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NPORT-EX 2 direxionetfs_73123.htm PART F HTML

Direxion Auspice Broad Commodity Strategy ETF (Consolidated)

Schedule of Investments (Unaudited)

July 31, 2023


Shares		Fair Value
SHORT TERM INVESTMENTS - 95.2%
Money Market Funds - 95.2%
287,444,565	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	287,444,565

	TOTAL SHORT TERM INVESTMENTS (Cost $287,444,565)	$	287,444,565

	TOTAL INVESTMENTS (Cost $287,444,565) - 95.2%	$	287,444,565
	Other Assets in Excess of Liabilities - 4.8% ^(b)		14,549,148

	TOTAL NET ASSETS - 100.0%	$	301,993,713

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 Jul 31, 2023.

^(b)	$14,497,386 of cash is pledged as collateral for futures contracts.

Long Futures Contracts (Unaudited)

July 31, 2023


Reference Entity	Expiration Date		Number of Contracts		Notional Amount		Variation Margin Receivable/ (Payable), net			Unrealized Appreciation (Depreciation)
Cotton No. 2		12/6/2023		843	$	35,709,480	$	193,890		$	(1,334,744	)
Gasoline RBOB		9/29/2023		242		26,680,500		187,017			2,120,139
Gold		12/27/2023		214		42,996,880		199,020			123,528
NY Harbor ULSD		11/30/2023		242		28,988,744		232,756			1,404,219
Silver		9/27/2023		191		23,848,260		450,760			1,838,519
Soybean		9/14/2023		414		28,369,350		(1,293,750	)		(1,281,103	)
Sugar #11		6/28/2024		902		22,397,021		70,717			(808,836	)
Wheat		12/14/2023		470		16,256,125		(851,875	)		(1,173,263	)

					$	225,246,360	$	(811,465	)	$	888,459

All futures contracts held by Direxion BCS Fund Ltd.

Direxion HCM Tactical Enhanced US ETF

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 80.3%
	Accommodation - 0.3%
	804	Caesars Entertainment Inc. ^(a)	$	47,452
	990	Hilton Worldwide Holdings, Inc.		153,935
	2,658	Host Hotels & Resorts, Inc.		48,907
	1,229	Las Vegas Sands Corp. ^(a)		73,506
	964	Marriott International, Inc. Class A		194,545
	1,128	MGM Resorts International		57,269

				575,614

	Administrative and Support Services - 1.9%
	328	Allegion PLC ADR (Ireland)		38,330
	5,500	Amcor PLC ADR (United Kingdom)		56,430
	1,544	Automatic Data Processing, Inc.		381,769
	139	Booking Holdings, Inc. ^(a)		412,941
	442	Broadridge Financial Solutions, Inc.		74,221
	459	Equifax, Inc.		93,673
	144	FactSet Research System, Inc.		62,646
	276	FleetCor Technologies, Inc. ^(a)		68,699
	295	Gartner, Inc. ^(a)		104,309
	1,090	Iron Mountain, Inc.		66,926
	538	Live Nation Entertainment, Inc. ^(a)		47,209
	589	Moody’s Corp.		207,770
	404	Robert Half International, Inc.		29,957
	865	Rollins, Inc.		35,318
	6,049	Visa, Inc. Class A		1,438,029
	1,383	Waste Management, Inc.		226,521

				3,344,748

	Air Transportation - 0.2%
	478	Alaska Air Group, Inc. ^(a)		23,245
	2,440	American Airlines Group, Inc. ^(a)		40,870
	2,402	Delta Air Lines, Inc.		111,117
	2,225	Southwest Airlines Co.		76,006
	1,227	United Continental Holdings, Inc. ^(a)		66,638

				317,876

	Ambulatory Health Care Services - 0.1%
	207	DaVita, Inc. ^(a)		21,112
	331	Laboratory Corp. of America Holdings		70,811
	218	Molina Healthcare, Inc. ^(a)		66,379
	419	Quest Diagnostics, Inc.		56,653
	4,482	Viatris, Inc.		47,195

				262,150

	Amusement, Gambling, and Recreation Industries - 0.4%
	980	Global Payments, Inc.		108,045
	6,830	The Walt Disney Co. ^(a)		607,119
	386	Wynn Resorts Ltd.		42,066

				757,230

	Apparel Manufacturing - 0.0%^(†)
	154	Ralph Lauren Corp.		20,225
	1,235	VF Corp.		24,465

				44,690

	Beverage and Tobacco Product Manufacturing - 1.8%
	6,673	Altria Group, Inc.		303,088
	14,550	Coca-Cola Co.		901,082
	602	Constellation Brands, Inc. Class A		164,226
	3,148	Keurig Dr Pepper, Inc.		107,063
	702	Molson Coors Brewing Co. Class B		48,979
	2,856	Monster Beverage Corp. ^(a)		164,191
	5,150	PepsiCo, Inc.		965,419
	5,802	Philip Morris International, Inc.		578,575

				3,232,623

	Broadcasting and Content Providers - 0.6%
	389	Charter Communications, Inc. ^(a)		157,619
	15,549	Comcast Corp. Class A		703,748
	1,006	FOX Corp. Class A		33,651
	511	FOX Corp. Class B		16,050
	1,895	ViacomCBS, Inc. Class B		30,377
	8,287	Warner Bros Discovery, Inc. ^(a)		108,311

				1,049,756

	Building Material and Garden Equipment and Supplies Dealers - 1.1%
	2,230	Lowe’s Companies, Inc.		522,422
	198	Snap-on, Inc.		53,943
	3,786	The Home Depot, Inc.		1,263,918
	410	Tractor Supply Co.		91,836

				1,932,119

	Chemical Manufacturing - 6.1%
	6,596	AbbVie, Inc.		986,630
	830	Air Products & Chemicals, Inc.		253,424
	439	Albemarle Corp.		93,191
	1,998	Amgen, Inc.		467,832
	541	Biogen, Inc. ^(a)		146,173
	588	Bio-Techne Corp.		49,039
	7,853	Bristol-Myers Squibb Co.		488,378
	674	Catalent, Inc. ^(a)		32,702
	373	Celanese Corp.		46,770
	729	CF Industries Holdings, Inc.		59,836
	914	Church & Dwight Co., Inc.		87,442
	463	Clorox Co.		70,135
	3,101	Colgate-Palmolive Co.		236,482
	1,717	DuPont de Nemours, Inc.		133,291
	446	Eastman Chemical Co.		38,169
	927	Ecolab, Inc.		169,771
	2,945	Eli Lilly and Company		1,338,650
	468	FMC Corp.		45,036
	4,663	Gilead Sciences, Inc.		355,041
	693	Incyte Corp. ^(a)		44,158
	2,093	IntercontinentalExchange, Inc.		240,276
	954	International Flavors & Fragrances, Inc.		80,718
	1,261	Kimberly-Clark Corp.		162,795
	1,830	Linde PLC (Ireland)		714,926
	949	LyondellBasell Industries N.V. Class A ADR (Netherlands)		93,818
	9,486	Merck & Co., Inc.		1,011,682
	1,242	Mosaic Co.		50,624
	954	Organon & Co.		20,969
	21,105	Pfizer, Inc.		761,046
	879	PPG Industries, Inc.		126,488
	8,811	Procter & Gamble Co.		1,377,159
	404	Regeneron Pharmaceuticals, Inc. ^(a)		299,732
	540	Sealed Air Corp.		24,635
	963	Vertex Pharmaceuticals, Inc. ^(a)		339,303
	277	West Pharmaceutical Services, Inc.		101,947
	1,728	Zoetis, Inc.		325,020

				10,873,288

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.3%
	855	Bath & Body Works, Inc.		31,686
	1,279	Ross Stores, Inc.		146,625
	4,305	TJX Companies, Inc.		372,512

				550,823

	Computer and Electronic Product Manufacturing - 18.1%
	6,020	Advanced Micro Devices, Inc. ^(a)		688,688
	1,105	Agilent Technologies, Inc.		134,556
	22,210	Alphabet, Inc. Class A ^(a)		2,947,711
	19,105	Alphabet, Inc. Class C ^(a)		2,543,067
	861	AMETEK, Inc.		136,555
	2,226	Amphenol Corp. Class A		196,578
	1,890	Analog Devices, Inc.		377,112
	55,272	Apple, Inc.		10,858,184
	934	Arista Networks, Inc. ^(a)		144,854
	79	Bio-Rad Laboratories, Inc. ^(a)		32,024
	1,559	Broadcom, Inc.		1,400,995
	15,311	Cisco Systems, Inc.		796,784
	2,483	Danaher Corp.		633,314
	512	Enphase Energy, Inc. ^(a)		77,737
	2,435	Fortinet, Inc. ^(a)		189,248
	1,321	Fortive Corp.		103,500
	1,462	GE HealthCare Technologies, Inc.		114,036
	921	Hologic, Inc. ^(a)		73,146
	3,242	HP, Inc.		106,435
	310	IDEXX Laboratories, Inc. ^(a)		171,966
	590	Illumina, Inc. ^(a)		113,369
	15,592	Intel Corp.		557,726
	3,394	International Business Machines Corp.		489,347
	667	Keysight Technologies, Inc. ^(a)		107,440
	709	L3 Harris Technologies, Inc.		134,348
	2,048	Microchip Technology, Inc.		192,389
	4,092	Micron Technology, Inc.		292,128
	169	Monolithic Power Systems, Inc.		94,554
	626	Motorola Solutions, Inc.		179,430
	799	NetApp, Inc.		62,330
	534	Northrop Grumman Corp.		237,630
	9,246	NVIDIA Corp.		4,320,563
	971	NXP Semiconductors NV ADR (Netherlands)		216,514
	1,614	ON Semiconductor Corp. (a)		173,909
	1,545	Otis Worldwide Corp.		140,533
	469	PerkinElmer, Inc.		57,664
	373	Qorvo, Inc. ^(a)		41,038
	4,164	Qualcomm, Inc.		550,356
	5,462	Raytheon Technologies Corp.		480,274
	399	Roper Technologies, Inc.		196,727
	720	Seagate Technology Holdings PLC ADR (Ireland)		45,720
	594	Skyworks Solutions, Inc.		67,936
	211	SolarEdge Technologies, Inc. ^(a)		50,948
	579	Teradyne, Inc.		65,392
	3,393	Texas Instruments, Inc.		610,740
	1,443	Thermo Fisher Scientific, Inc.		791,716
	927	Trimble, Inc. ^(a)		49,873
	221	Waters Corp. ^(a)		61,042
	1,197	Western Digital Corp. ^(a)		50,944
	193	Zebra Technologies Corp. Class A ^(a)		59,436

				32,218,506

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.2%
	2,308	Fiserv, Inc. ^(a)		291,293

	Construction of Buildings - 0.2%
	1,159	D.R. Horton, Inc.		147,216
	949	Lennar Corp. Class A		120,362
	11	NVR, Inc. ^(a)		69,371
	834	PulteGroup, Inc.		70,381

				407,330

	Couriers and Messengers - 0.4%
	864	FedEx Corp.		233,237
	2,709	United Parcel Service, Inc. Class B		506,935

				740,172

	Credit Intermediation and Related Activities - 3.9%
	2,224	American Express Co.		375,589
	25,918	Bank of America Corp.		829,376
	2,684	Bank of New York Mellon Corp.		121,746
	1,428	Capital One Financial Corp.		167,105
	7,277	Citigroup, Inc.		346,822
	1,809	Citizens Financial Group, Inc.		58,358
	492	Comerica, Inc.		26,548
	950	Discover Financial Services		100,273
	2,216	Fidelity National Information Services, Inc.		133,802
	2,545	Fifth Third Bancorp		74,060
	5,397	Huntington Bancshares, Inc.		66,059
	10,924	JPMorgan Chase & Co.		1,725,555
	3,497	KeyCorp		43,048
	619	M&T Bank Corp.		86,573
	3,128	MasterCard, Inc. Class A		1,233,308
	779	Northern Trust Corp.		62,414
	1,492	PNC Financial Services Group, Inc.		204,240
	3,509	Regions Financial Corp.		71,478
	1,250	State Street Corp.		90,550
	1,602	Synchrony Financial		55,333
	4,979	Truist Financial Corp.		165,402
	5,214	U.S. Bancorp		206,892
	14,027	Wells Fargo & Co.		647,486
	553	Zions Bancorp		21,152

				6,913,169

	Electrical Equipment, Appliance, and Component Manufacturing - 0.4%
	466	A.O. Smith Corp.		33,845
	262	Axon Enterprise, Inc. ^(a)		48,714
	2,136	Emerson Electric Co.		195,124
	233	Generac Holdings, Inc. ^(a)		35,812
	430	Rockwell Automation, Inc.		144,605
	1,179	TE Connectivity Ltd. ADR (Switzerland)		169,175
	205	Whirlpool Corp.		29,573

				656,848

	Fabricated Metal Product Manufacturing - 0.2%
	1,177	Ball Corp.		69,078
	940	Nucor Corp.		161,765
	616	Pentair PLC ADR (Ireland)		42,812
	572	Stanley Black & Decker, Inc.		56,782

				330,437

	Food and Beverage Retailers - 0.1%
	2,440	Kroger Co.		118,682

	Food Manufacturing - 0.8%
	2,036	Archer-Daniels-Midland Co.		172,979
	563	Bunge Ltd. ADR		61,181
	750	Campbell Soup Co.		34,365
	2,197	General Mills, Inc.		164,204
	1,082	Hormel Foods Corp.		44,232
	962	Kellogg Co.		64,348
	544	Lamb Weston Holdings, Inc.		56,375
	938	McCormick & Co, Inc.		83,932
	5,092	Mondelez International, Inc.		377,470
	550	The Hershey Co.		127,221
	400	The J.M. Smucker Co.		60,260
	2,983	The Kraft Heinz Co.		107,925
	1,067	Tyson Foods, Inc. Class A		59,453

				1,413,945

	Food Services and Drinking Places - 1.0%
	102	Chipotle Mexican Grill, Inc. ^(a)		200,153
	453	Darden Restaurants, Inc.		76,521
	133	Domino’s Pizza, Inc.		52,766
	2,730	McDonald’s Corp.		800,436
	4,286	Starbucks Corp.		435,329
	1,047	Yum! Brands, Inc.		144,140

				1,709,345

	Funds, Trusts, and Other Financial Vehicles - 0.1%
	572	Garmin Ltd. ADR (Switzerland)		60,569
	839	T. Rowe Price Group, Inc.		103,415

				163,984

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0%^(†)
	728	Best Buy Co., Inc.		60,460

	Gasoline Stations and Fuel Dealers - 0.6%
	6,514	Chevron Corp.		1,066,081

	General Merchandise Retailers - 3.8%
	33,370	Amazon.com, Inc. ^(a)		4,460,902
	1,657	Costco Wholesale Corp.		929,030
	819	Dollar General Corp.		138,296
	777	Dollar Tree, Inc. ^(a)		119,915
	2,000	eBay, Inc.		89,020
	462	Etsy, Inc. ^(a)		46,962
	1,726	Target Corp.		235,547
	5,243	Wal-Mart Stores, Inc.		838,146

				6,857,818

	Health and Personal Care Retailers - 0.3%
	4,794	CVS Health Corp.		358,064
	188	Ulta Salon, Cosmetics & Fragrance, Inc. ^(a)		83,622
	2,676	Walgreens Boots Alliance, Inc.		80,200

				521,886

	Hospitals - 0.1%
	771	HCA Healthcare, Inc.		210,336
	235	Universal Health Services, Inc. Class B		32,656

				242,992

	Insurance Carriers and Related Activities - 4.5%
	2,056	Aflac, Inc.		148,731
	983	Allstate Corp.		110,764
	2,705	American International Group, Inc.		163,057
	764	Aon PLC ADR (United Kingdom)		243,334
	1,391	Arch Capital Group Ltd. ADR ^(a)		108,067
	801	Arthur J. Gallagher & Co.		172,055
	199	Assurant, Inc.		26,767
	6,667	Berkshire Hathaway, Inc. Class B ^(a)		2,346,517
	879	Brown & Brown, Inc.		61,926
	2,052	Centene Corp. ^(a)		139,721
	1,548	Chubb Limited ADR (Switzerland)		316,427
	1,106	Cigna Corp.		326,381
	587	Cincinnati Financial Corp.		63,149
	885	Elevance Health, Inc.		417,393
	161	Everest Re Group Ltd. ADR		58,042
	332	Globe Life, Inc.		37,240
	1,159	Hartford Financial Services Group, Inc.		83,309
	467	Humana, Inc.		213,340
	576	Lincoln National Corp.		16,151
	708	Loews Corp.		44,356
	1,849	Marsh & McLennan Companies, Inc.		348,389
	2,404	MetLife, Inc.		151,380
	844	Principal Financial Group, Inc.		67,410
	2,187	Progressive Corp.		275,518
	1,364	Prudential Financial, Inc.		131,612
	863	Travelers Companies, Inc.		148,962
	3,480	UnitedHealth Group, Inc.		1,762,168
	751	W.R. Berkley Corp.		46,329
	399	Willis Towers Watson PLC (Ireland)		84,321

				8,112,816

	Leather and Allied Product Manufacturing - 0.3%
	4,606	NIKE, Inc. Class B		508,456
	866	Tapestry, Inc.		37,368

				545,824

	Machinery Manufacturing - 2.0%
	3,159	Applied Materials, Inc.		478,873
	3,785	Baker Hughes Co.		135,465
	3,121	Carrier Global Corp.		185,856
	1,926	Caterpillar, Inc.		510,717
	529	Cummins, Inc.		137,963
	1,008	Deere & Co.		433,037
	4,071	General Electric Co.		465,071
	282	IDEX Corp.		63,678
	1,513	Ingersoll Rand, Inc.		98,754
	502	Lam Research Corp.		360,682
	82	Mettler-Toledo International, Inc. ^(a)		103,113
	202	Nordson Corp.		50,825
	480	Parker Hannifin Corp.		196,805
	852	Trane Technologies PLC ADR (Ireland)		169,923
	894	Xylem, Inc.		100,798

				3,491,560

	Management of Companies and Enterprises - 0.5%
	6,500	Abbott Laboratories		723,645
	3,756	Carnival Corp. ADR (Panama) ^(a)		70,763
	1,585	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		34,981

				829,389

	Merchant Wholesalers, Durable Goods - 0.7%
	323	Cintas Corp.		162,159
	1,603	Copart, Inc. ^(a)		141,689
	2,134	Fastenal Co.		125,074
	525	Genuine Parts Co.		81,753
	490	Henry Schein, Inc. ^(a)		38,607
	150	Huntington Ingalls Industries, Inc.		34,450
	2,565	Johnson Controls International PLC ADR (Ireland)		178,396
	513	KLA-Tencor Corp.		263,656
	950	LKQ Corp.		52,051
	198	Mohawk Industries, Inc. ^(a)		21,055
	147	Pool Corp.		56,557
	168	W.W. Grainger, Inc.		124,066
	958	WestRock Co.		31,892

				1,311,405

	Merchant Wholesalers, Nondurable Goods - 0.7%
	605	AmerisourceBergen Corp.		113,075
	684	Brown Forman Corp. Class B		48,290
	952	Cardinal Health, Inc.		87,079
	1,783	ConAgra Brands, Inc.		58,500
	1,034	Illinois Tool Works, Inc.		272,273
	507	McKesson Corp.		204,017
	1,893	Sysco Corp.		144,455
	877	The Sherwin Williams Co.		242,491

				1,170,180

	Mining (except Oil and Gas) - 0.3%
	5,359	Freeport-McMoRan Copper & Gold, Inc.		239,279
	232	Martin Marietta Materials, Inc.		103,579
	2,972	Newmont Mining Corp.		127,558
	498	Vulcan Materials Co.		109,809

				580,225

	Miscellaneous Manufacturing - 2.8%
	2,062	3M Co.		229,913
	266	Align Technology, Inc. ^(a)		100,519
	1,890	Baxter International, Inc.		85,485
	1,062	Becton, Dickinson & Co.		295,894
	5,375	Boston Scientific Corp. ^(a)		278,694
	794	Dentsply Sirona, Inc.		32,967
	1,450	DexCom, Inc. ^(a)		180,612
	523	Dover Corp.		76,342
	2,267	Edwards Lifesciences Corp. ^(a)		186,053
	866	Estee Lauder Companies, Inc. Class A		155,880
	487	Hasbro, Inc.		31,441
	261	Insulet Corp. ^(a)		72,232
	1,310	Intuitive Surgical, Inc. ^(a)		424,964
	9,716	Johnson & Johnson		1,627,721
	4,973	Medtronic PLC ADR (Ireland)		436,430
	549	ResMed, Inc.		122,070
	370	Steris PLC ADR (Ireland)		83,453
	1,263	Stryker Corp.		357,947
	176	Teleflex, Inc.		44,206
	754	Textron, Inc.		58,639
	185	The Cooper Companies, Inc.		72,383
	780	Zimmer Biomet Holdings, Inc.		107,757

				5,061,602

	Motion Picture and Sound Recording Industries - 0.5%
	1,661	Netflix, Inc. ^(a)		729,129
	592	Take-Two Interactive Software, Inc. ^(a)		90,541

				819,670

	Motor Vehicle and Parts Dealers - 0.2%
	222	Advance Auto Parts, Inc.		16,515
	68	AutoZone, Inc. ^(a)		168,757
	591	CarMax, Inc. ^(a)		48,822
	228	O’Reilly Automotive, Inc. ^(a)		211,080

				445,174

	National Security and International Affairs - 0.0%^(†)
	513	Leidos Holdings, Inc.		47,981

	Nonmetallic Mineral Product Manufacturing - 0.1%
	2,860	Corning, Inc.		97,068

	Oil and Gas Extraction - 0.7%
	1,153	APA Corp.		46,685
	2,832	Coterra Energy, Inc.		77,993
	2,398	Devon Energy Corp.		129,492
	3,125	Dominion Energy, Inc.		167,344
	2,185	EOG Resources, Inc.		289,578
	1,351	EQT Corp.		56,985
	2,309	Marathon Oil Corp.		60,658
	2,685	Occidental Petroleum Corp.		169,504
	1,716	Phillips 66		191,420

				1,189,659

	Paper Manufacturing - 0.0%^(†)
	336	Packaging Corp of America		51,526

	Performing Arts, Spectator Sports, and Related Industries - 0.2%
	2,674	Activision Blizzard, Inc.		248,040
	974	Electronic Arts, Inc.		132,805

				380,845

	Petroleum and Coal Products Manufacturing - 1.4%
	4,525	ConocoPhillips		532,683
	15,115	Exxon Mobil Corp.		1,620,933
	1,586	Marathon Petroleum Corp.		210,970
	1,351	Valero Energy Corp.		174,157

				2,538,743

	Pipeline Transportation - 0.1%
	4,555	Williams Companies, Inc.		156,920

	Plastics and Rubber Products Manufacturing - 0.0%^(†)
	301	Avery Dennison Corp.		55,387
	1,408	Newell Rubbermaid, Inc.		15,713

				71,100

	Primary Metal Manufacturing - 0.1%
	1,374	Howmet Aerospace, Inc.		70,266
	600	Steel Dynamics, Inc.		63,948

				134,214

	Professional, Scientific, and Technical Services - 3.8%
	2,361	Accenture PLC Class A (Ireland)		746,902
	504	CDW Corp.		94,283
	192	Charles River Laboratories International, Inc. ^(a)		40,232
	1,896	Cognizant Technology Solutions Corp. Class A		125,193
	851	DXC Technology Co. ^(a)		23,530
	1,491	Eaton Corp PLC ADR (Ireland)		306,132
	217	EPAM Systems, Inc. ^(a)		51,388
	790	Extra Space Storage, Inc.		110,260
	226	F5 Networks, Inc. ^(a)		35,762
	1,297	International Paper Co.		46,770
	1,444	Interpublic Group of Companies, Inc.		49,428
	694	IQVIA Holdings, Inc. ^(a)		155,289
	272	Jack Henry & Associates, Inc.		45,579
	475	Jacobs Solutions, Inc.		59,570
	1,203	Juniper Networks, Inc.		33,443
	1,041	Match Group, Inc. ^(a)		48,417
	8,270	Meta Platforms, Inc. ^(a)		2,634,822
	1,226	Moderna, Inc. ^(a)		144,251
	746	Omnicom Group, Inc.		63,127
	5,752	Oracle Corp.		674,307
	1,131	Palto Alto Networks, Inc. ^(a)		282,705
	1,200	Paychex, Inc.		150,564
	182	Paycom Software, Inc.		67,114
	762	ServiceNow, Inc. ^(a)		444,246
	177	Teledyne Technologies, Inc. ^(a)		68,062
	338	VeriSign, Inc. ^(a)		71,301
	541	Verisk Analytics, Inc. Class A		123,857

				6,696,534

	Publishing Industries - 7.2%
	1,716	Adobe Systems, Inc. ^(a)		937,228
	569	Akamai Technologies, Inc. ^(a)		53,771
	323	Ansys, Inc. ^(a)		110,498
	800	Autodesk, Inc. ^(a)		169,592
	1,019	Cadence Design Systems, Inc. ^(a)		238,456
	579	Ceridian HCM Holding, Inc. ^(a)		40,999
	93	Fair Isaac Corp. ^(a)		77,931
	4,845	Hewlett Packard Enterprise Co.		84,206
	1,049	Intuit, Inc.		536,773
	27,797	Microsoft Corp.		9,337,568
	1,425	News Corp. Class A		28,244
	440	News Corp. Class B		8,848
	2,126	NortonLifeLock, Inc.		41,351
	399	PTC, Inc. ^(a)		58,178
	3,660	Salesforce.com, Inc. ^(a)		823,537
	569	Synopsys, Inc. ^(a)		257,074
	158	Tyler Technologies, Inc. ^(a)		62,668

				12,866,922

	Rail Transportation - 0.4%
	7,599	CSX Corp.		253,199
	2,280	Union Pacific Corp.		529,005

				782,204

	Real Estate - 1.6%
	588	Alexandria Real Estate Equities, Inc.		73,900
	1,743	American Tower Corp.		331,710
	531	AvalonBay Communities, Inc.		100,173
	533	Boston Properties, Inc.		35,514
	400	Camden Property Trust		43,636
	1,161	CBRE Group, Inc. Class A ^(a)		96,723
	1,621	Crown Castle International Corp.		175,538
	1,089	Digital Realty Trust, Inc.		135,711
	1,275	Equity Residential		84,074
	240	Essex Property Trust, Inc.		58,452
	274	Federal Realty Investment Trust		27,817
	2,045	Healthpeak Properties, Inc.		44,642
	2,172	Invitation Homes, Inc.		77,106
	2,317	Kimco Realty Corp.		46,942
	437	Mid-America Apartment Communities, Inc.		65,401
	3,452	Prologis, Inc.		430,637
	591	Public Storage		166,514
	2,517	Realty Income Corp.		153,462
	575	Regency Centers Corp.		37,680
	1,223	Simon Property Group, Inc.		152,386
	1,156	UDR, Inc.		47,257
	1,496	Ventas, Inc.		72,586
	3,755	VICI Properties, Inc.		118,207
	1,858	Welltower, Inc.		152,635
	2,738	Weyerhaeuser Co.		93,256

				2,821,959

	Rental and Leasing Services - 0.1%
	257	United Rentals, Inc.		119,423

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.8%
	390	Ameriprise Financial, Inc.		135,896
	560	BlackRock, Inc.		413,756
	396	CBOE Holdings, Inc.		55,313
	5,556	Charles Schwab Corp.		367,252
	1,344	CME Group, Inc.		267,402
	2,644	Dow, Inc.		149,307
	1,067	Franklin Resources, Inc.		31,199
	1,243	Goldman Sachs Group, Inc.		442,346
	1,714	Invesco Ltd. ADR ^(a)		28,795
	142	MarketAxess Holdings, Inc.		38,229
	4,870	Morgan Stanley		445,897
	299	MSCI, Inc. Class A		163,876
	1,266	NASDAQ OMX Group, Inc.		63,920
	713	Raymond James Financial, Inc.		78,480
	1,227	S&P Global, Inc.		484,064

				3,165,732

	Specialty Trade Contractors - 0.1%
	543	Quanta Services, Inc.		109,480

	Support Activities for Agriculture and Forestry - 0.1%
	2,657	Corteva, Inc.		149,935

	Support Activities for Mining - 0.5%
	678	Diamondback Energy, Inc.		99,883
	3,373	Halliburton Co.		131,817
	1,033	Hess Corp.		156,737
	873	Pioneer Natural Resources Co.		197,010
	5,329	Schlumberger Ltd. ADR (Curaco) ^(a)		310,894
	844	Targa Resources Corp.		69,199

				965,540

	Support Activities for Transportation - 0.2%
	436	C.H. Robinson Worldwide, Inc.		43,678
	533	Expedia, Inc. ^(a)		65,309
	571	Expeditors International of Washington, Inc.		72,688
	310	J.B. Hunt Transport Services, Inc.		63,221
	850	Norfolk Southern Corp.		198,552

				443,448

	Telecommunications - 1.1%
	26,725	AT&T, Inc.		388,047
	349	Equinix, Inc.		282,662
	4,171	PayPal Holdings, Inc. ^(a)		316,245
	406	SBA Communications Corp.		88,894
	2,152	T-Mobile US, Inc. ^(a)		296,481
	15,716	Verizon Communications, Inc.		535,601

				1,907,930

	Transportation Equipment Manufacturing - 2.9%
	1,011	Aptiv PLC ADR (United Kingdom) ^(a)		110,694
	2,114	Boeing Co. ^(a)		504,929
	875	BorgWarner, Inc.		40,688
	14,692	Ford Motor Co.		194,081
	840	General Dynamics Corp.		187,807
	5,197	General Motors Co.		199,409
	2,488	Honeywell International, Inc.		482,995
	842	Lockheed Martin Corp.		375,844
	1,954	Paccar, Inc.		168,298
	10,071	Tesla Motors, Inc. ^(a)		2,693,288
	196	TransDigm Group, Inc.		176,345
	673	Wabtec Corp.		79,710

				5,214,088

	Truck Transportation - 0.1%
	336	Old Dominion Freight Line, Inc.		140,949

	Utilities - 2.1%
	2,503	AES Corp.		54,140
	941	Alliant Energy Corp.		50,569
	982	Ameren Corp.		84,128
	1,924	American Electric Power Co., Inc.		163,040
	728	American Water Works Co., Inc.		107,329
	540	Atmos Energy Corp.		65,723
	2,359	CenterPoint Energy, Inc.		70,982
	1,090	CMS Energy Corp.		66,566
	1,295	Consolidated Edison, Inc.		122,844
	1,213	Constellation Energy Corp.		117,237
	771	DTE Energy Co.		88,125
	2,881	Duke Energy Corp.		269,719
	1,433	Edison International		103,119
	790	Entergy Corp.		81,133
	858	Evergy, Inc.		51,454
	1,304	Eversource Energy		94,318
	3,717	Exelon Corp.		155,594
	371	First Solar, Inc. ^(a)		76,945
	2,035	FirstEnergy Corp.		80,159
	7,374	Kinder Morgan, Inc.		130,594
	7,564	NextEra Energy, Inc.		554,441
	1,544	NiSource, Inc.		42,985
	860	NRG Energy, Inc.		32,671
	1,672	Oneok, Inc.		112,091
	6,043	PG&E Corp. ^(a)		106,417
	424	Pinnacle West Capital Corp.		35,116
	2,756	PPL Corp.		75,873
	1,865	Public Service Enterprise Group, Inc.		117,719
	1,177	Sempra Energy		175,397
	4,077	Southern Co.		294,930
	1,180	WEC Energy Group, Inc.		106,035
	2,058	Xcel Energy, Inc.		129,098

				3,816,491

	Waste Management and Remediation Services - 0.1%
	769	Republic Services, Inc.		116,204

	Water Transportation - 0.0%^(†)
	822	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		89,688

	Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%
	1,527	CoStar Group, Inc. ^(a)		128,222

	Wood Product Manufacturing - 0.0%^(†)
	841	Masco Corp.		51,032

		TOTAL COMMON STOCKS (Cost $137,060,215)	$	143,275,547

	SHORT TERM INVESTMENTS - 19.6%
	Money Market Funds - 19.6%
	12,760,747	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	12,760,747
	22,180,966	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		22,180,966

		TOTAL SHORT TERM INVESTMENTS (Cost $34,941,713)	$	34,941,713

		TOTAL INVESTMENTS (Cost $172,001,928) - 99.9% ^(c)	$	178,217,260
		Other Assets in Excess of Liabilities - 0.1%		156,256

		TOTAL NET ASSETS - 100.0%	$	178,373,516

Percentages are stated as a percent of net assets.

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

^(†)	Less than 0.05%.

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 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 $49,559,057.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Invesco QQQ Trust Series 1	5.6600% representing 1 month SOFR rate + spread		Goldman Sachs		7/23/2024		371,908	$	135,793,844	$	6,233,636
Total return of Technology Select Sector SPDR Fund	5.7600% representing 1 month SOFR rate + spread		Goldman Sachs		7/23/2024		249,650		42,724,968		1,588,333

								$	178,518,812	$	7,821,969

Direxion Hydrogen ETF

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 99.6%
	Chemical Manufacturing - 40.5%
	14,698	Air Liquide S.A. (France)	$	2,647,290
	4,883	Air Products & Chemicals, Inc.		1,490,926
	69,242	Doosan Fuel Cell Co., Ltd. (South Korea) ^(a)		1,477,568
	951,709	ITM Power (United Kingdom) ^(a)(b)		1,133,660
	3,844	Linde PLC ADR (Ireland)		1,501,736
	48,924	McPhy Energy SAS (France) ^(a)(b)		413,998
	1,906,674	Nel ASA (Norway) ^(a)(b)		2,596,198
	56,798	Nippon Sanso Holdings Corp. (Japan)		1,371,979
	784,244	PTT Global Chemical PCL (Thailand)		905,018

				13,538,373

	Computer and Electronic Product Manufacturing - 8.0%
	149,570	Bloom Energy Corp. ^(a)(b)		2,671,320

	Electrical Equipment, Appliance, and Component Manufacturing - 13.5%
	45,613	Chung-Hsin Electric & Machinery Manufacturing Corp. (Taiwan)		169,816
	1,615	Hyosung Heavy Industries (South Korea) ^(a)		221,094
	212,102	Plug Power, Inc. ^(a)(b)		2,782,778
	111,061	PowerCell Sweden AB (Sweden) ^(a)(b)		1,024,626
	6,236	SFC Energy AG (Germany) ^(a)(b)		166,387
	6,621	VARTA AG (Germany) ^(a)(b)		150,452

				4,515,153

	Management of Companies and Enterprises - 6.8%
	36,517	Shell PLC ADR (United Kingdom)		2,250,543

	Merchant Wholesalers, Durable Goods - 0.5%
	3,504	Hyster-Yale Materials Handling, Inc.		167,351

	Miscellaneous Manufacturing - 0.5%
	85,093	Hexagon Purus Holding AS (Norway) ^(a)(b)		174,114

	Oil and Gas Extraction - 13.9%
	40,278	BP PLC ADR (United Kingdom)		1,502,370
	171,459	CIMC Enric Holdings Ltd. (Hong Kong)		172,147
	421,681	ENEOS Holdings, Inc. (Japan)		1,529,662
	67,324	Idemitsu Kosan Co., Ltd. (Japan)		1,421,537

				4,625,716

	Primary Metal Manufacturing - 0.7%
	22,734	Kaori Heat Treatment Co., Ltd. (Taiwan)		245,957

	Transportation Equipment Manufacturing - 4.5%
	319,960	Ballard Power Systems, Inc. ADR (Canada) ^(a)(b)		1,510,211

	Utilities - 10.7%
	2,103,009	AFC Energy PLC (United Kingdom) ^(a)(b)		419,406
	261,806	Ceres Power Holdings PLC (United Kingdom) ^(a)(b)		1,228,168
	654,078	FuelCell Energy, Inc. ^(a)(b)		1,432,431
	8,432	Korea Gas Corp. (South Korea) ^(a)		164,056
	23,051	S-Fuelcell Co., Ltd. (South Korea)		321,717

				3,565,778

		TOTAL COMMON STOCKS (Cost $41,235,079)	$	33,264,516

	SHORT TERM INVESTMENTS - 20.7%
	Money Market Funds - 20.7%
	6,921,251	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	6,921,251

		TOTAL SHORT TERM INVESTMENTS (Cost $6,921,251)	$	6,921,251

		TOTAL INVESTMENTS (Cost $48,156,330) - 120.3%	$	40,185,767
		Liabilities in Excess of Other Assets - (20.3)%		(6,786,959	)

		TOTAL NET ASSETS - 100.0%	$	33,398,808

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 July 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)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 99.5%
	Administrative and Support Services - 12.1%
	13,234	Coinbase Global, Inc. ^(a)	$	1,305,005
	51,521	SentinelOne, Inc. ^(a)(b)		858,855
	24,697	Upstart Holdings, Inc. ^(a)		1,696,437
	789,194	Workhorse Group, Inc. ^(a)(b)		1,049,628

				4,909,925

	Chemical Manufacturing - 5.7%
	189,470	bluebird bio, Inc. ^(a)		744,617
	16,218	Intellia Therapeutics, Inc. ^(a)		686,508
	72,288	Roivant Sciences Ltd. ADR (Ireland) ^(a)		866,010

				2,297,135

	Computer and Electronic Product Manufacturing - 8.5%
	36,806	908 Devices, Inc. ^(a)		256,170
	8,758	Ambarella Inc. ADR ^(a)		730,592
	71,411	Indie Semiconductor, Inc. ^(a)		676,976
	93,109	MicroVision, Inc. ^(a)(b)		372,436
	294,908	Nano Dimension Ltd. ADR (Israel) ^(a)		914,215
	89,918	Vuzix Corp. ^(a)(b)		474,767

				3,425,156

	Electrical Equipment, Appliance, and Component Manufacturing - 1.5%
	251,723	EOS Enegy Enterprises, Inc. ^(a)		619,239

	Management of Companies and Enterprises - 6.7%
	173,620	ATAI Life Sciences NV ADR (Germany) ^(a)		362,866
	44,977	Bilibili, Inc. ADR (China) ^(a)		857,711
	65,871	EHang Holdings Ltd. ADR (China) ^(a)(b)		1,492,637

				2,713,214

	Miscellaneous Manufacturing - 2.0%
	314,659	Butterfly Network, Inc. ^(a)(b)		808,674

	Printing and Related Support Activities - 1.7%
	114,051	Fisker, Inc. ^(a)(b)		703,694

	Professional, Scientific, and Technical Services - 26.2%
	311,100	23andMe Holding Co. ^(a)		597,312
	38,577	4D Molecular Therapeutics, Inc. ^(a)		705,959
	120,690	Allogene Therapeutics, Inc. ^(a)		598,622
	31,038	Asana, Inc. ^(a)		753,603
	59,432	Avidity Biosciences, Inc. ^(a)		565,198
	11,228	Crispr Therapeutics AG ADR (Switzerland) ^(a)		643,701
	66,998	Editas Medicine, Inc. ^(a)		588,243
	395,973	Ginkgo Bioworks Holdings, Inc. Class A ^(a)		993,892
	144,726	Planet Labs PBC ^(a)		538,381
	69,168	Snap, Inc. ^(a)		785,749
	23,657	Squarespace, Inc. ^(a)		783,993
	256,374	TuSimple Holdings, Inc. ^(a)		599,915
	20,297	Unity Software, Inc. ^(a)		930,415
	39,913	Verve Therapeutics, Inc. ^(a)		817,817
	169,025	Vimeo, Inc. ^(a)		696,383

				10,599,183

	Publishing Industries - 11.2%
	75,543	BigCommerce Holdings, Inc. ^(a)		816,620
	19,354	C3.ai, Inc. ^(a)(b)		812,868
	30,122	Dropbox, Inc. ^(a)		811,788
	42,715	Fastly, Inc. ^(a)		784,674
	9,785	Okta, Inc. ^(a)		752,075
	40,698	Xperi, Inc. ^(a)		533,958

				4,511,983

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 4.0%
	194,109	Aurora Innovation, Inc. ^(a)		636,677
	74,986	Robinhood Markets, Inc. ^(a)		964,320

				1,600,997

	Transportation Equipment Manufacturing - 19.9%
	178,262	Aeva Technologies, Inc. ^(a)		222,828
	159,467	Ballard Power Systems, Inc. ADR (Canada) ^(a)		752,684
	283,610	Hyliion Holdings Corp. ^(a)		558,712
	242,212	Innoviz Technologies Ltd. ADR (Israel) ^(a)(b)		993,069
	110,130	Lucid Group, Inc. ^(a)		838,089
	105,041	Luminar Technologies, Inc. ^(a)(b)		777,304
	1,187,787	Nikola Corp. ^(a)(b)		3,171,391
	169,429	Virgin Galactic Holdings, Inc. ^(a)(b)		725,156

				8,039,233

		TOTAL COMMON STOCKS (Cost $45,041,816)	$	40,228,433

	SHORT TERM INVESTMENTS - 20.5%
	Money Market Funds - 20.5%
	8,292,461	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	8,292,461

		TOTAL SHORT TERM INVESTMENTS (Cost $8,292,461)	$	8,292,461

		TOTAL INVESTMENTS (Cost $53,334,277) - 120.0%	$	48,520,894
		Liabilities in Excess of Other Assets - (20.0)%		(8,106,515	)

		TOTAL NET ASSETS - 100.0%	$	40,414,379

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 July 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)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 99.9%
	Accommodation - 2.2%
	64,421	Airbnb, Inc. ^(a)	$	9,804,232
	46,983	Marriott International, Inc. Class A		9,481,639

				19,285,871

	Administrative and Support Services - 4.2%
	37,414	Automatic Data Processing, Inc.		9,250,986
	3,152	Booking Holdings, Inc. ^(a)		9,363,961
	207,980	JD.com, Inc. ADR (China)		8,591,654
	103,767	Pinduoduo, Inc. ADR (China) ^(a)		9,320,352

				36,526,953

	Apparel Manufacturing - 0.9%
	21,659	Lululemon Athletica, Inc. ^(a)		8,198,581

	Beverage and Tobacco Product Manufacturing - 2.9%
	257,640	Keurig Dr Pepper, Inc.		8,762,336
	141,812	Monster Beverage Corp. ^(a)		8,152,772
	44,531	PepsiCo, Inc.		8,347,781

				25,262,889

	Broadcasting and Content Providers - 4.3%
	24,254	Charter Communications, Inc. ^(a)		9,827,478
	201,205	Comcast Corp. Class A		9,106,538
	2,103,578	Sirius XM Holdings, Inc. ^(b)		10,728,248
	647,520	Warner Bros Discovery, Inc. ^(a)		8,463,087

				38,125,351

	Chemical Manufacturing - 6.4%
	36,106	Amgen, Inc.		8,454,220
	110,163	AstraZeneca PLC ADR (United Kingdom)		7,898,687
	27,870	Biogen, Inc. ^(a)		7,530,195
	105,107	Gilead Sciences, Inc.		8,002,847
	10,588	Regeneron Pharmaceuticals, Inc. ^(a)		7,855,343
	41,771	Seagen, Inc. ^(a)		8,010,843
	23,857	Vertex Pharmaceuticals, Inc. ^(a)		8,405,775

				56,157,910

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 1.0%
	76,870	Ross Stores, Inc.		8,812,377

	Computer and Electronic Product Manufacturing - 20.8%
	69,015	Advanced Micro Devices, Inc. ^(a)		7,895,316
	33,528	Alphabet, Inc. Class A ^(a)		4,449,836
	33,391	Alphabet, Inc. Class C ^(a)		4,444,676
	43,997	Analog Devices, Inc.		8,778,721
	44,802	Apple, Inc.		8,801,353
	9,564	Broadcom, Inc.		8,594,689
	159,154	Cisco Systems, Inc.		8,282,374
	45,606	Enphase Energy, Inc. ^(a)		6,924,359
	113,866	Fortinet, Inc. ^(a)		8,849,665
	105,413	GE HealthCare Technologies, Inc.		8,222,214
	132,695	GlobalFoundries, Inc. ADR ^(a)(b)		8,451,345
	17,171	IDEXX Laboratories, Inc. ^(a)		9,525,269
	40,226	Illumina, Inc. ^(a)		7,729,426
	227,896	Intel Corp.		8,151,840
	135,586	Marvell Technology, Inc.		8,830,716
	96,971	Microchip Technology, Inc.		9,109,456
	122,479	Micron Technology, Inc.		8,743,776
	19,412	NVIDIA Corp.		9,071,033
	41,901	NXP Semiconductors NV ADR (Netherlands)		9,343,085
	91,944	ON Semiconductor Corp. ^(a)		9,906,966
	67,567	Qualcomm, Inc.		8,930,330
	46,911	Texas Instruments, Inc.		8,443,980

				181,480,425

	Food Manufacturing - 1.9%
	112,665	Mondelez International, Inc.		8,351,857
	224,029	The Kraft Heinz Co.		8,105,369

				16,457,226

	Food Services and Drinking Places - 1.0%
	81,365	Starbucks Corp.		8,264,243

	General Merchandise Retailers - 5.0%
	66,053	Amazon.com, Inc. ^(a)		8,829,965
	15,852	Costco Wholesale Corp.		8,887,741
	60,843	Dollar Tree, Inc. ^(a)		9,389,900
	183,952	eBay, Inc.		8,187,704
	6,947	MercadoLibre, Inc. ^(a)		8,600,733

				43,896,043

	Health and Personal Care Retailers - 0.9%
	253,679	Walgreens Boots Alliance, Inc.		7,602,760

	Machinery Manufacturing - 4.2%
	59,638	Applied Materials, Inc.		9,040,525
	11,496	ASML Holding NV ADR (Netherlands)		8,235,849
	271,086	Baker Hughes Co.		9,702,168
	13,508	Lam Research Corp.		9,705,363

				36,683,905

	Merchant Wholesalers, Durable Goods - 4.0%
	16,880	Cintas Corp.		8,474,435
	94,968	Copart, Inc. ^(a)		8,394,222
	146,480	Fastenal Co.		8,585,193
	17,811	KLA-Tencor Corp.		9,153,963

				34,607,813

	Miscellaneous Manufacturing - 2.9%
	25,114	Align Technology, Inc. ^(a)		9,490,330
	63,724	DexCom, Inc. ^(a)		7,937,461
	25,147	Intuitive Surgical, Inc. ^(a)		8,157,687

				25,585,478

	Motion Picture and Sound Recording Industries - 1.0%
	19,182	Netflix, Inc. ^(a)		8,420,323

	Motor Vehicle and Parts Dealers - 1.0%
	9,005	O’Reilly Automotive, Inc. ^(a)		8,336,739

	Performing Arts, Spectator Sports, and Related Industries - 1.0%
	64,384	Electronic Arts, Inc.		8,778,758

	Professional, Scientific, and Technical Services - 9.0%
	127,370	Cognizant Technology Solutions Corp. Class A		8,410,241
	29,475	Meta Platforms, Inc. ^(a)		9,390,735
	64,416	Moderna, Inc. ^(a)		7,579,187
	33,607	Palto Alto Networks, Inc. ^(a)		8,400,406
	72,977	Paychex, Inc.		9,156,424
	103,440	The Trade Desk, Inc. ^(a)		9,439,934
	36,921	Verisk Analytics, Inc. Class A		8,452,694
	37,248	Workday, Inc. ^(a)		8,832,618
	53,849	Zscaler, Inc. ^(a)		8,636,303

				78,298,542

	Publishing Industries - 10.0%
	16,704	Adobe Systems, Inc. ^(a)		9,123,224
	24,779	Ansys, Inc. ^(a)		8,476,896
	46,618	Atlassian Corp. ^(a)		8,481,679
	38,815	Autodesk, Inc. ^(a)		8,228,392
	35,135	Cadence Design Systems, Inc. ^(a)		8,221,941
	53,392	CrowdStrike Holdings, Inc. ^(a)		8,631,351
	86,572	Datadog, Inc. ^(a)		10,104,684
	18,248	Intuit, Inc.		9,337,501
	24,225	Microsoft Corp.		8,137,662
	18,790	Synopsys, Inc. ^(a)		8,489,322

				87,232,652

	Rail Transportation - 1.0%
	249,537	CSX Corp.		8,314,573

	Support Activities for Mining - 1.1%
	64,418	Diamondback Energy, Inc.		9,490,060

	Telecommunications - 3.1%
	124,782	PayPal Holdings, Inc. ^(a)		9,460,971
	63,321	T-Mobile US, Inc. ^(a)		8,723,734
	118,320	Zoom Video Communications, Inc. ^(a)		8,678,772

				26,863,477

	Transportation Equipment Manufacturing - 4.1%
	40,852	Honeywell International, Inc.		7,930,599
	1,279,046	Lucid Group, Inc. ^(a)(b)		9,733,540
	105,370	Paccar, Inc.		9,075,518
	31,846	Tesla Motors, Inc. ^(a)		8,516,576

				35,256,233

	Truck Transportation - 1.2%
	25,468	Old Dominion Freight Line, Inc.		10,683,571

	Utilities - 3.8%
	97,608	American Electric Power Co., Inc.		8,271,302
	89,189	Constellation Energy Corp.		8,620,117
	201,128	Exelon Corp.		8,419,218
	129,661	Xcel Energy, Inc.		8,133,634

				33,444,271

	Web Search Portals, Libraries, Archives, and Other Information Services - 1.0%
	98,468	CoStar Group, Inc. ^(a)		8,268,358

		TOTAL COMMON STOCKS (Cost $886,230,748)	$	870,335,382

	SHORT TERM INVESTMENTS - 2.7%
	Money Market Funds - 2.7%
	23,534,243	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	23,534,243

		TOTAL SHORT TERM INVESTMENTS (Cost $23,534,243)	$	23,534,243

		TOTAL INVESTMENTS (Cost $909,764,991) - 102.6%	$	893,869,625
		Liabilities in Excess of Other Assets - (2.6)%		(22,478,649	)

		TOTAL NET ASSETS - 100.0%	$	871,390,976

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 July 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)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 99.7%
	Administrative and Support Services - 6.9%
	12,064	Cloudflare, Inc. ^(a)	$	829,641
	12,269	Progress Software Corp.		736,877
	46,074	SentinelOne, Inc. ^(a)		768,054

				2,334,572

	Broadcasting and Content Providers - 1.7%
	167,658	Altice USA, Inc. ^(a)		568,361

	Computer and Electronic Product Manufacturing - 19.0%
	7,812	Alphabet, Inc. Class A ^(a)		1,036,809
	1,189	Broadcom, Inc.		1,068,495
	14,601	Cisco Systems, Inc.		759,836
	12,077	Fortinet, Inc. ^(a)		938,624
	5,507	International Business Machines Corp.		793,999
	15,560	Marvell Technology, Inc.		1,013,423
	10,927	NetApp, Inc.		852,415

				6,463,601

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 8.0%
	15,334	Pegasystems, Inc.		808,868
	21,363	RingCentral, Inc. ^(a)		883,574
	6,412	VMware, Inc. ^(a)		1,010,724

				2,703,166

	General Merchandise Retailers - 3.0%
	7,658	Amazon.com, Inc. ^(a)		1,023,721
	Management of Companies and Enterprises - 4.4%
	7,847	Alibaba Group Holding Ltd. ADR (China) ^(a)		801,649
	33,581	America Movil SAB de CV ADR (Mexico)		702,515

				1,504,164

	Professional, Scientific, and Technical Services - 24.4%
	4,069	Meta Platforms, Inc. ^(a)		1,296,383
	8,176	Oracle Corp.		958,473
	3,775	Palto Alto Networks, Inc. ^(a)		943,599
	309,581	Rackspace Technology, Inc. ^(a)		718,228
	1,647	ServiceNow, Inc. ^(a)		960,201
	65,781	Sprinklr, Inc. ^(a)		923,565
	18,788	Verint Systems, Inc. ^(a)		702,108
	3,834	Workday, Inc. ^(a)		909,156
	5,495	Zscaler, Inc. ^(a)		881,288

				8,293,001

	Publishing Industries - 28.3%
	2,183	Adobe Systems, Inc. ^(a)		1,192,289
	4,351	Atlassian Corp. ^(a)		791,621
	21,020	Box, Inc. ^(a)		656,875
	5,873	CrowdStrike Holdings, Inc. ^(a)		949,429
	4,869	CyberArk Software Ltd. ADR (Israel) ^(a)		808,303
	11,965	DocuSign, Inc. ^(a)		643,956
	72,767	Exela Technologies, Inc. ^(a)(b)		461,343
	2,867	Microsoft Corp.		963,082
	9,880	Okta, Inc. ^(a)		759,377
	4,217	Salesforce.com, Inc. ^(a)		948,867
	16,277	Smartsheet, Inc. ^(a)		722,699
	10,736	Twilio, Inc. ^(a)		708,898

				9,606,739

	Telecommunications - 4.0%
	18,431	Verizon Communications, Inc.		628,129
	10,138	Zoom Video Communications, Inc. ^(a)		743,622

				1,371,751

		TOTAL COMMON STOCKS (Cost $40,633,314)	$	33,869,076

	SHORT TERM INVESTMENTS - 0.6%
	Money Market Funds - 0.6%
	210,576	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	210,576

		TOTAL SHORT TERM INVESTMENTS (Cost $210,576)	$	210,576

		TOTAL INVESTMENTS (Cost $40,843,890) - 100.3%	$	34,079,652
		Liabilities in Excess of Other Assets - (0.3)%		(117,975	)

		TOTAL NET ASSETS - 100.0%	$	33,961,677

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 July 31, 2023.

^(d)	All or a portion of this security represents an investment of securities lending collateral.

ADR - American Depository Receipt

Direxion Daily S&P 500^® Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 105.7%
	Money Market Funds - 105.7%
	192,545,053	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	192,545,053
	52,250,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		52,250,000
	810,811	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		810,811

		TOTAL SHORT TERM INVESTMENTS (Cost $245,605,864) ^(b)	$	245,605,864

		TOTAL INVESTMENTS (Cost $245,605,864) - 105.7%	$	245,605,864
		Liabilities in Excess of Other Assets - (5.7)%		(13,161,410	)

		TOTAL NET ASSETS - 100.0%	$	232,444,454

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 July 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 $54,227,735.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3100% representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	UBS Securities LLC		12/13/2023		1,053	$	4,229,866	$	(535,952	)
5.6400% representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	Barclays		12/20/2023		49,599		224,528,245		(2,508,909	)

							$	228,758,111	$	(3,044,861	)

Direxion Daily AMZN Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 116.8%
	Money Market Funds - 116.8%
	3,179,152	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	3,179,152
	2,238,529	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		2,238,529

		TOTAL SHORT TERM INVESTMENTS (Cost $5,417,681) ^(b)	$	5,417,681

		TOTAL INVESTMENTS (Cost $5,417,681) - 116.8%	$	5,417,681
		Liabilities in Excess of Other Assets - (16.8)%		(777,937	)

		TOTAL NET ASSETS - 100.0%	$	4,639,744

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 July 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 $2,238,529.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3100 % representing 1 month SOFR rate + spread	Total return of common shares of Amazon.com, Inc.	Goldman Sachs		12/7/2023		2,391	$	313,898	$	(4,489	)
3.8100 % representing 1 month SOFR rate + spread	Total return of common shares of Amazon.com, Inc.	Bank of America Merrill Lynch		12/8/2023		12,834		1,267,516		(427,813	)
3.3100 % representing 1 month SOFR rate + spread	Total return of common shares of Amazon.com, Inc.	Citibank N.A.		12/19/2023		19,483		2,234,709		(355,036	)

							$	3,816,123	$	(787,338	)

Direxion Daily AAPL Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 113.2%
	Money Market Funds - 113.2%
	19,962,236	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	19,962,236
	1,310,813	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		1,310,813
	9,707,578	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		9,707,578

		TOTAL SHORT TERM INVESTMENTS (Cost $30,980,627) ^(b)	$	30,980,627

		TOTAL INVESTMENTS (Cost $30,980,627) - 113.2%	$	30,980,627
		Liabilities in Excess of Other Assets - (13.2)%		(3,616,720	)

		TOTAL NET ASSETS - 100.0%	$	27,363,907

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 July 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 $12,392,004.

Short Total Return Swap Contracts (Unaudited)

July 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
3.8100% representing 1 month SOFR rate + spread	Total return of common shares of Apple, Inc.	BNP Paribas		12/5/2023		9,500	$	1,394,227	$	(452,714	)
5.3100% representing 1 month SOFR rate + spread	Total return of common shares of Apple, Inc.	Goldman Sachs		12/7/2023		17,743		3,238,481		(226,454	)
3.8100% representing 1 month SOFR rate + spread	Total return of common shares of Apple, Inc.	Bank of America Merrill Lynch		12/8/2023		72,014		11,925,482		(2,125,303	)
3.3100% representing 1 month SOFR rate + spread	Total return of common shares of Apple, Inc.	Citibank N.A.		12/19/2023		40,035		7,443,646		(393,149	)

							$	24,001,836	$	(3,197,620	)

Direxion Daily GOOGL Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 111.2%
	Money Market Funds - 111.2%
	2,315,436	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	2,315,436
	246,297	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		246,297
	1,040,353	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		1,040,353

		TOTAL SHORT TERM INVESTMENTS (Cost $3,602,086) ^(b)	$	3,602,086

		TOTAL INVESTMENTS (Cost $3,602,086) - 111.2%	$	3,602,086
		Liabilities in Excess of Other Assets - (11.2)%		(363,717	)

		TOTAL NET ASSETS - 100.0%	$	3,238,369

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 July 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 $1,286,650.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3100% representing 1 month SOFR rate + spread	Total return of common shares of Alphabet, Inc.	Goldman Sachs		12/7/2023		5,193	$	645,622	$	(38,146	)
3.8100% representing 1 month SOFR rate + spread	Total return of common shares of Alphabet, Inc.	Bank of America Merrill Lynch		12/8/2023		5,816		622,804		(142,617	)
3.3100% representing 1 month SOFR rate + spread	Total return of common shares of Alphabet, Inc.	Citibank N.A.		12/19/2023		13,391		1,580,639		(189,195	)

							$	2,849,065	$	(369,958	)

Direxion Daily MSFT Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 104.7%
	Money Market Funds - 104.7%
	5,706,214	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	5,706,214
	1,282,098	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		1,282,098
	2,216,669	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		2,216,669

		TOTAL SHORT TERM INVESTMENTS (Cost $9,204,981) ^(b)	$	9,204,981

		TOTAL INVESTMENTS (Cost $9,204,981) - 104.7%	$	9,204,981
		Liabilities in Excess of Other Assets - (4.7)%		(411,085	)

		TOTAL NET ASSETS - 100.0%	$	8,793,896

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 July 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 $3,498,767.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.3100% representing 1 month SOFR rate + spread	Total return of common shares of Microsoft Corp.	Goldman Sachs		12/7/2023		9,549	$	3,017,786	$	(165,069	)
3.8100% representing 1 month SOFR rate + spread	Total return of common shares of Microsoft Corp.	Bank of America Merrill Lynch		12/8/2023		10,587		3,262,792		(274,380	)
3.3100% representing 1 month SOFR rate + spread	Total return of common shares of Microsoft Corp.	Citibank N.A.		12/19/2023		6,043		2,030,948		6,969

							$	8,311,526	$	(432,480	)

Direxion Daily TSLA Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 109.8%
	Money Market Funds - 109.8%
	34,266,573	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	34,266,573
	3,125,689	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		3,125,689
	8,869,393	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		8,869,393

		TOTAL SHORT TERM INVESTMENTS (Cost $46,261,655) ^(b)	$	46,261,655

		TOTAL INVESTMENTS (Cost $46,261,655) - 109.8%	$	46,261,655
		Liabilities in Excess of Other Assets - (9.8)%		(4,125,622	)

		TOTAL NET ASSETS - 100.0%	$	42,136,033

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 July 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 $21,014,317.

Short Total Return Swap Contracts (Unaudited)

July 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
3.8100 % representing 1 month SOFR rate + spread	Total return of common shares of Tesla, Inc.	BNP Paribas		12/5/2023		39,892	$	6,795,522	$	(3,749,360	)
5.3100 % representing 1 month SOFR rate + spread	Total return of common shares of Tesla, Inc.	Goldman Sachs		12/7/2023		28,830		7,520,945		(178,889	)
3.8100 % representing 1 month SOFR rate + spread	Total return of common shares of Tesla, Inc.	Bank of America Merrill Lynch		12/8/2023		20,519		5,429,201		(23,131	)
3.3100 % representing 1 month SOFR rate + spread	Total return of common shares of Tesla, Inc.	Citibank N.A.		12/19/2023		68,318		17,742,707		(490,147	)

							$	37,488,375	$	(4,441,527	)

Direxion Daily AAPL Bull 1.5X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 13.3%
	Computer and Electronic Product Manufacturing - 13.3%
	31,865	Apple, Inc.	$	6,259,879

		TOTAL COMMON STOCKS (Cost $5,159,109)	$	6,259,879

	SHORT TERM INVESTMENTS - 70.3%
	Money Market Funds - 70.3%
	20,388,835	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	20,388,835
	5,057,377	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		5,057,377
	7,780,994	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		7,780,994

		TOTAL SHORT TERM INVESTMENTS (Cost $33,227,206)	$	33,227,206

		TOTAL INVESTMENTS (Cost $38,386,315) - 83.6% ^(b)	$	39,487,085
		Other Assets in Excess of Liabilities - 16.4%		7,763,157

		TOTAL NET ASSETS - 100.0%	$	47,250,242

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 July 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 $16,761,024.

Long Total Return Swap Contracts (Unaudited)

July 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 common shares of Apple, Inc.	7.3100 % representing 1 month SOFR rate + spread		BNP Paribas		12/5/2023		40,716	$	7,369,430	$	572,902
Total return of common shares of Apple, Inc.	6.3100 % representing 1 month SOFR rate + spread		Goldman Sachs		12/7/2023		117,938		23,116,451		(114,150	)
Total return of common shares of Apple, Inc.	7.8100 % representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/14/2023		100,244		19,647,265		(216,682	)
Total return of common shares of Apple, Inc.	7.8100 % representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2023		70,031		13,535,054		57,898

								$	63,668,200	$	299,968

Direxion Daily AMZN Bull 1.5X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 7.7%
	General Merchandise Retailers - 7.7%
	22,260	Amazon.com, Inc. ^(a)	$	2,975,717

		TOTAL COMMON STOCKS (Cost $2,378,771)	$	2,975,717

	SHORT TERM INVESTMENTS - 90.5%
	Money Market Funds - 90.5%
	16,731,265	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	16,731,265
	5,032,843	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		5,032,843
	13,103,401	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		13,103,401

		TOTAL SHORT TERM INVESTMENTS (Cost $34,867,509)	$	34,867,509

		TOTAL INVESTMENTS (Cost $37,246,280) - 98.2% ^(c)	$	37,843,226
		Other Assets in Excess of Liabilities - 1.8%		690,413

		TOTAL NET ASSETS - 100.0%	$	38,533,639

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 July 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 $18,136,244.

Long Total Return Swap Contracts (Unaudited)

July 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 Amazon.com, Inc.	6.5600 % representing 1 month SOFR rate + spread	Goldman Sachs		12/7/2023		139,735	$	17,066,040	$	1,460,014
Total return of common shares of Amazon.com, Inc.	7.8100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		101,232		12,522,119		877,764
Total return of common shares of Amazon.com, Inc.	8.3100 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		169,149		20,372,564		1,953,920

							$	49,960,723	$	4,291,698

Direxion Daily GOOGL Bull 1.5X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 13.3%
	Web Search Portals, Libraries, Archives, and Other Information Services - 13.3%
	39,435	Alphabet, Inc. ^(a)	$	5,233,813

		TOTAL COMMON STOCKS (Cost $4,157,899)	$	5,233,813

	SHORT TERM INVESTMENTS - 67.0%
	Money Market Funds - 67.0%
	16,364,882	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	16,364,882
	3,836,137	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		3,836,137
	6,255,713	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		6,255,713

		TOTAL SHORT TERM INVESTMENTS (Cost $26,456,732)	$	26,456,732

		TOTAL INVESTMENTS (Cost $30,614,631) - 80.3% ^(c)	$	31,690,545
		Other Assets in Excess of Liabilities - 19.7%		7,782,285

		TOTAL NET ASSETS - 100.0%	$	39,472,830

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 July 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 $10,091,850.

Long Total Return Swap Contracts (Unaudited)

July 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 common shares of Alphabet, Inc.	6.5600% representing 1 month SOFR rate + spread	Goldman Sachs		12/7/2023		155,837	$	19,617,960	$	977,810
Total return of common shares of Alphabet, Inc.	7.8100% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/14/2023		141,180		18,724,306		(176,400	)
Total return of common shares of Alphabet, Inc.	7.8100% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		109,690		14,542,701		(149,840	)

							$	52,884,967	$	651,570

Direxion Daily MSFT Bull 1.5X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 12.7%
	Publishing Industries - 12.7%
	21,473	Microsoft Corp.	$	7,213,210

		TOTAL COMMON STOCKS (Cost $6,466,186)	$	7,213,210

	SHORT TERM INVESTMENTS - 70.7%
	Money Market Funds - 70.7%
	20,126,409	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	20,126,409
	5,925,837	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		5,925,837
	7,490,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		7,490,000
	6,490,357	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		6,490,357

		TOTAL SHORT TERM INVESTMENTS (Cost $40,032,603)	$	40,032,603

		TOTAL INVESTMENTS (Cost $46,498,789) - 83.4% ^(b)	$	47,245,813
		Other Assets in Excess of Liabilities - 16.6%		9,393,153

		TOTAL NET ASSETS - 100.0%	$	56,638,966

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 July 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 $19,906,194.

Long Total Return Swap Contracts (Unaudited)

July 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 common shares of Microsoft Corp.	6.5600 % representing 1 month SOFR rate + spread	Goldman Sachs		12/7/2023		61,943	$	19,747,579	$	891,313
Total return of common shares of Microsoft Corp.	7.8100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		27,050		8,348,983		587,312
Total return of common shares of Microsoft Corp.	7.8100 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		82,457		26,830,665		685,031
Total return of common shares of Microsoft Corp.	6.0100 % representing 1 month SOFR rate + spread	Barclays		12/20/2023		60,000		21,352,102		(1,238,592	)

							$	76,279,329	$	925,064

Direxion Daily TSLA Bull 1.5X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 14.8%
	Transportation Equipment Manufacturing - 14.8%
	591,918	Tesla, Inc. ^(a)	$	158,296,631

		TOTAL COMMON STOCKS (Cost $110,308,128)	$	158,296,631

	SHORT TERM INVESTMENTS - 80.3%
	Money Market Funds - 80.3%
	379,746,041	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	379,746,041
	178,949,299	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		178,949,299
	65,050,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		65,050,000
	236,423,034	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		236,423,034

		TOTAL SHORT TERM INVESTMENTS (Cost $860,168,374)	$	860,168,374

		TOTAL INVESTMENTS (Cost $970,476,502) - 95.1% ^(c)	$	1,018,465,005
		Other Assets in Excess of Liabilities - 4.9%		52,781,315

		TOTAL NET ASSETS - 100.0%	$	1,071,246,320

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 July 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 $658,243,839.

Long Total Return Swap Contracts (Unaudited)

July 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 common shares of Tesla, Inc.	7.3100 % representing 1 month SOFR rate + spread	BNP Paribas		12/5/2023		552,147	$	100,005,968	$	44,694,509
Total return of common shares of Tesla, Inc.	8.8100 % representing 1 month SOFR rate + spread	Goldman Sachs		12/7/2023		1,535,469		439,227,830		(29,745,500	)
Total return of common shares of Tesla, Inc.	7.8100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		1,450,099		360,307,095		24,363,115
Total return of common shares of Tesla, Inc.	8.3100 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		1,207,071		329,111,247		(7,225,553	)
Total return of common shares of Tesla, Inc.	6.0100 % representing 1 month SOFR rate + spread	Barclays		12/20/2023		671,998		189,782,135		(10,688,976	)

							$	1,418,434,275	$	21,397,595

Direxion Daily CSI 300 China A Share Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 53.0%
	1,319,642	Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF ^(a)	$	37,794,547

		TOTAL INVESTMENT COMPANIES (Cost $38,635,274)	$	37,794,547

	SHORT TERM INVESTMENTS - 48.1%
	Money Market Funds - 48.1%
	15,892,986	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	15,892,986
	18,396,966	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		18,396,966

		TOTAL SHORT TERM INVESTMENTS (Cost $34,289,952)	$	34,289,952

		TOTAL INVESTMENTS (Cost $72,925,226) - 101.1% ^(c)	$	72,084,499
		Liabilities in Excess of Other Assets - (1.1)%		(789,548	)

		TOTAL NET ASSETS - 100.0%	$	71,294,951

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 July 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 $20,721,321.

Long Total Return Swap Contracts (Unaudited)

July 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 Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF	3.3100 % representing 1 month SOFR rate + spread		J.P. Morgan		12/12/2023		1,400,000	$	40,595,468$		(850,850	)
Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF	5.5600 % representing 1 month SOFR rate + spread		UBS Securities LLC		12/13/2023		561,464		15,451,029		462,894
Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF	2.8100 % representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2023		1,697,582		47,758,253		787,555

								$	103,804,750	$	399,599

Direxion Daily CSI China Internet Index Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 47.4%
	6,796,185	KraneShares CSI China Internet ETF ^(a)	$	217,206,073

		TOTAL INVESTMENT COMPANIES (Cost $190,209,817)	$	217,206,073

	SHORT TERM INVESTMENTS - 52.4%
	Money Market Funds - 52.4%
	159,740,345	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	159,740,345
	25,704,307	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		25,704,307
	54,752,820	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		54,752,820

		TOTAL SHORT TERM INVESTMENTS (Cost $240,197,472)	$	240,197,472

		TOTAL INVESTMENTS (Cost $430,407,289) - 99.8% ^(c)	$	457,403,545
		Other Assets in Excess of Liabilities - 0.2%		757,857

		TOTAL NET ASSETS - 100.0%	$	458,161,402

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 July 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 $252,101,758.

Long Total Return Swap Contracts (Unaudited)

July 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	5.7000% representing 1 month SOFR rate + spread		BNP Paribas		12/5/2023		3,989,531	$	115,265,818	$	9,995,524
Total return of KraneShares CSI China Internet ETF	5.8600% representing 1 month SOFR rate + spread		Goldman Sachs		12/7/2023		4,561,693		134,604,026		10,490,016
Total return of KraneShares CSI China Internet ETF	5.8600% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/8/2023		4,967,696		136,383,751		21,350,512
Total return of KraneShares CSI China Internet ETF	6.0500% representing 1 month SOFR rate + spread		UBS Securities LLC		12/13/2023		3,479,205		106,898,212		714,847
Total return of KraneShares CSI China Internet ETF	5.9100% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2023		4,876,355		144,231,419		9,036,588

								$	637,383,226	$	51,587,487

Direxion Daily S&P 500^® Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 90.1%
	Accommodation - 0.4%
	1,478	Caesars Entertainment Inc. ^(a)		$87,232
	1,819	Hilton Worldwide Holdings, Inc.		282,836
	4,901	Host Hotels & Resorts, Inc.		90,178
	2,263	Las Vegas Sands Corp. ^(a)		135,350
	1,770	Marriott International, Inc. Class A		357,204
	2,082	MGM Resorts International		105,703

				1,058,503

	Administrative and Support Services - 2.1%
	609	Allegion PLC ADR (Ireland)		71,168
	10,129	Amcor PLC ADR (United Kingdom)		103,923
	2,841	Automatic Data Processing, Inc.		702,466
	249	Booking Holdings, Inc. ^(a)		739,729
	807	Broadridge Financial Solutions, Inc.		135,511
	846	Equifax, Inc.		172,652
	268	FactSet Research System, Inc.		116,591
	509	FleetCor Technologies, Inc. ^(a)		126,695
	549	Gartner, Inc. ^(a)		194,121
	2,014	Iron Mountain, Inc.		123,660
	997	Live Nation Entertainment, Inc. ^(a)		87,487
	1,084	Moody’s Corp.		382,381
	741	Robert Half International, Inc.		54,945
	1,592	Rollins, Inc.		65,001
	11,142	Visa, Inc. Class A		2,648,788
	2,548	Waste Management, Inc.		417,337

				6,142,455

	Air Transportation - 0.2%
	885	Alaska Air Group, Inc. ^(a)		43,037
	4,502	American Airlines Group, Inc. ^(a)		75,408
	4,422	Delta Air Lines, Inc.		204,562
	4,104	Southwest Airlines Co.		140,193
	2,258	United Continental Holdings, Inc. ^(a)		122,632

				585,832

	Ambulatory Health Care Services - 0.2%
	384	DaVita, Inc. ^(a)		39,164
	612	Laboratory Corp. of America Holdings		130,925
	400	Molina Healthcare, Inc. ^(a)		121,796
	776	Quest Diagnostics, Inc.		104,923
	8,255	Viatris, Inc.		86,925

				483,733

	Amusement, Gambling, and Recreation Industries - 0.5%
	1,804	Global Payments, Inc.		198,891
	12,587	The Walt Disney Co. ^(a)		1,118,858
	718	Wynn Resorts Ltd.		78,248

				1,395,997

	Apparel Manufacturing - 0.0% ^(†)
	283	Ralph Lauren Corp.		37,167
	2,272	VF Corp.		45,008

				82,175

	Beverage and Tobacco Product Manufacturing - 2.0%
	12,298	Altria Group, Inc.		558,575
	26,798	Coca-Cola Co.		1,659,600
	1,114	Constellation Brands, Inc. Class A		303,899
	5,804	Keurig Dr Pepper, Inc.		197,394
	1,295	Molson Coors Brewing Co. Class B		90,352
	5,261	Monster Beverage Corp. ^(a)		302,455
	9,488	PepsiCo, Inc.		1,778,621
	10,687	Philip Morris International, Inc.		1,065,708

				5,956,604

	Broadcasting and Content Providers - 0.7%
	720	Charter Communications, Inc. ^(a)		291,737
	28,645	Comcast Corp. Class A		1,296,473
	1,855	FOX Corp. Class A		62,050
	945	FOX Corp. Class B		29,682
	3,495	Paramount Global Class B ^(b)		56,025
	15,264	Warner Bros Discovery, Inc. ^(a)		199,500

				1,935,467

	Building Material and Garden Equipment and Supplies Dealers - 1.2%
	4,111	Lowe’s Companies, Inc.		963,084
	359	Snap-on, Inc.		97,806
	6,969	The Home Depot, Inc.		2,326,531
	749	Tractor Supply Co.		167,768

				3,555,189

	Chemical Manufacturing - 6.8%
	12,149	AbbVie, Inc.		1,817,247
	1,528	Air Products & Chemicals, Inc.		466,544
	804	Albemarle Corp.		170,673
	3,678	Amgen, Inc.		861,204
	1,001	Biogen, Inc. ^(a)		270,460
	1,081	Bio-Techne Corp.		90,155
	14,467	Bristol-Myers Squibb Co.		899,703
	1,241	Catalent, Inc. ^(a)		60,213
	688	Celanese Corp.		86,268
	1,346	CF Industries Holdings, Inc.		110,480
	1,686	Church & Dwight Co., Inc.		161,300
	851	Clorox Co.		128,910
	5,712	Colgate-Palmolive Co.		435,597
	3,162	DuPont de Nemours, Inc.		245,466
	827	Eastman Chemical Co.		70,775
	1,704	Ecolab, Inc.		312,071
	5,426	Eli Lilly and Company		2,466,388
	858	FMC Corp.		82,565
	8,591	Gilead Sciences, Inc.		654,119
	1,281	Incyte Corp. ^(a)		81,625
	3,853	IntercontinentalExchange, Inc.		442,324
	1,755	International Flavors & Fragrances, Inc.		148,491
	2,322	Kimberly-Clark Corp.		299,770
	3,376	Linde PLC ADR (Ireland)		1,318,902
	1,747	LyondellBasell Industries N.V. Class A ADR (Netherlands) ADR		172,708
	17,471	Merck & Co., Inc.		1,863,282
	2,282	Mosaic Co.		93,014
	1,755	Organon & Co.		38,575
	38,875	Pfizer, Inc.		1,401,833
	1,625	PPG Industries, Inc.		233,838
	16,228	Procter & Gamble Co.		2,536,436
	741	Regeneron Pharmaceuticals, Inc. ^(a)		549,755
	999	Sealed Air Corp.		45,574
	1,769	Vertex Pharmaceuticals, Inc. ^(a)		623,290
	511	West Pharmaceutical Services, Inc.		188,069
	3,179	Zoetis, Inc.		597,938

				20,025,562

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.3%
	1,577	Bath & Body Works, Inc.		58,443
	2,359	Ross Stores, Inc.		270,436
	7,926	TJX Companies, Inc.		685,837

				1,014,716

	Computer and Electronic Product Manufacturing - 20.3%
	11,087	Advanced Micro Devices, Inc. ^(a)		1,268,353
	2,035	Agilent Technologies, Inc.		247,802
	40,911	Alphabet, Inc. Class A ^(a)		5,429,708
	35,194	Alphabet, Inc. Class C ^(a)		4,684,673
	1,586	AMETEK, Inc.		251,540
	4,105	Amphenol Corp. Class A		362,513
	3,488	Analog Devices, Inc.		695,961
	101,816	Apple, Inc.		20,001,753
	1,715	Arista Networks, Inc. ^(a)		265,979
	151	Bio-Rad Laboratories, Inc. ^(a)		61,209
	2,873	Broadcom, Inc.		2,581,821
	28,203	Cisco Systems, Inc.		1,467,684
	4,574	Danaher Corp.		1,166,644
	947	Enphase Energy, Inc. ^(a)		143,783
	4,483	Fortinet, Inc. ^(a)		348,419
	2,434	Fortive Corp.		190,704
	2,697	GE HealthCare Technologies, Inc.		210,366
	1,695	Hologic, Inc. ^(a)		134,617
	5,974	HP, Inc.		196,126
	571	IDEXX Laboratories, Inc. ^(a)		316,751
	1,085	Illumina, Inc. ^(a)		208,483
	28,719	Intel Corp.		1,027,279
	6,257	International Business Machines Corp.		902,134
	1,230	Keysight Technologies, Inc. ^(a)		198,128
	1,303	L3 Harris Technologies, Inc.		246,905
	3,775	Microchip Technology, Inc.		354,623
	7,532	Micron Technology, Inc.		537,709
	304	Monolithic Power Systems, Inc.		170,085
	1,150	Motorola Solutions, Inc.		329,624
	1,471	NetApp, Inc.		114,753
	977	Northrop Grumman Corp.		434,765
	17,026	NVIDIA Corp.		7,956,080
	1,793	NXP Semiconductors NV ADR (Netherlands)		399,803
	2,978	ON Semiconductor Corp. ^(a)		320,880
	2,842	Otis Worldwide Corp.		258,508
	860	PerkinElmer, Inc.		105,737
	687	Qorvo, Inc. ^(a)		75,584
	7,675	Qualcomm, Inc.		1,014,405
	10,061	Raytheon Technologies Corp.		884,664
	734	Roper Technologies, Inc.		361,899
	1,321	Seagate Technology Holdings PLC ADR (Ireland)		83,884
	1,091	Skyworks Solutions, Inc.		124,778
	389	SolarEdge Technologies, Inc. ^(a)		93,928
	1,069	Teradyne, Inc.		120,733
	6,255	Texas Instruments, Inc.		1,125,900
	2,656	Thermo Fisher Scientific, Inc.		1,457,241
	1,704	Trimble, Inc. ^(a)		91,675
	405	Waters Corp. ^(a)		111,865
	2,204	Western Digital Corp. ^(a)		93,802
	351	Zebra Technologies Corp. Class A ^(a)		108,094

				59,340,354

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.2%
	4,248	Fiserv, Inc. ^(a)		536,140

	Construction of Buildings - 0.2%
	2,139	D.R. Horton, Inc.		271,696
	1,748	Lennar Corp. Class A		221,699
	17	NVR, Inc. ^(a)		107,209
	1,534	PulteGroup, Inc.		129,454

				730,058

	Couriers and Messengers - 0.5%
	1,590	FedEx Corp.		429,221
	4,988	United Parcel Service, Inc. Class B		933,404

				1,362,625

	Credit Intermediation and Related Activities - 4.3%
	4,089	American Express Co.		690,550
	47,745	Bank of America Corp.		1,527,840
	4,951	Bank of New York Mellon Corp.		224,577
	2,635	Capital One Financial Corp.		308,348
	13,403	Citigroup, Inc.		638,787
	3,333	Citizens Financial Group, Inc.		107,523
	907	Comerica, Inc.		48,942
	1,750	Discover Financial Services		184,712
	4,076	Fidelity National Information Services, Inc.		246,109
	4,688	Fifth Third Bancorp		136,421
	9,942	Huntington Bancshares, Inc.		121,690
	20,123	JPMorgan Chase & Co.		3,178,629
	6,442	KeyCorp		79,301
	1,139	M&T Bank Corp.		159,301
	5,763	MasterCard, Inc. Class A		2,272,236
	1,430	Northern Trust Corp.		114,572
	2,752	PNC Financial Services Group, Inc.		376,721
	6,458	Regions Financial Corp.		131,549
	2,305	State Street Corp.		166,974
	2,949	Synchrony Financial		101,858
	9,168	Truist Financial Corp.		304,561
	9,606	U.S. Bancorp		381,166
	25,836	Wells Fargo & Co.		1,192,590
	1,020	Zions Bancorp		39,015

				12,733,972

	Electrical Equipment, Appliance, and Component Manufacturing - 0.4%
	855	A.O. Smith Corp.		62,099
	489	Axon Enterprise, Inc. ^(a)		90,920
	3,939	Emerson Electric Co.		359,827
	433	Generac Holdings, Inc. ^(a)		66,552
	791	Rockwell Automation, Inc.		266,005
	2,165	TE Connectivity Ltd. ADR (Switzerland)		310,656
	381	Whirlpool Corp.		54,963

				1,211,022

	Fabricated Metal Product Manufacturing - 0.2%
	2,162	Ball Corp.		126,888
	1,735	Nucor Corp.		298,576
	1,134	Pentair PLC ADR (Ireland)		78,813
	1,058	Stanley Black & Decker, Inc.		105,028

				609,305

	Food and Beverage Retailers - 0.1%
	4,503	Kroger Co.		219,026

	Food Manufacturing - 0.9%
	3,746	Archer-Daniels-Midland Co.		318,260
	1,032	Bunge Ltd. ADR		112,148
	1,376	Campbell Soup Co.		63,048
	4,050	General Mills, Inc.		302,697
	1,990	Hormel Foods Corp.		81,351
	1,767	Kellogg Co.		118,195
	1,007	Lamb Weston Holdings, Inc.		104,355
	1,733	McCormick & Co, Inc.		155,069
	9,378	Mondelez International, Inc.		695,191
	1,015	The Hershey Co.		234,780
	734	The J.M. Smucker Co.		110,577
	5,491	The Kraft Heinz Co.		198,664
	1,969	Tyson Foods, Inc. Class A		109,713

				2,604,048

	Food Services and Drinking Places - 1.1%
	186	Chipotle Mexican Grill, Inc. ^(a)		364,984
	836	Darden Restaurants, Inc.		141,217
	241	Domino’s Pizza, Inc.		95,614
	5,028	McDonald’s Corp.		1,474,210
	7,897	Starbucks Corp.		802,098
	1,926	Yum! Brands, Inc.		265,153

				3,143,276

	Funds, Trusts, and Other Financial Vehicles - 0.1%
	1,057	Garmin Ltd. ADR (Switzerland)		111,926
	1,542	T. Rowe Price Group, Inc.		190,067

				301,993

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0% ^(†)
	1,344	Best Buy Co., Inc.		111,619

	Gasoline Stations and Fuel Dealers - 0.7%
	11,996	Chevron Corp.		1,963,265

	General Merchandise Retailers - 4.3%
	61,472	Amazon.com, Inc. ^(a)		8,217,577
	3,053	Costco Wholesale Corp.		1,711,726
	1,513	Dollar General Corp.		255,485
	1,428	Dollar Tree, Inc. ^(a)		220,383
	3,680	eBay, Inc.		163,797
	850	Etsy, Inc. ^(a)		86,402
	3,176	Target Corp.		433,429
	9,659	Wal-Mart Stores, Inc.		1,544,088

				12,632,887

	Health and Personal Care Retailers - 0.3%
	8,826	CVS Health Corp.		659,214
	343	Ulta Salon, Cosmetics & Fragrance, Inc. ^(a)		152,566
	4,928	Walgreens Boots Alliance, Inc.		147,692

				959,472

	Hospitals - 0.2%
	1,419	HCA Healthcare, Inc.		387,117
	437	Universal Health Services, Inc. Class B		60,726

				447,843

	Insurance Carriers and Related Activities - 5.1%
	3,787	Aflac, Inc.		273,952
	1,809	Allstate Corp.		203,838
	4,982	American International Group, Inc.		300,315
	1,409	Aon PLC ADR (United Kingdom)		448,767
	2,561	Arch Capital Group Ltd. ADR ^(a)		198,964
	1,474	Arthur J. Gallagher & Co.		316,615
	360	Assurant, Inc.		48,424
	12,277	Berkshire Hathaway, Inc. Class B ^(a)		4,321,013
	1,625	Brown & Brown, Inc.		114,481
	3,781	Centene Corp. ^(a)		257,448
	2,847	Chubb Limited ADR (Switzerland)		581,955
	2,036	Cigna Corp.		600,824
	1,080	Cincinnati Financial Corp.		116,186
	1,633	Elevance Health, Inc.		770,172
	293	Everest Re Group Ltd. ADR		105,629
	615	Globe Life, Inc.		68,985
	2,139	Hartford Financial Services Group, Inc.		153,751
	857	Humana, Inc.		391,503
	1,065	Lincoln National Corp.		29,863
	1,301	Loews Corp.		81,508
	3,403	Marsh & McLennan Companies, Inc.		641,193
	4,425	MetLife, Inc.		278,642
	1,560	Principal Financial Group, Inc.		124,597
	4,027	Progressive Corp.		507,321
	2,508	Prudential Financial, Inc.		241,997
	1,588	Travelers Companies, Inc.		274,105
	6,406	UnitedHealth Group, Inc.		3,243,806
	1,377	W.R. Berkley Corp.		84,947
	733	Willis Towers Watson PLC (Ireland)		154,905

				14,935,706

	Leather and Allied Product Manufacturing - 0.3%
	8,482	NIKE, Inc. Class B		936,328
	1,593	Tapestry, Inc.		68,738

				1,005,066

	Machinery Manufacturing - 2.2%
	5,820	Applied Materials, Inc.		882,254
	6,966	Baker Hughes Co.		249,313
	5,752	Carrier Global Corp.		342,532
	3,552	Caterpillar, Inc.		941,884
	972	Cummins, Inc.		253,498
	1,858	Deere & Co.		798,197
	7,502	General Electric Co.		857,028
	518	IDEX Corp.		116,970
	2,783	Ingersoll Rand, Inc.		181,646
	920	Lam Research Corp.		661,011
	155	Mettler-Toledo International, Inc. ^(a)		194,908
	376	Nordson Corp.		94,605
	888	Parker Hannifin Corp.		364,089
	1,574	Trane Technologies PLC ADR (Ireland)		313,918
	1,646	Xylem, Inc.		185,586

				6,437,439

	Management of Companies and Enterprises - 0.5%
	11,975	Abbott Laboratories		1,333,177
	6,912	Carnival Corp. ADR (Panama) ^(a)		130,222
	2,924	Norwegian Cruise Line Holdings Ltd. ADR (a)		64,533

				1,527,932

	Merchant Wholesalers, Durable Goods - 0.8%
	600	Cintas Corp.		301,224
	2,951	Copart, Inc. ^(a)		260,839
	3,937	Fastenal Co.		230,747
	966	Genuine Parts Co.		150,425
	902	Henry Schein, Inc. ^(a)		71,069
	277	Huntington Ingalls Industries, Inc.		63,619
	4,729	Johnson Controls International PLC ADR (Ireland)		328,902
	948	KLA-Tencor Corp.		487,225
	1,750	LKQ Corp.		95,882
	359	Mohawk Industries, Inc. ^(a)		38,176
	271	Pool Corp.		104,264
	302	W.W. Grainger, Inc.		223,024
	1,761	WestRock Co.		58,624

				2,414,020

	Merchant Wholesalers, Nondurable Goods - 0.7%
	1,119	AmerisourceBergen Corp.		209,141
	1,256	Brown Forman Corp. Class B		88,674
	1,752	Cardinal Health, Inc.		160,255
	3,284	ConAgra Brands, Inc.		107,748
	1,907	Illinois Tool Works, Inc.		502,151
	939	McKesson Corp.		377,854
	3,492	Sysco Corp.		266,475
	1,622	The Sherwin Williams Co.		448,483

				2,160,781

	Mining (except Oil and Gas) - 0.4%
	9,874	Freeport-McMoRan Copper & Gold, Inc.		440,874
	432	Martin Marietta Materials, Inc.		192,871
	5,474	Newmont Mining Corp.		234,944
	914	Vulcan Materials Co.		201,537

				1,070,226

	Miscellaneous Manufacturing - 3.2%
	3,796	3M Co.		423,254
	494	Align Technology, Inc. ^(a)		186,678
	3,488	Baxter International, Inc.		157,762
	1,962	Becton, Dickinson & Co.		546,652
	9,899	Boston Scientific Corp. ^(a)		513,263
	1,466	Dentsply Sirona, Inc.		60,868
	2,667	DexCom, Inc. ^(a)		332,202
	964	Dover Corp.		140,715
	4,176	Edwards Lifesciences Corp. ^(a)		342,724
	1,593	Estee Lauder Companies, Inc. Class A		286,740
	899	Hasbro, Inc.		58,039
	473	Insulet Corp. ^(a)		130,903
	2,417	Intuitive Surgical, Inc. ^(a)		784,075
	17,900	Johnson & Johnson		2,998,787
	9,160	Medtronic PLC ADR (Ireland)		803,882
	1,013	ResMed, Inc.		225,241
	682	Steris PLC ADR (Ireland)		153,825
	2,324	Stryker Corp.		658,645
	326	Teleflex, Inc.		81,881
	1,395	Textron, Inc.		108,489
	341	The Cooper Companies, Inc.		133,420
	1,431	Zimmer Biomet Holdings, Inc.		197,693

				9,325,738

	Motion Picture and Sound Recording Industries - 0.5%
	3,059	Netflix, Inc. ^(a)		1,342,809
	1,088	Take-Two Interactive Software, Inc. ^(a)		166,399

				1,509,208

	Motor Vehicle and Parts Dealers - 0.3%
	407	Advance Auto Parts, Inc.		30,277
	123	AutoZone, Inc. ^(a)		305,252
	1,086	CarMax, Inc. ^(a)		89,714
	415	O’Reilly Automotive, Inc. ^(a)		384,203

				809,446

	National Security and International Affairs - 0.0% ^(†)
	948	Leidos Holdings, Inc.		88,666

	Nonmetallic Mineral Product Manufacturing - 0.1%
	5,266	Corning, Inc.		178,728

	Oil and Gas Extraction - 0.7%
	2,129	APA Corp.		86,203
	5,212	Coterra Energy, Inc.		143,538
	4,416	Devon Energy Corp.		238,464
	5,758	Dominion Energy, Inc.		308,341
	4,024	EOG Resources, Inc.		533,301
	2,490	EQT Corp.		105,028
	4,250	Marathon Oil Corp.		111,648
	4,952	Occidental Petroleum Corp.		312,620
	3,160	Phillips 66		352,498

				2,191,641

	Paper Manufacturing - 0.0% ^(†)
	619	Packaging Corp of America		94,924

	Performing Arts, Spectator Sports, and Related Industries - 0.2%
	4,924	Activision Blizzard, Inc.		456,750
	1,797	Electronic Arts, Inc.		245,021

				701,771

	Petroleum and Coal Products Manufacturing - 1.6%
	8,326	ConocoPhillips		980,137
	27,844	Exxon Mobil Corp.		2,985,991
	2,926	Marathon Petroleum Corp.		389,216
	2,489	Valero Energy Corp.		320,857

				4,676,201

	Pipeline Transportation - 0.1%
	8,383	Williams Companies, Inc.		288,794

	Plastics and Rubber Products Manufacturing - 0.0% ^(†)
	558	Avery Dennison Corp.		102,678
	2,596	Newell Rubbermaid, Inc.		28,971

				131,649

	Primary Metal Manufacturing - 0.1%
	2,535	Howmet Aerospace, Inc.		129,640
	1,111	Steel Dynamics, Inc.		118,410

				248,050

	Professional, Scientific, and Technical Services - 4.2%
	4,349	Accenture PLC Class A ADR (Ireland)		1,375,806
	923	CDW Corp.		172,666
	350	Charles River Laboratories International, Inc. (a)		73,339
	3,497	Cognizant Technology Solutions Corp. Class A		230,907
	1,572	DXC Technology Co. ^(a)		43,466
	2,750	Eaton Corp PLC ADR (Ireland)		564,630
	398	EPAM Systems, Inc. ^(a)		94,250
	1,454	Extra Space Storage, Inc.		202,935
	413	F5 Networks, Inc. ^(a)		65,353
	2,386	International Paper Co.		86,039
	2,658	Interpublic Group of Companies, Inc.		90,983
	1,283	IQVIA Holdings, Inc. ^(a)		287,084
	503	Jack Henry & Associates, Inc.		84,288
	868	Jacobs Solutions, Inc.		108,856
	2,213	Juniper Networks, Inc.		61,521
	1,917	Match Group, Inc. ^(a)		89,160
	15,239	Meta Platforms, Inc. ^(a)		4,855,145
	2,258	Moderna, Inc. ^(a)		265,676
	1,370	Omnicom Group, Inc.		115,929
	10,602	Oracle Corp.		1,242,873
	2,085	Palto Alto Networks, Inc. ^(a)		521,167
	2,208	Paychex, Inc.		277,038
	335	Paycom Software, Inc.		123,535
	1,405	ServiceNow, Inc. ^(a)		819,115
	327	Teledyne Technologies, Inc. ^(a)		125,741
	624	VeriSign, Inc. ^(a)		131,633
	1,001	Verisk Analytics, Inc. Class A		229,169

				12,338,304

	Publishing Industries - 8.1%
	3,159	Adobe Systems, Inc. ^(a)		1,725,351
	1,054	Akamai Technologies, Inc. ^(a)		99,603
	602	Ansys, Inc. ^(a)		205,944
	1,474	Autodesk, Inc. ^(a)		312,473
	1,875	Cadence Design Systems, Inc. ^(a)		438,769
	1,069	Ceridian HCM Holding, Inc. ^(a)		75,696
	171	Fair Isaac Corp. ^(a)		143,293
	8,925	Hewlett Packard Enterprise Co.		155,117
	1,930	Intuit, Inc.		987,581
	51,238	Microsoft Corp.		17,211,869
	2,619	News Corp. Class A		51,909
	804	News Corp. Class B		16,168
	3,913	NortonLifeLock, Inc.		76,108
	734	PTC, Inc. ^(a)		107,025
	6,738	Salesforce.com, Inc. ^(a)		1,516,117
	1,054	Synopsys, Inc. ^(a)		476,197
	288	Tyler Technologies, Inc. ^(a)		114,229

				23,713,449

	Rail Transportation - 0.5%
	14,004	CSX Corp.		466,613
	4,195	Union Pacific Corp.		973,324

				1,439,937

	Real Estate - 1.8%
	1,082	Alexandria Real Estate Equities, Inc.		135,986
	3,212	American Tower Corp.		611,276
	974	AvalonBay Communities, Inc.		183,745
	977	Boston Properties, Inc.		65,098
	736	Camden Property Trust		80,290
	2,142	CBRE Group, Inc. Class A ^(a)		178,450
	2,988	Crown Castle International Corp.		323,571
	2,013	Digital Realty Trust, Inc.		250,860
	2,354	Equity Residential		155,223
	444	Essex Property Trust, Inc.		108,136
	506	Federal Realty Investment Trust		51,369
	3,772	Healthpeak Properties, Inc.		82,343
	4,006	Invitation Homes, Inc.		142,213
	4,275	Kimco Realty Corp.		86,611
	801	Mid-America Apartment Communities, Inc.		119,878
	6,365	Prologis, Inc.		794,034
	1,086	Public Storage		305,980
	4,635	Realty Income Corp.		282,596
	1,063	Regency Centers Corp.		69,658
	2,254	Simon Property Group, Inc.		280,848
	2,134	UDR, Inc.		87,238
	2,757	Ventas, Inc.		133,770
	6,911	VICI Properties, Inc.		217,558
	3,427	Welltower, Inc.		281,528
	5,040	Weyerhaeuser Co.		171,662

				5,199,921

	Rental and Leasing Services - 0.1%
	470	United Rentals, Inc.		218,400

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.0%
	721	Ameriprise Financial, Inc.		251,232
	1,029	BlackRock, Inc.		760,277
	729	CBOE Holdings, Inc.		101,827
	10,232	Charles Schwab Corp.		676,335
	2,478	CME Group, Inc.		493,023
	4,869	Dow, Inc.		274,952
	1,969	Franklin Resources, Inc.		57,574
	2,295	Goldman Sachs Group, Inc.		816,722
	3,157	Invesco Ltd. ADR ^(a)		53,038
	263	MarketAxess Holdings, Inc.		70,805
	8,974	Morgan Stanley		821,659
	554	MSCI, Inc. Class A		303,636
	2,329	NASDAQ OMX Group, Inc.		117,591
	1,310	Raymond James Financial, Inc.		144,192
	2,259	S&P Global, Inc.		891,198

				5,834,061

	Specialty Trade Contractors - 0.1%
	1,004	Quanta Services, Inc.		202,426

	Support Activities for Agriculture and Forestry - 0.1%
	4,899	Corteva, Inc.		276,451

	Support Activities for Mining - 0.6%
	1,245	Diamondback Energy, Inc.		183,414
	6,214	Halliburton Co.		242,843
	1,907	Hess Corp.		289,349
	1,605	Pioneer Natural Resources Co.		362,200
	9,818	Schlumberger Ltd. ADR (Curaco) ^(a)		572,782
	1,561	Targa Resources Corp.		127,986

				1,778,574

	Support Activities for Transportation - 0.3%
	800	C.H. Robinson Worldwide, Inc.		80,144
	977	Expedia, Inc. ^(a)		119,712
	1,056	Expeditors International of Washington, Inc.		134,428
	570	J.B. Hunt Transport Services, Inc.		116,246
	1,571	Norfolk Southern Corp.		366,970

				817,500

	Telecommunications - 1.2%
	49,228	AT&T, Inc.		714,790
	639	Equinix, Inc.		517,539
	7,684	PayPal Holdings, Inc. ^(a)		582,601
	745	SBA Communications Corp.		163,118
	3,964	T-Mobile US, Inc. ^(a)		546,120
	28,947	Verizon Communications, Inc.		986,514

				3,510,682

	Transportation Equipment Manufacturing - 3.3%
	1,863	Aptiv PLC ADR (United Kingdom) ^(a)		203,980
	3,896	Boeing Co. ^(a)		930,560
	1,620	BorgWarner, Inc.		75,330
	27,064	Ford Motor Co.		357,515
	1,544	General Dynamics Corp.		345,208
	9,568	General Motors Co.		367,124
	4,582	Honeywell International, Inc.		889,504
	1,547	Lockheed Martin Corp.		690,534
	3,603	Paccar, Inc.		310,326
	18,550	Tesla Motors, Inc. ^(a)		4,960,826
	356	TransDigm Group, Inc.		320,300
	1,240	Wabtec Corp.		146,866

				9,598,073

	Truck Transportation - 0.1%
	619	Old Dominion Freight Line, Inc.		259,664

	Utilities - 2.4%
	4,615	AES Corp.		99,823
	1,736	Alliant Energy Corp.		93,293
	1,808	Ameren Corp.		154,891
	3,548	American Electric Power Co., Inc.		300,658
	1,344	American Water Works Co., Inc.		198,146
	1,000	Atmos Energy Corp.		121,710
	4,347	CenterPoint Energy, Inc.		130,801
	2,014	CMS Energy Corp.		122,995
	2,384	Consolidated Edison, Inc.		226,146
	2,240	Constellation Energy Corp.		216,496
	1,418	DTE Energy Co.		162,077
	5,308	Duke Energy Corp.		496,935
	2,640	Edison International		189,974
	1,459	Entergy Corp.		149,839
	1,581	Evergy, Inc.		94,813
	2,408	Eversource Energy		174,171
	6,846	Exelon Corp.		286,574
	683	First Solar, Inc. ^(a)		141,654
	3,743	FirstEnergy Corp.		147,437
	13,577	Kinder Morgan, Inc.		240,449
	13,940	NextEra Energy, Inc.		1,021,802
	2,840	NiSource, Inc.		79,066
	1,584	NRG Energy, Inc.		60,176
	3,086	Oneok, Inc.		206,885
	11,133	PG&E Corp. ^(a)		196,052
	782	Pinnacle West Capital Corp.		64,765
	5,078	PPL Corp.		139,797
	3,439	Public Service Enterprise Group, Inc.		217,070
	2,163	Sempra Energy		322,330
	7,510	Southern Co.		543,273
	2,167	WEC Energy Group, Inc.		194,727
	3,789	Xcel Energy, Inc.		237,684

				7,032,509

	Waste Management and Remediation Services - 0.1%
	1,414	Republic Services, Inc.		213,670

	Water Transportation - 0.1%
	1,517	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		165,520

	Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%
	2,816	CoStar Group, Inc. ^(a)		236,460

	Wood Product Manufacturing - 0.0% ^(†)
	1,544	Masco Corp.		93,690

		TOTAL COMMON STOCKS (Cost $236,023,800)	$	263,868,415

	SHORT TERM INVESTMENTS - 9.7%
	Money Market Funds - 9.7%
	28,149,318	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	28,149,318
	128,704	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(c)		128,704
	4,604	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		4,604

		TOTAL SHORT TERM INVESTMENTS (Cost $28,282,626)	$	28,282,626

		TOTAL INVESTMENTS (Cost $264,306,426) - 99.8% ^(e)	$	292,151,041
		Other Assets in Excess of Liabilities - 0.2%		612,871

		TOTAL NET ASSETS - 100.0%	$	292,763,912

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)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 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 $152,161,446.

ADR	- American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.6100 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		43,074	$	178,590,595$		17,317,397
Total return of S&P 500^® Index	5.9000 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		23,901		96,662,854		11,473,850
Total return of S&P 500^® Index	5.8100 % representing 1 month SOFR rate + spread	Goldman Sachs	4/9/2024		3,119		12,346,978		1,779,389

						$	287,600,427	$	30,570,636

Direxion Daily MSCI Brazil Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 35.9%
	1,391,748	iShares MSCI Brazil Capped ETF ^(a)	$	47,138,505

		TOTAL INVESTMENT COMPANIES (Cost $49,755,936)	$	47,138,505

	SHORT TERM INVESTMENTS - 65.5%
	Money Market Funds - 65.5%
	59,521,892	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	59,521,892
	1,426	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		1,426
	26,509,397	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		26,509,397

		TOTAL SHORT TERM INVESTMENTS (Cost $86,032,715)	$	86,032,715

		TOTAL INVESTMENTS (Cost $135,788,651) - 101.4% ^(c)	$	133,171,220
		Liabilities in Excess of Other Assets - (1.4)%		(1,827,744	)

		TOTAL NET ASSETS - 100.0%	$	131,343,476

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 July 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 $59,739,473.

Long Total Return Swap Contracts (Unaudited)

July 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	5.9000 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		404,574	$	12,081,291	$	1,615,759
Total return of iShares MSCI Brazil Capped ETF	4.8100 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		4,306,179		123,878,397		23,631,974
Total return of iShares MSCI Brazil Capped ETF	5.6100 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		1,447,421		38,151,391		10,896,418
Total return of iShares MSCI Brazil Capped ETF	6.0600 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		205,850		6,325,770		991,634

						$	180,436,849	$	37,135,785

Direxion Daily MSCI India Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 43.4%
	630,102	iShares MSCI India ETF ^(a)	$	28,203,365

		TOTAL INVESTMENT COMPANIES (Cost $29,024,093)	$	28,203,365

	SHORT TERM INVESTMENTS - 55.3%
	Money Market Funds - 55.3%
	22,647,082	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	22,647,082
	5,490,077	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		5,490,077
	7,796,900	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		7,796,900

		TOTAL SHORT TERM INVESTMENTS (Cost $35,934,059)	$	35,934,059

		TOTAL INVESTMENTS (Cost $64,958,152) - 98.7% ^(c)	$	64,137,424
		Other Assets in Excess of Liabilities - 1.3%		832,921

		TOTAL NET ASSETS - 100.0%	$	64,970,345

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 July 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 $17,682,251.

Long Total Return Swap Contracts (Unaudited)

July 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 India ETF	6.1000% representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		743,092	$	29,624,343	$	3,117,068
Total return of iShares MSCI India ETF	6.0600% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		913,423		39,318,151		469,025
Total return of iShares MSCI India ETF	6.1100% representing 1 month SOFR rate + spread	Barclays	12/20/2023		616,438		26,667,192		89,900

						$	95,609,686	$	3,675,993

Direxion Daily Cloud Computing Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 79.5%
	Administrative and Support Services - 0.7%
	696	Alarm.com, Inc. ^(a)	$	38,426
	874	nCino, Inc. ^(a)		28,274

				66,700

	Computer and Electronic Product Manufacturing - 0.1%
	580	Radware Ltd. ADR (Israel) ^(a)		10,898

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 5.7%
	1,036	Five9, Inc. ^(a)		90,909
	1,236	RingCentral, Inc. ^(a)		51,121
	2,368	VMware, Inc. ^(a)		373,268

				515,298

	Heavy and Civil Engineering Construction - 0.5%
	723	BlackLine, Inc. ^(a)		41,992

	Professional, Scientific, and Technical Services - 29.8%
	1,115	2U, Inc. ^(a)		5,330
	865	DigitalOcean Holdings, Inc. ^(a)		42,835
	1,987	Freshworks, Inc. ^(a)		37,077
	1,041	LivePerson, Inc. ^(a)		4,945
	542	Model N, Inc. ^(a)		18,059
	3,385	Nutanix, Inc. ^(a)		102,227
	3,290	Oracle Corp.		385,687
	756	Paycom Software, Inc.		278,783
	609	Paylocity Holding Corp. ^(a)		138,152
	611	PROS Holdings, Inc. ^(a)		23,218
	2,352	SAP SE ADR (Germany)		320,695
	673	ServiceNow, Inc. ^(a)		392,359
	2,123	Snowflake, Inc.^(a)		377,278
	2,101	Vimeo, Inc. ^(a)		8,656
	1,523	Workday, Inc. ^(a)		361,149
	1,274	Zscaler, Inc. ^(a)		204,324

				2,700,774

	Publishing Industries - 40.0%
	1,580	ACI Worldwide, Inc. ^(a)		36,640
	775	Adobe Systems, Inc. ^(a)		423,282
	2,274	Akamai Technologies, Inc. ^(a)		214,893
	273	AppFolio, Inc. ^(a)		49,301
	1,894	Atlassian Corp. ^(a)		344,594
	1,444	Autodesk, Inc. ^(a)		306,114
	1,503	Bill.com Holdings, Inc. ^(a)		188,386
	628	Blackbaud, Inc. ^(a)		47,383
	2,055	Box, Inc. ^(a)		64,219
	1,276	C3.ai, Inc. ^(a)(b)		53,592
	867	Clearwater Analytics Holdings, Inc. ^(a)		14,938
	2,204	CrowdStrike Holdings, Inc. ^(a)		356,299
	2,943	DocuSign, Inc. ^(a)		158,392
	3,909	Dropbox, Inc. ^(a)		105,347
	426	Enfusion, Inc. ^(a)		4,622
	588	Everbridge, Inc. ^(a)		18,134
	1,622	Informatica, Inc. ^(a)		30,883
	142	MicroStrategy, Inc. Class A ^(a)		62,179
	931	Paycor HCM, Inc. ^(a)		25,007
	534	Qualys, Inc. ^(a)		74,119
	1,525	Salesforce.com, Inc. ^(a)		343,140
	533	SPS Commerce, Inc. ^(a)		96,148
	2,599	Twilio, Inc. ^(a)		171,612
	1,651	Veeva Systems, Inc. ^(a)		337,167
	685	Workiva, Inc. ^(a)		72,124
	1,840	Zuora, Inc. ^(a)		21,583

				3,620,098

	Telecommunications - 2.7%
	1,588	8x8, Inc. ^(a)		7,527
	3,213	Zoom Video Communications, Inc. ^(a)		235,673

				243,200

		TOTAL COMMON STOCKS (Cost $7,432,610)	$	7,198,960

	SHORT TERM INVESTMENTS - 17.4%
	Money Market Funds - 17.4%
	1,492,784	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	1,492,784
	1	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		1
	80,182	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		80,182

		TOTAL SHORT TERM INVESTMENTS (Cost $1,572,967)	$	1,572,967

		TOTAL INVESTMENTS (Cost $9,005,577) - 96.9% ^(e)	$	8,771,927
		Other Assets in Excess of Liabilities - 3.1%		285,679

		TOTAL NET ASSETS - 100.0%	$	9,057,606

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 July 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 $2,196,875.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.4600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		6,313	$	4,414,885	$	1,086,528
Total return of Indxx USA Cloud Computing Index	5.4600 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		5,952		5,103,914		169,959

							$	9,518,799	$	1,256,487

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares		Fair Value
COMMON STOCKS - 78.5%
Computer and Electronic Product Manufacturing - 5.7%
56,490	Blink Charging Co. ^(a)	$	361,536
41,878	Indie Semiconductor, Inc. ^(a)		397,003

			758,539

Machinery Manufacturing - 3.1%
14,838	PHINIA Inc. ^(a)		420,954

Management of Companies and Enterprises - 4.3%
14,167	EHang Holdings Ltd. ADR (China) ^(a)		321,024
57,060	Polestar Automotive Holding UK PLC ADR (Sweden) ^(a)		255,629

			576,653

Motor Vehicle and Parts Dealers - 2.5%
75,523	EVgo, Inc. ^(a)		330,036

Printing and Related Support Activities - 3.2%
69,558	Fisker, Inc. ^(a)		429,173

Rental and Leasing Services - 1.9%
9,231	Cerence, Inc. ^(a)		256,714

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 10.7%
51,293	ChargePoint Holdings, Inc. ^(a)		444,198
64,834	Nio, Inc. ADR (China) ^(a)		991,960

			1,436,158

Specialty Trade Contractors - 4.5%
45,316	QuantumScape Corp. ^(a)		603,156

Transportation Equipment Manufacturing - 42.6%
9,269	BorgWarner, Inc.		431,009
13,559	Gentex Corp.		455,311
19,919	Li Auto, Inc. ADR (China) ^(a)		852,533
106,067	Lucid Group, Inc. ^(a)		807,170
62,359	Luminar Technologies, Inc. ^(a)		461,457
179,741	Nikola Corp. ^(a)		479,908
29,466	Rivian Automotive, Inc. ^(a)		814,440
2,827	Tesla Motors, Inc. ^(a)		756,025
15,121	The Lion Electric Company ADR (Canada) ^(a)		39,617
13,732	Wallbox N.V. ADR (Spain) ^(a)		57,949
26,720	XPeng, Inc. ADR (China) ^(a)		558,982

			5,714,401

	TOTAL COMMON STOCKS (Cost $9,223,614)	$	10,525,784

SHORT TERM INVESTMENTS - 21.3%
Money Market Funds - 21.3%
1,081,556	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	1,081,556
90,670	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		90,670
1,686,581	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		1,686,581

	TOTAL SHORT TERM INVESTMENTS (Cost $2,858,807)	$	2,858,807

	TOTAL INVESTMENTS (Cost $12,082,421) - 99.8% ^(c)	$	13,384,591
	Other Assets in Excess of Liabilities - 0.2%		30,729

	TOTAL NET ASSETS - 100.0%	$	13,415,320

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 July 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 $3,929,719.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.4100 % representing 1 month SOFR rate + spread	Goldman Sachs		12/7/2023		3,119	$	4,136,021	$	34,006
Total return of Indxx US Electric and Autonomous Vehicles Index	5.3100 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		4,837		6,401,017		87,994
Total return of Indxx US Electric and Autonomous Vehicles Index	5.8100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/14/2023		4,140		5,478,420		87,353

							$	16,015,458	$	209,353

Direxion Daily Energy Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 68.9%
	Gasoline Stations and Fuel Dealers - 12.9%
	335,046	Chevron Corp.	$	54,833,628

	Machinery Manufacturing - 1.8%
	218,274	Baker Hughes Co.		7,812,027

	Oil and Gas Extraction - 13.2%
	66,535	APA Corp.		2,694,002
	163,316	Coterra Energy, Inc.		4,497,722
	138,362	Devon Energy Corp.		7,471,548
	105,063	EOG Resources, Inc.		13,923,999
	77,976	EQT Corp.		3,289,028
	133,159	Marathon Oil Corp.		3,498,087
	154,913	Occidental Petroleum Corp.		9,779,658
	98,934	Phillips 66		11,036,088

				56,190,132

	Petroleum and Coal Products Manufacturing - 23.0%
	117,560	ConocoPhillips		13,839,163
	581,306	Exxon Mobil Corp.		62,339,255
	91,478	Marathon Petroleum Corp.		12,168,404
	77,949	Valero Energy Corp.		10,048,406

				98,395,228

	Pipeline Transportation - 2.1%
	262,652	Williams Companies, Inc.		9,048,361

	Support Activities for Mining - 12.6%
	39,049	Diamondback Energy, Inc.		5,752,699
	194,521	Halliburton Co.		7,601,881
	59,583	Hess Corp.		9,040,528
	50,397	Pioneer Natural Resources Co.		11,373,091
	274,036	Schlumberger Ltd. ADR (Curaco) ^(a)		15,987,260
	48,734	Targa Resources Corp.		3,995,701

				53,751,160

	Utilities - 3.3%
	425,237	Kinder Morgan, Inc.		7,530,947
	96,469	Oneok, Inc.		6,467,282

				13,998,229

		TOTAL COMMON STOCKS (Cost $242,168,495)	$	294,028,765

	SHORT TERM INVESTMENTS - 28.6%
	Money Market Funds - 28.6%
	114,265,352	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	114,265,352
	7,763,498	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		7,763,498

		TOTAL SHORT TERM INVESTMENTS (Cost $122,028,850)	$	122,028,850

		TOTAL INVESTMENTS (Cost $364,197,345) - 97.5% ^(c)	$	416,057,615
		Other Assets in Excess of Liabilities - 2.5%		10,896,111

		TOTAL NET ASSETS - 100.0%	$	426,953,726

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 July 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 $197,181,063.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.8000 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		236,237	$	209,247,287	$	6,409,784
Total return of Energy Select Sector Index	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		84,231		72,497,844		4,282,253
Total return of Energy Select Sector Index	5.9400 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		114,079		96,358,034		7,840,286
Total return of Energy Select Sector Index	5.8100 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		173,891		145,075,321		14,180,872

						$	523,178,486	$	32,713,195

Direxion Daily Energy Bear 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 105.4%
	Money Market Funds - 105.4%
	21,045,719	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	21,045,719
	1,850,420	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		1,850,420
	1,354,426	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		1,354,426

		TOTAL SHORT TERM INVESTMENTS (Cost $24,250,565) ^(b)	$	24,250,565

		TOTAL INVESTMENTS (Cost $24,250,565) - 105.4%	$	24,250,565
		Liabilities in Excess of Other Assets - (5.4)%		(1,252,142	)

		TOTAL NET ASSETS - 100.0%	$	22,998,423

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 July 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 $9,938,106.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3500% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	BNP Paribas	12/5/2023		16,167	$	14,524,435	$	(266,501	)
5.3100% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	J.P. Morgan	12/12/2023		7,900		6,956,210		(290,409	)
5.6300% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	UBS Securities LLC	12/13/2023		16,960		15,458,944		(32,834	)
5.5100% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	Barclays	12/20/2023		8,960		7,771,684		(424,460	)

						$	44,711,273	$	(1,014,204	)

Direxion Daily Global Clean Energy Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 82.8%
	202,950	iShares Global Clean Energy ETF ^(a)	$	3,709,926

		TOTAL INVESTMENT COMPANIES (Cost $4,337,499)	$	3,709,926

	SHORT TERM INVESTMENTS - 22.0%
	Money Market Funds - 22.0%
	150,051	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	150,051
	837,315	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		837,315

		TOTAL SHORT TERM INVESTMENTS (Cost $987,366)	$	987,366

		TOTAL INVESTMENTS (Cost $5,324,865) - 104.8% ^(c)	$	4,697,292
		Liabilities in Excess of Other Assets - (4.8)%		(219,395	)

		TOTAL NET ASSETS - 100.0%	$	4,477,897

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 July 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 $2,955,857.

Long Total Return Swap Contracts (Unaudited)

July 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 The S&P Global Clean Energy Index	5.7600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		249,794	$	4,685,592	$	(155,452	)
Total return of The S&P Global Clean Energy Index	5.8600 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		37,180		730,438		(72,153	)

						$	5,416,030	$	(227,605	)

Direxion Daily Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 50.3%
	8,005,503	VanEck Vectors™ Gold Miners ETF ^(a)	$	251,452,849

		TOTAL INVESTMENT COMPANIES (Cost $236,639,084)	$	251,452,849

	SHORT TERM INVESTMENTS - 46.4%
	Money Market Funds - 46.4%
	181,561,262	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	181,561,262
	18,359,623	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		18,359,623
	31,612,510	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		31,612,510

		TOTAL SHORT TERM INVESTMENTS (Cost $231,533,395)	$	231,533,395

		TOTAL INVESTMENTS (Cost $468,172,479) - 96.7% ^(c)	$	482,986,244
		Other Assets in Excess of Liabilities - 3.3%		16,474,983

		TOTAL NET ASSETS - 100.0%	$	499,461,227

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 July 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 $320,812,604.

Long Total Return Swap Contracts (Unaudited)

July 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	6.1000 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		3,631,213	$	106,442,108	$	6,354,687
Total return of VanEck Vectors^® Gold Miners ETF	5.9100 % representing 1 month SOFR rate + spread	Goldman Sachs	12/7/2023		3,100,000		91,066,938		4,216,545
Total return of VanEck Vectors^® Gold Miners ETF	6.1600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		4,319,954		128,223,254		5,035,928
Total return of VanEck Vectors^® Gold Miners ETF	6.1600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		3,944,792		115,956,195		5,661,461
Total return of VanEck Vectors^® Gold Miners ETF	6.3500 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		4,963,991		147,006,387		6,195,088
Total return of VanEck Vectors^® Gold Miners ETF	6.0400 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		3,837,022		112,593,127		6,312,237

						$	701,288,009	$	33,775,946

Direxion Daily Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 106.9%
	Money Market Funds - 106.9%
	130,500,058	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	130,500,058
	28,260,917	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		28,260,917

		TOTAL SHORT TERM INVESTMENTS (Cost $158,760,975) ^(b)	$	158,760,975

		TOTAL INVESTMENTS (Cost $158,760,975) - 106.9%	$	158,760,975
		Liabilities in Excess of Other Assets - (6.9)%		(10,257,047	)

		TOTAL NET ASSETS - 100.0%	$	148,503,928

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 July 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 $60,280,791.

Short Total Return Swap Contracts (Unaudited)

July 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
5.6900% representing 1 month SOFR rate + spread	Total return of VanEck Vectors^® Gold Miners ETF	BNP Paribas	12/5/2023		1,843,924	$	59,926,904	$	2,887,248
5.9600% representing 1 month SOFR rate + spread	Total return of VanEck Vectors^® Gold Miners ETF	Bank of America Merrill Lynch	12/8/2023		1,595,584		53,104,111		3,531,644
5.2600% representing 1 month SOFR rate + spread	Total return of VanEck Vectors^® Gold Miners ETF	J.P. Morgan	12/12/2023		400,000		13,437,562		1,053,464
5.9000% representing 1 month SOFR rate + spread	Total return of VanEck Vectors^® Gold Miners ETF	UBS Securities LLC	12/13/2023		3,009,268		98,556,972		5,016,484
5.7800% representing 1 month SOFR rate + spread	Total return of VanEck Vectors^® Gold Miners ETF	Citibank N.A.	12/19/2023		2,607,092		83,180,162		1,608,776

						$	308,205,711	$	14,097,616

Direxion Daily Junior Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 38.9%
	3,022,941	VanEck Vectors^TMJunior Gold Miners ETF ^(a)	$	113,843,958

		TOTAL INVESTMENT COMPANIES (Cost $110,394,033)	$	113,843,958

	SHORT TERM INVESTMENTS - 56.4%
	Money Market Funds - 56.4%
	141,182,821	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	141,182,821
	23,828,723	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		23,828,723

		TOTAL SHORT TERM INVESTMENTS (Cost $165,011,544)	$	165,011,544

		TOTAL INVESTMENTS (Cost $275,405,577) - 95.3% ^(c)	$	278,855,502
		Other Assets in Excess of Liabilities - 4.7%		13,483,953

		TOTAL NET ASSETS - 100.0%	$	292,339,455

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 July 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 $146,730,283.

Long Total Return Swap Contracts (Unaudited)

July 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^TMJunior Gold Miners ETF	6.1000% representing 1 month SOFR rate + spread	BNP Paribas		12/5/2023		3,694,056	$	129,089,103	$	6,575,676
Total return of VanEck Vectors^TMJunior Gold Miners ETF	6.1100% representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		1,597,792		57,316,599		1,708,892
Total return of VanEck Vectors^TMJunior Gold Miners ETF	6.2400% representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		2,030,632		73,244,481		2,025,996
Total return of VanEck Vectors^TMJunior Gold Miners ETF	6.0300% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		5,179,798		185,229,810		5,558,163

							$	444,879,993	$	15,868,727

Direxion Daily Junior Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 106.3%
	Money Market Funds - 106.3%
	88,311,916	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	88,311,916
	21,552,147	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		21,552,147

		TOTAL SHORT TERM INVESTMENTS (Cost $109,864,063) ^(b)	$	109,864,063

		TOTAL INVESTMENTS (Cost $109,864,063) - 106.3%	$	109,864,063
		Liabilities in Excess of Other Assets - (6.3)%		(6,501,215	)

		TOTAL NET ASSETS - 100.0%	$	103,362,848

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 July 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 $47,993,524.

Short Total Return Swap Contracts (Unaudited)

July 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
5.6900 % representing 1 month SOFR rate + spread	Total return of VanEck Vectors^TM Junior Gold Miners ETF	BNP Paribas	12/5/2023		1,482,898	$	57,301,143	$	2,203,695
5.2100 % representing 1 month SOFR rate + spread	Total return of VanEck Vectors^TM Junior Gold Miners ETF	J.P. Morgan	12/12/2023		1,531,593		62,415,870		5,721,151
5.8800 % representing 1 month SOFR rate + spread	Total return of VanEck Vectors^TM Junior Gold Miners ETF	UBS Securities LLC	12/13/2023		1,039,668		41,615,033		2,870,898
5.7100 % representing 1 month SOFR rate + spread	Total return of VanEck Vectors^TM Junior Gold Miners ETF	Citibank N.A.	12/19/2023		1,435,289		54,162,465		521,408

						$	215,494,511	$	11,317,152

Direxion Daily NYSE FANG+ Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 38.9%
	Computer and Electronic Product Manufacturing - 15.5%
	6,790	Advanced Micro Devices, Inc. ^(a)	$	776,776
	6,991	Alphabet, Inc. Class A ^(a)		927,845
	4,700	Apple, Inc.		923,315
	2,010	NVIDIA Corp.		939,253

				3,567,189

	General Merchandise Retailers - 4.0%
	6,838	Amazon.com, Inc. ^(a)		914,104

	Motion Picture and Sound Recording Industries - 3.7%
	1,961	Netflix, Inc. ^(a)		860,820

	Professional, Scientific, and Technical Services - 8.1%
	3,163	Meta Platforms, Inc. ^(a)		1,007,732
	4,775	Snowflake, Inc. ^(a)		848,565

				1,856,297

	Publishing Industries - 3.7%
	2,563	Microsoft Corp.		860,963

	Transportation Equipment Manufacturing - 3.9%
	3,367	Tesla Motors, Inc. ^(a)		900,437

		TOTAL COMMON STOCKS (Cost $6,824,020)	$	8,959,810

	SHORT TERM INVESTMENTS - 85.9%
	Money Market Funds - 85.9%
	18,846,389	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	18,846,389
	950,004	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		950,004
	635	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		635

		TOTAL SHORT TERM INVESTMENTS (Cost $19,797,028)	$	19,797,028

		TOTAL INVESTMENTS (Cost $26,621,048) - 124.8% ^(c)	$	28,756,838
		Liabilities in Excess of Other Assets - (24.8)%		(5,705,042	)

		TOTAL NET ASSETS - 100.0%	$	23,051,796

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 July 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 $10,085,739.

Long Total Return Swap Contracts (Unaudited)

July 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 NYSE FANG+ Index	5.9000% representing 1 month SOFR rate + spread		UBS Securities LLC		12/13/2023		2,476	$	19,825,291	$	(222,281	)
Total return of NYSE FANG+ Index	5.9600% representing 1 month SOFR rate + spread		Barclays		12/20/2023		2,143		16,657,018		480,626

								$	36,482,309	$	258,345

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

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 61.0%
	845,808	Global X Robotics & Artificial Intelligence ETF ^(a)	$	24,646,845

		TOTAL INVESTMENT COMPANIES (Cost $22,359,477)	$	24,646,845

	SHORT TERM INVESTMENTS - 38.8%
	Money Market Funds - 38.8%
	7,712,853	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	7,712,853
	1,939,299	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		1,939,299
	6,020,270	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		6,020,270

		TOTAL SHORT TERM INVESTMENTS (Cost $15,672,422)	$	15,672,422

		TOTAL INVESTMENTS (Cost $38,031,899) - 99.8% ^(c)	$	40,319,267
		Other Assets in Excess of Liabilities - 0.2%		106,375

		TOTAL NET ASSETS - 100.0%	$	40,425,642

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 July 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 $11,596,555.

Long Total Return Swap Contracts (Unaudited)

July 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	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		488,745	$	10,420,996	$	3,507,297
Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index	6.1000 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		571,257		13,974,284		2,387,686
Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index	5.9100 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		548,383		14,696,089		1,141,958
Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index	6.0600 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		320,390		8,349,696		872,956

						$	47,441,065	$	7,909,897

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

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 49.0%
	Chemical Manufacturing - 0.2%
	711,714	Gevo, Inc. (a)	$	1,224,148

	Gasoline Stations and Fuel Dealers - 1.9%
	43,283	Chevron Corp.		7,083,696
	226,003	Delek US Holdings, Inc.		6,235,423

				13,319,119

	Merchant Wholesalers, Durable Goods - 0.1%
	9,373	REX American Resources Corp. ^(a)		346,988

	Merchant Wholesalers, Nondurable Goods - 0.2%
	56,700	World Fuel Services Corp.		1,278,018

	Mining (except Oil and Gas) - 1.2%
	393,303	CNX Resources Corp. ^(a)		8,023,381

	Oil and Gas Extraction - 27.4%
	322,650	Antero Resources Corp. ^(a)		8,630,887
	205,798	APA Corp.		8,332,761
	92,686	Berry Petroleum Corp.		722,951
	273,745	Clean Energy Fuels Corp. ^(a)		1,349,563
	591,062	Comstock Resources Inc. ^(b)		7,536,041
	279,839	Coterra Energy, Inc.		7,706,766
	61,017	Crescent Energy Co. ^(b)		724,272
	137,869	Devon Energy Corp.		7,444,926
	169,146	Earthstone Energy, Inc. ^(a)(b)		2,702,953
	59,147	EOG Resources, Inc.		7,838,752
	178,358	EQT Corp.		7,523,140
	116,566	Green Plains, Inc. ^(a)		4,139,259
	722,694	Kosmos Energy Ltd. ^(a)		5,131,127
	250,164	Magnolia Oil & Gas Corp.		5,541,133
	291,962	Marathon Oil Corp.		7,669,842
	135,349	Matador Resources Co.		7,529,465
	179,006	Murphy Oil Corp.		7,745,590
	183,728	Northern Oil and Gas, Inc.		7,233,371
	45,427	Oasis Petroleum, Inc.		7,124,771
	115,911	Occidental Petroleum Corp.		7,317,461
	182,285	Ovintiv, Inc.		8,401,516
	130,267	Par Pacific Holdings, Inc. ^(a)		4,100,805
	95,521	PDC Energy, Inc.		7,249,089
	69,619	Phillips 66		7,765,999
	241,419	Range Resources Corp.		7,587,799
	30,345	SilverBow Resources, Inc. ^(a)		1,086,654
	87,768	Sitio Royalties Corp.		2,399,577
	236,763	SM Energy Co.		8,592,129
	1,307,161	Southwestern Energy Co. ^(a)		8,470,403
	268,782	Talos Energy, Inc. ^(a)		4,300,512
	1,382,498	Tellurian, Inc. ^(a)(b)		2,377,897
	217,489	VAALCO Energy, Inc.		967,826
	40,941	Vitesse Energy, Inc.		1,031,304
	397,195	W&T Offshore, Inc. ^(a)		1,739,714

				186,016,255

	Petroleum and Coal Products Manufacturing - 8.6%
	66,183	ConocoPhillips		7,791,063
	146,045	CVR Energy, Inc.		5,365,693
	64,024	Exxon Mobil Corp.		6,865,934
	150,056	HF Sinclair Corp.		7,816,417
	60,843	Marathon Petroleum Corp.		8,093,336
	164,924	PBF Energy, Inc.		7,823,994
	60,637	Valero Energy Corp.		7,816,716
	426,947	Vertex Energy, Inc. ^(a)(b)		2,250,011
	93,426	Vital Energy, Inc. ^(a)		4,931,024

				58,754,188

	Printing and Related Support Activities - 1.1%
	663,032	Permian Resources Corp.		7,750,844

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.1%
	4,938	Texas Pacific Land Corp.		7,438,110

	Support Activities for Mining - 7.2%
	85,660	California Resources Corp.		4,569,961
	205,489	Callon Petroleum Co. ^(a)		7,718,167
	78,502	Civitas Resources, Inc.		5,876,659
	75,136	Denbury, Inc. ^(a)		6,605,206
	51,978	Diamondback Energy, Inc.		7,657,399
	15,131	Gulfport Energy Corp. ^(a)		1,550,171
	50,412	Hess Corp.		7,649,013
	33,573	Pioneer Natural Resources Co.		7,576,419

				49,202,995

		TOTAL COMMON STOCKS (Cost $323,718,225)	$	333,354,046

	SHORT TERM INVESTMENTS - 48.9%
	Money Market Funds - 48.9%
	269,696,852	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	269,696,852
	43,441	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(c)		43,441
	62,717,506	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		62,717,506

		TOTAL SHORT TERM INVESTMENTS (Cost $332,457,799)	$	332,457,799

		TOTAL INVESTMENTS (Cost $656,176,024) - 97.9% ^(e)	$	665,811,845
		Other Assets in Excess of Liabilities - 2.1%		13,926,080

		TOTAL NET ASSETS - 100.0%	$	679,737,925

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 July 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 $420,430,232.

Long Total Return Swap Contracts (Unaudited)

July 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	5.8500 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		33,491	$	176,441,305	$	5,257,441
Total return of S&P Oil & Gas Exploration & Production Select Industry Index	5.8100 % representing 1 month SOFR rate + spread	Goldman Sachs	12/7/2023		33,085		160,196,907		21,350,666
Total return of S&P Oil & Gas Exploration & Production Select Industry Index	5.7100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		28,016		133,179,574		20,653,668
Total return of S&P Oil & Gas Exploration & Production Select Industry Index	5.5600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		32,374		167,860,507		8,643,842
Total return of S&P Oil & Gas Exploration & Production Select Industry Index	5.6500 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		23,878		116,328,626		14,954,740
Total return of S&P Oil & Gas Exploration & Production Select Industry Index	5.7400 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		34,922		172,554,206		18,591,028

						$	926,561,125	$	89,451,385

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

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 111.9%
	Money Market Funds - 111.9%
	48,385,166	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	48,385,166
	14,075,092	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		14,075,092
	23,096,605	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		23,096,605

		TOTAL SHORT TERM INVESTMENTS (Cost $85,556,863) ^(b)	$	85,556,863

		TOTAL INVESTMENTS (Cost $85,556,863) - 111.9%	$	85,556,863
		Liabilities in Excess of Other Assets - (11.9)%		(9,097,942	)

		TOTAL NET ASSETS - 100.0%	$	76,458,921

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 July 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 $39,640,591.

Short Total Return Swap Contracts (Unaudited)

July 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
5.5100% representing 1 month SOFR rate + spread	Total return of S&P Oil & Gas Exploration & Production Select Industry Index	Goldman Sachs		12/7/2023		9,763	$	51,174,073	$	(2,407,894	)
5.5100% 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		5,041		25,639,289		(2,009,527	)
4.9100% representing 1 month SOFR rate + spread	Total return of S&P Oil & Gas Exploration & Production Select Industry Index	J.P. Morgan		12/12/2023		5,422		28,367,092		(1,305,052	)
5.3400% representing 1 month SOFR rate + spread	Total return of S&P Oil & Gas Exploration & Production Select Industry Index	UBS Securities LLC		12/13/2023		2,565		13,338,060		(648,404	)
5.4500% representing 1 month SOFR rate + spread	Total return of S&P Oil & Gas Exploration & Production Select Industry Index	Citibank N.A.		12/19/2023		4,893		25,078,424		(1,684,737	)

							$	143,596,938	$	(8,055,614	)

Direxion Daily Travel & Vacation Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 74.1%
	Accommodation - 31.5%
	6,248	Airbnb, Inc. ^(a)	$	950,883
	9,489	Apple Hospitality REIT, Inc.		147,079
	7,740	Atour Lifestyle Holdings Ltd. ADR ^(a)(b)		156,812
	2,773	Boyd Gaming Co.		189,451
	4,479	Caesars Entertainment Inc. ^(a)		264,351
	1,437	Choice Hotels International, Inc.		187,888
	2,909	Hilton Grand Vacations, Inc. ^(a)		135,269
	5,064	Hilton Worldwide Holdings, Inc.		787,401
	15,073	Host Hotels & Resorts, Inc.		277,343
	6,669	Huazhu Group Ltd. ADR ^(a)		320,379
	1,430	Hyatt Hotels Corp.		180,681
	3,919	InterContinental Hotels Group PLC ADR (United Kingdom) ^(b)		295,493
	9,305	Las Vegas Sands Corp. ^(a)		556,532
	4,109	Marriott International, Inc. Class A		829,237
	11,549	Melco Crown Entertainment Ltd. ADR ^(a)		157,297
	7,439	MGM Resorts International		377,678
	9,764	Park Hotels & Resorts, Inc.		133,083
	5,466	Penn National Gaming, Inc. ^(a)		143,701
	11,324	Sunstone Hotel Investors, Inc.		115,392
	3,544	Travel + Leisure Co.		144,347
	920	Vail Resorts, Inc.		216,651
	2,706	Wyndham Hotels & Resorts, Inc.		210,852

				6,777,800

	Administrative and Support Services - 6.5%
	275	Booking Holdings, Inc. ^(a)		816,970
	3,871	Live Nation Entertainment, Inc. ^(a)		339,680
	4,431	Six Flags Entertainment Corp. ^(a)		105,901
	7,552	TripAdvisor, Inc. ^(a)		140,845

				1,403,396

	Air Transportation - 13.6%
	4,224	Alaska Air Group, Inc. ^(a)		205,413
	1,051	Allegiant Travel Co. ^(a)		130,009
	18,058	American Airlines Group, Inc. ^(a)		302,472
	1,119	Copa Holdings SA ADR (Panama)		132,064
	14,956	Delta Air Lines, Inc.		691,865
	18,752	JetBlue Airways Corp. ^(a)		145,703
	3,490	Ryanair Holdings PLC ADR (Ireland) ^(a)		357,830
	11,671	Southwest Airlines Co.		398,681
	7,873	Spirit Airlines, Inc.		144,076
	7,707	United Continental Holdings, Inc. ^(a)		418,567

				2,926,680

	Amusement, Gambling, and Recreation Industries - 5.0%
	2,139	SeaWorld Entertainment, Inc. ^(a)		118,436
	7,871	The Walt Disney Co. ^(a)		699,653
	2,365	Wynn Resorts Ltd.		257,738

				1,075,827

	Management of Companies and Enterprises - 6.5%
	27,286	Carnival Corp. ADR (Panama) ^(a)		514,068
	12,800	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		282,496
	14,845	Trip.com Group Ltd. ADR (China) ^(a)		609,239

				1,405,803

	Performing Arts, Spectator Sports, and Related Industries - 1.0%
	1,805	Churchill Downs, Inc.		209,109

	Real Estate - 5.9%
	6,029	Gaming & Leisure Properties, Inc.		286,136
	1,253	Marriott Vacations Worldwide Corp.		161,023
	7,773	Pebblebrook Hotel Trust		120,093
	1,940	Ryman Hospitality Properties, Inc.		184,863
	16,063	VICI Properties, Inc.		505,663

				1,257,778

	Support Activities for Transportation - 2.0%
	3,494	Expedia, Inc. ^(a)		428,120

	Water Transportation - 2.1%
	4,080	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		445,169

		TOTAL COMMON STOCKS (Cost $16,437,281)	$	15,929,682

	SHORT TERM INVESTMENTS - 25.0%
	Money Market Funds - 25.0%
	3,324,812	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	3,324,812
	2	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		2
	2,049,097	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		2,049,097

		TOTAL SHORT TERM INVESTMENTS (Cost $5,373,911)	$	5,373,911

		TOTAL INVESTMENTS (Cost $21,811,192) - 99.1% ^(e)	$	21,303,593
		Other Assets in Excess of Liabilities - 0.9%		206,466

		TOTAL NET ASSETS - 100.0%	$	21,510,059

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 July 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 $8,873,049.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.8100% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		67,069	$	9,230,431	$	1,038,744
Total return of BlueStar^®Travel and Vacation Index	5.7600% representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		107,788		16,437,377		218,919

						$	25,667,808	$	1,257,663

Direxion Daily Mid Cap Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 64.1%
	170,109	iShares Core S&P Mid-Cap ETF ^(a)	$	46,337,692

		TOTAL INVESTMENT COMPANIES (Cost $42,914,418)	$	46,337,692

	SHORT TERM INVESTMENTS - 34.8%
	Money Market Funds - 34.8%
	14,029,996	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	14,029,996
	11,126,003	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		11,126,003

		TOTAL SHORT TERM INVESTMENTS (Cost $25,155,999)	$	25,155,999

		TOTAL INVESTMENTS (Cost $68,070,417) - 99.0% ^(c)	$	71,493,691
		Other Assets in Excess of Liabilities - 1.0%		741,846

		TOTAL NET ASSETS - 100.0%	$	72,235,537

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 July 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 $46,168,448.

Long Total Return Swap Contracts (Unaudited)

July 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	5.7600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		7,218	$	18,242,226	$	1,187,817
Total return of S&P MidCap 400^® Index	5.6100 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		24,199		60,424,157		4,764,623
Total return of S&P MidCap 400^® Index	5.8500 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		14,531		37,190,493		2,129,082
Total return of S&P MidCap 400^® Index	5.7100 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		16,494		41,843,023		2,520,583

						$	157,699,899	$	10,602,105

Direxion Daily S&P 500^® Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 73.8%
	Accommodation - 0.3%
	14,385	Caesars Entertainment Inc. ^(a)	$	849,003
	17,586	Hilton Worldwide Holdings, Inc.		2,734,447
	47,458	Host Hotels & Resorts, Inc.		873,227
	21,926	Las Vegas Sands Corp. ^(a)		1,311,394
	17,207	Marriott International, Inc. Class A		3,472,545
	20,156	MGM Resorts International		1,023,320

				10,263,936

	Administrative and Support Services - 1.7%
	5,787	Allegion PLC ADR (Ireland)		676,269
	98,188	Amcor PLC ADR (United Kingdom)		1,007,409
	27,546	Automatic Data Processing, Inc.		6,811,024
	2,423	Booking Holdings, Inc. ^(a)		7,198,248
	7,864	Broadridge Financial Solutions, Inc.		1,320,523
	8,250	Equifax, Inc.		1,683,660
	2,595	FactSet Research System, Inc.		1,128,929
	4,954	FleetCor Technologies, Inc. ^(a)		1,233,100
	5,194	Gartner, Inc. ^(a)		1,836,546
	19,457	Iron Mountain, Inc.		1,194,660
	9,578	Live Nation Entertainment, Inc. ^(a)		840,470
	10,548	Moody’s Corp.		3,720,807
	7,201	Robert Half International, Inc.		533,954
	15,484	Rollins, Inc.		632,212
	107,899	Visa, Inc. Class A		25,650,829
	24,746	Waste Management, Inc.		4,053,147

				59,521,787

	Air Transportation - 0.2%
	8,533	Alaska Air Group, Inc. ^(a)		414,960
	43,567	American Airlines Group, Inc. ^(a)		729,747
	42,840	Delta Air Lines, Inc.		1,981,779
	39,671	Southwest Airlines Co.		1,355,161
	21,923	United Continental Holdings, Inc. ^(a)		1,190,638

				5,672,285

	Ambulatory Health Care Services - 0.1%
	3,731	DaVita, Inc. ^(a)		380,525
	5,998	Laboratory Corp. of America Holdings		1,283,152
	3,905	Molina Healthcare, Inc. ^(a)		1,189,033
	7,406	Quest Diagnostics, Inc.		1,001,365
	79,986	Viatris, Inc.		842,253

				4,696,328

	Amusement, Gambling, and Recreation Industries - 0.4%
	17,431	Global Payments, Inc.		1,921,768
	121,922	The Walt Disney Co. ^(a)		10,837,647
	6,840	Wynn Resorts Ltd.		745,423

				13,504,838

	Apparel Manufacturing - 0.0% ⁽^†⁾
	2,757	Ralph Lauren Corp.		362,077
	22,024	VF Corp.		436,295

				798,372

	Beverage and Tobacco Product Manufacturing - 1.7%
	119,072	Altria Group, Inc.		5,408,250
	259,650	Coca-Cola Co.		16,080,125
	10,710	Constellation Brands, Inc. Class A		2,921,688
	56,130	Keurig Dr Pepper, Inc.		1,908,981
	12,508	Molson Coors Brewing Co. Class B		872,683
	51,000	Monster Beverage Corp. ^(a)		2,931,990
	91,925	PepsiCo, Inc.		17,232,261
	103,488	Philip Morris International, Inc.		10,319,823

				57,675,801

	Broadcasting and Content Providers - 0.5%
	6,861	Charter Communications, Inc. ^(a)		2,780,008
	277,507	Comcast Corp. Class A		12,559,967
	17,914	FOX Corp. Class A		599,223
	9,059	FOX Corp. Class B		284,543
	33,856	Paramount Global Class B ^(b)		542,712
	147,869	Warner Bros Discovery, Inc. ^(a)		1,932,648

				18,699,101

	Building Material and Garden Equipment and Supplies Dealers - 1.0%
	39,767	Lowe’s Companies, Inc.		9,316,215
	3,495	Snap-on, Inc.		952,178
	67,507	The Home Depot, Inc.		22,536,537
	7,302	Tractor Supply Co.		1,635,575

				34,440,505

	Chemical Manufacturing - 5.6%
	117,677	AbbVie, Inc.		17,602,126
	14,782	Air Products & Chemicals, Inc.		4,513,388
	7,826	Albemarle Corp.		1,661,303
	35,566	Amgen, Inc.		8,327,779
	9,604	Biogen, Inc. ^(a)		2,594,905
	10,562	Bio-Techne Corp.		880,871
	140,143	Bristol-Myers Squibb Co.		8,715,493
	11,988	Catalent, Inc. ^(a)		581,658
	6,683	Celanese Corp.		837,981
	12,958	CF Industries Holdings, Inc.		1,063,593
	16,264	Church & Dwight Co., Inc.		1,555,977
	8,270	Clorox Co.		1,252,739
	55,377	Colgate-Palmolive Co.		4,223,050
	30,620	DuPont de Nemours, Inc.		2,377,031
	7,916	Eastman Chemical Co.		677,451
	16,491	Ecolab, Inc.		3,020,162
	52,640	Eli Lilly and Company		23,927,512
	8,348	FMC Corp.		803,328
	83,235	Gilead Sciences, Inc.		6,337,513
	12,343	Incyte Corp. ^(a)		786,496
	37,295	IntercontinentalExchange, Inc.		4,281,466
	16,992	International Flavors & Fragrances, Inc.		1,437,693
	22,507	Kimberly-Clark Corp.		2,905,654
	32,710	Linde PLC ADR (Ireland)		12,778,816
	16,878	LyondellBasell Industries N.V. Class A ADR (Netherlands)		1,668,559
	169,204	Merck & Co., Inc.		18,045,607
	22,124	Mosaic Co.		901,774
	16,990	Organon & Co.		373,440
	376,638	Pfizer, Inc.		13,581,566
	15,678	PPG Industries, Inc.		2,256,064
	157,245	Procter & Gamble Co.		24,577,393
	7,210	Regeneron Pharmaceuticals, Inc. ^(a)		5,349,171
	9,639	Sealed Air Corp.		439,731
	17,194	Vertex Pharmaceuticals, Inc. ^(a)		6,058,134
	5,010	West Pharmaceutical Services, Inc.		1,843,880
	30,886	Zoetis, Inc.		5,809,348

				194,048,652

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.3%
	15,214	Bath & Body Works, Inc.		563,831
	22,819	Ross Stores, Inc.		2,615,970
	76,849	TJX Companies, Inc.		6,649,744

				9,829,545

	Computer and Electronic Product Manufacturing - 16.6%
	107,396	Advanced Micro Devices, Inc. ^(a)		12,286,102
	19,687	Agilent Technologies, Inc.		2,397,286
	396,280	Alphabet, Inc. Class A ^(a)		52,594,282
	340,836	Alphabet, Inc. Class C ^(a)		45,368,680
	15,342	AMETEK, Inc.		2,433,241
	39,687	Amphenol Corp. Class A		3,504,759
	33,738	Analog Devices, Inc.		6,731,743
	986,204	Apple, Inc.		193,739,776
	16,685	Arista Networks, Inc. ^(a)		2,587,677
	1,460	Bio-Rad Laboratories, Inc. ^(a)		591,826
	27,807	Broadcom, Inc.		24,988,761
	273,091	Cisco Systems, Inc.		14,211,656
	44,324	Danaher Corp.		11,305,279
	9,083	Enphase Energy, Inc. ^(a)		1,379,072
	43,447	Fortinet, Inc. ^(a)		3,376,701
	23,630	Fortive Corp.		1,851,411
	26,074	GE HealthCare Technologies, Inc.		2,033,772
	16,398	Hologic, Inc. ^(a)		1,302,329
	57,777	HP, Inc.		1,896,819
	5,556	IDEXX Laboratories, Inc. ^(a)		3,082,080
	10,565	Illumina, Inc. ^(a)		2,030,065
	278,133	Intel Corp.		9,948,817
	60,560	International Business Machines Corp.		8,731,541
	11,803	Keysight Technologies, Inc. ^(a)		1,901,227
	12,664	L3 Harris Technologies, Inc.		2,399,701
	36,527	Microchip Technology, Inc.		3,431,346
	73,044	Micron Technology, Inc.		5,214,611
	2,964	Monolithic Power Systems, Inc.		1,658,328
	11,198	Motorola Solutions, Inc.		3,209,683
	14,237	NetApp, Inc.		1,110,628
	9,525	Northrop Grumman Corp.		4,238,625
	165,033	NVIDIA Corp.		77,118,271
	17,336	NXP Semiconductors NV ADR (Netherlands)		3,865,581
	28,771	ON Semiconductor Corp. ^(a)		3,100,075
	27,556	Otis Worldwide Corp.		2,506,494
	8,371	PerkinElmer, Inc.		1,029,214
	6,670	Qorvo, Inc. ^(a)		733,833
	74,291	Qualcomm, Inc.		9,819,042
	97,461	Raytheon Technologies Corp.		8,569,746
	7,148	Roper Technologies, Inc.		3,524,321
	12,848	Seagate Technology Holdings PLC ADR (Ireland)		815,848
	10,626	Skyworks Solutions, Inc.		1,215,296
	3,790	SolarEdge Technologies, Inc. ^(a)		915,133
	10,315	Teradyne, Inc.		1,164,976
	60,537	Texas Instruments, Inc.		10,896,660
	25,722	Thermo Fisher Scientific, Inc.		14,112,633
	16,494	Trimble, Inc. ^(a)		887,377
	3,977	Waters Corp. ^(a)		1,098,487
	21,384	Western Digital Corp. ^(a)		910,103
	3,395	Zebra Technologies Corp. Class A ^(a)		1,045,524

				574,866,438

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.1%
	41,161	Fiserv, Inc. ^(a)		5,194,930

	Construction of Buildings - 0.2%
	20,719	D.R. Horton, Inc.		2,631,728
	16,882	Lennar Corp. Class A		2,141,144
	178	NVR, Inc. ^(a)		1,122,546
	14,923	PulteGroup, Inc.		1,259,352

				7,154,770

	Couriers and Messengers - 0.4%
	15,386	FedEx Corp.		4,153,451
	48,316	United Parcel Service, Inc. Class B		9,041,373

				13,194,824

	Credit Intermediation and Related Activities - 3.6%
	39,647	American Express Co.		6,695,585
	462,493	Bank of America Corp.		14,799,776
	47,838	Bank of New York Mellon Corp.		2,169,932
	25,431	Capital One Financial Corp.		2,975,936
	129,809	Citigroup, Inc.		6,186,697
	32,220	Citizens Financial Group, Inc.		1,039,417
	8,845	Comerica, Inc.		477,276
	16,927	Discover Financial Services		1,786,645
	39,513	Fidelity National Information Services, Inc.		2,385,795
	45,438	Fifth Third Bancorp		1,322,246
	96,262	Huntington Bancshares, Inc.		1,178,247
	194,969	JPMorgan Chase & Co.		30,797,303
	62,396	KeyCorp		768,095
	11,127	M&T Bank Corp.		1,556,222
	55,834	MasterCard, Inc. Class A		22,014,229
	13,913	Northern Trust Corp.		1,114,710
	26,547	PNC Financial Services Group, Inc.		3,634,019
	62,547	Regions Financial Corp.		1,274,082
	22,293	State Street Corp.		1,614,905
	28,614	Synchrony Financial		988,328
	88,873	Truist Financial Corp.		2,952,361
	93,089	U.S. Bancorp		3,693,771
	250,299	Wells Fargo & Co.		11,553,802
	9,946	Zions Bancorp		380,434

				123,359,813

	Electrical Equipment, Appliance, and Component Manufacturing - 0.3%
	8,320	A.O. Smith Corp.		604,282
	4,644	Axon Enterprise, Inc. ^(a)		863,459
	38,081	Emerson Electric Co.		3,478,699
	4,106	Generac Holdings, Inc. ^(a)		631,092
	7,725	Rockwell Automation, Inc.		2,597,840
	20,991	TE Connectivity Ltd. ADR (Switzerland)		3,011,999
	3,735	Whirlpool Corp.		538,811

				11,726,182

	Fabricated Metal Product Manufacturing - 0.2%
	20,958	Ball Corp.		1,230,025
	16,780	Nucor Corp.		2,887,670
	11,042	Pentair PLC ADR (Ireland)		767,419
	10,166	Stanley Black & Decker, Inc.		1,009,179

				5,894,293

	Food and Beverage Retailers - 0.1%
	43,578	Kroger Co.		2,119,634

	Food Manufacturing - 0.7%
	36,337	Archer-Daniels-Midland Co.		3,087,192
	10,054	Bunge Ltd. ADR		1,092,568
	13,391	Campbell Soup Co.		613,576
	39,150	General Mills, Inc.		2,926,071
	19,292	Hormel Foods Corp.		788,657
	17,179	Kellogg Co.		1,149,103
	9,661	Lamb Weston Holdings, Inc.		1,001,169
	16,800	McCormick & Co, Inc.		1,503,264
	90,828	Mondelez International, Inc.		6,733,080
	9,790	The Hershey Co.		2,264,525
	7,150	The J.M. Smucker Co.		1,077,147
	53,231	The Kraft Heinz Co.		1,925,898
	19,061	Tyson Foods, Inc. Class A		1,062,079

				25,224,329

	Food Services and Drinking Places - 0.9%
	1,825	Chipotle Mexican Grill, Inc. ^(a)		3,581,161
	7,999	Darden Restaurants, Inc.		1,351,191
	2,349	Domino’s Pizza, Inc.		931,942
	48,739	McDonald’s Corp.		14,290,275
	76,416	Starbucks Corp.		7,761,573
	18,631	Yum! Brands, Inc.		2,564,930

				30,481,072

	Funds, Trusts, and Other Financial Vehicles - 0.1%
	10,160	Garmin Ltd. ADR (Switzerland)		1,075,842
	14,973	T. Rowe Price Group, Inc.		1,845,572

				2,921,414

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0% ⁽^†⁾
	12,938	Best Buy Co., Inc.		1,074,501

	Gasoline Stations and Fuel Dealers - 0.5%
	116,289	Chevron Corp.		19,031,858

	General Merchandise Retailers - 3.5%
	595,397	Amazon.com, Inc. ^(a)		79,592,671
	29,568	Costco Wholesale Corp.		16,577,891
	14,582	Dollar General Corp.		2,462,316
	13,888	Dollar Tree, Inc. ^(a)		2,143,335
	35,670	eBay, Inc.		1,587,672
	8,293	Etsy, Inc. ^(a)		842,983
	30,795	Target Corp.		4,202,594
	93,591	Wal-Mart Stores, Inc.		14,961,457

				122,370,919

	Health and Personal Care Retailers - 0.3%
	85,518	CVS Health Corp.		6,387,339
	3,354	Ulta Salon, Cosmetics & Fragrance, Inc. ^(a)		1,491,859
	47,718	Walgreens Boots Alliance, Inc.		1,430,109

				9,309,307

	Hospitals - 0.1%
	13,792	HCA Healthcare, Inc.		3,762,595
	4,111	Universal Health Services, Inc. Class B		571,265

				4,333,860

	Insurance Carriers and Related Activities - 4.2%
	36,655	Aflac, Inc.		2,651,623
	17,518	Allstate Corp.		1,973,928
	48,242	American International Group, Inc.		2,908,028
	13,605	Aon PLC ADR (United Kingdom)		4,333,193
	24,824	Arch Capital Group Ltd. ADR ^(a)		1,928,577
	14,249	Arthur J. Gallagher & Co.		3,060,685
	3,508	Assurant, Inc.		471,861
	118,957	Berkshire Hathaway, Inc. Class B ^(a)		41,868,106
	15,680	Brown & Brown, Inc.		1,104,656
	36,650	Centene Corp. ^(a)		2,495,498
	27,570	Chubb Limited ADR (Switzerland)		5,635,584
	19,695	Cigna Corp.		5,811,994
	10,549	Cincinnati Financial Corp.		1,134,861
	15,760	Elevance Health, Inc.		7,432,889
	2,861	Everest Re Group Ltd. ADR		1,031,419
	6,043	Globe Life, Inc.		677,843
	20,710	Hartford Financial Services Group, Inc.		1,488,635
	8,343	Humana, Inc.		3,811,333
	10,233	Lincoln National Corp.		286,933
	12,577	Loews Corp.		787,949
	33,018	Marsh & McLennan Companies, Inc.		6,221,252
	42,857	MetLife, Inc.		2,698,705
	15,136	Principal Financial Group, Inc.		1,208,912
	39,049	Progressive Corp.		4,919,393
	24,303	Prudential Financial, Inc.		2,344,996
	15,370	Travelers Companies, Inc.		2,653,016
	62,140	UnitedHealth Group, Inc.		31,465,832
	13,429	W.R. Berkley Corp.		828,435
	7,139	Willis Towers Watson PLC ADR (Ireland)		1,508,685

				144,744,821

	Leather and Allied Product Manufacturing - 0.3%
	82,199	NIKE, Inc. Class B		9,073,948
	15,457	Tapestry, Inc.		666,969

				9,740,917

	Machinery Manufacturing - 1.8%
	56,394	Applied Materials, Inc.		8,548,766
	67,490	Baker Hughes Co.		2,415,467
	55,619	Carrier Global Corp.		3,312,111
	34,385	Caterpillar, Inc.		9,117,870
	9,456	Cummins, Inc.		2,466,125
	17,951	Deere & Co.		7,711,750
	72,563	General Electric Co.		8,289,597
	5,049	IDEX Corp.		1,140,115
	27,025	Ingersoll Rand, Inc.		1,763,922
	8,963	Lam Research Corp.		6,439,826
	1,501	Mettler-Toledo International, Inc. ^(a)		1,887,463
	3,546	Nordson Corp.		892,209
	8,500	Parker Hannifin Corp.		3,485,085
	15,176	Trane Technologies PLC ADR (Ireland)		3,026,701
	15,926	Xylem, Inc.		1,795,657

				62,292,664

	Management of Companies and Enterprises - 0.4%
	116,000	Abbott Laboratories		12,914,280
	66,954	Carnival Corp. ADR (Panama) ^(a)		1,261,413
	28,250	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		623,477

				14,799,170

	Merchant Wholesalers, Durable Goods - 0.7%
	5,737	Cintas Corp.		2,880,204
	28,598	Copart, Inc. ^(a)		2,527,777
	38,084	Fastenal Co.		2,232,103
	9,431	Genuine Parts Co.		1,468,595
	8,785	Henry Schein, Inc. ^(a)		692,170
	2,687	Huntington Ingalls Industries, Inc.		617,123
	45,775	Johnson Controls International PLC ADR (Ireland)		3,183,651
	9,092	KLA-Tencor Corp.		4,672,834
	16,926	LKQ Corp.		927,376
	3,491	Mohawk Industries, Inc. ^(a)		371,233
	2,637	Pool Corp.		1,014,559
	2,951	W.W. Grainger, Inc.		2,179,284
	17,054	WestRock Co.		567,728

				23,334,637

	Merchant Wholesalers, Nondurable Goods - 0.6%
	10,754	AmerisourceBergen Corp.		2,009,923
	12,264	Brown Forman Corp. Class B		865,838
	16,964	Cardinal Health, Inc.		1,551,697
	31,759	ConAgra Brands, Inc.		1,042,013
	18,462	Illinois Tool Works, Inc.		4,861,414
	9,021	McKesson Corp.		3,630,050
	33,841	Sysco Corp.		2,582,407
	15,690	The Sherwin Williams Co.		4,338,285

				20,881,627

	Mining (except Oil and Gas) - 0.3%
	95,626	Freeport-McMoRan Copper & Gold, Inc.		4,269,701
	4,093	Martin Marietta Materials, Inc.		1,827,361
	53,004	Newmont Mining Corp.		2,274,931
	8,888	Vulcan Materials Co.		1,959,804

				10,331,797

	Miscellaneous Manufacturing - 2.6%
	36,800	3M Co.		4,103,200
	4,663	Align Technology, Inc. ^(a)		1,762,101
	33,738	Baxter International, Inc.		1,525,970
	18,994	Becton, Dickinson & Co.		5,292,108
	95,900	Boston Scientific Corp. ^(a)		4,972,415
	14,151	Dentsply Sirona, Inc.		587,550
	25,892	DexCom, Inc. ^(a)		3,225,108
	9,393	Dover Corp.		1,371,096
	40,471	Edwards Lifesciences Corp. ^(a)		3,321,455
	15,463	Estee Lauder Companies, Inc. Class A		2,783,340
	8,661	Hasbro, Inc.		559,154
	4,617	Insulet Corp. ^(a)		1,277,755
	23,378	Intuitive Surgical, Inc. ^(a)		7,583,823
	173,380	Johnson & Johnson		29,046,351
	88,733	Medtronic PLC ADR (Ireland)		7,787,208
	9,767	ResMed, Inc.		2,171,693
	6,649	Steris PLC ADR (Ireland)		1,499,682
	22,532	Stryker Corp.		6,385,794
	3,172	Teleflex, Inc.		796,711
	13,479	Textron, Inc.		1,048,262
	3,317	The Cooper Companies, Inc.		1,297,809
	13,956	Zimmer Biomet Holdings, Inc.		1,928,021

				90,326,606

	Motion Picture and Sound Recording Industries - 0.4%
	29,621	Netflix, Inc. ^(a)		13,002,730
	10,591	Take-Two Interactive Software, Inc. ^(a)		1,619,788

				14,622,518

	Motor Vehicle and Parts Dealers - 0.2%
	3,935	Advance Auto Parts, Inc.		292,724
	1,219	AutoZone, Inc. ^(a)		3,025,217
	10,570	CarMax, Inc. ^(a)		873,188
	4,030	O’Reilly Automotive, Inc. ^(a)		3,730,934

				7,922,063

	National Security and International Affairs - 0.0% ⁽^†⁾
	9,090	Leidos Holdings, Inc.		850,188

	Nonmetallic Mineral Product Manufacturing - 0.0% ⁽^†⁾
	51,003	Corning, Inc.		1,731,042

	Oil and Gas Extraction - 0.6%
	20,589	APA Corp.		833,649
	50,485	Coterra Energy, Inc.		1,390,357
	42,768	Devon Energy Corp.		2,309,472
	55,736	Dominion Energy, Inc.		2,984,663
	38,997	EOG Resources, Inc.		5,168,272
	24,175	EQT Corp.		1,019,701
	41,197	Marathon Oil Corp.		1,082,245
	47,860	Occidental Petroleum Corp.		3,021,402
	30,614	Phillips 66		3,414,992

				21,224,753

	Paper Manufacturing - 0.0% ⁽^†⁾
	6,070	Packaging Corp of America		930,834

	Performing Arts, Spectator Sports, and Related Industries - 0.2%
	47,687	Activision Blizzard, Inc.		4,423,446
	17,344	Electronic Arts, Inc.		2,364,855

				6,788,301

	Petroleum and Coal Products Manufacturing - 1.3%
	80,751	ConocoPhillips		9,506,008
	269,670	Exxon Mobil Corp.		28,919,411
	28,257	Marathon Petroleum Corp.		3,758,746
	24,166	Valero Energy Corp.		3,115,239

				45,299,404

	Pipeline Transportation - 0.1%
	81,297	Williams Companies, Inc.		2,800,682

	Plastics and Rubber Products Manufacturing - 0.0% ⁽^†⁾
	5,466	Avery Dennison Corp.		1,005,799
	25,132	Newell Rubbermaid, Inc.		280,473

				1,286,272

	Primary Metal Manufacturing - 0.1%
	24,513	Howmet Aerospace, Inc.		1,253,595
	10,694	Steel Dynamics, Inc.		1,139,766

				2,393,361

	Professional, Scientific, and Technical Services - 3.5%
	42,166	Accenture PLC Class A ADR (Ireland)		13,339,214
	8,988	CDW Corp.		1,681,385
	3,449	Charles River Laboratories International, Inc. ^(a)		722,703
	33,866	Cognizant Technology Solutions Corp. Class A		2,236,172
	15,155	DXC Technology Co. ^(a)		419,036
	26,517	Eaton Corp PLC ADR (Ireland)		5,444,470
	3,881	EPAM Systems, Inc. ^(a)		919,060
	14,092	Extra Space Storage, Inc.		1,966,820
	4,012	F5 Networks, Inc. ^(a)		634,859
	23,143	International Paper Co.		834,537
	25,742	Interpublic Group of Companies, Inc.		881,149
	12,393	IQVIA Holdings, Inc. ^(a)		2,773,058
	4,900	Jack Henry & Associates, Inc.		821,093
	8,453	Jacobs Solutions, Inc.		1,060,091
	21,440	Juniper Networks, Inc.		596,032
	18,537	Match Group, Inc. ^(a)		862,156
	147,552	Meta Platforms, Inc. ^(a)		47,010,067
	21,916	Moderna, Inc. ^(a)		2,578,637
	13,362	Omnicom Group, Inc.		1,130,692
	102,649	Oracle Corp.		12,033,542
	20,193	Palto Alto Networks, Inc. ^(a)		5,047,442
	21,400	Paychex, Inc.		2,685,058
	3,267	Paycom Software, Inc.		1,204,739
	13,542	ServiceNow, Inc. ^(a)		7,894,986
	3,175	Teledyne Technologies, Inc. ^(a)		1,220,883
	6,070	VeriSign, Inc. ^(a)		1,280,466
	9,606	Verisk Analytics, Inc. Class A		2,199,198

				119,477,545

	Publishing Industries - 6.6%
	30,603	Adobe Systems, Inc. ^(a)		16,714,440
	10,132	Akamai Technologies, Inc. ^(a)		957,474
	5,733	Ansys, Inc. ^(a)		1,961,259
	14,245	Autodesk, Inc. ^(a)		3,019,798
	18,128	Cadence Design Systems, Inc. ^(a)		4,242,133
	10,313	Ceridian HCM Holding, Inc. ^(a)		730,264
	1,674	Fair Isaac Corp. ^(a)		1,402,762
	86,414	Hewlett Packard Enterprise Co.		1,501,875
	18,658	Intuit, Inc.		9,547,299
	495,943	Microsoft Corp.		166,597,173
	25,395	News Corp. Class A		503,329
	7,832	News Corp. Class B		157,501
	37,939	NortonLifeLock, Inc.		737,914
	7,145	PTC, Inc. ^(a)		1,041,812
	65,299	Salesforce.com, Inc. ^(a)		14,692,928
	10,139	Synopsys, Inc. ^(a)		4,580,800
	2,806	Tyler Technologies, Inc. ^(a)		1,112,944

				229,501,705

	Rail Transportation - 0.4%
	135,617	CSX Corp.		4,518,759
	40,664	Union Pacific Corp.		9,434,861

				13,953,620

	Real Estate - 1.5%
	10,562	Alexandria Real Estate Equities, Inc.		1,327,432
	31,102	American Tower Corp.		5,919,022
	9,482	AvalonBay Communities, Inc.		1,788,779
	9,523	Boston Properties, Inc.		634,517
	7,156	Camden Property Trust		780,648
	20,745	CBRE Group, Inc. Class A ^(a)		1,728,266
	28,927	Crown Castle International Corp.		3,132,505
	19,447	Digital Realty Trust, Inc.		2,423,485
	22,768	Equity Residential		1,501,322
	4,321	Essex Property Trust, Inc.		1,052,380
	4,927	Federal Realty Investment Trust		500,189
	36,491	Healthpeak Properties, Inc.		796,599
	38,805	Invitation Homes, Inc.		1,377,577
	41,355	Kimco Realty Corp.		837,852
	7,790	Mid-America Apartment Communities, Inc.		1,165,851
	61,604	Prologis, Inc.		7,685,099
	10,572	Public Storage		2,978,661
	44,892	Realty Income Corp.		2,737,065
	10,209	Regency Centers Corp.		668,996
	21,802	Simon Property Group, Inc.		2,716,529
	20,637	UDR, Inc.		843,641
	26,734	Ventas, Inc.		1,297,134
	66,943	VICI Properties, Inc.		2,107,366
	33,152	Welltower, Inc.		2,723,437
	48,801	Weyerhaeuser Co.		1,662,162

				50,386,514

	Rental and Leasing Services - 0.1%
	4,566	United Rentals, Inc.		2,121,729

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.6%
	6,877	Ameriprise Financial, Inc.		2,396,291
	10,005	BlackRock, Inc.		7,392,194
	7,125	CBOE Holdings, Inc.		995,220
	99,160	Charles Schwab Corp.		6,554,476
	23,968	CME Group, Inc.		4,768,673
	47,143	Dow, Inc.		2,662,165
	19,056	Franklin Resources, Inc.		557,198
	22,128	Goldman Sachs Group, Inc.		7,874,691
	30,571	Invesco Ltd. ADR ^(a)		513,593
	2,437	MarketAxess Holdings, Inc.		656,089
	86,882	Morgan Stanley		7,954,916
	5,427	MSCI, Inc. Class A		2,974,430
	22,579	NASDAQ OMX Group, Inc.		1,140,014
	12,791	Raymond James Financial, Inc.		1,407,905
	21,925	S&P Global, Inc.		8,649,632

				56,497,487

	Specialty Trade Contractors - 0.1%
	9,628	Quanta Services, Inc.		1,941,197

	Support Activities for Agriculture and Forestry - 0.1%
	47,436	Corteva, Inc.		2,676,813

	Support Activities for Mining - 0.5%
	12,106	Diamondback Energy, Inc.		1,783,456
	60,151	Halliburton Co.		2,350,701
	18,450	Hess Corp.		2,799,418
	15,672	Pioneer Natural Resources Co.		3,536,700
	95,087	Schlumberger Ltd. ADR (Curaco) ^(a)		5,547,376
	15,149	Targa Resources Corp.		1,242,067

				17,259,718

	Support Activities for Transportation - 0.2%
	7,781	C.H. Robinson Worldwide, Inc.		779,500
	9,517	Expedia, Inc. ^(a)		1,166,118
	10,203	Expeditors International of Washington, Inc.		1,298,842
	5,552	J.B. Hunt Transport Services, Inc.		1,132,275
	15,152	Norfolk Southern Corp.		3,539,356

				7,916,091

	Telecommunications - 1.0%
	476,830	AT&T, Inc.		6,923,572
	6,221	Equinix, Inc.		5,038,512
	74,444	PayPal Holdings, Inc. ^(a)		5,644,344
	7,237	SBA Communications Corp.		1,584,541
	38,412	T-Mobile US, Inc. ^(a)		5,292,021
	280,347	Verizon Communications, Inc.		9,554,226

				34,037,216

	Transportation Equipment Manufacturing - 2.7%
	18,036	Aptiv PLC ADR (United Kingdom) ^(a)		1,974,762
	37,739	Boeing Co. ^(a)		9,013,960
	15,706	BorgWarner, Inc.		730,329
	262,112	Ford Motor Co.		3,462,499
	15,056	General Dynamics Corp.		3,366,220
	92,694	General Motors Co.		3,556,669
	44,368	Honeywell International, Inc.		8,613,160
	15,080	Lockheed Martin Corp.		6,731,260
	34,860	Paccar, Inc.		3,002,492
	179,716	Tesla Motors, Inc. ^(a)		48,061,450
	3,469	TransDigm Group, Inc.		3,121,129
	11,976	Wabtec Corp.		1,418,437

				93,052,367

	Truck Transportation - 0.1%
	6,068	Old Dominion Freight Line, Inc.		2,545,465

	Utilities - 2.0%
	44,708	AES Corp.		967,034
	16,787	Alliant Energy Corp.		902,133
	17,504	Ameren Corp.		1,499,568
	34,382	American Electric Power Co., Inc.		2,913,531
	12,942	American Water Works Co., Inc.		1,908,039
	9,644	Atmos Energy Corp.		1,173,771
	42,112	CenterPoint Energy, Inc.		1,267,150
	19,459	CMS Energy Corp.		1,188,361
	23,112	Consolidated Edison, Inc.		2,192,404
	21,654	Constellation Energy Corp.		2,092,859
	13,706	DTE Energy Co.		1,566,596
	51,491	Duke Energy Corp.		4,820,587
	25,482	Edison International		1,833,685
	14,063	Entergy Corp.		1,444,270
	15,302	Evergy, Inc.		917,661
	23,217	Eversource Energy		1,679,286
	66,349	Exelon Corp.		2,777,369
	6,652	First Solar, Inc. ^(a)		1,379,625
	36,312	FirstEnergy Corp.		1,430,330
	131,538	Kinder Morgan, Inc.		2,329,538
	134,989	NextEra Energy, Inc.		9,894,694
	27,542	NiSource, Inc.		766,769
	15,328	NRG Energy, Inc.		582,311
	29,860	Oneok, Inc.		2,001,814
	107,841	PG&E Corp. ^(a)		1,899,080
	7,522	Pinnacle West Capital Corp.		622,972
	49,255	PPL Corp.		1,355,990
	33,335	Public Service Enterprise Group, Inc.		2,104,105
	20,964	Sempra Energy		3,124,055
	72,737	Southern Co.		5,261,795
	21,011	WEC Energy Group, Inc.		1,888,048
	36,705	Xcel Energy, Inc.		2,302,505

				68,087,935

	Waste Management and Remediation Services - 0.1%
	13,680	Republic Services, Inc.		2,067,185

	Water Transportation - 0.0% ⁽^†⁾
	14,631	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		1,596,388

	Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%
	27,301	CoStar Group, Inc. ^(a)		2,292,465

	Wood Product Manufacturing - 0.0% ⁽^†⁾
	15,064	Masco Corp.		914,084

		TOTAL COMMON STOCKS (Cost $2,420,729,851)	$	2,556,036,475

	SHORT TERM INVESTMENTS - 38.1%
	Money Market Funds - 38.1%
	855,728,763	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	855,728,763
	49,779,712	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(c)		49,779,712
	20,361,816	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		20,361,816
	392,093,147	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		392,093,147

		TOTAL SHORT TERM INVESTMENTS (Cost $1,317,963,438)	$	1,317,963,438

		TOTAL INVESTMENTS (Cost $3,738,693,289) - 111.9% ^(e)	$	3,873,999,913
		Liabilities in Excess of Other Assets - (11.9)%		(411,648,012	)

		TOTAL NET ASSETS - 100.0%	$	3,462,351,901

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)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 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 $2,387,499,882.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.9600 % representing 1 month SOFR rate + spread		BNP Paribas		12/5/2023		252,545	$	1,052,095,726	$	95,187,699
Total return of S&P 500^® Index	5.8100 % representing 1 month SOFR rate + spread		Goldman Sachs		12/7/2023		312,846		1,327,776,717		97,372,512
Total return of S&P 500^® Index	5.7600 % representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/8/2023		311,706		1,291,129,250		125,963,685
Total return of S&P 500^® Index	5.6600 % representing 1 month SOFR rate + spread		J.P. Morgan		12/12/2023		80,616		360,059,065		8,973,951
Total return of S&P 500^® Index	5.6100 % representing 1 month SOFR rate + spread		UBS Securities LLC		12/13/2023		246,888		988,235,536		130,727,585
Total return of S&P 500^® Index	5.9000 % representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2023		211,047		844,061,879		111,547,054
Total return of S&P 500^® Index	5.7800 % representing 1 month SOFR rate + spread		Barclays		12/20/2023		290,909		1,181,263,224		135,782,825

								$	7,044,621,397	$	705,555,311

Direxion Daily S&P 500^® Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 104.1%
	Money Market Funds - 104.1%
	376,604,058	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	376,604,058
	84,683,189	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		84,683,189
	99,444,053	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		99,444,053
	218,833,758	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		218,833,758

		TOTAL SHORT TERM INVESTMENTS (Cost $779,565,058) ^(b)	$	779,565,058

		TOTAL INVESTMENTS (Cost $779,565,058) - 104.1%	$	779,565,058
		Liabilities in Excess of Other Assets - (4.1)%		(31,050,998	)

		TOTAL NET ASSETS - 100.0%	$	748,514,060

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 July 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 $497,738,387.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3500 % representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	BNP Paribas		12/5/2023		58,045	$	261,071,533	$	(4,854,348	)
5.6100 % representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	Goldman Sachs		12/7/2023		85,444		385,115,047		(5,763,861	)
5.5600 % representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	Bank of America Merrill Lynch		12/8/2023		85,504		381,290,568		(9,511,762	)
5.4100 % representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	J.P. Morgan		12/12/2023		20,803		93,803,598		(1,454,947	)
5.3100 % representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	UBS Securities LLC		12/13/2023		44,373		194,695,658		(8,155,723	)
5.6600 % representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	Citibank N.A.		12/19/2023		94,144		425,512,062		(5,694,199	)
5.6400 % representing 1 month SOFR rate + spread	Total return of S&P 500^® Index	Barclays		12/20/2023		101,022		456,155,125		(6,451,821	)

							$	2,197,643,591	$	(41,886,661	)

Direxion Daily Small Cap Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 64.3%
	4,541,568	iShares Russell 2000 ETF ^(a)(b)	$	902,454,977

		TOTAL INVESTMENT COMPANIES (Cost $827,104,624)	$	902,454,977

	SHORT TERM INVESTMENTS - 35.6%
	Money Market Funds - 35.6%
	391,908,505	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	391,908,505
	1	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		1
	107,239,490	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		107,239,490

		TOTAL SHORT TERM INVESTMENTS (Cost $499,147,996)	$	499,147,996

		TOTAL INVESTMENTS (Cost $1,326,252,620) - 99.9% ^(e)	$	1,401,602,973
		Other Assets in Excess of Liabilities - 0.1%		2,171,934

		TOTAL NET ASSETS - 100.0%	$	1,403,774,907

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 July 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 $1,087,681,834.

Long Total Return Swap Contracts (Unaudited)

July 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	5.6500 % representing 1 month SOFR rate + spread	BNP Paribas		12/5/2023		278,928	$	492,003,799	$	57,678,501
Total return of Russell 2000^® Index	5.0600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		238,292		430,150,687		43,281,665
Total return of Russell 2000^® Index	5.6100 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		170,000		307,468,031		27,540,837
Total return of Russell 2000^® Index	5.9000 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		285,277		507,896,290		53,430,440
Total return of Russell 2000^® Index	5.5600 % representing 1 month SOFR rate + spread	Societe Generale		12/18/2023		1,000		1,720,634		259,076
Total return of Russell 2000^® Index	5.6900 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		308,875		543,961,295		68,082,526
Total return of Russell 2000^® Index	5.6600 % representing 1 month SOFR rate + spread	Barclays		12/20/2023		369,432		673,416,966		62,454,559

							$	2,956,617,702	$	312,727,604

Direxion Daily Small Cap Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 101.9%
	Money Market Funds - 101.9%
	264,087,539	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	264,087,539
	58,790,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		58,790,000
	179,848,710	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		179,848,710

		TOTAL SHORT TERM INVESTMENTS (Cost $502,726,249) ^(b)	$	502,726,249

		TOTAL INVESTMENTS (Cost $502,726,249) - 101.9%	$	502,726,249
		Liabilities in Excess of Other Assets - (1.9)%		(9,219,429	)

		TOTAL NET ASSETS - 100.0%	$	493,506,820

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 July 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 $343,413,591.

Short Total Return Swap Contracts (Unaudited)

July 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
5.4500% representing 1 month SOFR rate + spread	Total return of Russell 2000^®Index	BNP Paribas	12/5/2023		110,117	$	210,883,938	$	(6,777,940	)
4.8600% representing 1 month SOFR rate + spread	Total return of Russell 2000^®Index	Bank of America Merrill Lynch	12/8/2023		85,083		165,085,371		(4,051,894	)
5.3100% representing 1 month SOFR rate + spread	Total return of Russell 2000^®Index	J.P. Morgan	12/12/2023		93,201		176,204,067		(7,792,024	)
5.5800% representing 1 month SOFR rate + spread	Total return of Russell 2000^®Index	UBS Securities LLC	12/13/2023		159,792		308,397,986		(9,496,064	)
5.3600% representing 1 month SOFR rate + spread	Total return of Russell 2000^®Index	Société Generale	12/18/2023		1,000		1,744,359		(246,262	)
5.4600% representing 1 month SOFR rate + spread	Total return of Russell 2000^®Index	Citibank N.A.	12/19/2023		155,025		300,288,710		(7,819,580	)
5.2600% representing 1 month SOFR rate + spread	Total return of Russell 2000^®Index	Barclays	12/20/2023		134,883		262,608,099		(7,194,433	)

						$	1,425,212,530	$	(43,378,197	)

Direxion Daily FTSE China Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 62.4%
	17,084,646	iShares China Large-Cap ETF ^(a)	$	519,714,931

		TOTAL INVESTMENT COMPANIES (Cost $474,688,086)	$	519,714,931

	SHORT TERM INVESTMENTS - 36.4%
	Money Market Funds - 36.4%
	186,924,527	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	186,924,527
	38,620,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		38,620,000
	78,060,000	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		78,060,000

		TOTAL SHORT TERM INVESTMENTS (Cost $303,604,527)	$	303,604,527

		TOTAL INVESTMENTS (Cost $778,292,613) - 98.8% ^(c)	$	823,319,458
		Other Assets in Excess of Liabilities - 1.2%		10,385,223

		TOTAL NET ASSETS - 100.0%	$	833,704,681

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 July 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 $617,652,208.

Long Total Return Swap Contracts (Unaudited)

July 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 China Large-Cap ETF	5.7000 % representing 1 month SOFR rate + spread	BNP Paribas		12/5/2023		16,990,951	$	487,946,975	$	25,417,164
Total return of iShares China Large-Cap ETF	5.8100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		20,749,815		574,316,894		53,333,963
Total return of iShares China Large-Cap ETF	5.9400 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		10,422,546		279,685,570		36,251,882
Total return of iShares China Large-Cap ETF	6.0600 % representing 1 month SOFR rate + spread	Barclays		12/20/2023		16,971,860		488,633,596		24,939,745

							$	1,830,583,035	$	139,942,754

Direxion Daily FTSE China Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 88.4%
	Money Market Funds - 88.4%
	63,146,398	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	63,146,398
	80,485,719	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		80,485,719

		TOTAL SHORT TERM INVESTMENTS (Cost $143,632,117) ^(b)	$	143,632,117

		TOTAL INVESTMENTS (Cost $143,632,117) - 88.4%	$	143,632,117
		Other Assets in Excess of Liabilities - 11.6%		18,914,406

		TOTAL NET ASSETS - 100.0%	$	162,546,523

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 July 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 $125,360,679.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.3100% representing 1 month SOFR rate + spread	Total return of iShares China Large-Cap ETF	BNP Paribas		12/5/2023		2,902,607	$	88,834,146	$	2,036,823
5.6100% representing 1 month SOFR rate + spread	Total return of iShares China Large-Cap ETF	Bank of America Merrill Lynch		12/8/2023		9,894,423		279,646,374		(20,646,273	)
5.4400% representing 1 month SOFR rate + spread	Total return of iShares China Large-Cap ETF	UBS Securities LLC		12/13/2023		3,233,277		90,309,015		(7,640,243	)

							$	458,789,535	$	(26,249,693	)

Direxion Daily FTSE Europe Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 45.3%
	223,671	Vanguard FTSE Europe ETF ^(a)	$	14,200,871

		TOTAL INVESTMENT COMPANIES (Cost $14,034,983)	$	14,200,871

	SHORT TERM INVESTMENTS - 35.8%
	Money Market Funds - 35.8%
	5,823,442	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	5,823,442
	4,667,472	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		4,667,472
	754,299	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		754,299

		TOTAL SHORT TERM INVESTMENTS (Cost $11,245,213)	$	11,245,213

		TOTAL INVESTMENTS (Cost $25,280,196) - 81.1% ^(c)	$	25,446,084
		Other Assets in Excess of Liabilities - 18.9%		5,928,405

		TOTAL NET ASSETS - 100.0%	$	31,374,489

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 July 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 $20,374,694.

Long Total Return Swap Contracts (Unaudited)

July 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	5.6000 % representing 1 month SOFR rate + spread	BNP Paribas		12/5/2023		411,224	$	23,604,751	$	2,490,321
Total return of Vanguard FTSE Europe ETF	5.3100 % representing 1 month SOFR rate + spread	Goldman Sachs		12/7/2023		400,154		23,315,705		2,091,459
Total return of Vanguard FTSE Europe ETF	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		59,397		3,317,352		426,267
Total return of Vanguard FTSE Europe ETF	6.0500 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		82,260		4,895,127		327,820
Total return of Vanguard FTSE Europe ETF	5.7100 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		305,787		18,157,571		1,206,264

							$	73,290,506	$	6,542,131

Direxion Daily MSCI Emerging Markets Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 9.2%
	233,707	iShares MSCI Emerging Markets ETF ^(a)	$	9,804,009

		TOTAL INVESTMENT COMPANIES (Cost $9,713,713)	$	9,804,009

	SHORT TERM INVESTMENTS - 90.4%
	Money Market Funds - 90.4%
	55,502,674	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	55,502,674
	41,033,670	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		41,033,670
	7	Morgan Stanley Institutional Liquidity Funds Treasury Portfolio Institutional Class, 5.20% ^(b)		7

		TOTAL SHORT TERM INVESTMENTS (Cost $96,536,351)	$	96,536,351

		TOTAL INVESTMENTS (Cost $106,250,064) - 99.6% ^(c)	$	106,340,360
		Other Assets in Excess of Liabilities - 0.4%		395,564

		TOTAL NET ASSETS - 100.0%	$	106,735,924

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 July 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 $54,676,216.

Long Total Return Swap Contracts (Unaudited)

July 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	5.6600 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		2,405,986	$	93,442,778	$	6,553,035
Total return of iShares MSCI Emerging Markets ETF	5.8200 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		2,166,644		84,532,602		5,183,411
Total return of iShares MSCI Emerging Markets ETF	5.6000 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		2,826,826		115,098,699		2,153,967

							$	293,074,079	$	13,890,413

Direxion Daily MSCI Emerging Markets Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 115.3%
	Money Market Funds - 115.3%
	9,416,119	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	9,416,119
	12,131,052	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		12,131,052

		TOTAL SHORT TERM INVESTMENTS (Cost $21,547,171) ^(b)	$	21,547,171

		TOTAL INVESTMENTS (Cost $21,547,171) - 115.3%	$	21,547,171
		Liabilities in Excess of Other Assets - (15.3)%		(2,858,095	)

		TOTAL NET ASSETS - 100.0%	$	18,689,076

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 July 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 $13,644,865.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.0100% representing 1 month SOFR rate + spread	Total return of iShares MSCI Emerging Markets ETF	J.P. Morgan		12/12/2023		750,000	$	28,272,732	$	(2,964,579	)
5.4400% representing 1 month SOFR rate + spread	Total return of iShares MSCI Emerging Markets ETF	UBS Securities LLC		12/13/2023		245,000		10,039,747		(83,880	)
5.3500% representing 1 month SOFR rate + spread	Total return of iShares MSCI Emerging Markets ETF	Citibank N.A.		12/19/2023		341,526		14,325,517		241,599

							$	52,637,996	$	(2,806,860	)

Direxion Daily MSCI Mexico Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 43.1%
	92,503	iShares MSCI Mexico ETF ^(a)(b)	$	6,015,470

		TOTAL INVESTMENT COMPANIES (Cost $5,767,108)	$	6,015,470

	SHORT TERM INVESTMENTS - 85.5%
	Money Market Funds - 85.5%
	8,067,842	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	8,067,842
	1,130,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		1,130,000
	2,744,300	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		2,744,300

		TOTAL SHORT TERM INVESTMENTS (Cost $11,942,142)	$	11,942,142

		TOTAL INVESTMENTS (Cost $17,709,250) - 128.6% ^(e)	$	17,957,612
		Liabilities in Excess of Other Assets - (28.6)%		(3,989,464	)

		TOTAL NET ASSETS - 100.0%	$	13,968,148

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 July 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 $5,801,595.

Long Total Return Swap Contracts (Unaudited)

July 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 Mexico ETF	4.8100% representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		222,450	$	11,574,103	$	2,742,829
Total return of iShares MSCI Mexico ETF	5.8600% representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		248,353		16,150,396		(307,812	)
Total return of iShares MSCI Mexico ETF	6.0600% representing 1 month SOFR rate + spread	Barclays	12/20/2023		79,079		4,571,445		553,763
Total return of iShares MSCI Mexico ETF	5.8100% representing 1 month SOFR rate + spread	Goldman Sachs	2/21/2024		1,999		110,321		18,943

						$	32,406,265	$	3,007,723

Direxion Daily MSCI South Korea Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 50.6%
	256,591	iShares MSCI South Korea ETF ^(a)	$	17,337,854

		TOTAL INVESTMENT COMPANIES (Cost $16,020,189)	$	17,337,854

	SHORT TERM INVESTMENTS - 48.9%
	Money Market Funds - 48.9%
	3,817,238	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	3,817,238
	12,909,731	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		12,909,731

		TOTAL SHORT TERM INVESTMENTS (Cost $16,726,969)	$	16,726,969

		TOTAL INVESTMENTS (Cost $32,747,158) - 99.5% ^(c)	$	34,064,823
		Other Assets in Excess of Liabilities - 0.5%		186,125

		TOTAL NET ASSETS - 100.0%	$	34,250,948

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 July 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 $24,699,616.

Long Total Return Swap Contracts (Unaudited)

July 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 South Korea ETF	5.8100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		370,400	$	23,659,897	$	1,151,292
Total return of iShares MSCI South Korea ETF	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		364,168		21,332,515		2,818,150
Total return of iShares MSCI South Korea ETF	5.7600 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		454,312		27,709,672		2,473,058
Total return of iShares MSCI South Korea ETF	5.9600 % representing 1 month SOFR rate + spread	Barclays		12/20/2023		75,210		4,959,040		60,987

							$	77,661,124	$	6,503,487

Direxion Daily Aerospace & Defense Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 59.3%
	Administrative and Support Services - 0.1%
	3,158	V2X, Inc. ^(a)	$	162,511

	Computer and Electronic Product Manufacturing - 17.1%
	22,960	L3 Harris Technologies, Inc.		4,350,690
	16,465	Mercury Computer Systems, Inc. ^(a)		625,341
	8,127	Moog, Inc. Class A		856,911
	9,480	Northrop Grumman Corp.		4,218,600
	203,542	Raytheon Technologies Corp.		17,897,448

				27,948,990

	Credit Intermediation and Related Activities - 0.1%
	12,988	Smith & Wesson Brands, Inc.		165,337

	Electrical Equipment, Appliance, and Component Manufacturing - 2.2%
	19,864	Axon Enterprise, Inc. ^(a)		3,693,313

	Fabricated Metal Product Manufacturing - 3.7%
	25,878	BWX Technologies, Inc.		1,785,582
	10,852	Curtiss-Wright Corp.		2,076,639
	8,213	RBC Bearings, Inc. ^(a)		1,856,549
	5,009	Sturm, Ruger & Co, Inc.		265,226

				5,983,996

	Merchant Wholesalers, Durable Goods - 2.7%
	23,873	Hexcel Corp.		1,687,344
	11,286	Huntington Ingalls Industries, Inc.		2,592,055
	7,973	Kaman Corp.		182,502

				4,461,901

	Miscellaneous Manufacturing - 2.7%
	57,071	Textron, Inc.		4,438,412

	Primary Metal Manufacturing - 2.9%
	93,067	Howmet Aerospace, Inc.		4,759,446

	Professional, Scientific, and Technical Services - 0.3%
	9,495	Parsons Corp. ^(a)		469,243

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.3%
	62,308	Rocket Lab USA, Inc. ^(a)(b)		459,210

	Textile Mills - 0.1%
	1,442	National Presto Industries, Inc.		112,923

	Transportation Equipment Manufacturing - 27.1%
	9,328	AAR Corp. ^(a)		557,814
	7,149	AeroVironment, Inc. ^(a)		681,014
	41,828	Archer Aviation, Inc. ^(a)		281,503
	78,778	Boeing Co. ^(a)		18,816,125
	20,062	General Dynamics Corp.		4,485,462
	19,231	HEICO Corp.		2,699,071
	10,979	HEICO Corp. Class A		1,932,084
	36,107	Kratos Defense & Security Solutions, Inc. ^(a)		544,855
	13,441	Lockheed Martin Corp.		5,999,659
	29,773	Spirit AeroSystems Holdings, Inc.		947,377
	5,332	TransDigm Group, Inc.		4,797,307
	18,397	Triumph Group, Inc. ^(a)		232,722
	69,571	Virgin Galactic Holdings, Inc. ^(a)(b)		297,764
	16,987	Woodward, Inc.		2,044,895

				44,317,652

		TOTAL COMMON STOCKS (Cost $91,447,072)	$	96,972,934

	SHORT TERM INVESTMENTS - 38.4%
	Money Market Funds - 38.4%
	44,803,978	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	44,803,978
	1	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		1
	18,058,739	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		18,058,739

		TOTAL SHORT TERM INVESTMENTS (Cost $62,862,718)	$	62,862,718

		TOTAL INVESTMENTS (Cost $154,309,790) - 97.7% ^(e)	$	159,835,652
		Other Assets in Excess of Liabilities - 2.3%		3,765,973

		TOTAL NET ASSETS - 100.0%	$	163,601,625

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 July 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 $123,572,982.

Long Total Return Swap Contracts (Unaudited)

July 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	6.1000 % representing 1 month SOFR rate + spread	BNP Paribas		12/5/2023		2,743	$	75,868,774	$	3,647,210
Total return of Dow Jones U.S. Select Aerospace & Defense Index	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		6,485		182,881,922		7,207,383
Total return of Dow Jones U.S. Select Aerospace & Defense Index	5.8600 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		4,002		113,793,296		2,910,164

							$	372,543,992	$	13,764,757

Direxion Daily Consumer Discretionary Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 76.7%
	Accommodation - 3.3%
	2,167	Caesars Entertainment Inc. ^(a)	$	127,896
	2,664	Hilton Worldwide Holdings, Inc.		414,225
	3,309	Las Vegas Sands Corp. ^(a)		197,911
	2,596	Marriott International, Inc. Class A		523,899
	3,041	MGM Resorts International		154,392

				1,418,323

	Administrative and Support Services - 2.6%
	373	Booking Holdings, Inc. ^(a)		1,108,108

	Amusement, Gambling, and Recreation Industries - 0.3%
	1,043	Wynn Resorts Ltd.		113,666

	Apparel Manufacturing - 0.3%
	413	Ralph Lauren Corp.		54,239
	3,327	VF Corp.		65,908

				120,147

	Building Material and Garden Equipment and Supplies Dealers - 7.4%
	6,005	Lowe’s Companies, Inc.		1,406,791
	4,607	The Home Depot, Inc.		1,538,001
	1,102	Tractor Supply Co.		246,837

				3,191,629

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 3.5%
	2,307	Bath & Body Works, Inc.		85,498
	3,445	Ross Stores, Inc.		394,935
	11,595	TJX Companies, Inc.		1,003,315

				1,483,748

	Construction of Buildings - 2.5%
	3,125	D.R. Horton, Inc.		396,937
	2,555	Lennar Corp. Class A		324,051
	29	NVR, Inc. ^(a)		182,887
	2,249	PulteGroup, Inc.		189,793

				1,093,668

	Electrical Equipment, Appliance, and Component Manufacturing - 0.2%
	552	Whirlpool Corp.		79,632

	Food Services and Drinking Places - 9.0%
	278	Chipotle Mexican Grill, Inc. ^(a)		545,514
	1,218	Darden Restaurants, Inc.		205,744
	355	Domino’s Pizza, Inc.		140,843
	4,778	McDonald’s Corp.		1,400,909
	11,545	Starbucks Corp.		1,172,626
	2,821	Yum! Brands, Inc.		388,367

				3,854,003

	Funds, Trusts, and Other Financial Vehicles - 0.4%
	1,541	Garmin Ltd. ADR (Switzerland)		163,176

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.4%
	1,960	Best Buy Co., Inc.		162,778

	General Merchandise Retailers - 18.5%
	56,721	Amazon.com, Inc. ^(a)		7,582,463
	5,384	eBay, Inc.		239,642
	1,242	Etsy, Inc. ^(a)		126,249

				7,948,354

	Health and Personal Care Retailers - 0.5%
	505	Ulta Beauty, Inc. ^(a)		224,624

	Leather and Allied Product Manufacturing - 3.4%
	12,407	NIKE, Inc. Class B		1,369,609
	2,334	Tapestry, Inc.		100,712

				1,470,321

	Management of Companies and Enterprises - 0.7%
	10,115	Carnival Corp. ADR (Panama) ^(a)		190,567
	4,272	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		94,283

				284,850

	Merchant Wholesalers, Durable Goods - 1.3%
	1,415	Genuine Parts Co.		220,344
	2,558	LKQ Corp.		140,153
	531	Mohawk Industries, Inc. ^(a)		56,466
	393	Pool Corp.		151,203

				568,166

	Miscellaneous Manufacturing - 0.2%
	1,312	Hasbro, Inc.		84,703

	Motor Vehicle and Parts Dealers - 2.8%
	598	Advance Auto Parts, Inc.		44,485
	184	AutoZone, Inc. ^(a)		456,637
	1,593	CarMax, Inc. ^(a)		131,598
	613	O’Reilly Automotive, Inc. ^(a)		567,509

				1,200,229

	Plastics and Rubber Products Manufacturing - 0.1%
	3,796	Newell Rubbermaid, Inc.		42,363

	Support Activities for Transportation - 0.4%
	1,435	Expedia, Inc. ^(a)		175,831

	Transportation Equipment Manufacturing - 18.3%
	2,724	Aptiv PLC ADR (United Kingdom) ^(a)		298,251
	2,359	BorgWarner, Inc.		109,694
	39,575	Ford Motor Co.		522,786
	13,998	General Motors Co.		537,103
	23,873	Tesla Motors, Inc. ^(a)		6,384,356

				7,852,190

	Water Transportation - 0.6%
	2,214	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		241,570

		TOTAL COMMON STOCKS (Cost $29,824,536)	$	32,882,079

	SHORT TERM INVESTMENTS - 35.6%
	Money Market Funds - 35.6%
	12,463,675	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	12,463,675
	2,770,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		2,770,000
	16,984	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		16,984

		TOTAL SHORT TERM INVESTMENTS (Cost $15,250,659)	$	15,250,659

		TOTAL INVESTMENTS (Cost $45,075,195) - 112.3% ^(c)	$	48,132,738
		Liabilities in Excess of Other Assets - (12.3)%		(5,275,439	)

		TOTAL NET ASSETS - 100.0%	$	42,857,299

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)	Represents annualized seven-day yield at July 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 $32,040,249.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Consumer Discretionary Select Sector Index	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		16,955	$	24,661,072	$	4,682,489
Total return of Consumer Discretionary Select Sector Index	5.9100 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		15,722		27,452,813		(386,339	)
Total return of Consumer Discretionary Select Sector Index	5.8600 % representing 1 month SOFR rate + spread	Barclays		12/20/2023		21,853		37,115,227		1,046,789

							$	89,229,112	$	5,342,939

Direxion Daily Dow Jones Internet Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 69.7%
	Accommodation - 2.4%
	30,609	Airbnb, Inc. ^(a)	$	4,658,384

	Administrative and Support Services - 2.1%
	37,561	Cloudflare, Inc. ^(a)		2,583,070
	50,082	Teladoc Health, Inc. ^(a)		1,490,941

				4,074,011

	Computer and Electronic Product Manufacturing - 12.1%
	52,724	Alphabet, Inc. Class A ^(a)		6,997,529
	45,356	Alphabet, Inc. Class C ^(a)		6,037,337
	20,889	Arista Networks, Inc. ^(a)		3,239,675
	122,676	Cisco Systems, Inc.		6,384,059
	155,368	CommScope Holding Co., Inc. ^(a)		699,156

				23,357,756

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.3%
	87,649	Pinterest, Inc. ^(a)		2,540,943

	Food Services and Drinking Places - 1.6%
	33,868	DoorDash, Inc. ^(a)		3,074,876

	General Merchandise Retailers - 8.8%
	90,200	Amazon.com, Inc. ^(a)		12,057,936
	59,015	eBay, Inc.		2,626,758
	21,462	Etsy, Inc. ^(a)		2,181,612

				16,866,306

	Motion Picture and Sound Recording Industries - 3.3%
	14,382	Netflix, Inc. ^(a)		6,313,267

	Professional, Scientific, and Technical Services - 15.2%
	34,818	Ciena Corp. ^(a)		1,469,320
	26,299	GoDaddy, Inc. ^(a)		2,027,390
	59,514	Juniper Networks, Inc.		1,654,489
	48,090	Match Group, Inc. ^(a)		2,236,666
	32,824	Meta Platforms, Inc. ^(a)		10,457,726
	52,757	Nutanix, Inc. ^(a)		1,593,261
	179,493	Snap, Inc. ^(a)		2,039,041
	21,265	Snowflake, Inc. ^(a)		3,779,003
	16,514	Workday, Inc. ^(a)		3,915,965

				29,172,861

	Publishing Industries - 15.8%
	22,738	Akamai Technologies, Inc. ^(a)		2,148,741
	16,061	Atlassian Corp. ^(a)		2,922,138
	43,916	Box, Inc. ^(a)		1,372,375
	43,798	Confluent, Inc. ^(a)		1,512,783
	28,133	Datadog, Inc. ^(a)		3,283,684
	33,883	DocuSign, Inc. ^(a)		1,823,583
	63,986	Dropbox, Inc. ^(a)		1,724,423
	57,651	Fastly, Inc. ^(a)		1,059,049
	26,484	Okta, Inc. ^(a)		2,035,560
	29,522	Salesforce.com, Inc. ^(a)		6,642,745
	30,873	Smartsheet, Inc. ^(a)		1,370,761
	14,934	Veeva Systems, Inc. ^(a)		3,049,822
	59,200	ZoomInfo Technologies, Inc. ^(a)		1,513,744

				30,459,408

	Real Estate - 2.0%
	340,673	Opendoor Technologies, Inc. ^(a)		1,740,839
	10,336	Zillow Group, Inc. Class A ^(a)		550,082
	28,993	Zillow Group, Inc. Class C ^(a)		1,570,261

				3,861,182

	Support Activities for Transportation - 1.3%
	20,207	Expedia, Inc. ^(a)		2,475,964

	Telecommunications - 3.8%
	65,493	PayPal Holdings, Inc. ^(a)		4,965,679
	32,296	Zoom Video Communications, Inc. ^(a)		2,368,912

				7,334,591

		TOTAL COMMON STOCKS (Cost $115,431,123)	$	134,189,549

	SHORT TERM INVESTMENTS - 28.1%
	Money Market Funds - 28.1%
	11,456,516	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	11,456,516
	42,625,632	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		42,625,632

		TOTAL SHORT TERM INVESTMENTS (Cost $54,082,148)	$	54,082,148

		TOTAL INVESTMENTS (Cost $169,513,271) - 97.8% ^(c)	$	188,271,697
		Other Assets in Excess of Liabilities - 2.2%		4,127,514

		TOTAL NET ASSETS - 100.0%	$	192,399,211

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 July 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 $127,034,585.

Long Total Return Swap Contracts (Unaudited)

July 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	5.8100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		281,017	$	220,626,382	$	1,430,405
Total return of Dow Jones Internet Composite Index	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		90,528		55,267,033		15,098,166
Total return of Dow Jones Internet Composite Index	5.5600 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		94,315		54,268,948		18,918,554
Total return of Dow Jones Internet Composite Index	5.8100 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		93,452		54,335,715		18,197,344

							$	384,498,078	$	53,644,469

Direxion Daily Dow Jones Internet Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 132.9%
	Money Market Funds - 132.9%
	20,192,453	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	20,192,453
	20,998,354	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		20,998,354

		TOTAL SHORT TERM INVESTMENTS (Cost $41,190,807) ^(b)	$	41,190,807

		TOTAL INVESTMENTS (Cost $41,190,807) - 132.9%	$	41,190,807
		Liabilities in Excess of Other Assets - (32.9)%		(10,196,229	)

		TOTAL NET ASSETS - 100.0%	$	30,994,578

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 July 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 $30,404,861.

Short Total Return Swap Contracts (Unaudited)

July 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
5.6100 % representing 1 month SOFR rate + spread	Total return of Dow Jones Internet Composite Index	Bank of America Merrill Lynch		12/8/2023		41,986	$	32,103,159	$	(1,045,653	)
5.3600 % representing 1 month SOFR rate + spread	Total return of Dow Jones Internet Composite Index	UBS Securities LLC		12/13/2023		40,963		25,945,903		(5,924,256	)
5.5100 % representing 1 month SOFR rate + spread	Total return of Dow Jones Internet Composite Index	Citibank N.A.		12/19/2023		14,537		9,207,059		(2,125,617	)
5.5100 % representing 1 month SOFR rate + spread	Total return of Dow Jones Internet Composite Index	J.P. Morgan		1/23/2024		19,911		13,390,945		(2,165,970	)

							$	80,647,066	$	(11,261,496	)

Direxion Daily Financial Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 74.1%
	Administrative and Support Services - 7.3%
	11,512	FactSet Research System, Inc.	$	5,008,181
	22,177	FleetCor Technologies, Inc. ^(a)		5,520,077
	47,407	Moody’s Corp.		16,722,819
	486,106	Visa, Inc. Class A		115,561,979

				142,813,056

	Amusement, Gambling, and Recreation Industries - 0.4%
	78,687	Global Payments, Inc.		8,675,242

	Chemical Manufacturing - 1.0%
	168,182	IntercontinentalExchange, Inc.		19,307,294

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.2%
	185,423	Fiserv, Inc. ^(a)		23,402,237

	Credit Intermediation and Related Activities - 28.4%
	178,614	American Express Co.		30,164,332
	2,082,663	Bank of America Corp.		66,645,216
	215,709	Bank of New York Mellon Corp.		9,784,560
	114,695	Capital One Financial Corp.		13,421,609
	584,803	Citigroup, Inc.		27,871,711
	145,385	Citizens Financial Group, Inc.		4,690,120
	39,557	Comerica, Inc.		2,134,496
	76,279	Discover Financial Services		8,051,248
	177,961	Fidelity National Information Services, Inc.		10,745,285
	204,478	Fifth Third Bancorp		5,950,310
	433,656	Huntington Bancshares, Inc.		5,307,949
	877,840	JPMorgan Chase & Co.		138,663,606
	280,951	KeyCorp		3,458,507
	49,829	M&T Bank Corp.		6,969,084
	251,356	MasterCard, Inc. Class A		99,104,644
	62,589	Northern Trust Corp.		5,014,631
	119,886	PNC Financial Services Group, Inc.		16,411,195
	281,869	Regions Financial Corp.		5,741,671
	100,401	State Street Corp.		7,273,048
	128,731	Synchrony Financial		4,446,369
	400,107	Truist Financial Corp.		13,291,555
	419,038	U.S. Bancorp		16,627,428
	1,127,113	Wells Fargo & Co.		52,027,536
	44,485	Zions Bancorp		1,701,551

				555,497,661

	Funds, Trusts, and Other Financial Vehicles - 0.4%
	67,466	T. Rowe Price Group, Inc.		8,315,859

	Insurance Carriers and Related Activities - 21.5%
	165,168	Aflac, Inc.		11,948,253
	78,962	Allstate Corp.		8,897,438
	217,402	American International Group, Inc.		13,104,993
	61,356	Aon PLC ADR (United Kingdom)		19,541,886
	111,876	Arch Capital Group Ltd. ADR ^(a)		8,691,646
	64,350	Arthur J. Gallagher & Co.		13,822,380
	15,966	Assurant, Inc.		2,147,587
	535,687	Berkshire Hathaway, Inc. Class B ^(a)		188,540,397
	70,720	Brown & Brown, Inc.		4,982,224
	124,418	Chubb Limited ADR (Switzerland)		25,432,283
	47,221	Cincinnati Financial Corp.		5,080,035
	12,877	Everest Re Group Ltd. ADR		4,642,287
	26,698	Globe Life, Inc.		2,994,715
	93,191	Hartford Financial Services Group, Inc.		6,698,569
	46,351	Lincoln National Corp.		1,299,682
	56,822	Loews Corp.		3,559,898
	148,614	Marsh & McLennan Companies, Inc.		28,001,850
	193,226	MetLife, Inc.		12,167,441
	67,827	Principal Financial Group, Inc.		5,417,343
	175,845	Progressive Corp.		22,152,953
	109,643	Prudential Financial, Inc.		10,579,453
	69,382	Travelers Companies, Inc.		11,976,027
	60,321	W.R. Berkley Corp.		3,721,203
	31,970	Willis Towers Watson PLC ADR (Ireland)		6,756,220

				422,156,763

	Professional, Scientific, and Technical Services - 0.2%
	21,898	Jack Henry & Associates, Inc.		3,669,448

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 12.4%
	31,291	Ameriprise Financial, Inc.		10,903,349
	44,987	BlackRock, Inc.		33,238,645
	31,708	CBOE Holdings, Inc.		4,428,973
	446,382	Charles Schwab Corp.		29,505,850
	108,052	CME Group, Inc.		21,498,026
	85,762	Franklin Resources, Inc.		2,507,681
	99,863	Goldman Sachs Group, Inc.		35,538,246
	137,628	Invesco Ltd. ADR ^(a)		2,312,150
	11,309	MarketAxess Holdings, Inc.		3,044,609
	391,327	Morgan Stanley		35,829,900
	24,051	MSCI, Inc. Class A		13,181,872
	101,718	NASDAQ OMX Group, Inc.		5,135,742
	57,293	Raymond James Financial, Inc.		6,306,241
	98,526	S&P Global, Inc.		38,869,492

				242,300,776

	Telecommunications - 1.3%
	335,150	PayPal Holdings, Inc. ^(a)		25,411,073

		TOTAL COMMON STOCKS (Cost $1,336,912,853)	$	1,451,549,409

	SHORT TERM INVESTMENTS - 21.4%
	Money Market Funds - 21.4%
	330,385,854	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	330,385,854
	177,225	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		177,225
	14,239,737	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		14,239,737
	73,421,062	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		73,421,062

		TOTAL SHORT TERM INVESTMENTS (Cost $418,223,878)	$	418,223,878

		TOTAL INVESTMENTS (Cost $1,755,136,731) - 95.5% ^(c)	$	1,869,773,287
		Other Assets in Excess of Liabilities - 4.5%		88,620,230

		TOTAL NET ASSETS - 100.0%	$	1,958,393,517

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 July 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 $1,337,087,019.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Financials Select Sector Index	6.2000 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		1,250,000	$	517,047,389	$	13,810,658
Total return of Financials Select Sector Index	5.8600 % representing 1 month SOFR rate + spread	Goldman Sachs	12/7/2023		1,447,834		575,842,282		49,599,007
Total return of Financials Select Sector Index	6.0100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		920,502		394,020,252		660,774
Total return of Financials Select Sector Index	5.8100 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		1,189,396		478,184,253		35,131,064
Total return of Financials Select Sector Index	5.9200 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		916,797		367,132,013		28,483,090
Total return of Financials Select Sector Index	6.1000 % representing 1 month SOFR rate + spread	Societe Generale	12/15/2023		1,036,605		427,195,351		22,321,131
Total return of Financials Select Sector Index	6.1100 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		1,442,333		613,319,403		(1,012,582	)
Total return of Financials Select Sector Index	5.8600 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		1,954,607		826,201,862		9,596,721

						$	4,198,942,805	$	158,589,863

Direxion Daily Financial Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 103.8%
	Money Market Funds - 103.8%
	68,730,691	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	68,730,691
	20,621,404	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		20,621,404
	68,746,081	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		68,746,081

		TOTAL SHORT TERM INVESTMENTS (Cost $158,098,176) ^(b)	$	158,098,176

		TOTAL INVESTMENTS (Cost $158,098,176) - 103.8%	$	158,098,176
		Liabilities in Excess of Other Assets - (3.8)%		(5,796,775	)

		TOTAL NET ASSETS - 100.0%	$	152,301,401

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 July 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 $96,682,335.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.5600% representing 1 month SOFR rate + spread	Total return of Financials Select Sector Index	Goldman Sachs	12/7/2023		197,292	$	83,106,579	$	(2,562,589	)
5.8100% representing 1 month SOFR rate + spread	Total return of Financials Select Sector Index	Bank of America Merrill Lynch	12/8/2023		419,698		181,077,462		2,026,843
5.5600% representing 1 month SOFR rate + spread	Total return of Financials Select Sector Index	J.P. Morgan	12/12/2023		237,896		99,279,383		(3,094,208	)
5.6600% representing 1 month SOFR rate + spread	Total return of Financials Select Sector Index	UBS Securities LLC	12/13/2023		111,314		48,765,658		650,003
5.7400% representing 1 month SOFR rate + spread	Total return of Financials Select Sector Index	Société Generale	12/18/2023		83,000		34,007,517		(1,966,366	)

						$	446,236,599	$	(4,946,317	)

Direxion Daily Healthcare Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 75.6%
	Ambulatory Health Care Services - 1.1%
	1,654	DaVita, Inc. ^(a)	$	168,691
	2,648	Laboratory Corp. of America Holdings		566,487
	1,743	Molina Healthcare, Inc. ^(a)		530,726
	3,348	Quest Diagnostics, Inc.		452,683
	35,840	Viatris, Inc.		377,395

				2,095,982

	Chemical Manufacturing - 27.2%
	52,736	AbbVie, Inc.		7,888,251
	15,971	Amgen, Inc.		3,739,610
	4,326	Biogen, Inc. ^(a)		1,168,842
	4,706	Bio-Techne Corp.		392,480
	62,795	Bristol-Myers Squibb Co.		3,905,221
	5,383	Catalent, Inc. ^(a)		261,183
	23,551	Eli Lilly and Company		10,705,107
	37,284	Gilead Sciences, Inc.		2,838,804
	5,535	Incyte Corp. ^(a)		352,690
	75,845	Merck & Co., Inc.		8,088,869
	7,624	Organon & Co.		167,576
	168,741	Pfizer, Inc.		6,084,800
	3,225	Regeneron Pharmaceuticals, Inc. ^(a)		2,392,660
	7,698	Vertex Pharmaceuticals, Inc. ^(a)		2,712,313
	2,219	West Pharmaceutical Services, Inc.		816,681
	13,813	Zoetis, Inc.		2,598,087

				54,113,174

	Computer and Electronic Product Manufacturing - 8.8%
	8,839	Agilent Technologies, Inc.		1,076,325
	638	Bio-Rad Laboratories, Inc. ^(a)		258,620
	19,851	Danaher Corp.		5,063,196
	11,687	GE HealthCare Technologies, Inc.		911,586
	7,357	Hologic, Inc. ^(a)		584,293
	2,481	IDEXX Laboratories, Inc. ^(a)		1,376,285
	4,726	Illumina, Inc. ^(a)		908,101
	3,749	PerkinElmer, Inc.		460,939
	11,529	Thermo Fisher Scientific, Inc.		6,325,501
	1,765	Waters Corp. ^(a)		487,511

				17,452,357

	Health and Personal Care Retailers - 1.4%
	38,320	CVS Health Corp.		2,862,121

	Hospitals - 1.0%
	6,167	HCA Healthcare, Inc.		1,682,419
	1,881	Universal Health Services, Inc. Class B		261,384

				1,943,803

	Insurance Carriers and Related Activities - 11.5%
	16,403	Centene Corp. ^(a)		1,116,880
	8,844	Cigna Corp.		2,609,865
	7,086	Elevance Health, Inc.		3,341,970
	3,735	Humana, Inc.		1,706,260
	27,829	UnitedHealth Group, Inc.		14,091,771

				22,866,746

	Machinery Manufacturing - 0.4%
	658	Mettler-Toledo International, Inc. ^(a)		827,415

	Management of Companies and Enterprises - 2.9%
	51,978	Abbott Laboratories		5,786,711

	Merchant Wholesalers, Durable Goods - 0.2%
	3,916	Henry Schein, Inc. ^(a)		308,542

	Merchant Wholesalers, Nondurable Goods - 1.6%
	4,841	AmerisourceBergen Corp.		904,783
	7,610	Cardinal Health, Inc.		696,087
	4,053	McKesson Corp.		1,630,927

				3,231,797

	Miscellaneous Manufacturing - 18.1%
	2,127	Align Technology, Inc. ^(a)		803,772
	15,120	Baxter International, Inc.		683,878
	8,489	Becton, Dickinson & Co.		2,365,205
	42,974	Boston Scientific Corp. ^(a)		2,228,202
	6,351	Dentsply Sirona, Inc.		263,694
	11,587	DexCom, Inc. ^(a)		1,443,277
	18,120	Edwards Lifesciences Corp. ^(a)		1,487,108
	2,083	Insulet Corp. ^(a)		576,470
	10,474	Intuitive Surgical, Inc. ^(a)		3,397,766
	77,677	Johnson & Johnson		13,013,228
	39,767	Medtronic PLC ADR (Ireland)		3,489,952
	4,392	ResMed, Inc.		976,561
	2,968	Steris PLC ADR (Ireland)		669,432
	10,098	Stryker Corp.		2,861,874
	1,404	Teleflex, Inc.		352,643
	1,478	The Cooper Companies, Inc.		578,282
	6,234	Zimmer Biomet Holdings, Inc.		861,227

				36,052,571

	Professional, Scientific, and Technical Services - 1.4%
	1,530	Charles River Laboratories International, Inc. ^(a)		320,596
	5,546	IQVIA Holdings, Inc. ^(a)		1,240,973
	9,799	Moderna, Inc. ^(a)		1,152,950

				2,714,519

		TOTAL COMMON STOCKS (Cost $152,266,680)	$	150,255,738

	SHORT TERM INVESTMENTS - 29.4%
	Money Market Funds - 29.4%
	21,595,292	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	21,595,292
	3,283,058	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		3,283,058
	33,477,027	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		33,477,027

		TOTAL SHORT TERM INVESTMENTS (Cost $58,355,377)	$	58,355,377

		TOTAL INVESTMENTS (Cost $210,622,057) - 105.0% ^(c)	$	208,611,115
		Liabilities in Excess of Other Assets - (5.0)%		(9,875,307	)

		TOTAL NET ASSETS - 100.0%	$	198,735,808

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 July 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 $163,774,754.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Health Care Select Sector Index	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		183,300	$	249,138,780	$	(5,466,945	)
Total return of Health Care Select Sector Index	5.9500 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		83,080		107,975,366		3,669,383
Total return of Health Care Select Sector Index	5.9100 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		62,919		87,002,375		(3,771,363	)

						$	444,116,521	$	(5,568,925	)

Direxion Daily Homebuilders & Supplies Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 38.7%
	Building Material and Garden Equipment and Supplies Dealers - 3.5%
	20,030	Lowe’s Companies, Inc.	$	4,692,428
	19,256	MasterBrand, Inc. ^(a)		237,812
	14,023	The Home Depot, Inc.		4,681,438

				9,611,678

	Construction of Buildings - 22.4%
	11,889	Beazer Homes USA, Inc. ^(a)		399,827
	11,501	Century Communities, Inc.		888,107
	125,233	D.R. Horton, Inc.		15,907,096
	10,833	Green Brick Partners , Inc. ^(a)		612,281
	32,391	KB Home		1,748,142
	5,751	Lennar Corp.		660,847
	102,395	Lennar Corp. Class A		12,986,758
	8,356	LGI Homes, Inc. ^(a)		1,159,395
	23,602	M.D.C Holdings, Inc.		1,210,311
	11,228	M/I Homes, Inc. ^(a)		1,122,800
	14,835	Meritage Homes Corp.		2,209,673
	1,231	NVR, Inc. ^(a)		7,763,228
	90,069	PulteGroup, Inc.		7,600,923
	44,026	Taylor Morrison Home Corp. ^(a)		2,131,739
	41,551	Toll Brothers, Inc.		3,337,792
	40,389	TRI Pointe Group, Inc. ^(a)		1,287,601

				61,026,520

	Fabricated Metal Product Manufacturing - 0.5%
	8,799	PGT Innovations, Inc. ^(a)		251,740
	6,393	Simpson Manufacturing Company, Inc.		1,010,094

				1,261,834

	Furniture and Related Product Manufacturing - 0.1%
	2,492	American Woodmark Corp. ^(a)		190,986

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.7%
	3,420	Ethan Allen Interiors, Inc.		107,627
	15,923	Floor & Decor Holdings, Inc. ^(a)		1,828,757

				1,936,384

	Machinery Manufacturing - 0.1%
	20,726	Hayward Holdings, Inc. ^(a)		276,899

	Management of Companies and Enterprises - 0.2%
	18,140	AZEK Company, Inc. ^(a)		565,968

	Merchant Wholesalers, Durable Goods - 3.6%
	7,451	Beacon Roofing Supply, Inc. ^(a)		638,327
	19,206	Builders FirstSource, Inc. ^(a)		2,773,923
	18,986	Fortune Brands Home & Security, Inc.		1,349,335
	19,946	Leggett & Platt, Inc.		583,620
	4,841	Lennox International, Inc.		1,778,777
	4,569	Lumber Liquidators Holdings, Inc. ^(a)		17,956
	7,920	Mohawk Industries, Inc. ^(a)		842,213
	5,007	Watsco, Inc. ^(b)		1,893,597

				9,877,748

	Merchant Wholesalers, Nondurable Goods - 1.8%
	17,571	The Sherwin Williams Co.		4,858,382

	Nonmetallic Mineral Product Manufacturing - 1.1%
	5,403	Eagle Materials, Inc.		996,151
	13,502	Owens Corning		1,890,145
	4,980	Quanex Building Products Corp.		140,137

				3,026,433

	Specialty Trade Contractors - 1.8%
	9,397	Installed Building Products, Inc.		1,390,944
	12,810	TopBuild Corp. ^(a)		3,509,043

				4,899,987

	Wood Product Manufacturing - 2.9%
	3,263	Cavco Industries, Inc. ^(a)		964,706
	12,733	JELD-WEN Holding, Inc. ^(a)		226,775
	10,795	Louisiana-Pacific Corp.		821,823
	33,728	Masco Corp.		2,046,615
	3,313	Masonite International Corp. ADR ^(a)		346,374
	21,406	Skyline Champion Corp. ^(a)		1,491,142
	16,303	Trex Company, Inc. ^(a)		1,127,190
	9,305	UFP Industries, Inc.		956,182

				7,980,807

		TOTAL COMMON STOCKS (Cost $77,503,099)	$	105,513,626

	SHORT TERM INVESTMENTS - 46.4%
	Money Market Funds - 46.4%
	82,666,022	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	82,666,022
	14,040,000	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(c)		14,040,000
	141,238	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		141,238
	29,489,785	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		29,489,785

		TOTAL SHORT TERM INVESTMENTS (Cost $126,337,045)	$	126,337,045

		TOTAL INVESTMENTS (Cost $203,840,144) - 85.1% ^(e)	$	231,850,671
		Other Assets in Excess of Liabilities - 14.9%		40,477,592

		TOTAL NET ASSETS - 100.0%	$	272,328,263

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 July 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 $203,472,846.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Dow Jones U.S. Select Home Construction Index	6.1000% representing 1 month SOFR rate + spread	BNP Paribas		12/5/2023		7,116	$	113,193,999	$	(1,140,273	)
Total return of Dow Jones U.S. Select Home Construction Index	5.8600% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		7,893		95,157,401		28,513,306
Total return of Dow Jones U.S. Select Home Construction Index	5.8600% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		10,182		161,964,768		(1,711,905	)
Total return of Dow Jones U.S. Select Home Construction Index	5.8100% representing 1 month SOFR rate + spread	Barclays		12/20/2023		11,859		127,700,386		57,370,275
Total return of Dow Jones U.S. Select Home Construction Index	5.8100% representing 1 month SOFR rate + spread	Goldman Sachs		8/13/2024		7,766		122,284,140		879,119

							$	620,300,694	$	83,910,522

Direxion Daily Industrials Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 64.8%
	Administrative and Support Services - 4.7%
	546	Allegion PLC ADR (Ireland)	$	63,806
	2,566	Automatic Data Processing, Inc.		634,469
	732	Broadridge Financial Solutions, Inc.		122,917
	761	Equifax, Inc.		155,305
	670	Robert Half International, Inc.		49,681
	1,439	Rollins, Inc.		58,754
	2,300	Waste Management, Inc.		376,717

				1,461,649

	Air Transportation - 1.7%
	795	Alaska Air Group, Inc. ^(a)		38,661
	4,055	American Airlines Group, Inc. ^(a)		67,921
	3,993	Delta Air Lines, Inc.		184,716
	3,696	Southwest Airlines Co.		126,255
	2,037	United Continental Holdings, Inc. ^(a)		110,630

				528,183

	Building Material and Garden Equipment and Supplies Dealers - 0.3%
	329	Snap-on, Inc.		89,633

	Computer and Electronic Product Manufacturing - 6.6%
	1,431	AMETEK, Inc.		226,957
	2,196	Fortive Corp.		172,057
	1,177	L3 Harris Technologies, Inc.		223,030
	886	Northrop Grumman Corp.		394,270
	2,567	Otis Worldwide Corp.		233,494
	9,076	Raytheon Technologies Corp.		798,053

				2,047,861

	Couriers and Messengers - 3.9%
	1,437	FedEx Corp.		387,918
	4,502	United Parcel Service, Inc. Class B		842,459

				1,230,377

	Electrical Equipment, Appliance, and Component Manufacturing - 2.4%
	774	A.O. Smith Corp.		56,216
	436	Axon Enterprise, Inc. ^(a)		81,065
	3,549	Emerson Electric Co.		324,201
	386	Generac Holdings, Inc. ^(a)		59,328
	713	Rockwell Automation, Inc.		239,775

				760,585

	Fabricated Metal Product Manufacturing - 0.5%
	1,025	Pentair PLC ADR (Ireland)		71,237
	951	Stanley Black & Decker, Inc.		94,406

				165,643

	Machinery Manufacturing - 12.9%
	5,185	Carrier Global Corp.		308,767
	3,201	Caterpillar, Inc.		848,809
	879	Cummins, Inc.		229,243
	1,676	Deere & Co.		720,009
	6,765	General Electric Co.		772,834
	470	IDEX Corp.		106,131
	2,513	Ingersoll Rand, Inc.		164,023
	334	Nordson Corp.		84,038
	797	Parker Hannifin Corp.		326,778
	1,416	Trane Technologies PLC ADR (Ireland)		282,407
	1,487	Xylem, Inc.		167,659

				4,010,698

	Merchant Wholesalers, Durable Goods - 4.1%
	536	Cintas Corp.		269,094
	2,664	Copart, Inc. ^(a)		235,471
	3,547	Fastenal Co.		207,890
	248	Huntington Ingalls Industries, Inc.		56,958
	4,262	Johnson Controls International PLC ADR (Ireland)		296,422
	278	W.W. Grainger, Inc.		205,300

				1,271,135

	Merchant Wholesalers, Nondurable Goods - 1.4%
	1,718	Illinois Tool Works, Inc.		452,384

	Miscellaneous Manufacturing - 1.9%
	3,427	3M Co.		382,110
	869	Dover Corp.		126,848
	1,253	Textron, Inc.		97,446

				606,404

	National Security and International Affairs - 0.3%
	852	Leidos Holdings, Inc.		79,688

	Primary Metal Manufacturing - 0.4%
	2,285	Howmet Aerospace, Inc.		116,855

	Professional, Scientific, and Technical Services - 3.8%
	2,475	Eaton Corp PLC ADR (Ireland)		508,167
	788	Jacobs Solutions, Inc.		98,823
	1,993	Paychex, Inc.		250,062
	302	Paycom Software, Inc.		111,365
	899	Verisk Analytics, Inc. Class A		205,817

				1,174,234

	Publishing Industries - 0.2%
	962	Ceridian HCM Holding, Inc. ^(a)		68,119

	Rail Transportation - 4.2%
	12,628	CSX Corp.		420,765
	3,786	Union Pacific Corp.		878,428

				1,299,193

	Rental and Leasing Services - 0.6%
	427	United Rentals, Inc.		198,418

	Specialty Trade Contractors - 0.6%
	901	Quanta Services, Inc.		181,660

	Support Activities for Transportation - 2.0%
	723	C.H. Robinson Worldwide, Inc.		72,430
	949	Expeditors International of Washington, Inc.		120,808
	514	J.B. Hunt Transport Services, Inc.		104,825
	1,414	Norfolk Southern Corp.		330,296

				628,359

	Transportation Equipment Manufacturing - 10.6%
	3,513	Boeing Co. ^(a)		839,080
	1,398	General Dynamics Corp.		312,565
	4,133	Honeywell International, Inc.		802,339
	1,400	Lockheed Martin Corp.		624,918
	3,246	Paccar, Inc.		279,578
	324	TransDigm Group, Inc.		291,509
	1,117	Wabtec Corp.		132,298

				3,282,287

	Truck Transportation - 0.8%
	559	Old Dominion Freight Line, Inc.		234,495

	Waste Management and Remediation Services - 0.6%
	1,277	Republic Services, Inc.		192,967

	Wood Product Manufacturing - 0.3%
	1,398	Masco Corp.		84,831

		TOTAL COMMON STOCKS (Cost $19,645,861)	$	20,165,658

	SHORT TERM INVESTMENTS - 34.1%
	Money Market Funds - 34.1%
	3,491,047	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	3,491,047
	5,290,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		5,290,000
	1,812,271	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		1,812,271

		TOTAL SHORT TERM INVESTMENTS (Cost $10,593,318)	$	10,593,318

		TOTAL INVESTMENTS (Cost $30,239,179) - 98.9% ^(c)	$	30,758,976
		Other Assets in Excess of Liabilities - 1.1%		332,777

		TOTAL NET ASSETS - 100.0%	$	31,091,753

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 July 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 $23,290,034.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.7600% representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		15,690	$	15,614,043	$	1,601,769
Total return of Industrials Select Sector Index	5.8100% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		21,600		22,729,969		1,130,480
Total return of Industrials Select Sector Index	5.6600% representing 1 month SOFR rate + spread	Barclays	12/20/2023		28,395		28,533,786		2,635,059

						$	66,877,798	$	5,367,308

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares		Fair Value
COMMON STOCKS - 64.1%
Administrative and Support Services - 2.5%
9,759	Royalty Pharma PLC ADR (United Kingdom)	$	306,237

Ambulatory Health Care Services - 5.8%
4,355	Axsome Therapeutics, Inc. ^(a)		341,737
34,240	Viatris, Inc.		360,547

			702,284

Chemical Manufacturing - 44.5%
3,865	Aclaris Therapeutics, Inc. ^(a)		38,148
2,121	Amphastar Pharmaceuticals, Inc. ^(a)		128,724
397	ANI Pharmaceuticals, Inc. ^(a)		20,862
4,956	Bristol-Myers Squibb Co.		308,214
4,577	Cassava Sciences, Inc. ^(a)(b)		100,602
8,275	Catalent, Inc. ^(a)		401,503
2,320	Collegium Pharmaceutical, Inc. ^(a)		52,803
4,846	Corcept Therapeutics, Inc. ^(a)		123,476
9,466	CymaBay Therapeutics, Inc. ^(a)		123,531
35,449	Elanco Animal Health, Inc. ^(a)		427,869
720	Eli Lilly and Company		327,276
4,505	Harmony Biosciences Holdings, Inc. ^(a)		159,342
3,970	Innoviva, Inc. ^(a)		53,794
4,856	Intra-Cellular Therapies, Inc. ^(a)		300,295
2,527	Jazz Pharmaceuticals PLC ADR (Ireland) ^(a)		329,571
705	Ligand Pharmaceuticals, Inc. ^(a)		47,186
2,901	Merck & Co., Inc.		309,392
14,652	Organon & Co.		322,051
3,795	Pacira Pharmaceuticals, Inc. ^(a)		137,948
8,204	Perrigo Co. PLC ADR (Ireland)		300,595
8,241	Pfizer, Inc.		297,170
4,448	Pliant Therapeutics, Inc. ^(a)		79,352
1,637	Prestige Consumer Healthcare, Inc. ^(a)		106,749
9,013	Revance Therapeutics, Inc. ^(a)		212,977
2,709	Supernus Pharmaceuticals, Inc. ^(a)		83,139
3,493	Theravance Biopharma, Inc. ADR ^(a)		34,546
6,074	Ventyx Biosciences, Inc. ^(a)		225,042
1,969	Zoetis, Inc.		370,349

			5,422,506

Computer and Electronic Product Manufacturing - 0.2%
4,879	Ocular Therapeutix, Inc. ^(a)		22,151

Merchant Wholesalers, Nondurable Goods - 1.3%
6,808	Amylxy Pharmaceuticals, Inc. ^(a)		159,648

Miscellaneous Manufacturing - 2.8%
2,007	Johnson & Johnson		336,233

Professional, Scientific, and Technical Services - 7.0%
3,243	Arvinas, Inc. ^(a)		80,167
3,012	DICE Therapeutics, Inc. ^(a)		141,564
2,783	Harrow Health, Inc. ^(a)		61,448
3,424	Reata Pharmaceuticals, Inc. ^(a)(b)		566,946

			850,125

	TOTAL COMMON STOCKS (Cost $7,367,989)	$	7,799,184

SHORT TERM INVESTMENTS - 33.5%
Money Market Funds - 33.5%
1,882,092	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	1,882,092
470,595	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		470,595
1,730,141	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		1,730,141

	TOTAL SHORT TERM INVESTMENTS (Cost $4,082,828)	$	4,082,828

	TOTAL INVESTMENTS (Cost $11,450,817) - 97.6% ^(e)	$	11,882,012
	Other Assets in Excess of Liabilities - 2.4%		294,820

	TOTAL NET ASSETS - 100.0%	$	12,176,832

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 July 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 $7,692,719.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.9500 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		1,708	$	7,946,336	$	598,426
Total return of S&P Pharmaceuticals Select Industry Index	5.7600 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		2,304		11,225,554		155,527
Total return of S&P Pharmaceuticals Select Industry Index	5.9100 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		1,700		8,224,822		108,829

						$	27,396,712	$	862,782

Direxion Daily Real Estate Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 75.0%
	Accommodation - 1.1%
	30,761	Host Hotels & Resorts, Inc.	$	566,002

	Administrative and Support Services - 1.4%
	12,612	Iron Mountain, Inc.		774,377

	Professional, Scientific, and Technical Services - 2.3%
	9,135	Extra Space Storage, Inc.		1,274,972

	Real Estate - 59.6%
	6,812	Alexandria Real Estate Equities, Inc.		856,132
	20,155	American Tower Corp.		3,835,698
	6,141	AvalonBay Communities, Inc.		1,158,500
	6,172	Boston Properties, Inc.		411,240
	4,621	Camden Property Trust		504,105
	13,446	CBRE Group, Inc. Class A ^(a)		1,120,186
	18,755	Crown Castle International Corp.		2,030,979
	12,603	Digital Realty Trust, Inc.		1,570,586
	14,747	Equity Residential		972,417
	2,776	Essex Property Trust, Inc.		676,095
	3,175	Federal Realty Investment Trust		322,326
	23,658	Healthpeak Properties, Inc.		516,454
	25,145	Invitation Homes, Inc.		892,648
	26,811	Kimco Realty Corp.		543,191
	5,048	Mid-America Apartment Communities, Inc.		755,484
	39,937	Prologis, Inc.		4,982,141
	6,843	Public Storage		1,928,015
	29,118	Realty Income Corp.		1,775,324
	6,660	Regency Centers Corp.		436,430
	14,144	Simon Property Group, Inc.		1,762,342
	13,380	UDR, Inc.		546,974
	17,299	Ventas, Inc.		839,348
	43,432	VICI Properties, Inc.		1,367,239
	21,499	Welltower, Inc.		1,766,143
	31,674	Weyerhaeuser Co.		1,078,816

				32,648,813

	Telecommunications - 7.9%
	4,047	Equinix, Inc.		3,277,746
	4,688	SBA Communications Corp.		1,026,438

				4,304,184

	Web Search Portals, Libraries, Archives, and Other Information Services - 2.7%
	17,671	CoStar Group, Inc. ^(a)		1,483,834

		TOTAL COMMON STOCKS (Cost $42,749,939)	$	41,052,182

	SHORT TERM INVESTMENTS - 27.2%
	Money Market Funds - 27.2%
	2,259,581	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	2,259,581
	12,646,433	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		12,646,433

		TOTAL SHORT TERM INVESTMENTS (Cost $14,906,014)	$	14,906,014

		TOTAL INVESTMENTS (Cost $57,655,953) - 102.2% ^(c)	$	55,958,196
		Liabilities in Excess of Other Assets - (2.2)%		(1,199,968	)

		TOTAL NET ASSETS - 100.0%	$	54,758,228

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 July 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 $46,726,362.

Long Total Return Swap Contracts (Unaudited)

July 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 Real Estate Select Sector Index	5.3600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		482,494	$	91,417,111	$	(1,500,357	)
Total return of Real Estate Select Sector Index	5.5600 % representing 1 month SOFR rate + spread	J.P. Morgan	1/8/2024		175,116		31,034,167		1,670,211

						$	122,451,278	$	169,854

Direxion Daily Real Estate Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 102.6%
	Money Market Funds - 102.6%
	79,379,033	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	79,379,033
	50,696,623	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		50,696,623

		TOTAL SHORT TERM INVESTMENTS (Cost $130,075,656) ^(b)	$	130,075,656

		TOTAL INVESTMENTS (Cost $130,075,656) - 102.6%	$	130,075,656
		Liabilities in Excess of Other Assets - (2.6)%		(3,345,412	)

		TOTAL NET ASSETS - 100.0%	$	126,730,244

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 July 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 $72,138,975.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.1600% representing 1 month SOFR rate + spread	Total return of Real Estate Select Sector Index	Bank of America Merrill Lynch	12/8/2023		719,814	$	139,666,436	$	5,433,895
5.0600% representing 1 month SOFR rate + spread	Total return of Real Estate Select Sector Index	J.P. Morgan	12/12/2023		555,434		102,619,599		(1,211,708	)
5.1100% representing 1 month SOFR rate + spread	Total return of Real Estate Select Sector Index	UBS Securities LLC	12/13/2023		753,766		142,940,087		2,575,316

						$	385,226,122	$	6,797,503

Direxion Daily Regional Banks Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 62.2%
	Credit Intermediation and Related Activities - 56.5%
	12,161	1st Source Corp.	$	570,351
	13,273	Amerant Bancorp, Inc.		263,071
	81,992	Ameris Bancorp		3,578,951
	364,896	Associated Banc-Corp		6,914,779
	121,386	Atlantic Union Bankshares Corp.		3,881,924
	86,750	Axos Financial, Inc. ^(a)		4,077,250
	16,354	BancFirst Corp.		1,633,765
	153,030	Bank of Hawaii Corp. ^(b)		8,742,604
	198,301	Bank OZK		8,671,703
	224,882	BankUnited, Inc.		6,710,479
	40,193	Banner Corp.		1,913,589
	59,689	Berkshire Hills Bancorp, Inc.		1,361,506
	37,538	BOK Financial Corp.		3,343,885
	131,133	Brookline Bancorp, Inc.		1,400,500
	260,675	Cadence Bank		6,529,909
	9,117	Camden National Corp.		315,266
	191,108	Capitol Federal Financial, Inc.		1,267,046
	59,425	Cathay General Bancorp		2,260,527
	277,860	Citizens Financial Group, Inc.		8,963,764
	15,618	City Holding Co.		1,544,776
	9,318	Coastal Financial Corp. ^(a)		420,894
	343,416	Columbia Banking System, Inc.		7,675,348
	115,960	Commerce Bancshares, Inc.		6,166,753
	60,466	Community Bank System, Inc.		3,254,885
	10,469	Community Trust Bancorp, Inc.		401,800
	44,231	ConnectOne Bancorp, Inc.		905,409
	81,906	Customers Bancorp, Inc. ^(a)		3,438,414
	289,359	CVB Financial Corp.		5,460,204
	43,650	Dime Community Bancshares, Inc.		977,760
	78,237	Eagle Bancorp, Inc.		2,167,165
	149,222	East West Bancorp, Inc.		9,283,101
	189,598	Eastern Bankshares, Inc.		2,677,124
	33,575	Enterprise Financial Services Corp.		1,376,575
	468,578	F.N.B. Corp.		5,993,113
	31,339	FB Financial Corp.		1,110,027
	43,144	First Bancorp		1,427,203
	220,944	First BanCorp ADR		3,281,018
	21,407	First Bancshares, Inc.		670,253
	30,286	First Busey Corp.		655,995
	124,892	First Commonwealth Financial Corp.		1,803,440
	58,008	First Financial Bancorp		1,339,405
	126,004	First Financial Bankshares, Inc.		4,106,470
	10,572	First Financial Corp.		403,956
	193,962	First Hawaiian, Inc.		4,013,074
	672,460	First Horizon National Corp.		9,165,630
	44,615	First Merchants Corp.		1,433,034
	34,092	Flushing Finanicial Corp.		537,972
	243,160	Fulton Financial Corp.		3,477,188
	132,660	Glacier Bancorp, Inc.		4,337,982
	5,375	Great Southern Bancorp, Inc.		297,399
	109,101	Hancock Holding Co.		4,801,535
	37,506	Hanmi Financial Corp. Class A		712,614
	47,349	HarborOne Bancorp, Inc.		496,691
	41,578	Heartland Financial USA, Inc.		1,427,789
	63,008	Heritage Commerce Corp.		604,877
	52,995	Heritage Financial Corp.		994,186
	59,815	Hilltop Holdings, Inc.		1,850,078
	223,971	Hope Bancorp, Inc.		2,432,325
	61,651	Horizon Bancorp, Inc.		763,856
	719,123	Huntington Bancshares, Inc.		8,802,066
	53,798	Independent Bank Corp. (Massachusetts)		3,241,329
	16,146	Independent Bank Corp. (Michigan)		333,576
	55,098	Independent Bank Group, Inc.		2,472,247
	37,793	International Bancshares Corp.		1,876,045
	54,055	Kearny Financial Corp.		464,332
	48,689	Lakeland Bancorp, Inc.		735,691
	27,572	Lakeland Financial Corp.		1,528,592
	56,325	Live Oak Bancshares, Inc.		2,133,028
	62,041	M&T Bank Corp.		8,677,054
	7,315	Mercantile Bank Corp.		256,903
	39,090	Meta Financial Group, Inc.		2,031,116
	15,315	Midland States Bancorp, Inc.		358,830
	32,621	NBT Bancorp, Inc.		1,213,501
	719,123	New York Community Bancorp, Inc.		9,974,236
	6,855	Nicolet Bankshares, Inc. ^(a)		573,421
	146,860	Northwest Bancshares, Inc.		1,815,190
	59,562	OceanFirst Financial Corp.		1,109,640
	47,328	OFG Bancorp ADR		1,585,015
	433,301	Old National Bancorp		7,379,116
	33,528	Old Second Bancorp, Inc.		536,113
	19,264	Origin Bancorp, Inc.		628,006
	125,420	Pacific Premier Bancorp, Inc.		3,203,227
	923,141	PacWest Bancorp ^(b)		8,585,211
	8,439	Park National Corp.		941,117
	14,550	Peapack-Gladstone Financial Corp.		425,296
	22,958	Peoples Bancorp, Inc.		646,727
	133,780	Pinnacle Financial Partners, Inc.		10,153,902
	119,232	Popular, Inc. ADR		8,650,282
	16,611	Preferred Bank		1,097,655
	30,168	Premier Financial Corp.		653,439
	129,325	Prosperity Bancshares, Inc.		8,188,859
	96,282	Provident Financial Services, Inc.		1,785,068
	426,343	Regions Financial Corp.		8,684,607
	41,359	Renasant Corp.		1,279,647
	30,475	S&T Bancorp, Inc.		962,400
	57,455	Sandy Spring Bancorp, Inc.		1,405,924
	151,514	Seacoast Banking Corp. of Florida		3,743,911
	110,686	Simmons First National Corp.		2,234,750
	28,257	Southside Bancshares, Inc.		938,415
	29,147	Stellar Bancorp, Inc. ^(b)		724,594
	254,515	Synovus Financial Corp.		8,628,058
	94,948	Texas Capital Bancshares, Inc. ^(a)		6,062,430
	56,562	The Bancorp, Inc. ^(a)		2,143,700
	8,145	Tompkins Financial Corp.		490,003
	40,614	Towne Bank		1,026,722
	17,237	TriCo Bancshares		644,319
	33,464	Triumph Bancorp, Inc. ^(a)		2,372,932
	241,325	Truist Financial Corp.		8,016,816
	17,756	TrustCo Bank Corp. NY		539,605
	57,697	Trustmark Corp.		1,515,123
	71,183	UMB Financial Corp.		5,053,993
	132,620	United Bankshares, Inc.		4,434,813
	127,194	United Community Banks, Inc.		3,697,530
	21,330	Univest Corp. of Pennsylvania		415,935
	940,783	Valley National Bancorp		9,652,434
	132,992	Washington Federal, Inc.		4,128,072
	27,273	Washington Trust Bancorp, Inc.		874,372
	203,216	Webster Financial Corp.		9,616,181
	43,295	WesBanco, Inc.		1,212,693
	41,892	Westamerica Bancorp		2,060,667
	201,865	Western Alliance Bancorp		10,486,887
	99,410	Wintrust Financial Corp.		8,386,228
	52,612	WSFS Financial Corp.		2,301,775
	255,085	Zions Bancorp		9,757,001

				401,836,554

	Management of Companies and Enterprises - 5.6%
	109,580	Banc of California, Inc.		1,557,132
	23,150	Byline Bancorp, Inc.		508,142
	36,345	Central Pacific Financial Corp.		662,933
	35,065	Colmombia Financial, Inc. ^(a)		612,936
	71,869	Cullen/Frost Bankers, Inc.		7,803,536
	156,533	First Interstate BancSystem, Inc.		4,497,193
	205,491	Home Bancshares, Inc.		4,995,486
	58,925	Metropolitan Bank Holding Corp. ^(a)		2,668,713
	43,744	National Bank Holdings Corp.		1,503,044
	54,063	ServisFirst Bancshares, Inc.		3,226,480
	111,584	South State Corp.		8,666,729
	20,723	Stock Yards Bancorp, Inc.		990,767
	85,690	Veritex Holdings, Inc.		1,843,192

				39,536,283

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.1%
	21,200	CrossFirst Bankshares, Inc. ^(a)		247,404
	10,148	QCR Holdings, Inc.		519,882

				767,286

		TOTAL COMMON STOCKS (Cost $387,582,152)	$	442,140,123

	SHORT TERM INVESTMENTS - 37.0%
	Money Market Funds - 37.0%
	100,484,466	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	100,484,466
	61,039,244	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(c)		61,039,244
	38,395,949	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		38,395,949
	63,363,069	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		63,363,069

		TOTAL SHORT TERM INVESTMENTS (Cost $263,282,728)	$	263,282,728

		TOTAL INVESTMENTS (Cost $650,864,880) - 99.2% ^(e)	$	705,422,851
		Other Assets in Excess of Liabilities - 0.8%		6,023,135

		TOTAL NET ASSETS - 100.0%	$	711,445,986

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 July 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 $420,855,388.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.8600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		50,000	$	65,919,681	$	10,344,148
Total return of S&P Regional Banks Select Industry Index	5.8500 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		104,340		133,682,536		25,785,960
Total return of S&P Regional Banks Select Industry Index	6.1100 % representing 1 month SOFR rate + spread	Societe Generale	12/18/2023		60,000		81,464,991		10,152,609
Total return of S&P Regional Banks Select Industry Index	5.8600 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		210,079		293,527,943		27,149,852
Total return of S&P Regional Banks Select Industry Index	5.8100 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		380,000		484,449,693		95,577,662
Total return of S&P Regional Banks Select Industry Index	5.8100 % representing 1 month SOFR rate + spread	Goldman Sachs	3/5/2024		300,000		386,018,944		72,091,224

						$	1,445,063,788	$	241,101,455

Direxion Daily Retail Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 71.3%
	Administrative and Support Services - 1.1%
	35,887	Revolve Group, Inc. ^(a)(b)	$	707,692

	Building Material and Garden Equipment and Supplies Dealers - 0.9%
	2,606	Tractor Supply Co.		583,718

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 17.9%
	16,556	Abercrombie & Fitch Co. Class A ^(a)		655,783
	11,250	Academy Sports & Outdoors Inc.		672,637
	47,727	American Eagle Outfitters, Inc.		670,564
	13,427	Bath & Body Works, Inc.		497,605
	7,790	Boot Barn Holdings, Inc. ^(a)		731,481
	19,166	Caleres, Inc.		518,249
	67,958	Chicos FAS, Inc. ^(a)		414,544
	58,489	Designer Brands, Inc.		581,966
	21,937	Foot Locker, Inc.		589,447
	58,997	Gap, Inc.		607,669
	27,298	Guess?, Inc.		572,985
	28,723	Nordstrom, Inc. ^(b)		663,789
	5,495	Ross Stores, Inc.		629,947
	15,510	Shoe Carnival, Inc.		412,721
	9,461	Signet Jewelers Ltd. ADR		761,516
	15,772	The Buckle, Inc.		576,624
	7,140	TJX Companies, Inc.		617,824
	17,281	Urban Outfitters, Inc. ^(a)		628,510
	31,357	Victoria’s Secret & Co. ^(a)		642,505

				11,446,366

	Food and Beverage Retailers - 4.7%
	27,248	Albertsons Companies, Inc. Class A		592,099
	20,293	Grocery Outlet Holding Corp. ^(a)		678,801
	3,146	Ingles Markets, Inc.		266,781
	12,275	Kroger Co.		597,056
	16,729	Sprouts Farmers Market, Inc. ^(a)		656,613
	3,849	Weis Markets, Inc.		255,342

				3,046,692

	Food Services and Drinking Places - 1.0%
	2,594	Casey’s General Stores, Inc.		655,400

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 1.8%
	7,544	Best Buy Co., Inc.		626,529
	24,994	GameStop Corp. Class A ^(a)(b)		554,867

				1,181,396

	General Merchandise Retailers - 14.6%
	4,600	Amazon.com, Inc. ^(a)		614,928
	9,099	BJ’s Wholesale Club Holdings, Inc. ^(a)		603,355
	3,897	Burlington Stores, Inc. ^(a)		692,185
	1,091	Costco Wholesale Corp.		611,691
	1,658	Dillard’s, Inc. Class A		568,760
	3,701	Dollar General Corp.		624,951
	4,299	Dollar Tree, Inc. ^(a)		663,465
	12,377	eBay, Inc.		550,900
	6,215	Etsy, Inc. ^(a)		631,755
	3,059	Five Below, Inc. ^(a)		637,312
	25,700	Kohl’s Corp.		731,165
	36,203	Macy’s, Inc. ^(b)		600,608
	4,135	PriceSmart, Inc.		321,413
	4,470	Target Corp.		610,021
	3,700	Wal-Mart Stores, Inc.		591,482
	807	Winmark Corp.		293,312

				9,347,303

	Health and Personal Care Retailers - 3.9%
	16,126	Petmed Express, Inc.		236,246
	47,134	Sally Beauty Holdings, Inc. ^(a)		564,194
	1,333	Ulta Salon, Cosmetics & Fragrance, Inc. ^(a)		592,918
	18,049	Walgreens Boots Alliance, Inc.		540,929
	38,316	Warby Parker, Inc. ^(a)(b)		572,441

				2,506,728

	Merchant Wholesalers, Durable Goods - 0.5%
	2,675	America’s Car-Mart, Inc. ^(a)		318,646

	Miscellaneous Manufacturing - 1.6%
	21,741	National Vision Holdings, Inc. ^(a)		470,258
	64,951	Petco Health & Wellness Co., Inc. ^(a)		530,000

				1,000,258

	Motor Vehicle and Parts Dealers - 12.6%
	8,912	Advance Auto Parts, Inc.		662,964
	2,505	Asbury Automotive Group, Inc. ^(a)		565,128
	3,995	AutoNation, Inc. ^(a)		643,115
	239	AutoZone, Inc. ^(a)		593,131
	7,195	CarMax, Inc. ^(a)		594,379
	29,729	Carvana Co. ^(a)(b)		1,366,047
	2,355	Group 1 Automotive, Inc.		608,838
	13,776	MarineMax, Inc. ^(a)		555,586
	1,988	Murphy USA, Inc.		610,376
	624	O’Reilly Automotive, Inc. ^(a)		577,693
	3,072	OneWater Marine. Inc. ^(a)		115,661
	3,786	Penske Automotive Group, Inc.		611,136
	12,392	Sonic Automotive, Inc.		593,453

				8,097,507

	Printing and Related Support Activities - 0.1%
	8,175	Arko Corp.		68,179

	Professional, Scientific, and Technical Services - 0.8%
	16,258	Franchise Group, Inc. ^(b)		483,838

	Rental and Leasing Services - 0.8%
	14,595	Upbound Group, Inc.		505,425

	Repair and Maintenance - 0.9%
	15,262	Valvoline, Inc.		579,498

	Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers - 7.0%
	19,608	Camping World Holdings, Inc. ^(b)		628,044
	15,403	Chewy, Inc. ^(a)		522,162
	4,173	Dick’s Sporting Goods, Inc.		588,393
	15,603	Hibbett Sports, Inc.		723,979
	54,834	Leslie’s, Inc. ^(a)		349,292
	11,152	Monro Muffler Brake, Inc.		408,721
	9,159	Ollie’s Bargain Outlet Holdings, Inc. ^(a)		667,508
	12,235	The ODP Corp. ^(a)		610,282

				4,498,381

	Truck Transportation - 1.1%
	2,220	Lithia Motors, Inc. Class A		689,377

		TOTAL COMMON STOCKS (Cost $41,398,391)	$	45,716,404

	SHORT TERM INVESTMENTS - 36.0%
	Money Market Funds - 36.0%
	8,174,827	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	8,174,827
	1	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		1
	14,900,382	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		14,900,382

		TOTAL SHORT TERM INVESTMENTS (Cost $23,075,210)	$	23,075,210

		TOTAL INVESTMENTS (Cost $64,473,601) - 107.3% ^(e)	$	68,791,614
		Liabilities in Excess of Other Assets - (7.3)%		(4,704,278	)

		TOTAL NET ASSETS - 100.0%	$	64,087,336

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 July 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 $40,450,430.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.7100 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		8,491	$	55,120,730	$	5,065,055
Total return of S&P Retail Select Industry^® Index	5.9000 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		3,729		24,137,315		2,308,504
Total return of S&P Retail Select Industry^® Index	5.7600 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		8,260		54,355,540		4,167,370

							$	133,613,585	$	11,540,929

Direxion Daily S&P 500^® High Beta Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 70.5%
	Accommodation - 1.8%
	16,336	Caesars Entertainment Inc. ^(a)	$	964,151
	11,045	MGM Resorts International		560,754

				1,524,905

	Air Transportation - 1.3%
	34,554	American Airlines Group, Inc. ^(a)		578,779
	9,574	United Continental Holdings, Inc. ^(a)		519,964

				1,098,743

	Amusement, Gambling, and Recreation Industries - 0.5%
	4,110	Global Payments, Inc.		453,128

	Apparel Manufacturing - 1.1%
	3,780	Ralph Lauren Corp.		496,428
	19,768	VF Corp.		391,604

				888,032

	Broadcasting and Content Providers - 1.1%
	30,509	Paramount Global Class B		489,059
	36,838	Warner Bros Discovery, Inc. ^(a)		481,473

				970,532

	Chemical Manufacturing - 2.5%
	2,255	Albemarle Corp.		478,691
	12,755	Catalent, Inc. ^(a)		618,873
	4,331	Celanese Corp.		543,064
	5,242	Eastman Chemical Co.		448,610

				2,089,238

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.6%
	13,754	Bath & Body Works, Inc.		509,723

	Computer and Electronic Product Manufacturing - 18.5%
	6,697	Advanced Micro Devices, Inc. ^(a)		766,137
	4,086	Alphabet, Inc. Class C ^(a)		543,887
	2,545	Apple, Inc.		499,965
	3,000	Arista Networks, Inc. ^(a)		465,270
	663	Broadcom, Inc.		595,805
	3,106	Enphase Energy, Inc. ^(a)		471,584
	6,792	Fortinet, Inc. ^(a)		527,874
	14,161	HP, Inc.		464,906
	871	IDEXX Laboratories, Inc. ^(a)		483,170
	2,365	Illumina, Inc. ^(a)		454,435
	14,364	Intel Corp.		513,800
	6,975	Microchip Technology, Inc.		655,231
	7,762	Micron Technology, Inc.		554,129
	1,546	Monolithic Power Systems, Inc.		864,972
	2,417	NVIDIA Corp.		1,129,440
	2,946	NXP Semiconductors NV ADR (Netherlands)		656,899
	7,907	ON Semiconductor Corp. ^(a)		851,979
	5,364	Qorvo, Inc. ^(a)		590,147
	4,505	Qualcomm, Inc.		595,426
	7,521	Seagate Technology Holdings PLC ADR (Ireland)		477,583
	4,962	Skyworks Solutions, Inc.		567,504
	1,834	SolarEdge Technologies, Inc. ^(a)		442,838
	5,721	Teradyne, Inc.		646,130
	10,272	Trimble, Inc. ^(a)		552,634
	14,414	Western Digital Corp. ^(a)		613,460
	1,880	Zebra Technologies Corp. Class A ^(a)		578,965

				15,564,170

	Construction of Buildings - 0.6%
	6,198	PulteGroup, Inc.		523,049

	Credit Intermediation and Related Activities - 4.0%
	5,504	Capital One Financial Corp.		644,078
	4,451	Discover Financial Services		469,803
	44,630	KeyCorp		549,395
	6,125	State Street Corp.		443,695
	17,541	Synchrony Financial		605,866
	17,502	Zions Bancorp		669,452

				3,382,289

	Electrical Equipment, Appliance, and Component Manufacturing - 1.1%
	5,883	Generac Holdings, Inc. ^(a)		904,217

	Fabricated Metal Product Manufacturing - 1.2%
	3,066	Nucor Corp.		527,628
	5,202	Stanley Black & Decker, Inc.		516,403

				1,044,031

	Funds, Trusts, and Other Financial Vehicles - 0.7%
	4,861	T. Rowe Price Group, Inc.		599,167

	General Merchandise Retailers - 2.1%
	5,082	Amazon.com, Inc. ^(a)		679,362
	9,251	eBay, Inc.		411,762
	6,657	Etsy, Inc. ^(a)		676,684

				1,767,808

	Insurance Carriers and Related Activities - 0.9%
	26,359	Lincoln National Corp.		739,106

	Leather and Allied Product Manufacturing - 0.5%
	3,620	NIKE, Inc. Class B		399,612

	Machinery Manufacturing - 1.8%
	4,837	Applied Materials, Inc.		733,241
	1,100	Lam Research Corp.		790,339

				1,523,580

	Management of Companies and Enterprises - 2.7%
	66,874	Carnival Corp. ADR (Panama) ^(a)		1,259,906
	47,488	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		1,048,060

				2,307,966

	Merchant Wholesalers, Durable Goods - 1.4%
	1,329	KLA-Tencor Corp.		683,040
	1,206	Pool Corp.		463,996

				1,147,036

	Mining (except Oil and Gas) - 0.7%
	12,573	Freeport-McMoRan Copper & Gold, Inc.		561,384

	Miscellaneous Manufacturing - 1.9%
	1,757	Align Technology, Inc. ^(a)		663,952
	3,589	DexCom, Inc. ^(a)		447,046
	1,402	Intuitive Surgical, Inc. ^(a)		454,809

				1,565,807

	Motion Picture and Sound Recording Industries - 0.8%
	1,578	Netflix, Inc. ^(a)		692,695

	Motor Vehicle and Parts Dealers - 0.7%
	6,891	CarMax, Inc. ^(a)		569,266

	Oil and Gas Extraction - 0.6%
	12,787	APA Corp.		517,746

	Professional, Scientific, and Technical Services - 5.3%
	19,589	DXC Technology Co. ^(a)		541,636
	2,137	EPAM Systems, Inc. ^(a)		506,063
	16,945	Match Group, Inc. ^(a)		788,112
	2,494	Meta Platforms, Inc. ^(a)		794,588
	3,461	Moderna, Inc. ^(a)		407,221
	1,975	Paycom Software, Inc.		728,301
	1,164	ServiceNow, Inc. ^(a)		678,612

				4,444,533

	Publishing Industries - 6.6%
	1,364	Adobe Systems, Inc. ^(a)		744,976
	1,601	Ansys, Inc. ^(a)		547,702
	2,690	Autodesk, Inc. ^(a)		570,253
	2,041	Cadence Design Systems, Inc. ^(a)		477,615
	10,069	Ceridian HCM Holding, Inc. ^(a)		712,986
	562	Fair Isaac Corp. ^(a)		470,939
	1,292	Intuit, Inc.		661,116
	1,361	Microsoft Corp.		457,187
	2,325	Salesforce.com, Inc. ^(a)		523,148
	1,070	Tyler Technologies, Inc. ^(a)		424,394

				5,590,316

	Rental and Leasing Services - 0.7%
	1,338	United Rentals, Inc.		621,742

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.5%
	698	BlackRock, Inc.		515,718
	17,450	Franklin Resources, Inc.		510,238
	31,359	Invesco Ltd. ADR ^(a)		526,831
	962	MSCI, Inc. Class A		527,253

				2,080,040

	Support Activities for Transportation - 0.8%
	5,263	Expedia, Inc. ^(a)		644,875

	Telecommunications - 0.7%
	8,122	PayPal Holdings, Inc. ^(a)		615,810

	Transportation Equipment Manufacturing - 3.1%
	5,683	Aptiv PLC ADR (United Kingdom) ^(a)		622,232
	40,748	Ford Motor Co.		538,281
	14,109	General Motors Co.		541,362
	3,478	Tesla Motors, Inc. ^(a)		930,122

				2,631,997

	Truck Transportation - 0.7%
	1,369	Old Dominion Freight Line, Inc.		574,282

	Water Transportation - 1.0%
	8,055	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		878,881

		TOTAL COMMON STOCKS (Cost $52,835,705)	$	59,425,706

	SHORT TERM INVESTMENTS - 27.8%
	Money Market Funds - 27.8%
	6,384,738	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	6,384,738
	6,700,580	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		6,700,580
	10,325,719	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		10,325,719

		TOTAL SHORT TERM INVESTMENTS (Cost $23,411,037)	$	23,411,037

		TOTAL INVESTMENTS (Cost $76,246,742) - 98.3% ^(c)	$	82,836,743
		Other Assets in Excess of Liabilities - 1.7%		1,505,874

		TOTAL NET ASSETS - 100.0%	$	84,342,617

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 July 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 $51,820,990.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.3400% representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		2,429	$	45,630,468	$	507,891
Total return of S&P 500^® High Beta Index	5.7100% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		2,594		43,613,644		5,174,032
Total return of S&P 500^® High Beta Index	5.7600% representing 1 month SOFR rate + spread	Barclays	12/20/2023		4,553		74,147,458		11,814,202
Total return of S&P 500^® High Beta Index	5.7900% representing 1 month SOFR rate + spread	J.P. Morgan	8/13/2024		603		11,279,803		160,282

						$	174,671,373	$	17,656,407

Direxion Daily S&P 500^® High Beta Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 129.3%
	Money Market Funds - 129.3%
	25,546,398	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	25,546,398
	5,681,045	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		5,681,045
	23,737,753	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		23,737,753

		TOTAL SHORT TERM INVESTMENTS (Cost $54,965,196) ^(b)	$	54,965,196

		TOTAL INVESTMENTS (Cost $54,965,196) - 129.3%	$	54,965,196
		Liabilities in Excess of Other Assets - (29.3)%		(12,439,830	)

		TOTAL NET ASSETS - 100.0%	$	42,525,366

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 July 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 $37,033,298.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3600% representing 1 month SOFR rate + spread	Total return of S&P 500^® High Beta Index	Bank of America Merrill Lynch	12/8/2023		1,321	$	23,066,666	$	(1,611,927	)
5.0600% representing 1 month SOFR rate + spread	Total return of S&P 500^® High Beta Index	J.P. Morgan	12/12/2023		2,353		36,826,208		(7,428,717	)
5.1300% representing 1 month SOFR rate + spread	Total return of S&P 500^® High Beta Index	UBS Securities LLC	12/13/2023		2,067		37,971,268		(1,026,199	)
5.5100% representing 1 month SOFR rate + spread	Total return of S&P 500^® High Beta Index	Barclays	12/20/2023		967		15,970,871		(2,244,997	)

						$	113,835,013	$	(12,311,840	)

Direxion Daily S&P Biotech Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 69.6%
	Administrative and Support Services - 0.4%
	281,156	Day One Biopharmaceuticals ^(a)	$	3,722,506

	Ambulatory Health Care Services - 1.3%
	331,316	CareDx, Inc. ^(a)		3,614,658
	67,831	Keros Therapeutics, Inc. ^(a)		2,840,762
	165,883	Natera, Inc. ^(a)		7,501,229

				13,956,649

	Apparel Manufacturing - 0.2%
	324,369	Sana Biotechnology, Inc. ^(a)(b)		1,900,802

	Chemical Manufacturing - 47.4%
	223,057	2seventy bio, Inc. ^(a)		1,693,003
	388,200	89BIO, Inc. ^(a)		6,149,088
	58,116	AbbVie, Inc.		8,692,991
	324,588	Acadia Pharmaceuticals Inc. ^(a)		9,490,953
	693,801	ADMA Biologics, Inc. ^(a)		2,879,274
	158,076	Agios Pharmaceuticals, Inc. ^(a)		4,192,176
	244,658	Aldeyra Therapeutics, Inc. ^(a)		1,985,400
	257,720	Alkermes PLC ADR (Ireland) ^(a)		7,546,042
	42,048	Alnylam Pharmaceuticals, Inc. ^(a)		8,216,179
	36,765	Amgen, Inc.		8,608,525
	626,560	Amicus Therapeutics, Inc. ^(a)		8,533,747
	139,184	Arcellx, Inc. ^(a)		4,767,052
	153,116	Arcturus Therapeutics Holdings, Inc. ^(a)		5,352,935
	289,886	Arcus Biosciences Inc. ^(a)		5,768,731
	483,052	Arcutis Biotherapeutics, Inc. ^(a)		5,270,097
	197,491	Avid Bioservices, Inc. ^(a)		2,500,236
	249,231	Beam Therapeutics, Inc. ^(a)		7,693,761
	941,879	BioCryst Pharmaceuticals, Inc. ^(a)		6,960,486
	25,834	Biogen, Inc. ^(a)		6,980,088
	183,190	Biohaven, Ltd. ^(a)		3,641,817
	87,828	BioMarin Pharmaceutical, Inc. ^(a)		7,722,716
	132,315	Biomea Fusion, Inc. ^(a)(b)		2,944,009
	190,928	Bioxcel Therapeutics Inc. ^(a)		1,745,082
	1,591,868	bluebird bio, Inc. ^(a)(b)		6,256,041
	137,238	Blueprint Medicines Corp. ^(a)		9,057,708
	501,603	BridgeBio Pharma, Inc. ^(a)		17,561,121
	690,662	Catalyst Pharmaceuticals, Inc. ^(a)		9,551,855
	198,521	Celldex Therapeutics, Inc. ^(a)		7,019,703
	201,118	Chinook Therapeutics, Inc. ^(a)		7,879,803
	199,180	Cogent Biosciences, Inc. ^(a)		2,587,348
	133,497	Crinetics Pharmaceuticals, Inc. ^(a)		2,536,443
	223,229	Deciphera Pharmaceuticals, Inc. ^(a)		3,018,056
	240,111	Denali Therapeutics, Inc. ^(a)		6,826,356
	561,874	Emergent Biosolutions, Inc. ^(a)		3,865,693
	89,109	Enanta Pharmaceuticals, Inc. ^(a)		1,690,398
	350,728	FibroGen, Inc. ^(a)		722,500
	1,279,948	Geron Corp. ^(a)		4,147,032
	102,684	Gilead Sciences, Inc.		7,818,360
	236,282	Halozyme Therapeutics, Inc. ^(a)		10,150,675
	325,856	Immunogen, Inc. ^(a)		5,806,754
	131,402	Incyte Corp. ^(a)		8,372,935
	358,521	Insmed, Inc. ^(a)		7,919,729
	185,645	Intellia Therapeutics, Inc. ^(a)		7,858,353
	398,292	Intercept Pharmaceuticals, Inc. ^(a)		4,301,554
	197,460	Ionis Pharmaceuticals, Inc. ^(a)		8,180,768
	700,642	Ironwood Pharmaceuticals, Inc. Class A ^(a)		7,770,120
	83,684	iTeos Therapeutics, Inc. ^(a)		1,176,597
	35,207	Karuna Therapeutics, Inc. ^(a)		7,033,302
	115,379	Kiniksa Pharmaceuticals, Ltd. ADR ^(a)		2,173,740
	51,398	Krystal Biotech, Inc. ^(a)		6,635,482
	30,170	Madrigal Pharmaceuticals, Inc. ^(a)		6,193,901
	1,144,224	MannKind Corp. ^(a)		5,229,104
	325,269	Mersana Therapeutics Inc. ^(a)		398,455
	111,928	Mirum Pharmaceuticals, Inc. ^(a)		2,883,265
	125,668	Morphic Holding, Inc. ^(a)		7,129,146
	189,597	Myriad Genetics, Inc. ^(a)		4,237,493
	86,044	Neurocrine Biosciences, Inc. ^(a)		8,767,023
	1,074,367	Novavax, Inc. ^(a)(b)		9,970,126
	115,560	Prothena Corp. PLC ADR (Ireland) ^(a)		7,958,617
	186,633	PTC Therapeutics, Inc. ^(a)		7,528,775
	123,005	RAPT Therapeutics, Inc. ^(a)		2,939,819
	10,687	Regeneron Pharmaceuticals, Inc. ^(a)		7,928,792
	151,606	REGENXBIO, Inc. ^(a)		2,880,514
	139,833	Replimune Group Inc. ^(a)		2,946,281
	250,506	Rhythm Pharmaceuticals, Inc. ^(a)(b)		4,469,027
	225,150	Rocket Pharmaceuticals, Inc. ^(a)		4,063,957
	695,879	Roivant Sciences Ltd. ADR (Ireland) ^(a)		8,336,630
	133,944	Sage Therapeutics, Inc. ^(a)		4,645,178
	62,795	Sarepta Therapeutics, Inc. ^(a)		6,806,350
	40,659	Seagen, Inc. ^(a)		7,797,583
	747,089	Seres Therapeutics, Inc. ^(a)		3,593,498
	232,647	SpringWorks Therapeutics, Inc. ^(a)		7,300,463
	323,960	Syndax Pharmaceuticals Inc. ^(a)		6,906,827
	292,231	TG Therapeutics, Inc. ^(a)		6,046,259
	481,394	Travere Therapeutics, Inc. ^(a)		8,275,163
	399,663	Twist Bioscience Corp. ^(a)		9,727,797
	156,165	Ultragenyx Pharmaceutical, Inc. ^(a)		6,733,835
	191,307	uniQure N.V. ADR (Netherlands) ^(a)		1,983,854
	35,062	United Therapeutics Corp. ^(a)		8,510,249
	212,644	Vanda Pharmaceuticals, Inc. ^(a)		1,229,082
	235,160	Veracyte, Inc. ^(a)		6,455,142
	90,265	Vericel Corp. ^(a)		3,242,319
	24,103	Vertex Pharmaceuticals, Inc. ^(a)		8,492,451
	235,693	Viridian Therapeutics, Inc. ^(a)		4,421,601
	114,972	Xencor, Inc. ^(a)		2,792,670

				496,074,060

	Hospitals - 0.4%
	77,715	Nuvalent, Inc. ^(a)		3,874,093

	Merchant Wholesalers, Durable Goods - 0.1%
	113,286	Dyne Therapeutics, Inc. ^(a)		1,379,824

	Merchant Wholesalers, Nondurable Goods - 3.1%
	152,926	Akero Therapeutics, Inc. ^(a)		6,636,988
	341,345	Allakos, Inc. ^(a)		1,836,436
	275,823	Protagonist Therapeutics Inc. ^(a)		5,350,966
	605,777	Relay Therapeutics, Inc. ^(a)		7,632,790
	330,755	Viking Therapeutics, Inc. ^(a)(b)		4,795,948
	242,469	Zentalis Pharmaceuticals, Inc. ^(a)		6,476,347

				32,729,475

	Miscellaneous Manufacturing - 0.8%
	27,201	Anika Therapeutics, Inc. ^(a)		634,599
	129,831	MiMedx Group, Inc. ^(a)		1,047,736
	211,277	Mirati Therapeutics, Inc. ^(a)		6,395,355

				8,077,690

	Professional, Scientific, and Technical Services - 13.6%
	153,152	4D Molecular Therapeutics, Inc. ^(a)		2,802,681
	1,389,141	Agenus, Inc. ^(a)		2,111,494
	160,665	Alector, Inc. ^(a)		1,102,162
	737,852	Allogene Therapeutics, Inc. ^(a)		3,659,746
	89,456	AnaptysBio, Inc. ^(a)		1,763,178
	338,739	Anavex Life Sciences Corp. ^(a)(b)		2,794,597
	89,149	Apellis Pharmaceuticals, Inc. ^(a)		2,295,587
	2,016,395	Ardelyx, Inc. ^(a)		7,944,596
	227,227	Arrowhead Pharmaceuticals, Inc. ^(a)		7,843,876
	529,376	Avidity Biosciences, Inc. ^(a)		5,034,366
	131,024	Crispr Therapeutics AG ADR (Switzerland) ^(a)		7,511,606
	216,844	Cytokinetics, Inc. ^(a)		7,231,747
	412,605	Dynavax Technologies Corp. ^(a)		5,772,344
	555,605	Editas Medicine, Inc. ^(a)		4,878,212
	91,419	Exact Sciences Corp. ^(a)		8,917,009
	418,018	Exelixis, Inc. ^(a)		8,239,135
	922,837	Fate Therapeutics, Inc. ^(a)		3,811,317
	80,985	Horizon Therapeutics PLC ADR (Ireland) ^(a)		8,120,366
	120,773	IDEAYA Biosciences, Inc. ^(a)		2,700,484
	127,816	Inhibrx, Inc. ^(a)		2,562,711
	190,927	Kura Oncology, Inc. ^(a)		1,993,278
	207,223	Kymera Therapeutics, Inc. ^(a)		4,534,039
	314,228	Lyell Immunopharma, Inc. ^(a)(b)		908,119
	65,028	Moderna, Inc. ^(a)		7,651,194
	110,649	Nurix Therapeutics, Inc. ^(a)		1,074,402
	309,508	Recursion Pharmaceuticals, Inc. ^(a)		4,370,253
	313,920	Revolution Medicines, Inc. ^(a)		8,240,400
	158,706	Vaxcyte, Inc. ^(a)		7,627,410
	231,836	Verve Therapeutics, Inc. ^(a)(b)		4,750,320
	301,323	Vir Biotechnology, Inc. ^(a)		4,242,628

				142,489,257

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.6%
	170,681	Cerevel Therapeutics Holdings, Inc. ^(a)		5,221,132
	598,771	EQRx, Inc. ^(a)		1,023,898
	243,048	Immunovant Inc. ^(a)		5,548,786
	189,078	POINT Biopharma Global Inc. ^(a)		1,690,357
	620,131	Scilex Holding Co. ^(a)		3,392,117

				16,876,290

	Support Activities for Transportation - 0.7%
	1,017,266	Iovance Biotherapeutics, Inc. ^(a)		7,385,351

		TOTAL COMMON STOCKS (Cost $704,154,678)	$	728,465,997

	SHORT TERM INVESTMENTS - 26.5%
	Money Market Funds - 26.5%
	180,703,006	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	180,703,006
	20,792,404	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(c)		20,792,404
	13,290,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(c)		13,290,000
	62,830,707	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		62,830,707

		TOTAL SHORT TERM INVESTMENTS (Cost $277,616,117)	$	277,616,117

		TOTAL INVESTMENTS (Cost $981,770,795) - 96.1% ^(e)	$	1,006,082,114
		Other Assets in Excess of Liabilities - 3.9%		40,150,886

		TOTAL NET ASSETS - 100.0%	$	1,046,233,000

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 July 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 $763,353,251.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.8100 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		48,000	$	301,269,600	$	3,084,703
Total return of S&P Biotechnology Select Industry Index	5.8100 % representing 1 month SOFR rate + spread	Goldman Sachs	12/7/2023		51,643		328,119,697		3,541,321
Total return of S&P Biotechnology Select Industry Index	5.7600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		74,212		433,227,547		45,061,926
Total return of S&P Biotechnology Select Industry Index	5.5600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		27,843		167,388,826		11,958,948
Total return of S&P Biotechnology Select Industry Index	5.8000 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		58,146		369,153,054		6,810,214
Total return of S&P Biotechnology Select Industry Index	5.8500 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		53,216		335,081,677		9,515,169
Total return of S&P Biotechnology Select Industry Index	6.2600 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		55,228		348,658,054		6,711,451

						$	2,282,898,455	$	86,683,732

Direxion Daily S&P Biotech Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 105.8%
	Money Market Funds - 105.8%
	21,415,643	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	21,415,643
	7,941,838	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		7,941,838
	8,820,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		8,820,000
	47,974,445	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		47,974,445

		TOTAL SHORT TERM INVESTMENTS (Cost $86,151,926) ^(b)	$	86,151,926

		TOTAL INVESTMENTS (Cost $86,151,926) - 105.8%	$	86,151,926
		Liabilities in Excess of Other Assets - (5.8)%		(4,724,591	)

		TOTAL NET ASSETS - 100.0%	$	81,427,335

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 July 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 $71,086,743.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.5100 % representing 1 month SOFR rate + spread	Total return of S&P Biotechnology Select Industry Index	Goldman Sachs	12/7/2023		5,989	$	39,726,717	$	712,156
5.5600 % representing 1 month SOFR rate + spread	Total return of S&P Biotechnology Select Industry Index	Bank of America Merrill Lynch	12/8/2023		6,049		35,079,163		(3,945,831	)
5.1600 % representing 1 month SOFR rate + spread	Total return of S&P Biotechnology Select Industry Index	J.P. Morgan	12/12/2023		6,663		43,519,716		598,255
5.4200 % representing 1 month SOFR rate + spread	Total return of S&P Biotechnology Select Industry Index	UBS Securities LLC	12/13/2023		6,070		42,303,827		3,232,844
5.5800 % representing 1 month SOFR rate + spread	Total return of S&P Biotechnology Select Industry Index	Citibank N.A.	12/19/2023		5,777		39,132,899		1,584,109
5.5600 % representing 1 month SOFR rate + spread	Total return of S&P Biotechnology Select Industry Index	Barclays	12/20/2023		6,780		47,416,207		4,345,339

						$	247,178,529	$	6,526,872

Direxion Daily Semiconductor Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 72.5%
	Computer and Electronic Product Manufacturing - 58.9%
	3,350,355	Advanced Micro Devices, Inc. ^(a)	$	383,280,612
	1,114,044	Analog Devices, Inc.		222,285,199
	490,968	Broadcom, Inc.		441,208,393
	9,894,226	Intel Corp.		353,916,464
	824,803	Lattice Semiconductor Corp. ^(a)		75,007,585
	3,385,210	Marvell Technology, Inc.		220,478,727
	2,631,536	Microchip Technology, Inc.		247,206,492
	2,903,035	Micron Technology, Inc.		207,247,669
	363,157	MKS Instruments, Inc.		39,645,850
	271,683	Monolithic Power Systems, Inc.		152,003,922
	1,047,074	NVIDIA Corp.		489,287,209
	1,105,232	NXP Semiconductors NV ADR (Netherlands)		246,444,631
	2,368,706	ON Semiconductor Corp. ^(a)		255,228,072
	595,445	Qorvo, Inc. ^(a)		65,510,859
	1,745,588	Qualcomm, Inc.		230,714,366
	962,831	Skyworks Solutions, Inc.		110,118,981
	1,598,809	STMicroelectronics NV ADR (Netherlands)		85,824,067
	1,825,555	Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) ADR		181,003,778
	936,725	Teradyne, Inc.		105,793,722
	1,789,287	Texas Instruments, Inc.		322,071,660
	4,391,649	United Microelectronics Corp. ADR (Taiwan) ^(b)		32,981,284
	749,376	Wolfspeed, Inc. ^(a)		49,383,878

				4,516,643,420

	Credit Intermediation and Related Activities - 0.4%
	3,839,857	ASE Technology Holding Co., Ltd. ADR (Taiwan)		30,834,052

	Electrical Equipment, Appliance, and Component Manufacturing - 0.3%
	236,809	Synaptics, Inc. ^(a)		21,386,221

	Machinery Manufacturing - 8.2%
	1,485,691	Applied Materials, Inc.		225,215,899
	248,191	ASML Holding NV ADR (Netherlands)		177,806,514
	321,014	Lam Research Corp.		230,645,349

				633,667,762

	Merchant Wholesalers, Durable Goods - 4.3%
	901,870	Entegris, Inc.		98,944,158
	447,293	KLA-Tencor Corp.		229,886,237

				328,830,395

	Primary Metal Manufacturing - 0.4%
	188,893	Silicon Laboratories, Inc. ^(a)		28,171,502

		TOTAL COMMON STOCKS (Cost $4,459,492,455)	$	5,559,533,352

	SHORT TERM INVESTMENTS - 25.3%
	Money Market Funds - 25.3%
	542,866,572	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	542,866,572
	1,394,600,000	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(c)		1,394,600,000
	523,497	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		523,497
	4,000,000	JPMorgan 100% U.S. Treasury Securities Money Market Fund Institutional Shares, 5.12% ^(c)		4,000,000

		TOTAL SHORT TERM INVESTMENTS (Cost $1,941,990,069)	$	1,941,990,069

		TOTAL INVESTMENTS (Cost $6,401,482,524) - 97.8% ^(e)	$	7,501,523,421
		Other Assets in Excess of Liabilities - 2.2%		172,253,820

		TOTAL NET ASSETS - 100.0%	$	7,673,777,241

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 July 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 $2,885,492,002.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	6.2000% representing 1 month SOFR rate + spread	BNP Paribas	12/4/2023		1,981,053	$	1,649,959,612	$	138,649,835
Total return of ICE Semiconductor Index	6.1600% representing 1 month SOFR rate + spread	Goldman Sachs	12/7/2023		4,136,421		3,513,152,664		231,032,884
Total return of ICE Semiconductor Index	5.9100% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		2,510,318		1,731,820,347		515,793,147
Total return of ICE Semiconductor Index	5.6100% representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		2,030,363		1,417,262,716		409,666,000
Total return of ICE Semiconductor Index	6.1300% representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		2,094,185		1,871,684,687		29,289,539
Total return of ICE Semiconductor Index	6.0600% representing 1 month SOFR rate + spread	Société Generale	12/18/2023		200,000		172,627,369		8,403,050
Total return of ICE Semiconductor Index	6.0900% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		2,298,400		1,527,306,886		530,839,145
Total return of ICE Semiconductor Index	6.0900% representing 1 month SOFR rate + spread	Barclays	12/20/2023		3,957,477		3,359,840,044		220,189,787

						$	15,243,654,325	$	2,083,863,387

Direxion Daily Semiconductor Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 124.8%
	Money Market Funds - 124.8%
	561,089,517	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	561,089,517
	50,055,388	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		50,055,388
	116,913,245	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		116,913,245
	576,742,905	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		576,742,905

		TOTAL SHORT TERM INVESTMENTS (Cost $1,304,801,055) ^(b)	$	1,304,801,055

		TOTAL INVESTMENTS (Cost $1,304,801,055) - 124.8%	$	1,304,801,055
		Liabilities in Excess of Other Assets - (24.8)%		(259,175,457	)

		TOTAL NET ASSETS - 100.0%	$	1,045,625,598

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 July 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 $953,266,943.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3500% representing 1 month SOFR rate + spread	Total return of ICE Semiconductor Index	BNP Paribas	12/5/2023		379,756	$	298,180,231	$	(45,340,430	)
5.4600% representing 1 month SOFR rate + spread	Total return of ICE Semiconductor Index	Goldman Sachs	12/7/2023		235,222		209,833,341		(3,467,164	)
5.7100% representing 1 month SOFR rate + spread	Total return of ICE Semiconductor Index	Bank of America Merrill Lynch	12/8/2023		560,628		454,537,242		(52,907,356	)
5.1600% representing 1 month SOFR rate + spread	Total return of ICE Semiconductor Index	J.P. Morgan	12/12/2023		457,587		318,413,598		(93,225,027	)
5.7200% representing 1 month SOFR rate + spread	Total return of ICE Semiconductor Index	UBS Securities LLC	12/13/2023		515,232		451,152,232		(16,000,234	)
5.8400% representing 1 month SOFR rate + spread	Total return of ICE Semiconductor Index	Citibank N.A.	12/19/2023		697,631		541,649,067		(87,495,428	)
5.6400% representing 1 month SOFR rate + spread	Total return of ICE Semiconductor Index	Barclays	12/20/2023		604,552		533,162,972		(15,035,443	)

						$	2,806,928,683	$	(313,471,082	)

Direxion Daily Technology Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 71.5%
	Administrative and Support Services - 0.2%
	18,136	Gartner, Inc. ^(a)	$	6,412,708

	Computer and Electronic Product Manufacturing - 38.5%
	369,458	Advanced Micro Devices, Inc. ^(a)		42,265,995
	136,580	Amphenol Corp. Class A		12,061,380
	116,059	Analog Devices, Inc.		23,157,252
	2,300,075	Apple, Inc.		451,849,734
	57,293	Arista Networks, Inc. ^(a)		8,885,571
	95,661	Broadcom, Inc.		85,965,758
	939,680	Cisco Systems, Inc.		48,900,947
	31,441	Enphase Energy, Inc. ^(a)		4,773,687
	149,524	Fortinet, Inc. ^(a)		11,621,005
	198,885	HP, Inc.		6,529,395
	956,929	Intel Corp.		34,229,350
	208,320	International Business Machines Corp.		30,035,578
	40,869	Keysight Technologies, Inc. ^(a)		6,583,179
	125,678	Microchip Technology, Inc.		11,806,191
	251,078	Micron Technology, Inc.		17,924,458
	10,335	Monolithic Power Systems, Inc.		5,782,329
	38,482	Motorola Solutions, Inc.		11,030,096
	49,074	NetApp, Inc.		3,828,263
	210,050	NVIDIA Corp.		98,154,264
	59,593	NXP Semiconductors NV ADR (Netherlands)		13,288,047
	99,078	ON Semiconductor Corp. ^(a)		10,675,655
	22,921	Qorvo, Inc. ^(a)		2,521,768
	255,576	Qualcomm, Inc.		33,779,480
	24,455	Roper Technologies, Inc.		12,057,538
	44,181	Seagate Technology Holdings PLC ADR (Ireland)		2,805,494
	36,511	Skyworks Solutions, Inc.		4,175,763
	12,929	SolarEdge Technologies, Inc. ^(a)		3,121,836
	35,574	Teradyne, Inc.		4,017,728
	208,238	Texas Instruments, Inc.		37,482,840
	56,839	Trimble, Inc. ^(a)		3,057,938
	73,402	Western Digital Corp. ^(a)		3,123,989
	11,797	Zebra Technologies Corp. Class A ^(a)		3,633,004

				1,049,125,512

	Electrical Equipment, Appliance, and Component Manufacturing - 0.4%
	72,292	TE Connectivity Ltd. ADR (Switzerland)		10,373,179

	Machinery Manufacturing - 1.9%
	193,889	Applied Materials, Inc.		29,391,634
	30,813	Lam Research Corp.		22,138,832

				51,530,466

	Merchant Wholesalers, Durable Goods - 0.6%
	31,473	KLA-Tencor Corp.		16,175,548

	Nonmetallic Mineral Product Manufacturing - 0.2%
	175,537	Corning, Inc.		5,957,726

	Professional, Scientific, and Technical Services - 6.0%
	144,888	Accenture PLC Class A ADR (Ireland)		45,835,319
	30,927	CDW Corp.		5,785,514
	116,426	Cognizant Technology Solutions Corp. Class A		7,687,609
	52,235	DXC Technology Co. ^(a)		1,444,298
	13,286	EPAM Systems, Inc. ^(a)		3,146,257
	13,872	F5 Networks, Inc. ^(a)		2,195,105
	73,778	Juniper Networks, Inc.		2,051,028
	353,052	Oracle Corp.		41,388,286
	69,425	Palto Alto Networks, Inc. ^(a)		17,353,473
	46,738	ServiceNow, Inc. ^(a)		27,248,254
	10,794	Teledyne Technologies, Inc. ^(a)		4,150,617
	20,784	VeriSign, Inc. ^(a)		4,384,385

				162,670,145

	Publishing Industries - 23.5%
	105,242	Adobe Systems, Inc. ^(a)		57,480,023
	34,918	Akamai Technologies, Inc. ^(a)		3,299,751
	19,876	Ansys, Inc. ^(a)		6,799,579
	49,134	Autodesk, Inc. ^(a)		10,415,917
	62,560	Cadence Design Systems, Inc. ^(a)		14,639,666
	5,739	Fair Isaac Corp. ^(a)		4,809,110
	297,306	Hewlett Packard Enterprise Co.		5,167,178
	64,360	Intuit, Inc.		32,933,012
	1,273,670	Microsoft Corp.		427,851,226
	130,500	NortonLifeLock, Inc.		2,538,225
	24,437	PTC, Inc. ^(a)		3,563,159
	224,611	Salesforce.com, Inc. ^(a)		50,539,721
	34,942	Synopsys, Inc. ^(a)		15,786,796
	9,616	Tyler Technologies, Inc. ^(a)		3,813,994

				639,637,357

	Utilities - 0.2%
	22,792	First Solar, Inc. ^(a)		4,727,061

		TOTAL COMMON STOCKS (Cost $1,585,137,798)	$	1,946,609,702

	SHORT TERM INVESTMENTS - 25.4%
	Money Market Funds - 25.4%
	185,108,034	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	185,108,034
	145,437,994	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		145,437,994
	58,872,445	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		58,872,445
	302,962,976	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		302,962,976

		TOTAL SHORT TERM INVESTMENTS (Cost $692,381,449)	$	692,381,449

		TOTAL INVESTMENTS (Cost $2,277,519,247) - 96.9% ^(c)	$	2,638,991,151
		Other Assets in Excess of Liabilities - 3.1%		84,629,277

		TOTAL NET ASSETS - 100.0%	$	2,723,620,428

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 July 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 $1,602,456,586.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Technology Select Sector Index	5.8100 % representing 1 month SOFR rate + spread	Goldman Sachs		12/7/2023		522,972	$	937,644,511	$	(15,848,583	)
Total return of Technology Select Sector Index	5.9100 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/8/2023		656,787		1,085,886,713		85,071,432
Total return of Technology Select Sector Index	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan		12/12/2023		290,000		519,914,900		(7,131,574	)
Total return of Technology Select Sector Index	5.9900 % representing 1 month SOFR rate + spread	UBS Securities LLC		12/13/2023		450,000		654,961,459		140,748,977
Total return of Technology Select Sector Index	6.1100 % representing 1 month SOFR rate + spread	Societe Generale		12/18/2023		100,000		179,951,584		(636,849	)
Total return of Technology Select Sector Index	6.0500 % representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2023		508,801		777,844,192		124,700,292
Total return of Technology Select Sector Index	5.9000 % representing 1 month SOFR rate + spread	Barclays		12/20/2023		491,041		880,343,215		(10,992,789	)
Total return of Technology Select Sector Index	6.1000 % representing 1 month SOFR rate + spread	BNP Paribas		12/25/2023		445,714		799,080,516		(12,165,163	)

							$	5,835,627,090	$	303,745,743

Direxion Daily Technology Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 148.7%
	Money Market Funds - 148.7%
	90,199,126	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	90,199,126
	22,831,982	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		22,831,982
	23,002,088	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		23,002,088
	31,081,469	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		31,081,469

		TOTAL SHORT TERM INVESTMENTS (Cost $167,114,665) ^(b)	$	167,114,665

		TOTAL INVESTMENTS (Cost $167,114,665) - 148.7%	$	167,114,665
		Liabilities in Excess of Other Assets - (48.7)%		(54,713,164	)

		TOTAL NET ASSETS - 100.0%	$	112,401,501

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 July 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 $99,983,224.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3500% representing 1 month SOFR rate + spread	Total return of Technology Select Sector Index	BNP Paribas	12/5/2023		21,298	$	32,013,617	$	(5,821,232	)
5.5100% representing 1 month SOFR rate + spread	Total return of Technology Select Sector Index	Goldman Sachs	12/7/2023		13,142		18,758,913		(3,877,442	)
5.7100% representing 1 month SOFR rate + spread	Total return of Technology Select Sector Index	Bank of America Merrill Lynch	12/8/2023		56,219		99,906,184		(946,605	)
5.3100% representing 1 month SOFR rate + spread	Total return of Technology Select Sector Index	J.P. Morgan	12/12/2023		12,210		17,076,420		(4,582,841	)
5.7000% representing 1 month SOFR rate + spread	Total return of Technology Select Sector Index	UBS Securities LLC	12/13/2023		17,012		26,436,281		(3,826,788	)
5.7400% representing 1 month SOFR rate + spread	Total return of Technology Select Sector Index	Citibank N.A.	12/19/2023		27,855		47,711,090		(2,110,082	)
5.5400% representing 1 month SOFR rate + spread	Total return of Technology Select Sector Index	Barclays	12/20/2023		40,000		62,535,172		(8,767,680	)

						$	304,437,677	$	(29,932,670	)

Direxion Daily Transportation Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 74.8%
	Administrative and Support Services - 1.2%
	4,959	GXO Logistics, Inc. ^(a)	$	332,600
	4,874	RXO, Inc. ^(a)		107,472

				440,072

	Air Transportation - 11.1%
	5,332	Alaska Air Group, Inc. ^(a)		259,295
	653	Allegiant Travel Co. ^(a)		80,776
	27,219	American Airlines Group, Inc. ^(a)		455,918
	26,795	Delta Air Lines, Inc.		1,239,537
	1,549	Frontier Group Holdings, Inc. ^(a)		14,406
	2,149	Hawaiian Holdings, Inc. ^(a)		24,907
	13,670	JetBlue Airways Corp. ^(a)		106,216
	1,852	Skywest, Inc. ^(a)		81,469
	24,810	Southwest Airlines Co.		847,510
	4,551	Spirit Airlines, Inc.		83,283
	13,674	United Continental Holdings, Inc. ^(a)		742,635

				3,935,952

	Couriers and Messengers - 15.7%
	2,327	Air Transport Services Group, Inc. ^(a)		46,912
	4,628	FedEx Corp.		1,249,329
	22,975	United Parcel Service, Inc. Class B		4,299,312

				5,595,553

	Management of Companies and Enterprises - 0.2%
	1,524	Sun Country Airlines Holdings, Inc. ^(a)		32,857
	409	U-Haul Holding Co.		24,892

				57,749

	Rail Transportation - 15.6%
	31,907	CSX Corp.		1,063,141
	19,326	Union Pacific Corp.		4,484,019

				5,547,160

	Rental and Leasing Services - 1.5%
	995	Avis Budget Group ^(a)		219,188
	6,571	Hertz Global Holdings, Inc. ^(a)		110,721
	1,937	Ryder System, Inc.		197,865

				527,774

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.4%
	14,352	Joby Aviation, Inc. ^(a)(b)		128,450

	Support Activities for Transportation - 10.8%
	4,855	C.H. Robinson Worldwide, Inc.		486,374
	6,370	Expeditors International of Washington, Inc.		810,901
	1,083	Forward Air Corp.		128,704
	1,367	Hub Group, Inc. ^(a)		123,208
	3,458	J.B. Hunt Transport Services, Inc.		705,224
	1,495	Matson, Inc.		139,723
	4,764	Norfolk Southern Corp.		1,112,823
	4,830	XPO Logistics, Inc. ^(a)		334,429

				3,841,386

	Transit and Ground Passenger Transportation - 9.4%
	13,710	Lyft, Inc. ^(a)		174,254
	64,154	Uber Technologies, Inc. ^(a)		3,173,057

				3,347,311

	Truck Transportation - 7.4%
	999	ArcBest Corp.		116,204
	1,942	Heartland Express, Inc.		31,752
	6,713	Knight-Swift Transportation Holdings, Inc. Class A		407,815
	2,404	Marten Transport Ltd.		54,474
	3,288	Old Dominion Freight Line, Inc.		1,379,283
	1,107	Saia, Inc. ^(a)		468,416
	1,552	Schneider National, Inc.		47,817
	2,457	Werner Enterprises, Inc.		115,528

				2,621,289

	Warehousing and Storage - 0.8%
	1,498	Landstar System, Inc.		304,978

	Water Transportation - 0.7%
	399	Eagle Bulk Shipping, Inc. ADR ^(b)		18,430
	1,560	Genco Shipping & Trading, Ltd. ADR		22,620
	2,501	Kirby Corp. ^(a)		203,781

				244,831

		TOTAL COMMON STOCKS (Cost $23,878,332)	$	26,592,505

	SHORT TERM INVESTMENTS - 24.8%
	Money Market Funds - 24.8%
	5,219,482	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(c)(d)	$	5,219,482
	3,612,862	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(c)		3,612,862

		TOTAL SHORT TERM INVESTMENTS (Cost $8,832,344)	$	8,832,344

		TOTAL INVESTMENTS (Cost $32,710,676) - 99.6% ^(e)	$	35,424,849
		Other Assets in Excess of Liabilities - 0.4%		123,310

		TOTAL NET ASSETS - 100.0%	$	35,548,159

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 July 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 $22,379,777.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 S&P Transportation Select Industry FMC Capped Index	5.9500 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		4,567	$	25,770,607	$	1,839,605
Total return of S&P Transportation Select Industry FMC Capped Index	5.9100 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		8,608		51,640,056		(23,408	)

						$	77,410,663	$	1,816,197

Direxion Daily Utilities Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	COMMON STOCKS - 81.2%
	Oil and Gas Extraction - 3.7%
	20,385	Dominion Energy, Inc.	$	1,091,616

	Utilities - 77.5%
	16,321	AES Corp.		353,023
	6,131	Alliant Energy Corp.		329,480
	6,405	Ameren Corp.		548,716
	12,553	American Electric Power Co., Inc.		1,063,741
	4,746	American Water Works Co., Inc.		699,703
	3,524	Atmos Energy Corp.		428,906
	15,388	CenterPoint Energy, Inc.		463,025
	7,112	CMS Energy Corp.		434,330
	8,450	Consolidated Edison, Inc.		801,567
	7,911	Constellation Energy Corp.		764,598
	5,026	DTE Energy Co.		574,472
	18,792	Duke Energy Corp.		1,759,307
	9,339	Edison International		672,034
	5,155	Entergy Corp.		529,419
	5,600	Evergy, Inc.		335,832
	8,507	Eversource Energy		615,311
	24,253	Exelon Corp.		1,015,231
	13,270	FirstEnergy Corp.		522,705
	49,342	NextEra Energy, Inc.		3,616,769
	10,073	NiSource, Inc.		280,432
	5,615	NRG Energy, Inc.		213,314
	39,421	PG&E Corp. ^(a)		694,204
	2,762	Pinnacle West Capital Corp.		228,749
	17,973	PPL Corp.		494,797
	12,168	Public Service Enterprise Group, Inc.		768,044
	7,673	Sempra Energy		1,143,430
	26,590	Southern Co.		1,923,521
	7,693	WEC Energy Group, Inc.		691,293
	13,421	Xcel Energy, Inc.		841,899

				22,807,852

		TOTAL COMMON STOCKS (Cost $23,984,968)	$	23,899,468

	SHORT TERM INVESTMENTS - 18.9%
	Money Market Funds - 18.9%
	3,570,497	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	3,570,497
	1,234,870	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		1,234,870
	769,000	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		769,000

		TOTAL SHORT TERM INVESTMENTS (Cost $5,574,367)	$	5,574,367

		TOTAL INVESTMENTS (Cost $29,559,335) - 100.1% ^(c)	$	29,473,835
		Liabilities in Excess of Other Assets - (0.1)%		(37,511	)

		TOTAL NET ASSETS - 100.0%	$	29,436,324

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 July 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 $17,051,878.

Long Total Return Swap Contracts (Unaudited)

July 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 Utilities Select Sector Index	5.7600 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		11,288	$	7,784,573	$	(167,231	)
Total return of Utilities Select Sector Index	5.7100 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		66,115		43,615,899		964,326
Total return of Utilities Select Sector Index	5.8600 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		17,438		11,646,224		100,541

						$	63,046,696	$	897,636

Direxion Daily 7-10 Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 74.0%
	305,390	iShares 7-10 Year Treasury Bond ETF ^(a)	$	29,238,039

		TOTAL INVESTMENT COMPANIES (Cost $29,727,521)	$	29,238,039

	SHORT TERM INVESTMENTS - 30.9%
	Money Market Funds - 30.9%
	11,380,713	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	11,380,713
	67	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(b)		67
	820,741	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		820,741

		TOTAL SHORT TERM INVESTMENTS (Cost $12,201,521)	$	12,201,521

		TOTAL INVESTMENTS (Cost $41,929,042) - 104.9% ^(c)	$	41,439,560
		Liabilities in Excess of Other Assets - (4.9)%		(1,934,493	)

		TOTAL NET ASSETS - 100.0%	$	39,505,067

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 July 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 $32,735,257.

Long Total Return Swap Contracts (Unaudited)

July 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 7-10 Year Treasury Bond ETF	4.7200 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		467,628	$	45,254,226	$	(760,424	)
Total return of iShares 7-10 Year Treasury Bond ETF	5.7600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		211,703		20,885,037		(940,607	)
Total return of iShares 7-10 Year Treasury Bond ETF	5.5100 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		95,798		9,218,740		(150,379	)
Total return of iShares 7-10 Year Treasury Bond ETF	5.6100 % representing 1 month SOFR rate + spread	Barclays	12/20/2023		157,381		15,159,327		(128,342	)

						$	90,517,330	$	(1,979,752	)

Direxion Daily 7-10 Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 100.3%
	Money Market Funds - 100.3%
	12,805,842	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	12,805,842
	1,100,066	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% ^(a)		1,100,066
	9,645,774	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		9,645,774

		TOTAL SHORT TERM INVESTMENTS (Cost $23,551,682) ^(b)	$	23,551,682

		TOTAL INVESTMENTS (Cost $23,551,682) - 100.3%	$	23,551,682
		Liabilities in Excess of Other Assets - (0.3)%		(77,647	)

		TOTAL NET ASSETS - 100.0%	$	23,474,035

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 July 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 $14,352,260.

Short Total Return Swap Contracts (Unaudited)

July 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
4.4200 % representing 1 month SOFR rate + spread	Total return of iShares 7-10 Year Treasury Bond ETF	BNP Paribas	12/5/2023		187,680	$	18,510,984	$	680,391
4.3600 % representing 1 month SOFR rate + spread	Total return of iShares 7-10 Year Treasury Bond ETF	J.P. Morgan	12/12/2023		502,369		49,495,381		1,685,238
5.2200 % representing 1 month SOFR rate + spread	Total return of iShares 7-10 Year Treasury Bond ETF	Barclays	12/20/2023		45,508		4,413,204		95,740

						$	72,419,569	$	2,461,369

Direxion Daily 20+ Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	INVESTMENT COMPANIES - 64.7%
	16,033,765	iShares 20+ Year Treasury Bond ETF ^(a)	$	1,604,178,189

		TOTAL INVESTMENT COMPANIES (Cost $1,631,020,405)	$	1,604,178,189

	SHORT TERM INVESTMENTS - 41.4%
	Money Market Funds - 41.4%
	503,562,385	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(b)	$	503,562,385
	155,004,921	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(b)		155,004,921
	367,765,292	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(b)		367,765,292

		TOTAL SHORT TERM INVESTMENTS (Cost $1,026,332,598)	$	1,026,332,598

		TOTAL INVESTMENTS (Cost $2,657,353,003) - 106.1% ^(c)	$	2,630,510,787
		Liabilities in Excess of Other Assets - (6.1)%		(149,543,754	)

		TOTAL NET ASSETS - 100.0%	$	2,480,967,033

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 July 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 $1,865,827,904.

Long Total Return Swap Contracts (Unaudited)

July 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 20+ Year Treasury Bond ETF	5.6200 % representing 1 month SOFR rate + spread	BNP Paribas	12/5/2023		10,756,678	$	1,097,192,413	$	(27,318,980	)
Total return of iShares 20+ Year Treasury Bond ETF	5.5100 % representing 1 month SOFR rate + spread	Goldman Sachs	12/7/2023		10,324,112		1,045,220,744		(17,134,735	)
Total return of iShares 20+ Year Treasury Bond ETF	5.7600 % representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/8/2023		10,395,737		1,060,176,438		(24,607,222	)
Total return of iShares 20+ Year Treasury Bond ETF	5.6100 % representing 1 month SOFR rate + spread	J.P. Morgan	12/12/2023		6,593,598		690,674,781		(38,015,041	)
Total return of iShares 20+ Year Treasury Bond ETF	5.8300 % representing 1 month SOFR rate + spread	UBS Securities LLC	12/13/2023		7,687,675		789,361,820		(26,628,155	)
Total return of iShares 20+ Year Treasury Bond ETF	5.7500 % representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2023		12,599,925		1,281,187,742		(27,021,104	)

						$	5,963,813,938	$	(160,725,237	)

Direxion Daily 20+ Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2023


Shares			Fair Value
	SHORT TERM INVESTMENTS - 107.2%
	Money Market Funds - 107.2%
	190,687,629	Dreyfus Government Cash Management Institutional Shares, 5.20% ^(a)	$	190,687,629
	32,402,600	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.16% ^(a)		32,402,600
	96,749,163	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.10% ^(a)		96,749,163

		TOTAL SHORT TERM INVESTMENTS (Cost $319,839,392) ^(b)	$	319,839,392

		TOTAL INVESTMENTS (Cost $319,839,392) - 107.2%	$	319,839,392
		Liabilities in Excess of Other Assets - (7.2)%		(21,492,817	)

		TOTAL NET ASSETS - 100.0%	$	298,346,575

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 July 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 $183,298,612.

Short Total Return Swap Contracts (Unaudited)

July 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
5.4000 % representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	BNP Paribas		12/5/2023		489,612	$	53,034,772	$	5,266,003
5.3100 % representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	Goldman Sachs		12/7/2023		1,563,598		161,972,782		6,452,775
5.4600 % representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	Bank of America Merrill Lynch		12/8/2023		1,805,307		188,340,620		8,833,398
5.1100 % representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	J.P. Morgan		12/12/2023		620,884		66,026,599		4,494,934
5.4100 % representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	UBS Securities LLC		12/13/2023		2,887,759		286,744,539		256,932
5.4400 % representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	Citibank N.A.		12/19/2023		1,578,737		164,537,062		7,648,504

							$	920,656,374	$	32,952,546

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 July 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)	$	—	$	—	$	287,444,565		—	$	5,486,405	$	—	$	(4,597,946	)	$	—
Direxion HCM Tactical Enhanced US ETF		—		143,275,547		34,941,713		—		—	$	7,821,969		—			—
Direxion Hydrogen ETF		—		33,264,516		6,921,251		—		—		—		—			—
Direxion Moonshot Innovators ETF		—		40,228,433		8,292,461		—		—		—		—			—
Direxion NASDAQ-100^® Equal Weighted Index Shares		—		870,335,382		23,534,243		—		—		—		—			—
Direxion Work From Home ETF		—		33,869,076		210,576		—		—		—		—			—
Direxion Daily S&P 500^® Bear 1X Shares		—		—		245,605,864		—		—		—		—			(3,044,861	)
Direxion Daily AAPL Bear 1X Shares		—		—		30,980,627		—		—		—		—			(3,197,620	)
Direxion Daily AMZN Bear 1X Shares		—		—		5,417,681		—		—		—		—			(787,338	)
Direxion Daily GOOGL Bear 1X Shares		—		—		3,602,086		—		—		—		—			(369,958	)
Direxion Daily MSFT Bear 1X Shares		—		—		9,204,981		—		—		6,969		—			(439,449	)
Direxion Daily TSLA Bear 1X Shares		—		—		46,261,655		—		—		—		—			(4,441,527	)
Direxion Daily AAPL Bull 1.5X Shares		—		6,259,879		33,227,206		—		—		630,800		—			(330,832	)
Direxion Daily AMZN Bull 1.5X Shares		—		2,975,717		34,867,509		—		—		4,291,698		—			—
Direxion Daily GOOGL Bull 1.5X Shares		—		5,233,813		26,456,732		—		—		977,810		—			(326,240	)
Direxion Daily MSFT Bull 1.5X Shares		—		7,213,210		40,032,603		—		—		2,163,656		—			(1,238,592	)
Direxion Daily TSLA Bull 1.5X Shares		—		158,296,631		860,168,374		—		—		69,057,624		—			(47,660,029	)
Direxion Daily CSI 300 China A Share Bull 2X Shares		37,794,547		—		34,289,952		—		—		1,250,449		—			(850,850	)
Direxion Daily CSI China Internet Index Bull 2X Shares		217,206,073		—		240,197,472		—		—		51,587,487		—			—
Direxion Daily S&P 500^® Bull 2X Shares		—		263,868,415		28,282,626		—		—		30,570,636		—			—
Direxion Daily MSCI Brazil Bull 2X Shares		47,138,505		—		86,032,715		—		—		37,135,785		—			—
Direxion Daily MSCI India Bull 2X Shares		28,203,365		—		35,934,059		—		—		3,675,993		—			—
Direxion Daily Cloud Computing Bull 2X Shares		—		7,198,960		1,572,967		—		—		1,256,487		—			—
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares		—		10,525,784		2,858,807		—		—		209,353		—			—
Direxion Daily Energy Bull 2X Shares		—		294,028,765		122,028,850		—		—		32,713,195		—			—
Direxion Daily Energy Bear 2X Shares		—		—		24,250,565		—		—		—		—			(1,014,204	)
Direxion Daily Global Clean Energy Bull 2X Shares		3,709,926		—		987,366		—		—		—		—			(227,605	)
Direxion Daily Gold Miners Index Bull 2X Shares		251,452,849		—		231,533,395		—		—		33,775,946		—			—
Direxion Daily Gold Miners Index Bear 2X Shares		—		—		158,760,975		—		—		14,097,616		—			—
Direxion Daily Junior Gold Miners Index Bull 2X Shares		113,843,958		—		165,011,544		—		—		15,868,727		—			—
Direxion Daily Junior Gold Miners Index Bear 2X Shares		—		—		109,864,063		—		—		11,317,152		—			—
Direxion Daily NYSE FANG+ Bull 2X Shares		—		8,959,810		19,797,028		—		—		480,626		—			(222,281	)
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares		24,646,845		—		15,672,422		—		—		7,909,897		—			—
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares		—		333,354,046		332,457,799		—		—		89,451,385		—			—
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares		—		—		85,556,863		—		—		—		—			(8,055,614	)
Direxion Daily Travel & Vacation Bull 2X Shares		—		15,929,682		5,373,911		—		—		1,257,663		—			—
Direxion Daily Mid Cap Bull 3X Shares		46,337,692		—		25,155,999		—		—		10,602,105		—			—
Direxion Daily S&P 500^® Bull 3X Shares		—		2,556,036,475		1,317,963,438		—		—		705,555,311		—			—
Direxion Daily S&P 500^® Bear 3X Shares		—		—		779,565,058		—		—		—		—			(41,886,661	)
Direxion Daily Small Cap Bull 3X Shares		902,454,977		—		499,147,996		—		—		312,727,604		—			—
Direxion Daily Small Cap Bear 3X Shares		—		—		502,726,249		—		—		—		—			(43,378,197	)
Direxion Daily FTSE China Bull 3X Shares		519,714,931		—		303,604,527		—		—		139,942,754		—			—
Direxion Daily FTSE China Bear 3X Shares		—		—		143,632,117		—		—		2,036,823		—			(28,286,516	)
Direxion Daily FTSE Europe Bull 3X Shares		14,200,871		—		11,245,213		—		—		6,542,131		—			—
Direxion Daily MSCI Emerging Markets Bull 3X Shares		9,804,009		—		96,536,351		—		—		13,890,413		—			—
Direxion Daily MSCI Emerging Markets Bear 3X Shares		—		—		21,547,171		—		—		241,599		—			(3,048,459	)
Direxion Daily MSCI Mexico Bull 3X Shares		6,015,470		—		11,942,142		—		—		3,315,535		—			(307,812	)
Direxion Daily MSCI South Korea Bull 3X Shares		17,337,854		—		16,726,969		—		—		6,503,487		—			—
Direxion Daily Aerospace & Defense Bull 3X Shares		—		96,972,934		62,862,718		—		—		13,764,757		—			—
Direxion Daily Consumer Discretionary Bull 3X Shares		—		32,882,079		15,250,659		—		—		5,729,278		—			(386,339	)
Direxion Daily Dow Jones Internet Bull 3X Shares		—		134,189,549		54,082,148		—		—		53,644,469		—			—
Direxion Daily Dow Jones Internet Bear 3X Shares		—		—		41,190,807		—		—		—		—			(11,261,496	)
Direxion Daily Financial Bull 3X Shares		—		1,451,549,409		418,223,878		—		—		159,602,445		—			(1,012,582	)
Direxion Daily Financial Bear 3X Shares		—		—		158,098,176		—		—		2,676,846		—			(7,623,163	)
Direxion Daily Healthcare Bull 3X Shares		—		150,255,738		58,355,377		—		—		3,669,383		—			(9,238,308	)
Direxion Daily Homebuilders & Supplies Bull 3X Shares		—		105,513,626		126,337,045		—		—		86,762,700		—			(2,852,178	)
Direxion Daily Industrials Bull 3X Shares		—		20,165,658		10,593,318		—		—		5,367,308		—			—
Direxion Daily Pharmaceutical & Medical Bull 3X Shares		—		7,799,184		4,082,828		—		—		862,782		—			—
Direxion Daily Real Estate Bull 3X Shares		—		41,052,182		14,906,014		—		—		1,670,211		—			(1,500,357	)
Direxion Daily Real Estate Bear 3X Shares		—		—		130,075,656		—		—		8,009,211		—			(1,211,708	)
Direxion Daily Regional Banks Bull 3X Shares		—		442,140,123		263,282,728		—		—		241,101,455		—			—
Direxion Daily Retail Bull 3X Shares		—		45,716,404		23,075,210		—		—		11,540,929		—			—
Direxion Daily S&P 500^® High Beta Bull 3X Shares		—		59,425,706		23,411,037		—		—		17,656,407		—			—
Direxion Daily S&P 500^® High Beta Bear 3X Shares		—		—		54,965,196		—		—		—		—			(12,311,840	)
Direxion Daily S&P Biotech Bull 3X Shares		—		728,465,997		277,616,117		—		—		86,683,732		—			—
Direxion Daily S&P Biotech Bear 3X Shares		—		—		86,151,926		—		—		10,472,703		—			(3,945,831	)
Direxion Daily Semiconductor Bull 3X Shares		—		5,559,533,352		1,941,990,069		—		—		2,083,863,387		—			—
Direxion Daily Semiconductor Bear 3X Shares		—		—		1,304,801,055		—		—		—		—			(313,471,082	)
Direxion Daily Technology Bull 3X Shares		—		1,946,609,702		692,381,449		—		—		350,520,701		—			(46,774,958	)
Direxion Daily Technology Bear 3X Shares		—		—		167,114,665		—		—		—		—			(29,932,670	)
Direxion Daily Transportation Bull 3X Shares		—		26,592,505		8,832,344		—		—		1,839,605		—			(23,408	)
Direxion Daily Utilities Bull 3X Shares		—		23,899,468		5,574,367		—		—		1,064,867		—			(167,231	)
Direxion Daily 7-10 Year Treasury Bull 3X Shares		29,238,039		—		12,201,521		—		—		—		—			(1,979,752	)
Direxion Daily 7-10 Year Treasury Bear 3X Shares		—		—		23,551,682		—		—		2,461,369		—			—
Direxion Daily 20+ Year Treasury Bull 3X Shares		1,604,178,189		—		1,026,332,598		—		—		—		—			(160,725,237	)
Direxion Daily 20+ Year Treasury Bear 3X Shares		—		—		319,839,392		—		—		32,952,546		—			—