  1,500     

Albemarle Corp.

     422,175  
     

 

 

 
 

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.8%

  
  14,203     

Bath & Body Works, Inc.

     653,480  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 16.2%

  
  10,911     

Advanced Micro Devices, Inc. (a)

     819,962  
  4,685     

Alphabet, Inc. Class C (a)

     467,891  
  2,655     

Analog Devices, Inc.

     455,253  
  2,943     

Apple, Inc.

     424,645  
  3,676     

Arista Networks, Inc. (a)

     463,250  
  856     

Broadcom, Inc.

     500,769  
  1,945     

Enphase Energy, Inc. (a)

     430,584  
  10,323     

Fortinet, Inc. (a)

     540,306  
  2,040     

Illumina, Inc. (a)

     436,968  
  7,397     

Microchip Technology, Inc.

     574,155  
  8,415     

Micron Technology, Inc.

     507,425  
  1,786     

Monolithic Power Systems, Inc.

     761,836  
  5,094     

NVIDIA Corp.

     995,215  
  3,031     

NXP Semiconductors NV ADR (Netherlands)

     558,644  
  9,643     

ON Semiconductor Corp. (a)

     708,278  
  5,408     

Qorvo, Inc. (a)

     587,633  
  4,229     

Qualcomm, Inc.

     563,345  
  5,191     

Skyworks Solutions, Inc.

     569,297  
  1,956     

SolarEdge Technologies, Inc. (a)

     624,218  
  6,050     

Teradyne, Inc.

     615,285  
  8,317     

Trimble, Inc. (a)

     482,885  
  11,991     

Western Digital Corp. (a)

     527,004  
  2,029     

Zebra Technologies Corp. Class A (a)

     641,529  
     

 

 

 
        13,256,377  
     

 

 

 
 

Construction of Buildings - 2.0%

  
  5,398     

D.R. Horton, Inc.

     532,729  
  5,220     

Lennar Corp. Class A

     534,528  
  10,615     

PulteGroup, Inc.

     603,887  
     

 

 

 
        1,671,144  
     

 

 

 
 

Credit Intermediation and Related Activities - 3.8%

  
  3,887     

Capital One Financial Corp.

     462,553  
  3,438     

First Republic Bank

     484,346  
  3,962     

Signature Bank

     510,900  
  5,252     

State Street Corp.

     479,665  
  2,386     

SVB Financial Group (a)

     721,622  
  11,584     

Synchrony Financial

     425,480  
     

 

 

 
        3,084,566  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.8%

  
  5,623     

Generac Holdings, Inc. (a)

     678,134  
     

 

 

 
 

Funds, Trusts, and Other Financial Vehicles - 0.6%

  
  3,942     

T. Rowe Price Group, Inc.

     459,125  
     

 

 

 
 

General Merchandise Retailers - 1.9%

  
  5,722     

Amazon.com, Inc. (a)

     590,110  
  6,762     

Etsy, Inc. (a)

     930,316  
     

 

 

 
        1,520,426  
     

 

 

 
 

Insurance Carriers and Related Activities - 0.6%

  
  13,456     

Lincoln National Corp.

     476,746  
     

 

 

 
 

Leather and Allied Product Manufacturing - 1.4%

  
  4,376     

NIKE, Inc. Class B

     557,196  
  13,890     

Tapestry, Inc.

     632,967  
     

 

 

 
        1,190,163  
     

 

 

 
 

Machinery Manufacturing - 1.5%

  
  5,701     

Applied Materials, Inc.

     635,604  
  1,245     

Lam Research Corp.

     622,625  
     

 

 

 
        1,258,229  
     

 

 

 
 

Management of Companies and Enterprises - 1.7%

  
  74,111     

Carnival Corp. ADR (Panama) (a)

     801,881  
  41,759     

Norwegian Cruise Line Holdings Ltd. ADR (a)

     635,154  
     

 

 

 
        1,437,035  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.7%

  
  1,551     

KLA-Tencor Corp.

     608,736  
     

 

 

 
 

Mining (except Oil and Gas) - 0.7%

  
  12,242     

Freeport-McMoRan Copper & Gold, Inc.

     546,238  
     

 

 

 
 

Miscellaneous Manufacturing - 2.8%

  
  2,923     

Align Technology, Inc. (a)

     788,421  
  4,325     

DexCom, Inc. (a)

     463,164  
  1,973     

Estee Lauder Companies, Inc. Class A

     546,679  
  1,885     

Intuitive Surgical, Inc. (a)

     463,126  
     

 

 

 
        2,261,390  
     

 

 

 
 

Motion Picture and Sound Recording Industries - 0.9%

  
  1,989     

Netflix, Inc. (a)

     703,828  
     

 

 

 
 

Motor Vehicle and Parts Dealers - 0.6%

  
  6,528     

CarMax, Inc. (a)

     459,898  
     

 

 

 
 

Professional, Scientific, and Technical Services - 5.6%

  
  1,781     

Charles River Laboratories International, Inc. (a)

     433,228  
  13,819     

DXC Technology Co. (a)

     397,020  
  1,665     

EPAM Systems, Inc. (a)

     553,862  
  12,149     

Match Group, Inc. (a)

     657,504  
  5,396     

Meta Platforms, Inc. (a)

     803,842  
  2,821     

Moderna, Inc. (a)

     496,666  
  1,765     

Paycom Software, Inc. (a)

     571,754  
  1,469     

ServiceNow, Inc. (a)

     668,586  
     

 

 

 
        4,582,462  
     

 

 

 
 

Publishing Industries - 7.2%

  
  1,525     

Adobe Systems, Inc. (a)

     564,768  
  2,030     

ANSYS, Inc. (a)

     540,711  
  2,486     

Autodesk, Inc. (a)

     534,888  
  2,923     

Cadence Design Systems, Inc. (a)

     534,412  
  9,783     

Ceridian HCM Holding, Inc. (a)

     707,115  
  1,399     

Intuit, Inc.

     591,315  
  1,752     

Microsoft Corp.

     434,163  
  3,115     

PTC, Inc. (a)

     420,151  
  3,330     

Salesforce.com, Inc. (a)

     559,340  
  1,510     

Synopsys, Inc. (a)

     534,163  
  1,401     

Tyler Technologies, Inc. (a)

     452,201  
     

 

 

 
        5,873,227  
     

 

 

 
 

Rental and Leasing Services - 0.7%

  
  1,294     

United Rentals, Inc. (a)

     570,589  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.3%

  
  1,290     

Ameriprise Financial, Inc.

     451,655  
  589     

BlackRock, Inc.

     447,175  
  26,768     

Invesco Ltd. ADR (a)

     495,475  
  920     

MSCI, Inc. Class A

     489,035  
     

 

 

 
        1,883,340  
     

 

 

 
 

Support Activities for Transportation - 0.7%

  
  4,848     

Expedia, Inc. (a)

     554,126  
     

 

 

 
 

Telecommunications - 0.6%

  
  6,506     

PayPal Holdings, Inc. (a)

     530,174  
     

 

 

 
 

Transportation Equipment Manufacturing - 3.2%

  
  5,255     

Aptiv PLC ADR (United Kingdom) (a)

     594,288  
  2,473     

Boeing Co. (a)

     526,749  
  34,288     

Ford Motor Co.

     463,231  
  11,653     

General Motors Co.

     458,196  
  3,243     

Tesla Motors, Inc. (a)

     561,752  
     

 

 

 
        2,604,216  
     

 

 

 
 

Water Transportation - 0.8%

  
  11,075     

Royal Caribbean Cruises Ltd. ADR (Liberia) (a)

     719,211  
     

 

 

 
 

Web Search Portals, Libraries, Archives, and Other Information Services- 0.5%

  
  4,906     

CoStar Group, Inc. (a)

     382,177  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $51,886,019)

   $ 55,369,982  
     

 

 

 
 

SHORT TERM INVESTMENTS - 14.4%

  
 

Money Market Funds - 14.4%

  
  1,714,555     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 1,714,555  
  543,562     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     543,562  
  9,517,913     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     9,517,913  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $11,776,030)

   $ 11,776,030  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $63,662,049) - 82.1% (c)

   $ 67,146,012  
  

Other Assets in Excess of Liabilities - 17.9%

     14,581,623  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 81,727,635  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $63,648,915.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P 500® High Beta Index

   4.8500% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      2,982      $ 48,580,443      $ 2,234,625  

Total return of S&P 500® High Beta Index

   4.3300% representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      733        11,455,193        1,025,799  

Total return of S&P 500® High Beta Index

   4.8000% representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      646        10,103,782        877,392  

Total return of S&P 500® High Beta Index

   4.7500% representing 1 month SOFR rate + spread    Barclays    12/20/2023      6,746        102,855,927        11,897,967  
              

 

 

    

 

 

 
               $ 172,995,345      $ 16,035,783  
              

 

 

    

 

 

 


Direxion Daily S&P 500® High Beta Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 127.5%

  
 

Money Market Funds - 127.5%

  
  47,891,922     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 47,891,922  
  9,401,045     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     9,401,045  
  17,819,183     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     17,819,183  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $75,112,150) (b)

   $ 75,112,150  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $75,112,150) - 127.5%

   $ 75,112,150  
  

Liabilities in Excess of Other Assets - (27.5)%

     (16,219,862
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 58,892,288  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $46,375,392.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be
Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.5500% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index    Bank of America Merrill Lynch    12/8/2023      1,217      $ 20,256,295      $ (500,854

4.0500% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index    J.P. Morgan    12/12/2023      1,463        22,917,559        (1,962,514

4.1000% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index    UBS Securities LLC    12/13/2023      5,739        89,717,676        (7,932,079

4.5000% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index    Barclays    12/20/2023      1,920        29,487,436        (3,148,745
              

 

 

    

 

 

 
               $ 162,378,966      $ (13,544,192
              

 

 

    

 

 

 


Direxion Daily S&P Biotech Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 64.5%

  
 

Administrative and Support Services - 0.3%

  
  159,751     

Day One Biopharmaceuticals (a)

   $ 3,477,779  
     

 

 

 
 

Ambulatory Health Care Services - 1.4%

  
  377,662     

CareDx, Inc. (a)

     5,642,271  
  51,111     

Keros Therapeutics, Inc. (a)

     2,993,571  
  164,455     

Natera, Inc. (a)

     7,060,053  
     

 

 

 
        15,695,895  
     

 

 

 
 

Apparel Manufacturing - 0.2%

  
  398,105     

Sana Biotechnology, Inc. (a)(b)

     1,815,359  
     

 

 

 
 

Chemical Manufacturing - 42.2%

  
  102,434     

2seventy bio, Inc. (a)

     1,393,102  
  38,599     

AbbVie, Inc.

     5,703,002  
  432,969     

Acadia Pharmaceuticals Inc. (a)

     8,239,400  
  141,604     

Adicet Bio, Inc. (a)

     1,295,677  
  614,133     

ADMA Biologics, Inc. (a)

     2,266,151  
  164,646     

Agios Pharmaceuticals, Inc. (a)

     4,853,764  
  254,069     

Alkermes PLC ADR (Ireland) (a)

     7,276,536  
  26,952     

Alnylam Pharmaceuticals, Inc. (a)

     6,101,933  
  465,837     

Altimmune, Inc. (a)

     6,354,017  
  22,607     

Amgen, Inc.

     5,706,007  
  536,632     

Amicus Therapeutics, Inc. (a)

     6,997,681  
  85,707     

Arcellx, Inc. (a)

     2,863,471  
  121,052     

Arcturus Therapeutics Holdings, Inc. (a)

     2,557,829  
  151,647     

Arcus Biosciences Inc. (a)

     3,280,125  
  235,741     

Arcutis Biotherapeutics, Inc. (a)

     3,906,228  
  248,619     

Avid Bioservices, Inc. (a)

     3,935,639  
  148,979     

Beam Therapeutics, Inc. (a)

     6,473,138  
  597,308     

BioCryst Pharmaceuticals, Inc. (a)

     6,301,599  
  22,242     

Biogen, Inc. (a)

     6,470,198  
  61,212     

BioMarin Pharmaceutical, Inc. (a)

     7,060,804  
  837,792     

bluebird bio, Inc. (a)

     5,319,979  
  132,829     

Blueprint Medicines Corp. (a)

     6,208,427  
  502,044     

BridgeBio Pharma, Inc. (a)

     4,658,968  
  164,439     

Caribou Biosciences, Inc. (a)

     1,185,605  
  383,203     

Catalyst Pharmaceuticals, Inc. (a)

     5,935,815  
  111,522     

Celldex Therapeutics, Inc. (a)

     4,913,659  
  135,338     

Chinook Therapeutics, Inc. (a)

     3,419,991  
  251,945     

Cogent Biosciences, Inc. (a)

     3,794,292  
  365,100     

Coherus BioSciences, Inc. (a)

     3,096,048  
  82,807     

Crinetics Pharmaceuticals, Inc. (a)

     1,623,845  
  1,144,597     

CTI BioPharma Corp. (a)

     6,329,621  
  196,553     

Deciphera Pharmaceuticals, Inc. (a)

     3,343,367  
  220,637     

Denali Therapeutics, Inc. (a)

     6,678,682  
  189,412     

Design Therapeutics, Inc. (a)(b)

     1,486,884  
  45,509     

Eagle Pharmaceuticals, Inc. (a)

     1,544,575  
  323,359     

Emergent Biosolutions, Inc. (a)

     4,265,105  
  64,912     

Enanta Pharmaceuticals, Inc. (a)

     3,465,003  
  222,755     

ERASCA, Inc. (a)

     891,020  
  201,928     

FibroGen, Inc. (a)

     4,765,501  
  995,492     

Geron Corp. (a)

     3,285,124  
  71,298     

Gilead Sciences, Inc.

     5,984,754  
  2,155,942     

Gossamer Bio, Inc. (a)(b)

     5,691,687  
  110,214     

Halozyme Therapeutics, Inc. (a)

     5,705,779  
  64,320     

Horizon Therapeutics PLC ADR (Ireland) (a)

     7,057,190  
  366,810     

ImmunityBio, Inc. (a)(b)

     1,393,878  
  1,064,238     

Immunogen, Inc. (a)

     4,895,495  
  76,162     

Incyte Corp. (a)

     6,484,433  
  339,764     

Insmed, Inc. (a)

     7,315,119  
  165,284     

Intellia Therapeutics, Inc. (a)

     7,014,653  
  206,754     

Intercept Pharmaceuticals, Inc. (a)

     3,775,328  
  167,267     

Ionis Pharmaceuticals, Inc. (a)

     6,668,935  
  529,661     

Ironwood Pharmaceuticals, Inc. Class A (a)

     6,101,695  
  79,780     

iTeos Therapeutics, Inc. (a)

     1,667,402  
  31,902     

Karuna Therapeutics, Inc. (a)

     6,360,940  
  541,984     

Karyopharm Therapeutics, Inc. (a)

     1,788,547  
  70,965     

Kiniksa Pharmaceuticals, Ltd. ADR (a)

     1,026,154  
  47,916     

Krystal Biotech, Inc. (a)

     3,982,778  
  81,871     

Madrigal Pharmaceuticals, Inc. (a)

     23,599,316  
  997,284     

MannKind Corp. (a)

     5,455,144  
  324,182     

Mersana Therapeutics Inc. (a)

     2,133,118  
  113,839     

Mirum Pharmaceuticals, Inc. (a)

     2,672,940  
  85,295     

Morphic Holding, Inc. (a)

     2,791,705  
  215,255     

Myovant Sciences, Ltd. ADR (a)

     5,786,054  
  160,447     

Myriad Genetics, Inc. (a)

     3,164,015  
  53,406     

Neurocrine Biosciences, Inc. (a)

     5,924,328  
  379,976     

Novavax, Inc. (a)(b)

     4,145,538  
  205,974     

PMV Pharmaceuticals, Inc. (a)

     1,688,987  
  56,811     

Prometheus Biosciences, Inc. (a)

     6,457,138  
  107,551     

Prothena Corp. PLC ADR (a)

     6,082,009  
  164,455     

PTC Therapeutics, Inc. (a)

     7,546,840  
  113,765     

RAPT Therapeutics, Inc. (a)

     3,304,873  
  8,204     

Regeneron Pharmaceuticals, Inc. (a)

     6,222,488  
  111,384     

REGENXBIO, Inc. (a)

     2,585,223  
  58,269     

Replimune Group Inc. (a)

     1,622,792  
  238,024     

Rhythm Pharmaceuticals, Inc. (a)

     6,509,956  
  228,643     

Rocket Pharmaceuticals, Inc. (a)

     4,968,412  
  127,542     

Sage Therapeutics, Inc. (a)

     5,655,212  
  549,696     

Sangamo Therapeutics, Inc. (a)

     1,918,439  
  52,861     

Sarepta Therapeutics, Inc. (a)

     6,606,039  
  50,778     

Seagen, Inc. (a)

     7,082,515  
  247,095     

Seres Therapeutics, Inc. (a)

     1,351,610  
  247,631     

SpringWorks Therapeutics, Inc. (a)

     7,775,613  
  76,645     

Sutro Biopharma, Inc. (a)

     554,910  
  205,964     

Syndax Pharmaceuticals Inc. (a)

     5,911,167  
  584,722     

TG Therapeutics, Inc. (a)

     8,905,316  
  248,529     

Travere Therapeutics, Inc. (a)

     5,567,050  
  256,874     

Twist Bioscience Corp. (a)

     7,369,715  
  154,285     

Ultragenyx Pharmaceutical, Inc. (a)

     6,993,739  
  153,698     

uniQure N.V. ADR (Netherlands) (a)

     3,266,083  
  22,467     

United Therapeutics Corp. (a)

     5,912,640  
  108,919     

Vanda Pharmaceuticals, Inc. (a)

     836,498  
  219,132     

Veracyte, Inc. (a)

     5,506,787  
  135,566     

Vericel Corp. (a)

     3,723,998  
  20,290     

Vertex Pharmaceuticals, Inc. (a)

     6,555,699  
  91,170     

Viridian Therapeutics, Inc. (a)

     3,329,528  
  90,675     

Xencor, Inc. (a)

     2,985,021  
     

 

 

 
        458,631,034  
     

 

 

 
 

Hospitals - 0.1%

  
  37,462     

Nuvalent, Inc. (a)(b)

     1,133,226  
     

 

 

 
 

Merchant Wholesalers, Nondurable Goods - 2.5%

  
  146,089     

Akero Therapeutics, Inc. (a)

     7,231,406  
  254,696     

Allakos, Inc. (a)

     1,892,391  
  391,291     

Atara Biotherapeutics, Inc. (a)

     1,983,845  
  138,337     

C4 Therapeutics, Inc. (a)

     1,077,645  
  229,676     

Protagonist Therapeutics Inc. (a)

     3,052,394  
  368,808     

Relay Therapeutics, Inc. (a)

     7,914,620  
  178,287     

Zentalis Pharmaceuticals, Inc. (a)

     4,207,573  
     

 

 

 
        27,359,874  
     

 

 

 
 

Miscellaneous Manufacturing - 1.4%

  
  21,985     

Anika Therapeutics, Inc. (a)

     681,755  
  2,013,952     

Inovio Pharmaceuticals, Inc. (a)

     3,343,160  
  137,512     

MiMedx Group, Inc. (a)

     532,171  
  150,166     

Mirati Therapeutics, Inc. (a)

     8,020,366  
  1,922,224     

Ocugen, Inc. (a)(b)

     2,441,225  
     

 

 

 
        15,018,677  
     

 

 

 
 

Pharmaceuticals, Biotechnology & Life Sciences - 0.5%

  
  280,125     

Biohaven, Ltd. ADR (a)

     5,347,586  
     

 

 

 
 

Professional, Scientific, and Technical Services - 13.3%

  
  37,462     

4D Molecular Therapeutics, Inc. (a)

     788,575  
  1,361,080     

Agenus, Inc. (a)

     3,552,419  
  161,701     

Alector, Inc. (a)

     1,426,203  
  588,457     

Allogene Therapeutics, Inc. (a)

     4,542,888  
  54,702     

AnaptysBio, Inc. (a)

     1,361,533  
  361,490     

Anavex Life Sciences Corp. (a)(b)

     3,929,396  
  127,789     

Apellis Pharmaceuticals, Inc. (a)

     6,738,314  
  207,450     

Arrowhead Pharmaceuticals, Inc. (a)

     7,258,675  
  187,009     

Avidity Biosciences, Inc. (a)

     4,432,113  
  127,910     

Crispr Therapeutics AG ADR (Switzerland) (a)

     6,525,968  
  175,393     

Cytokinetics, Inc. (a)

     7,450,695  
  503,139     

Dynavax Technologies Corp. (a)

     5,725,722  
  599,611     

Editas Medicine, Inc. (a)

     5,930,153  
  140,554     

Exact Sciences Corp. (a)

     9,490,206  
  397,839     

Exelixis, Inc. (a)

     7,009,923  
  331,688     

Fate Therapeutics, Inc. (a)

     1,976,860  
  119,992     

IDEAYA Biosciences, Inc. (a)

     2,043,464  
  153,000     

Inhibrx, Inc. (a)

     3,825,000  
  309,968     

Iveric Bio, Inc. (a)

     7,160,261  
  271,310     

Kezar Life Sciences, Inc. (a)

     1,945,293  
  254,951     

Kura Oncology, Inc. (a)

     3,523,423  
  167,848     

Kymera Therapeutics, Inc. (a)

     6,274,158  
  452,285     

Lyell Immunopharma, Inc. (a)(b)

     1,478,972  
  35,351     

Moderna, Inc. (a)

     6,223,897  
  128,399     

Nurix Therapeutics, Inc. (a)

     1,578,024  
  406,584     

Recursion Pharmaceuticals, Inc. (a)

     3,386,845  
  184,713     

Revolution Medicines, Inc. (a)

     4,939,225  
  3,322,033     

Sorrento Therapeutics Inc. (a)

     3,184,169  
  147,942     

Vaxcyte, Inc. (a)

     6,709,170  
  289,954     

Verve Therapeutics, Inc. (a)

     6,596,453  
  239,788     

Vir Biotechnology, Inc. (a)

     7,085,735  
     

 

 

 
        144,093,732  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.9%

  
  185,595     

Cerevel Therapeutics Holdings, Inc. (a)

     6,338,069  
  956,370     

EQRx, Inc. (a)

     2,343,106  
  179,440     

Immunovant Inc. (a)

     3,188,649  
  231,447     

POINT Biopharma Global Inc. (a)

     1,851,576  
  199,335     

Roivant Sciences Ltd. ADR (a)(b)

     1,654,481  
  620,131     

Scilex Holding Co. (a)

     4,892,834  
     

 

 

 
        20,268,715  
     

 

 

 
 

Support Activities for Transportation - 0.7%

  
  906,522     

Iovance Biotherapeutics, Inc. (a)

     7,215,915  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $712,000,279)

   $ 700,057,792  
     

 

 

 
 

SHORT TERM INVESTMENTS - 31.7%

  
 

Money Market Funds - 31.7%

  
  193,363,625     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 193,363,625  
  101,439,555     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (c)

     101,439,555  
  3     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (c)

     3  
  49,680,681     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     49,680,681  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $344,483,864)

   $ 344,483,864  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $1,056,484,143) - 96.2% (e)

   $ 1,044,541,656  
  

Other Assets in Excess of Liabilities - 3.8%

     41,119,805  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 1,085,661,461  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $913,538,125.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be
Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of S&P Biotechnology Select Industry Index

   4.8000 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      50,000      $ 313,822,500      $ 29,072,977  

Total return of S&P Biotechnology Select Industry Index

   4.8000 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      85,736        542,038,594        46,540,688  

Total return of S&P Biotechnology Select Industry Index

   4.1000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      40,000        257,978,800        16,510,093  

Total return of S&P Biotechnology Select Industry Index

   4.5500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      57,028        366,783,162        24,385,272  

Total return of S&P Biotechnology Select Industry Index

   5.0200 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      59,443        380,829,304        27,797,178  

Total return of S&P Biotechnology Select Industry Index

   4.5200 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      39,820        253,244,849        19,859,102  

Total return of S&P Biotechnology Select Industry Index

   5.2500 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      38,741        244,596,874        20,847,056  
              

 

 

    

 

 

 
               $ 2,359,294,083      $ 185,012,366  
              

 

 

    

 

 

 


Direxion Daily S&P Biotech Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 110.4%

  
 

Money Market Funds - 110.4%

  
  101,133,990     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 101,133,990  
  30,165,441     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     30,165,441  
  13,240,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     13,240,000  
  27,279,522     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     27,279,522  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $171,818,953) (b)

   $ 171,818,953  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $171,818,953) - 110.4%

   $ 171,818,953  
  

Liabilities in Excess of Other Assets - (10.4)%

     (16,235,705
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 155,583,248  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $98,447,441.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be
Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.5000 % representing 1 month SOFR rate + spread

   Total return of S&P Biotechnology Select Industry Index    Goldman Sachs    12/7/2023      21,971      $ 147,228,082      $ (4,119,547

3.9000 % representing 1 month SOFR rate + spread

   Total return of S&P Biotechnology Select Industry Index    Bank of America Merrill Lynch    12/8/2023      4,943        31,879,730        (2,048,913

4.1500 % representing 1 month SOFR rate + spread

   Total return of S&P Biotechnology Select Industry Index    J.P. Morgan    12/12/2023      5,925        38,188,343        (2,436,865

4.5200 % representing 1 month SOFR rate + spread

   Total return of S&P Biotechnology Select Industry Index    UBS Securities LLC    12/13/2023      20,735        140,896,349        (1,873,842

4.1500 % representing 1 month SOFR rate + spread

   Total return of S&P Biotechnology Select Industry Index    Citibank N.A.    12/19/2023      5,000        31,733,350        (2,575,220

4.5500 % representing 1 month SOFR rate + spread

   Total return of S&P Biotechnology Select Industry Index    Barclays    12/20/2023      9,110        62,276,638        (431,778
              

 

 

    

 

 

 
               $ 452,202,492      $ (13,486,165
              

 

 

    

 

 

 


Direxion Daily Semiconductor Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 71.7%

  
 

Computer and Electronic Product Manufacturing - 58.1%

  
  2,622,939     

Advanced Micro Devices, Inc. (a)

   $ 197,113,866  
  761,362     

Analog Devices, Inc.

     130,550,742  
  474,943     

Broadcom, Inc.

     277,846,404  
  4,350,865     

Intel Corp.

     122,955,445  
  580,262     

Lattice Semiconductor Corp. (a)

     43,978,057  
  2,811,597     

Marvell Technology, Inc.

     121,320,411  
  1,652,200     

Microchip Technology, Inc.

     128,243,764  
  2,269,644     

Micron Technology, Inc.

     136,859,533  
  268,328     

MKS Instruments, Inc.

     27,455,321  
  190,111     

Monolithic Power Systems, Inc.

     81,093,748  
  1,545,675     

NVIDIA Corp.

     301,978,525  
  743,376     

NXP Semiconductors NV ADR (Netherlands)

     137,011,631  
  1,739,574     

ON Semiconductor Corp. (a)

     127,771,710  
  431,301     

Qorvo, Inc. (a)

     46,865,167  
  1,609,730     

Qualcomm, Inc.

     214,432,133  
  684,273     

Skyworks Solutions, Inc.

     75,044,220  
  1,150,410     

STMicroelectronics NV ADR (Netherlands)

     54,322,360  
  1,445,620     

Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Taiwan)

     134,052,343  
  665,130     

Teradyne, Inc.

     67,643,721  
  1,449,534     

Texas Instruments, Inc.

     256,871,920  
  3,151,709     

United Microelectronics Corp. ADR (Taiwan) (b)

     25,623,394  
  528,918     

Wolfspeed, Inc. (a)

     40,731,975  
     

 

 

 
        2,749,766,390  
     

 

 

 
 

Credit Intermediation and Related Activities - 0.4%

  
  2,754,974     

ASE Technology Holding Co., Ltd. ADR (Taiwan)

     19,835,813  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.4%

  
  168,124     

Synaptics, Inc. (a)

     21,020,543  
     

 

 

 
 

Machinery Manufacturing - 8.5%

  
  1,193,952     

Applied Materials, Inc.

     133,113,709  
  197,810     

ASML Holding NV ADR (Netherlands)

     130,720,760  
  277,430     

Lam Research Corp.

     138,742,743  
     

 

 

 
        402,577,212  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 3.8%

  
  634,255     

Entegris, Inc.

     51,190,721  
  332,435     

KLA-Tencor Corp.

     130,474,089  
     

 

 

 
        181,664,810  
     

 

 

 
 

Primary Metal Manufacturing - 0.5%

  
  138,486     

Silicon Laboratories, Inc. (a)

     21,729,838  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $2,973,657,240)

   $ 3,396,594,606  
     

 

 

 
 

SHORT TERM INVESTMENTS - 25.8%

  
 

Money Market Funds - 25.8%

  
  106,820,772     

Dreyfus Government Cash Management Institutional Shares, 4.23% (c)(d)

   $ 106,820,772  
  1,112,600,000     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (c)

     1,112,600,000  
  179,969     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (c)

     179,969  
  4,000,000     

JPMorgan 100% U.S. Treasury Securities Money Market Fund Institutional Shares, 4.18% (c)

     4,000,000  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $1,223,600,741)

   $ 1,223,600,741  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $4,197,257,981) - 97.5% (e)

   $ 4,620,195,347  
  

Other Assets in Excess of Liabilities - 2.5%

     116,714,108  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 4,736,909,455  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2023.

(d) 

All or a portion of this security represents an investment of securities lending collateral.

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,372,408,151.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of ICE Semiconductor Index

   5.1900 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      1,077,509      $ 668,184,565      $ 70,008,645  

Total return of ICE Semiconductor Index

   5.1500 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      5,061,899        3,253,660,521        213,374,075  

Total return of ICE Semiconductor Index

   4.9000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      1,634,793        1,077,165,108        41,216,777  

Total return of ICE Semiconductor Index

   4.6000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      2,555,363        1,614,300,280        135,014,495  

Total return of ICE Semiconductor Index

   5.0600 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      1,995,765        1,265,553,262        101,145,166  

Total return of ICE Semiconductor Index

   4.7200 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      1,820,603        1,183,300,301        63,367,773  

Total return of ICE Semiconductor Index

   5.0800 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      1,589,223        979,580,759        109,666,375  
              

 

 

    

 

 

 
               $ 10,041,744,796      $ 733,793,306  
              

 

 

    

 

 

 


Direxion Daily Semiconductor Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 122.5%

  
 

Money Market Funds - 122.5%

  
  977,382,880     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 977,382,880  
  395,820,801     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     395,820,801  
  198,173,245     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     198,173,245  
  464,396,226     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     464,396,226  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $2,035,773,152) (b)

   $ 2,035,773,152  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $2,035,773,152) - 122.5%

   $ 2,035,773,152  
  

Liabilities in Excess of Other Assets - (22.5)%

     (374,533,053
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 1,661,240,099  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,327,366,914.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.3400% representing 1 month SOFR rate + spread

   Total return of ICE Semiconductor Index    BNP Paribas    12/5/2023      955,703      $ 596,027,076      $ (59,207,520

4.4500% representing 1 month SOFR rate + spread

   Total return of ICE Semiconductor Index    Goldman Sachs    12/7/2023      2,289,924        1,516,495,545        (54,568,031

4.7000% representing 1 month SOFR rate + spread

   Total return of ICE Semiconductor Index    Bank of America Merrill Lynch    12/8/2023      577,876        373,947,318        (22,195,672

4.1500% representing 1 month SOFR rate + spread

   Total return of ICE Semiconductor Index    J.P. Morgan    12/12/2023      1,432,587        931,244,355        (49,774,476

4.7000% representing 1 month SOFR rate + spread

   Total return of ICE Semiconductor Index    UBS Securities LLC    12/13/2023      598,410        402,692,923        (8,246,032

4.4500% representing 1 month SOFR rate + spread

   Total return of ICE Semiconductor Index    Citibank N.A.    12/19/2023      494,486        298,419,237        (40,197,839

4.6300% representing 1 month SOFR rate + spread

   Total return of ICE Semiconductor Index    Barclays    12/20/2023      902,747        550,311,666        (67,922,660
              

 

 

    

 

 

 
               $ 4,669,138,120      $ (302,112,230
              

 

 

    

 

 

 


Direxion Daily Technology Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 70.7%

  
 

Administrative and Support Services - 4.2%

  
  48,798     

Automatic Data Processing, Inc.

   $ 11,019,077  
  13,837     

Broadridge Financial Solutions, Inc.

     2,080,531  
  8,671     

FleetCor Technologies, Inc. (a)

     1,810,592  
  9,302     

Gartner, Inc. (a)

     3,145,378  
  192,325     

Visa, Inc. Class A

     44,275,138  
     

 

 

 
        62,330,716  
     

 

 

 
 

Amusement, Gambling, and Recreation Industries - 0.3%

  
  31,811     

Global Payments, Inc.

     3,585,736  
     

 

 

 
 

Computer and Electronic Product Manufacturing - 34.2%

  
  189,665     

Advanced Micro Devices, Inc. (a)

     14,253,325  
  69,993     

Amphenol Corp. Class A

     5,583,342  
  60,503     

Analog Devices, Inc.

     10,374,449  
  1,617,775     

Apple, Inc.

     233,428,755  
  29,119     

Arista Networks, Inc. (a)

     3,669,576  
  47,636     

Broadcom, Inc.

     27,867,536  
  482,999     

Cisco Systems, Inc.

     23,507,561  
  15,987     

Enphase Energy, Inc. (a)

     3,539,202  
  76,275     

Fortinet, Inc. (a)

     3,992,234  
  104,131     

HP, Inc.

     3,034,377  
  485,468     

Intel Corp.

     13,719,326  
  106,353     

International Business Machines Corp.

     14,328,940  
  21,032     

Keysight Technologies, Inc. (a)

     3,772,089  
  64,693     

Microchip Technology, Inc.

     5,021,471  
  127,886     

Micron Technology, Inc.

     7,711,526  
  5,250     

Monolithic Power Systems, Inc.

     2,239,440  
  19,669     

Motorola Solutions, Inc.

     5,055,130  
  25,571     

NetApp, Inc.

     1,693,567  
  292,909     

NVIDIA Corp.

     57,225,631  
  30,467     

NXP Semiconductors NV ADR (Netherlands)

     5,615,373  
  50,859     

ON Semiconductor Corp. (a)

     3,735,594  
  11,921     

Qorvo, Inc. (a)

     1,295,336  
  131,869     

Qualcomm, Inc.

     17,566,269  
  12,488     

Roper Technologies, Inc.

     5,329,254  
  22,586     

Seagate Technology Holdings PLC ADR (Ireland)

     1,530,879  
  18,883     

Skyworks Solutions, Inc.

     2,070,899  
  6,580     

SolarEdge Technologies, Inc. (a)

     2,099,875  
  18,316     

Teradyne, Inc.

     1,862,737  
  106,759     

Texas Instruments, Inc.

     18,918,762  
  29,009     

Trimble, Inc. (a)

     1,684,263  
  37,372     

Western Digital Corp. (a)

     1,642,499  
  6,075     

Zebra Technologies Corp. Class A (a)

     1,920,794  
     

 

 

 
        505,290,011  
     

 

 

 
 

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.6%

  
  74,699     

Fiserv, Inc. (a)

     7,968,889  
     

 

 

 
 

Credit Intermediation and Related Activities - 2.9%

  
  69,802     

Fidelity National Information Services, Inc.

     5,237,942  
  99,848     

MasterCard, Inc. Class A

     37,003,669  
     

 

 

 
        42,241,611  
     

 

 

 
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.3%

  
  37,427     

TE Connectivity Ltd. ADR (Switzerland)

     4,758,843  
     

 

 

 
 

Machinery Manufacturing - 1.3%

  
  101,204     

Applied Materials, Inc.

     11,283,234  
  16,040     

Lam Research Corp.

     8,021,604  
     

 

 

 
        19,304,838  
     

 

 

 
 

Merchant Wholesalers, Durable Goods - 0.5%

  
  16,664     

KLA-Tencor Corp.

     6,540,287  
     

 

 

 
 

Nonmetallic Mineral Product Manufacturing - 0.2%

  
  89,549     

Corning, Inc.

     3,099,291  
     

 

 

 
 

Professional, Scientific, and Technical Services - 3.8%

  
  74,112     

Accenture PLC Class A ADR (Ireland)

     20,680,953  
  15,925     

CDW Corp.

     3,121,778  
  60,454     

Cognizant Technology Solutions Corp. Class A

     4,035,304  
  27,057     

DXC Technology Co. (a)

     777,348  
  6,773     

EPAM Systems, Inc. (a)

     2,253,038  
  7,029     

F5 Networks, Inc. (a)

     1,037,902  
  8,575     

Jack Henry & Associates, Inc.

     1,544,272  
  38,183     

Juniper Networks, Inc.

     1,233,311  
  37,732     

Paychex, Inc.

     4,371,629  
  5,722     

Paycom Software, Inc. (a)

     1,853,585  
  23,762     

ServiceNow, Inc. (a)

     10,814,799  
  5,514     

Teledyne Technologies, Inc. (a)

     2,339,370  
  10,861     

VeriSign, Inc. (a)

     2,368,241  
     

 

 

 
        56,431,530  
     

 

 

 
 

Publishing Industries - 18.4%

  
  54,692     

Adobe Systems, Inc. (a)

     20,254,635  
  10,242     

ANSYS, Inc. (a)

     2,728,059  
  25,397     

Autodesk, Inc. (a)

     5,464,419  
  32,263     

Cadence Design Systems, Inc. (a)

     5,898,644  
  33,158     

Intuit, Inc.

     14,014,892  
  876,866     

Microsoft Corp.

     217,296,163  
  17,981     

Synopsys, Inc. (a)

     6,360,779  
     

 

 

 
        272,017,591  
     

 

 

 
 

Publishing Industries (except Internet) - 3.1%

  
  18,499     

Akamai Technologies, Inc. (a)

     1,645,486  
  18,076     

Ceridian HCM Holding, Inc. (a)

     1,306,533  
  151,355     

Hewlett Packard Enterprise Co.

     2,441,356  
  68,193     

NortonLifeLock, Inc.

     1,569,121  
  180,782     

Oracle Corp.

     15,991,976  
  12,445     

PTC, Inc. (a)

     1,678,582  
  117,627     

Salesforce.com, Inc. (a)

     19,757,807  
  4,904     

Tyler Technologies, Inc. (a)

     1,582,864  
     

 

 

 
        45,973,725  
     

 

 

 
 

Telecommunications - 0.8%

  
  134,108     

PayPal Holdings, Inc. (a)

     10,928,461  
     

 

 

 
 

Utilities - 0.1%

  
  11,674     

First Solar, Inc. (a)

     2,073,302  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $947,954,851)

   $ 1,042,544,831  
     

 

 

 
 

SHORT TERM INVESTMENTS - 27.8%

  
 

Money Market Funds - 27.8%

  
  232,540,845     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 232,540,845  
  100,701,380     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     100,701,380  
  52,240,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     52,240,000  
  25,304,221     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     25,304,221  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $410,786,446)

   $ 410,786,446  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $1,358,741,297) - 98.5% (c)

   $ 1,453,331,277  
  

Other Assets in Excess of Liabilities - 1.5%

     22,542,930  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 1,475,874,207  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,145,085,997.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

 

Terms of Payments to be

Paid at Termination

 

Counterparty

  Termination
Date
  Contracts     Notional
Amount
    Unrealized
Appreciation
 

Total return of Technology Select Sector Index

 

5.0900 % representing

1 month SOFR rate + spread

  BNP Paribas   12/5/2023     312,700     $ 408,928,333     $ 17,518,586  

Total return of Technology Select Sector Index

 

4.8000 % representing

1 month SOFR rate + spread

  Goldman Sachs   12/7/2023     490,000       645,006,600       22,878,013  

Total return of Technology Select Sector Index

 

4.9000 % representing

1 month SOFR rate + spread

  Bank of America Merrill Lynch   12/8/2023     307,626       418,614,385       564,634  

Total return of Technology Select Sector Index

 

4.7500 % representing

1 month SOFR rate + spread

  J.P. Morgan   12/12/2023     312,693       406,312,401       21,413,076  

Total return of Technology Select Sector Index

 

4.9800 % representing

1 month SOFR rate + spread

  UBS Securities LLC   12/13/2023     307,443       414,695,342       4,244,575  

Total return of Technology Select Sector Index

 

4.9500 % representing

1 month SOFR rate + spread

  Citibank N.A.   12/19/2023     257,024       345,748,686       4,464,389  

Total return of Technology Select Sector Index

 

4.8900 % representing

1 month SOFR rate + spread

  Barclays   12/20/2023     482,608       629,800,795       29,542,873  
         

 

 

   

 

 

 
          $ 3,269,106,542     $ 100,626,146  
         

 

 

   

 

 

 


Direxion Daily Technology Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 109.7%

  
 

Money Market Funds - 109.7%

  
  96,923,145     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 96,923,145  
  21,242,780     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     21,242,780  
  15,542,088     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     15,542,088  
  46,494,762     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     46,494,762  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $180,202,775) (b)

   $ 180,202,775  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $180,202,775) - 109.7%

   $ 180,202,775  
  

Liabilities in Excess of Other Assets - (9.7)%

     (15,990,365
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 164,212,410  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $105,345,985.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

4.3400% representing 1 month SOFR rate + spread

   Total return of Technology Select Sector Index    BNP Paribas    12/5/2023      51,099      $ 66,375,046      $ (3,335,182

4.5000% representing 1 month SOFR rate + spread

   Total return of Technology Select Sector Index    Goldman Sachs    12/7/2023      67,633        87,175,877        (5,086,771

4.7000% representing 1 month SOFR rate + spread

   Total return of Technology Select Sector Index    Bank of America Merrill Lynch    12/8/2023      56,518        76,909,129        (124,673

4.3000% representing 1 month SOFR rate + spread

   Total return of Technology Select Sector Index    J.P. Morgan    12/12/2023      51,678        69,384,916        (1,150,574

4.6900% representing 1 month SOFR rate + spread

   Total return of Technology Select Sector Index    UBS Securities LLC    12/13/2023      26,979        36,225,770        (553,641

4.5500% representing 1 month SOFR rate + spread

   Total return of Technology Select Sector Index    Citibank N.A.    12/19/2023      50,190        67,515,588        (909,286

4.5300% representing 1 month SOFR rate + spread

   Total return of Technology Select Sector Index    Barclays    12/20/2023      55,384        74,644,167        (961,614
              

 

 

    

 

 

 
               $ 478,230,493      $ (12,121,741
              

 

 

    

 

 

 


Direxion Daily Transportation Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 61.1%

  
 

Administrative and Support Services - 0.9%

  
  3,483     

GXO Logistics, Inc. (a)

   $ 182,266  
  3,379     

RXO, Inc. (a)

     61,903  
     

 

 

 
        244,169  
     

 

 

 
 

Air Transportation - 9.7%

  
  3,723     

Alaska Air Group, Inc. (a)

     191,139  
  459     

Allegiant Travel Co. (a)

     39,488  
  19,077     

American Airlines Group, Inc. (a)

     307,903  
  757     

Atlas Air Worldwide Holdings, Inc. (a)

     77,373  
  18,821     

Delta Air Lines, Inc. (a)

     735,901  
  1,087     

Frontier Group Holdings, Inc. (a)

     13,674  
  1,509     

Hawaiian Holdings, Inc. (a)

     18,591  
  9,507     

JetBlue Airways Corp. (a)

     76,056  
  1,485     

Skywest, Inc. (a)

     30,829  
  17,428     

Southwest Airlines Co.

     623,399  
  3,195     

Spirit Airlines, Inc.

     63,389  
  9,597     

United Continental Holdings, Inc. (a)

     469,869  
     

 

 

 
        2,647,611  
     

 

 

 
 

Couriers and Messengers - 14.3%

  
  1,665     

Air Transport Services Group, Inc. (a)

     47,136  
  4,114     

FedEx Corp.

     797,540  
  16,485     

United Parcel Service, Inc. Class B

     3,053,517  
     

 

 

 
        3,898,193  
     

 

 

 
 

Management of Companies and Enterprises - 0.1%

  
  957     

Sun Country Airlines Holdings, Inc. (a)

     17,867  
  288     

U-Haul Holding Co.

     19,305  
     

 

 

 
        37,172  
     

 

 

 
 

Professional, Scientific, and Technical Services - 0.1%

  
  4,014     

TuSimple Holdings, Inc. (a)

     8,429  
     

 

 

 
 

Rail Transportation - 15.0%

  
  40,782     

CSX Corp.

     1,260,979  
  13,887     

Union Pacific Corp.

     2,835,587  
     

 

 

 
        4,096,566  
     

 

 

 
 

Rental and Leasing Services - 1.4%

  
  731     

Avis Budget Group, Inc. (a)

     146,229  
  4,901     

Hertz Global Holdings, Inc. (a)

     88,316  
  1,475     

Ryder System, Inc.

     139,255  
     

 

 

 
        373,800  
     

 

 

 
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.1%

  
  8,577     

Joby Aviation, Inc. (a)

     37,910  
     

 

 

 
 

Support Activities for Transportation - 8.9%

  
  3,455     

C.H. Robinson Worldwide, Inc.

     346,087  
  1,751     

Daseke, Inc. (a)

     12,222  
  4,671     

Expeditors International of Washington, Inc.

     505,169  
  781     

Forward Air Corp.

     84,231  
  958     

Hub Group, Inc. (a)

     81,689  
  2,432     

J.B. Hunt Transport Services, Inc.

     459,769  
  1,109     

Matson, Inc.

     73,327  
  2,934     

Norfolk Southern Corp.

     721,206  
  3,381     

XPO Logistics, Inc. (a)

     134,767  
     

 

 

 
        2,418,467  
     

 

 

 
 

Transit and Ground Passenger Transportation - 3.6%

  
  9,204     

Lyft, Inc. (a)

     149,565  
  26,845     

Uber Technologies, Inc. (a)

     830,316  
     

 

 

 
        979,881  
     

 

 

 
 

Truck Transportation - 5.7%

  
  717     

ArcBest Corp.

     59,834  
  1,367     

Heartland Express, Inc.

     22,993  
  4,717     

Knight-Swift Transportation Holdings, Inc. Class A

     278,775  
  1,690     

Marten Transport Ltd.

     37,332  
  2,472     

Old Dominion Freight Line, Inc.

     823,769  
  777     

Saia, Inc. (a)

     211,950  
  1,087     

Schneider National, Inc.

     28,805  
  1,725     

Werner Enterprises, Inc.

     81,023  
     

 

 

 
        1,544,481  
     

 

 

 
 

Warehousing and Storage - 0.7%

  
  1,055     

Landstar System, Inc.

     182,336  
     

 

 

 
 

Water Transportation - 0.6%

  
  281     

Eagle Bulk Shipping, Inc. ADR

     16,096  
  1,094     

Genco Shipping & Trading, Ltd. ADR

     19,845  
  1,758     

Kirby Corp. (a)

     124,431  
     

 

 

 
        160,372  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $17,634,030)

   $ 16,629,387  
     

 

 

 
 

SHORT TERM INVESTMENTS - 33.2%

  
 

Money Market Funds - 33.2%

  
  3,783,646     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 3,783,646  
  352     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     352  
  5,273,046     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     5,273,046  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $9,057,044)

   $ 9,057,044  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $26,691,074) - 94.3% (c)

   $ 25,686,431  
  

Other Assets in Excess of Liabilities - 5.7%

     1,559,870  
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 27,246,301  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $18,596,948.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

 

Terms of Payments to be

Paid at Termination

 

Counterparty

  Termination
Date
  Contracts     Notional Amount     Unrealized
Appreciation
 

Total return of S&P Transportation Select Industry FMC Capped Index

 

4.9400 % representing

1 month SOFR rate + spread

  UBS Securities LLC   12/13/2023     3,910     $ 20,338,124     $ 238,259  

Total return of S&P Transportation Select Industry FMC Capped Index

 

4.8000 % representing

1 month SOFR rate + spread

  Citibank N.A.   12/19/2023     8,415       42,978,380       1,285,270  
         

 

 

   

 

 

 
          $ 63,316,504     $ 1,523,529  
         

 

 

   

 

 

 


Direxion Daily Utilities Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

COMMON STOCKS - 69.5%

  
 

Oil and Gas Extraction - 3.7%

  
  8,166     

Dominion Energy, Inc.

   $ 519,684  
     

 

 

 
 

Utilities - 65.8%

  
  6,548     

AES Corp.

     179,481  
  2,460     

Alliant Energy Corp.

     132,914  
  2,534     

Ameren Corp.

     220,128  
  5,036     

American Electric Power Co., Inc.

     473,182  
  1,782     

American Water Works Co., Inc.

     278,865  
  1,372     

Atmos Energy Corp.

     161,265  
  6,171     

CenterPoint Energy, Inc.

     185,870  
  2,844     

CMS Energy Corp.

     179,712  
  3,479     

Consolidated Edison, Inc.

     331,583  
  3,205     

Constellation Energy Corp.

     273,579  
  1,900     

DTE Energy Co.

     221,103  
  7,548     

Duke Energy Corp.

     773,293  
  3,744     

Edison International

     257,962  
  1,995     

Entergy Corp.

     216,019  
  2,249     

Evergy, Inc.

     140,900  
  3,413     

Eversource Energy

     280,992  
  9,740     

Exelon Corp.

     410,931  
  5,324     

FirstEnergy Corp.

     218,018  
  19,478     

NextEra Energy, Inc.

     1,453,643  
  3,981     

NiSource, Inc.

     110,473  
  2,259     

NRG Energy, Inc.

     77,303  
  15,781     

PG&E Corp. (a)

     250,918  
  1,109     

Pinnacle West Capital Corp.

     82,676  
  7,217     

PPL Corp.

     213,623  
  4,891     

Public Service Enterprise Group, Inc.

     302,900  
  3,082     

Sempra Energy

     494,137  
  10,671     

Southern Co.

     722,213  
  3,092     

WEC Energy Group, Inc.

     290,617  
  5,363     

Xcel Energy, Inc.

     368,813  
     

 

 

 
        9,303,113  
     

 

 

 
  

TOTAL COMMON STOCKS (Cost $10,168,251)

   $ 9,822,797  
     

 

 

 
 

SHORT TERM INVESTMENTS - 37.1%

  
 

Money Market Funds - 37.1%

  
  1,880,646     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 1,880,646  
  144,870     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     144,870  
  3,211,051     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     3,211,051  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $5,236,567)

   $ 5,236,567  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $15,404,818) - 106.6% (c)

   $ 15,059,364  
  

Liabilities in Excess of Other Assets - (6.6)%

     (935,832
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 14,123,532  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $10,640,336.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

Total return of Utilities Select Sector Index

   4.7500 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      19,853      $ 14,133,546      $ (304,896

Total return of Utilities Select Sector Index

   4.7000 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      21,353        15,447,443        (551,206

Total return of Utilities Select Sector Index

   4.8500 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      5,280        3,780,533        (103,568
              

 

 

    

 

 

 
               $ 33,361,522      $ (959,670
              

 

 

    

 

 

 


Direxion Daily 7-10 Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 77.7%

  
  178,574     

iShares 7-10 Year Treasury Bond ETF (a)

   $ 17,716,327  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $17,809,707)

   $ 17,716,327  
     

 

 

 
 

SHORT TERM INVESTMENTS - 23.9%

  
 

Money Market Funds - 23.9%

  
  5,167,784     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 5,167,784  
  69     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (b)

     69  
  282,524     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     282,524  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $5,450,377)

   $ 5,450,377  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $23,260,084) - 101.6% (c)

   $ 23,166,704  
  

Liabilities in Excess of Other Assets - (1.6)%

     (371,190
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 22,795,514  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $20,034,548.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
 

Total return of iShares 7-10 Year Treasury Bond ETF

   3.7100 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      141,556      $ 13,867,350      $ 139,185  

Total return of iShares 7-10 Year Treasury Bond ETF

   4.4500 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      196,345        19,364,651        38,994  

Total return of iShares 7-10 Year Treasury Bond ETF

   4.5000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      143,593        14,014,500        165,053  

Total return of iShares 7-10 Year Treasury Bond ETF

   4.6000 % representing 1 month SOFR rate + spread    Barclays    12/20/2023      29,247        2,877,199        9,460  
              

 

 

    

 

 

 
               $ 50,123,700      $ 352,692  
              

 

 

    

 

 

 


Direxion Daily 7-10 Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 101.1%

  
 

Money Market Funds - 101.1%

  
  26,135,079     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 26,135,079  
  530,066     

Goldman Sachs Financial Square Government Fund Institutional Shares, 4.22% (a)

     530,066  
  4,184,808     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     4,184,808  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $30,849,953) (b)

   $ 30,849,953  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $30,849,953) - 101.1%

   $ 30,849,953  
  

Liabilities in Excess of Other Assets - (1.1)%

     (350,491
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 30,499,462  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $19,001,003.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Depreciation
 

3.4100 % representing 1 month SOFR rate + spread

   Total return of iShares 7-10 Year Treasury Bond ETF    BNP Paribas    12/5/2023      702,617      $ 69,469,915      $ (62,299

4.2500 % representing 1 month SOFR rate + spread

   Total return of iShares 7-10 Year Treasury Bond ETF    Bank of America Merrill Lynch    12/8/2023      8,495        838,119        (3,284

3.3500 % representing 1 month SOFR rate + spread

   Total return of iShares 7-10 Year Treasury Bond ETF    J.P. Morgan    12/12/2023      184,489        18,140,561        (122,609

4.2100 % representing 1 month SOFR rate + spread

   Total return of iShares 7-10 Year Treasury Bond ETF    Barclays    12/20/2023      26,680        2,622,111        (13,184
              

 

 

    

 

 

 
               $ 91,070,706      $ (201,376
              

 

 

    

 

 

 


Direxion Daily 20+ Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

INVESTMENT COMPANIES - 65.4%

  
  5,910,493     

iShares 20+ Year Treasury Bond ETF (a)

   $ 633,427,535  
     

 

 

 
  

TOTAL INVESTMENT COMPANIES (Cost $607,719,496)

   $ 633,427,535  
     

 

 

 
 

SHORT TERM INVESTMENTS - 34.9%

  
 

Money Market Funds - 34.9%

  
  234,394,186     

Dreyfus Government Cash Management Institutional Shares, 4.23% (b)

   $ 234,394,186  
  43,412,605     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (b)

     43,412,605  
  60,179,938     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (b)

     60,179,938  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $337,986,729)

   $ 337,986,729  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $945,706,225) - 100.3% (c)

   $ 971,414,264  
  

Liabilities in Excess of Other Assets - (0.3)%

     (3,587,802
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 967,826,462  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

(b) 

Represents annualized seven-day yield at January 31, 2023.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $668,074,650.

Long Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

Total return of iShares 20+ Year Treasury Bond ETF

   4.6100 % representing 1 month SOFR rate + spread    BNP Paribas    12/5/2023      3,478,471      $ 369,107,641      $ 2,417,444  

Total return of iShares 20+ Year Treasury Bond ETF

   4.2000 % representing 1 month SOFR rate + spread    Goldman Sachs    12/7/2023      3,355,527        354,154,392        4,286,581  

Total return of iShares 20+ Year Treasury Bond ETF

   4.1000 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/8/2023      1,826,708        195,685,009        (595,912

Total return of iShares 20+ Year Treasury Bond ETF

   4.6000 % representing 1 month SOFR rate + spread    J.P. Morgan    12/12/2023      2,720,589        286,282,132        4,118,919  

Total return of iShares 20+ Year Treasury Bond ETF

   4.7400 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/13/2023      5,079,087        545,549,481        (3,089,855

Total return of iShares 20+ Year Treasury Bond ETF

   4.6400 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2023      4,721,331        500,415,709        3,821,531  
              

 

 

    

 

 

 
               $ 2,251,194,364      $ 10,958,708  
              

 

 

    

 

 

 


Direxion Daily 20+ Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2023

 

Shares

          Fair Value  
 

SHORT TERM INVESTMENTS - 102.1%

  
 

Money Market Funds - 102.1%

  
  264,290,195     

Dreyfus Government Cash Management Institutional Shares, 4.23% (a)

   $ 264,290,195  
  44,757,774     

Dreyfus Treasury Securities Cash Management Institutional Shares, 4.23% (a)

     44,757,774  
  125,606,699     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 4.22% (a)

     125,606,699  
     

 

 

 
  

TOTAL SHORT TERM INVESTMENTS (Cost $434,654,668) (b)

   $ 434,654,668  
     

 

 

 
  

TOTAL INVESTMENTS (Cost $434,654,668) - 102.1%

   $ 434,654,668  
  

Liabilities in Excess of Other Assets - (2.1)%

     (8,955,481
     

 

 

 
  

TOTAL NET ASSETS - 100.0%

   $ 425,699,187  
     

 

 

 

Percentages are stated as a percent of net assets.

The geographic location of all investments is United States unless otherwise indicated.

 

(a) 

Represents annualized seven-day yield at January 31, 2023.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $259,419,378.

Short Total Return Swap Contracts (Unaudited)

January 31, 2023

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date
   Contracts      Notional
Amount
     Unrealized
Appreciation
(Depreciation)
 

4.3900 % representing 1 month SOFR rate + spread

   Total return of iShares 20+ Year Treasury Bond ETF    BNP Paribas    12/5/2023      2,511,334      $ 271,366,382      $ 2,977,417  

4.0000 % representing 1 month SOFR rate + spread

   Total return of iShares 20+ Year Treasury Bond ETF    Goldman Sachs    12/7/2023      2,095,896        223,805,386        (181,928

3.8000 % representing 1 month SOFR rate + spread

   Total return of iShares 20+ Year Treasury Bond ETF    Bank of America Merrill Lynch    12/8/2023      1,100,000        118,178,595        573,479  

4.1000 % representing 1 month SOFR rate + spread

   Total return of iShares 20+ Year Treasury Bond ETF    J.P. Morgan    12/12/2023      1,075,696        113,582,741        (1,263,082

4.4000 % representing 1 month SOFR rate + spread

   Total return of iShares 20+ Year Treasury Bond ETF    UBS Securities LLC    12/13/2023      2,072,672        224,145,821        2,695,564  

4.2000 % representing 1 month SOFR rate + spread

   Total return of iShares 20+ Year Treasury Bond ETF    Citibank N.A.    12/19/2023      3,061,135        327,702,900        704,763  
              

 

 

    

 

 

 
               $ 1,278,781,825      $ 5,506,213  
              

 

 

    

 

 

 


Valuation Measurements (Unaudited)

The Funds follows fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurement of fair value and a discussion in changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels below:

Level 1 - Quoted prices in active markets for identical securities

Level 2 - Evaluated price based on other significant observable inputs (including quoted prices for similar securities in active markets, quoted prices for identical or similar securities in inactive markets, interest rates, prepayment spreads, credit risk, etc.)

Level 3 - Significant unobservable inputs (including Fund’s own assumptions in determining fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the credit risk associated with investing in those securities.

The following is a summary of the inputs used to value the Funds’ net assets as of January 31, 2023:

 

    Asset Class     Liability Class  
    Level 1     Level 2     Level 1     Level 2  

Funds

  Investment
Companies
    Common
Stocks
    Short Term
Investments
    Cash
Equivalents
    Futures
Contracts*
    Total Return
Swap Contracts*
    Futures
Contracts*
    Total Return
Swap Contracts*
 

Direxion Auspice Broad Commodity Strategy ETF (Consolidated)

  $ —       $ —       $ 272,048,243       —       $ 9,184,893     $ —       $ (6,199   $ —    

Direxion Breakfast Commodities Strategy ETF (Consolidated)

    —         —         4,881,942       —         117,124       —         (197,174     —    

Direxion Hydrogen ETF

    —         29,986,228       4,462,265       —         —         —         —         —    

Direxion Moonshot Innovators ETF

    —         43,880,141       6,249,400       —         —         —         —         —    

Direxion mRNA ETF

    —         4,379,844       7,094       —         —         —         —         —    

Direxion Nanotechnology ETF

    —         1,316,570       169,816       —         —         —         —         —    

Direxion NASDAQ-100® Equal Weighted Index Shares

    —         499,032,787       16,037,973       —         —         —         —         —    

Direxion Work From Home ETF

    —         33,334,747       154,936       —         —         —         —         —    

Direxion Daily CSI 300 China A Share Bear 1X Shares

    —         —         14,778,152       —         —         —         —         (1,039,097

Direxion Daily S&P 500® Bear 1X Shares

    —         —         502,296,451       —         —         —         —         (18,395,373

Direxion Daily AAPL Bear 1X Shares

    —         —         24,763,212       —         —         —         —         (435,554

Direxion Daily AMZN Bear 1X Shares

    —         —         7,852,821       —         —         —         —         (856,580

Direxion Daily GOOGL Bear 1X Shares

    —         —         5,369,028       —         —         —         —         (233,414

Direxion Daily MSFT Bear 1X Shares

    —         —         3,718,931       —         —         81,704       —         (4,626

Direxion Daily TSLA Bear 1X Shares

    —         —         76,047,127       —         —         —         —         (10,370,078

Direxion Daily AAPL Bull 1.5X Shares

    1,676,794       —         8,202,642       —         —         478,964       —         (43,129

Direxion Daily AMZN Bull 1.5X Shares

    3,676,585       —         11,435,762       —         —         162,020       —         (83,128

Direxion Daily GOOGL Bull 1.5X Shares

    998,383       —         6,783,634       —         —         617,985       —         —    

Direxion Daily MSFT Bull 1.5X Shares

    1,017,508       —         4,131,537       —         —         79,247       —         (49,070

Direxion Daily TSLA Bull 1.5X Shares

    62,355,043       —         205,869,316       —         —         5,821,114       —         (3,196,379

Direxion Daily CSI 300 China A Share Bull 2X Shares

    34,228,881       —         42,909,655       —         —         9,453,479       —         —    

Direxion Daily CSI China Internet Index Bull 2X Shares

    201,443,789       —         199,529,129       —         —         46,136,004       —         —    

Direxion Daily S&P 500® Bull 2X Shares

    45,439,186       —         329,458       —         —         1,182,578       —         —    

Direxion Daily S&P 500® Equal Weight Bull 2X Shares

    2,412,507       —         830,702       —         —         147,666       —         —    

Direxion Daily MSCI Brazil Bull 2X Shares

    56,963,229       —         78,309,778       —         —         19,965,504       —         —    

Direxion Daily MSCI India Bull 2X Shares

    27,741,499       —         29,157,628       —         —         —         —         (4,214,342

Direxion Daily Cloud Computing Bull 2X Shares

    —         6,119,750       1,259,879       —         —         427,650       —         —    

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

    —         3,828,289       794,473       —         —         408,479       —         —    

Direxion Daily Energy Bull 2X Shares

    —         424,517,782       61,515,323       —         —         25,705,510       —         —    

Direxion Daily Energy Bear 2X Shares

    —         —         40,658,154       —         —         36,954       —         (3,289,053

Direxion Daily FinTech Bull 2X Shares

    —         2,151,869       591,627       —         —         301,759       —         —    

Direxion Daily Global Clean Energy Bull 2X Shares

    4,216,878       —         928,570       —         —         31,980       —         (2,385

Direxion Daily Gold Miners Index Bull 2X Shares

    268,463,397       —         256,270,036       —         —         74,549,897       —         —    

Direxion Daily Gold Miners Index Bear 2X Shares

    —         —         138,965,965       —         —         409,908       —         (12,264,727

Direxion Daily Junior Gold Miners Index Bull 2X Shares

    120,933,051       —         176,552,366       —         —         45,032,346       —         —    

Direxion Daily Junior Gold Miners Index Bear 2X Shares

    —         —         113,222,145       —         —         855,723       —         (11,793,332

Direxion Daily Metal Miners Bull 2X Shares

    —         6,989,362       2,702,821       —         —         1,033,231       —         —    

Direxion Daily Oil Services Bull 2X Shares

    —         8,720,301       4,078,104       —         —         2,078,335       —         —    

Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares

    9,274,646       —         8,349,242       —         —         2,219,379       —         —    

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

    —         407,241,364       266,765,151       —         —         33,419,542       —         —    

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares

    —         —         96,784,521       —         —         —         —         (5,905,488

Direxion Daily Select Large Caps & FANGs Bull 2X Shares

    —         7,654,787       2,493,245       —         —         682,031       —         —    


    Asset Class     Liability Class  
    Level 1     Level 2     Level 1     Level 2  

Funds

  Investment
Companies
    Common
Stocks
    Short Term
Investments
    Cash
Equivalents
    Futures
Contracts*
    Total Return
Swap Contracts*
    Futures
Contracts*
    Total Return
Swap Contracts*
 

Direxion Daily Software Bull 2X Shares

    —         3,053,242       884,808       —         —         263,229       —         —    

Direxion Daily TIPS Bull 2X Shares

    4,134,458       —         768,843       —         —         —         —         (6,462

Direxion Daily TIPS Bear 2X Shares

    —         —         6,563,171       —         —         49,195       —         —    

Direxion Daily Travel & Vacation Bull 2X Shares

    —         15,298,754       8,630,338       —         —         2,969,300       —         —    

Direxion Daily US Infrastructure Bull 2X Shares

    —         2,614,665       505,255       —         —         91,709       —         —    

Direxion Daily Mid Cap Bull 3X Shares

    39,013,433       —         22,800,652       —         —         7,306,326       —         —    

Direxion Daily S&P 500® Bull 3X Shares

    —         1,888,052,055       770,236,276       —         —         193,307,944       —         —    

Direxion Daily S&P 500® Bear 3X Shares

    —         —         1,194,059,892       —         —         —         —         (74,482,728

Direxion Daily Small Cap Bull 3X Shares

    772,300,305       —         442,238,871       —         —         161,963,529       —         —    

Direxion Daily Small Cap Bear 3X Shares

    —         —         605,321,333       —         —         —         —         (77,491,594

Direxion Daily FTSE China Bull 3X Shares

    427,101,952       —         315,864,926       —         —         101,018,212       —         (10,242,844

Direxion Daily FTSE China Bear 3X Shares

    —         —         196,473,466       —         —         1,966,645       —         (9,557,937

Direxion Daily FTSE Europe Bull 3X Shares

    12,449,756       —         20,989,968       —         —         4,578,021       —         —    

Direxion Daily MSCI Emerging Markets Bull 3X Shares

    3,752,551       —         110,053,461       —         —         15,781,974       —         —    

Direxion Daily MSCI Emerging Markets Bear 3X Shares

    —         —         30,803,470       —         —         91,669       —         (3,777,031

Direxion Daily MSCI Mexico Bull 3X Shares

    7,916,959       —         11,622,133       —         —         4,312,972       —         —    

Direxion Daily MSCI South Korea Bull 3X Shares

    16,935,002       —         18,586,625       —         —         6,239,187       —         (84,458

Direxion Daily Aerospace & Defense Bull 3X Shares

    —         128,445,935       61,935,705       —         —         11,948,450       —         —    

Direxion Daily Consumer Discretionary Bull 3X Shares

    —         17,518,965       9,820,371       —         —         4,241,011       —         —    

Direxion Daily Dow Jones Internet Bull 3X Shares

    —         89,760,070       40,876,074       —         —         24,322,870       —         —    

Direxion Daily Dow Jones Internet Bear 3X Shares

    —         —         55,588,728       —         —         —         —         (9,258,853

Direxion Daily Financial Bull 3X Shares

    —         1,327,800,550       688,169,730       —         —         236,301,106       —         —    

Direxion Daily Financial Bear 3X Shares

    —         —         185,899,198       —         —         —         —         (20,806,992

Direxion Daily Healthcare Bull 3X Shares

    —         144,997,533       64,175,635       —         —         —         —         (16,578,628

Direxion Daily Homebuilders & Supplies Bull 3X Shares

    —         126,933,499       61,487,441       —         —         43,475,921       —         —    

Direxion Daily Industrials Bull 3X Shares

    —         16,086,711       7,599,232       —         —         824,550       —         —    

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

    —         6,762,007       4,172,398       —         —         748,563       —         —    

Direxion Daily Real Estate Bull 3X Shares

    —         34,201,735       22,407,260       —         —         6,241,832       —         —    

Direxion Daily Real Estate Bear 3X Shares

    —         —         187,355,115       —         —         —         —         (25,121,034

Direxion Daily Regional Banks Bull 3X Shares

    —         117,160,622       66,009,396       —         —         15,198,058       —         —    

Direxion Daily Retail Bull 3X Shares

    —         38,412,580       20,246,907       —         —         10,979,304       —         —    

Direxion Daily S&P 500® High Beta Bull 3X Shares

    —         55,369,982       11,776,030       —         —         16,035,783       —         —    

Direxion Daily S&P 500® High Beta Bear 3X Shares

    —         —         75,112,150       —         —         —         —         (13,544,192

Direxion Daily S&P Biotech Bull 3X Shares

    —         700,057,792       344,483,864       —         —         185,012,366       —         —    

Direxion Daily S&P Biotech Bear 3X Shares

    —         —         171,818,953       —         —         —         —         (13,486,165

Direxion Daily Semiconductor Bull 3X Shares

    —         3,396,594,606       1,223,600,741       —         —         733,793,306       —         —    

Direxion Daily Semiconductor Bear 3X Shares

    —         —         2,035,773,152       —         —         —         —         (302,112,230

Direxion Daily Technology Bull 3X Shares

    —         1,042,544,831       410,786,446       —         —         100,626,146       —         —    

Direxion Daily Technology Bear 3X Shares

    —         —         180,202,775       —         —         —         —         (12,121,741

Direxion Daily Transportation Bull 3X Shares

    —         16,629,387       9,057,044       —         —         1,523,529       —         —    

Direxion Daily Utilities Bull 3X Shares

    —         9,822,797       5,236,567       —         —         —         —         (959,670

Direxion Daily 7-10 Year Treasury Bull 3X Shares

    17,716,327       —         5,450,377       —         —         352,692       —         —    

Direxion Daily 7-10 Year Treasury Bear 3X Shares

    —         —         30,849,953       —         —         —         —         (201,376

Direxion Daily 20+ Year Treasury Bull 3X Shares

    633,427,535       —         337,986,729       —         —         14,644,475       —         (3,685,767

Direxion Daily 20+ Year Treasury Bear 3X Shares

    —         —         434,654,668       —         —         6,951,223       —         (1,445,010