NPORT-EX 2 direxionetfssois_13124.htm PART F HTML

Direxion Auspice Broad Commodity Strategy ETF (Consolidated)

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

SHORT TERM INVESTMENTS - 97.4%

   

Money Market Funds - 97.4%

   
248,787,392   

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 248,787,392  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $248,787,392)

    $ 248,787,392  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $248,787,392) - 97.4%

    $ 248,787,392  
  

Other Assets in Excess of Liabilities - 2.6% (b)

      6,601,716  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 255,389,108  
     

 

 

  

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 Jan 31, 2024.

(b) 

$5,230,243 of cash is pledged as collateral for futures contracts.

Long Futures Contracts (Unaudited)

October 31, 2023

 

Reference Entity

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

Gold

      4/26/2024        205      $ 42,381,700      $ 338,250     $ 526,081  

NY Harbor ULSD

      3/28/2024        168        19,194,437        35,986       1,604,795  

Silver

      3/26/2024        204        23,632,380        (57,120 )      (1,406,325 ) 
        

 

 

     

 

 

    

 

 

  
         $ 85,208,517      $ 317,116     $ 724,551  
        

 

 

     

 

 

    

 

 

  

All futures contracts held by Direxion BCS Fund Ltd.

Direxion HCM Tactical Enhanced US ETF

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 81.3%

   

Accommodation - 0.5%

   

2,079

   

Airbnb, Inc. (a)

    $ 299,667  

1,032

   

Caesars Entertainment Inc. (a)

      45,274  

1,229

   

Hilton Worldwide Holdings, Inc.

      234,690  

3,375

   

Host Hotels & Resorts, Inc.

      64,867  

1,765

   

Las Vegas Sands Corp.

      86,344  

1,177

   

Marriott International, Inc. Class A

      282,162  

1,308

   

MGM Resorts International (a)

      56,728  
     

 

 

  
        1,069,732  
     

 

 

  

Administrative and Support Services - 2.0%

   

419

   

Allegion PLC ADR (Ireland)

      51,910  

6,912

   

Amcor PLC ADR (United Kingdom)

      65,180  

1,969

   

Automatic Data Processing, Inc.

      483,941  

164

   

Booking Holdings, Inc. (a)

      575,225  

565

   

Broadridge Financial Solutions, Inc.

      115,373  

591

   

Equifax, Inc.

      144,405  

185

   

FactSet Research System, Inc.

      88,045  

345

   

FleetCor Technologies, Inc. (a)

      100,026  

372

   

Gartner, Inc. (a)

      170,168  

1,396

   

Iron Mountain, Inc.

      94,258  

679

   

Live Nation Entertainment, Inc. (a)

      60,329  

752

   

Moody’s Corp.

      294,814  

504

   

Robert Half International, Inc.

      40,088  

1,343

   

Rollins, Inc.

      58,165  

1,126

   

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

      143,565  

7,622

   

Visa, Inc. Class A

      2,082,788  

1,752

   

Waste Management, Inc.

      325,224  
     

 

 

  
        4,893,504  
     

 

 

  

Air Transportation - 0.1%

   

3,125

   

American Airlines Group, Inc. (a)

      44,469  

3,078

   

Delta Air Lines, Inc.

      120,473  

2,849

   

Southwest Airlines Co.

      85,156  

1,568

   

United Continental Holdings, Inc. (a)

      64,884  
     

 

 

  
        314,982  
     

 

 

  

Ambulatory Health Care Services - 0.2%

   

259

   

DaVita, Inc. (a)

      28,013  

405

   

Laboratory Corp. of America Holdings

      90,032  

280

   

Molina Healthcare, Inc. (a)

      99,803  

540

   

Quest Diagnostics, Inc.

      69,352  

5,736

   

Viatris, Inc.

      67,513  
     

 

 

  
        354,713  
     

 

 

  

Amusement, Gambling, and Recreation Industries - 0.4%

   

1,248

   

Global Payments, Inc.

      166,271  

8,748

   

The Walt Disney Co.

      840,245  

457

   

Wynn Resorts Ltd.

      43,155  
     

 

 

  
        1,049,671  
     

 

 

  

Apparel Manufacturing - 0.1%

   

553

   

Lululemon Athletica, Inc. (a)

      250,963  

193

   

Ralph Lauren Corp.

      27,728  

1,583

   

VF Corp.

      26,056  
     

 

 

  
        304,747  
     

 

 

  

Beverage and Tobacco Product Manufacturing - 1.6%

   

8,455

   

Altria Group, Inc.

      339,215  

18,605

   

Coca-Cola Co.

      1,106,811  

771

   

Constellation Brands, Inc. Class A

      188,957  

4,815

   

Keurig Dr Pepper, Inc.

      151,384  

888

   

Molson Coors Brewing Co. Class B

      54,869  

3,531

   

Monster Beverage Corp. (a)

      194,276  

6,574

   

PepsiCo, Inc.

      1,107,916  

7,421

   

Philip Morris International, Inc.

      674,198  
     

 

 

  
        3,817,626  
     

 

 

  

Broadcasting and Content Providers - 0.5%

   

479

   

Charter Communications, Inc. (a)

      177,570  

19,199

   

Comcast Corp. Class A

      893,522  

1,180

   

FOX Corp. Class A

      38,114  

632

   

FOX Corp. Class B

      18,966  

2,309

   

Paramount Global Class B

      33,688  

10,610

   

Warner Bros Discovery, Inc. (a)

      106,312  
     

 

 

  
        1,268,172  
     

 

 

  

Building Material and Garden Equipment and Supplies Dealers - 1.0%

   

2,760

   

Lowe’s Companies, Inc.

      587,439  

254

   

Snap-on, Inc.

      73,642  

4,783

   

The Home Depot, Inc.

      1,688,208  

514

   

Tractor Supply Co.

      115,444  
     

 

 

  
        2,464,733  
     

 

 

  

Chemical Manufacturing - 6.3%

   

8,440

   

AbbVie, Inc.

      1,387,536  

1,062

   

Air Products & Chemicals, Inc.

      271,564  

563

   

Albemarle Corp.

      64,599  

2,557

   

Amgen, Inc.

      803,563  

693

   

Biogen, Inc. (a)

      170,935  

755

   

Bio-Techne Corp.

      53,091  

9,729

   

Bristol-Myers Squibb Co.

      475,456  

859

   

Catalent, Inc. (a)

      44,359  

477

   

Celanese Corp.

      69,780  

916

   

CF Industries Holdings, Inc.

      69,167  

1,176

   

Church & Dwight Co., Inc.

      117,424  

595

   

Clorox Co.

      86,424  

3,935

   

Colgate-Palmolive Co.

      331,327  

2,057

   

DuPont de Nemours, Inc.

      127,123  

569

   

Eastman Chemical Co.

      47,540  

1,210

   

Ecolab, Inc.

      239,846  

3,813

   

Eli Lilly and Company

      2,461,711  

598

   

FMC Corp.

      33,608  

5,957

   

Gilead Sciences, Inc.

      466,195  

892

   

Incyte Corp. (a)

      52,423  

2,737

   

IntercontinentalExchange, Inc.

      348,502  

1,223

   

International Flavors & Fragrances, Inc.

      98,672  

8,243

   

Kenvue, Inc.

      171,125  

1,618

   

Kimberly-Clark Corp.

      195,729  

2,320

   

Linde PLC ADR (Ireland)

      939,206  

1,228

   

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

      115,579  

12,117

   

Merck & Co., Inc.

      1,463,491  

1,563

   

Mosaic Co.

      48,000  

26,997

   

Pfizer, Inc.

      731,079  

1,126

   

PPG Industries, Inc.

      158,811  

11,267

   

Procter & Gamble Co.

      1,770,496  

509

   

Regeneron Pharmaceuticals, Inc. (a)

      479,875  

1,235

   

Vertex Pharmaceuticals, Inc. (a)

      535,224  

354

   

West Pharmaceutical Services, Inc.

      132,053  

2,193

   

Zoetis, Inc.

      411,867  
     

 

 

  
        14,973,380  
     

 

 

  

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.3%

   

1,086

   

Bath & Body Works, Inc.

      46,329  

1,621

   

Ross Stores, Inc.

      227,394  

5,472

   

TJX Companies, Inc.

      519,347  
     

 

 

  
        793,070  
     

 

 

  

Computer and Electronic Product Manufacturing - 18.2%

   

7,724

   

Advanced Micro Devices, Inc. (a)

      1,295,237  

1,399

   

Agilent Technologies, Inc.

      182,010  

28,297

   

Alphabet, Inc. Class A (a)

      3,964,410  

23,815

   

Alphabet, Inc. Class C (a)

      3,376,967  

1,102

   

AMETEK, Inc.

      178,579  

2,859

   

Amphenol Corp. Class A

      289,045  

2,384

   

Analog Devices, Inc.

      458,586  

69,902

   

Apple, Inc.

      12,889,929  

1,202

   

Arista Networks, Inc. (a)

      310,933  

98

   

Bio-Rad Laboratories, Inc. (a)

      31,447  

2,099

   

Broadcom, Inc.

      2,476,820  

19,366

   

Cisco Systems, Inc.

      971,786  

3,144

   

Danaher Corp.

      754,277  

654

   

Enphase Energy, Inc. (a)

      68,101  

3,049

   

Fortinet, Inc. (a)

      196,630  

1,681

   

Fortive Corp.

      131,421  

1,870

   

GE HealthCare Technologies, Inc.

      137,183  

1,169

   

Hologic, Inc. (a)

      87,020  

4,159

   

HP, Inc.

      119,405  

396

   

IDEXX Laboratories, Inc. (a)

      203,972  

758

   

Illumina, Inc. (a)

      108,402  

20,159

   

Intel Corp.

      868,450  

4,369

   

International Business Machines Corp.

      802,410  

613

   

Jabil Circuit, Inc.

      76,803  

846

   

Keysight Technologies, Inc. (a)

      129,658  

909

   

L3 Harris Technologies, Inc.

      189,454  

2,584

   

Microchip Technology, Inc.

      220,105  

5,250

   

Micron Technology, Inc.

      450,187  

231

   

Monolithic Power Systems, Inc.

      139,228  

792

   

Motorola Solutions, Inc.

      253,044  

999

   

NetApp, Inc.

      87,113  

678

   

Northrop Grumman Corp.

      302,903  

11,810

   

NVIDIA Corp.

      7,266,339  

1,235

   

NXP Semiconductors NV ADR (Netherlands)

      260,054  

2,060

   

ON Semiconductor Corp. (a)

      146,528  

1,959

   

Otis Worldwide Corp.

      173,254  

592

   

PerkinElmer, Inc.

      63,450  

463

   

Qorvo, Inc. (a)

      46,180  

5,320

   

Qualcomm, Inc.

      790,073  

6,877

   

Raytheon Technologies Corp.

      626,632  

508

   

Roper Technologies, Inc.

      272,796  

932

   

Seagate Technology Holdings PLC ADR (Ireland)

      79,854  

761

   

Skyworks Solutions, Inc.

      79,494  

730

   

Teradyne, Inc.

      70,511  

4,343

   

Texas Instruments, Inc.

      695,401  

1,846

   

Thermo Fisher Scientific, Inc.

      994,957  

1,187

   

Trimble, Inc. (a)

      60,371  

284

   

Waters Corp. (a)

      90,230  

1,548

   

Western Digital Corp. (a)

      88,623  

247

   

Zebra Technologies Corp. Class A (a)

      59,169  
     

 

 

  
        43,615,431  
     

 

 

  

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.2%

   

2,868

   

Fiserv, Inc. (a)

      406,883  
     

 

 

  

Construction of Buildings - 0.3%

   

1,440

   

D.R. Horton, Inc.

      205,791  

1,193

   

Lennar Corp. Class A

      178,771  

15

   

NVR, Inc. (a)

      106,129  

1,031

   

PulteGroup, Inc.

      107,801  
     

 

 

  
     598,492  
     

 

 

  

Couriers and Messengers - 0.3%

   

1,105

   

FedEx Corp.

      266,626  

3,459

   

United Parcel Service, Inc. Class B

      490,832  
     

 

 

  
        757,458  
     

 

 

  

Credit Intermediation and Related Activities - 4.1%

   

2,753

   

American Express Co.

      552,637  

32,919

   

Bank of America Corp.

      1,119,575  

3,680

   

Bank of New York Mellon Corp.

      204,093  

1,820

   

Capital One Financial Corp.

      246,282  

9,149

   

Citigroup, Inc.

      513,899  

2,227

   

Citizens Financial Group, Inc.

      72,823  

632

   

Comerica, Inc.

      33,231  

1,193

   

Discover Financial Services

      125,885  

2,832

   

Fidelity National Information Services, Inc.

      176,320  

3,254

   

Fifth Third Bancorp

      111,417  

6,924

   

Huntington Bancshares, Inc.

      88,143  

13,825

   

JPMorgan Chase & Co.

      2,410,527  

4,477

   

KeyCorp

      65,051  

792

   

M&T Bank Corp.

      109,375  

3,957

   

MasterCard, Inc. Class A

      1,777,603  

991

   

Northern Trust Corp.

      78,923  

1,902

   

PNC Financial Services Group, Inc.

      287,602  

4,448

   

Regions Financial Corp.

      83,044  

1,474

   

State Street Corp.

      108,884  

1,980

   

Synchrony Financial

      76,963  

6,375

   

Truist Financial Corp.

      236,258  

7,442

   

U.S. Bancorp

      309,141  

17,365

   

Wells Fargo & Co.

      871,376  

708

   

Zions Bancorp

      29,665  
     

 

 

  
        9,688,717  
     

 

 

  

Electrical Equipment, Appliance, and Component Manufacturing - 0.3%

   

589

   

A.O. Smith Corp.

      45,712  

337

   

Axon Enterprise, Inc. (a)

      83,933  

2,727

   

Emerson Electric Co.

      250,148  

295

   

Generac Holdings, Inc. (a)

      33,533  

551

   

Rockwell Automation, Inc.

      139,557  

1,484

   

TE Connectivity Ltd. ADR (Switzerland)

      211,010  

264

   

Whirlpool Corp.

      28,913  
     

 

 

  
        792,806  
     

 

 

  

Fabricated Metal Product Manufacturing - 0.2%

   

1,506

   

Ball Corp.

      83,508  

1,173

   

Nucor Corp.

      219,269  

789

   

Pentair PLC ADR (Ireland)

      57,731  

732

   

Stanley Black & Decker, Inc.

      68,295  
     

 

 

  
        428,803  
     

 

 

  

Food and Beverage Retailers - 0.1%

   

3,164

   

Kroger Co.

      145,987  
     

 

 

  

Food Manufacturing - 0.7%

   

2,548

   

Archer-Daniels-Midland Co.

      141,618  

695

   

Bunge Global SA ADR (Switzerland)

      61,222  

941

   

Campbell Soup Co.

      41,997  

2,779

   

General Mills, Inc.

      180,385  

1,385

   

Hormel Foods Corp.

      42,062  

1,263

   

Kellanova

      69,162  

693

   

Lamb Weston Holdings, Inc.

      70,991  

1,199

   

McCormick & Co, Inc.

      81,724  

6,506

   

Mondelez International, Inc.

      489,706  

716

   

The Hershey Co.

      138,575  

505

   

The J.M. Smucker Co.

      66,433  

3,812

   

The Kraft Heinz Co.

      141,539  

1,364

   

Tyson Foods, Inc. Class A

      74,693  
     

 

 

  
        1,600,107  
     

 

 

  

Food Services and Drinking Places - 0.9%

   

129

   

Chipotle Mexican Grill, Inc. (a)

      310,731  

577

   

Darden Restaurants, Inc.

      93,809  

164

   

Domino’s Pizza, Inc.

      69,900  

3,468

   

McDonald’s Corp.

      1,015,153  

5,465

   

Starbucks Corp.

      508,409  

1,048

   

Veralto Corp.

      80,371  

1,341

   

Yum! Brands, Inc.

      173,646  
     

 

 

  
        2,252,019  
     

 

 

  

Funds, Trusts, and Other Financial Vehicles - 0.1%

   

731

   

Garmin Ltd. ADR (Switzerland)

      87,347  

1,068

   

T. Rowe Price Group, Inc.

      115,825  
     

 

 

  
        203,172  
     

 

 

  

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0%(†)

   

928

   

Best Buy Co., Inc.

      67,271  
     

 

 

  

Gasoline Stations and Fuel Dealers - 0.5%

   

8,393

   

Chevron Corp.

      1,237,380  
     

 

 

  

General Merchandise Retailers - 4.2%

   

43,481

   

Amazon.com, Inc. (a)

      6,748,251  

2,116

   

Costco Wholesale Corp.

      1,470,366  

1,049

   

Dollar General Corp.

      138,542  

1,000

   

Dollar Tree, Inc. (a)

      130,620  

2,481

   

eBay, Inc.

      101,895  

575

   

Etsy, Inc. (a)

      38,272  

2,205

   

Target Corp.

      306,671  

6,823

   

Wal-Mart Stores, Inc.

      1,127,501  
     

 

 

  
        10,062,118  
     

 

 

  

Health and Personal Care Retailers - 0.3%

   

6,143

   

CVS Health Corp.

      456,855  

237

   

Ulta Beauty, Inc. (a)

      118,986  

3,429

   

Walgreens Boots Alliance, Inc.

      77,392  
     

 

 

  
        653,233  
     

 

 

  

Hospitals - 0.1%

   

949

   

HCA Healthcare, Inc.

      289,350  

293

   

Universal Health Services, Inc. Class B

      46,531  
     

 

 

  
        335,881  
     

 

 

  

Insurance Carriers and Related Activities - 4.7%

   

2,541

   

Aflac, Inc.

      214,308  

1,254

   

Allstate Corp.

      194,683  

3,359

   

American International Group, Inc.

      233,484  

959

   

Aon PLC ADR (United Kingdom)

      286,194  

1,783

   

Arch Capital Group Ltd. ADR (a)

      146,973  

1,032

   

Arthur J. Gallagher & Co.

      239,589  

253

   

Assurant, Inc.

      42,491  

8,699

   

Berkshire Hathaway, Inc. Class B (a)

      3,338,154  

1,128

   

Brown & Brown, Inc.

      87,488  

2,552

   

Centene Corp. (a)

      192,191  

1,953

   

Chubb Limited ADR (Switzerland)

      478,485  

1,399

   

Cigna Corp.

      421,029  

749

   

Cincinnati Financial Corp.

      82,989  

1,122

   

Elevance Health, Inc.

      553,640  

210

   

Everest Re Group Ltd. ADR

      80,844  

408

   

Globe Life, Inc.

      50,111  

1,437

   

Hartford Financial Services Group, Inc.

      124,962  

590

   

Humana, Inc.

      223,055  

878

   

Loews Corp.

      63,971  

2,359

   

Marsh & McLennan Companies, Inc.

      457,269  

2,976

   

MetLife, Inc.

      206,296  

1,049

   

Principal Financial Group, Inc.

      82,976  

2,797

   

Progressive Corp.

      498,565  

1,726

   

Prudential Financial, Inc.

      181,109  

1,091

   

Travelers Companies, Inc.

      230,594  

4,424

   

UnitedHealth Group, Inc.

      2,263,938  

975

   

W.R. Berkley Corp.

      79,833  

491

   

Willis Towers Watson PLC ADR (Ireland)

      120,933  
     

 

 

  
        11,176,154  
     

 

 

  

Leather and Allied Product Manufacturing - 0.3%

   

5,854

   

NIKE, Inc. Class B

      594,357  

1,095

   

Tapestry, Inc.

      42,475  
     

 

 

  
        636,832  
     

 

 

  

Machinery Manufacturing - 2.0%

   

4,000

   

Applied Materials, Inc.

      657,200  

4,812

   

Baker Hughes Co.

      137,142  

4,012

   

Carrier Global Corp.

      219,497  

2,439

   

Caterpillar, Inc.

      732,456  

678

   

Cummins, Inc.

      162,245  

1,283

   

Deere & Co.

      504,963  

5,204

   

General Electric Co.

      689,114  

361

   

IDEX Corp.

      76,352  

1,938

   

Ingersoll Rand, Inc.

      154,769  

631

   

Lam Research Corp.

      520,682  

102

   

Mettler-Toledo International, Inc. (a)

      122,113  

261

   

Nordson Corp.

      65,699  

616

   

Parker Hannifin Corp.

      286,132  

1,091

   

Trane Technologies PLC ADR (Ireland)

      274,987  

1,151

   

Xylem, Inc.

      129,418  
     

 

 

  
        4,732,769  
     

 

 

  

Management of Companies and Enterprises - 0.4%

   

8,298

   

Abbott Laboratories

      938,919  

4,818

   

Carnival Corp. ADR (Panama) (a)

      79,882  

2,035

   

Norwegian Cruise Line Holdings Ltd. ADR (a)

      36,223  
     

 

 

  
        1,055,024  
     

 

 

  

Merchant Wholesalers, Durable Goods - 0.8%

   

592

   

Builders FirstSource, Inc. (a)

      102,848  

413

   

Cintas Corp.

      249,687  

4,178

   

Copart, Inc. (a)

      200,711  

2,733

   

Fastenal Co.

      186,473  

671

   

Genuine Parts Co.

      94,094  

626

   

Henry Schein, Inc. (a)

      46,850  

258

   

Hubbell, Inc.

      86,577  

193

   

Huntington Ingalls Industries, Inc.

      49,972  

3,251

   

Johnson Controls International PLC ADR (Ireland)

      171,295  

651

   

KLA-Tencor Corp.

      386,720  

1,281

   

LKQ Corp.

      59,784  

254

   

Mohawk Industries, Inc. (a)

      26,480  

188

   

Pool Corp.

      69,795  

214

   

W.W. Grainger, Inc.

      191,667  

1,229

   

WestRock Co.

      49,480  
     

 

 

  
        1,972,433  
     

 

 

  

Merchant Wholesalers, Nondurable Goods - 0.7%

   

878

   

Brown Forman Corp. Class B

      48,202  

1,176

   

Cardinal Health, Inc.

      128,407  

795

   

Cencora, Inc.

      184,981  

2,288

   

ConAgra Brands, Inc.

      66,695  

1,311

   

Illinois Tool Works, Inc.

      342,040  

637

   

McKesson Corp.

      318,430  

2,411

   

Sysco Corp.

      195,122  

1,125

   

The Sherwin Williams Co.

      342,428  
     

 

 

  
        1,626,305  
     

 

 

  

Mining (except Oil and Gas) - 0.3%

   

6,858

   

Freeport-McMoRan Copper & Gold, Inc.

      272,194  

296

   

Martin Marietta Materials, Inc.

      150,492  

5,511

   

Newmont Mining Corp.

      190,185  

636

   

Vulcan Materials Co.

      143,742  
     

 

 

  
        756,613  
     

 

 

  

Miscellaneous Manufacturing - 2.6%

   

2,643

   

3M Co.

      249,367  

341

   

Align Technology, Inc. (a)

      91,156  

2,426

   

Baxter International, Inc.

      93,862  

1,387

   

Becton, Dickinson & Co.

      331,229  

7,000

   

Boston Scientific Corp. (a)

      442,820  

1,014

   

Dentsply Sirona, Inc.

      35,237  

1,846

   

DexCom, Inc. (a)

      224,012  

669

   

Dover Corp.

      100,203  

2,898

   

Edwards Lifesciences Corp. (a)

      227,406  

1,110

   

Estee Lauder Companies, Inc. Class A

      146,509  

625

   

Hasbro, Inc.

      30,594  

334

   

Insulet Corp. (a)

      63,751  

1,684

   

Intuitive Surgical, Inc. (a)

      636,922  

11,510

   

Johnson & Johnson

      1,828,939  

6,360

   

Medtronic PLC ADR (Ireland)

      556,754  

703

   

ResMed, Inc.

      133,711  

470

   

Steris PLC ADR (Ireland)

      102,907  

1,619

   

Stryker Corp.

      543,142  

227

   

Teleflex, Inc.

      55,122  

939

   

Textron, Inc.

      79,543  

239

   

The Cooper Companies, Inc.

      89,154  

1,000

   

Zimmer Biomet Holdings, Inc.

      125,600  
     

 

 

  
        6,187,940  
     

 

 

  

Motion Picture and Sound Recording Industries - 0.5%

   

2,093

   

Netflix, Inc. (a)

      1,180,682  

755

   

Take-Two Interactive Software, Inc. (a)

      124,522  
     

 

 

  
        1,305,204  
     

 

 

  

Motor Vehicle and Parts Dealers - 0.2%

   

83

   

AutoZone, Inc. (a)

      229,257  

758

   

CarMax, Inc. (a)

      53,954  

284

   

O’Reilly Automotive, Inc. (a)

      290,546  
     

 

 

  
        573,757  
     

 

 

  

National Security and International Affairs - 0.0%(†)

   

658

   

Leidos Holdings, Inc.

      72,689  
     

 

 

  

Nonmetallic Mineral Product Manufacturing - 0.1%

   

3,674

   

Corning, Inc.

      119,368  
     

 

 

  

Oil and Gas Extraction - 0.5%

   

1,465

   

APA Corp.

      45,898  

3,594

   

Coterra Energy, Inc.

      89,419  

3,065

   

Devon Energy Corp.

      128,791  

4,001

   

Dominion Energy, Inc.

      182,926  

2,788

   

EOG Resources, Inc.

      317,247  

1,969

   

EQT Corp.

      69,703  

2,798

   

Marathon Oil Corp.

      63,934  

3,157

   

Occidental Petroleum Corp.

      181,748  
     

 

 

  
        1,079,666  
     

 

 

  

Paper Manufacturing - 0.0%(†)

   

427

   

Packaging Corp of America

      70,831  
     

 

 

  

Performing Arts, Spectator Sports, and Related Industries - 0.1%

   

1,168

   

Electronic Arts, Inc.

      160,693  
     

 

 

  

Petroleum and Coal Products Manufacturing - 1.4%

   

5,676

   

ConocoPhillips

      634,974  

19,152

   

Exxon Mobil Corp.

      1,969,017  

1,814

   

Marathon Petroleum Corp.

      300,399  

2,103

   

Phillips 66

      303,484  

1,630

   

Valero Energy Corp.

      226,407  
     

 

 

  
        3,434,281  
     

 

 

  

Pipeline Transportation - 0.1%

   

5,818

   

Williams Companies, Inc.

      201,652  
     

 

 

  

Plastics and Rubber Products Manufacturing - 0.0%(†)

   

384

   

Avery Dennison Corp.

      76,589  
     

 

 

  

Primary Metal Manufacturing - 0.1%

   

1,868

   

Howmet Aerospace, Inc.

      105,094  

727

   

Steel Dynamics, Inc.

      87,741  
     

 

 

  
        192,835  
     

 

 

  

Professional, Scientific, and Technical Services - 4.1%

   

3,003

   

Accenture PLC Class A ADR (Ireland)

      1,092,732  

641

   

CDW Corp.

      145,328  

247

   

Charles River Laboratories International, Inc. (a)

      53,421  

2,398

   

Cognizant Technology Solutions Corp. Class A

      184,934  

1,909

   

Eaton Corp PLC ADR (Ireland)

      469,767  

277

   

EPAM Systems, Inc. (a)

      77,036  

1,011

   

Extra Space Storage, Inc.

      146,029  

287

   

F5 Networks, Inc. (a)

      52,722  

1,656

   

International Paper Co.

      59,334  

1,830

   

Interpublic Group of Companies, Inc.

      60,372  

878

   

IQVIA Holdings, Inc. (a)

      182,826  

348

   

Jack Henry & Associates, Inc.

      57,709  

604

   

Jacobs Solutions, Inc.

      81,401  

1,522

   

Juniper Networks, Inc.

      56,253  

1,301

   

Match Group, Inc. (a)

      49,932  

10,613

   

Meta Platforms, Inc. (a)

      4,140,556  

1,589

   

Moderna, Inc. (a)

      160,568  

948

   

Omnicom Group, Inc.

      85,680  

7,598

   

Oracle Corp.

      848,697  

1,484

   

Palto Alto Networks, Inc. (a)

      502,349  

1,535

   

Paychex, Inc.

      186,856  

236

   

Paycom Software, Inc.

      44,897  

981

   

ServiceNow, Inc. (a)

      750,857  

228

   

Teledyne Technologies, Inc. (a)

      95,411  

423

   

VeriSign, Inc. (a)

      84,126  

693

   

Verisk Analytics, Inc. Class A

      167,380  
     

 

 

  
        9,837,173  
     

 

 

  

Publishing Industries - 8.1%

   

2,175

   

Adobe Systems, Inc. (a)

      1,343,671  

721

   

Akamai Technologies, Inc. (a)

      88,849  

414

   

Ansys, Inc. (a)

      135,722  

1,022

   

Autodesk, Inc. (a)

      259,394  

1,302

   

Cadence Design Systems, Inc. (a)

      375,575  

745

   

Dayforce, Inc. (a)

      51,792  

116

   

Fair Isaac Corp. (a)

      139,064  

6,136

   

Hewlett Packard Enterprise Co.

      93,819  

1,341

   

Intuit, Inc.

      846,614  

35,535

   

Microsoft Corp.

      14,128,005  

1,818

   

News Corp. Class A

      44,796  

551

   

News Corp. Class B

      14,089  

2,697

   

NortonLifeLock, Inc.

      63,326  

570

   

PTC, Inc. (a)

      102,970  

4,650

   

Salesforce.com, Inc. (a)

      1,307,069  

727

   

Synopsys, Inc. (a)

      387,745  

204

   

Tyler Technologies, Inc. (a)

      86,241  
     

 

 

  
        19,468,741  
     

 

 

  

Rail Transportation - 0.4%

   

9,448

   

CSX Corp.

      337,294  

2,912

   

Union Pacific Corp.

      710,324  
     

 

 

  
        1,047,618  
     

 

 

  

Real Estate - 1.5%

   

747

   

Alexandria Real Estate Equities, Inc.

      90,312  

2,226

   

American Tower Corp.

      435,517  

679

   

AvalonBay Communities, Inc.

      121,548  

690

   

Boston Properties, Inc.

      45,885  

508

   

Camden Property Trust

      47,671  

1,456

   

CBRE Group, Inc. Class A (a)

      125,667  

2,075

   

Crown Castle International Corp.

      224,619  

1,447

   

Digital Realty Trust, Inc.

      203,246  

1,654

   

Equity Residential

      99,554  

308

   

Essex Property Trust, Inc.

      71,847  

351

   

Federal Realty Investment Trust

      35,707  

2,616

   

Healthpeak Properties, Inc.

      48,396  

2,751

   

Invitation Homes, Inc.

      90,590  

3,179

   

Kimco Realty Corp.

      64,216  

560

   

Mid-America Apartment Communities, Inc.

      70,773  

4,420

   

Prologis, Inc.

      559,970  

756

   

Public Storage

      214,092  

3,974

   

Realty Income Corp.

      216,146  

784

   

Regency Centers Corp.

      49,133  

1,557

   

Simon Property Group, Inc.

      215,816  

1,446

   

UDR, Inc.

      52,085  

1,927

   

Ventas, Inc.

      89,394  

4,945

   

VICI Properties, Inc.

      148,943  

2,649

   

Welltower, Inc.

      229,165  

3,490

   

Weyerhaeuser Co.

      114,367  
     

 

 

  
        3,664,659  
     

 

 

  

Rental and Leasing Services - 0.1%

   

324

   

United Rentals, Inc.

      202,630  
     

 

 

  

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

   

482

   

Ameriprise Financial, Inc.

      186,452  

669

   

BlackRock, Inc.

      518,013  

502

   

CBOE Holdings, Inc.

      92,293  

7,116

   

Charles Schwab Corp.

      447,739  

1,722

   

CME Group, Inc.

      354,456  

3,356

   

Dow, Inc.

      179,882  

1,349

   

Franklin Resources, Inc.

      35,924  

1,556

   

Goldman Sachs Group, Inc.

      597,520  

2,148

   

Invesco Ltd. ADR (a)

      34,003  

184

   

MarketAxess Holdings, Inc.

      41,494  

6,041

   

Morgan Stanley

      527,017  

378

   

MSCI, Inc. Class A

      226,278  

1,630

   

NASDAQ OMX Group, Inc.

      94,165  

901

   

Raymond James Financial, Inc.

      99,272  

1,546

   

S&P Global, Inc.

      693,149  

3,399

   

The Blackstone Group, Inc.

      423,005  
     

 

 

  
        4,550,662  
     

 

 

  

Specialty Trade Contractors - 0.1%

   

695

   

Quanta Services, Inc.

      134,865  
     

 

 

  

Support Activities for Agriculture and Forestry - 0.1%

   

3,371

   

Corteva, Inc.

      153,313  
     

 

 

  

Support Activities for Mining - 0.5%

   

853

   

Diamondback Energy, Inc.

      131,140  

4,278

   

Halliburton Co.

      152,511  

1,323

   

Hess Corp.

      185,921  

1,114

   

Pioneer Natural Resources Co.

      256,031  

6,832

   

Schlumberger Ltd. ADR (Curacao) (a)

      332,719  

1,066

   

Targa Resources Corp.

      90,567  
     

 

 

  
        1,148,889  
     

 

 

  

Support Activities for Transportation - 0.2%

   

560

   

C.H. Robinson Worldwide, Inc.

      47,090  

638

   

Expedia, Inc. (a)

      94,635  

695

   

Expeditors International of Washington, Inc.

      87,799  

389

   

J.B. Hunt Transport Services, Inc.

      78,181  

1,081

   

Norfolk Southern Corp.

      254,295  
     

 

 

  
        562,000  
     

 

 

  

Telecommunications - 1.1%

   

34,188

   

AT&T, Inc.

      604,786  

447

   

Equinix, Inc.

      370,907  

5,156

   

PayPal Holdings, Inc. (a)

      316,321  

513

   

SBA Communications Corp.

      114,840  

2,433

   

T-Mobile US, Inc.

      392,272  

20,103

   

Verizon Communications, Inc.

      851,362  
     

 

 

  
        2,650,488  
     

 

 

  

Transit and Ground Passenger Transportation - 0.3%

   

9,838

   

Uber Technologies, Inc. (a)

      642,126  
     

 

 

  

Transportation Equipment Manufacturing - 2.4%

   

1,353

   

Aptiv PLC ADR (United Kingdom) (a)

      110,039  

2,720

   

Boeing Co. (a)

      574,029  

1,122

   

BorgWarner, Inc.

      38,036  

18,801

   

Ford Motor Co.

      220,348  

1,082

   

General Dynamics Corp.

      286,719  

6,549

   

General Motors Co.

      254,101  

3,152

   

Honeywell International, Inc.

      637,523  

1,056

   

Lockheed Martin Corp.

      453,457  

2,500

   

Paccar, Inc.

      250,975  

13,224

   

Tesla Motors, Inc. (a)

      2,476,723  

266

   

TransDigm Group, Inc.

      290,653  

854

   

Wabtec Corp.

      112,361  
     

 

 

  
        5,704,964  
     

 

 

  

Truck Transportation - 0.1%

   

426

   

Old Dominion Freight Line, Inc.

      166,575  
     

 

 

  

Utilities - 1.9%

   

3,201

   

AES Corp.

      53,393  

1,220

   

Alliant Energy Corp.

      59,365  

1,260

   

Ameren Corp.

      87,658  

2,513

   

American Electric Power Co., Inc.

      196,366  

933

   

American Water Works Co., Inc.

      115,711  

710

   

Atmos Energy Corp.

      80,897  

3,020

   

CenterPoint Energy, Inc.

      84,379  

1,395

   

CMS Energy Corp.

      79,738  

1,652

   

Consolidated Edison, Inc.

      150,167  

1,525

   

Constellation Energy Corp.

      186,050  

987

   

DTE Energy Co.

      104,049  

3,687

   

Duke Energy Corp.

      353,325  

1,831

   

Edison International

      123,556  

1,012

   

Entergy Corp.

      100,957  

1,097

   

Evergy, Inc.

      55,695  

1,671

   

Eversource Energy

      90,602  

4,761

   

Exelon Corp.

      165,730  

508

   

First Solar, Inc. (a)

      74,320  

2,469

   

FirstEnergy Corp.

      90,563  

9,246

   

Kinder Morgan, Inc.

      156,442  

9,809

   

NextEra Energy, Inc.

      575,102  

1,978

   

NiSource, Inc.

      51,369  

1,079

   

NRG Energy, Inc.

      57,230  

2,785

   

Oneok, Inc.

      190,076  

10,199

   

PG&E Corp.

      172,057  

545

   

Pinnacle West Capital Corp.

      37,550  

3,524

   

PPL Corp.

      92,329  

2,384

   

Public Service Enterprise Group, Inc.

      138,248  

3,011

   

Sempra Energy

      215,467  

5,215

   

Southern Co.

      362,547  

1,506

   

WEC Energy Group, Inc.

      121,625  

2,641

   

Xcel Energy, Inc.

      158,117  
     

 

 

  
        4,580,680  
     

 

 

  

Waste Management and Remediation Services - 0.1%

   

979

   

Republic Services, Inc.

      167,526  
     

 

 

  

Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%

   

1,955

   

CoStar Group, Inc. (a)

      163,203  
     

 

 

  

Wood Product Manufacturing - 0.0%(†)

   

1,073

   

Masco Corp.

      72,203  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $180,066,227)

    $ 194,500,038  
     

 

 

  

SHORT TERM INVESTMENTS - 20.8%

   

Money Market Funds - 20.8%

   

30,964,868

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 30,964,868  

18,754,220

   

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      18,754,220  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $49,719,088)

    $ 49,719,088  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $229,785,315) - 102.1% (c)

    $ 244,219,126  
  

Liabilities in Excess of Other Assets - (2.1)%

      (4,795,120 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 239,424,006  
     

 

 

  

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 January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $83,112,055.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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      12/10/2024        461,500      $ 194,399,331      $ (2,269,425 ) 

Total return of Technology Select Sector SPDR Fund

    5.7600% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        302,000        55,557,799        3,782,195  
              

 

 

     

 

 

  
               $ 249,957,130      $ 1,512,770  
              

 

 

     

 

 

  

Direxion Hydrogen ETF

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 99.7%

   

Chemical Manufacturing - 37.2%

   

11,348

   

Air Liquide S.A. (France) (a)

    $ 2,140,909  

4,460

   

Air Products & Chemicals, Inc.

      1,140,467  

73,486

   

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

      1,139,745  

1,437,496

   

ITM Power (United Kingdom) (a)

      1,091,023  

2,878

   

Linde PLC ADR (Ireland)

      1,165,101  

4,070,853

   

Nel ASA (Norway) (a)(b)

      2,077,355  

22,698

   

Nippon Sanso Holdings Corp. (Japan) (a)

      585,404  

136,930

   

PTT Global Chemical PCL ADR (Thailand) (a)

      129,297  

23,400

   

Showa Denko K.K. (Japan) (a)

      474,323  
     

 

 

  
        9,943,624  
     

 

 

  

Computer and Electronic Product Manufacturing - 7.4%

   

174,937

   

Bloom Energy Corp. (a)(b)

      1,980,287  
     

 

 

  

Electrical Equipment, Appliance, and Component Manufacturing - 13.7%

   

33,891

   

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

      129,394  

937

   

Hyosung Heavy Industries (South Korea) (a)

      120,613  

561,020

   

Plug Power, Inc. (a)(b)

      2,496,539  

163,994

   

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

      651,700  

6,524

   

SFC Energy AG (Germany) (a)(b)

      123,734  

6,814

   

VARTA AG (Germany) (a)(b)

      130,381  
     

 

 

  
        3,652,361  
     

 

 

  

Management of Companies and Enterprises - 4.5%

   

19,198

   

Shell PLC ADR (United Kingdom)

      1,207,746  
     

 

 

  

Merchant Wholesalers, Durable Goods - 0.5%

   

1,935

   

Hyster-Yale Materials Handling, Inc.

      127,168  
     

 

 

  

Miscellaneous Manufacturing - 0.4%

   

152,657

   

Hexagon Purus Holding AS (Norway) (a)(b)

      116,355  
     

 

 

  

Oil and Gas Extraction - 18.2%

   

34,275

   

BP PLC ADR (United Kingdom)

      1,203,052  

2,481,600

   

China Petroleum & Chemical Corp. (China) (a)

      1,288,854  

168,991

   

CIMC Enric Holdings Ltd. (Hong Kong) (a)

      138,786  

287,681

   

ENEOS Holdings, Inc. (Japan) (a)

      1,178,080  

186,620

   

Idemitsu Kosan Co., Ltd. (Japan) (a)

      1,051,609  
     

 

 

  
        4,860,381  
     

 

 

  

Primary Metal Manufacturing - 0.5%

   

17,717

   

Kaori Heat Treatment Co., Ltd. (Taiwan) (a)

      128,493  
     

 

 

  

Transportation Equipment Manufacturing - 7.5%

   

613,821

   

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

      2,013,333  
     

 

 

  

Utilities - 9.8%

   

366,325

   

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

      1,115,857  

917,136

   

FuelCell Energy, Inc. (a)(b)

      1,100,563  

7,497

   

Korea Gas Corp. (South Korea) (a)

      148,575  

21,632

   

S-Fuelcell Co., Ltd. (South Korea) (a)

      242,796  
     

 

 

  
        2,607,791  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $38,932,219)

    $ 26,637,539  
     

 

 

  

SHORT TERM INVESTMENTS - 17.7%

   

Money Market Funds - 17.7%

   

4,731,346

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 4,731,346  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $4,731,346)

    $ 4,731,346  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $43,663,565) - 117.4%

    $ 31,368,885  
  

Liabilities in Excess of Other Assets - (17.4)%

      (4,644,098 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 26,724,787  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Non-income producing security.

(b)

A portion of this security represents a security on loan.

(c)

Represents annualized seven-day yield at January 31, 2024.

(d) 

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

 

ADR

- American Depository Receipt

Direxion Moonshot Innovators ETF

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 99.9%

   

Administrative and Support Services - 8.7%

   

48,034

   

Bilibili, Inc. ADR (a)(b)

    $ 435,669  

4,190

   

Coinbase Global, Inc. (a)

      537,158  

24,180

   

SentinelOne, Inc. (a)

      648,024  

16,507

   

Upstart Holdings, Inc. (a)(b)

      524,262  
     

 

 

  
        2,145,113  
     

 

 

  

Chemical Manufacturing - 4.6%

   

116,755

   

bluebird bio, Inc. (a)

      119,090  

18,887

   

Intellia Therapeutics, Inc. (a)

      449,888  

57,542

   

Roivant Sciences Ltd. ADR (Ireland)(a)

      575,420  
     

 

 

  
        1,144,398  
     

 

 

  

Computer and Electronic Product Manufacturing - 10.8%

   

9,876

   

Ambarella Inc. ADR (a)

      519,082  

76,723

   

Indie Semiconductor, Inc. (a)

      465,709  

202,656

   

MicroVision, Inc. (a)(b)

      482,321  

238,614

   

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

      572,674  

151,562

   

Rekor Systems, Inc. (a)

      477,420  

99,698

   

Vuzix Corp. (a)(b)

      166,496  
     

 

 

  
        2,683,702  
     

 

 

  

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 3.4%

   

122,859

   

Rumble, Inc. (a)(b)

      841,584  
     

 

 

  

Electrical Equipment, Appliance, and Component Manufacturing - 2.3%

   

512,655

   

EOS Enegy Enterprises, Inc. (a)(b)

      569,047  
     

 

 

  

General Merchandise Retailers - 1.4%

   

118,529

   

Jumia Technologies AG ADR (Germany)(a)(b)

      342,549  
     

 

 

  

Management of Companies and Enterprises - 1.4%

   

33,057

   

EHang Holdings Ltd. (China)(a)(b)

      335,859  
     

 

 

  

Miscellaneous Manufacturing - 1.3%

   

359,812

   

Butterfly Network, Inc. (a)(b)

      324,227  
     

 

 

  

Printing and Related Support Activities - 1.3%

   

399,945

   

Fisker Inc. (a)(b)

      320,916  
     

 

 

  

Professional, Scientific, and Technical Services - 35.9%

   

39,574

   

4D Molecular Therapeutics, Inc. (a)

      682,651  

220,281

   

Allogene Therapeutics, Inc. (a)

      775,389  

29,037

   

Asana, Inc. (a)

      505,825  

71,114

   

Avidity Biosciences, Inc. (a)

      869,724  

28,295

   

Couchbase, Inc. (a)

      707,375  

7,925

   

Crispr Therapeutics AG ADR (Switzerland)(a)

      498,879  

50,757

   

Editas Medicine, Inc. (a)

      356,822  

433,787

   

Ginkgo Bioworks Holdings, Inc. Class A (a)(b)

      524,882  

193,031

   

Planet Labs PBC (a)

      436,250  

75,999

   

Recursion Pharmaceuticals, Inc. (a)(b)

      715,151  

38,180

   

Snap, Inc. (a)

      606,680  

19,991

   

Squarespace, Inc. (a)

      619,721  

174,207

   

TuSimple Holdings, Inc. (a)

      40,137  

17,902

   

Unity Software, Inc. (a)

      580,025  

45,150

   

Verve Therapeutics, Inc. (a)

      488,523  

118,815

   

Vimeo, Inc. (a)

      471,696  
     

 

 

  
        8,879,730  
     

 

 

  

Publishing Industries - 7.8%

   

61,161

   

BigCommerce Holdings, Inc. (a)

      500,297  

19,337

   

C3.ai, Inc. (a)(b)

      479,171  

33,269

   

Fastly, Inc. (a)

      669,372  

27,518

   

Xperi, Inc. (a)

      293,892  
     

 

 

  
        1,942,732  
     

 

 

  

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 7.3%

   

86,697

   

LanzaTech Global, Inc. (a)(b)

      377,565  

63,104

   

Ouster, Inc. (a)

      329,403  

50,036

   

Robinhood Markets, Inc. (a)

      537,387  

71,473

   

SoFi Technologies, Inc. (a)

      559,634  
     

 

 

  
        1,803,989  
     

 

 

  

Transportation Equipment Manufacturing - 13.7%

   

228,310

   

Aurora Innovation, Inc. (a)(b)

      682,647  

70,722

   

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

      231,968  

315,041

   

Innoviz Technologies Ltd. ADR (Israel)(a)(b)

      538,720  

128,165

   

Lucid Group, Inc. (a)(b)

      433,198  

217,730

   

Luminar Technologies, Inc. (a)(b)

      592,225  

574,025

   

Nikola Corp. (a)

      428,969  

279,168

   

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

      496,919  
     

 

 

  
        3,404,646  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $40,836,525)

    $ 24,738,492  
     

 

 

  

SHORT TERM INVESTMENTS - 27.1%

   

Money Market Funds - 27.1%

   

6,713,681

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 6,713,681  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $6,713,681)

    $ 6,713,681  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $47,550,206) - 127.0%

    $ 31,452,173  
  

Liabilities in Excess of Other Assets - (27.0)%

      (6,698,248 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 24,753,925  
     

 

 

  

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 January 31, 2024.

(d) 

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

ADR - American Depository Receipt

Direxion NASDAQ-100® Equal Weighted Index Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 99.9%

   

Accommodation - 2.0%

   

75,284

   

Airbnb, Inc. (a)

    $ 10,851,436  

49,910

   

Marriott International, Inc. Class A

      11,964,924  
     

 

 

  
        22,816,360  
     

 

 

  

Administrative and Support Services - 2.9%

   

47,137

   

Automatic Data Processing, Inc.

      11,585,332  

3,172

   

Booking Holdings, Inc. (a)

      11,125,695  

74,397

   

Pinduoduo, Inc. ADR (China)(a)

      9,438,747  
     

 

 

  
        32,149,774  
     

 

 

  

Apparel Manufacturing - 0.9%

   

22,458

   

Lululemon Athletica, Inc. (a)

      10,191,889  
     

 

 

  

Beverage and Tobacco Product Manufacturing - 4.0%

   

170,611

   

Coca-Cola Europacific Partners ADR (United Kingdom)

      11,755,098  

345,225

   

Keurig Dr Pepper, Inc.

      10,853,874  

200,341

   

Monster Beverage Corp. (a)

      11,022,762  

66,089

   

PepsiCo, Inc.

      11,137,979  
     

 

 

  
        44,769,713  
     

 

 

  

Broadcasting and Content Providers - 3.7%

   

29,050

   

Charter Communications, Inc. (a)

      10,769,125  

248,130

   

Comcast Corp. Class A

      11,547,970  

2,043,852

   

Sirius XM Holdings, Inc. (b)

      10,403,207  

900,229

   

Warner Bros Discovery, Inc. (a)

      9,020,295  
     

 

 

  
        41,740,597  
     

 

 

  

Chemical Manufacturing - 6.2%

   

40,067

   

Amgen, Inc.

      12,591,455  

170,322

   

AstraZeneca PLC ADR (United Kingdom)

      11,350,258  

44,480

   

Biogen, Inc. (a)

      10,971,437  

137,393

   

Gilead Sciences, Inc.

      10,752,376  

12,848

   

Regeneron Pharmaceuticals, Inc. (a)

      12,112,838  

26,876

   

Vertex Pharmaceuticals, Inc. (a)

      11,647,521  
     

 

 

  
        69,425,885  
     

 

 

  

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 1.0%

   

82,400

   

Ross Stores, Inc.

      11,559,072  
     

 

 

  

Computer and Electronic Product Manufacturing - 21.8%

   

79,317

   

Advanced Micro Devices, Inc. (a)

      13,300,668  

41,616

   

Alphabet, Inc. Class A (a)

      5,830,402  

41,232

   

Alphabet, Inc. Class C (a)

      5,846,698  

54,943

   

Analog Devices, Inc.

      10,568,835  

55,862

   

Apple, Inc.

      10,300,953  

9,770

   

Broadcom, Inc.

      11,528,600  

221,310

   

Cisco Systems, Inc.

      11,105,336  

190,848

   

Fortinet, Inc. (a)

      12,307,787  

147,138

   

GE HealthCare Technologies, Inc.

      10,794,044  

187,861

   

GlobalFoundries, Inc. ADR (a)(b)

      10,328,598  

20,398

   

IDEXX Laboratories, Inc. (a)

      10,506,602  

86,835

   

Illumina, Inc. (a)

      12,418,273  

239,100

   

Intel Corp.

      10,300,428  

185,213

   

Marvell Technology, Inc.

      12,538,920  

119,704

   

Microchip Technology, Inc.

      10,196,387  

135,570

   

Micron Technology, Inc.

      11,625,127  

26,267

   

MongoDB, Inc. (a)

      10,520,459  

22,574

   

NVIDIA Corp.

      13,889,105  

47,382

   

NXP Semiconductors NV ADR (Netherlands)

      9,977,228  

128,859

   

ON Semiconductor Corp. (a)

      9,165,741  

77,109

   

Qualcomm, Inc.

      11,451,457  

20,380

   

Roper Technologies, Inc.

      10,944,060  

65,445

   

Texas Instruments, Inc.

      10,479,053  
     

 

 

  
        245,924,761  
     

 

 

  

Food Manufacturing - 2.0%

   

156,108

   

Mondelez International, Inc.

      11,750,249  

301,635

   

The Kraft Heinz Co.

      11,199,708  
     

 

 

  
        22,949,957  
     

 

 

  

Food Services and Drinking Places - 1.9%

   

108,663

   

DoorDash, Inc. (a)

      11,322,685  

114,075

   

Starbucks Corp.

      10,612,397  
     

 

 

  
        21,935,082  
     

 

 

  

General Merchandise Retailers - 4.1%

   

73,593

   

Amazon.com, Inc. (a)

      11,421,634  

17,134

   

Costco Wholesale Corp.

      11,906,074  

84,373

   

Dollar Tree, Inc. (a)

      11,020,801  

6,872

   

MercadoLibre, Inc. (a)

      11,763,558  
     

 

 

  
        46,112,067  
     

 

 

  

Health and Personal Care Retailers - 0.9%

   

437,968

   

Walgreens Boots Alliance, Inc.

      9,884,938  
     

 

 

  

Machinery Manufacturing - 4.0%

   

68,151

   

Applied Materials, Inc.

      11,197,209  

14,657

   

ASML Holding NV ADR (Netherlands)

      12,748,952  

328,672

   

Baker Hughes Co.

      9,367,152  

14,269

   

Lam Research Corp.

      11,774,351  
     

 

 

  
        45,087,664  
     

 

 

  

Merchant Wholesalers, Durable Goods - 4.1%

   

19,755

   

Cintas Corp.

      11,943,280  

225,656

   

Copart, Inc. (a)

      10,840,514  

172,020

   

Fastenal Co.

      11,736,925  

18,861

   

KLA-Tencor Corp.

      11,204,189  
     

 

 

  
        45,724,908  
     

 

 

  

Miscellaneous Manufacturing - 2.1%

   

90,030

   

DexCom, Inc. (a)

      10,925,141  

34,029

   

Intuitive Surgical, Inc. (a)

      12,870,448  
     

 

 

  
        23,795,589  
     

 

 

  

Motion Picture and Sound Recording Industries - 2.2%

   

23,379

   

Netflix, Inc. (a)

      13,188,328  

68,893

   

Take-Two Interactive Software, Inc. (a)

      11,362,522  
     

 

 

  
        24,550,850  
     

 

 

  

Motor Vehicle and Parts Dealers - 1.1%

   

11,599

   

O’Reilly Automotive, Inc. (a)

      11,866,357  
     

 

 

  

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

   

79,497

   

Electronic Arts, Inc.

      10,937,197  
     

 

 

  

Professional, Scientific, and Technical Services - 10.3%

   

49,442

   

CDW Corp.

      11,209,490  

144,898

   

Cognizant Technology Solutions Corp. Class A

      11,174,534  

32,955

   

Meta Platforms, Inc. (a)

      12,857,064  

128,320

   

Moderna, Inc. (a)

      12,966,736  

35,916

   

Palto Alto Networks, Inc. (a)

      12,157,925  

87,014

   

Paychex, Inc.

      10,592,214  

147,374

   

The Trade Desk, Inc. (a)

      10,084,803  

46,964

   

Verisk Analytics, Inc. Class A

      11,343,215  

40,472

   

Workday, Inc. (a)

      11,780,185  

49,791

   

Zscaler, Inc. (a)

      11,734,245  
     

 

 

  
        115,900,411  
     

 

 

  

 

Publishing Industries - 11.3%

   
  18,876     

Adobe Systems, Inc. (a)

      11,661,215  
  37,353     

Ansys, Inc. (a)

      12,245,434  
  48,079     

Atlassian Corp. (a)

      12,008,692  
  45,552     

Autodesk, Inc. (a)

      11,561,553  
  40,649     

Cadence Design Systems, Inc. (a)

      11,725,611  
  42,435     

CrowdStrike Holdings, Inc. (a)

      12,412,237  
  90,022     

Datadog, Inc. (a)

      11,202,338  
  18,139     

Intuit, Inc.

      11,451,695  
  29,766     

Microsoft Corp.

      11,834,366  
  72,343     

Splunk, Inc. (a)

      11,095,246  
  19,841     

Synopsys, Inc. (a)

      10,582,197  
     

 

 

  
        127,780,584  
     

 

 

  
 

Rail Transportation - 1.0%

   
  324,613     

CSX Corp.

      11,588,684  
     

 

 

  
 

Support Activities for Mining - 1.0%

   
  72,083     

Diamondback Energy, Inc.

      11,082,040  
     

 

 

  
 

Telecommunications - 2.0%

   
  180,164     

PayPal Holdings, Inc. (a)

      11,053,062  
  70,680     

T-Mobile US, Inc.

      11,395,736  
     

 

 

  
        22,448,798  
     

 

 

  
 

Transportation Equipment Manufacturing - 2.7%

   
  54,261     

Honeywell International, Inc.

      10,974,830  
  114,667     

Paccar, Inc.

      11,511,420  
  43,539     

Tesla Motors, Inc. (a)

      8,154,419  
     

 

 

  
        30,640,669  
     

 

 

  
 

Truck Transportation - 1.0%

   
  28,080     

Old Dominion Freight Line, Inc.

      10,979,841  
     

 

 

  
 

Utilities - 3.8%

   
  134,218     

American Electric Power Co., Inc.

      10,487,794  
  92,941     

Constellation Energy Corp.

      11,338,802  
  310,983     

Exelon Corp.

      10,825,318  
  179,226     

Xcel Energy, Inc.

      10,730,261  
     

 

 

  
        43,382,175  
     

 

 

  
 

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

   
  126,033     

CoStar Group, Inc. (a)

      10,521,236  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $1,074,966,597)    $ 1,125,747,098  
     

 

 

  
 

SHORT TERM INVESTMENTS - 2.0%

   
 

Money Market Funds - 2.0%

   
  22,380,234     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 22,380,234  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $22,380,234)

    $ 22,380,234  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $1,097,346,831) - 101.9%

    $ 1,148,127,332  
  

Liabilities in Excess of Other Assets - (1.9)%

      (20,606,719 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 1,127,520,613  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2024.

(d) 

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

ADR - American Depository Receipt

Direxion Work From Home ETF

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 99.7%

   
 

Administrative and Support Services - 6.4%

   
  10,545     

Cloudflare, Inc. (a)

    $ 833,582  
  38,931     

SentinelOne, Inc. (a)

      1,043,351  
     

 

 

  
        1,876,933  
     

 

 

  
 

Broadcasting and Content Providers - 1.8%

   
  216,938     

Altice USA, Inc. (a)

      529,329  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 22.8%

   
  5,018     

Alphabet, Inc. Class A (a)

      703,022  
  773     

Broadcom, Inc.

      912,140  
  11,803     

Cisco Systems, Inc.

      592,274  
  10,841     

Fortinet, Inc. (a)

      699,136  
  4,557     

International Business Machines Corp.

      836,939  
  11,897     

Marvell Technology, Inc.

      805,427  
  8,442     

NetApp, Inc.

      736,142  
  432,485     

T Stamp, Inc. (a)

      622,778  
  39,782     

Xerox Corp.

      734,376  
     

 

 

  
        6,642,234  
     

 

 

  
 

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 4.7%

   
  13,669     

Pegasystems, Inc.

      666,227  
  20,546     

RingCentral, Inc. (a)

      696,304  
     

 

 

  
        1,362,531  
     

 

 

  
 

General Merchandise Retailers - 2.6%

   
  4,984     

Amazon.com, Inc. (a)

      773,517  
     

 

 

  
 

Management of Companies and Enterprises - 3.4%

   
  36,869     

America Movil SAB de CV ADR (Mexico)

      665,485  
  122,667     

Kingsoft Cloud Holdings Ltd. ADR (a)(b)

      318,934  
     

 

 

  
        984,419  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 2.3%

   
  6,711     

SYNNEX Corp.

      670,966  
     

 

 

  
 

Professional, Scientific, and Technical Services - 21.5%

   
  2,254     

Meta Platforms, Inc. (a)

      879,376  
  5,426     

Oracle Corp.

      606,084  
  2,752     

Palto Alto Networks, Inc. (a)

      931,579  
  1,127     

ServiceNow, Inc. (a)

      862,606  
  42,648     

Sprinklr, Inc. (a)

      532,247  
  21,856     

Verint Systems, Inc. (a)

      648,905  
  2,716     

Workday, Inc. (a)

      790,546  
  4,260     

Zscaler, Inc. (a)

      1,003,954  
     

 

 

  
        6,255,297  
     

 

 

  
 

Publishing Industries - 29.3%

   
  1,201     

Adobe Systems, Inc. (a)

      741,954  
  3,269     

Atlassian Corp. (a)

      816,498  
  25,911     

Box, Inc. (a)

      673,168  
  4,057     

CrowdStrike Holdings, Inc. (a)

      1,186,673  
  3,932     

CyberArk Software Ltd. ADR (Israel)(a)

      918,043  
  12,783     

DocuSign, Inc. (a)

      778,740  
  165,363     

Exela Technologies, Inc. (a)(b)

      368,759  
  2,026     

Microsoft Corp.

      805,497  
  7,710     

Okta, Inc. (a)

      637,232  
  3,045     

Salesforce.com, Inc. (a)

      855,919  
  16,576     

Smartsheet, Inc. (a)

      745,423  
     

 

 

  
        8,527,906  
     

 

 

  
 

Telecommunications - 4.9%

   
  19,739     

Verizon Communications, Inc.

      835,947  
  9,117     

Zoom Video Communications, Inc. (a)

      589,049  
     

 

 

  
        1,424,996  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $31,305,768)

    $ 29,048,128  
     

 

 

  
 

SHORT TERM INVESTMENTS - 1.6%

   
 

Money Market Funds - 1.6%

   
  461,074     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 461,074  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $461,074)

    $ 461,074  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $31,766,842) - 101.3%

    $ 29,509,202  
  

Liabilities in Excess of Other Assets - (1.3)%

      (373,686 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 29,135,516  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2024.

(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)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 102.6%

   
 

Money Market Funds - 102.6%

   
  173,188,357     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 173,188,357  
  19,553,410     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      19,553,410  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $192,741,767) (b)

    $ 192,741,767  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $192,741,767) - 102.6%

    $ 192,741,767  
  

Liabilities in Excess of Other Assets - (2.6)%

      (4,918,771 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 187,822,996  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $38,734,767.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be
Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		      Contracts      Notional
Amount		      Unrealized
Depreciation		  

5.4600% representing 1 month SOFR rate + spread

    Total return of S&P 500® Index    UBS Securities LLC      12/17/2024        21,289      $ 100,209,239      $ (2,368,990 ) 

5.6400% representing 1 month SOFR rate + spread

    Total return of S&P 500® Index    Barclays      12/23/2024        17,472        83,728,692        (601,331 ) 
              

 

 

     

 

 

  
               $ 183,937,931      $ (2,970,321 ) 
              

 

 

     

 

 

  

Direxion Daily AAPL Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 97.7%

   
 

Money Market Funds - 97.7%

   
  24,926,804     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 24,926,804  
  2,965,147     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      2,965,147  
  5,648,043     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      5,648,043  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $33,539,994) (b)

    $ 33,539,994  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $33,539,994) - 97.7%

    $ 33,539,994  
  

Other Assets in Excess of Liabilities - 2.3%

      782,197  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 34,322,191  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $11,892,815.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		      Contracts      Notional
Amount		      Unrealized
Appreciation		  

3.8100 % representing 1 month SOFR rate + spread

    Total return of common shares of Apple, Inc.    BNP Paribas      12/4/2024        34,800      $ 6,623,226      $ 242,079  

5.3100 % representing 1 month SOFR rate + spread

    Total return of common shares of Apple, Inc.    Goldman Sachs      12/10/2024        52,522        10,071,676        459,693  

3.8100 % representing 1 month SOFR rate + spread

    Total return of common shares of Apple, Inc.    Bank of America Merrill Lynch      12/11/2024        54,362        10,419,008        439,030  

3.3100 % representing 1 month SOFR rate + spread

    Total return of common shares of Apple, Inc.    Citibank N.A.      12/19/2024        44,446        8,526,994        357,893  
              

 

 

     

 

 

  
               $ 35,640,904      $ 1,498,695  
              

 

 

     

 

 

  

Direxion Daily AMZN Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 102.1%

   
 

Money Market Funds - 102.1%

   
  1,735,716     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 1,735,716  
  194,620     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      194,620  
  1,123,658     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      1,123,658  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $3,053,994) (b)

    $ 3,053,994  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $3,053,994) - 102.1%

    $ 3,053,994  
  

Liabilities in Excess of Other Assets - (2.1)%

      (62,739 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 2,991,255  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,318,278.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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      12/10/2024        1,096      $ 169,942      $ (81 ) 

3.8100% representing 1 month SOFR rate + spread

    Total return of common shares of Amazon.com, Inc.    Bank of America Merrill Lynch      12/11/2024        9,416        1,388,107        (65,579 ) 

3.3100% representing 1 month SOFR rate + spread

    Total return of common shares of Amazon.com, Inc.    Citibank N.A.      12/19/2024        8,762        1,352,573        (2,177 ) 
              

 

 

     

 

 

  
               $ 2,910,622      $ (67,837 ) 
              

 

 

     

 

 

  

Direxion Daily GOOGL Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 100.3%

   
 

Money Market Funds - 100.3%

   
  1,986,890     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 1,986,890  
  253,995     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      253,995  
  767,048     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      767,048  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $3,007,933) (b)

    $ 3,007,933  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $3,007,933) - 100.3%

    $ 3,007,933  
  

Liabilities in Excess of Other Assets - (0.3)%

      (10,065 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 2,997,868  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,021,043.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Alphabet, Inc.    Goldman Sachs      12/10/2024        3,101      $ 413,885      $ (17,920 ) 

3.8100% representing 1 month SOFR rate + spread

    Total return of common shares of Alphabet, Inc.    Bank of America Merrill Lynch      12/11/2024        7,591        1,094,255        33,119  

3.3100% representing 1 month SOFR rate + spread

    Total return of common shares of Alphabet, Inc.    Citibank N.A.      12/19/2024        10,706        1,468,142        (27,587 ) 
              

 

 

     

 

 

  
               $ 2,976,282      $ (12,388 ) 
              

 

 

     

 

 

  

Direxion Daily MSFT Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 104.9%

   
 

Money Market Funds - 104.9%

   
  4,815,044     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 4,815,044  
  802,647     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      802,647  
  1,759,178     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      1,759,178  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $7,376,869) (b)

    $ 7,376,869  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $7,376,869) - 104.9%

    $ 7,376,869  
  

Liabilities in Excess of Other Assets - (4.9)%

      (342,912 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 7,033,957  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,561,825.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Microsoft Corp.    Goldman Sachs      12/10/2024        5,854      $ 2,158,955      $ (150,583 ) 

3.8100% representing 1 month SOFR rate + spread

    Total return of common shares of Microsoft Corp.    Bank of America Merrill Lynch      12/11/2024        4,676        1,749,899        (99,507 ) 

3.3100% representing 1 month SOFR rate + spread

    Total return of common shares of Microsoft Corp.    Citibank N.A.      12/19/2024        7,162        2,727,469        (112,075 ) 
              

 

 

     

 

 

  
               $ 6,636,323      $ (362,165 ) 
              

 

 

     

 

 

  

Direxion Daily NVDA Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 120.1%

   
 

Money Market Funds - 120.1%

   
  5,398,380     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 5,398,380  
  2,612,175     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      2,612,175  
  680,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      680,000  
  925,392     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      925,392  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $9,615,947) (b)

    $ 9,615,947  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $9,615,947) - 120.1%

    $ 9,615,947  
  

Liabilities in Excess of Other Assets - (20.1)%

      (1,610,725 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 8,005,222  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $4,217,567.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 NVIDIA Corp.    Goldman Sachs      12/10/2024        7,664      $ 3,538,649      $ (1,151,707 ) 

3.8100% representing 1 month SOFR rate + spread

    Total return of common shares of NVIDIA Corp.    Bank of America Merrill Lynch      12/11/2024        1,647        797,467        (211,872 ) 

3.3100% representing 1 month SOFR rate + spread

    Total return of common shares of NVIDIA Corp.    Citibank N.A.      12/19/2024        1,550        771,492        (179,198 ) 

5.2100% representing 1 month SOFR rate + spread

    Total return of common shares of NVIDIA Corp.    Barclays      12/23/2024        2,150        1,225,621        (94,725 ) 
              

 

 

     

 

 

  
               $ 6,333,229      $ (1,637,502 ) 
              

 

 

     

 

 

  

Direxion Daily TSLA Bear 1X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 126.1%

   
 

Money Market Funds - 126.1%

   
  55,737,629     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 55,737,629  
  11,687,433     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      11,687,433  
  13,851,590     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      13,851,590  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $81,276,652) (b)

    $ 81,276,652  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $81,276,652) - 126.1%

    $ 81,276,652  
  

Liabilities in Excess of Other Assets - (26.1)%

      (16,823,937 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 64,452,715  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $33,332,131.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		      Contracts      Notional
Amount		      Unrealized
Appreciation		  

3.8100% representing 1 month SOFR rate + spread

    Total return of common shares of Tesla, Inc.    BNP Paribas      12/4/2024        81,667      $ 18,721,874      $ 3,485,340  

5.3100% representing 1 month SOFR rate + spread

    Total return of common shares of Tesla, Inc.    Goldman Sachs      12/10/2024        68,175        12,768,496        70,196  

3.8100% representing 1 month SOFR rate + spread

    Total return of common shares of Tesla, Inc.    Bank of America Merrill Lynch      12/11/2024        83,998        20,521,173        4,897,729  

3.3100% representing 1 month SOFR rate + spread

    Total return of common shares of Tesla, Inc.    Citibank N.A.      12/19/2024        110,278        27,077,153        6,511,247  
              

 

 

     

 

 

  
               $ 79,088,696      $ 14,964,512  
              

 

 

     

 

 

  

Direxion Daily AAPL Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 20.9%

   
 

Computer and Electronic Product Manufacturing - 20.9%

   
  37,496     

Apple, Inc. (a)

    $ 6,914,263  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $6,268,431)

    $ 6,914,263  
     

 

 

  
 

SHORT TERM INVESTMENTS - 85.8%

   
 

Money Market Funds - 85.8%

   
  16,194,820     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 16,194,820  
  5,182,845     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      5,182,845  
  7,047,139     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      7,047,139  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $28,424,804)

    $ 28,424,804  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $34,693,235) - 106.7% (b)

    $ 35,339,067  
  

Liabilities in Excess of Other Assets - (6.7)%

      (2,218,888 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 33,120,179  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $16,908,867.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 common shares of Apple, Inc.

    7.3100 % representing 1 month SOFR rate + spread    BNP Paribas      12/04/2024        48,721      $ 9,201,159      $ (310,697 ) 

Total return of common shares of Apple, Inc.

    6.3100 % representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        84,034        16,082,536        (733,896 ) 

Total return of common shares of Apple, Inc.

    7.8100 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        56,831        11,086,570        (723,684 ) 

Total return of common shares of Apple, Inc.

    7.8100 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        42,335        8,252,331        (519,216 ) 
              

 

 

     

 

 

  
               $ 44,622,596      $ (2,287,493 ) 
              

 

 

     

 

 

  

Direxion Daily AMZN Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 10.2%

   
 

General Merchandise Retailers - 10.2%

   
  42,836     

Amazon.com, Inc. (a)

    $ 6,648,147  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $5,657,670)    $ 6,648,147  
     

 

 

  
 

SHORT TERM INVESTMENTS - 80.6%

   
 

Money Market Funds - 80.6%

   
  19,651,999     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 19,651,999  
  10,344,231     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      10,344,231  
  22,683,306     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      22,683,306  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $52,679,536)

    $ 52,679,536  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $58,337,206) - 90.8% (c)

    $ 59,327,683  
  

Other Assets in Excess of Liabilities - 9.2%

      6,070,438  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 65,398,121  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $33,585,015.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Amazon.com, Inc.

    6.5600 % representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        208,767      $ 31,207,903      $ 1,003,555  

Total return of common shares of Amazon.com, Inc.

    7.8100 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        158,666        23,417,098        949,251  

Total return of common shares of Amazon.com, Inc.

    8.3100 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        221,799        34,657,262        (423,560 ) 
              

 

 

     

 

 

  
               $ 89,282,263      $ 1,529,246  
              

 

 

     

 

 

  

Direxion Daily GOOGL Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 17.5%

   
 

Web Search Portals, Libraries, Archives, and Other Information Services - 17.5%

   
  68,031     

Alphabet, Inc. (a)

    $ 9,531,143  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $8,406,939)

    $ 9,531,143  
     

 

 

  
 

SHORT TERM INVESTMENTS - 98.0%

   
 

Money Market Funds - 98.0%

   
  29,737,252     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 29,737,252  
  6,818,324     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      6,818,324  
  16,812,526     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      16,812,526  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $53,368,102) (c)

    $ 53,368,102  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $61,775,041) - 115.5%

    $ 62,899,245  
  

Liabilities in Excess of Other Assets - (15.5)%

      (8,426,280 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 54,472,965  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b)

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $23,630,849.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 common shares of Alphabet, Inc.

    6.5600% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        157,675      $ 23,790,800      $ (1,704,663 ) 

Total return of common shares of Alphabet, Inc.

    7.8100% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        185,058        27,938,330        (2,017,522 ) 

Total return of common shares of Alphabet, Inc.

    7.8100% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        172,453        26,035,790        (1,880,549 ) 
              

 

 

     

 

 

  
               $ 77,764,920      $ (5,602,734 ) 
              

 

 

     

 

 

  

Direxion Daily MSFT Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 18.3%

   
Publishing Industries - 18.3%       
  35,881     

Microsoft Corp.

    $ 14,265,568  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $12,353,747)

    $ 14,265,568  
     

 

 

  
 

SHORT TERM INVESTMENTS - 86.6%

   
 

Money Market Funds - 86.6%

   
  34,320,399     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 34,320,399  
  8,172,132     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      8,172,132  
  7,380,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      7,380,000  
  17,849,514     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      17,849,514  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $67,722,045)

    $ 67,722,045  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $80,075,792) - 104.9% (b)

    $ 81,987,613  
  

Liabilities in Excess of Other Assets - (4.9)%

      (3,823,491 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 78,164,122  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $33,401,646.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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      12/10/2024        66,644      $ 25,315,162      $ 1,027,963  

Total return of common shares of Microsoft Corp.

    7.8100 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        60,563        23,008,909        854,864  

Total return of common shares of Microsoft Corp.

    7.8100 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        71,807        29,340,355        (797,752 ) 

Total return of common shares of Microsoft Corp.

    6.0100 % representing 1 month SOFR rate + spread    Barclays      12/23/2024        60,000        24,515,400        (664,693 ) 
              

 

 

     

 

 

  
               $ 102,179,826      $ 420,382  
              

 

 

     

 

 

  

Direxion Daily NVDA Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 2.1%

   
 

Computer and Electronic Product Manufacturing - 2.1%

   
  1,806     

NVIDIA Corp.

    $ 1,111,178  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $933,302)

    $ 1,111,178  
     

 

 

  
 

SHORT TERM INVESTMENTS - 101.8%

   
 

Money Market Funds - 101.8%

   
  29,506,411     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 29,506,411  
  5,411,437     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      5,411,437  
  10,050,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      10,050,000  
  9,525,621     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      9,525,621  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $54,493,469) (c)

    $ 54,493,469  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $55,426,771) - 103.9%

    $ 55,604,647  
  

Liabilities in Excess of Other Assets - (3.9)%

      (2,084,937 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 53,519,710  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $24,987,058.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 NVIDIA Corp.

    7.8100% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        24,766      $ 11,269,273      $ 3,831,272  

Total return of common shares of NVIDIA Corp.

    7.8100% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        25,117        12,777,838        2,578,709  

Total return of common shares of NVIDIA Corp.

    8.3100% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        22,730        11,346,341        2,526,673  

Total return of common shares of NVIDIA Corp.

    6.0100% representing 1 month SOFR rate + spread    Barclays      12/23/2024        56,057        35,156,381        (671,780 ) 
              

 

 

     

 

 

  
               $ 70,549,833      $ 8,264,874  
              

 

 

     

 

 

  

Direxion Daily TSLA Bull 1.5X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 23.5%

   
 

Transportation Equipment Manufacturing - 23.5%

   
  988,990     

Tesla, Inc. (a)

    $ 185,227,937  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $210,376,679)

    $ 185,227,937  
     

 

 

  
 

SHORT TERM INVESTMENTS - 108.8%

   
 

Money Market Funds - 108.8%

   
  320,460,687     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 320,460,687  
  98,696,624     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      98,696,624  
  123,500,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      123,500,000  
  313,726,679     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      313,726,679  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $856,383,990)

    $ 856,383,990  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $1,066,760,669) - 132.3% (c)

    $ 1,041,611,927  
  

Liabilities in Excess of Other Assets - (32.3)%

      (254,834,161 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 786,777,766  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $636,772,474.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 common shares of Tesla, Inc.

    7.3100 % representing 1 month SOFR rate + spread    BNP Paribas      12/4/2024        707,564      $ 166,687,927      $ (36,136,804 ) 

Total return of common shares of Tesla, Inc.

    8.8100 % representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        1,146,398        234,511,545        (20,427,947 ) 

Total return of common shares of Tesla, Inc.

    7.8100 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        1,176,644        286,912,873        (69,783,725 ) 

Total return of common shares of Tesla, Inc.

    8.3100 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        1,203,427        303,359,878        (81,059,166 ) 

Total return of common shares of Tesla, Inc.

    6.0100 % representing 1 month SOFR rate + spread    Barclays      12/23/2024        1,078,233        266,474,504        (66,407,559 ) 
              

 

 

     

 

 

  
               $ 1,257,946,727      $ (273,815,201 ) 
              

 

 

     

 

 

  

Direxion Daily CSI 300 China A Share Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 46.3%

   
  1,009,326     

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

    $ 22,356,571  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $26,199,741)

    $ 22,356,571  
     

 

 

  
 

SHORT TERM INVESTMENTS - 61.8%

   
 

Money Market Funds - 61.8%

   
  12,096,901     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 12,096,901  
  17,749,954     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      17,749,954  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $29,846,855)

    $ 29,846,855  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $56,046,596) - 108.1% (c)

    $ 52,203,426  
  

Liabilities in Excess of Other Assets - (8.1)%

      (3,905,241 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 48,298,185  
     

 

 

  

Percentages are stated as a percent of net assets.

 

The

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

 

(a)

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $18,645,419.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF

    3.8100% representing 1 month SOFR rate + spread     
 J.P.
Morgan		  
 		      12/16/2024        1,711,684      $ 40,952,752      $ (2,435,011 ) 

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

    5.5600% representing 1 month SOFR rate + spread     

 UBS
Securities
LLC		  
 
 		      12/17/2024        190,006        4,282,285        (85,556 ) 

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

    4.8100% representing 1 month SOFR rate + spread     
 Citibank
N.A.		  
 		      12/19/2024        1,450,000        33,389,525        (1,454,683 ) 
              

 

 

     

 

 

  
               $ 78,624,562      $ (3,975,250 ) 
              

 

 

     

 

 

  

Direxion Daily CSI China Internet Index Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 48.1%

   
  6,059,710     

KraneShares CSI China Internet ETF (a)

    $ 141,433,631  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $161,193,931)

    $ 141,433,631  
     

 

 

  
 

SHORT TERM INVESTMENTS - 71.7%

   
 

Money Market Funds - 71.7%

   
  127,810,481     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 127,810,481  
  29,372,755     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      29,372,755  
  53,490,901     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      53,490,901  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $210,674,137)

    $ 210,674,137  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $371,868,068) - 119.8% (c)

    $ 352,107,768  
  

Liabilities in Excess of Other Assets - (19.8)%

      (58,089,390 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 294,018,378  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $254,525,570.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 KraneShares CSI China Internet ETF

    5.7000% representing 1 month SOFR rate + spread    BNP Paribas      12/4/2024        3,947,936      $ 106,389,900      $ (13,540,003 ) 

Total return of KraneShares CSI China Internet ETF

    5.9100% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        3,744,859        97,411,301        (10,000,801 ) 

Total return of KraneShares CSI China Internet ETF

    5.8600% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        4,186,763        110,421,093        (11,857,232 ) 

Total return of KraneShares CSI China Internet ETF

    6.0500% representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        3,469,567        93,163,314        (11,576,197 ) 

Total return of KraneShares CSI China Internet ETF

    5.9100% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        3,785,359        99,376,100        (11,546,793 ) 
              

 

 

     

 

 

  
               $ 506,761,708      $ (58,521,026 ) 
              

 

 

     

 

 

  

Direxion Daily S&P 500® Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 89.2%

   
 

Accommodation - 0.5%

   
  2,359     

Airbnb, Inc. (a)

    $ 340,026  
  1,170     

Caesars Entertainment Inc. (a)

      51,328  
  1,391     

Hilton Worldwide Holdings, Inc.

      265,625  
  3,828     

Host Hotels & Resorts, Inc.

      73,574  
  2,003     

Las Vegas Sands Corp.

      97,987  
  1,339     

Marriott International, Inc. Class A

      320,999  
  1,483     

MGM Resorts International (a)

      64,318  
     

 

 

  
        1,213,857  
     

 

 

  
 

Administrative and Support Services - 2.2%

   
  476     

Allegion PLC ADR (Ireland)

      58,972  
  7,843     

Amcor PLC ADR (United Kingdom)

      73,959  
  2,232     

Automatic Data Processing, Inc.

      548,581  
  189     

Booking Holdings, Inc. (a)

      662,912  
  638     

Broadridge Financial Solutions, Inc.

      130,280  
  669     

Equifax, Inc.

      163,463  
  206     

FactSet Research System, Inc.

      98,040  
  392     

FleetCor Technologies, Inc. (a)

      113,653  
  423     

Gartner, Inc. (a)

      193,497  
  1,584     

Iron Mountain, Inc.

      106,952  
  770     

Live Nation Entertainment, Inc. (a)

      68,414  
  854     

Moody’s Corp.

      334,802  
  575     

Robert Half International, Inc.

      45,735  
  1,523     

Rollins, Inc.

      65,961  
  1,279     

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

      163,072  
  8,649     

Visa, Inc. Class A

      2,363,426  
  1,989     

Waste Management, Inc.

      369,218  
     

 

 

  
        5,560,937  
     

 

 

  
 

Air Transportation - 0.1%

   
  3,546     

American Airlines Group, Inc. (a)

      50,460  
  3,492     

Delta Air Lines, Inc.

      136,677  
  3,235     

Southwest Airlines Co.

      96,694  
  1,780     

United Continental Holdings, Inc. (a)

      73,656  
     

 

 

  
        357,487  
     

 

 

  
 

Ambulatory Health Care Services - 0.2%

   
  292     

DaVita, Inc. (a)

      31,583  
  461     

Laboratory Corp. of America Holdings

      102,480  
  316     

Molina Healthcare, Inc. (a)

      112,635  
  610     

Quest Diagnostics, Inc.

      78,342  
  6,510     

Viatris, Inc.

      76,623  
     

 

 

  
        401,663  
     

 

 

  
 

Amusement, Gambling, and Recreation Industries - 0.5%

   
  1,413     

Global Payments, Inc.

      188,254  
  9,929     

The Walt Disney Co.

      953,680  
  521     

Wynn Resorts Ltd.

      49,198  
     

 

 

  
        1,191,132  
     

 

 

  
 

Apparel Manufacturing - 0.1%

   
  625     

Lululemon Athletica, Inc. (a)

      283,637  
  216     

Ralph Lauren Corp.

      31,033  
  1,794     

VF Corp.

      29,529  
     

 

 

  
        344,199  
     

 

 

  
 

Beverage and Tobacco Product Manufacturing - 1.7%

   
  9,597     

Altria Group, Inc.

      385,032  
  21,114     

Coca-Cola Co.

      1,256,072  
  877     

Constellation Brands, Inc. Class A

      214,935  
  5,463     

Keurig Dr Pepper, Inc.

      171,757  
  1,005     

Molson Coors Brewing Co. Class B

      62,099  
  4,008     

Monster Beverage Corp. (a)

      220,520  
  7,460     

PepsiCo, Inc.

      1,257,234  
  8,424     

Philip Morris International, Inc.

      765,320  
     

 

 

  
        4,332,969  
     

 

 

  
 

Broadcasting and Content Providers - 0.6%

   
  546     

Charter Communications, Inc. (a)

      202,408  
  21,790     

Comcast Corp. Class A

      1,014,106  
  1,341     

FOX Corp. Class A

      43,314  
  716     

FOX Corp. Class B

      21,487  
  2,618     

Paramount Global Class B

      38,197  
  12,041     

Warner Bros Discovery, Inc. (a)

      120,651  
     

 

 

  
        1,440,163  
     

 

 

  
 

Building Material and Garden Equipment and Supplies Dealers - 1.1%

   
  3,132     

Lowe’s Companies, Inc.

      666,615  
  286     

Snap-on, Inc.

      82,920  
  5,427     

The Home Depot, Inc.

      1,915,514  
  587     

Tractor Supply Co.

      131,840  
     

 

 

  
        2,796,889  
     

 

 

  
 

Chemical Manufacturing - 6.9%

   
  9,580     

AbbVie, Inc.

      1,574,952  
  1,205     

Air Products & Chemicals, Inc.

      308,131  
  637     

Albemarle Corp.

      73,089  
  2,904     

Amgen, Inc.

      912,611  
  786     

Biogen, Inc. (a)

      193,875  
  858     

Bio-Techne Corp.

      60,335  
  11,041     

Bristol-Myers Squibb Co.

      539,574  
  978     

Catalent, Inc. (a)

      50,504  
  543     

Celanese Corp.

      79,435  
  1,037     

CF Industries Holdings, Inc.

      78,304  
  1,337     

Church & Dwight Co., Inc.

      133,499  
  673     

Clorox Co.

      97,753  
  4,468     

Colgate-Palmolive Co.

      376,206  
  2,333     

DuPont de Nemours, Inc.

      144,179  
  643     

Eastman Chemical Co.

      53,723  
  1,377     

Ecolab, Inc.

      272,949  
  4,327     

Eli Lilly and Company

      2,793,554  
  677     

FMC Corp.

      38,047  
  6,761     

Gilead Sciences, Inc.

      529,116  
  1,009     

Incyte Corp. (a)

      59,299  
  3,106     

IntercontinentalExchange, Inc.

      395,487  
  1,385     

International Flavors & Fragrances, Inc.

      111,742  
  9,352     

Kenvue, Inc.

      194,148  
  1,834     

Kimberly-Clark Corp.

      221,859  
  2,631     

Linde PLC ADR (Ireland)

      1,065,108  
  1,390     

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

      130,827  
  13,750     

Merck & Co., Inc.

      1,660,725  
  1,773     

Mosaic Co.

      54,449  
  30,638     

Pfizer, Inc.

      829,677  

  1,279     

PPG Industries, Inc.

      180,390  
  12,789     

Procter & Gamble Co.

      2,009,663  
  581     

Regeneron Pharmaceuticals, Inc. (a)

      547,755  
  1,398     

Vertex Pharmaceuticals, Inc. (a)

      605,865  
  401     

West Pharmaceutical Services, Inc.

      149,585  
  2,491     

Zoetis, Inc.

      467,835  
     

 

 

  
        16,994,250  
     

 

 

  
 

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.4%

   
  1,234     

Bath & Body Works, Inc.

      52,643  
  1,837     

Ross Stores, Inc.

      257,694  
  6,208     

TJX Companies, Inc.

      589,201  
     

 

 

  
        899,538  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 20.0%

   
  8,767     

Advanced Micro Devices, Inc. (a)

      1,470,138  
  1,588     

Agilent Technologies, Inc.

      206,599  
  32,112     

Alphabet, Inc. Class A (a)

      4,498,891  
  27,026     

Alphabet, Inc. Class C (a)

      3,832,287  
  1,252     

AMETEK, Inc.

      202,887  
  3,247     

Amphenol Corp. Class A

      328,272  
  2,704     

Analog Devices, Inc.

      520,141  
  79,328     

Apple, Inc.

      14,628,083  
  1,367     

Arista Networks, Inc. (a)

      353,616  
  114     

Bio-Rad Laboratories, Inc. (a)

      36,581  
  2,382     

Broadcom, Inc.

      2,810,760  
  21,979     

Cisco Systems, Inc.

      1,102,906  
  3,568     

Danaher Corp.

      855,999  
  741     

Enphase Energy, Inc. (a)

      77,160  
  3,458     

Fortinet, Inc. (a)

      223,006  
  1,907     

Fortive Corp.

      149,089  
  2,124     

GE HealthCare Technologies, Inc.

      155,817  
  1,329     

Hologic, Inc. (a)

      98,931  
  4,719     

HP, Inc.

      135,482  
  451     

IDEXX Laboratories, Inc. (a)

      232,301  
  862     

Illumina, Inc. (a)

      123,275  
  22,877     

Intel Corp.

      985,541  
  4,955     

International Business Machines Corp.

      910,035  
  694     

Jabil Circuit, Inc.

      86,951  
  964     

Keysight Technologies, Inc. (a)

      147,743  
  1,028     

L3 Harris Technologies, Inc.

      214,256  
  2,936     

Microchip Technology, Inc.

      250,088  
  5,958     

Micron Technology, Inc.

      510,899  
  260     

Monolithic Power Systems, Inc.

      156,707  
  901     

Motorola Solutions, Inc.

      287,870  
  1,133     

NetApp, Inc.

      98,798  
  769     

Northrop Grumman Corp.

      343,558  
  13,403     

NVIDIA Corp.

      8,246,464  
  1,399     

NXP Semiconductors NV ADR (Netherlands)

      294,587  
  2,337     

ON Semiconductor Corp. (a)

      166,231  
  2,221     

Otis Worldwide Corp.

      196,425  
  670     

PerkinElmer, Inc.

      71,811  
  528     

Qorvo, Inc. (a)

      52,663  
  6,039     

Qualcomm, Inc.

      896,852  
  7,802     

Raytheon Technologies Corp.

      710,918  
  580     

Roper Technologies, Inc.

      311,460  
  1,056     

Seagate Technology Holdings PLC ADR (Ireland)

      90,478  
  865     

Skyworks Solutions, Inc.

      90,358  
  830     

Teradyne, Inc.

      80,170  
  4,928     

Texas Instruments, Inc.

      789,071  
  2,097     

Thermo Fisher Scientific, Inc.

      1,130,241  
  1,350     

Trimble, Inc. (a)

      68,661  
  321     

Waters Corp. (a)

      101,985  
  1,759     

Western Digital Corp. (a)

      100,703  
  279     

Zebra Technologies Corp. Class A (a)

      66,834  
     

 

 

  
        49,500,579  
     

 

 

  
 

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.2%

   
  3,257     

Fiserv, Inc. (a)

      462,071  
     

 

 

  
 

Construction of Buildings - 0.3%

   
  1,635     

D.R. Horton, Inc.

      233,658  
  1,357     

Lennar Corp. Class A

      203,346  
  17     

NVR, Inc. (a)

      120,280  
  1,170     

PulteGroup, Inc.

      122,335  
     

 

 

  
        679,619  
     

 

 

  
 

Couriers and Messengers - 0.3%

   
  1,255     

FedEx Corp.

      302,819  
  3,925     

United Parcel Service, Inc. Class B

      556,957  
     

 

 

  
        859,776  
     

 

 

  
 

Credit Intermediation and Related Activities - 4.4%

   
  3,124     

American Express Co.

      627,112  
  37,359     

Bank of America Corp.

      1,270,580  
  4,173     

Bank of New York Mellon Corp.

      231,435  
  2,067     

Capital One Financial Corp.

      279,706  
  10,385     

Citigroup, Inc.

      583,325  
  2,530     

Citizens Financial Group, Inc.

      82,731  
  716     

Comerica, Inc.

      37,647  
  1,357     

Discover Financial Services

      143,191  
  3,215     

Fidelity National Information Services, Inc.

      200,166  
  3,695     

Fifth Third Bancorp

      126,517  
  7,858     

Huntington Bancshares, Inc.

      100,032  
  15,687     

JPMorgan Chase & Co.

      2,735,185  
  5,080     

KeyCorp

      73,812  
  901     

M&T Bank Corp.

      124,428  
  4,493     

MasterCard, Inc. Class A

      2,018,390  
  1,123     

Northern Trust Corp.

      89,436  
  2,161     

PNC Financial Services Group, Inc.

      326,765  
  5,047     

Regions Financial Corp.

      94,228  
  1,674     

State Street Corp.

      123,658  
  2,245     

Synchrony Financial

      87,263  
  7,237     

Truist Financial Corp.

      268,203  
  8,449     

U.S. Bancorp

      350,972  
  19,706     

Wells Fargo & Co.

      988,847  
  804     

Zions Bancorp

      33,688  
     

 

 

  
        10,997,317  
     

 

 

  
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.4%

   
  666     

A.O. Smith Corp.

      51,688  
  382     

Axon Enterprise, Inc. (a)

      95,141  
  3,093     

Emerson Electric Co.

      283,721  
  333     

Generac Holdings, Inc. (a)

      37,852  
  622     

Rockwell Automation, Inc.

      157,540  
  1,686     

TE Connectivity Ltd. ADR (Switzerland)

      239,733  
  298     

Whirlpool Corp.

      32,637  
     

 

 

  
        898,312  
     

 

 

  

 

Fabricated Metal Product Manufacturing - 0.2%

   
  1,711     

Ball Corp.

      94,875  
  1,334     

Nucor Corp.

      249,365  
  897     

Pentair PLC ADR (Ireland)

      65,633  
  832     

Stanley Black & Decker, Inc.

      77,626  
     

 

 

  
        487,499  
     

 

 

  
 

Food and Beverage Retailers - 0.1%

   
  3,591     

Kroger Co.

      165,689  
     

 

 

  
 

Food Manufacturing - 0.7%

   
  2,894     

Archer-Daniels-Midland Co.

      160,848  
  788     

Bunge Global SA ADR (Switzerland)

      69,415  
  1,066     

Campbell Soup Co.

      47,576  
  3,154     

General Mills, Inc.

      204,726  
  1,572     

Hormel Foods Corp.

      47,742  
  1,431     

Kellanova

      78,362  
  786     

Lamb Weston Holdings, Inc.

      80,518  
  1,364     

McCormick & Co, Inc.

      92,970  
  7,382     

Mondelez International, Inc.

      555,643  
  813     

The Hershey Co.

      157,348  
  576     

The J.M. Smucker Co.

      75,773  
  4,326     

The Kraft Heinz Co.

      160,624  
  1,548     

Tyson Foods, Inc. Class A

      84,768  
     

 

 

  
        1,816,313  
     

 

 

  
 

Food Services and Drinking Places - 1.0%

   
  149     

Chipotle Mexican Grill, Inc. (a)

      358,907  
  653     

Darden Restaurants, Inc.

      106,165  
  189     

Domino’s Pizza, Inc.

      80,556  
  3,936     

McDonald’s Corp.

      1,152,146  
  6,200     

Starbucks Corp.

      576,786  
  1,189     

Veralto Corp.

      91,184  
  1,521     

Yum! Brands, Inc.

      196,954  
     

 

 

  
        2,562,698  
     

 

 

  
 

Funds, Trusts, and Other Financial Vehicles - 0.1%

   
  831     

Garmin Ltd. ADR (Switzerland)

      99,296  
  1,213     

T. Rowe Price Group, Inc.

      131,550  
     

 

 

  
        230,846  
     

 

 

  
 

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0% (†)

   
  1,051     

Best Buy Co., Inc.

      76,187  
     

 

 

  
 

Gasoline Stations and Fuel Dealers - 0.6%

   
  9,526     

Chevron Corp.

      1,404,418  
     

 

 

  
 

General Merchandise Retailers - 4.6%

   
  49,345     

Amazon.com, Inc. (a)

      7,658,344  
  2,402     

Costco Wholesale Corp.

      1,669,102  
  1,191     

Dollar General Corp.

      157,295  
  1,134     

Dollar Tree, Inc. (a)

      148,123  
  2,816     

eBay, Inc.

      115,653  
  650     

Etsy, Inc. (a)

      43,264  
  2,505     

Target Corp.

      348,396  
  7,741     

Wal-Mart Stores, Inc.

      1,279,200  
     

 

 

  
        11,419,377  
     

 

 

  
 

Health and Personal Care Retailers - 0.3%

   
  6,969     

CVS Health Corp.

      518,285  
  267     

Ulta Beauty, Inc. (a)

      134,047  
  3,891     

Walgreens Boots Alliance, Inc.

      87,820  
     

 

 

  
        740,152  
     

 

 

  
 

Hospitals - 0.2%

   
  1,075     

HCA Healthcare, Inc.

      327,768  
  331     

Universal Health Services, Inc. Class B

      52,566  
     

 

 

  
        380,334  
     

 

 

  
 

Insurance Carriers and Related Activities - 5.1%

   
  2,886     

Aflac, Inc.

      243,405  
  1,420     

Allstate Corp.

      220,455  
  3,809     

American International Group, Inc.

      264,763  
  1,086     

Aon PLC ADR (United Kingdom)

      324,095  
  2,025     

Arch Capital Group Ltd. ADR (a)

      166,921  
  1,172     

Arthur J. Gallagher & Co.

      272,091  
  285     

Assurant, Inc.

      47,866  
  9,873     

Berkshire Hathaway, Inc. Class B (a)

      3,788,665  
  1,282     

Brown & Brown, Inc.

      99,432  
  2,899     

Centene Corp. (a)

      218,324  
  2,214     

Chubb Limited ADR (Switzerland)

      542,430  
  1,588     

Cigna Corp.

      477,909  
  851     

Cincinnati Financial Corp.

      94,291  
  1,275     

Elevance Health, Inc.

      629,136  
  235     

Everest Re Group Ltd. ADR

      90,468  
  465     

Globe Life, Inc.

      57,111  
  1,632     

Hartford Financial Services Group, Inc.

      141,919  
  668     

Humana, Inc.

      252,544  
  993     

Loews Corp.

      72,350  
  2,675     

Marsh & McLennan Companies, Inc.

      518,522  
  3,374     

MetLife, Inc.

      233,886  
  1,190     

Principal Financial Group, Inc.

      94,129  
  3,175     

Progressive Corp.

      565,944  
  1,959     

Prudential Financial, Inc.

      205,558  
  1,239     

Travelers Companies, Inc.

      261,875  
  5,019     

UnitedHealth Group, Inc.

      2,568,423  
  1,105     

W.R. Berkley Corp.

      90,477  
  560     

Willis Towers Watson PLC ADR (Ireland)

      137,928  
     

 

 

  
        12,680,917  
     

 

 

  
 

Leather and Allied Product Manufacturing - 0.3%

   
  6,642     

NIKE, Inc. Class B

      674,362  
  1,244     

Tapestry, Inc.

      48,255  
     

 

 

  
        722,617  
     

 

 

  
 

Machinery Manufacturing - 2.2%

   
  4,539     

Applied Materials, Inc.

      745,758  
  5,460     

Baker Hughes Co.

      155,610  
  4,553     

Carrier Global Corp.

      249,095  
  2,768     

Caterpillar, Inc.

      831,258  
  769     

Cummins, Inc.

      184,022  
  1,453     

Deere & Co.

      571,872  
  5,906     

General Electric Co.

      782,072  
  410     

IDEX Corp.

      86,715  
  2,196     

Ingersoll Rand, Inc.

      175,373  
  715     

Lam Research Corp.

      589,997  
  118     

Mettler-Toledo International, Inc. (a)

      141,268  
  294     

Nordson Corp.

      74,006  
  697     

Parker Hannifin Corp.

      323,756  
  1,239     

Trane Technologies PLC ADR (Ireland)

      312,290  
  1,308     

Xylem, Inc.

      147,071  
     

 

 

  
        5,370,163  
     

 

 

  

Management of Companies and Enterprises - 0.5%       

9,416

   

Abbott Laboratories

      1,065,421  

5,467

   

Carnival Corp. ADR (Panama) (a)

      90,643  

2,308

   

Norwegian Cruise Line Holdings Ltd. ADR (a)

      41,082  
     

 

 

  
        1,197,146  
     

 

 

  

Merchant Wholesalers, Durable Goods - 0.9%

   

670

   

Builders FirstSource, Inc. (a)

      116,399  

470

   

Cintas Corp.

      284,148  

4,741

   

Copart, Inc. (a)

      227,758  

3,101

   

Fastenal Co.

      211,581  

761

   

Genuine Parts Co.

      106,715  

709

   

Henry Schein, Inc. (a)

      53,061  

291

   

Hubbell, Inc.

      97,651  

216

   

Huntington Ingalls Industries, Inc.

      55,927  

3,692

   

Johnson Controls International PLC ADR (Ireland)

      194,531  

738

   

KLA-Tencor Corp.

      438,401  

1,452

   

LKQ Corp.

      67,765  

287

   

Mohawk Industries, Inc. (a)

      29,920  

210

   

Pool Corp.

      77,962  

240

   

W.W. Grainger, Inc.

      214,954  

1,391

   

WestRock Co.

      56,002  
     

 

 

  
        2,232,775  
     

 

 

  

Merchant Wholesalers, Nondurable Goods - 0.7%

   

993

   

Brown Forman Corp. Class B

      54,516  

1,337

   

Cardinal Health, Inc.

      145,987  

905

   

Cencora, Inc.

      210,575  

2,594

   

ConAgra Brands, Inc.

      75,615  

1,486

   

Illinois Tool Works, Inc.

      387,697  

722

   

McKesson Corp.

      360,921  

2,736

   

Sysco Corp.

      221,424  

1,278

   

The Sherwin Williams Co.

      388,998  
     

 

 

  
        1,845,733  
     

 

 

  

Mining (except Oil and Gas) - 0.3%

   

7,781

   

Freeport-McMoRan Copper & Gold, Inc.

      308,828  

335

   

Martin Marietta Materials, Inc.

      170,321  

6,254

   

Newmont Mining Corp.

      215,825  

721

   

Vulcan Materials Co.

      162,953  
     

 

 

  
        857,927  
     

 

 

  

Miscellaneous Manufacturing - 2.8%

   

2,997

   

3M Co.

      282,767  

386

   

Align Technology, Inc. (a)

      103,185  

2,753

   

Baxter International, Inc.

      106,514  

1,574

   

Becton, Dickinson & Co.

      375,887  

7,945

   

Boston Scientific Corp. (a)

      502,601  

1,150

   

Dentsply Sirona, Inc.

      39,962  

2,097

   

DexCom, Inc. (a)

      254,471  

759

   

Dover Corp.

      113,683  

3,291

   

Edwards Lifesciences Corp. (a)

      258,245  

1,261

   

Estee Lauder Companies, Inc. Class A

      166,439  

708

   

Hasbro, Inc.

      34,657  

379

   

Insulet Corp. (a)

      72,340  

1,910

   

Intuitive Surgical, Inc. (a)

      722,400  

13,062

   

Johnson & Johnson

      2,075,552  

7,220

   

Medtronic PLC ADR (Ireland)

      632,039  

798

   

ResMed, Inc.

      151,780  

536

   

Steris PLC ADR (Ireland)

      117,357  

1,835

   

Stryker Corp.

      615,606  

255

   

Teleflex, Inc.

      61,922  

1,064

   

Textron, Inc.

      90,131  

269

   

The Cooper Companies, Inc.

      100,345  

1,134

   

Zimmer Biomet Holdings, Inc.

      142,430  
     

 

 

  
        7,020,313  
     

 

 

  

Motion Picture and Sound Recording Industries - 0.6%

   

2,375

   

Netflix, Inc. (a)

      1,339,761  

858

   

Take-Two Interactive Software, Inc. (a)

      141,510  
     

 

 

  
        1,481,271  
     

 

 

  

Motor Vehicle and Parts Dealers - 0.3%

   

96

   

AutoZone, Inc. (a)

      265,164  

861

   

CarMax, Inc. (a)

      61,286  

321

   

O’Reilly Automotive, Inc. (a)

      328,399  
     

 

 

  
        654,849  
     

 

 

  

National Security and International Affairs - 0.0% (†)

   

746

   

Leidos Holdings, Inc.

      82,411  
     

 

 

  

Nonmetallic Mineral Product Manufacturing - 0.1%

   

4,167

   

Corning, Inc.

      135,386  
     

 

 

  

Oil and Gas Extraction - 0.5%

   

1,664

   

APA Corp.

      52,133  

4,082

   

Coterra Energy, Inc.

      101,560  

3,477

   

Devon Energy Corp.

      146,104  

4,541

   

Dominion Energy, Inc.

      207,614  

3,164

   

EOG Resources, Inc.

      360,032  

2,232

   

EQT Corp.

      79,013  

3,176

   

Marathon Oil Corp.

      72,572  

3,583

   

Occidental Petroleum Corp.

      206,273  
     

 

 

  
        1,225,301  
     

 

 

  

Paper Manufacturing - 0.0% (†)

   

486

   

Packaging Corp of America

      80,618  
     

 

 

  

Performing Arts, Spectator Sports, and Related Industries - 0.1%

   

1,328

   

Electronic Arts, Inc.

      182,706  
     

 

 

  

Petroleum and Coal Products Manufacturing - 1.6%

   

6,443

   

ConocoPhillips

      720,779  

21,736

   

Exxon Mobil Corp.

      2,234,678  

2,060

   

Marathon Petroleum Corp.

      341,136  

2,387

   

Phillips 66

      344,468  

1,847

   

Valero Energy Corp.

      256,548  
     

 

 

  
        3,897,609  
     

 

 

  

Pipeline Transportation - 0.1%

   

6,601

   

Williams Companies, Inc.

      228,791  
     

 

 

  

Plastics and Rubber Products Manufacturing - 0.0% (†)

   

437

   

Avery Dennison Corp.

      87,160  
     

 

 

  

Primary Metal Manufacturing - 0.1%

   

2,122

   

Howmet Aerospace, Inc.

      119,384  

825

   

Steel Dynamics, Inc.

      99,569  
     

 

 

  
        218,953  
     

 

 

  

Professional, Scientific, and Technical Services - 4.5%

   

3,406

   

Accenture PLC Class A ADR (Ireland)

      1,239,375  

727

   

CDW Corp.

      164,825  

278

   

Charles River Laboratories International, Inc. (a)

      60,126  

2,721

   

Cognizant Technology Solutions Corp. Class A

      209,844  

2,167

   

Eaton Corporation PLC ADR (Ireland)

      533,255  

313

   

EPAM Systems, Inc. (a)

      87,048  

1,146

   

Extra Space Storage, Inc.

      165,528  

324

   

F5 Networks, Inc. (a)

      59,519  

1,878

   

International Paper Co.

      67,289  

2,078

   

Interpublic Group of Companies, Inc.

      68,553  

994

   

IQVIA Holdings, Inc. (a)

      206,981  

395

   

Jack Henry & Associates, Inc.

      65,503  

683

   

Jacobs Solutions, Inc.

      92,048  

1,730

   

Juniper Networks, Inc.

      63,941  

1,475

   

Match Group, Inc. (a)

      56,611  

12,044

   

Meta Platforms, Inc. (a)

      4,698,846  

1,800

   

Moderna, Inc. (a)

      181,890  

1,074

   

Omnicom Group, Inc.

      97,068  

8,621

   

Oracle Corp.

      962,966  

1,687

   

Palto Alto Networks, Inc. (a)

      571,066  

1,744

   

Paychex, Inc.

      212,297  

266

   

Paycom Software, Inc.

      50,604  

1,112

   

ServiceNow, Inc. (a)

      851,125  

256

   

Teledyne Technologies, Inc. (a)

      107,128  

482

   

VeriSign, Inc. (a)

      95,860  

787

   

Verisk Analytics, Inc. Class A

      190,084  
     

 

 

  
        11,159,380  
     

 

 

  

Publishing Industries - 8.9%

   

2,471

   

Adobe Systems, Inc. (a)

      1,526,534  

818

   

Akamai Technologies, Inc. (a)

      100,802  

471

   

Ansys, Inc. (a)

      154,408  

1,160

   

Autodesk, Inc. (a)

      294,420  

1,476

   

Cadence Design Systems, Inc. (a)

      425,767  

846

   

Dayforce, Inc. (a)

      58,814  

134

   

Fair Isaac Corp. (a)

      160,643  

6,961

   

Hewlett Packard Enterprise Co.

      106,434  

1,521

   

Intuit, Inc.

      960,253  

40,329

   

Microsoft Corp.

      16,034,004  

2,065

   

News Corp. Class A

      50,882  

623

   

News Corp. Class B

      15,930  

3,059

   

NortonLifeLock, Inc.

      71,825  

645

   

PTC, Inc. (a)

      116,519  

5,280

   

Salesforce.com, Inc. (a)

      1,484,155  

825

   

Synopsys, Inc. (a)

      440,014  

228

   

Tyler Technologies, Inc. (a)

      96,387  
     

 

 

  
        22,097,791  
     

 

 

  

Rail Transportation - 0.5%

   

10,723

   

CSX Corp.

      382,811  

3,308

   

Union Pacific Corp.

      806,920  
     

 

 

  
        1,189,731  
     

 

 

  

Real Estate - 1.7%

   

849

   

Alexandria Real Estate Equities, Inc.

      102,644  

2,529

   

American Tower Corp.

      494,799  

771

   

AvalonBay Communities, Inc.

      138,017  

783

   

Boston Properties, Inc.

      52,069  

579

   

Camden Property Trust

      54,333  

1,654

   

CBRE Group, Inc. Class A (a)

      142,757  

2,355

   

Crown Castle International Corp.

      254,929  

1,643

   

Digital Realty Trust, Inc.

      230,776  

1,875

   

Equity Residential

      112,856  

348

   

Essex Property Trust, Inc.

      81,178  

399

   

Federal Realty Investment Trust

      40,590  

2,969

   

Healthpeak Properties, Inc.

      54,926  

3,121

   

Invitation Homes, Inc.

      102,774  

3,608

   

Kimco Realty Corp.

      72,882  

633

   

Mid-America Apartment Communities, Inc.

      79,999  

5,014

   

Prologis, Inc.

      635,224  

859

   

Public Storage

      243,260  

4,513

   

Realty Income Corp.

      245,462  

891

   

Regency Centers Corp.

      55,839  

1,770

   

Simon Property Group, Inc.

      245,340  

1,642

   

UDR, Inc.

      59,145  

2,183

   

Ventas, Inc.

      101,269  

5,614

   

VICI Properties, Inc.

      169,094  

3,003

   

Welltower, Inc.

      259,789  

3,961

   

Weyerhaeuser Co.

      129,802  
     

 

 

  
        4,159,753  
     

 

 

  

Rental and Leasing Services - 0.1%

   

368

   

United Rentals, Inc.

      230,147  
     

 

 

  

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.1%

   

549

   

Ameriprise Financial, Inc.

      212,370  

759

   

BlackRock, Inc.

      587,701  

573

   

CBOE Holdings, Inc.

      105,346  

8,075

   

Charles Schwab Corp.

      508,079  

1,953

   

CME Group, Inc.

      402,005  

3,806

   

Dow, Inc.

      204,002  

1,530

   

Franklin Resources, Inc.

      40,744  

1,770

   

Goldman Sachs Group, Inc.

      679,698  

2,439

   

Invesco Ltd. ADR (a)

      38,609  

206

   

MarketAxess Holdings, Inc.

      46,455  

6,858

   

Morgan Stanley

      598,292  

429

   

MSCI, Inc. Class A

      256,808  

1,847

   

NASDAQ OMX Group, Inc.

      106,701  

1,020

   

Raymond James Financial, Inc.

      112,384  

1,758

   

S&P Global, Inc.

      788,199  

3,856

   

The Blackstone Group, Inc.

      479,879  
     

 

 

  
        5,167,272  
     

 

 

  

Specialty Trade Contractors - 0.1%

   

788

   

Quanta Services, Inc.

      152,911  
     

 

 

  

Support Activities for Agriculture and Forestry - 0.1%

   

3,824

   

Corteva, Inc.

      173,915  
     

 

 

  

Support Activities for Mining - 0.5%

   

971

   

Diamondback Energy, Inc.

      149,281  

4,857

   

Halliburton Co.

      173,152  

1,500

   

Hess Corp.

      210,795  

1,266

   

Pioneer Natural Resources Co.

      290,965  

7,751

   

Schlumberger Ltd. ADR (Curaco) (a)

      377,474  

1,210

   

Targa Resources Corp.

      102,802  
     

 

 

  
        1,304,469  
     

 

 

  

Support Activities for Transportation - 0.3%

   

633

   

C.H. Robinson Worldwide, Inc.

      53,229  

723

   

Expedia, Inc. (a)

      107,243  

789

   

Expeditors International of Washington, Inc.

      99,674  

442

   

J.B. Hunt Transport Services, Inc.

      88,833  

1,227

   

Norfolk Southern Corp.

      288,640  
     

 

 

  
        637,619  
     

 

 

  

Telecommunications - 1.2%

   

38,797

   

AT&T, Inc.

      686,319  

509

   

Equinix, Inc.

      422,353  

5,850

   

PayPal Holdings, Inc. (a)

      358,898  

585

   

SBA Communications Corp.

      130,958  

2,761

   

T-Mobile US, Inc.

      445,156  

22,812

   

Verizon Communications, Inc.

      966,088  
     

 

 

  
        3,009,772  
     

 

 

  

Transit and Ground Passenger Transportation - 0.3%

   

11,166

   

Uber Technologies, Inc. (a)

      728,805  
     

 

 

  

Transportation Equipment Manufacturing - 2.6%

   

1,535

   

Aptiv PLC ADR (United Kingdom) (a)

      124,842  

3,086

   

Boeing Co. (a)

      651,269  

1,275

   

BorgWarner, Inc.

      43,222  

21,336

   

Ford Motor Co.

      250,058  

1,229

   

General Dynamics Corp.

      325,673  

7,431

   

General Motors Co.

      288,323  

3,577

   

Honeywell International, Inc.

      723,484  

1,198

   

Lockheed Martin Corp.

      514,433  

2,838

   

Paccar, Inc.

      284,907  

15,007

   

Tesla Motors, Inc. (a)

      2,810,661  

300

   

TransDigm Group, Inc.

      327,804  

972

   

Wabtec Corp.

      127,886  
     

 

 

  
        6,472,562  
     

 

 

  

Truck Transportation - 0.1%

   

485

   

Old Dominion Freight Line, Inc.

      189,645  
     

 

 

  

Utilities - 2.1%

   

3,634

   

AES Corp.

      60,615  

1,385

   

Alliant Energy Corp.

      67,394  

1,427

   

Ameren Corp.

      99,276  

2,853

   

American Electric Power Co., Inc.

      222,933  

1,057

   

American Water Works Co., Inc.

      131,089  

806

   

Atmos Energy Corp.

      91,836  

3,425

   

CenterPoint Energy, Inc.

      95,695  

1,583

   

CMS Energy Corp.

      90,484  

1,873

   

Consolidated Edison, Inc.

      170,256  

1,733

   

Constellation Energy Corp.

      211,426  

1,119

   

DTE Energy Co.

      117,965  

4,182

   

Duke Energy Corp.

      400,761  

2,080

   

Edison International

      140,358  

1,147

   

Entergy Corp.

      114,425  

1,247

   

Evergy, Inc.

      63,310  

1,896

   

Eversource Energy

      102,801  

5,401

   

Exelon Corp.

      188,009  

580

   

First Solar, Inc. (a)

      84,854  

2,802

   

FirstEnergy Corp.

      102,777  

10,493

   

Kinder Morgan, Inc.

      177,542  

11,133

   

NextEra Energy, Inc.

      652,728  

2,242

   

NiSource, Inc.

      58,225  

1,225

   

NRG Energy, Inc.

      64,974  

3,161

   

Oneok, Inc.

      215,738  

11,577

   

PG&E Corp.

      195,304  

615

   

Pinnacle West Capital Corp.

      42,374  

4,000

   

PPL Corp.

      104,800  

2,704

   

Public Service Enterprise Group, Inc.

      156,805  

3,415

   

Sempra Energy

      244,377  

5,918

   

Southern Co.

      411,419  

1,712

   

WEC Energy Group, Inc.

      138,261  

2,994

   

Xcel Energy, Inc.

      179,251  
     

 

 

  
        5,198,062  
     

 

 

  

Waste Management and Remediation Services - 0.1%

   

1,110

   

Republic Services, Inc.

      189,943  
     

 

 

  

Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%

   

2,216

   

CoStar Group, Inc. (a)

      184,992  
     

 

 

  

Wood Product Manufacturing - 0.0% (†)

   

1,218

   

Masco Corp.

      81,959  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $189,292,322)

    $ 220,745,645  
     

 

 

  

SHORT TERM INVESTMENTS - 12.7%

   

Money Market Funds - 12.7%

   

31,290,108

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 31,290,108  

7,234

   

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      7,234  

24,460

   

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      24,460  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $31,321,802)    $ 31,321,802  
     

 

 

  
   TOTAL INVESTMENTS (Cost $220,614,124) - 101.9% (c)    $ 252,067,447  
   Liabilities in Excess of Other Assets - (1.9)%      (4,777,779 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 247,289,668  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(†) 

Less than 0.005%.

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $219,064,280.

 

ADR

- American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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

   5.9100 % representing 1 month SOFR rate + spread   Goldman Sachs   12/10/2024     10,000     $ 45,493,400     $ 2,639,925  

Total return of S&P 500® Index

   5.8000 % representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     16,462       77,756,557       1,562,738  

Total return of S&P 500® Index

   5.8900 % representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     30,050       142,517,213       2,280,940  
         

 

 

    

 

 

  
          $ 265,767,170     $ 6,483,603  
         

 

 

    

 

 

  

Direxion Daily MSCI Brazil Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 39.1%

   
  1,248,197     

iShares MSCI Brazil Capped ETF (a)

    $ 41,090,645  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $43,588,195)

    $ 41,090,645  
     

 

 

  
 

SHORT TERM INVESTMENTS - 61.5%

   
 

Money Market Funds - 61.5%

   
  41,018,332     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 41,018,332  
  291,451     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      291,451  
  23,246,546     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      23,246,546  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $64,556,329)

    $ 64,556,329  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $108,144,524) - 100.6% (c)

    $ 105,646,974  
  

Liabilities in Excess of Other Assets - (0.6)%

      (617,380 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 105,029,594  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $55,536,910.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Brazil Capped ETF

  

5.9000 % representing

1 month SOFR rate + spread

   BNP Paribas   12/4/2024     253,278     $ 8,522,805     $ 43,062  

Total return of iShares MSCI Brazil Capped ETF

  

4.8100 % representing

1 month SOFR rate + spread

   J.P. Morgan   12/16/2024     3,836,600       128,219,172       1,906,090  

Total return of iShares MSCI Brazil Capped ETF

  

5.6100 % representing

1 month SOFR rate + spread

   UBS Securities
LLC		   12/17/2024     825,316       28,146,903       (711,455 ) 

Total return of iShares MSCI Brazil Capped ETF

  

6.0600 % representing

1 month SOFR rate + spread

   Barclays   12/23/2024     217,515       7,342,378       (232,730 ) 
         

 

 

    

 

 

  
          $ 172,231,258     $ 1,004,967  
         

 

 

    

 

 

  

Direxion Daily MSCI India Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 42.5%

   
  625,891     

iShares MSCI India ETF (a)

    $ 31,225,702  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $29,860,351)

    $ 31,225,702  
     

 

 

  
 

SHORT TERM INVESTMENTS - 56.3%

   
 

Money Market Funds - 56.3%

   
  25,403,148     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 25,403,148  
  8,150,078     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      8,150,078  
  7,833,654     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      7,833,654  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $41,386,880)

    $ 41,386,880  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $71,247,231) - 98.8% (c)

    $ 72,612,582  
  

Other Assets in Excess of Liabilities - 1.2%

      940,489  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 73,553,071  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $20,811,056.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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		    12/17/2024      689,691      $ 33,187,357      $ 970,162  

Total return of iShares MSCI India ETF

   

6.0600 % representing

1 month SOFR rate + spread

    Citibank N.A.    12/19/2024      801,971        38,859,504        861,852  

Total return of iShares MSCI India ETF

   

6.1100 % representing

1 month SOFR rate + spread

    Barclays    12/23/2024      831,067        39,477,808        1,712,066  
              

 

 

     

 

 

  
               $ 111,524,669      $ 3,544,080  
              

 

 

     

 

 

  

Direxion Daily Cloud Computing Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 74.3%

   

Administrative and Support Services - 0.7%

   

580

   

Alarm.com, Inc. (a)

    $ 35,277  

728

   

nCino, Inc. (a)

      22,917  
     

 

 

  
        58,194  
     

 

 

  

Computer and Electronic Product Manufacturing - 0.1%

   

482

   

Radware Ltd. ADR (Israel) (a)

      8,811  
     

 

 

  

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.1%

      65,163  

859

   

Five9, Inc. (a)

      34,873  
     

 

 

  

1,029

   

RingCentral, Inc. (a)

      100,036  
     

 

 

  

Heavy and Civil Engineering Construction - 0.4%

      35,267  
     

 

 

  

601

   

BlackLine, Inc. (a)

   
        790  

Professional, Scientific, and Technical Services - 28.7%

      24,211  

929

   

2U, Inc. (a)

      36,741  

718

   

DigitalOcean Holdings, Inc. (a)

      2,428  

1,655

   

Freshworks, Inc. (a)

      12,047  

867

   

LivePerson, Inc. (a)

      158,484  

447

   

Model N, Inc. (a)

      305,835  

2,820

   

Nutanix, Inc. (a)

      119,471  

2,738

   

Oracle Corp.

      80,155  

628

   

Paycom Software, Inc.

      17,416  

506

   

Paylocity Holding Corp. (a)

      338,584  

506

   

PROS Holdings, Inc. (a)

      424,797  

1,956

   

SAP SE ADR (Germany)

      345,500  

555

   

ServiceNow, Inc. (a)

      6,943  

1,766

   

Snowflake, Inc. (a)

      368,786  

1,749

   

Vimeo, Inc. (a)

      249,810  
     

 

 

  

1,267

   

Workday, Inc. (a)

      2,491,998  
     

 

 

  

1,060

   

Zscaler, Inc. (a)

   
        39,542  

Publishing Industries - 41.3%

      398,468  

1,315

   

ACI Worldwide, Inc. (a)

      233,274  

645

   

Adobe Systems, Inc. (a)

      49,991  

1,893

   

Akamai Technologies, Inc. (a)

      394,387  

228

   

AppFolio, Inc. (a)

      305,080  

1,579

   

Atlassian Corp. (a)

      97,875  

1,202

   

Autodesk, Inc. (a)

      42,321  

1,254

   

Bill.com Holdings, Inc. (a)

      44,478  

523

   

Blackbaud, Inc. (a)

      26,316  

1,712

   

Box, Inc. (a)

      13,553  

1,062

   

C3.ai, Inc. (a)(b)

      536,445  

719

   

Clearwater Analytics Holdings, Inc. (a)

      149,193  

1,834

   

CrowdStrike Holdings, Inc. (a)

      103,055  

2,449

   

DocuSign, Inc. (a)

      2,820  

3,253

   

Dropbox, Inc. (a)

      10,934  

357

   

Enfusion, Inc. (a)

      40,440  

489

   

Everbridge, Inc. (a)

      60,145  

1,348

   

Informatica, Inc. (a)

      15,019  

120

   

MicroStrategy, Inc. Class A (a)

      84,181  

773

   

Paycor HCM, Inc. (a)

      356,422  

445

   

Qualys, Inc. (a)

      81,975  

1,268

   

Salesforce.com, Inc. (a)

      152,054  

446

   

SPS Commerce, Inc. (a)

      284,774  

2,162

   

Twilio, Inc. (a)

      52,883  

1,373

   

Veeva Systems, Inc. (a)

      13,993  
     

 

 

  

569

   

Workiva, Inc. (a)

      3,589,618  
     

 

 

  

1,531

   

Zuora, Inc. (a)

   
        4,432  

Telecommunications - 2.0%

      172,896  
     

 

 

  

1,319

   

8x8, Inc. (a)

      177,328  
     

 

 

  

2,676

   

Zoom Video Communications, Inc. (a)

   
  

TOTAL COMMON STOCKS (Cost $6,226,859)

    $ 6,461,252  
     

 

 

  

SHORT TERM INVESTMENTS - 29.2%

   

Money Market Funds - 29.2%

   

2,402,705

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 2,402,705  

1

   

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (c)

      1  

130,242

   

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      130,242  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $2,532,948)

    $ 2,532,948  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $8,759,807) - 103.5% (e)

    $ 8,994,200  
  

Liabilities in Excess of Other Assets - (3.5)%

      (306,624 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 8,687,576  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2024.

(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 $1,929,997.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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      12/11/2024        5,565      $ 5,177,480      $ 396,478  

Total return of Indxx USA Cloud Computing Index

   

5.4600 % representing

1 month SOFR rate + spread

    Citibank N.A.      12/19/2024        5,258        5,101,870        170,021  
              

 

 

     

 

 

  
               $ 10,279,350      $ 566,499  
              

 

 

     

 

 

  

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 92.3%

   

Computer and Electronic Product Manufacturing - 7.3%

   

91,085

   

Blink Charging Co. (a)(b)

    $ 218,604  

33,932

   

Indie Semiconductor, Inc. (a)

      205,967  
     

 

 

  
        424,571  
     

 

 

  

Machinery Manufacturing - 3.8%

   

7,301

   

PHINIA, Inc.

      220,782  
     

 

 

  

Management of Companies and Enterprises - 5.2%

   

17,868

   

EHang Holdings Ltd. ADR (China) (a)

      181,539  

56,722

   

Polestar Automotive Holding UK PLC ADR (Sweden) (a)(b)

      123,087  
     

 

 

  
        304,626  
     

 

 

  

Motor Vehicle and Parts Dealers - 2.3%

   

59,237

   

EVgo, Inc. (a)(b)

      135,653  
     

 

 

  

Printing and Related Support Activities - 4.2%

   

304,551

   

Fisker Inc. (a)

      244,372  
     

 

 

  

Rental and Leasing Services - 2.1%

   

5,953

   

Cerence, Inc. (a)

      119,179  
     

 

 

  

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 11.0%

   

122,421

   

ChargePoint Holdings, Inc. (a)(b)

      232,600  

72,785

   

Nio, Inc. ADR (China) (a)(b)

      409,051  
     

 

 

  
        641,651  
     

 

 

  

Specialty Trade Contractors - 4.4%

   

37,370

   

QuantumScape Corp. (a)(b)

      254,490  
     

 

 

  

Transportation Equipment Manufacturing - 52.0%

   

7,469

   

BorgWarner, Inc.

      253,199  

7,852

   

Gentex Corp.

      260,137  

15,801

   

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

      437,372  

88,125

   

Lucid Group, Inc. (a)(b)

      297,863  

86,893

   

Luminar Technologies, Inc. (a)(b)

      236,349  

358,709

   

Nikola Corp. (a)

      268,063  

28,801

   

Rivian Automotive, Inc. (a)

      440,943  

2,126

   

Tesla Motors, Inc. (a)

      398,179  

9,434

   

The Lion Electric Company ADR (Canada) (a)(b)

      16,509  

15,664

   

Wallbox N.V. ADR (Spain) (a)(b)

      22,869  

48,022

   

XPeng, Inc. ADR (China) (a)(b)

      400,023  
     

 

 

  
        3,031,506  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $6,828,812)

    $ 5,376,830  
     

 

 

  

SHORT TERM INVESTMENTS - 46.8%

   

Money Market Funds - 46.8%

   

1,387,106

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 1,387,106  

250,000

   

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (c)

      250,000  

1,091,963

   

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      1,091,963  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $2,729,069)

    $ 2,729,069  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $9,557,881) - 139.1% (e)

    $ 8,105,899  
  

Liabilities in Excess of Other Assets - (39.1)%

      (2,279,091 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 5,826,808  
     

 

 

  

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 January 31, 2024.

(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 $3,405,537.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Indxx US Electric and Autonomous Vehicles Index

   

5.4600 % representing

1 month SOFR rate + spread

    Goldman Sachs      12/10/2024        1,911      $ 1,667,034      $ (333,759 ) 

Total return of Indxx US Electric and Autonomous Vehicles Index

   

5.8100 % representing

1 month SOFR rate + spread

    Bank of America Merrill Lynch      12/11/2024        1,994        1,755,988        (366,127 ) 

Total return of Indxx US Electric and Autonomous Vehicles Index

   

5.3100 % representing

1 month SOFR rate + spread

    J.P. Morgan      12/16/2024        5,014        3,828,969        (316,651 ) 
              

 

 

     

 

 

  
               $ 7,251,991      $ (1,016,537 ) 
              

 

 

     

 

 

  

Direxion Daily Energy Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 74.0%

   

Gasoline Stations and Fuel Dealers - 12.9%

   

312,061

   

Chevron Corp.

    $ 46,007,153  
     

 

 

  

Machinery Manufacturing - 1.5%

   

180,204

   

Baker Hughes Co.

      5,135,814  
     

 

 

  

Oil and Gas Extraction - 9.4%

   

54,929

   

APA Corp.

      1,720,926  

134,707

   

Coterra Energy, Inc.

      3,351,510  

114,739

   

Devon Energy Corp.

      4,821,333  

103,655

   

EOG Resources, Inc.

      11,794,902  

73,665

   

EQT Corp.

      2,607,741  

104,807

   

Marathon Oil Corp.

      2,394,840  

118,246

   

Occidental Petroleum Corp.

      6,807,422  
     

 

 

  
        33,498,674  
     

 

 

  

Petroleum and Coal Products Manufacturing - 32.6%

   

211,066

   

ConocoPhillips

      23,611,954  

595,653

   

Exxon Mobil Corp.

      61,239,085  

68,000

   

Marathon Petroleum Corp.

      11,260,800  

78,791

   

Phillips 66

      11,370,329  

60,970

   

Valero Energy Corp.

      8,468,733  
     

 

 

  
        115,950,901  
     

 

 

  

Pipeline Transportation - 2.1%

   

217,857

   

Williams Companies, Inc.

      7,550,924  
     

 

 

  

Support Activities for Mining - 11.8%

   

32,053

   

Diamondback Energy, Inc.

      4,927,828  

160,293

   

Halliburton Co.

      5,714,445  

49,506

   

Hess Corp.

      6,957,078  

41,779

   

Pioneer Natural Resources Co.

      9,602,068  

237,739

   

Schlumberger Ltd. ADR (Curaco)(a)

      11,577,889  

39,930

   

Targa Resources Corp.

      3,392,453  
     

 

 

  
        42,171,761  
     

 

 

  

Utilities - 3.7%

   

346,320

   

Kinder Morgan, Inc.

      5,859,734  

104,322

   

Oneok, Inc.

      7,119,977  
     

 

 

  
        12,979,711  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $251,464,887)

    $ 263,294,938  
     

 

 

  

SHORT TERM INVESTMENTS - 28.4%

   

Money Market Funds - 28.4%

   

87,664,568

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 87,664,568  

13,584,889

   

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      13,584,889  

36,445

   

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      36,445  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $101,285,902)

    $ 101,285,902  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $352,750,789) - 102.4% (c)

    $ 364,580,840  
  

Liabilities in Excess of Other Assets - (2.4)%

      (8,403,679 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 356,177,161  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $190,283,057.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Energy Select Sector Index

   

5.8000 % representing

1 month SOFR rate + spread

    BNP Paribas    12/4/2024      166,830      $ 147,303,539      $ (1,912,219 ) 

Total return of Energy Select Sector Index

   

5.8500 % representing

1 month SOFR rate + spread

    J.P. Morgan    12/16/2024      80,424        68,201,160        1,952,951  

Total return of Energy Select Sector Index

   

5.9500 % representing

1 month SOFR rate + spread

    UBS Securities LLC    12/17/2024      56,865        48,861,820        739,918  

Total return of Energy Select Sector Index

   

5.8100 % representing

1 month SOFR rate + spread

    Barclays    12/23/2024      207,913        183,711,177        (2,138,514 ) 
              

 

 

     

 

 

  
               $ 448,077,696      $ (1,357,864 ) 
              

 

 

     

 

 

  

Direxion Daily Energy Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 106.9%

   
 

Money Market Funds - 106.9%

   
  15,676,149     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 15,676,149  
  1,920,420     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      1,920,420  
  992,274     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      992,274  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $18,588,843) (b)

    $ 18,588,843  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $18,588,843) - 106.9%

    $ 18,588,843  
  

Liabilities in Excess of Other Assets - (6.9)%

      (1,202,444 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 17,386,399  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Represents annualized seven-day yield at January 31, 2024.

(b)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $7,289,878.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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)		  

5.3500% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index   BNP Paribas   12/4/2024     8,292     $ 7,391,503     $ 140,069  

5.5900% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index   J.P. Morgan   12/16/2024     5,452       4,623,405       (134,325 ) 

5.6300% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index   UBS Securities LLC   12/17/2024     15,663       13,681,190       10,999  

5.5100% representing 1 month SOFR rate + spread

   Total return of Energy Select Sector Index   Barclays   12/23/2024     10,241       9,076,291       124,932  
         

 

 

    

 

 

  
          $ 34,772,389     $ 141,675  
         

 

 

    

 

 

  

Direxion Daily Global Clean Energy Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 84.4%

   
  230,007     

iShares Global Clean Energy ETF (a)

    $ 3,176,397  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $3,914,561)

    $ 3,176,397  
     

 

 

  
 

SHORT TERM INVESTMENTS - 19.4%

   
 

Money Market Funds - 19.4%

   
  439,052     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 439,052  
  292,770     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      292,770  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $731,822)

    $ 731,822  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $4,646,383) - 103.8% (c)

    $ 3,908,219  
  

Liabilities in Excess of Other Assets - (3.8)%

      (145,279 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 3,762,940  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

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

(b)

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,484,283.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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   12/11/2024     242,413     $ 3,415,403     $ (66,823 ) 

Total return of The S&P Global Clean Energy Index

  

5.8600 % representing

1 month SOFR rate + spread

   Citibank N.A.   12/19/2024     72,540       1,084,022       (83,245 ) 
         

 

 

    

 

 

  
          $ 4,499,425     $ (150,068 ) 
         

 

 

    

 

 

  

Direxion Daily Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 57.6%

   
  9,961,906     

VanEck® Gold Miners ETF (a)

    $ 278,335,653  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $292,161,673)

    $ 278,335,653  
     

 

 

  
 

SHORT TERM INVESTMENTS - 51.9%

   
 

Money Market Funds - 51.9%

   
  177,433,837     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 177,433,837  
  23,853,988     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      23,853,988  
  49,522,372     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      49,522,372  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $250,810,197)

    $ 250,810,197  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $542,971,870) - 109.5% (c)

    $ 529,145,850  
  

Liabilities in Excess of Other Assets - (9.5)%

      (45,980,674 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 483,165,176  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $399,415,146.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 VanEck®Gold Miners ETF

   6.1000% representing 1 month SOFR rate + spread   BNP Paribas     12/4/2024       4,086,054     $ 121,808,543     $ (7,270,390 ) 

Total return of VanEck®Gold Miners ETF

   6.0600% representing 1 month SOFR rate + spread   Goldman Sachs     12/10/2024       3,100,000       94,302,000       (7,008,124 ) 

Total return of VanEck®Gold Miners ETF

   6.1600% representing 1 month SOFR rate + spread   Bank of America Merrill Lynch     12/11/2024       4,618,364       136,976,985       (7,135,794 ) 

Total return of VanEck®Gold Miners ETF

   5.9900% representing 1 month SOFR rate + spread   J.P. Morgan     12/16/2024       4,488,573       129,091,956       (2,627,087 ) 

Total return of VanEck®Gold Miners ETF

   6.4200% representing 1 month SOFR rate + spread   UBS Securities LLC     12/17/2024       4,105,874       125,785,744       (10,141,708 ) 

Total return of VanEck®Gold Miners ETF

   6.0400% representing 1 month SOFR rate + spread   Citibank N.A.     12/19/2024       4,225,049       129,011,803       (11,849,321 ) 
         

 

 

    

 

 

  
          $ 736,977,031     $ (46,032,424 ) 
         

 

 

    

 

 

  

Direxion Daily Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 116.6%

   
 

Money Market Funds - 116.6%

   
  55,043,832     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 55,043,832  
  18,034,687     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      18,034,687  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $73,078,519) (b)

    $ 73,078,519  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $73,078,519) - 116.6%

    $ 73,078,519  
  

Liabilities in Excess of Other Assets - (16.6)%

      (10,386,087 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 62,692,432  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $31,739,937.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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   12/4/2024     1,108,846     $ 32,422,165     $ 1,530,408  

5.9600% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF   Bank of America Merrill Lynch   12/11/2024     1,084,686       31,544,206       1,197,410  

5.6600% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF   J.P. Morgan   12/16/2024     476,844       13,761,718       308,776  

5.9000% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF   UBS Securities LLC   12/17/2024     961,280       29,501,320       2,447,953  

5.7800% representing 1 month SOFR rate + spread

   Total return of VanEck Vectors® Gold Miners ETF   Citibank N.A.   12/19/2024     855,906       26,673,460       2,929,132  
         

 

 

    

 

 

  
          $ 133,902,869     $ 8,413,679  
         

 

 

    

 

 

  

Direxion Daily Junior Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 43.7%

   
  3,242,231     

VanEck VectorsTM Junior Gold Miners ETF (a)

    $ 109,587,407  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $118,228,506)

    $ 109,587,407  
     

 

 

  
 

SHORT TERM INVESTMENTS - 72.2%

   
 

Money Market Funds - 72.2%

   
  163,347,217     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 163,347,217  
  17,788,026     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      17,788,026  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $181,135,243)

    $ 181,135,243  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $299,363,749) - 115.9% (c)

    $ 290,722,650  
  

Liabilities in Excess of Other Assets - (15.9)%

      (39,681,986 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 251,040,664  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $177,152,689.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 VanEck VectorsTM Junior Gold Miners ETF

   6.1000% representing 1 month SOFR rate + spread   BNP Paribas   12/4/2024     3,791,084     $ 144,674,408     $ (16,908,443 ) 

Total return of VanEck VectorsTM Junior Gold Miners ETF

   5.8600% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     1,600,315       56,015,339       (1,954,887 ) 

Total return of VanEck VectorsTM Junior Gold Miners ETF

   6.2900% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     2,452,244       89,867,430       (7,118,106 ) 

Total return of VanEck VectorsTM Junior Gold Miners ETF

   6.0000% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     3,768,560       140,165,388       (13,784,583 ) 
         

 

 

    

 

 

  
          $ 430,722,565     $ (39,766,019 ) 
         

 

 

    

 

 

  

Direxion Daily Junior Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 109.5%

   
 

Money Market Funds - 109.5%

   
  85,500,238     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 85,500,238  
  23,673,077     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      23,673,077  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $109,173,315) (b)

    $ 109,173,315  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $109,173,315) - 109.5%

    $ 109,173,315  
  

Liabilities in Excess of Other Assets - (9.5)%

      (9,514,367 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 99,658,948  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $45,449,040.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 VectorsTM Junior Gold Miners ETF   BNP Paribas     12/4/2024       1,646,855     $ 62,980,965     $ 7,610,762  

5.6400% representing 1 month SOFR rate + spread

   Total return of VanEck VectorsTM Junior Gold Miners ETF   J.P. Morgan     12/16/2024       1,618,811       58,343,552       3,751,707  

5.8800% representing 1 month SOFR rate + spread

   Total return of VanEck VectorsTM Junior Gold Miners ETF   UBS Securities LLC     12/17/2024       1,403,916       50,846,457       3,459,161  

5.7100% representing 1 month SOFR rate + spread

   Total return of VanEck VectorsTM Junior Gold Miners ETF   Citibank N.A.     12/19/2024       1,227,289       46,217,552       5,091,147  
         

 

 

    

 

 

  
          $ 218,388,526     $ 19,912,777  
         

 

 

    

 

 

  

Direxion Daily NYSE FANG+ Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 43.7%

   
 

Computer and Electronic Product Manufacturing - 18.0%

   
  9,959      Alphabet, Inc. Class A (a)    $ 1,395,256  
  6,669      Apple, Inc.      1,229,764  
  1,212      Broadcom, Inc.      1,430,160  
  2,746      NVIDIA Corp.      1,689,531  
     

 

 

  
        5,744,711  
     

 

 

  
 

General Merchandise Retailers - 4.3%

   
  8,871      Amazon.com, Inc. (a)      1,376,779  
     

 

 

  
 

Motion Picture and Sound Recording Industries - 4.9%

   
  2,751      Netflix, Inc. (a)      1,551,866  
     

 

 

  
 

Professional, Scientific, and Technical Services - 8.9%

   
  3,944      Meta Platforms, Inc. (a)      1,538,712  
  6,717      Snowflake, Inc. (a)      1,314,114  
     

 

 

  
        2,852,826  
     

 

 

  
 

Publishing Industries - 4.4%

   
  3,527      Microsoft Corp.      1,402,265  
     

 

 

  
 

Transportation Equipment Manufacturing - 3.2%

   
  5,517      Tesla Motors, Inc. (a)      1,033,279  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $11,557,500)    $ 13,961,726  
     

 

 

  
 

SHORT TERM INVESTMENTS - 60.9%

   
 

Money Market Funds - 60.9%

   
  17,658,875      Dreyfus Government Cash Management Institutional Shares, 5.23% (b)    $ 17,658,875  
  1,810,004      Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)      1,810,004  
  1      Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)      1  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $19,468,880)    $ 19,468,880  
     

 

 

  
   TOTAL INVESTMENTS (Cost $31,026,380) - 104.6% (c)    $ 33,430,606  
   Liabilities in Excess of Other Assets - (4.6)%      (1,482,335 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 31,948,271  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $12,499,762.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 NYSE FANG+Index

   5.9000% representing 1 month SOFR rate + spread   UBS Securities LLC     12/17/2024       3,527     $ 30,070,633     $ 1,484,573  

Total return of NYSE FANG+Index

   5.9600% representing 1 month SOFR rate + spread   Barclays     12/23/2024       2,015       17,464,123       575,502  
         

 

 

    

 

 

  
          $ 47,534,756     $ 2,060,075  
         

 

 

    

 

 

  

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

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 48.9%

   
  570,119      Global X Robotics & Artificial Intelligence ETF (a)    $ 16,294,001  
     

 

 

  
   TOTAL INVESTMENT COMPANIES (Cost $15,441,887)    $ 16,294,001  
     

 

 

  
 

SHORT TERM INVESTMENTS - 54.7%

   
 

Money Market Funds - 54.7%

   
  10,424,026      Dreyfus Government Cash Management Institutional Shares, 5.23% (b)    $ 10,424,026  
  1,169,299      Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)      1,169,299  
  6,637,540      Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)      6,637,540  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $18,230,865)    $ 18,230,865  
     

 

 

  
   TOTAL INVESTMENTS (Cost $33,672,752) - 103.6% (c)    $ 34,524,866  
   Liabilities in Excess of Other Assets - (3.6)%      (1,202,936 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 33,321,930  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $9,635,891.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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

   6.0100% representing 1 month SOFR rate + spread   J.P. Morgan     12/16/2024       404,156     $ 10,904,129     $ 556,990  

Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index

   6.1000% representing 1 month SOFR rate + spread   UBS Securities LLC     12/17/2024       407,126       11,171,588       366,359  

Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index

   5.9100% representing 1 month SOFR rate + spread   Citibank N.A.     12/19/2024       748,089       21,180,211       77,772  

Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index

   6.0600% representing 1 month SOFR rate + spread   Barclays     12/23/2024       202,371       5,648,175       96,336  
         

 

 

    

 

 

  
          $ 48,904,103     $ 1,097,457  
         

 

 

    

 

 

  

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

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 60.3%

   
 

Gasoline Stations and Fuel Dealers - 2.6%

   
  47,432      Chevron Corp.    $ 6,992,900  
  179,877      Delek US Holdings, Inc.      4,862,075  
     

 

 

  
        11,854,975  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 0.1%

   
  8,259      REX American Resources Corp. (a)      341,840  
     

 

 

  
 

Merchant Wholesalers, Nondurable Goods - 0.4%

   
  69,699      World Fuel Services Corp.      1,573,106  
     

 

 

  
 

Mining (except Oil and Gas) - 1.5%

   
  341,339      CNX Resources Corp. (a)      6,895,048  
     

 

 

  
 

Oil and Gas Extraction - 29.0%

   
  327,146      Antero Resources Corp. (a)      7,308,442  
  198,542      APA Corp.      6,220,321  
  127,144      Berry Petroleum Corp.      853,136  
  249,895      Clean Energy Fuels Corp. (a)      737,190  
  601,029      Comstock Resources Inc.      4,694,036  
  277,081      Coterra Energy, Inc.      6,893,775  
  91,338      Crescent Energy Co.      1,009,285  
  155,228      Devon Energy Corp.      6,522,680  
  57,529      EOG Resources, Inc.      6,546,225  
  184,319      EQT Corp.      6,524,893  
  162,894      Green Plains, Inc. (a)      3,376,793  
  677,380      Kosmos Energy Ltd. (a)      4,104,923  
  264,523      Magnolia Oil & Gas Corp.      5,454,464  
  284,098      Marathon Oil Corp.      6,491,639  
  126,450      Matador Resources Co.      6,940,840  
  165,554      Murphy Oil Corp.      6,406,940  
  185,780      Northern Oil and Gas, Inc.      6,223,630  
  43,301      Oasis Petroleum, Inc.      6,657,962  
  121,198      Occidental Petroleum Corp.      6,977,369  
  118,001      Par Pacific Holdings, Inc. (a)      4,317,657  
  230,437      Range Resources Corp.      6,691,890  
  54,351      SilverBow Resources, Inc. (a)      1,443,563  
  77,886      Sitio Royalties Corp.      1,661,308  
  192,411      SM Energy Co.      7,134,600  
  1,103,848      Southwestern Energy Co. (a)      7,119,820  
  181,081      Talos Energy, Inc. (a)      2,348,621  
  2,823,019      Tellurian, Inc. (a)      1,414,332  
  106,045      VAALCO Energy, Inc.      451,752  
  29,846      Vitesse Energy, Inc.      627,064  
  405,798      W&T Offshore, Inc.      1,233,626  
     

 

 

  
        134,388,776  
     

 

 

  
 

Petroleum and Coal Products Manufacturing - 13.5%

   
  61,069      ConocoPhillips      6,831,789  
  135,403      CVR Energy, Inc.      4,567,143  
  68,745      Exxon Mobil Corp.      7,067,673  
  129,930      HF Sinclair Corp.      7,339,746  
  47,850      Marathon Petroleum Corp.      7,923,960  
  167,015      PBF Energy, Inc.      8,435,928  
  54,613      Phillips 66      7,881,202  
  55,759      Valero Energy Corp.      7,744,925  
  109,940      Vital Energy, Inc. (a)      4,818,670  
     

 

 

  
        62,611,036  
     

 

 

  
 

Printing and Related Support Activities - 1.5%

   
  528,487      Permian Resources Corp.      7,124,005  
     

 

 

  
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.4%

   
  4,435      Texas Pacific Land Corp.      6,480,999  
     

 

 

  
 

Support Activities for Mining - 10.3%

   
  68,432      California Resources Corp.      3,262,838  
  228,283      Callon Petroleum Co. (a)      7,332,450  
  99,119      Civitas Resources, Inc.      6,423,902  
  46,021      Diamondback Energy, Inc.      7,075,269  
  18,542      Gulfport Energy Corp. (a)      2,352,980  
  50,893      Hess Corp.      7,151,993  
  164,405      Ovintiv, Inc.      6,974,060  
  30,689      Pioneer Natural Resources Co.      7,053,253  
     

 

 

  
        47,626,745  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $306,487,534)    $ 278,896,530  
     

 

 

  
 

SHORT TERM INVESTMENTS - 44.2%

   
 

Money Market Funds - 44.2%

   
  156,262,013      Dreyfus Government Cash Management Institutional Shares, 5.23% (b)    $ 156,262,013  
  6,826,185      Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)      6,826,185  
  41,514,691      Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)      41,514,691  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $204,602,889)    $ 204,602,889  
     

 

 

  
   TOTAL INVESTMENTS (Cost $511,090,423) - 104.5% (c)    $ 483,499,419  
   Liabilities in Excess of Other Assets - (4.5)%      (20,231,973 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 463,267,446  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $326,648,874.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Oil & Gas Exploration & Production Select Industry Index

   5.8500% representing 1 month SOFR rate + spread   BNP Paribas     12/4/2024       8,815     $ 46,522,573     $ (1,570,578 ) 

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

   5.8500% representing 1 month SOFR rate + spread   Goldman Sachs     12/10/2024       28,596       143,632,882       2,349,469  

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     12/11/2024       35,098       178,835,581       562,448  

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

   5.7000% representing 1 month SOFR rate + spread   J.P. Morgan     12/16/2024       8,964       44,570,173       1,233,574  

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

   5.6700% representing 1 month SOFR rate + spread   UBS Securities LLC     12/17/2024       14,328       73,223,885       (20,961 ) 

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

   5.7500% representing 1 month SOFR rate + spread   Citibank N.A.     12/19/2024       30,319       160,942,954       (6,234,897 ) 
         

 

 

    

 

 

  
          $ 647,728,048     $ (3,680,945 ) 
         

 

 

    

 

 

  

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

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 99.5%

   
 

Money Market Funds - 99.5%

   
  32,834,274      Dreyfus Government Cash Management Institutional Shares, 5.23% (a)    $ 32,834,274  
  2,742,755      Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)      2,742,755  
  14,595,994      Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)      14,595,994  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $50,173,023) (b)    $ 50,173,023  
     

 

 

  
   TOTAL INVESTMENTS (Cost $50,173,023) - 99.5%    $ 50,173,023  
   Other Assets in Excess of Liabilities - 0.5%      228,338  
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 50,401,361  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $21,831,747.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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)		  

5.6100% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index   Goldman Sachs     12/10/2024       3,034     $ 15,359,039     $ (164,121 ) 

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     12/11/2024       2,834       14,939,374       441,647  

5.4600% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index   J.P. Morgan     12/16/2024       2,397       11,918,196       (334,588 ) 

5.3600% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index   UBS Securities LLC     12/17/2024       5,364       27,893,487       484,977  

5.4500% representing 1 month SOFR rate + spread

   Total return of S&P Oil & Gas Exploration & Production Select Industry Index   Citibank N.A.     12/19/2024       6,001       31,773,987       1,122,228  
         

 

 

    

 

 

  
          $ 101,884,083     $ 1,550,143  
         

 

 

    

 

 

  

Direxion Daily Travel & Vacation Bull 2X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 70.8%

   

Accommodation - 29.3%

   

3,392

    Airbnb, Inc. (a)    $ 488,923  

5,930

    Apple Hospitality REIT, Inc.      95,236  

1,886

    Boyd Gaming Co.      119,742  

3,133

    Caesars Entertainment Inc. (a)      137,445  

1,071

    Choice Hotels International, Inc.      129,719  

2,304

    Hilton Grand Vacations, Inc. (a)      96,077  

2,731

    Hilton Worldwide Holdings, Inc.      521,512  

9,692

    Host Hotels & Resorts, Inc.      186,280  

4,456

    Huazhu Group Ltd. ADR      141,567  

905

    Hyatt Hotels Corp.      116,175  

2,358

    InterContinental Hotels Group PLC ADR (United Kingdom)      224,623  

6,813

    Las Vegas Sands Corp.      333,292  

2,241

    Marriott International, Inc. Class A      537,235  

10,583

    Melco Crown Entertainment Ltd. ADR (a)      82,653  

4,559

    MGM Resorts International (a)      197,724  

6,096

    Park Hotels & Resorts, Inc.      91,928  

3,839

    Penn National Gaming, Inc. (a)      86,569  

8,146

    Sunstone Hotel Investors, Inc.      86,918  

2,386

    Travel + Leisure Co.      96,442  

608

    Vail Resorts, Inc.      134,976  

1,794

    Wyndham Hotels & Resorts, Inc.      139,806  
     

 

 

  
        4,044,842  
     

 

 

  

Administrative and Support Services - 9.9%

   

146

    Booking Holdings, Inc. (a)      512,091  

2,463

    Live Nation Entertainment, Inc. (a)      218,838  

2,131

    MakeMyTrip Ltd. ADR (India)(a)      118,036  

2,536

    Royal Caribbean Cruises Ltd. ADR (Liberia)(a)      323,340  

3,309

    Six Flags Entertainment Corp. (a)      83,420  

4,794

    TripAdvisor, Inc. (a)      103,550  
     

 

 

  
        1,359,275  
     

 

 

  

Air Transportation - 11.6%

   

3,173

    Alaska Air Group, Inc. (a)      113,689  

1,000

    Allegiant Travel Co.      78,400  

11,944

    American Airlines Group, Inc. (a)      169,963  

875

    Copa Holdings SA ADR (Panama)      84,052  

8,588

    Delta Air Lines, Inc.      336,134  

16,748

    JetBlue Airways Corp. (a)      88,932  

2,120

    Ryanair Holdings PLC ADR (Ireland)      283,232  

7,503

    Southwest Airlines Co.      224,265  

5,751

    Spirit Airlines, Inc.      36,174  

4,619

    United Continental Holdings, Inc. (a)      191,134  
     

 

 

  
        1,605,975  
     

 

 

  

Amusement, Gambling, and Recreation Industries - 5.4%

   

1,620

    SeaWorld Entertainment, Inc. (a)      80,028  

5,016

    The Walt Disney Co.      481,787  

1,907

    Wynn Resorts Ltd.      180,078  
     

 

 

  
        741,893  
     

 

 

  

Management of Companies and Enterprises - 5.5%

   

16,086

    Carnival Corp. ADR (Panama)(a)      266,706  

8,030

    Norwegian Cruise Line Holdings Ltd. ADR (a)      142,934  

9,398

    Trip.com Group Ltd. ADR (China)(a)      343,591  
     

 

 

  
        753,231  
     

 

 

  

Performing Arts, Spectator Sports, and Related Industries - 1.1%

   

1,205

    Churchill Downs, Inc.      145,769  
     

 

 

  

Real Estate - 5.9%

   

3,839

    Gaming & Leisure Properties, Inc.      175,250  

1,142

    Marriott Vacations Worldwide Corp.      95,802  

5,511

    Pebblebrook Hotel Trust      83,878  

1,225

    Ryman Hospitality Properties, Inc.      134,628  

10,891

    VICI Properties, Inc.      328,037  
     

 

 

  
        817,595  
     

 

 

  

Support Activities for Transportation - 2.1%

   

1,977

    Expedia, Inc. (a)      293,247  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $10,761,698)    $ 9,761,827  
     

 

 

  

SHORT TERM INVESTMENTS - 31.4%

   

Money Market Funds - 31.4%

   

2,417,944

    Dreyfus Government Cash Management Institutional Shares, 5.23% (b)    $ 2,417,944  

2

    Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)      2  

1,920,250

    Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)      1,920,250  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $4,338,196)    $ 4,338,196  
     

 

 

  
   TOTAL INVESTMENTS (Cost $15,099,894) - 102.2% (c)    $ 14,100,023  
   Liabilities in Excess of Other Assets - (2.2)%      (303,103 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 13,796,920  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $7,540,720.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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     12/11/2024       60,413     $ 8,817,554     $ 233,001  

Total return of BlueStar® Travel and Vacation Index

   6.0100% representing 1 month SOFR rate + spread   J.P. Morgan     12/16/2024       57,939       8,574,972       100,956  
         

 

 

    

 

 

  
          $ 17,392,526     $ 333,957  
         

 

 

    

 

 

  

Direxion Daily Mid Cap Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

INVESTMENT COMPANIES - 70.6%

   

166,391

   

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

    $ 45,314,925  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $42,786,451)

    $ 45,314,925  
     

 

 

  

SHORT TERM INVESTMENTS - 34.5%

   

Money Market Funds - 34.5%

   

13,599,341

   

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 13,599,341  

8,550,646

   

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      8,550,646  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $22,149,987)

    $ 22,149,987  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $64,936,438) - 105.1% (c)

    $ 67,464,912  
  

Liabilities in Excess of Other Assets - (5.1)%

      (3,242,367 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 64,222,545  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

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

(b)

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $43,926,307.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 MidCap 400® Index

   5.9600% representing 1 month SOFR rate + spread   Bank of America Merrill Lynch   12/11/2024     8,013     $ 21,501,654     $ 270,407  

Total return of S&P MidCap 400® Index

   5.7900% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     13,724       36,262,749       1,023,740  

Total return of S&P MidCap 400® Index

   5.8500% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     11,072       29,994,271       93,893  

Total return of S&P MidCap 400® Index

   5.7100% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     21,125       58,102,833       (702,390 ) 
         

 

 

    

 

 

  
          $ 145,861,507     $ 685,650  
         

 

 

    

 

 

  

Direxion Daily S&P 500® Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 62.0%

   

Accommodation - 0.3%

   

24,638

   

Airbnb, Inc. (a)

    $ 3,551,321  

12,217

   

Caesars Entertainment Inc. (a)

      535,960  

14,570

   

Hilton Worldwide Holdings, Inc.

      2,782,287  

39,952

   

Host Hotels & Resorts, Inc.

      767,878  

20,908

   

Las Vegas Sands Corp.

      1,022,819  

13,955

   

Marriott International, Inc. Class A

      3,345,432  

15,507

   

MGM Resorts International (a)

      672,539  
     

 

 

  
        12,678,236  
     

 

 

  

Administrative and Support Services - 1.6%

   

4,998

   

Allegion PLC ADR (Ireland)

      619,202  

81,900

   

Amcor PLC ADR (United Kingdom)

      772,317  

23,305

   

Automatic Data Processing, Inc.

      5,727,903  

1,961

   

Booking Holdings, Inc. (a)

      6,878,149  

6,665

   

Broadridge Financial Solutions, Inc.

      1,360,993  

6,976

   

Equifax, Inc.

      1,704,516  

2,133

   

FactSet Research System, Inc.

      1,015,137  

4,116

   

FleetCor Technologies, Inc. (a)

      1,193,352  

4,438

   

Gartner, Inc. (a)

      2,030,119  

16,494

   

Iron Mountain, Inc.

      1,113,675  

8,034

   

Live Nation Entertainment, Inc. (a)

      713,821  

8,905

   

Moody’s Corp.

      3,491,116  

5,987

   

Robert Half International, Inc.

      476,206  

15,932

   

Rollins, Inc.

      690,015  

13,348

   

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

      1,701,870  

90,304

   

Visa, Inc. Class A

      24,676,471  

20,788

   

Waste Management, Inc.

      3,858,876  
     

 

 

  
        58,023,738  
     

 

 

  

Air Transportation - 0.1%

   

37,071

   

American Airlines Group, Inc. (a)

      527,520  

36,463

   

Delta Air Lines, Inc.

      1,427,162  

33,772

   

Southwest Airlines Co.

      1,009,445  

18,580

   

United Continental Holdings, Inc. (a)

      768,841  
     

 

 

  
        3,732,968  
     

 

 

  

Ambulatory Health Care Services - 0.1%

   

3,035

   

DaVita, Inc. (a)

      328,265  

4,784

   

Laboratory Corp. of America Holdings

      1,063,483  

3,315

   

Molina Healthcare, Inc. (a)

      1,181,599  

6,362

   

Quest Diagnostics, Inc.

      817,072  

67,955

   

Viatris, Inc.

      799,830  
     

 

 

  
        4,190,249  
     

 

 

  

Amusement, Gambling, and Recreation Industries - 0.3%

   

14,732

   

Global Payments, Inc.

      1,962,745  

103,661

   

The Walt Disney Co.

      9,956,639  

5,447

   

Wynn Resorts Ltd.

      514,360  
     

 

 

  
        12,433,744  
     

 

 

  

Apparel Manufacturing - 0.1%

   

6,515

   

Lululemon Athletica, Inc. (a)

      2,956,637  

2,260

   

Ralph Lauren Corp.

      324,694  

18,734

   

VF Corp.

      308,362  
     

 

 

  
        3,589,693  
     

 

 

  

Beverage and Tobacco Product Manufacturing - 1.2%

   

100,201

   

Altria Group, Inc.

      4,020,064  

220,425

   

Coca-Cola Co.

      13,113,083  

9,173

   

Constellation Brands, Inc. Class A

      2,248,119  

57,044

   

Keurig Dr Pepper, Inc.

      1,793,463  

10,492

   

Molson Coors Brewing Co. Class B

      648,301  

41,861

   

Monster Beverage Corp. (a)

      2,303,192  

77,905

   

PepsiCo, Inc.

      13,129,330  

87,919

   

Philip Morris International, Inc.

      7,987,441  
     

 

 

  
        45,242,993  
     

 

 

  

Broadcasting and Content Providers - 0.4%

   

5,708

   

Charter Communications, Inc. (a)

      2,116,013  

227,543

   

Comcast Corp. Class A

      10,589,851  

13,994

   

FOX Corp. Class A

      452,006  

7,467

   

FOX Corp. Class B

      224,085  

27,307

   

Paramount Global Class B

      398,409  

125,706

   

Warner Bros Discovery, Inc. (a)

      1,259,574  
     

 

 

  
        15,039,938  
     

 

 

  

Building Material and Garden Equipment and Supplies Dealers - 0.8%

   

32,705

   

Lowe’s Companies, Inc.

      6,960,932  

2,957

   

Snap-on, Inc.

      857,323  

56,618

   

The Home Depot, Inc.

      19,983,889  

6,129

   

Tractor Supply Co.

      1,376,574  
     

 

 

  
        29,178,718  
     

 

 

  

Chemical Manufacturing - 4.8%

   

99,993

   

AbbVie, Inc.

      16,438,849  

12,566

   

Air Products & Chemicals, Inc.

      3,213,252  

6,644

   

Albemarle Corp.

      762,333  

30,316

   

Amgen, Inc.

      9,527,106  

8,224

   

Biogen, Inc. (a)

      2,028,532  

8,955

   

Bio-Techne Corp.

      629,716  

115,243

   

Bristol-Myers Squibb Co.

      5,631,925  

10,192

   

Catalent, Inc. (a)

      526,315  

5,675

   

Celanese Corp.

      830,196  

10,804

   

CF Industries Holdings, Inc.

      815,810  

13,932

   

Church & Dwight Co., Inc.

      1,391,110  

7,011

   

Clorox Co.

      1,018,348  

46,619

   

Colgate-Palmolive Co.

      3,925,320  

24,367

   

DuPont de Nemours, Inc.

      1,505,881  

6,731

   

Eastman Chemical Co.

      562,375  

14,343

   

Ecolab, Inc.

      2,843,069  

45,133

   

Eli Lilly and Company

      29,138,316  

7,056

   

FMC Corp.

      396,547  

70,597

   

Gilead Sciences, Inc.

      5,524,921  

10,560

   

Incyte Corp. (a)

      620,611  

32,390

   

IntercontinentalExchange, Inc.

      4,124,219  

14,487

   

International Flavors & Fragrances, Inc.

      1,168,811  

97,636

   

Kenvue, Inc.

      2,026,923  

19,138

   

Kimberly-Clark Corp.

      2,315,124  

27,494

   

Linde PLC ADR (Ireland)

      11,130,396  

14,557

   

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

      1,370,105  

143,566

   

Merck & Co., Inc.

      17,339,901  

18,523

   

Mosaic Co.

      568,841  

319,897

   

Pfizer, Inc.

      8,662,811  

13,352

   

PPG Industries, Inc.

      1,883,166  

133,547

   

Procter & Gamble Co.

      20,985,576  

6,023

   

Regeneron Pharmaceuticals, Inc. (a)

      5,678,364  

14,626

   

Vertex Pharmaceuticals, Inc. (a)

      6,338,616  

4,165

   

West Pharmaceutical Services, Inc.

      1,553,670  

26,009

   

Zoetis, Inc.

      4,884,750  
     

 

 

  
        177,361,805  
     

 

 

  

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.3%

   

12,897

   

Bath & Body Works, Inc.

      550,186  

19,163

   

Ross Stores, Inc.

      2,688,186  

64,820

   

TJX Companies, Inc.

      6,152,066  
     

 

 

  
        9,390,438  
     

 

 

  

Computer and Electronic Product Manufacturing - 13.9%

   

91,522

   

Advanced Micro Devices, Inc. (a)

      15,347,324  

16,565

   

Agilent Technologies, Inc.

      2,155,106  

335,274

   

Alphabet, Inc. Class A (a)

      46,971,887  

282,180

   

Alphabet, Inc. Class C (a)

      40,013,124  

13,051

   

AMETEK, Inc.

      2,114,915  

33,925

   

Amphenol Corp. Class A

      3,429,817  

28,204

   

Analog Devices, Inc.

      5,425,321  

828,246

   

Apple, Inc.

      152,728,562  

14,284

   

Arista Networks, Inc. (a)

      3,694,985  

1,145

   

Bio-Rad Laboratories, Inc. (a)

      367,419  

24,878

   

Broadcom, Inc.

      29,356,040  

229,453

   

Cisco Systems, Inc.

      11,513,952  

37,243

   

Danaher Corp.

      8,934,968  

7,709

   

Enphase Energy, Inc. (a)

      802,738  

36,120

   

Fortinet, Inc. (a)

      2,329,379  

19,942

   

Fortive Corp.

      1,559,066  

22,197

   

GE HealthCare Technologies, Inc.

      1,628,372  

13,875

   

Hologic, Inc. (a)

      1,032,855  

49,261

   

HP, Inc.

      1,414,283  

4,708

   

IDEXX Laboratories, Inc. (a)

      2,424,997  

9,041

   

Illumina, Inc. (a)

      1,292,953  

238,833

   

Intel Corp.

      10,288,926  

51,771

   

International Business Machines Corp.

      9,508,262  

7,260

   

Jabil Circuit, Inc.

      909,605  

10,065

   

Keysight Technologies, Inc. (a)

      1,542,562  

10,765

   

L3 Harris Technologies, Inc.

      2,243,641  

30,637

   

Microchip Technology, Inc.

      2,609,660  

62,247

   

Micron Technology, Inc.

      5,337,680  

2,758

   

Monolithic Power Systems, Inc.

      1,662,302  

9,395

   

Motorola Solutions, Inc.

      3,001,703  

11,829

   

NetApp, Inc.

      1,031,489  

8,025

   

Northrop Grumman Corp.

      3,585,249  

139,930

   

NVIDIA Corp.

      86,094,731  

14,608

   

NXP Semiconductors NV ADR (Netherlands)

      3,076,007  

24,403

   

ON Semiconductor Corp. (a)

      1,735,785  

23,140

   

Otis Worldwide Corp.

      2,046,502  

6,988

   

PerkinElmer, Inc.

      748,974  

5,485

   

Qorvo, Inc. (a)

      547,074  

63,075

   

Qualcomm, Inc.

      9,367,268  

81,484

   

Raytheon Technologies Corp.

      7,424,822  

6,051

   

Roper Technologies, Inc.

      3,249,387  

10,993

   

Seagate Technology Holdings PLC ADR (Ireland)

      941,880  

9,059

   

Skyworks Solutions, Inc.

      946,303  

8,679

   

Teradyne, Inc.

      838,305  

51,465

   

Texas Instruments, Inc.

      8,240,576  

21,853

   

Thermo Fisher Scientific, Inc.

      11,778,330  

14,138

   

Trimble, Inc. (a)

      719,059  

3,342

   

Waters Corp. (a)

      1,061,787  

18,367

   

Western Digital Corp. (a)

      1,051,511  

2,904

   

Zebra Technologies Corp. Class A (a)

      695,653  
     

 

 

  
        516,823,096  
     

 

 

  

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.1%

   

33,995

   

Fiserv, Inc. (a)

      4,822,871  
     

 

 

  

Construction of Buildings - 0.2%

   

17,081

   

D.R. Horton, Inc.

      2,441,046  

14,180

   

Lennar Corp. Class A

      2,124,873  

228

   

NVR, Inc. (a)

      1,613,166  

12,209

   

PulteGroup, Inc.

      1,276,573  
     

 

 

  
        7,455,658  
     

 

 

  

Couriers and Messengers - 0.2%

   

13,089

   

FedEx Corp.

      3,158,245  

40,989

   

United Parcel Service, Inc. Class B

      5,816,339  
     

 

 

  
        8,974,584  
     

 

 

  

Credit Intermediation and Related Activities - 3.1%

   

32,609

   

American Express Co.

      6,545,931  

390,063

   

Bank of America Corp.

      13,266,043  

43,564

   

Bank of New York Mellon Corp.

      2,416,059  

21,598

   

Capital One Financial Corp.

      2,922,641  

108,438

   

Citigroup, Inc.

      6,090,963  

26,407

   

Citizens Financial Group, Inc.

      863,509  

7,463

   

Comerica, Inc.

      392,405  

14,174

   

Discover Financial Services

      1,495,641  

33,562

   

Fidelity National Information Services, Inc.

      2,089,570  

38,570

   

Fifth Third Bancorp

      1,320,637  

82,006

   

Huntington Bancshares, Inc.

      1,043,936  

163,773

   

JPMorgan Chase & Co.

      28,555,460  

53,081

   

KeyCorp

      771,267  

9,395

   

M&T Bank Corp.

      1,297,450  

46,910

   

MasterCard, Inc. Class A

      21,073,379  

11,719

   

Northern Trust Corp.

      933,301  

22,594

   

PNC Financial Services Group, Inc.

      3,416,439  

52,717

   

Regions Financial Corp.

      984,226  

17,480

   

State Street Corp.

      1,291,248  

23,466

   

Synchrony Financial

      912,123  

75,570

   

Truist Financial Corp.

      2,800,624  

88,254

   

U.S. Bancorp

      3,666,071  

205,768

   

Wells Fargo & Co.

      10,325,438  

8,379

   

Zions Bancorp

      351,080  
     

 

 

  
        114,825,441  
     

 

 

  

Electrical Equipment, Appliance, and Component Manufacturing - 0.3%

   

6,998

   

A.O. Smith Corp.

      543,115  

4,019

   

Axon Enterprise, Inc. (a)

      1,000,972  

32,286

   

Emerson Electric Co.

      2,961,595  

3,459

   

Generac Holdings, Inc. (a)

      393,185  

6,530

   

Rockwell Automation, Inc.

      1,653,918  

17,601

   

TE Connectivity Ltd. ADR (Switzerland)

      2,502,686  

3,104

   

Whirlpool Corp.

      339,950  
     

 

 

  
        9,395,421  
     

 

 

  

Fabricated Metal Product Manufacturing - 0.1%

   

17,845

   

Ball Corp.

      989,505  

13,893

   

Nucor Corp.

      2,597,019  

9,357

   

Pentair PLC ADR (Ireland)

      684,652  

8,688

   

Stanley Black & Decker, Inc.

      810,590  
     

 

 

  
        5,081,766  
     

 

 

  

Food and Beverage Retailers - 0.0% (†)

   

37,522

   

Kroger Co.

      1,731,265  
     

 

 

  

Food Manufacturing - 0.5%

   

30,206

   

Archer-Daniels-Midland Co.

      1,678,849  

8,252

   

Bunge Global SA ADR (Switzerland)

      726,919  

11,150

   

Campbell Soup Co.

      497,625  

32,942

   

General Mills, Inc.

      2,138,265  

16,391

   

Hormel Foods Corp.

      497,795  

14,976

   

Kellanova

      820,086  

8,226

   

Lamb Weston Holdings, Inc.

      842,671  

14,226

   

McCormick & Co, Inc.

      969,644  

77,048

   

Mondelez International, Inc.

      5,799,403  

8,486

   

The Hershey Co.

      1,642,380  

6,002

   

The J.M. Smucker Co.

      789,563  

45,153

   

The Kraft Heinz Co.

      1,676,531  

16,162

   

Tyson Foods, Inc. Class A

      885,031  
     

 

 

  
        18,964,762  
     

 

 

  

Food Services and Drinking Places - 0.7%

   

1,543

   

Chipotle Mexican Grill, Inc. (a)

      3,716,732  

6,815

   

Darden Restaurants, Inc.

      1,107,983  

1,996

   

Domino’s Pizza, Inc.

      850,735  

41,106

   

McDonald’s Corp.

      12,032,548  

64,766

   

Starbucks Corp.

      6,025,181  

12,434

   

Veralto Corp.

      953,564  

15,892

   

Yum! Brands, Inc.

      2,057,855  
     

 

 

  
        26,744,598  
     

 

 

  

Funds, Trusts, and Other Financial Vehicles - 0.1%

   

8,692

   

Garmin Ltd. ADR (Switzerland)

      1,038,607  

12,644

   

T. Rowe Price Group, Inc.

      1,371,242  
     

 

 

  
        2,409,849  
     

 

 

  

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0% (†)

   

10,983

   

Best Buy Co., Inc.

      796,158  
     

 

 

  

Gasoline Stations and Fuel Dealers - 0.4%

   

99,489

   

Chevron Corp.

      14,667,663  
     

 

 

  

General Merchandise Retailers - 3.2%

   

515,186

   

Amazon.com, Inc. (a)

      79,956,867  

25,077

   

Costco Wholesale Corp.

      17,425,506  

12,448

   

Dollar General Corp.

      1,644,007  

11,844

   

Dollar Tree, Inc. (a)

      1,547,063  

29,412

   

eBay, Inc.

      1,207,951  

6,792

   

Etsy, Inc. (a)

      452,076  

26,139

   

Target Corp.

      3,635,412  

80,832

   

Wal-Mart Stores, Inc.

      13,357,488  
     

 

 

  
        119,226,370  
     

 

 

  

Health and Personal Care Retailers - 0.2%

   

72,748

   

CVS Health Corp.

      5,410,269  

2,823

   

Ulta Beauty, Inc. (a)

      1,417,287  

40,623

   

Walgreens Boots Alliance, Inc.

      916,861  
     

 

 

  
        7,744,417  
     

 

 

  

Hospitals - 0.1%

   

11,220

   

HCA Healthcare, Inc.

      3,420,978  

3,429

   

Universal Health Services, Inc. Class B

      544,559  
     

 

 

  
        3,965,537  
     

 

 

  

Insurance Carriers and Related Activities - 3.6%

   

30,138

   

Aflac, Inc.

      2,541,839  

14,792

   

Allstate Corp.

      2,296,458  

39,784

   

American International Group, Inc.

      2,765,386  

11,334

   

Aon PLC ADR (United Kingdom)

      3,382,406  

21,167

   

Arch Capital Group Ltd. ADR (a)

      1,744,796  

12,219

   

Arthur J. Gallagher & Co.

      2,836,763  

2,943

   

Assurant, Inc.

      494,277  

103,078

   

Berkshire Hathaway, Inc. Class B (a)

      39,555,152  

13,381

   

Brown & Brown, Inc.

      1,037,830  

30,273

   

Centene Corp. (a)

      2,279,860  

23,098

   

Chubb Limited ADR (Switzerland)

      5,659,010  

16,568

   

Cigna Corp.

      4,986,139  

8,890

   

Cincinnati Financial Corp.

      985,012  

13,321

   

Elevance Health, Inc.

      6,573,114  

2,452

   

Everest Re Group Ltd. ADR

      943,946  

4,873

   

Globe Life, Inc.

      598,502  

17,039

   

Hartford Financial Services Group, Inc.

      1,481,711  

6,967

   

Humana, Inc.

      2,633,944  

10,370

   

Loews Corp.

      755,558  

27,967

   

Marsh & McLennan Companies, Inc.

      5,421,123  

35,252

   

MetLife, Inc.

      2,443,669  

12,438

   

Principal Financial Group, Inc.

      983,846  

33,140

   

Progressive Corp.

      5,907,205  

20,436

   

Prudential Financial, Inc.

      2,144,349  

12,939

   

Travelers Companies, Inc.

      2,734,787  

52,370

   

UnitedHealth Group, Inc.

      26,799,824  

11,560

   

W.R. Berkley Corp.

      946,533  

5,869

   

Willis Towers Watson PLC ADR (Ireland)

      1,445,535  
     

 

 

  
        132,378,574  
     

 

 

  

Leather and Allied Product Manufacturing - 0.2%

   

69,371

   

NIKE, Inc. Class B

      7,043,238  

12,985

   

Tapestry, Inc.

      503,688  
     

 

 

  
        7,546,926  
     

 

 

  

Machinery Manufacturing - 1.5%

   

47,399

   

Applied Materials, Inc.

      7,787,656  

57,005

   

Baker Hughes Co.

      1,624,642  

47,536

   

Carrier Global Corp.

      2,600,695  

28,894

   

Caterpillar, Inc.

      8,677,157  

8,025

   

Cummins, Inc.

      1,920,382  

15,156

   

Deere & Co.

      5,965,098  

61,666

   

General Electric Co.

      8,165,812  

4,240

   

IDEX Corp.

      896,760  

22,943

   

Ingersoll Rand, Inc.

      1,832,228  

7,457

   

Lam Research Corp.

      6,153,293  

1,199

   

Mettler-Toledo International, Inc. (a)

      1,435,431  

3,057

   

Nordson Corp.

      769,508  

7,242

   

Parker Hannifin Corp.

      3,363,909  

12,939

   

Trane Technologies PLC ADR (Ireland)

      3,261,275  

13,706

   

Xylem, Inc.

      1,541,103  
     

 

 

  
        55,994,949  
     

 

 

  

Management of Companies and Enterprises - 0.3%

   

98,315

   

Abbott Laboratories

      11,124,342  

57,049

   

Carnival Corp. ADR (Panama) (a)

      945,873  

24,084

   

Norwegian Cruise Line Holdings Ltd. ADR (a)

      428,695  
     

 

 

  
        12,498,910  
     

 

 

  

Merchant Wholesalers, Durable Goods - 0.6%

   

6,988

   

Builders FirstSource, Inc. (a)

      1,214,025  

4,924

   

Cintas Corp.

      2,976,903  

49,504

   

Copart, Inc. (a)

      2,378,172  

32,374

   

Fastenal Co.

      2,208,878  

7,927

   

Genuine Parts Co.

      1,111,603  

7,415

   

Henry Schein, Inc. (a)

      554,939  

3,018

   

Hubbell, Inc.

      1,012,750  

2,258

   

Huntington Ingalls Industries, Inc.

      584,641  

38,552

   

Johnson Controls International PLC ADR (Ireland)

      2,031,305  

7,696

   

KLA-Tencor Corp.

      4,571,732  

15,156

   

LKQ Corp.

      707,331  

2,962

   

Mohawk Industries, Inc. (a)

      308,788  

2,182

   

Pool Corp.

      810,068  

2,457

   

W.W. Grainger, Inc.

      2,200,587  

14,568

   

WestRock Co.

      586,508  
     

 

 

  
        23,258,230  
     

 

 

  

Merchant Wholesalers, Nondurable Goods - 0.5%

   

10,364

   

Brown Forman Corp. Class B

      568,984  

13,939

   

Cardinal Health, Inc.

      1,521,999  

9,483

   

Cencora, Inc.

      2,206,505  

27,122

   

ConAgra Brands, Inc.

      790,606  

15,489

   

Illinois Tool Works, Inc.

      4,041,080  

7,534

   

McKesson Corp.

      3,766,171  

28,545

   

Sysco Corp.

      2,310,147  

13,353

   

The Sherwin Williams Co.

      4,064,386  
     

 

 

  
        19,269,878  
     

 

 

  

Mining (except Oil and Gas) - 0.2%

   

81,248

   

Freeport-McMoRan Copper & Gold, Inc.

      3,224,733  

3,486

   

Martin Marietta Materials, Inc.

      1,772,352  

65,297

   

Newmont Mining Corp.

      2,253,400  

7,519

   

Vulcan Materials Co.

      1,699,369  
     

 

 

  
        8,949,854  
     

 

 

  

Miscellaneous Manufacturing - 2.0%

   

31,283

   

3M Co.

      2,951,551  

4,060

   

Align Technology, Inc. (a)

      1,085,319  

28,781

   

Baxter International, Inc.

      1,113,537  

16,421

   

Becton, Dickinson & Co.

      3,921,499  

82,951

   

Boston Scientific Corp. (a)

      5,247,480  

12,020

   

Dentsply Sirona, Inc.

      417,695  

21,853

   

DexCom, Inc. (a)

      2,651,862  

7,905

   

Dover Corp.

      1,184,011  

34,394

   

Edwards Lifesciences Corp. (a)

      2,698,897  

13,161

   

Estee Lauder Companies, Inc. Class A

      1,737,120  

7,422

   

Hasbro, Inc.

      363,307  

3,940

   

Insulet Corp. (a)

      752,028  

19,988

   

Intuitive Surgical, Inc. (a)

      7,559,861  

136,363

   

Johnson & Johnson

      21,668,081  

75,351

   

Medtronic PLC ADR (Ireland)

      6,596,227  

8,318

   

ResMed, Inc.

      1,582,084  

5,594

   

Steris PLC ADR (Ireland)

      1,224,806  

19,157

   

Stryker Corp.

      6,426,790  

2,660

   

Teleflex, Inc.

      645,928  

11,114

   

Textron, Inc.

      941,467  

2,839

   

The Cooper Companies, Inc.

      1,059,032  

11,842

   

Zimmer Biomet Holdings, Inc.

      1,487,355  
     

 

 

  
        73,315,937  
     

 

 

  

Motion Picture and Sound Recording Industries - 0.4%

   

24,797

   

Netflix, Inc. (a)

      13,988,236  

8,955

   

Take-Two Interactive Software, Inc. (a)

      1,476,948  
     

 

 

  
        15,465,184  
     

 

 

  

Motor Vehicle and Parts Dealers - 0.2%

   

1,029

   

AutoZone, Inc. (a)

      2,842,232  

9,024

   

CarMax, Inc. (a)

      642,328  

3,346

   

O’Reilly Automotive, Inc. (a)

      3,423,125  
     

 

 

  
        6,907,685  
     

 

 

  

National Security and International Affairs - 0.0% (†)

   

7,813

   

Leidos Holdings, Inc.

      863,102  
     

 

 

  

Nonmetallic Mineral Product Manufacturing - 0.0% (†)

   

43,480

   

Corning, Inc.

      1,412,665  
     

 

 

  

Oil and Gas Extraction - 0.3%

   

17,337

   

APA Corp.

      543,168  

42,593

   

Coterra Energy, Inc.

      1,059,714  

36,285

   

Devon Energy Corp.

      1,524,695  

47,368

   

Dominion Energy, Inc.

      2,165,665  

33,028

   

EOG Resources, Inc.

      3,758,256  

23,307

   

EQT Corp.

      825,068  

33,155

   

Marathon Oil Corp.

      757,592  

37,409

   

Occidental Petroleum Corp.

      2,153,636  
     

 

 

  
        12,787,794  
     

 

 

  

Paper Manufacturing - 0.0% (†)

   

5,057

   

Packaging Corp of America

      838,855  
     

 

 

  

Performing Arts, Spectator Sports, and Related Industries - 0.1%

   

13,873

   

Electronic Arts, Inc.

      1,908,647  
     

 

 

  

Petroleum and Coal Products Manufacturing - 1.1%

   

67,274

   

ConocoPhillips

      7,525,942  

226,921

   

Exxon Mobil Corp.

      23,329,748  

21,479

   

Marathon Petroleum Corp.

      3,556,923  

24,954

   

Phillips 66

      3,601,112  

19,270

   

Valero Energy Corp.

      2,676,603  
     

 

 

  
        40,690,328  
     

 

 

  

Pipeline Transportation - 0.1%

   

68,951

   

Williams Companies, Inc.

      2,389,842  
     

 

 

  

Plastics and Rubber Products Manufacturing - 0.0% (†)

   

4,575

   

Avery Dennison Corp.

      912,484  
     

 

 

  

Primary Metal Manufacturing - 0.1%

   

22,197

   

Howmet Aerospace, Inc.

      1,248,803  

8,623

   

Steel Dynamics, Inc.

      1,040,710  
     

 

 

  
        2,289,513  
     

 

 

  

Professional, Scientific, and Technical Services - 3.1%

   

35,563

   

Accenture PLC Class A ADR (Ireland)

      12,940,664  

7,599

   

CDW Corp.

      1,722,845  

2,900

   

Charles River Laboratories International, Inc. (a)

      627,212  

28,416

   

Cognizant Technology Solutions Corp. Class A

      2,191,442  

22,637

   

Eaton Corp PLC ADR (Ireland)

      5,570,513  

3,303

   

EPAM Systems, Inc. (a)

      918,597  

11,977

   

Extra Space Storage, Inc.

      1,729,958  

3,335

   

F5 Networks, Inc. (a)

      612,640  

19,606

   

International Paper Co.

      702,483  

21,742

   

Interpublic Group of Companies, Inc.

      717,269  

10,374

   

IQVIA Holdings, Inc. (a)

      2,160,178  

4,141

   

Jack Henry & Associates, Inc.

      686,702  

7,140

   

Jacobs Solutions, Inc.

      962,258  

18,062

   

Juniper Networks, Inc.

      667,572  

15,436

   

Match Group, Inc. (a)

      592,434  

125,736

   

Meta Platforms, Inc. (a)

      49,054,643  

18,785

   

Moderna, Inc. (a)

      1,898,224  

11,223

   

Omnicom Group, Inc.

      1,014,335  

90,035

   

Oracle Corp.

      10,056,910  

17,604

   

Palto Alto Networks, Inc. (a)

      5,959,130  

18,185

   

Paychex, Inc.

      2,213,660  

2,810

   

Paycom Software, Inc.

      534,574  

11,636

   

ServiceNow, Inc. (a)

      8,906,194  

2,675

   

Teledyne Technologies, Inc. (a)

      1,119,407  

5,056

   

VeriSign, Inc. (a)

      1,005,537  

8,233

   

Verisk Analytics, Inc. Class A

      1,988,516  
     

 

 

  
        116,553,897  
     

 

 

  

Publishing Industries - 6.2%

   

25,822

   

Adobe Systems, Inc. (a)

      15,952,315  

8,546

   

Akamai Technologies, Inc. (a)

      1,053,124  

4,926

   

Ansys, Inc. (a)

      1,614,891  

12,109

   

Autodesk, Inc. (a)

      3,073,385  

15,441

   

Cadence Design Systems, Inc. (a)

      4,454,111  

8,823

   

Dayforce, Inc. (a)(b)

      613,375  

1,418

   

Fair Isaac Corp. (a)

      1,699,941  

72,667

   

Hewlett Packard Enterprise Co.

      1,111,078  

15,889

   

Intuit, Inc.

      10,031,202  

421,044

   

Microsoft Corp.

      167,398,674  

21,586

   

News Corp. Class A

      531,879  

6,540

   

News Corp. Class B

      167,228  

31,948

   

NortonLifeLock, Inc.

      750,139  

6,737

   

PTC, Inc. (a)

      1,217,039  

55,130

   

Salesforce.com, Inc. (a)

      15,496,492  

8,621

   

Synopsys, Inc. (a)

      4,598,010  

2,426

   

Tyler Technologies, Inc. (a)

      1,025,591  
     

 

 

  
        230,788,474  
     

 

 

  

Rail Transportation - 0.3%

   

111,997

   

CSX Corp.

      3,998,293  

34,500

   

Union Pacific Corp.

      8,415,585  
     

 

 

  
        12,413,878  
     

 

 

  

Real Estate - 1.2%

   

8,852

   

Alexandria Real Estate Equities, Inc.

      1,070,207  

26,403

   

American Tower Corp.

      5,165,747  

8,044

   

AvalonBay Communities, Inc.

      1,439,956  

8,188

   

Boston Properties, Inc.

      544,502  

  6,047     

Camden Property Trust

      567,450  
  17,288     

CBRE Group, Inc. Class A (a)

      1,492,127  
  24,585     

Crown Castle International Corp.

      2,661,326  
  17,154     

Digital Realty Trust, Inc.

      2,409,451  
  19,566     

Equity Residential

      1,177,678  
  3,660     

Essex Property Trust, Inc.

      853,768  
  4,189     

Federal Realty Investment Trust

      426,147  
  30,990     

Healthpeak Properties, Inc.

      573,315  
  32,572     

Invitation Homes, Inc.

      1,072,596  
  37,691     

Kimco Realty Corp.

      761,358  
  6,610     

Mid-America Apartment Communities, Inc.

      835,372  
  52,352     

Prologis, Inc.

      6,632,475  
  8,960     

Public Storage

      2,537,382  
  47,070     

Realty Income Corp.

      2,560,137  
  9,300     

Regency Centers Corp.

      582,831  
  18,473     

Simon Property Group, Inc.

      2,560,543  
  17,158     

UDR, Inc.

      618,031  
  22,751     

Ventas, Inc.

      1,055,419  
  58,647     

VICI Properties, Inc.

      1,766,448  
  31,370     

Welltower, Inc.

      2,713,819  
  41,353     

Weyerhaeuser Co.

      1,355,138  
     

 

 

  
        43,433,223  
     

 

 

  
 

Rental and Leasing Services - 0.1%

   
  3,795     

United Rentals, Inc.

      2,373,393  
     

 

 

  
 

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

   
  5,730     

Ameriprise Financial, Inc.

      2,216,536  
  7,901     

BlackRock, Inc.

      6,117,823  
  5,963     

CBOE Holdings, Inc.

      1,096,297  
  84,306     

Charles Schwab Corp.

      5,304,533  
  20,437     

CME Group, Inc.

      4,206,752  
  39,756     

Dow, Inc.

      2,130,922  
  15,949     

Franklin Resources, Inc.

      424,722  
  18,464     

Goldman Sachs Group, Inc.

      7,090,361  
  25,457     

Invesco Ltd. ADR (a)

      402,984  
  2,127     

MarketAxess Holdings, Inc.

      479,660  
  71,591     

Morgan Stanley

      6,245,599  
  4,492     

MSCI, Inc. Class A

      2,689,001  
  19,267     

NASDAQ OMX Group, Inc.

      1,113,055  
  10,623     

Raymond James Financial, Inc.

      1,170,442  
  18,350     

S&P Global, Inc.

      8,227,222  
  40,226     

The Blackstone Group, Inc.

      5,006,126  
     

 

 

  
        53,922,035  
     

 

 

  
  

Specialty Trade Contractors - 0.0% (†)

   
  8,252     

Quanta Services, Inc.

      1,601,301  
     

 

 

  
 

Support Activities for Agriculture and Forestry - 0.1%

   
  39,919     

Corteva, Inc.

      1,815,516  
     

 

 

  
 

Support Activities for Mining - 0.4%

   
  10,117     

Diamondback Energy, Inc.

      1,555,388  
  50,696     

Halliburton Co.

      1,807,312  
  15,616     

Hess Corp.

      2,194,516  
  13,266     

Pioneer Natural Resources Co.

      3,048,925  
  80,928     

Schlumberger Ltd. ADR (Curaco) (a)

      3,941,194  
  12,612     

Targa Resources Corp.

      1,071,515  
     

 

 

  
        13,618,850  
     

 

 

  
 

Support Activities for Transportation - 0.2%

   
  6,608     

C.H. Robinson Worldwide, Inc.

      555,667  
  7,553     

Expedia, Inc. (a)

      1,120,336  
  8,261     

Expeditors International of Washington, Inc.

      1,043,612  
  4,623     

J.B. Hunt Transport Services, Inc.

      929,131  
  12,807     

Norfolk Southern Corp.

      3,012,719  
     

 

 

  
        6,661,465  
     

 

 

  
 

Telecommunications - 0.8%

   
  405,066     

AT&T, Inc.

      7,165,618  
  5,330     

Equinix, Inc.

      4,422,674  
  61,075     

PayPal Holdings, Inc. (a)

      3,746,951  
  6,113     

SBA Communications Corp.

      1,368,456  
  28,848     

T-Mobile US, Inc.

      4,651,163  
  238,184     

Verizon Communications, Inc.

      10,087,092  
     

 

 

  
        31,441,954  
     

 

 

  
 

Transit and Ground Passenger Transportation - 0.2%

   
  116,606     

Uber Technologies, Inc. (a)

      7,610,874  
     

 

 

  
 

Transportation Equipment Manufacturing - 1.8%

   
  16,014     

Aptiv PLC ADR (United Kingdom) (a)

      1,302,419  
  32,224     

Boeing Co. (a)

      6,800,553  
  13,329     

BorgWarner, Inc.

      451,853  
  222,748     

Ford Motor Co.

      2,610,606  
  12,832     

General Dynamics Corp.

      3,400,352  
  77,562     

General Motors Co.

      3,009,405  
  37,352     

Honeywell International, Inc.

      7,554,815  
  12,514     

Lockheed Martin Corp.

      5,373,637  
  29,658     

Paccar, Inc.

      2,977,367  
  156,640     

Tesla Motors, Inc. (a)

      29,337,105  
  3,170     

TransDigm Group, Inc.

      3,463,796  
  10,131     

Wabtec Corp.

      1,332,936  
     

 

 

  
        67,614,844  
     

 

 

  
 

Truck Transportation - 0.1%

   
  5,040     

Old Dominion Freight Line, Inc.

      1,970,741  
     

 

 

  
 

Utilities - 1.5%

   
  37,968     

AES Corp.

      633,306  
  14,480     

Alliant Energy Corp.

      704,597  
  14,918     

Ameren Corp.

      1,037,845  
  29,787     

American Electric Power Co., Inc.

      2,327,556  
  11,005     

American Water Works Co., Inc.

      1,364,840  
  8,404     

Atmos Energy Corp.

      957,552  
  35,749     

CenterPoint Energy, Inc.

      998,827  
  16,509     

CMS Energy Corp.

      943,654  
  19,560     

Consolidated Edison, Inc.

      1,778,004  
  18,107     

Constellation Energy Corp.

      2,209,054  
  11,683     

DTE Energy Co.

      1,231,622  
  43,684     

Duke Energy Corp.

      4,186,238  
  21,751     

Edison International

      1,467,757  
  11,999     

Entergy Corp.

      1,197,020  
  12,991     

Evergy, Inc.

      659,553  
  19,774     

Eversource Energy

      1,072,146  
  56,390     

Exelon Corp.

      1,962,936  
  6,087     

First Solar, Inc. (a)

      890,528  
  29,289     

FirstEnergy Corp.

      1,074,321  
  109,541     

Kinder Morgan, Inc.

      1,853,434  
  116,216     

NextEra Energy, Inc.

      6,813,744  
  23,427     

NiSource, Inc.

      608,399  
  12,844     

NRG Energy, Inc.

      681,246  
  33,034     

Oneok, Inc.

      2,254,571  
  120,895     

PG&E Corp.

      2,039,499  
  6,407     

Pinnacle West Capital Corp.

      441,442  
  41,750     

PPL Corp.

      1,093,850  
  28,204     

Public Service Enterprise Group, Inc.

      1,635,550  
  35,677     

Sempra Energy

      2,553,046  
  61,769     

Southern Co.

      4,294,181  
  17,854     

WEC Energy Group, Inc.

      1,441,889  
  31,254     

Xcel Energy, Inc.

      1,871,177  
     

 

 

  
        54,279,384  
     

 

 

  
 

Waste Management and Remediation Services - 0.1%

   
  11,605     

Republic Services, Inc.

      1,985,848  
     

 

 

  

 

Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%

   
  23,126     

CoStar Group, Inc. (a)

      1,930,558  
     

 

 

  
  

Wood Product Manufacturing - 0.0% (†)

   
  12,718     

Masco Corp.

      855,794  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $2,287,385,752)

    $ 2,305,043,362  
     

 

 

  
 

SHORT TERM INVESTMENTS - 40.6%

   
 

Money Market Funds - 40.6%

   
  916,542,672     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 916,542,672  
  57,725,193     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (c)

      57,725,193  
  63,097     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (c)

      63,097  
  537,350,909     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      537,350,909  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $1,511,681,871)

    $ 1,511,681,871  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $3,799,067,623) - 102.6% (e)

    $ 3,816,725,233  
  

Liabilities in Excess of Other Assets - (2.6)%

      (96,856,888 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 3,719,868,345  
     

 

 

  

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) 

A portion of this security represents a security on loan.

(c)

Represents annualized seven-day yield at January 31, 2024.

(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 $2,752,327,350.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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

   6.0600% representing 1 month SOFR rate + spread     BNP Paribas       12/4/2024       197,512     $ 908,015,919     $ 42,579,396  

Total return of S&P 500® Index

   5.9100% representing 1 month SOFR rate + spread     Goldman Sachs       12/10/2024       220,405       1,002,697,283       56,016,268  

Total return of S&P 500® Index

   5.9100% representing 1 month SOFR rate + spread    
 Bank of America
Merrill Lynch		  
 		     12/11/2024       282,602       1,312,592,428       49,543,701  

Total return of S&P 500® Index

   5.9100% representing 1 month SOFR rate + spread     J.P. Morgan       12/16/2024       205,924       958,537,226       33,058,168  

Total return of S&P 500® Index

   5.8000% representing 1 month SOFR rate + spread    
 UBS Securities
LLC		  
 		     12/17/2024       275,701       1,309,087,197       20,425,321  

Total return of S&P 500® Index

   5.8900% representing 1 month SOFR rate + spread     Citibank N.A.       12/19/2024       345,229       1,644,441,617       20,924,450  

Total return of S&P 500® Index

   5.8600% representing 1 month SOFR rate + spread     Barclays       12/23/2024       299,976       1,418,582,962       28,806,044  
         

 

 

    

 

 

  
          $ 8,553,954,632     $ 251,353,348  
         

 

 

    

 

 

  

Direxion Daily S&P 500® Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 104.4%

   
 

Money Market Funds - 104.4%

   
  277,441,115     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 277,441,115  
  52,603,741     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      52,603,741  
  31,804,053     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      31,804,053  
  309,032,083     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      309,032,083  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $670,880,992) (b)

    $ 670,880,992  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $670,880,992) - 104.4%

    $ 670,880,992  
  

Liabilities in Excess of Other Assets - (4.4)%

      (28,017,274 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 642,863,718  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Represents annualized seven-day yield at January 31, 2024.

(b)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $460,217,045.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 S&P 500® Index   BNP Paribas   12/4/2024     23,896     $ 109,199,463     $ (5,851,469 ) 

5.7100% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index   Goldman Sachs   12/10/2024     72,139       337,845,733       (10,480,540 ) 

5.7100% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index   Bank of America Merrill Lynch   12/11/2024     110,875       524,275,553       (10,687,356 ) 

5.7100% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index   J.P. Morgan   12/16/2024     41,594       193,150,058       (7,191,981 ) 

5.4600% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index   UBS Securities LLC   12/17/2024     32,415       152,580,322       (3,607,072 ) 

5.6600% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index   Citibank N.A.   12/19/2024     88,713       423,113,662       (4,909,290 ) 

5.6400% representing 1 month SOFR rate + spread

   Total return of S&P 500® Index   Barclays   12/23/2024     28,392       135,548,910       (1,645,034 ) 
         

 

 

    

 

 

  
          $ 1,875,713,701     $ (44,372,742 ) 
         

 

 

    

 

 

  

Direxion Daily Small Cap Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 71.3%

   
  8,327,786     

iShares Russell 2000 ETF (a)

    $ 1,606,263,364  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $1,545,340,966)

    $ 1,606,263,364  
     

 

 

  
 

SHORT TERM INVESTMENTS - 32.8%

   
 

Money Market Funds - 32.8%

   
  295,869,429     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 295,869,429  
  22,330,000     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      22,330,000  
  420,511,629     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      420,511,629  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $738,711,058)

    $ 738,711,058  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $2,284,052,024) - 104.1% (c)

    $ 2,344,974,422  
  

Liabilities in Excess of Other Assets - (4.1)%

      (92,578,257 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 2,252,396,165  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

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

(b)

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,076,571,616.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Russell 2000® Index

   5.8100% representing 1 month SOFR rate + spread   BNP Paribas   12/4/2024     433,936     $ 818,292,361     $ 20,937,544  

Total return of Russell 2000® Index

   5.6100% representing 1 month SOFR rate + spread   Bank of America Merrill Lynch   12/11/2024     529,946       1,003,121,381       23,197,935  

Total return of Russell 2000® Index

   5.6900% representing 1 month SOFR rate + spread   Société Generale   12/16/2024     75,000       148,838,095       (3,489,334 ) 

Total return of Russell 2000® Index

   5.5900% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     70,000       131,688,830       3,825,444  

Total return of Russell 2000® Index

   5.9500% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     329,215       640,953,725       (3,126,392 ) 

Total return of Russell 2000® Index

   5.7000% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     596,243       1,179,170,266       (23,278,886 ) 

Total return of Russell 2000® Index

   5.6600% representing 1 month SOFR rate + spread   Barclays   12/23/2024     610,774       1,203,855,879       (18,956,653 ) 
         

 

 

    

 

 

  
          $ 5,125,920,537     $ (890,342 ) 
         

 

 

    

 

 

  

Direxion Daily Small Cap Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 104.6%

   
 

Money Market Funds - 104.6%

   
  213,245,288     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 213,245,288  
  15,850,000     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      15,850,000  
  40,750,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      40,750,000  
  114,484,055     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      114,484,055  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $384,329,343) (b)

    $ 384,329,343  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $384,329,343) - 104.6%

    $ 384,329,343  
  

Liabilities in Excess of Other Assets - (4.6)%

      (16,958,350 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 367,370,993  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Represents annualized seven-day yield at January 31, 2024.

(b)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $232,923,915.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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)		  

5.4500% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index   BNP Paribas   12/4/2024     97,710     $ 197,598,696     $ 8,141,837  

5.4100% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index   Bank of America Merrill Lynch   12/11/2024     104,401       211,569,784       9,040,071  

5.3600% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index   Société Generale   12/16/2024     51,000       100,662,761       1,757,879  

5.3900% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index   J.P. Morgan   12/16/2024     69,201       132,069,973       (2,119,394 ) 

5.6200% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index   UBS Securities LLC   12/17/2024     75,018       152,176,744       6,878,769  

5.4600% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index   Citibank N.A.   12/19/2024     71,169       142,836,860       4,809,172  

5.2600% representing 1 month SOFR rate + spread

   Total return of Russell 2000® Index   Barclays   12/23/2024     97,437       194,747,324       5,589,626  
         

 

 

    

 

 

  
          $ 1,131,662,142     $ 34,097,960  
         

 

 

    

 

 

  

Direxion Daily FTSE China Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 56.3%

   
  20,021,144     

iShares China Large-Cap ETF (a)

    $ 435,660,094  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $467,450,439)

    $ 435,660,094  
     

 

 

  
 

SHORT TERM INVESTMENTS - 54.1%

   
 

Money Market Funds - 54.1%

   
  238,966,215     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 238,966,215  
  118,875,174     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      118,875,174  
  22,330,002     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      22,330,002  
  38,996,300     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      38,996,300  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $419,167,691)

    $ 419,167,691  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $886,618,130) - 110.4% (c)

    $ 854,827,785  
  

Liabilities in Excess of Other Assets - (10.4)%

      (80,760,419 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 774,067,366  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b)

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $672,278,204.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 China Large- Cap ETF

   5.8100% representing 1 month SOFR rate + spread   BNP Paribas   12/4/2024     20,979,133     $ 496,579,979     $ (35,897,820 ) 

Total return of iShares China Large- Cap ETF

   5.6600% representing 1 month SOFR rate + spread   Goldman Sachs   12/10/2024     18,010,305       421,781,738       (26,510,391 ) 

Total return of iShares China Large- Cap ETF

   6.0100% representing 1 month SOFR rate + spread   Bank of America Merrill Lynch   12/11/2024     8,277,573       188,177,288       (8,599,360 ) 

Total return of iShares China Large- Cap ETF

   5.9600% representing 1 month SOFR rate + spread   Societe Generale   12/16/2024     8,250,000       197,440,223       (15,052,361 ) 

Total return of iShares China Large- Cap ETF

   5.8300% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     13,694,111       303,303,986       (5,963,354 ) 

Total return of iShares China Large- Cap ETF

   6.0600% representing 1 month SOFR rate + spread   Barclays   12/23/2024     17,488,638       400,323,235       (22,274,227 ) 
         

 

 

    

 

 

  
          $ 2,007,606,449     $ (114,297,513 ) 
         

 

 

    

 

 

  

Direxion Daily FTSE China Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 109.1%

   
 

Money Market Funds - 109.1%

   
  104,694,568     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 104,694,568  
  41,399,368     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      41,399,368  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $146,093,936) (b)

    $ 146,093,936  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $146,093,936) - 109.1%

    $ 146,093,936  
  

Liabilities in Excess of Other Assets - (9.1)%

      (12,246,467 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 133,847,469  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Represents annualized seven-day yield at January 31, 2024.

(b)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $94,336,152.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date		   Contracts     Notional
Amount		     Unrealized
Appreciation		  

5.4200% representing 1 month SOFR rate + spread

   Total return of iShares China Large-Cap ETF   BNP Paribas   12/4/2024     6,555,144     $ 158,727,593     $ 15,186,868  

5.8100% representing 1 month SOFR rate + spread

   Total return of iShares China Large-Cap ETF   Bank of America Merrill Lynch   12/11/2024     6,940,761       152,208,104       1,203,638  

5.4400% representing 1 month SOFR rate + spread

   Total return of iShares China Large-Cap ETF   UBS Securities LLC   12/17/2024     4,957,100       107,738,300       33,748  
         

 

 

    

 

 

  
          $ 418,673,997     $ 16,424,254  
         

 

 

    

 

 

  

Direxion Daily FTSE Europe Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 49.1%

   
  182,475     

Vanguard FTSE Europe ETF (a)

    $ 11,621,833  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $11,408,431)

    $ 11,621,833  
     

 

 

  
 

SHORT TERM INVESTMENTS - 46.7%

   
 

Money Market Funds - 46.7%

   
  2,450,629     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 2,450,629  
  7,300,423     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      7,300,423  
  1,313,138     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      1,313,138  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $11,064,190)

    $ 11,064,190  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $22,472,621) - 95.8% (c)

    $ 22,686,023  
  

Other Assets in Excess of Liabilities - 4.2%

      1,001,799  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 23,687,822  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

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

(b)

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $13,580,327.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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   12/4/2024     183,434     $ 11,351,610     $ 312,439  

Total return of Vanguard FTSE Europe ETF

   5.7100% representing 1 month SOFR rate + spread   Goldman Sachs   12/10/2024     569,031       35,177,496       1,031,838  

Total return of Vanguard FTSE Europe ETF

   5.8100% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     7,140       446,821       7,572  

Total return of Vanguard FTSE Europe ETF

   6.0500% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     8,424       534,587       1,371  

Total return of Vanguard FTSE Europe ETF

   5.7100% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     165,276       10,452,467       15,410  
         

 

 

    

 

 

  
          $ 57,962,981     $ 1,368,630  
         

 

 

    

 

 

  

Direxion Daily MSCI Emerging Markets Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 7.4%

   
  141,386     

iShares MSCI Emerging Markets ETF (a)

    $ 5,427,808  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $5,567,891)

    $ 5,427,808  
     

 

 

  
 

SHORT TERM INVESTMENTS - 98.5%

   
 

Money Market Funds - 98.5%

   
  40,294,780     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 40,294,780  
  31,874,494     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      31,874,494  
  7     

Morgan Stanley Institutional Liquidity Funds Treasury Portfolio Institutional Class, 5.18% (b)

      7  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $72,169,281)

    $ 72,169,281  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $77,737,172) - 105.9% (c)

    $ 77,597,089  
  

Liabilities in Excess of Other Assets - (5.9)%

      (4,304,434 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 73,292,655  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $43,837,268.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date		   Contracts     Notional
Amount		     Unrealized
Depreciation		  

Total return of iShares MSCI Emerging Markets ETF

   5.7900% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     1,600,000     $ 62,800,000     $ (685,066 ) 

Total return of iShares MSCI Emerging Markets ETF

   5.9200% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     1,719,819       67,365,305       (1,169,920 ) 

Total return of iShares MSCI Emerging Markets ETF

   5.6000% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     2,266,275       90,557,704       (2,604,439 ) 
         

 

 

    

 

 

  
          $ 220,723,009     $ (4,459,425 ) 
         

 

 

    

 

 

  

Direxion Daily MSCI Emerging Markets Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 109.4%

   
 

Money Market Funds - 109.4%

   
  14,377,801     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 14,377,801  
  9,264,231     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      9,264,231  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $23,642,032) (b)

    $ 23,642,032  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $23,642,032) - 109.4%

    $ 23,642,032  
  

Liabilities in Excess of Other Assets - (9.4)%

      (2,034,994 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 21,607,038  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $13,092,364.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date		   Contracts     Notional
Amount		     Unrealized
Appreciation		  

5.5600% representing 1 month SOFR rate + spread

   Total return of iShares MSCI Emerging Markets ETF   J.P. Morgan   12/16/2024     800,000     $ 31,400,000     $ 332,886  

5.4400% representing 1 month SOFR rate + spread

   Total return of iShares MSCI Emerging Markets ETF   UBS Securities LLC   12/17/2024     490,860       19,394,409       445,319  

5.3500% representing 1 month SOFR rate + spread

   Total return of iShares MSCI Emerging Markets ETF   Citibank N.A.   12/19/2024     397,624       15,890,764       437,559  
         

 

 

    

 

 

  
          $ 66,685,173     $ 1,215,764  
         

 

 

    

 

 

  

Direxion Daily MSCI Mexico Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 41.0%

   
  102,765     

iShares MSCI Mexico ETF (a)(b)

    $ 6,850,315  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $6,293,642)

    $ 6,850,315  
     

 

 

  
 

SHORT TERM INVESTMENTS - 70.3%

   
 

Money Market Funds - 70.3%

   
  7,561,237     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 7,561,237  
  1,465,864     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (c)

      1,465,864  
  1,360,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (c)

      1,360,000  
  1,367,278     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      1,367,278  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $11,754,379)

    $ 11,754,379  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $18,048,021) - 111.3% (e)

    $ 18,604,694  
  

Liabilities in Excess of Other Assets - (11.3)%

      (1,876,659 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 16,728,035  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

A portion of this security represents a security on loan.

(c)

Represents annualized seven-day yield at January 31, 2024.

(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 $9,947,177.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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

   5.8600% representing 1 month SOFR rate + spread   Goldman Sachs   12/10/2024     123,197     $ 7,950,188     $ 309,751  

Total return of iShares MSCI Mexico ETF

   4.8100% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     230,707       14,882,428       628,085  

Total return of iShares MSCI Mexico ETF

   5.8600% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     148,914       9,757,727       214,068  

Total return of iShares MSCI Mexico ETF

   6.0600% representing 1 month SOFR rate + spread   Barclays   12/23/2024     147,256       9,801,358       (54,823 ) 
         

 

 

    

 

 

  
          $ 42,391,701     $ 1,097,081  
         

 

 

    

 

 

  

Direxion Daily MSCI South Korea Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 51.1%

   
  331,794     

iShares MSCI South Korea ETF (a)

    $ 19,731,789  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $19,797,213)

    $ 19,731,789  
     

 

 

  
 

SHORT TERM INVESTMENTS - 57.2%

   
 

Money Market Funds - 57.2%

   
  3,097,570     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 3,097,570  
  19,025,369     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      19,025,369  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $22,122,939)

    $ 22,122,939  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $41,920,152) - 108.3% (c)

    $ 41,854,728  
  

Liabilities in Excess of Other Assets - (8.3)%

      (3,209,511 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 38,645,217  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $31,521,503.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date		   Contracts     Notional
Amount		     Unrealized
Depreciation		  

Total return of iShares MSCI South Korea ETF

   5.8100% representing 1 month SOFR rate + spread   Bank of America Merrill Lynch   12/11/2024     431,229     $ 26,074,368     $ (218,656 ) 

Total return of iShares MSCI South Korea ETF

   5.9100% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     99,640       6,181,916       (173,029 ) 

Total return of iShares MSCI South Korea ETF

   5.7600% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     1,026,694       64,643,139       (2,682,797 ) 

Total return of iShares MSCI South Korea ETF

   5.9600% representing 1 month SOFR rate + spread   Barclays   12/23/2024     60,142       3,663,994       (98,803 ) 
         

 

 

    

 

 

  
          $ 100,563,417     $ (3,173,285 ) 
         

 

 

    

 

 

  

Direxion Daily Aerospace & Defense Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 74.4%

   
 

Administrative and Support Services - 0.1%

   
  3,769     

V2X, Inc. (a)

    $ 146,576  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 21.7%

   
  25,519     

L3 Harris Technologies, Inc.

      5,318,670  
  23,124     

Leonardo DRS, Inc. (a)

      448,837  
  17,029     

Mercury Computer Systems, Inc. (a)

      505,080  
  9,385     

Moog, Inc. Class A

      1,312,023  
  10,572     

Northrop Grumman Corp.

      4,723,146  
  230,223     

Raytheon Technologies Corp.

      20,977,920  
     

 

 

  
        33,285,676  
     

 

 

  
 

Credit Intermediation and Related Activities - 0.1%

   
  15,066     

Smith & Wesson Brands, Inc.

      196,762  
     

 

 

  
 

Electrical Equipment, Appliance, and Component Manufacturing - 3.5%

   
  21,856     

Axon Enterprise, Inc. (a)

      5,443,455  
     

 

 

  
 

Fabricated Metal Product Manufacturing - 3.6%

   
  29,857     

BWX Technologies, Inc.

      2,432,748  
  12,483     

Curtiss-Wright Corp.

      2,778,341  
  5,787     

Sturm, Ruger & Co, Inc.

      252,661  
     

 

 

  
        5,463,750  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 3.6%

   
  27,458     

Hexcel Corp.

      1,822,937  
  12,969     

Huntington Ingalls Industries, Inc.

      3,357,933  
  9,211     

Kaman Corp.

      414,956  
     

 

 

  
        5,595,826  
     

 

 

  
 

Miscellaneous Manufacturing - 3.7%

   
  5,891     

Cadre Holdings, Inc.

      200,235  
  63,985     

Textron, Inc.

      5,420,170  
     

 

 

  
        5,620,405  
     

 

 

  
 

Primary Metal Manufacturing - 3.6%

   
  97,068     

Howmet Aerospace, Inc.

      5,461,046  
     

 

 

  
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.3%

   
  85,653     

Rocket Lab USA, Inc. (a)

      415,417  
     

 

 

  
 

Textile Mills - 0.1%

   
  1,711     

National Presto Industries, Inc.

      135,460  
     

 

 

  
 

Transportation Equipment Manufacturing - 34.1%

   
  10,947     

AAR Corp. (a)

      665,797  
  8,582     

AeroVironment, Inc. (a)

      1,035,333  
  60,594     

Archer Aviation, Inc. (a)

      292,669  
  91,055     

Boeing Co. (a)

      19,216,247  
  4,429     

Ducommun, Inc. (a)

      218,571  
  20,153     

General Dynamics Corp.

      5,340,343  
  21,843     

HEICO Corp.

      3,090,129  
  11,485     

HEICO Corp. Class A

      2,062,591  
  42,090     

Kratos Defense & Security Solutions, Inc. (a)

      712,584  
  22,621     

Lockheed Martin Corp.

      9,713,684  
  37,434     

Spirit AeroSystems Holdings, Inc. (a)

      1,027,938  
  5,269     

TransDigm Group, Inc.

      5,757,331  
  25,090     

Triumph Group, Inc. (a)

      406,458  
  116,135     

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

      206,720  
  19,724     

Woodward, Inc.

      2,717,375  
     

 

 

  
        52,463,770  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $109,549,236)

    $ 114,228,143  
     

 

 

  
 

SHORT TERM INVESTMENTS - 28.6%

   
 

Money Market Funds - 28.6%

   
  32,825,815     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 32,825,815  
  1,240,001     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (c)

      1,240,001  
  9,873,445     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      9,873,445  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $43,939,261)

    $ 43,939,261  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $153,488,497) - 103.0% (e)

    $ 158,167,404  
  

Liabilities in Excess of Other Assets - (3.0)%

      (4,691,522 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 153,475,882  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2024.

(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 $135,220,592.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Dow Jones U.S. Select Aerospace & Defense Index

   6.1000% representing 1 month SOFR rate + spread   BNP Paribas   12/4/2024     2,340     $ 72,195,084     $ (183,015 ) 

Total return of Dow Jones U.S. Select Aerospace & Defense Index

   5.9100% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     580       18,121,816       (245,459 ) 

Total return of Dow Jones U.S. Select Aerospace & Defense Index

   5.8600% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     6,218       195,271,477       (3,184,359 ) 

Total return of Dow Jones U.S. Select Aerospace & Defense Index

   5.9600 % representing 1 month SOFR rate + spread   Barclays   12/23/2024     2,005       62,951,707       (1,081,126 ) 
         

 

 

    

 

 

  
          $ 348,540,084     $ (4,693,959 ) 
         

 

 

    

 

 

  

Direxion Daily Consumer Discretionary Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 74.4%

   
 

Accommodation - 4.8%

   
  2,758     

Airbnb, Inc. (a)

    $ 397,538  
  1,369     

Caesars Entertainment Inc. (a)

      60,058  
  1,627     

Hilton Worldwide Holdings, Inc.

      310,692  
  2,343     

Las Vegas Sands Corp.

      114,620  
  1,565     

Marriott International, Inc. Class A

      375,177  
  1,734     

MGM Resorts International (a)

      75,204  
     

 

 

  
        1,333,289  
     

 

 

  
 

Administrative and Support Services - 3.5%

   
  222     

Booking Holdings, Inc. (a)

      778,658  
  1,496     

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

      190,740  
     

 

 

  
        969,398  
     

 

 

  
 

Amusement, Gambling, and Recreation Industries - 0.2%

   
  609     

Wynn Resorts Ltd.

      57,508  
     

 

 

  
 

Apparel Manufacturing - 1.4%

   
  731     

Lululemon Athletica, Inc. (a)

      331,742  
  252     

Ralph Lauren Corp.

      36,205  
  2,098     

VF Corp.

      34,533  
     

 

 

  
        402,480  
     

 

 

  
 

Building Material and Garden Equipment and Supplies Dealers - 6.9%

   
  3,661     

Lowe’s Companies, Inc.

      779,207  
  2,826     

The Home Depot, Inc.

      997,465  
  686     

Tractor Supply Co.

      154,076  
     

 

 

  
        1,930,748  
     

 

 

  
 

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 3.8%

   
  1,443     

Bath & Body Works, Inc.

      61,558  
  2,149     

Ross Stores, Inc.

      301,462  
  7,259     

TJX Companies, Inc.

      688,952  
     

 

 

  
        1,051,972  
     

 

 

  
 

Construction of Buildings - 2.9%

   
  1,912     

D.R. Horton, Inc.

      273,244  
  1,587     

Lennar Corp. Class A

      237,812  
  20     

NVR, Inc. (a)

      141,506  
  1,368     

PulteGroup, Inc.

      143,038  
     

 

 

  
        795,600  
     

 

 

  
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.1%

   
  348     

Whirlpool Corp.

      38,113  
     

 

 

  
 

Food Services and Drinking Places - 9.0%

   
  174     

Chipotle Mexican Grill, Inc. (a)

      419,126  
  763     

Darden Restaurants, Inc.

      124,049  
  222     

Domino’s Pizza, Inc.

      94,621  
  3,317     

McDonald’s Corp.

      970,952  
  7,249     

Starbucks Corp.

      674,374  
  1,779     

Yum! Brands, Inc.

      230,363  
     

 

 

  
        2,513,485  
     

 

 

  
 

Funds, Trusts, and Other Financial Vehicles - 0.4%

   
  971     

Garmin Ltd. ADR (Switzerland)

      116,025  
     

 

 

  
 

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.3%

   
  1,229     

Best Buy Co., Inc.

      89,090  
     

 

 

  
 

General Merchandise Retailers - 18.9%

   
  32,706     

Amazon.com, Inc. (a)

      5,075,971  
  3,293     

eBay, Inc.

      135,244  
  759     

Etsy, Inc. (a)

      50,519  
     

 

 

  
        5,261,734  
     

 

 

  
 

Health and Personal Care Retailers - 0.6%

   
  312     

Ulta Beauty, Inc. (a)

      156,640  
     

 

 

  
 

Leather and Allied Product Manufacturing - 3.0%

   
  7,766     

NIKE, Inc. Class B

      788,482  
  1,455     

Tapestry, Inc.

      56,439  
     

 

 

  
        844,921  
     

 

 

  
 

Management of Companies and Enterprises - 0.6%

   
  6,392     

Carnival Corp. ADR (Panama) (a)

      105,979  
  2,699     

Norwegian Cruise Line Holdings Ltd. ADR (a)

      48,042  
     

 

 

  
        154,021  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 1.2%

   
  890     

Genuine Parts Co.

      124,805  
  1,698     

LKQ Corp.

      79,246  
  335     

Mohawk Industries, Inc. (a)

      34,924  
  246     

Pool Corp.

      91,327  
     

 

 

  
        330,302  
     

 

 

  
 

Miscellaneous Manufacturing - 0.1%

   
  827     

Hasbro, Inc.

      40,482  
     

 

 

  
 

Motor Vehicle and Parts Dealers - 2.7%

   
  112     

AutoZone, Inc. (a)

      309,358  
  1,006     

CarMax, Inc. (a)

      71,607  
  376     

O’Reilly Automotive, Inc. (a)

      384,667  
     

 

 

  
        765,632  
     

 

 

  
 

Support Activities for Transportation - 0.5%

   
  846     

Expedia, Inc. (a)

      125,487  
     

 

 

  
 

Transportation Equipment Manufacturing - 13.5%

   
  1,794     

Aptiv PLC ADR (United Kingdom) (a)

      145,906  
  1,491     

BorgWarner, Inc.

      50,545  
  24,946     

Ford Motor Co.

      292,367  
  8,688     

General Motors Co.

      337,094  
  15,600     

Tesla Motors, Inc. (a)

      2,921,724  
     

 

 

  
        3,747,636  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $19,965,656)

    $ 20,724,563  
     

 

 

  
 

SHORT TERM INVESTMENTS - 35.5%

   
 

Money Market Funds - 35.5%

   
  3,561,546     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 3,561,546  
  4,670,001     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      4,670,001  
  1,644,024     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      1,644,024  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $9,875,571)

    $ 9,875,571  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $29,841,227) - 109.9% (c)

    $ 30,600,134  
  

Liabilities in Excess of Other Assets - (9.9)%

      (2,744,517 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 27,855,617  
     

 

 

  

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 January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $26,038,202.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Consumer Discretionary Select Sector Index

   5.9000% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     8,390     $ 14,748,213     $ (345,845 ) 

Total return of Consumer Discretionary Select Sector Index

   5.9100% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     3,164       5,633,407       (212,683 ) 

Total return of Consumer Discretionary Select Sector Index

   5.8600% representing 1 month SOFR rate + spread   Barclays   12/23/2024     24,836       44,646,093       (2,058,809 ) 
         

 

 

    

 

 

  
          $ 65,027,713     $ (2,617,337 ) 
         

 

 

    

 

 

  

Direxion Daily Dow Jones Internet Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 67.0%

  
 

Accommodation - 2.0%

  
  25,938     

Airbnb, Inc. (a)

    $ 3,738,703  
     

 

 

  
 

Administrative and Support Services - 2.9%

  
  30,149     

Cloudflare, Inc. (a)

      2,383,279  
  53,916     

Roblox Corp. (a)

      2,092,480  
  49,559     

Teladoc Health, Inc. (a)

      962,931  
     

 

 

  
        5,438,690  
     

 

 

  
 

Amusement, Gambling, and Recreation Industries - 1.1%

  
  55,813     

DraftKings, Inc. (a)

      2,179,498  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 11.9%

  
  47,201     

Alphabet, Inc. Class A (a)

      6,612,860  
  39,726     

Alphabet, Inc. Class C (a)

      5,633,147  
  15,773     

Arista Networks, Inc. (a)

      4,080,160  
  111,864     

Cisco Systems, Inc.

      5,613,335  
  268,696     

CommScope Holding Co., Inc. (a)

      623,375  
     

 

 

  
        22,562,877  
     

 

 

  
 

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.3%

  
  64,532     

Pinterest, Inc. (a)

      2,418,014  
     

 

 

  
 

Food Services and Drinking Places - 1.5%

  
  26,876     

DoorDash, Inc. (a)

      2,800,479  
     

 

 

  
 

General Merchandise Retailers - 8.1%

  
  75,734     

Amazon.com, Inc. (a)

      11,753,917  
  54,391     

eBay, Inc.

      2,233,838  
  19,540     

Etsy, Inc. (a)

      1,300,583  
     

 

 

  
        15,288,338  
     

 

 

  
 

Motion Picture and Sound Recording Industries - 3.6%

  
  12,012     

Netflix, Inc. (a)

      6,776,089  
     

 

 

  
 

Motor Vehicle and Parts Dealers - 0.6%

  
  27,562     

Carvana Co. (a)

      1,186,820  
     

 

 

  
 

Professional, Scientific, and Technical Services - 15.5%

  
  29,116     

Ciena Corp. (a)

      1,543,148  
  18,261     

GoDaddy, Inc. (a)

      1,947,718  
  53,044     

Juniper Networks, Inc.

      1,960,506  
  45,905     

Match Group, Inc. (a)

      1,761,834  
  26,934     

Meta Platforms, Inc. (a)

      10,508,031  
  36,929     

Nutanix, Inc. (a)

      2,075,410  
  130,103     

Snap, Inc. (a)

      2,067,337  
  19,324     

Snowflake, Inc. (a)

      3,780,547  
  12,762     

Workday, Inc. (a)

      3,714,635  
     

 

 

  
        29,359,166  
     

 

 

  
 

Publishing Industries - 15.5%

  
  17,793     

Akamai Technologies, Inc. (a)

      2,192,631  
  13,752     

Atlassian Corp. (a)

      3,434,837  
  40,958     

Box, Inc. (a)

      1,064,089  
  50,463     

Confluent, Inc. (a)

      1,128,353  
  24,480     

Datadog, Inc. (a)

      3,046,291  
  32,980     

DocuSign, Inc. (a)

      2,009,141  
  49,288     

Dropbox, Inc. (a)

      1,561,444  
  46,281     

Fastly, Inc. (a)

      931,174  
  22,998     

Okta, Inc. (a)

      1,900,785  
  23,700     

Salesforce.com, Inc. (a)

      6,661,833  
  28,285     

Smartsheet, Inc. (a)

      1,271,976  
  13,805     

Veeva Systems, Inc. (a)

      2,863,295  
  72,065     

ZoomInfo Technologies, Inc. (a)

      1,155,923  
     

 

 

  
        29,221,772  
     

 

 

  
 

Telecommunications - 3.0%

  
  61,400     

PayPal Holdings, Inc. (a)

      3,766,890  
  29,310     

Zoom Video Communications, Inc. (a)

      1,893,719  
     

 

 

  
        5,660,609  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $106,368,325)    $ 126,631,055  
     

 

 

  
 

SHORT TERM INVESTMENTS - 40.6%

  
 

Money Market Funds - 40.6%

  
  30,653,629     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 30,653,629  
  46,158,137     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      46,158,137  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $76,811,766)    $ 76,811,766  
     

 

 

  
   TOTAL INVESTMENTS (Cost $183,180,091) - 107.6% (c)    $ 203,442,821  
   Liabilities in Excess of Other Assets - (7.6)%      (14,440,890 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 189,001,931  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $149,747,620.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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      12/11/2024        240,022      $ 193,745,012      $ 14,578,686  

Total return of Dow Jones Internet Composite Index

    5.8800% representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        86,674        70,238,876        4,954,404  

Total return of Dow Jones Internet Composite Index

    5.7100% representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        96,085        81,028,841        2,516,715  

Total return of Dow Jones Internet Composite Index

    5.8100% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        81,178        68,836,509        1,546,631  
              

 

 

     

 

 

  
               $ 413,849,238      $ 23,596,436  
              

 

 

     

 

 

  

Direxion Daily Dow Jones Internet Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 115.7%

   
 

Money Market Funds - 115.7%

   
  10,141,397     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 10,141,397  
  18,593,084     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      18,593,084  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $28,734,481) (b)    $ 28,734,481  
     

 

 

  
   TOTAL INVESTMENTS (Cost $28,734,481) - 115.7%    $ 28,734,481  
   Liabilities in Excess of Other Assets - (15.7)%      (3,892,151 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 24,842,330  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $19,868,347.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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      12/11/2024        14,358      $ 11,885,723      $ (611,090 ) 

5.6400% representing 1 month SOFR rate + spread

    Total return of Dow Jones Internet Composite Index    J.P. Morgan      12/16/2024        38,892        31,791,388        (1,969,376 ) 

5.5100% representing 1 month SOFR rate + spread

    Total return of Dow Jones Internet Composite Index    UBS Securities LLC      12/17/2024        7,435        6,366,787        (112,719 ) 

5.5100% representing 1 month SOFR rate + spread

    Total return of Dow Jones Internet Composite Index    Citibank N.A.      12/19/2024        24,599        21,363,552        (65,548 ) 
              

 

 

     

 

 

  
               $ 71,407,450      $ (2,758,733 ) 
              

 

 

     

 

 

  

Direxion Daily Financial Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 70.4%

  
 

Administrative and Support Services - 7.1%

  
  10,463     

FactSet Research System, Inc.

    $ 4,979,551  
  19,901     

FleetCor Technologies, Inc. (a)

      5,769,897  
  43,360     

Moody’s Corp.

      16,998,854  
  439,219     

Visa, Inc. Class A

      120,020,984  
     

 

 

  
        147,769,286  
     

 

 

  
 

Amusement, Gambling, and Recreation Industries - 0.4%

  
  71,752     

Global Payments, Inc.

      9,559,519  
     

 

 

  
 

Chemical Manufacturing - 1.0%

  
  157,708     

IntercontinentalExchange, Inc.

      20,080,960  
     

 

 

  
 

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.1%

  
  165,387     

Fiserv, Inc. (a)

      23,463,454  
     

 

 

  
 

Credit Intermediation and Related Activities - 26.7%

  
  158,627     

American Express Co.

      31,842,784  
  1,897,108     

Bank of America Corp.

      64,520,643  
  211,916     

Bank of New York Mellon Corp.

      11,752,861  
  104,938     

Capital One Financial Corp.

      14,200,210  
  527,369     

Citigroup, Inc.

      29,622,317  
  128,462     

Citizens Financial Group, Inc.

      4,200,707  
  36,326     

Comerica, Inc.

      1,910,021  
  68,900     

Discover Financial Services

      7,270,328  
  163,259     

Fidelity National Information Services, Inc.

      10,164,505  
  187,657     

Fifth Third Bancorp

      6,425,376  
  399,011     

Huntington Bancshares, Inc.

      5,079,410  
  796,606     

JPMorgan Chase & Co.

      138,896,222  
  257,986     

KeyCorp

      3,748,537  
  45,725     

M&T Bank Corp.

      6,314,623  
  228,183     

MasterCard, Inc. Class A

      102,506,649  
  57,047     

Northern Trust Corp.

      4,543,223  
  109,754     

PNC Financial Services Group, Inc.

      16,595,902  
  256,280     

Regions Financial Corp.

      4,784,748  
  85,044     

State Street Corp.

      6,282,200  
  114,038     

Synchrony Financial

      4,432,657  
  367,486     

Truist Financial Corp.

      13,619,031  
  429,016     

U.S. Bancorp

      17,821,325  
  1,000,686     

Wells Fargo & Co.

      50,214,424  
  40,819     

Zions Bancorp

      1,710,316  
     

 

 

  
        558,459,019  
     

 

 

  
 

Funds, Trusts, and Other Financial Vehicles - 0.3%

  
  61,574     

T. Rowe Price Group, Inc.

      6,677,700  
     

 

 

  
 

Insurance Carriers and Related Activities - 20.7%

  
  146,534     

Aflac, Inc.

      12,358,678  
  72,109     

Allstate Corp.

      11,194,922  
  193,445     

American International Group, Inc.

      13,446,362  
  55,176     

Aon PLC ADR (United Kingdom)

      16,466,174  
  102,823     

Arch Capital Group Ltd. ADR (a)

      8,475,700  
  59,492     

Arthur J. Gallagher & Co.

      13,811,663  
  14,490     

Assurant, Inc.

      2,433,595  
  501,335     

Berkshire Hathaway, Inc. Class B (a)

      192,382,293  
  65,081     

Brown & Brown, Inc.

      5,047,682  
  112,418     

Chubb Limited ADR (Switzerland)

      27,542,410  
  43,234     

Cincinnati Financial Corp.

      4,790,327  
  11,963     

Everest Re Group Ltd. ADR

      4,605,396  
  23,604     

Globe Life, Inc.

      2,899,043  
  82,873     

Hartford Financial Services Group, Inc.

      7,206,636  
  50,444     

Loews Corp.

      3,675,350  
  135,861     

Marsh & McLennan Companies, Inc.

      26,335,296  
  171,321     

MetLife, Inc.

      11,875,972  
  60,436     

Principal Financial Group, Inc.

      4,780,488  
  161,212     

Progressive Corp.

      28,736,039  
  99,462     

Prudential Financial, Inc.

      10,436,548  
  62,929     

Travelers Companies, Inc.

      13,300,673  
  56,128     

W.R. Berkley Corp.

      4,595,761  
  28,461     

Willis Towers Watson PLC ADR (Ireland)

      7,009,944  
     

 

 

  
        433,406,952  
     

 

 

  
 

Professional, Scientific, and Technical Services - 0.2%

  
  20,056     

Jack Henry & Associates, Inc.

      3,325,886  
     

 

 

  
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 12.0%

  
  27,882     

Ameriprise Financial, Inc.

      10,785,594  
  38,524     

BlackRock, Inc.

      29,829,518  
  29,086     

CBOE Holdings, Inc.

      5,347,461  
  410,068     

Charles Schwab Corp.

      25,801,479  
  99,195     

CME Group, Inc.

      20,418,299  
  77,688     

Franklin Resources, Inc.

      2,068,831  
  89,851     

Goldman Sachs Group, Inc.

      34,503,683  
  123,870     

Invesco Ltd. ADR (a)

      1,960,862  
  10,440     

MarketAxess Holdings, Inc.

      2,354,324  
  348,252     

Morgan Stanley

      30,381,505  
  21,786     

MSCI, Inc. Class A

      13,041,535  
  93,797     

NASDAQ OMX Group, Inc.

      5,418,653  
  51,778     

Raymond James Financial, Inc.

      5,704,900  
  89,279     

S&P Global, Inc.

      40,028,240  
  195,783     

The Blackstone Group, Inc.

      24,365,194  
     

 

 

  
        252,010,078  
     

 

 

  
 

Telecommunications - 0.9%

  
  297,082     

PayPal Holdings, Inc. (a)

      18,225,981  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $1,338,480,356)    $ 1,472,978,835  
     

 

 

  
 

SHORT TERM INVESTMENTS - 32.5%

  
 

Money Market Funds - 32.5%

  
  353,151,538     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 353,151,538  
  168,975,049     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      168,975,049  
  54,248,457     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      54,248,457  
  103,936,452     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      103,936,452  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $680,311,496)    $ 680,311,496  
     

 

 

  
   TOTAL INVESTMENTS (Cost $2,018,791,852) - 102.9% (c)    $ 2,153,290,331  
   Liabilities in Excess of Other Assets - (2.9)%      (59,563,027 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 2,093,727,304  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,543,820,212.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be
Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		      Contracts      Notional
Amount		      Unrealized
Appreciation		  

Total return of Financials Select Sector Index

    6.2000% representing 1 month SOFR rate + spread    BNP Paribas      12/4/2024        1,108,694      $ 492,637,092      $ 33,533,480  

Total return of Financials Select Sector Index

    6.0500% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        1,628,276        729,431,551        44,820,989  

Total return of Financials Select Sector Index

    6.0600% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        1,127,231        512,714,381        23,520,762  

Total return of Financials Select Sector Index

    6.1900% representing 1 month SOFR rate + spread    Societe Generale      12/16/2024        1,111,605        513,061,287        14,874,414  

Total return of Financials Select Sector Index

    5.9600% representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        1,235,532        558,610,448        28,601,840  

Total return of Financials Select Sector Index

    5.8200% representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        832,027        380,489,059        14,868,725  

Total return of Financials Select Sector Index

    6.1100% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        695,392        320,116,753        10,366,695  

Total return of Financials Select Sector Index

    5.8600% representing 1 month SOFR rate + spread    Barclays      12/23/2024        2,325,333        1,060,212,328        45,643,209  
              

 

 

     

 

 

  
               $ 4,567,272,899      $ 216,230,114  
              

 

 

     

 

 

  

Direxion Daily Financial Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 117.3%

  
 

Money Market Funds - 117.3%

  
  54,965,217     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 54,965,217  
  36,002,832     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      36,002,832  
  67,991,123     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      67,991,123  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $158,959,172) (b)    $ 158,959,172  
     

 

 

  
   TOTAL INVESTMENTS (Cost $158,959,172) - 117.3%    $ 158,959,172  
   Liabilities in Excess of Other Assets - (17.3)%      (23,500,335 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 135,458,837  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $110,413,872.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		      Contracts      Notional
Amount		      Unrealized
Depreciation		  

5.8100% representing 1 month SOFR rate + spread

    Total return of Financials Select Sector Index    Goldman Sachs      12/10/2024        178,561      $ 84,813,794      $ (436,240 ) 

5.8600% representing 1 month SOFR rate + spread

    Total return of Financials Select Sector Index    Bank of America Merrill Lynch      12/11/2024        276,531        125,394,881        (6,272,719 ) 

5.8400% representing 1 month SOFR rate + spread

    Total return of Financials Select Sector Index    Société Generale      12/16/2024        158,000        69,499,459        (5,549,810 ) 

5.7900% representing 1 month SOFR rate + spread

    Total return of Financials Select Sector Index    J.P. Morgan      12/16/2024        167,613        76,973,447        (2,947,347 ) 

5.5600% representing 1 month SOFR rate + spread

    Total return of Financials Select Sector Index    UBS Securities LLC      12/17/2024        69,868        31,949,938        (1,260,849 ) 
              

 

 

     

 

 

  
               $ 388,631,519      $ (16,466,965 ) 
              

 

 

     

 

 

  

Direxion Daily Healthcare Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 76.8%

   
 

Ambulatory Health Care Services - 1.1%

   
  1,524     

DaVita, Inc. (a)

    $ 164,836  
  2,403     

Laboratory Corp. of America Holdings

      534,187  
  1,650     

Molina Healthcare, Inc. (a)

      588,126  
  3,182     

Quest Diagnostics, Inc.

      408,664  
  33,949     

Viatris, Inc.

      399,580  
     

 

 

  
        2,095,393  
     

 

 

  
 

Chemical Manufacturing - 29.9%

   
  49,963     

AbbVie, Inc.

      8,213,917  
  15,145     

Amgen, Inc.

      4,759,468  
  4,100     

Biogen, Inc. (a)

      1,011,306  
  4,475     

Bio-Techne Corp.

      314,682  
  57,581     

Bristol-Myers Squibb Co.

      2,813,983  
  5,102     

Catalent, Inc. (a)

      263,467  
  22,567     

Eli Lilly and Company

      14,569,481  
  35,261     

Gilead Sciences, Inc.

      2,759,526  
  5,264     

Incyte Corp. (a)

      309,365  
  71,710     

Merck & Co., Inc.

      8,661,134  
  159,788     

Pfizer, Inc.

      4,327,059  
  3,031     

Regeneron Pharmaceuticals, Inc. (a)

      2,857,566  
  7,292     

Vertex Pharmaceuticals, Inc. (a)

      3,160,207  
  2,094     

West Pharmaceutical Services, Inc.

      781,125  
  12,992     

Zoetis, Inc.

      2,440,028  
     

 

 

  
        57,242,314  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 8.2%

   
  8,280     

Agilent Technologies, Inc.

      1,077,228  
  593     

Bio-Rad Laboratories, Inc. (a)

      190,288  
  18,610     

Danaher Corp.

      4,464,725  
  11,079     

GE HealthCare Technologies, Inc.

      812,755  
  6,932     

Hologic, Inc. (a)

      516,018  
  2,352     

IDEXX Laboratories, Inc. (a)

      1,211,468  
  4,495     

Illumina, Inc. (a)

      642,830  
  3,492     

PerkinElmer, Inc.

      374,273  
  10,934     

Thermo Fisher Scientific, Inc.

      5,893,207  
  1,673     

Waters Corp. (a)

      531,529  
     

 

 

  
        15,714,321  
     

 

 

  
 

Health and Personal Care Retailers - 1.4%

   
  36,347     

CVS Health Corp.

      2,703,126  
     

 

 

  
 

Hospitals - 1.0%

   
  5,605     

HCA Healthcare, Inc.

      1,708,965  
  1,726     

Universal Health Services, Inc. Class B

      274,106  
     

 

 

  
        1,983,071  
     

 

 

  
 

Insurance Carriers and Related Activities - 11.3%

   
  15,117     

Centene Corp. (a)

      1,138,461  
  8,281     

Cigna Corp.

      2,492,167  
  6,649     

Elevance Health, Inc.

      3,280,883  
  3,485     

Humana, Inc.

      1,317,539  
  26,174     

UnitedHealth Group, Inc.

      13,394,283  
     

 

 

  
        21,623,333  
     

 

 

  
 

Machinery Manufacturing - 0.4%

   
  614     

Mettler-Toledo International, Inc. (a)

      735,075  
     

 

 

  
 

Management of Companies and Enterprises - 2.9%

   
  49,110     

Abbott Laboratories

      5,556,796  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 0.2%

   
  3,695     

Henry Schein, Inc. (a)

      276,534  
     

 

 

  
 

Merchant Wholesalers, Nondurable Goods - 2.0%

   
  6,975     

Cardinal Health, Inc.

      761,600  
  4,718     

Cencora, Inc.

      1,097,784  
  3,765     

McKesson Corp.

      1,882,086  
     

 

 

  
        3,741,470  
     

 

 

  
 

Miscellaneous Manufacturing - 17.2%

   
  2,015     

Align Technology, Inc. (a)

      538,650  
  14,356     

Baxter International, Inc.

      555,434  
  8,210     

Becton, Dickinson & Co.

      1,960,630  
  41,436     

Boston Scientific Corp. (a)

      2,621,241  
  5,996     

Dentsply Sirona, Inc.

      208,361  
  10,934     

DexCom, Inc. (a)

      1,326,841  
  17,163     

Edwards Lifesciences Corp. (a)

      1,346,781  
  1,976     

Insulet Corp. (a)

      377,159  
  9,963     

Intuitive Surgical, Inc. (a)

      3,768,206  
  68,124     

Johnson & Johnson

      10,824,903  
  37,654     

Medtronic PLC ADR (Ireland)

      3,296,231  
  4,163     

ResMed, Inc.

      791,803  
  2,796     

Steris PLC ADR (Ireland)

      612,184  
  9,567     

Stryker Corp.

      3,209,537  
  1,330     

Teleflex, Inc.

      322,964  
  1,402     

The Cooper Companies, Inc.

      522,988  
  5,913     

Zimmer Biomet Holdings, Inc.

      742,673  
     

 

 

  
        33,026,586  
     

 

 

  
 

Professional, Scientific, and Technical Services - 1.2%

   
  1,452     

Charles River Laboratories International, Inc. (a)

      314,039  
  5,182     

IQVIA Holdings, Inc. (a)

      1,079,048  
  9,387     

Moderna, Inc. (a)

      948,556  
     

 

 

  
        2,341,643  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $143,990,099)    $ 147,039,662  
     

 

 

  
 

SHORT TERM INVESTMENTS - 23.3%

   
 

Money Market Funds - 23.3%

   
  23,663,968     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 23,663,968  
  3,376     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      3,376  
  20,943,351     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      20,943,351  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $44,610,695)    $ 44,610,695  
     

 

 

  
   TOTAL INVESTMENTS (Cost $188,600,794) - 100.1% (c)    $ 191,650,357  
   Liabilities in Excess of Other Assets - (0.1)% (†)      (3,308 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 191,647,049  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $146,707,754.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Health Care Select Sector Index

    5.9000% representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        156,398      $ 210,543,430      $ 10,099,375  

Total return of Health Care Select Sector Index

    5.9500% representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        77,201        106,133,735        2,853,362  

Total return of Health Care Select Sector Index

    5.9100% representing 1 month SOFR rate + spread    Barclays      12/23/2024        68,124        92,573,552        3,627,108  
              

 

 

     

 

 

  
               $ 409,250,717      $ 16,579,845  
              

 

 

     

 

 

  

Direxion Daily Homebuilders & Supplies Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 71.5%

   
 

Building Material and Garden Equipment and Supplies Dealers - 6.4%

   
  37,046     

Lowe’s Companies, Inc.

    $ 7,884,871  
  34,308     

MasterBrand, Inc. (a)

      482,713  
  23,708     

The Home Depot, Inc.

      8,367,976  
     

 

 

  
        16,735,560  
     

 

 

  
 

Construction of Buildings - 41.6%

   
  18,671     

Beazer Homes USA, Inc. (a)

      592,804  
  17,922     

Century Communities, Inc.

      1,553,838  
  191,006     

D.R. Horton, Inc.

      27,296,668  
  14,378     

Dream Finders Home, Inc. (a)

      472,605  
  16,106     

Green Brick Partners , Inc. (a)

      840,250  
  48,526     

KB Home

      2,891,664  
  8,239     

Lennar Corp.

      1,143,161  
  158,546     

Lennar Corp. Class A

      23,758,118  
  12,993     

LGI Homes, Inc. (a)

      1,533,304  
  37,857     

M.D.C Holdings, Inc.

      2,369,091  
  17,650     

M/I Homes, Inc. (a)

      2,248,963  
  23,301     

Meritage Homes Corp.

      3,858,879  
  2,015     

NVR, Inc. (a)

      14,256,709  
  136,644     

PulteGroup, Inc.

      14,287,497  
  68,101     

Taylor Morrison Home Corp. (a)

      3,550,786  
  68,120     

Toll Brothers, Inc.

      6,767,722  
  61,512     

TRI Pointe Group, Inc. (a)

      2,124,009  
     

 

 

  
        109,546,068  
     

 

 

  
 

Fabricated Metal Product Manufacturing - 1.0%

   
  15,442     

PGT Innovations, Inc. (a)

      636,519  
  11,548     

Simpson Manufacturing Company, Inc.

      2,090,073  
     

 

 

  
        2,726,592  
     

 

 

  
 

Furniture and Related Product Manufacturing - 0.1%

   
  4,445     

American Woodmark Corp. (a)

      405,739  
     

 

 

  
 

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 1.2%

   
  6,185     

Ethan Allen Interiors, Inc.

      180,169  
  28,843     

Floor & Decor Holdings, Inc. (a)

      2,900,452  
     

 

 

  
        3,080,621  
     

 

 

  
 

Machinery Manufacturing - 0.2%

   
  34,125     

Hayward Holdings, Inc. (a)

      427,245  
     

 

 

  
 

Management of Companies and Enterprises - 0.6%

   
  40,424     

AZEK Company, Inc. (a)

      1,558,749  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 6.0%

   
  17,094     

Beacon Roofing Supply, Inc. (a)

      1,416,922  
  33,398     

Builders FirstSource, Inc. (a)

      5,802,235  
  34,129     

Fortune Brands Home & Security, Inc.

      2,648,069  
  36,082     

Leggett & Platt, Inc.

      837,463  
  8,656     

Lennox International, Inc.

      3,706,153  
  14,305     

Mohawk Industries, Inc. (a)

      1,491,296  
     

 

 

  
        15,902,138  
     

 

 

  
 

Merchant Wholesalers, Nondurable Goods - 3.1%

   
  26,966     

The Sherwin Williams Co.

      8,207,911  
     

 

 

  
 

Nonmetallic Mineral Product Manufacturing - 2.3%

   
  9,440     

Eagle Materials, Inc.

      2,136,083  
  24,053     

Owens Corning

      3,644,751  
  8,928     

Quanex Building Products Corp.

      278,732  
     

 

 

  
        6,059,566  
     

 

 

  
 

Specialty Trade Contractors - 3.9%

   
  14,946     

Installed Building Products, Inc.

      2,912,228  
  20,136     

TopBuild Corp. (a)

      7,432,802  
     

 

 

  
        10,345,030  
     

 

 

  
 

Wood Product Manufacturing - 5.1%

   
  4,908     

Cavco Industries, Inc. (a)

      1,629,063  
  23,064     

JELD-WEN Holding, Inc. (a)

      428,991  
  60,761     

Masco Corp.

      4,088,608  
  5,927     

Masonite International Corp. ADR (a)

      545,580  
  33,945     

Skyline Champion Corp. (a)

      2,324,554  
  29,390     

Trex Company, Inc. (a)

      2,394,697  
  16,729     

UFP Industries, Inc.

      1,897,905  
     

 

 

  
        13,309,398  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $165,705,598)    $ 188,304,617  
     

 

 

  
 

SHORT TERM INVESTMENTS - 31.4%

   
 

Money Market Funds - 31.4%

   
  30,946,987     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 30,946,987  
  32,655,812     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      32,655,812  
  70,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      70,000  
  18,882,519     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      18,882,519  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $82,555,318)    $ 82,555,318  
     

 

 

  
   TOTAL INVESTMENTS (Cost $248,260,916) - 102.9% (c)    $ 270,859,935  
   Liabilities in Excess of Other Assets - (2.9)%      (7,537,104 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 263,322,831  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $209,948,339.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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      12/4/2024        1,449      $ 23,295,501      $ 2,409,406  

Total return of Dow Jones U.S. Select Home Construction Index

    5.8600% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        11,640        200,589,826        6,056,226  

Total return of Dow Jones U.S. Select Home Construction Index

    5.8600% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        6,050        104,302,119        3,273,286  

Total return of Dow Jones U.S. Select Home Construction Index

    5.8600% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        4,250        75,764,596        (96,951 ) 

Total return of Dow Jones U.S. Select Home Construction Index

    5.8100% representing 1 month SOFR rate + spread    Barclays      12/23/2024        10,267        183,907,124        (1,453,221 ) 
              

 

 

     

 

 

  
               $ 587,859,166      $ 10,188,746  
              

 

 

     

 

 

  

Direxion Daily Industrials Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 66.0%

  
 

Administrative and Support Services - 4.8%

  
  446     

Allegion PLC ADR (Ireland)

    $ 55,255  
  2,089     

Automatic Data Processing, Inc.

      513,434  
  598     

Broadridge Financial Solutions, Inc.

      122,112  
  625     

Equifax, Inc.

      152,712  
  538     

Robert Half International, Inc.

      42,793  
  1,426     

Rollins, Inc.

      61,760  
  1,862     

Waste Management, Inc.

      345,643  
     

 

 

  
        1,293,709  
     

 

 

  
 

Air Transportation - 1.2%

  
  3,320     

American Airlines Group, Inc. (a)

      47,243  
  3,269     

Delta Air Lines, Inc.

      127,949  
  3,028     

Southwest Airlines Co.

      90,507  
  1,666     

United Continental Holdings, Inc. (a)

      68,939  
     

 

 

  
        334,638  
     

 

 

  
 

Building Material and Garden Equipment and Supplies Dealers - 0.3%

  
  269     

Snap-on, Inc.

      77,991  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 6.3%

  
  1,172     

AMETEK, Inc.

      189,923  
  1,785     

Fortive Corp.

      139,551  
  963     

L3 Harris Technologies, Inc.

      200,708  
  720     

Northrop Grumman Corp.

      321,667  
  2,080     

Otis Worldwide Corp.

      183,955  
  7,304     

Raytheon Technologies Corp.

      665,541  
     

 

 

  
        1,701,345  
     

 

 

  
 

Couriers and Messengers - 3.0%

  
  1,175     

FedEx Corp.

      283,516  
  3,675     

United Parcel Service, Inc. Class B

      521,482  
     

 

 

  
        804,998  
     

 

 

  
 

Electrical Equipment, Appliance, and Component Manufacturing - 2.2%

  
  625     

A.O. Smith Corp.

      48,506  
  358     

Axon Enterprise, Inc. (a)

      89,164  
  2,896     

Emerson Electric Co.

      265,650  
  312     

Generac Holdings, Inc. (a)

      35,465  
  583     

Rockwell Automation, Inc.

      147,662  
     

 

 

  
        586,447  
     

 

 

  
 

Fabricated Metal Product Manufacturing - 0.5%

  
  840     

Pentair PLC ADR (Ireland)

      61,463  
  779     

Stanley Black & Decker, Inc.

      72,680  
     

 

 

  
        134,143  
     

 

 

  
 

Food Services and Drinking Places - 0.3%

  
  1,113     

Veralto Corp.

      85,356  
     

 

 

  
 

Machinery Manufacturing - 13.0%

  
  4,262     

Carrier Global Corp.

      233,174  
  2,592     

Caterpillar, Inc.

      778,403  
  720     

Cummins, Inc.

      172,296  
  1,360     

Deere & Co.

      535,269  
  5,528     

General Electric Co.

      732,018  
  384     

IDEX Corp.

      81,216  
  2,056     

Ingersoll Rand, Inc.

      164,192  
  275     

Nordson Corp.

      69,223  
  652     

Parker Hannifin Corp.

      302,854  
  1,160     

Trane Technologies PLC ADR (Ireland)

      292,378  
  1,225     

Xylem, Inc.

      137,739  
     

 

 

  
        3,498,762  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 4.9%

  
  626     

Builders FirstSource, Inc. (a)

      108,755  
  440     

Cintas Corp.

      266,011  
  4,439     

Copart, Inc. (a)

      213,249  
  2,903     

Fastenal Co.

      198,072  
  272     

Hubbell, Inc.

      91,275  
  202     

Huntington Ingalls Industries, Inc.

      52,302  
  3,456     

Johnson Controls International PLC ADR (Ireland)

      182,097  
  225     

W.W. Grainger, Inc.

      201,519  
     

 

 

  
        1,313,280  
     

 

 

  
 

Merchant Wholesalers, Nondurable Goods - 1.4%

  
  1,391     

Illinois Tool Works, Inc.

      362,912  
     

 

 

  
 

Miscellaneous Manufacturing - 1.7%

  
  2,806     

3M Co.

      264,746  
  711     

Dover Corp.

      106,494  
  996     

Textron, Inc.

      84,371  
     

 

 

  
        455,611  
     

 

 

  
 

National Security and International Affairs - 0.3%

  
  699     

Leidos Holdings, Inc.

      77,218  
     

 

 

  
 

Primary Metal Manufacturing - 0.4%

  
  1,987     

Howmet Aerospace, Inc.

      111,789  
     

 

 

  
 

Professional, Scientific, and Technical Services - 3.8%

  
  2,029     

Eaton Corporation PLC ADR (Ireland)

      499,296  
  640     

Jacobs Solutions, Inc.

      86,253  
  1,633     

Paychex, Inc.

      198,785  
  249     

Paycom Software, Inc.

      47,370  
  737     

Verisk Analytics, Inc. Class A

      178,008  
     

 

 

  
        1,009,712  
     

 

 

  
 

Publishing Industries - 0.2%

  
  792     

Dayforce, Inc. (a)

      55,060  
     

 

 

  
 

Rail Transportation - 4.1%

  
  10,039     

CSX Corp.

      358,392  
  3,097     

Union Pacific Corp.

      755,451  
     

 

 

  
        1,113,843  
     

 

 

  
 

Rental and Leasing Services - 0.8%

  
  344     

United Rentals, Inc.

      215,138  
     

 

 

  
 

Specialty Trade Contractors - 0.5%

  
  738     

Quanta Services, Inc.

      143,209  
     

 

 

  
 

Support Activities for Transportation - 1.8%

  
  592     

C.H. Robinson Worldwide, Inc.

      49,781  
  739     

Expeditors International of Washington, Inc.

      93,358  
  414     

J.B. Hunt Transport Services, Inc.

      83,206  
  1,149     

Norfolk Southern Corp.

      270,291  
     

 

 

  
        496,636  
     

 

 

  
 

Transit and Ground Passenger Transportation - 2.5%

  
  10,454     

Uber Technologies, Inc. (a)

      682,333  
     

 

 

  
 

Transportation Equipment Manufacturing - 10.3%

  
  2,889     

Boeing Co. (a)

      609,694  
  1,150     

General Dynamics Corp.

      304,738  
  3,349     

Honeywell International, Inc.

      677,369  
  1,122     

Lockheed Martin Corp.

      481,798  
  2,658     

Paccar, Inc.

      266,837  
  281     

TransDigm Group, Inc.

      307,043  
  910     

Wabtec Corp.

      119,729  
     

 

 

  
        2,767,208  
     

 

 

  
 

Truck Transportation - 0.7%

  
  454     

Old Dominion Freight Line, Inc.

      177,523  
     

 

 

  
 

Waste Management and Remediation Services - 0.7%

  
  1,038     

Republic Services, Inc.

      177,623  
     

 

 

  

 

Wood Product Manufacturing - 0.3%

   
  1,141     

Masco Corp.

      76,777  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $17,462,363)    $ 17,753,261  
     

 

 

  
 

SHORT TERM INVESTMENTS - 35.5%

   
 

Money Market Funds - 35.5%

   
  4,145,675     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 4,145,675  
  4,500,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      4,500,000  
  912,385     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      912,385  
     

 

 

  
   TOTAL SHORT TERM INVESTMENTS (Cost $9,558,060)    $ 9,558,060  
     

 

 

  
   TOTAL INVESTMENTS (Cost $27,020,423) - 101.5% (c)    $ 27,311,321  
   Liabilities in Excess of Other Assets - (1.5)%      (412,225 ) 
     

 

 

  
   TOTAL NET ASSETS - 100.0%    $ 26,899,096  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $20,717,645.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Industrials Select Sector Index

    5.8600% representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        7,770      $ 8,625,103      $ 167,379  

Total return of Industrials Select Sector Index

    5.8100% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        12,800        14,525,294        (33,352 ) 

Total return of Industrials Select Sector Index

    5.6600% representing 1 month SOFR rate + spread    Barclays      12/23/2024        34,690        39,099,752        199,543  
              

 

 

     

 

 

  
               $ 62,250,149      $ 333,570  
              

 

 

     

 

 

  

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 71.9%

   
 

Administrative and Support Services - 2.9%

   
  14,377     

Royalty Pharma PLC ADR (United Kingdom)

    $ 408,163  
     

 

 

  
 

Ambulatory Health Care Services - 7.2%

   
  5,852     

Axsome Therapeutics, Inc. (a)

      526,856  
  41,787     

Viatris, Inc.

      491,833  
     

 

 

  
        1,018,689  
     

 

 

  
 

Chemical Manufacturing - 54.4%

   
  3,640     

Amphastar Pharmaceuticals, Inc. (a)

      194,230  
  2,123     

ANI Pharmaceuticals, Inc. (a)

      118,506  
  8,162     

Bristol-Myers Squibb Co.

      398,877  
  8,934     

Cassava Sciences, Inc. (a)

      213,969  
  11,046     

Catalent, Inc. (a)

      570,415  
  2,824     

Collegium Pharmaceutical, Inc. (a)

      93,079  
  8,436     

Corcept Therapeutics, Inc. (a)

      178,000  
  18,484     

CymaBay Therapeutics, Inc. (a)

      434,559  
  32,094     

Elanco Animal Health, Inc. (a)

      473,065  
  685     

Eli Lilly and Company

      442,243  
  4,912     

Evolus, Inc. (a)

      62,333  
  7,397     

Harmony Biosciences Holdings, Inc. (a)

      233,301  
  6,758     

Innoviva, Inc. (a)

      109,480  
  6,811     

Intra-Cellular Therapies, Inc. (a)

      458,653  
  3,412     

Jazz Pharmaceuticals PLC ADR (Ireland) (a)

      418,721  
  1,123     

Ligand Pharmaceuticals, Inc. (a)

      82,091  
  3,963     

Merck & Co., Inc.

      478,651  
  37,278     

Organon & Co.

      620,679  
  6,237     

Pacira Pharmaceuticals, Inc. (a)

      203,264  
  13,857     

Perrigo Co. PLC ADR (Ireland)

      444,533  
  14,273     

Pfizer, Inc.

      386,513  
  6,661     

Pliant Therapeutics, Inc. (a)

      119,365  
  2,754     

Prestige Consumer Healthcare, Inc. (a)

      169,481  
  28,662     

Revance Therapeutics, Inc. (a)

      144,170  
  4,997     

Supernus Pharmaceuticals, Inc. (a)

      138,317  
  4,451     

Theravance Biopharma, Inc. ADR (a)

      42,195  
  2,227     

Zoetis, Inc.

      418,253  
     

 

 

  
        7,646,943  
     

 

 

  
 

Merchant Wholesalers, Nondurable Goods - 3.5%

   
  11,826     

Amneal Pharmaceuticals, Inc. (a)

      63,269  
  18,374     

Amylxy Pharmaceuticals, Inc. (a)

      293,984  
  5,075     

Tarsus Pharmaceuticals, Inc. (a)

      138,243  
     

 

 

  
        495,496  
     

 

 

  
 

Miscellaneous Manufacturing - 3.0%

   
  2,660     

Johnson & Johnson

      422,674  
     

 

 

  
 

Professional, Scientific, and Technical Services - 0.9%

   
  3,039     

Arvinas, Inc. (a)

      126,119  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $10,017,427)

    $ 10,118,084  
     

 

 

  
 

SHORT TERM INVESTMENTS - 32.6%

   
 

Money Market Funds - 32.6%

   
  3,322,870     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 3,322,870  
  1,040,595     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      1,040,595  
  217,740     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      217,740  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $4,581,205)

    $ 4,581,205  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $14,598,632) - 104.5% (c)

    $ 14,699,289  
  

Liabilities in Excess of Other Assets - (4.5)%

      (636,151 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 14,063,138  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $8,931,981.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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     12/17/2024       2,954     $ 13,557,800     $ 606,743  

Total return of S&P Pharmaceuticals Select Industry Index

   5.7600 % representing 1 month SOFR rate + spread   Citibank N.A.     12/19/2024       2,092       9,621,962       420,975  

Total return of S&P Pharmaceuticals Select Industry Index

   5.9100 % representing 1 month SOFR rate + spread   Barclays     12/23/2024       1,601       7,342,480       341,174  
         

 

 

    

 

 

  
          $ 30,522,242     $ 1,368,892  
         

 

 

    

 

 

  

Direxion Daily Real Estate Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 73.6%

   
 

Accommodation - 1.0%

   
  34,218     

Host Hotels & Resorts, Inc.

    $ 657,670  
     

 

 

  
 

Administrative and Support Services - 1.5%

   
  14,160     

Iron Mountain, Inc.

      956,083  
     

 

 

  
 

Professional, Scientific, and Technical Services - 2.3%

   
  10,247     

Extra Space Storage, Inc.

      1,480,077  
     

 

 

  
 

Real Estate - 58.4%

   
  7,582     

Alexandria Real Estate Equities, Inc.

      916,664  
  22,612     

American Tower Corp.

      4,424,038  
  6,890     

AvalonBay Communities, Inc.

      1,233,379  
  7,001     

Boston Properties, Inc.

      465,566  
  5,179     

Camden Property Trust

      485,997  
  14,786     

CBRE Group, Inc. Class A (a)

      1,276,180  
  21,054     

Crown Castle International Corp.

      2,279,095  
  14,693     

Digital Realty Trust, Inc.

      2,063,779  
  16,762     

Equity Residential

      1,008,905  
  3,115     

Essex Property Trust, Inc.

      726,636  
  3,565     

Federal Realty Investment Trust

      362,667  
  26,535     

Healthpeak Properties, Inc.

      490,897  
  27,900     

Invitation Homes, Inc.

      918,747  
  32,254     

Kimco Realty Corp.

      651,531  
  5,657     

Mid-America Apartment Communities, Inc.

      714,932  
  44,817     

Prologis, Inc.

      5,677,866  
  7,672     

Public Storage

      2,172,634  
  40,337     

Realty Income Corp.

      2,193,929  
  7,969     

Regency Centers Corp.

      499,417  
  15,826     

Simon Property Group, Inc.

      2,193,642  
  14,679     

UDR, Inc.

      528,738  
  19,520     

Ventas, Inc.

      905,533  
  50,177     

VICI Properties, Inc.

      1,511,331  
  26,847     

Welltower, Inc.

      2,322,534  
  35,407     

Weyerhaeuser Co.

      1,160,287  
     

 

 

  
        37,184,924  
     

 

 

  
 

Telecommunications - 7.8%

   
  4,551     

Equinix, Inc.

      3,776,283  
  5,236     

SBA Communications Corp.

      1,172,131  
     

 

 

  
        4,948,414  
     

 

 

  
 

Web Search Portals, Libraries, Archives, and Other Information Services - 2.6%

   
  19,806     

CoStar Group, Inc. (a)

      1,653,405  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $46,544,520)

    $ 46,880,573  
     

 

 

  
 

SHORT TERM INVESTMENTS - 28.0%

   
 

Money Market Funds - 28.0%

   
  6,322,559     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 6,322,559  
  11,520,403     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      11,520,403  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $17,842,962)

    $ 17,842,962  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $64,387,482) - 101.6% (c)

    $ 64,723,535  
  

Liabilities in Excess of Other Assets - (1.6)%

      (1,057,801 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 63,665,734  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $52,776,491.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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     12/11/2024       456,276     $ 84,625,052     $ 817,687  

Total return of Real Estate Select Sector Index

   5.8400% representing 1 month SOFR rate + spread   J.P. Morgan     1/13/2025       312,640       58,973,225       (493,524 ) 
         

 

 

    

 

 

  
          $ 143,598,277     $ 324,163  
         

 

 

    

 

 

  

Direxion Daily Real Estate Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 96.4%

   
 

Money Market Funds - 96.4%

   
  52,156,421     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 52,156,421  
  49,216,466     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      49,216,466  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $101,372,887) (b)

    $ 101,372,887  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $101,372,887) - 96.4%

    $ 101,372,887  
  

Other Assets in Excess of Liabilities - 3.6%

      3,834,119  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 105,207,006  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $62,332,834.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

  

Terms of Payments to be

Paid at Termination

  

Counterparty

   Termination
Date		     Contracts     Notional
Amount		     Unrealized
Appreciation		  

5.1600% representing 1 month SOFR rate + spread

   Total return of Real Estate Select Sector Index   Bank of America Merrill Lynch     12/11/2024       436,035     $ 83,159,185     $ 1,621,402  

5.1100% representing 1 month SOFR rate + spread

   Total return of Real Estate Select Sector Index   UBS Securities LLC     12/17/2024       453,766       87,395,332       2,431,079  

5.5800% representing 1 month SOFR rate + spread

   Total return of Real Estate Select Sector Index   J.P. Morgan     1/13/2025       794,164       153,229,347       4,836,267  
         

 

 

    

 

 

  
          $ 323,783,864     $ 8,888,748  
         

 

 

    

 

 

  

Direxion Daily Regional Banks Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 79.9%

   
 

Credit Intermediation and Related Activities - 73.5%

   
  11,037     

1st Source Corp.

    $ 576,904  
  12,594     

Amerant Bancorp, Inc.

      284,750  
  85,723     

Ameris Bancorp

      4,255,290  
  400,333     

Associated Banc-Corp

      8,410,996  
  82,851     

Atlantic Union Bankshares Corp.

      2,830,190  
  147,916     

Axos Financial, Inc. (a)

      8,198,984  
  16,340     

BancFirst Corp.

      1,446,253  
  83,776     

Bank of Hawaii Corp.

      5,297,156  
  179,751     

Bank OZK

      8,108,568  
  162,767     

BankUnited, Inc.

      4,599,795  
  41,012     

Banner Corp.

      1,910,339  
  46,606     

Berkshire Hills Bancorp, Inc.

      1,118,544  
  48,129     

BOK Financial Corp.

      4,035,135  
  93,629     

Brookline Bancorp, Inc.

      1,013,066  
  301,578     

Cadence Bank

      8,028,006  
  10,072     

Camden National Corp.

      362,894  
  204,064     

Capitol Federal Financial, Inc.

      1,293,766  
  88,062     

Cathay General Bancorp

      3,625,513  
  737,176     

Citizens Financial Group, Inc.

      24,105,655  
  14,086     

City Holding Co.

      1,439,730  
  9,730     

Coastal Financial Corp. (a)

      388,227  
  314,643     

Columbia Banking System, Inc.

      6,343,203  
  137,466     

Commerce Bancshares, Inc.

      7,164,728  
  70,697     

Community Bank System, Inc.

      3,235,802  
  9,994     

Community Trust Bancorp, Inc.

      414,751  
  22,522     

ConnectOne Bancorp, Inc.

      514,402  
  52,563     

Customers Bancorp, Inc. (a)

      2,808,967  
  195,199     

CVB Financial Corp.

      3,273,487  
  30,846     

Dime Community Bancshares, Inc.

      703,597  
  57,578     

Eagle Bancorp, Inc.

      1,427,359  
  196,589     

East West Bancorp, Inc.

      14,313,645  
  188,809     

Eastern Bankshares, Inc.

      2,635,774  
  30,041     

Enterprise Financial Services Corp.

      1,250,607  
  486,533     

F.N.B. Corp.

      6,412,505  
  32,329     

FB Financial Corp.

      1,204,255  
  31,809     

First Bancorp

      1,099,319  
  238,896     

First BanCorp ADR

      3,984,785  
  17,651     

First Bancshares, Inc.

      448,865  
  27,728     

First Busey Corp.

      652,717  
  116,381     

First Commonwealth Financial Corp.

      1,630,498  
  66,572     

First Financial Bancorp

      1,492,544  
  132,867     

First Financial Bankshares, Inc.

      4,149,436  
  8,378     

First Financial Corp.

      330,261  
  218,630     

First Hawaiian, Inc.

      4,742,085  
  1,500,493     

First Horizon National Corp.

      21,367,020  
  38,295     

First Merchants Corp.

      1,294,754  
  19,060     

Flushing Finanicial Corp.

      305,532  
  245,741     

Fulton Financial Corp.

      3,831,102  
  151,942     

Glacier Bancorp, Inc.

      5,874,078  
  6,001     

Great Southern Bancorp, Inc.

      312,592  
  137,491     

Hancock Holding Co.

      6,202,219  
  36,442     

Hanmi Financial Corp. Class A

      610,403  
  28,152     

HarborOne Bancorp, Inc.

      307,420  
  33,707     

Heartland Financial USA, Inc.

      1,195,587  
  49,410     

Heritage Commerce Corp.

      439,255  
  37,368     

Heritage Financial Corp.

      752,965  
  63,988     

Hilltop Holdings, Inc.

      2,014,982  
  163,654     

Hope Bancorp, Inc.

      1,813,286  
  32,309     

Horizon Bancorp, Inc.

      423,571  
  1,820,506     

Huntington Bancshares, Inc.

      23,175,041  
  48,590     

Independent Bank Corp. (Massachusetts)

      2,725,413  
  12,380     

Independent Bank Corp. (Michigan)

      314,947  
  53,079     

Independent Bank Group, Inc.

      2,566,370  
  44,494     

International Bancshares Corp.

      2,351,953  
  58,356     

Kearny Financial Corp.

      421,914  
  57,109     

Lakeland Bancorp, Inc.

      758,979  
  25,244     

Lakeland Financial Corp.

      1,690,338  
  32,699     

Live Oak Bancshares, Inc.

      1,189,263  
  164,554     

M&T Bank Corp.

      22,724,907  
  7,080     

Mercantile Bank Corp.

      283,837  
  38,491     

Meta Financial Group, Inc.

      1,993,064  
  11,249     

Midland States Bancorp, Inc.

      295,399  
  33,807     

NBT Bancorp, Inc.

      1,202,515  
  2,241,040     

New York Community Bancorp, Inc.

      14,499,529  
  6,945     

Nicolet Bankshares, Inc. (a)

      540,113  
  132,927     

Northwest Bancshares, Inc.

      1,644,307  
  75,996     

OceanFirst Financial Corp.

      1,309,411  
  39,392     

OFG Bancorp ADR

      1,448,444  
  412,623     

Old National Bancorp

      6,795,901  
  31,246     

Old Second Bancorp, Inc.

      425,571  
  17,869     

Origin Bancorp, Inc.

      545,005  
  105,152     

Pacific Premier Bancorp, Inc.

      2,667,706  
  9,892     

Park National Corp.

      1,292,687  
  13,271     

Peapack-Gladstone Financial Corp.

      366,014  
  20,663     

Peoples Bancorp, Inc.

      605,426  
  100,865     

Pinnacle Financial Partners, Inc.

      8,914,449  
  81,442     

Popular, Inc. ADR

      6,959,219  
  18,480     

Preferred Bank

      1,327,603  
  29,365     

Premier Financial Corp.

      613,435  
  142,764     

Prosperity Bancshares, Inc.

      9,124,047  
  117,530     

Provident Financial Services, Inc.

      1,945,122  
  1,251,590     

Regions Financial Corp.

      23,367,185  
  46,853     

Renasant Corp.

      1,481,960  
  27,043     

S&T Bancorp, Inc.

      901,614  
  42,686     

Sandy Spring Bancorp, Inc.

      1,040,685  
  95,013     

Seacoast Banking Corp. of Florida

      2,333,519  
  122,228     

Simmons First National Corp.

      2,323,554  
  25,897     

Southside Bancshares, Inc.

      810,576  
  34,127     

Stellar Bancorp, Inc.

      854,199  
  308,780     

Synovus Financial Corp.

      11,628,655  
  111,883     

Texas Capital Bancshares, Inc. (a)

      6,824,863  
  82,420     

TFS Financial Corp.

      1,097,834  
  67,086     

The Bancorp, Inc. (a)

      2,927,633  
  10,533     

Tompkins Financial Corp.

      520,225  
  43,547     

Towne Bank

      1,224,106  
  16,812     

TriCo Bancshares

      611,116  
  32,364     

Triumph Bancorp, Inc. (a)

      2,286,517  
  635,822     

Truist Financial Corp.

      23,563,563  
  16,258     

TrustCo Bank Corp. NY

      469,856  

  61,965     

Trustmark Corp.

      1,672,435  
  64,413     

UMB Financial Corp.

      5,314,073  
  139,538     

United Bankshares, Inc.

      5,002,437  
  143,322     

United Community Banks, Inc.

      3,918,423  
  23,134     

Univest Corp. of Pennsylvania

      491,366  
  737,051     

Valley National Bancorp

      7,090,431  
  79,929     

Washington Federal, Inc.

      2,321,138  
  21,263     

Washington Trust Bancorp, Inc.

      591,324  
  255,652     

Webster Financial Corp.

      12,649,661  
  35,797     

WesBanco, Inc.

      1,050,284  
  24,329     

Westamerica Bancorp

      1,160,980  
  354,582     

Western Alliance Bancorp

      22,679,065  
  79,311     

Wintrust Financial Corp.

      7,691,581  
  53,552     

WSFS Financial Corp.

      2,383,600  
  560,695     

Zions Bancorp

      23,493,121  
     

 

 

  
        512,803,627  
     

 

 

  
 

Management of Companies and Enterprises - 6.3%

   
  402,995     

Banc of California, Inc.

      5,553,271  
  22,409     

Byline Bancorp, Inc.

      489,413  
  36,795     

Central Pacific Financial Corp.

      709,040  
  19,809     

Colmombia Financial, Inc. (a)

      356,166  
  107,429     

Cullen/Frost Bankers, Inc.

      11,400,365  
  135,915     

First Foundation, Inc.

      1,293,911  
  132,813     

First Interstate BancSystem, Inc.

      3,655,014  
  227,697     

Home Bancshares, Inc.

      5,337,218  
  18,656     

Metropolitan Bank Holding Corp. (a)

      904,629  
  34,044     

National Bank Holdings Corp.

      1,191,540  
  44,038     

ServisFirst Bancshares, Inc.

      2,956,711  
  94,484     

South State Corp.

      7,851,620  
  18,221     

Stock Yards Bancorp, Inc.

      905,948  
  62,283     

Veritex Holdings, Inc.

      1,308,566  
     

 

 

  
        43,913,412  
     

 

 

  
 

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

   
  22,413     

CrossFirst Bankshares, Inc. (a)

      316,472  
  11,537     

QCR Holdings, Inc.

      673,876  
     

 

 

  
        990,348  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $528,952,732)

    $ 557,707,387  
     

 

 

  
 

SHORT TERM INVESTMENTS - 36.7%

   
 

Money Market Funds - 36.7%

   
  119,514,176     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 119,514,176  
  13,667,639     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      13,667,639  
  12,440,305     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      12,440,305  
  110,404,268     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      110,404,268  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $256,026,388)

    $ 256,026,388  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $784,979,120) - 116.6% (c)

    $ 813,733,775  
  

Liabilities in Excess of Other Assets - (16.6)%

      (115,953,230 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 697,780,545  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $642,011,895.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Regional Banks Select Industry Index

   5.8600 % representing 1 month SOFR rate + spread   Goldman Sachs     12/10/2024       180,000     $ 267,555,600     $ 11,897,856  

Total return of S&P Regional Banks Select Industry Index

   6.0600 % representing 1 month SOFR rate + spread   Bank of America Merrill Lynch     12/11/2024       206,578       338,089,108       (17,354,519 ) 

Total return of S&P Regional Banks Select Industry Index

   5.9600 % representing 1 month SOFR rate + spread   Societe Generale     12/16/2024       45,000       75,636,450       (5,817,057 ) 

Total return of S&P Regional Banks Select Industry Index

   5.8100 % representing 1 month SOFR rate + spread   J.P. Morgan     12/16/2024       64,137       97,158,576       2,539,146  

Total return of S&P Regional Banks Select Industry Index

   5.8500 % representing 1 month SOFR rate + spread   UBS Securities LLC     12/17/2024       45,316       72,701,365       (2,296,593 ) 

Total return of S&P Regional Banks Select Industry Index

   5.8600 % representing 1 month SOFR rate + spread   Citibank N.A.     12/19/2024       242,215       391,937,992       (14,615,812 ) 

Total return of S&P Regional Banks Select Industry Index

   5.8100 % representing 1 month SOFR rate + spread   Barclays     12/23/2024       200,000       324,066,000       (13,935,123 ) 
         

 

 

    

 

 

  
          $ 1,567,145,091     $ (39,582,102 ) 
         

 

 

    

 

 

  

Direxion Daily Retail Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 68.7%

   
 

Administrative and Support Services - 0.9%

   
  30,085     

Revolve Group, Inc. (a)

    $ 433,525  
     

 

 

  
 

Building Material and Garden Equipment and Supplies Dealers - 1.0%

   
  2,195     

Tractor Supply Co.

      492,997  
     

 

 

  
 

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 17.1%

   
  5,922     

Abercrombie & Fitch Co. Class A (a)

      603,452  
  8,323     

Academy Sports & Outdoors Inc.

      522,102  
  23,089     

American Eagle Outfitters, Inc.

      457,624  
  12,392     

Bath & Body Works, Inc.

      528,643  
  6,285     

Boot Barn Holdings, Inc. (a)

      450,886  
  12,035     

Caleres, Inc.

      377,538  
  55,912     

Designer Brands, Inc.

      479,166  
  16,521     

Foot Locker, Inc.

      465,231  
  21,483     

Gap, Inc.

      401,517  
  4,167     

Genesco, Inc. (a)

      115,759  
  21,103     

Guess?, Inc.

      471,441  
  28,484     

Nordstrom, Inc.

      516,985  
  3,523     

Ross Stores, Inc.

      494,206  
  7,258     

Shoe Carnival, Inc.

      185,079  
  4,790     

Signet Jewelers Ltd. ADR

      476,509  
  9,114     

The Buckle, Inc.

      338,950  
  5,224     

TJX Companies, Inc.

      495,810  
  12,899     

Urban Outfitters, Inc. (a)

      490,162  
  17,742     

Victoria’s Secret & Co. (a)

      462,179  
     

 

 

  
        8,333,239  
     

 

 

  
 

Food and Beverage Retailers - 4.5%

   
  20,990     

Albertsons Companies, Inc. Class A

      445,408  
  15,926     

Grocery Outlet Holding Corp. (a)

      394,646  
  2,029     

Ingles Markets, Inc.

      170,943  
  10,448     

Kroger Co.

      482,071  
  10,122     

Sprouts Farmers Market, Inc. (a)

      509,845  
  2,665     

Weis Markets, Inc.

      161,899  
     

 

 

  
        2,164,812  
     

 

 

  
 

Food Services and Drinking Places - 1.0%

   
  1,734     

Casey’s General Stores, Inc.

      470,538  
     

 

 

  
 

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 1.8%

   
  6,297     

Best Buy Co., Inc.

      456,470  
  29,949     

GameStop Corp. Class A (a)(b)

      426,174  
     

 

 

  
        882,644  
     

 

 

  
 

General Merchandise Retailers - 15.4%

   
  3,165     

Amazon.com, Inc. (a)

      491,208  
  7,063     

BJ’s Wholesale Club Holdings, Inc. (a)

      454,433  
  2,640     

Burlington Stores, Inc. (a)

      504,636  
  764     

Costco Wholesale Corp.

      530,888  
  1,274     

Dillard’s, Inc. Class A

      493,382  
  3,665     

Dollar General Corp.

      484,037  
  3,748     

Dollar Tree, Inc. (a)

      489,564  
  11,279     

eBay, Inc.

      463,229  
  5,817     

Etsy, Inc. (a)

      387,180  
  2,390     

Five Below, Inc. (a)

      428,909  
  18,896     

Kohl’s Corp.

      486,761  
  26,781     

Macy’s, Inc.

      489,824  
  6,267     

PriceSmart, Inc.

      476,417  
  3,442     

Target Corp.

      478,713  
  3,089     

Wal-Mart Stores, Inc.

      510,457  
  871     

Winmark Corp.

      314,144  
     

 

 

  
        7,483,782  
     

 

 

  
 

Health and Personal Care Retailers - 4.0%

   
  42,150     

Sally Beauty Holdings, Inc. (a)

      519,288  
  969     

Ulta Beauty, Inc. (a)

      486,486  
  20,110     

Walgreens Boots Alliance, Inc.

      453,883  
  39,182     

Warby Parker, Inc. (a)

      499,571  
     

 

 

  
        1,959,228  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 0.4%

   
  2,952     

America’s Car-Mart, Inc. (a)

      179,747  
     

 

 

  
 

Miscellaneous Manufacturing - 1.0%

   
  24,801     

National Vision Holdings, Inc. (a)

      471,467  
     

 

 

  
 

Motor Vehicle and Parts Dealers - 11.2%

   
  8,276     

Advance Auto Parts, Inc.

      553,251  
  2,163     

Asbury Automotive Group, Inc. (a)

      452,197  
  3,426     

AutoNation, Inc. (a)

      478,475  
  179     

AutoZone, Inc. (a)

      494,421  
  6,927     

CarMax, Inc. (a)

      493,064  
  11,568     

Carvana Co. (a)

      498,118  
  1,650     

Group 1 Automotive, Inc.

      429,099  
  7,566     

MarineMax, Inc. (a)

      211,848  
  1,318     

Murphy USA, Inc.

      464,621  
  491     

O’Reilly Automotive, Inc. (a)

      502,318  
  3,100     

Penske Automotive Group, Inc.

      459,947  
  7,948     

Sonic Automotive, Inc.

      401,851  
     

 

 

  
        5,439,210  
     

 

 

  
 

Printing and Related Support Activities - 0.1%

   
  8,468     

Arko Corp.

      66,050  
     

 

 

  
 

Rental and Leasing Services - 0.8%

   
  11,489     

Upbound Group, Inc.

      381,435  
     

 

 

  
 

Repair and Maintenance - 1.0%

   
  13,284     

Valvoline, Inc. (a)

      484,733  
     

 

 

  
 

Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers - 7.5%

   
  19,900     

Camping World Holdings, Inc.

      494,515  
  24,083     

Chewy, Inc. (a)(b)

      429,159  
  3,370     

Dick’s Sporting Goods, Inc.

      502,366  
  5,289     

Hibbett Sports, Inc.

      352,512  
  85,456     

Leslie’s, Inc. (a)

      573,410  
  12,582     

Monro Muffler Brake, Inc.

      400,862  
  6,452     

Ollie’s Bargain Outlet Holdings, Inc. (a)

      464,092  
  8,736     

The ODP Corp. (a)

      446,759  
     

 

 

  
        3,663,675  
     

 

 

  
 

Truck Transportation - 1.0%

   
  1,725     

Lithia Motors, Inc. Class A

      508,617  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $30,876,760)

    $ 33,415,699  
     

 

 

  
 

SHORT TERM INVESTMENTS - 40.3%

   
 

Money Market Funds - 40.3%

   
  12,290,354     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 12,290,354  
  1     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (c)

      1  
  7,325,634     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      7,325,634  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $19,615,989)

    $ 19,615,989  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $50,492,749) - 109.0% (e)

    $ 53,031,688  
  

Liabilities in Excess of Other Assets - (9.0)%

      (4,413,243 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 48,618,445  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2024.

(d) 

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

(e) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $39,747,298.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Retail Select Industry® Index

   5.8100 % representing 1 month SOFR rate + spread   J.P. Morgan     12/16/2024       6,380     $ 45,374,688     $ 606,611  

Total return of S&P Retail Select Industry® Index

   5.9000 % representing 1 month SOFR rate + spread   UBS Securities LLC     12/17/2024       1,296       9,431,415       (89,830 ) 

Total return of S&P Retail Select Industry® Index

   5.7600 % representing 1 month SOFR rate + spread   Citibank N.A.     12/19/2024       7,843       58,924,554       (2,435,376 ) 
         

 

 

    

 

 

  
          $ 113,730,657     $ (1,918,595 ) 
         

 

 

    

 

 

  

Direxion Daily S&P 500® High Beta Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 56.5%

   
 

Accommodation - 1.8%

   
  2,906     

Airbnb, Inc. (a)

    $ 418,871  
  9,468     

Caesars Entertainment Inc. (a)

      415,361  
  6,724     

MGM Resorts International (a)

      291,620  
     

 

 

  
        1,125,852  
     

 

 

  
 

Administrative and Support Services - 2.2%

   
  1,507     

Equifax, Inc.

      368,220  
  1,095     

FleetCor Technologies, Inc. (a)

      317,473  
  773     

Moody’s Corp.

      303,047  
  2,919     

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

      372,173  
     

 

 

  
        1,360,913  
     

 

 

  
 

Amusement, Gambling, and Recreation Industries - 0.5%

   
  2,458     

Global Payments, Inc.

      327,479  
     

 

 

  
 

Apparel Manufacturing - 0.9%

   
  613     

Lululemon Athletica, Inc. (a)

      278,192  
  18,677     

VF Corp.

      307,423  
     

 

 

  
        585,615  
     

 

 

  
 

Broadcasting and Content Providers - 1.2%

   
  30,078     

Paramount Global Class B

      438,838  
  33,628     

Warner Bros Discovery, Inc. (a)

      336,953  
     

 

 

  
        775,791  
     

 

 

  
 

Chemical Manufacturing - 2.1%

   
  2,406     

Albemarle Corp.

      276,065  
  7,578     

Catalent, Inc. (a)

      391,328  
  2,490     

Celanese Corp.

      364,262  
  1,928     

PPG Industries, Inc.

      271,925  
     

 

 

  
        1,303,580  
     

 

 

  
 

Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.5%

   
  7,941     

Bath & Body Works, Inc.

      338,763  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 13.3%

   
  3,393     

Advanced Micro Devices, Inc. (a)

      568,972  
  2,164     

Alphabet, Inc. Class C (a)

      306,855  
  1,234     

Arista Networks, Inc. (a)

      319,211  
  303     

Broadcom, Inc.

      357,540  
  3,808     

Enphase Energy, Inc. (a)

      396,527  
  5,450     

Fortinet, Inc. (a)

      351,470  
  684     

IDEXX Laboratories, Inc. (a)

      352,315  
  2,462     

Illumina, Inc. (a)

      352,091  
  7,047     

Intel Corp.

      303,585  
  4,262     

Microchip Technology, Inc.

      363,037  
  3,571     

Micron Technology, Inc.

      306,213  
  808     

Monolithic Power Systems, Inc.

      486,998  
  914     

NVIDIA Corp.

      562,357  
  1,686     

NXP Semiconductors NV ADR (Netherlands)

      355,021  
  5,616     

ON Semiconductor Corp. (a)

      399,466  
  3,264     

Qorvo, Inc. (a)

      325,551  
  2,568     

Qualcomm, Inc.

      381,374  
  3,428     

Skyworks Solutions, Inc.

      358,089  
  3,681     

Teradyne, Inc.

      355,548  
  6,854     

Trimble, Inc. (a)

      348,594  
  6,719     

Western Digital Corp. (a)

      384,663  
  1,560     

Zebra Technologies Corp. Class A (a)

      373,698  
     

 

 

  
        8,309,175  
     

 

 

  
 

Credit Intermediation and Related Activities - 5.7%

   
  2,711     

Capital One Financial Corp.

      366,852  
  9,919     

Citizens Financial Group, Inc.

      324,351  
  7,860     

Comerica, Inc.

      413,279  
  2,988     

Discover Financial Services

      315,294  
  4,756     

Fidelity National Information Services, Inc.

      296,108  
  28,194     

KeyCorp

      409,659  
  3,626     

Northern Trust Corp.

      288,775  
  8,860     

Synchrony Financial

      344,388  
  9,568     

Truist Financial Corp.

      354,590  
  10,474     

Zions Bancorp

      438,861  
     

 

 

  
        3,552,157  
     

 

 

  
 

Electrical Equipment, Appliance, and Component Manufacturing - 1.1%

   
  3,936     

Generac Holdings, Inc. (a)

      447,405  
  2,221     

Whirlpool Corp.

      243,244  
     

 

 

  
        690,649  
     

 

 

  
 

Fabricated Metal Product Manufacturing - 1.1%

   
  4,495     

Pentair PLC ADR (Ireland)

      328,899  
  3,578     

Stanley Black & Decker, Inc.

      333,827  
     

 

 

  
        662,726  
     

 

 

  
 

Funds, Trusts, and Other Financial Vehicles - 0.6%

   
  3,562     

T. Rowe Price Group, Inc.

      386,299  
     

 

 

  
 

General Merchandise Retailers - 1.6%

   
  2,279     

Amazon.com, Inc. (a)

      353,701  
  6,387     

eBay, Inc.

      262,314  
  5,418     

Etsy, Inc. (a)

      360,622  
     

 

 

  
        976,637  
     

 

 

  
 

Machinery Manufacturing - 1.3%

   
  2,261     

Applied Materials, Inc.

      371,482  
  526     

Lam Research Corp.

      434,040  
     

 

 

  
        805,522  
     

 

 

  
 

Management of Companies and Enterprises - 1.5%

   
  32,178     

Carnival Corp. ADR (Panama)(a)

      533,511  
  23,908     

Norwegian Cruise Line Holdings Ltd. ADR (a)

      425,563  
     

 

 

  
        959,074  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 1.7%

   
  608     

KLA-Tencor Corp.

      361,176  
  3,755     

Mohawk Industries, Inc. (a)

      391,459  
  900     

Pool Corp.

      334,125  
     

 

 

  
        1,086,760  
     

 

 

  
 

Mining (except Oil and Gas) - 0.5%

   
  8,360     

Freeport-McMoRan Copper & Gold, Inc.

      331,808  
     

 

 

  
 

Miscellaneous Manufacturing - 1.3%

   
  1,812     

Align Technology, Inc. (a)

      484,384  
  2,247     

Estee Lauder Companies, Inc. Class A

      296,581  
     

 

 

  
        780,965  
     

 

 

  
 

Motion Picture and Sound Recording Industries - 0.6%

   
  629     

Netflix, Inc. (a)

      354,825  
     

 

 

  
 

Motor Vehicle and Parts Dealers - 0.5%

   
  4,321     

CarMax, Inc. (a)

      307,569  
     

 

 

  
 

Professional, Scientific, and Technical Services - 3.1%

   
  1,368     

EPAM Systems, Inc. (a)

      380,454  
  10,576     

Match Group, Inc. (a)

      405,907  
  1,078     

Meta Platforms, Inc. (a)

      420,571  
  1,861     

Paycom Software, Inc.

      354,037  
  512     

ServiceNow, Inc. (a)

      391,885  
     

 

 

  
        1,952,854  
     

 

 

  

 

Publishing Industries - 5.9%

   
  551     

Adobe Systems, Inc. (a)

      340,397  
  987     

Ansys, Inc. (a)

      323,568  
  1,586     

Autodesk, Inc. (a)

      402,543  
  1,006     

Cadence Design Systems, Inc. (a)

      290,191  
  5,174     

Dayforce, Inc. (a)

      359,696  
  328     

Fair Isaac Corp. (a)

      393,216  
  623     

Intuit, Inc.

      393,318  
  705     

Microsoft Corp.

      280,294  
  1,232     

Salesforce.com, Inc. (a)

      346,303  
  505     

Synopsys, Inc. (a)

      269,342  
  621     

Tyler Technologies, Inc. (a)

      262,528  
     

 

 

  
        3,661,396  
     

 

 

  
 

Real Estate - 0.9%

   
  3,519     

CBRE Group, Inc. Class A (a)

      303,725  
  1,939     

Digital Realty Trust, Inc.

      272,352  
     

 

 

  
        576,077  
     

 

 

  
 

Rental and Leasing Services - 0.7%

   
  646     

United Rentals, Inc.

      404,008  
     

 

 

  
 

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

   
  11,597     

Franklin Resources, Inc.

      308,828  
  24,015     

Invesco Ltd. ADR (a)

      380,157  
  560     

MSCI, Inc. Class A

      335,227  
  3,639     

The Blackstone Group, Inc.

      452,874  
     

 

 

  
        1,477,086  
     

 

 

  
 

Support Activities for Transportation - 0.6%

   
  2,603     

Expedia, Inc. (a)

      386,103  
     

 

 

  
 

Telecommunications - 0.5%

   
  5,139     

PayPal Holdings, Inc. (a)

      315,278  
     

 

 

  
 

Transportation Equipment Manufacturing - 1.5%

   
  3,864     

Aptiv PLC ADR (United Kingdom)(a)

      314,259  
  25,374     

Ford Motor Co.

      297,384  
  1,694     

Tesla Motors, Inc. (a)

      317,269  
     

 

 

  
        928,912  
     

 

 

  
 

Truck Transportation - 0.4%

   
  665     

Old Dominion Freight Line, Inc.

      260,028  
     

 

 

  
 

Wood Product Manufacturing - 0.5%

   
  4,682     

Masco Corp.

      315,052  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $32,221,120)

    $ 35,298,953  
     

 

 

  
 

SHORT TERM INVESTMENTS - 48.7%

   
 

Money Market Funds - 48.7%

   
  21,336,535     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 21,336,535  
  669,948     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      669,948  
  8,426,570     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      8,426,570  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $30,433,053)

    $ 30,433,053  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $62,654,173) - 105.2% (c)

    $ 65,732,006  
  

Liabilities in Excess of Other Assets - (5.2)%

      (3,239,536 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 62,492,470  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $43,664,383.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 500® High Beta Index

   5.9000% representing 1 month SOFR rate + spread   J.P. Morgan   12/16/2024     1,502     $ 27,167,590     $ 1,107,127  

Total return of S&P 500® High Beta Index

   5.3500% representing 1 month SOFR rate + spread   UBS Securities LLC   12/17/2024     2,203       41,035,504       458,993  

Total return of S&P 500® High Beta Index

   5.7100% representing 1 month SOFR rate + spread   Citibank N.A.   12/19/2024     2,228       42,685,205       (730,091 ) 

Total return of S&P 500® High Beta Index

   5.7600% representing 1 month SOFR rate + spread   Barclays   12/23/2024     2,094       39,668,594       (218,703 ) 
         

 

 

    

 

 

  
          $ 150,556,893     $ 617,326  
         

 

 

    

 

 

  

Direxion Daily S&P 500® High Beta Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 104.4%

   
 

Money Market Funds - 104.4%

   
  18,172,682     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 18,172,682  
  14,861,045     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      14,861,045  
  13,407,056     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      13,407,056  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $46,440,783) (b)

    $ 46,440,783  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $46,440,783) - 104.4%

    $ 46,440,783  
  

Liabilities in Excess of Other Assets - (4.4)%

      (1,962,569 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 44,478,214  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $29,754,217.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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)		  

5.3600% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index   Bank of America Merrill Lynch     12/11/2024       1,321     $ 23,615,107     $ (1,266,935 ) 

5.6900% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index   J.P. Morgan     12/16/2024       1,206       22,854,212       108,086  

5.1300% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index   UBS Securities LLC     12/17/2024       908       17,386,074       203,477  

5.5100% representing 1 month SOFR rate + spread

   Total return of S&P 500® High Beta Index   Barclays     12/23/2024       3,604       68,255,119       284,349  
         

 

 

    

 

 

  
          $ 132,110,512     $ (671,023 ) 
         

 

 

    

 

 

  

Direxion Daily S&P Biotech Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

         Fair Value  

COMMON STOCKS - 71.3%

   

Administrative and Support Services - 0.3%

   

235,879

   

Day One Biopharmaceuticals (a)

    $ 3,549,979  
     

 

 

  

Ambulatory Health Care Services - 2.1%

 

190,015

   

CareDx, Inc. (a)

      1,626,528  

65,146

   

Keros Therapeutics, Inc. (a)

      3,606,483  

154,094

   

Natera, Inc. (a)

      10,160,958  

170,409

   

Vera Therapeutics, Inc. (a)

      6,206,296  
     

 

 

  
        21,600,265  
     

 

 

  

Apparel Manufacturing - 0.2%

 

436,740

   

Sana Biotechnology, Inc. (a)

      2,397,703  
     

 

 

  

Chemical Manufacturing - 45.9%

   

452,760

   

89bio, Inc. (a)

      4,482,324  

60,038

   

AbbVie, Inc.

      9,870,247  

427,073

   

Acadia Pharmaceuticals Inc. (a)

      11,065,461  

543,249

   

ADMA Biologics, Inc. (a)

      2,819,462  

153,177

   

Agios Pharmaceuticals, Inc. (a)

      3,464,864  

346,477

   

Alkermes PLC ADR (Ireland) (a)

      9,372,203  

52,709

   

Alnylam Pharmaceuticals, Inc. (a)

      9,113,913  

80,001

   

Alpine Immune Sciences, Inc. (a)

      2,128,827  

33,309

   

Amgen, Inc.

      10,467,686  

793,745

   

Amicus Therapeutics, Inc. (a)

      9,866,250  

111,725

   

Arcellx, Inc. (a)

      6,909,074  

112,939

   

Arcturus Therapeutics Holdings, Inc. (a)

      3,723,599  

250,897

   

Arcus Biosciences Inc. (a)

      3,798,581  

380,390

   

Avid Bioservices, Inc. (a)

      2,575,240  

339,031

   

Beam Therapeutics, Inc. (a)(b)

      8,272,356  

953,658

   

BioCryst Pharmaceuticals, Inc. (a)

      5,054,387  

37,448

   

Biogen, Inc. (a)

      9,236,924  

271,026

   

Biohaven, Ltd. ADR (a)

      12,055,236  

96,400

   

BioMarin Pharmaceutical, Inc. (a)

      8,490,912  

101,470

   

Biomea Fusion, Inc. (a)(b)

      1,834,578  

1,301,861

   

bluebird bio, Inc. (a)

      1,327,898  

121,121

   

Blueprint Medicines Corp. (a)

      9,632,753  

275,513

   

BridgeBio Pharma, Inc. (a)

      9,447,341  

380,434

   

Caribou Biosciences, Inc. (a)

      2,332,060  

351,453

   

Catalyst Pharmaceuticals, Inc. (a)

      5,060,923  

147,715

   

Celldex Therapeutics, Inc. (a)

      5,202,522  

288,092

   

Cogent Biosciences, Inc. (a)

      1,276,248  

243,799

   

Crinetics Pharmaceuticals, Inc. (a)

      8,893,788  

139,302

   

Deciphera Pharmaceuticals, Inc. (a)

      1,994,805  

321,321

   

Denali Therapeutics, Inc. (a)

      5,144,349  

1,665,724

   

Geron Corp. (a)

      3,064,932  

113,391

   

Gilead Sciences, Inc.

      8,873,980  

224,277

   

Halozyme Therapeutics, Inc. (a)

      7,591,776  

738,312

   

ImmunityBio, Inc. (a)(b)

      2,480,728  

306,751

   

Immunogen, Inc. (a)

      8,993,939  

163,796

   

Incyte Corp. (a)

      9,626,291  

320,437

   

Insmed, Inc. (a)

      8,908,149  

308,735

   

Intellia Therapeutics, Inc. (a)

      7,354,068  

184,025

   

Ionis Pharmaceuticals, Inc. (a)

      9,457,045  

700,355

   

Ironwood Pharmaceuticals, Inc. Class A (a)

      9,938,037  

43,599

   

Karuna Therapeutics, Inc. (a)

      13,664,799  

95,669

   

Kiniksa Pharmaceuticals, Ltd. ADR (a)

      1,686,644  

83,851

   

Krystal Biotech, Inc. (a)

      9,328,424  

94,541

   

MacroGenics, Inc. (a)

      1,351,936  

43,003

   

Madrigal Pharmaceuticals, Inc. (a)

      9,319,180  

815,464

   

MannKind Corp. (a)

      2,723,650  

130,083

   

Mirum Pharmaceuticals, Inc. (a)

      3,441,996  

202,321

   

Morphic Holding, Inc. (a)

      6,411,553  

171,053

   

Myriad Genetics, Inc. (a)

      3,658,824  

76,395

   

Neurocrine Biosciences, Inc. (a)

      10,677,729  

1,608,588

   

Novavax, Inc. (a)(b)

      6,434,352  

207,001

   

Prothena Corp. PLC ADR (Ireland) (a)

      5,876,758  

339,275

   

PTC Therapeutics, Inc. (a)

      8,851,685  

91,365

   

RAPT Therapeutics, Inc. (a)

      2,261,284  

10,664

   

Regeneron Pharmaceuticals, Inc. (a)

      10,053,806  

120,587

   

REGENXBIO, Inc. (a)

      1,485,632  

462,459

   

Replimune Group Inc. (a)

      3,588,682  

121,409

   

Rhythm Pharmaceuticals, Inc. (a)

      5,355,351  

208,081

   

Rocket Pharmaceuticals, Inc. (a)

      5,978,167  

911,471

   

Roivant Sciences Ltd. ADR (Ireland) (a)

      9,114,710  

306,294

   

Sage Therapeutics, Inc. (a)

      7,853,378  

102,937

   

Sarepta Therapeutics, Inc. (a)

      12,248,474  

107,494

   

Scholar Rock Holding Corp. (a)

      1,499,541  

51,776

   

Soleno Therapeutics, Inc. (a)

      2,399,818  

144,060

   

SpringWorks Therapeutics, Inc. (a)

      6,357,368  

402,563

   

Syndax Pharmaceuticals Inc. (a)

      8,248,516  

569,974

   

TG Therapeutics, Inc. (a)

      9,256,378  

428,305

   

Travere Therapeutics, Inc. (a)

      3,824,764  

229,141

   

Twist Bioscience Corp. (a)

      7,424,168  

221,459

   

Ultragenyx Pharmaceutical, Inc. (a)

      9,768,556  

368,032

   

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

      2,046,258  

37,075

   

United Therapeutics Corp. (a)

      7,962,969  

159,141

   

Veracyte, Inc. (a)

      3,981,708  

105,602

   

Vericel Corp. (a)

      4,538,774  

25,598

   

Vertex Pharmaceuticals, Inc. (a)

      11,093,661  

202,087

   

Viridian Therapeutics, Inc. (a)

      3,890,175  

119,576

   

Xencor, Inc. (a)

      2,236,071  
     

 

 

  
        487,099,495  
     

 

 

  

Hospitals - 0.9%

   

126,789

   

Nuvalent, Inc. (a)

      9,530,729  
     

 

 

  

Merchant Wholesalers, Durable Goods - 0.3%

   

163,711

   

Dyne Therapeutics, Inc. (a)

      3,503,415  
     

 

 

  

Merchant Wholesalers, Nondurable Goods - 3.4%

   

450,918

   

Akero Therapeutics, Inc. (a)

      9,744,338  

208,844

   

Cabaletta Bio, Inc. (a)(b)

      4,277,125  

167,451

   

Protagonist Therapeutics Inc. (a)

      4,187,950  

326,892

   

Relay Therapeutics, Inc. (a)

      3,023,751  

412,437

   

Viking Therapeutics, Inc. (a)

      9,956,229  

359,397

   

Zentalis Pharmaceuticals, Inc. (a)

      4,258,854  
     

 

 

  
        35,448,247  
     

 

 

  

Miscellaneous Manufacturing - 0.1%

   

181,325

   

MiMedx Group, Inc. (a)

      1,403,455  
     

 

 

  

Professional, Scientific, and Technical Services - 15.5%

   

85,273

   

4D Molecular Therapeutics, Inc. (a)

      1,470,959  

190,521

   

Alector, Inc. (a)

      1,135,505  

231,561

   

Anavex Life Sciences Corp. (a)(b)

      1,382,419  

142,825

   

Apellis Pharmaceuticals, Inc. (a)

      9,039,394  

1,372,740

   

Ardelyx, Inc. (a)

      11,984,020  

364,353

   

Arrowhead Pharmaceuticals, Inc. (a)

      11,695,731  

195,833

   

Avidity Biosciences, Inc. (a)

      2,395,038  

138,815

   

Crispr Therapeutics AG ADR (Switzerland) (a)

      8,738,404  

262,749

   

Cytokinetics, Inc. (a)

      20,528,579  

539,229

   

Dynavax Technologies Corp. (a)

      6,966,839  

355,576      Editas Medicine, Inc. (a)    2,499,699  
  138,439     

Exact Sciences Corp. (a)

      9,053,911  
  407,255     

Exelixis, Inc. (a)

      8,861,869  
  192,960     

IDEAYA Biosciences, Inc. (a)

      8,399,549  
  103,033     

Inhibrx, Inc. (a)

      3,969,862  
  150,963     

Kura Oncology, Inc. (a)

      3,040,395  
  119,949     

Kymera Therapeutics, Inc. (a)

      3,931,928  
  111,538     

Moderna, Inc. (a)

      11,270,915  
  1,009,127     

Recursion Pharmaceuticals, Inc. (a)(b)

      9,495,885  
  364,361     

Revolution Medicines, Inc. (a)

      10,111,018  
  158,098     

Vaxcyte, Inc. (a)

      11,291,359  
  304,353     

Verve Therapeutics, Inc. (a)(b)

      3,293,100  
  398,165     

Vir Biotechnology, Inc. (a)

      3,742,751  
     

 

 

  
        164,299,129  
     

 

 

  
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.7%

   
  141,185     

Cerevel Therapeutics Holdings, Inc. (a)

      5,915,651  
  39,782     

Disc Medicine, Inc. (a)

      2,615,667  
  228,624     

Immunovant Inc. (a)

      8,324,200  
  620,131     

Scilex Holding Co. (a)(b)

      1,017,015  
     

 

 

  
        17,872,533  
     

 

 

  
 

Support Activities for Transportation - 0.9%

   
  1,244,997     

Iovance Biotherapeutics, Inc. (a)

      9,623,827  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $721,331,680)

    $ 756,328,777  
     

 

 

  
 

SHORT TERM INVESTMENTS - 33.0%

   
 

Money Market Funds - 33.0%

   
  196,474,824     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 196,474,824  
  35,035,070     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (c)

      35,035,070  
  15,540,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (c)

      15,540,000  
  103,521,274     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      103,521,274  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $350,571,168)

    $ 350,571,168  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $1,071,902,848) - 104.3% (e)

    $ 1,106,899,945  
  

Liabilities in Excess of Other Assets - (4.3)%

      (45,974,144 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 1,060,925,801  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2024.

(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 $895,335,911.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 Biotechnology Select Industry Index

    5.8100% representing 1 month SOFR rate + spread    BNP Paribas      12/4/2024        48,000      $ 296,252,640      $ 28,174,272  

Total return of S&P Biotechnology Select Industry Index

    5.8600% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        63,772        399,895,963        31,344,166  

Total return of S&P Biotechnology Select Industry Index

    5.8100% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        66,838        416,582,193        35,686,600  

Total return of S&P Biotechnology Select Industry Index

    5.6100% representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        17,095        106,726,820        8,967,882  

Total return of S&P Biotechnology Select Industry Index

    5.8800% representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        60,000        395,643,166        10,318,477  

Total return of S&P Biotechnology Select Industry Index

    5.8300% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        54,485        373,371,537        (3,846,943 ) 

Total return of S&P Biotechnology Select Industry Index

    6.2600% representing 1 month SOFR rate + spread    Barclays      12/23/2024        45,846        298,807,034        11,759,266  
              

 

 

     

 

 

  
               $ 2,287,279,353      $ 122,403,720  
              

 

 

     

 

 

  

Direxion Daily S&P Biotech Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 119.9%

   
 

Money Market Funds - 119.9%

   
  54,994,898     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 54,994,898  
  11,349,403     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      11,349,403  
  26,880,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      26,880,000  
  46,149,055     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      46,149,055  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $139,373,356) (b)

    $ 139,373,356  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $139,373,356) - 119.9%

    $ 139,373,356  
  

Liabilities in Excess of Other Assets - (19.9)%

      (23,104,439 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 116,268,917  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $87,413,513.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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)		  

5.6100% representing 1 month SOFR rate + spread

    Total return of S&P Biotechnology Select Industry Index    Goldman Sachs      12/10/2024        5,559      $ 34,472,693      $ (3,123,643 ) 

5.6100% representing 1 month SOFR rate + spread

    Total return of S&P Biotechnology Select Industry Index    Bank of America Merrill Lynch      12/11/2024        6,701        46,843,780        1,296,638  

5.3900% representing 1 month SOFR rate + spread

    Total return of S&P Biotechnology Select Industry Index    J.P. Morgan      12/16/2024        10,599        72,591,178        635,961  

5.4200% representing 1 month SOFR rate + spread

    Total return of S&P Biotechnology Select Industry Index    UBS Securities LLC      12/17/2024        2,314        15,147,513        (514,571 ) 

5.5800% representing 1 month SOFR rate + spread

    Total return of S&P Biotechnology Select Industry Index    Citibank N.A.      12/19/2024        11,566        82,504,797        3,934,497  

5.5600% representing 1 month SOFR rate + spread

    Total return of S&P Biotechnology Select Industry Index    Barclays      12/23/2024        14,440        101,941,458        4,088,444  
              

 

 

     

 

 

  
               $ 353,501,419      $ 6,317,326  
              

 

 

     

 

 

  

Direxion Daily Semiconductor Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 79.1%

   
 

Computer and Electronic Product Manufacturing - 64.8%

   
  3,697,937     

Advanced Micro Devices, Inc. (a)

    $ 620,107,055  
  1,221,458     

Analog Devices, Inc.

      234,959,661  
  4,235,146     

ASE Technology Holding Co., Ltd. ADR (Taiwan)

      39,344,506  
  484,542     

Broadcom, Inc.

      571,759,560  
  8,052,041     

Intel Corp.

      346,881,926  
  943,209     

Lattice Semiconductor Corp. (a)

      57,403,700  
  4,020,043     

Marvell Technology, Inc.

      272,156,911  
  2,685,724     

Microchip Technology, Inc.

      228,769,970  
  2,943,105     

Micron Technology, Inc.

      252,371,254  
  435,441     

MKS Instruments, Inc.

      46,352,694  
  314,963     

Monolithic Power Systems, Inc.

      189,834,499  
  958,303     

NVIDIA Corp.

      589,615,087  
  1,097,582     

NXP Semiconductors NV ADR (Netherlands)

      231,117,842  
  2,966,547     

ON Semiconductor Corp. (a)

      211,010,488  
  667,971     

Qorvo, Inc. (a)

      66,623,427  
  2,788,659     

Qualcomm, Inc.

      414,143,748  
  738,675     

Rambus, Inc. (a)

      50,621,398  
  1,101,901     

Skyworks Solutions, Inc.

      115,104,578  
  1,761,232     

STMicroelectronics NV ADR (Netherlands)

      77,705,556  
  2,069,158     

Taiwan Semiconductor Manufacturing Co. Ltd. ADR (Taiwan)

      233,732,088  
  1,053,213     

Teradyne, Inc.

      101,729,844  
  1,467,341     

Texas Instruments, Inc.

      234,950,641  
  4,835,246     

United Microelectronics Corp. ADR (Taiwan) (b)

      37,279,747  
  856,603     

Wolfspeed, Inc. (a)

      27,882,428  
     

 

 

  
        5,251,458,608  
     

 

 

  
 

Machinery Manufacturing - 9.8%

   
  1,496,609     

Applied Materials, Inc.

      245,892,859  
  294,698     

ASML Holding NV ADR (Netherlands)

      256,334,214  
  221,936     

Axcelis Technologies, Inc. (a)

      28,862,777  
  313,330     

Lam Research Corp.

      258,550,516  
     

 

 

  
        789,640,366  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 4.5%

   
  1,031,675     

Entegris, Inc.

      121,428,148  
  411,726     

KLA-Tencor Corp.

      244,581,713  
     

 

 

  
        366,009,861  
     

 

 

  
   TOTAL COMMON STOCKS (Cost $5,421,923,129)    $ 6,407,108,835  
     

 

 

  
 

SHORT TERM INVESTMENTS - 25.5%

   
 

Money Market Funds - 25.5%

   
  845,545,191     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 845,545,191  
  631,020,000     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (c)

      631,020,000  
  74,272,352     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      74,272,352  
  520,000,000     

JPMorgan 100% U.S. Treasury Securities Money Market Fund Institutional Shares, 5.21% (c)

      520,000,000  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $2,070,837,543)

    $ 2,070,837,543  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $7,492,760,672) - 104.6% (e)

    $ 8,477,946,378  
  

Liabilities in Excess of Other Assets - (4.6)%

      (371,836,291 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 8,106,110,087  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a)

Non-income producing security.

(b)

A portion of this security represents a security on loan.

(c)

Represents annualized seven-day yield at January 31, 2024.

(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 $2,190,742,460.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 ICE Semiconductor Index

    6.2600% representing 1 month SOFR rate + spread    BNP Paribas      12/4/2024        2,243,521      $ 1,978,433,978      $ 245,552,631  

Total return of ICE Semiconductor Index

    6.1900% representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        3,002,376        3,123,779,757        (128,781,030 ) 

Total return of ICE Semiconductor Index

    5.9600% representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        2,837,274        2,541,388,662        272,708,024  

Total return of ICE Semiconductor Index

    5.9900% representing 1 month SOFR rate + spread    Société Generale      12/16/2024        200,000        192,822,000        5,458,147  

Total return of ICE Semiconductor Index

    5.9500% representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        780,363        721,047,608        52,770,361  

Total return of ICE Semiconductor Index

    6.1500% representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        1,776,091        1,666,222,011        94,545,971  

Total return of ICE Semiconductor Index

    6.1700% representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        3,207,967        3,109,331,170        78,464,192  

Total return of ICE Semiconductor Index

    6.1600% representing 1 month SOFR rate + spread    Barclays      12/23/2024        3,895,302        3,732,120,362        135,407,320  
              

 

 

     

 

 

  
               $ 17,065,145,548      $ 756,125,616  
              

 

 

     

 

 

  

Direxion Daily Semiconductor Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 113.3%

   
 

Money Market Funds - 113.3%

   
  467,300,185     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 467,300,185  
  153,262,696     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      153,262,696  
  166,443,245     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      166,443,245  
  165,977,265     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      165,977,265  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $952,983,391) (b)

    $ 952,983,391  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $952,983,391) - 113.3%

    $ 952,983,391  
  

Liabilities in Excess of Other Assets - (13.3)%

      (112,200,024 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 840,783,367  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $617,415,659.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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)		  

5.4100% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index    BNP Paribas      12/4/2024        313,815      $ 309,753,647      $ (2,391,631 ) 

5.8400% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index    Goldman Sachs      12/10/2024        525,951        533,579,861        9,049,343  

5.7600% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index   

Bank of

America Merrill Lynch

      12/11/2024        216,845        212,416,515        (2,938,764 ) 

5.7900% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index    Société Generale      12/16/2024        200,000        192,822,000        (5,509,566 ) 

5.6600% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index    J.P. Morgan      12/16/2024        182,587        168,708,562        (12,410,832 ) 

5.7200% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index    UBS Securities LLC      12/17/2024        212,856        200,563,845        (10,860,376 ) 

5.8900% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index    Citibank N.A.      12/19/2024        196,596        189,730,868        (5,315,119 ) 

5.6400% representing 1 month SOFR rate + spread

    Total return of ICE Semiconductor Index    Barclays      12/23/2024        678,105        655,041,136        (19,195,397 ) 
              

 

 

     

 

 

  
               $ 2,462,616,434      $ (49,572,342 ) 
              

 

 

     

 

 

  

Direxion Daily Technology Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 76.5%

   
 

Administrative and Support Services - 0.3%

   
  19,646     

Gartner, Inc. (a)

    $ 8,986,866  
     

 

 

  
 

Computer and Electronic Product Manufacturing - 39.8%

   
  406,747     

Advanced Micro Devices, Inc. (a)

      68,207,404  
  150,630     

Amphenol Corp. Class A

      15,228,693  
  125,422     

Analog Devices, Inc.

      24,126,176  
  2,631,665     

Apple, Inc.

      485,279,026  
  63,485     

Arista Networks, Inc. (a)

      16,422,300  
  106,719     

Broadcom, Inc.

      125,928,420  
  1,019,608     

Cisco Systems, Inc.

      51,163,930  
  34,391     

Enphase Energy, Inc. (a)

      3,581,135  
  160,483     

Fortinet, Inc. (a)

      10,349,549  
  218,955     

HP, Inc.

      6,286,198  
  1,061,285     

Intel Corp.

      45,720,158  
  229,848     

International Business Machines Corp.

      42,213,884  
  32,235     

Jabil Circuit, Inc.

      4,038,723  
  44,719     

Keysight Technologies, Inc. (a)

      6,853,634  
  136,216     

Microchip Technology, Inc.

      11,602,879  
  276,451     

Micron Technology, Inc.

      23,705,673  
  12,088     

Monolithic Power Systems, Inc.

      7,285,679  
  41,796     

Motorola Solutions, Inc.

      13,353,822  
  52,571     

NetApp, Inc.

      4,584,191  
  212,101     

NVIDIA Corp.

      130,499,382  
  64,904     

NXP Semiconductors NV ADR (Netherlands)

      13,666,835  
  108,449     

ON Semiconductor Corp. (a)

      7,713,977  
  24,506     

Qorvo, Inc. (a)

      2,444,228  
  280,154     

Qualcomm, Inc.

      41,605,671  
  26,859     

Roper Technologies, Inc.

      14,423,283  
  48,971     

Seagate Technology Holdings PLC ADR (Ireland)

      4,195,835  
  40,130     

Skyworks Solutions, Inc.

      4,191,980  
  38,518     

Teradyne, Inc.

      3,720,454  
  228,608     

Texas Instruments, Inc.

      36,604,713  
  62,591     

Trimble, Inc. (a)

      3,183,378  
  81,591     

Western Digital Corp. (a)

      4,671,085  
  12,972     

Zebra Technologies Corp. Class A (a)

      3,107,443  
     

 

 

  
        1,235,959,738  
     

 

 

  
 

Electrical Equipment, Appliance, and Component Manufacturing - 0.4%

   
  78,235     

TE Connectivity Ltd. ADR (Switzerland)

      11,124,235  
     

 

 

  
 

Machinery Manufacturing - 2.0%

   
  210,608     

Applied Materials, Inc.

      34,602,894  
  33,192     

Lam Research Corp.

      27,389,043  
     

 

 

  
        61,991,937  
     

 

 

  
 

Merchant Wholesalers, Durable Goods - 0.6%

   
  34,217     

KLA-Tencor Corp.

      20,326,267  
     

 

 

  
 

Nonmetallic Mineral Product Manufacturing - 0.2%

   
  193,327     

Corning, Inc.

      6,281,194  
     

 

 

  
 

Professional, Scientific, and Technical Services - 6.6%

   
  158,004     

Accenture PLC Class A ADR (Ireland)

      57,494,495  
  33,779     

CDW Corp.

      7,658,375  
  126,174     

Cognizant Technology Solutions Corp. Class A

      9,730,539  
  14,561     

EPAM Systems, Inc. (a)

      4,049,560  
  15,058     

F5 Networks, Inc. (a)

      2,766,155  
  80,233     

Juniper Networks, Inc.

      2,965,412  
  399,923     

Oracle Corp.

      44,671,399  
  78,242     

Palto Alto Networks, Inc. (a)

      26,485,699  
  51,575     

ServiceNow, Inc. (a)

      39,475,505  
  11,801     

Teledyne Technologies, Inc. (a)

      4,938,364  
  22,407     

VeriSign, Inc. (a)

      4,456,304  
     

 

 

  
        204,691,807  
     

 

 

  
 

Publishing Industries - 26.5%

   
  114,600     

Adobe Systems, Inc. (a)

      70,797,588  
  37,948     

Akamai Technologies, Inc. (a)

      4,676,332  
  21,833     

Ansys, Inc. (a)

      7,157,512  
  53,770     

Autodesk, Inc. (a)

      13,647,364  
  68,518     

Cadence Design Systems, Inc. (a)

      19,764,702  
  6,223     

Fair Isaac Corp. (a)

      7,460,319  
  322,944     

Hewlett Packard Enterprise Co.

      4,937,814  
  70,505     

Intuit, Inc.

      44,511,922  
  1,376,294     

Microsoft Corp.

      547,186,969  
  141,946     

NortonLifeLock, Inc.

      3,332,892  
  29,931     

PTC, Inc. (a)

      5,407,035  
  244,901     

Salesforce.com, Inc. (a)

      68,839,222  
  38,286     

Synopsys, Inc. (a)

      20,419,838  
  10,581     

Tyler Technologies, Inc. (a)

      4,473,118  
     

 

 

  
        822,612,627  
     

 

 

  
 

Utilities - 0.1%

   
  26,864     

First Solar, Inc. (a)

      3,930,202  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $2,211,774,536)

    $ 2,375,904,873  
     

 

 

  
 

SHORT TERM INVESTMENTS - 28.5%

   
 

Money Market Funds - 28.5%

   
  443,033,881     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 443,033,881  
  126,205,894     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      126,205,894  
  108,233,029     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      108,233,029  
  206,176,045     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      206,176,045  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $883,648,849)

    $ 883,648,849  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $3,095,423,385) - 105.0% (c)

    $ 3,259,553,722  
  

Liabilities in Excess of Other Assets - (5.0)%

      (155,376,569 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 3,104,177,153  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,151,030,771.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be
Received at Termination

   

Terms of Payments to be
Paid at Termination

   

Counterparty

    Termination Date      Contracts      Notional Amount      Unrealized
Appreciation		  

Total return of Technology Select Sector Index

    6.1000 % representing 1 month SOFR rate + spread    BNP Paribas      12/4/2024        343,222      $ 637,061,119      $ 41,497,940  

Total return of Technology Select Sector Index

    5.9600 % representing 1 month SOFR rate + spread    Goldman Sachs      12/10/2024        693,921        1,329,884,130        45,468,098  

Total return of Technology Select Sector Index

    5.9100 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch      12/11/2024        536,867        1,009,892,046        51,828,630  

Total return of Technology Select Sector Index

    6.0300 % representing 1 month SOFR rate + spread    Societe Generale      12/16/2024        100,000        191,782,999        5,984,250  

Total return of Technology Select Sector Index

    5.9100 % representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        355,000        677,290,122        24,714,732  

Total return of Technology Select Sector Index

    6.0000 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        485,000        933,144,850        25,900,356  

Total return of Technology Select Sector Index

    6.1600 % representing 1 month SOFR rate + spread    Citibank N.A.      12/19/2024        391,719        755,570,479        19,290,055  

Total return of Technology Select Sector Index

    5.9000 % representing 1 month SOFR rate + spread    Barclays      12/23/2024        577,272        1,101,921,902        41,201,167  
              

 

 

     

 

 

  
               $ 6,636,547,647      $ 255,885,228  
              

 

 

     

 

 

  

Direxion Daily Technology Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 130.8%

   
 

Money Market Funds - 130.8%

   
  63,169,060     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 63,169,060  
  7,531,769     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      7,531,769  
  9,172,088     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      9,172,088  
  31,431,755     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      31,431,755  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $111,304,672) (b)

    $ 111,304,672  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $111,304,672) - 130.8%

    $ 111,304,672  
  

Liabilities in Excess of Other Assets - (30.8)%

      (26,217,603 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 85,087,069  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b) 

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $73,227,710.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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)		  

5.3500% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    BNP Paribas      12/4/2024        38,302      $ 76,979,629      $ 862,631  

5.7100% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    Goldman Sachs      12/10/2024        9,418        17,470,380        (1,219,851 ) 

5.7100% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    Bank of America Merrill Lynch      12/11/2024        9,377        17,712,326        (839,945 ) 

5.6400% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    Societe Generale      12/16/2024        5,000        9,589,150        (304,199 ) 

5.6600% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    J.P. Morgan      12/16/2024        5,210        9,936,147        (369,927 ) 

5.7000% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    UBS Securities LLC      12/17/2024        12,012        23,111,208        (650,912 ) 

5.7900% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    Citibank N.A.      12/19/2024        29,883        61,394,166        1,997,418  

5.5400% representing 1 month SOFR rate + spread

    Total return of Technology Select Sector Index    Barclays      12/23/2024        18,955        36,875,211        (700,799 ) 
              

 

 

     

 

 

  
               $ 253,068,217      $ (1,225,584 ) 
              

 

 

     

 

 

  

Direxion Daily Transportation Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 69.6%

   
 

Administrative and Support Services - 1.1%

   
  3,919     

GXO Logistics, Inc. (a)

    $ 213,115  
  3,855     

RXO, Inc. (a)

      80,184  
     

 

 

  
        293,299  
     

 

 

  
 

Air Transportation - 9.5%

   
  4,219     

Alaska Air Group, Inc. (a)

      151,167  
  497     

Allegiant Travel Co.

      38,965  
  21,532     

American Airlines Group, Inc. (a)

      306,400  
  20,513     

Delta Air Lines, Inc.

      802,879  
  10,981     

JetBlue Airways Corp. (a)

      58,309  
  1,349     

Skywest, Inc. (a)

      71,848  
  19,640     

Southwest Airlines Co.

      587,039  
  3,596     

Spirit Airlines, Inc. (b)

      22,619  
  10,806     

United Continental Holdings, Inc. (a)

      447,152  
     

 

 

  
        2,486,378  
     

 

 

  
 

Couriers and Messengers - 10.0%

   
  1,678     

Air Transport Services Group, Inc. (a)

      25,992  
  2,989     

FedEx Corp.

      721,216  
  13,119     

United Parcel Service, Inc. Class B

      1,861,586  
     

 

 

  
        2,608,794  
     

 

 

  
 

Management of Companies and Enterprises - 0.1%

   
  1,284     

Sun Country Airlines Holdings, Inc. (a)

      17,475  
  316     

U-Haul Holding Co. (a)

      20,938  
     

 

 

  
        38,413  
     

 

 

  
 

Rail Transportation - 16.0%

   
  23,830     

CSX Corp.

      850,731  
  13,689     

Union Pacific Corp.

      3,339,158  
     

 

 

  
        4,189,889  
     

 

 

  
 

Rental and Leasing Services - 1.1%

   
  609     

Avis Budget Group, Inc.

      99,700  
  4,361     

Hertz Global Holdings, Inc. (a)

      36,414  
  1,460     

Ryder System, Inc.

      165,812  
     

 

 

  
        301,926  
     

 

 

  
 

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.2%

   
  12,159     

Joby Aviation, Inc. (a)(b)

      66,388  
     

 

 

  
 

Support Activities for Transportation - 11.0%

   
  3,843     

C.H. Robinson Worldwide, Inc.

      323,158  
  4,790     

Expeditors International of Washington, Inc.

      605,121  
  845     

Forward Air Corp.

      37,459  
  2,056     

Hub Group, Inc. (a)

      93,096  
  2,685     

J.B. Hunt Transport Services, Inc.

      539,631  
  1,151     

Matson, Inc.

      128,947  
  3,502     

Norfolk Southern Corp.

      823,810  
  3,821     

XPO Logistics, Inc. (a)

      326,466  
     

 

 

  
        2,877,688  
     

 

 

  
 

Transit and Ground Passenger Transportation - 12.1%

   
  11,397     

Lyft, Inc. (a)

      142,349  
  46,213     

Uber Technologies, Inc. (a)

      3,016,322  
     

 

 

  
        3,158,671  
     

 

 

  
 

Truck Transportation - 6.9%

   
  780     

ArcBest Corp.

      92,921  
  1,510     

Heartland Express, Inc.

      19,555  
  5,314     

Knight-Swift Transportation Holdings, Inc. Class A

      304,917  
  1,902     

Marten Transport Ltd.

      35,187  
  2,142     

Old Dominion Freight Line, Inc.

      837,565  
  875     

Saia, Inc. (a)

      394,258  
  1,231     

Schneider National, Inc.

      30,184  
  2,089     

Werner Enterprises, Inc.

      82,620  
     

 

 

  
        1,797,207  
     

 

 

  
 

Warehousing and Storage - 0.9%

   
  1,185     

Landstar System, Inc.

      227,188  
     

 

 

  
 

Water Transportation - 0.7%

   
  1,401     

Genco Shipping & Trading, Ltd. ADR

      24,574  
  1,947     

Kirby Corp. (a)

      153,151  
     

 

 

  
        177,725  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $16,627,513)

    $ 18,223,566  
     

 

 

  
 

SHORT TERM INVESTMENTS - 34.4%

   
 

Money Market Funds - 34.4%

   
  5,321,834     

Dreyfus Government Cash Management Institutional Shares, 5.23% (c)(d)

    $ 5,321,834  
  3,680,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (c)

      3,680,000  
  3     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (c)

      3  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $9,001,837)

    $ 9,001,837  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $25,629,350) - 104.0% (e)

    $ 27,225,403  
  

Liabilities in Excess of Other Assets - (4.0)%

      (1,069,782 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 26,155,621  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

A portion of this security represents a security on loan.

(c) 

Represents annualized seven-day yield at January 31, 2024.

(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 $17,705,937.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 S&P Transportation Select Industry FMC Capped Index

    5.9500 % representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        2,994      $ 17,634,036      $ (134,535 ) 

Total return of S&P Transportation Select Industry FMC Capped Index

    5.9100 % representing 1 month SOFR rate + spread    Barclays      12/23/2024        7,251        42,748,323        (389,558 ) 
              

 

 

     

 

 

  
               $ 60,382,359      $ (524,093 ) 
              

 

 

     

 

 

  

Direxion Daily Utilities Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

COMMON STOCKS - 78.0%

   
 

Oil and Gas Extraction - 3.3%

   
  26,610     

Dominion Energy, Inc.

    $ 1,216,609  
     

 

 

  
 

Utilities - 74.7%

   
  21,296     

AES Corp.

      355,217  
  8,115     

Alliant Energy Corp.

      394,876  
  8,362     

Ameren Corp.

      581,744  
  16,723     

American Electric Power Co., Inc.

      1,306,735  
  6,190     

American Water Works Co., Inc.

      767,684  
  4,724     

Atmos Energy Corp.

      538,253  
  20,075     

CenterPoint Energy, Inc.

      560,895  
  9,280     

CMS Energy Corp.

      530,445  
  10,978     

Consolidated Edison, Inc.

      997,900  
  10,157     

Constellation Energy Corp.

      1,239,154  
  6,556     

DTE Energy Co.

      691,134  
  24,512     

Duke Energy Corp.

      2,348,985  
  12,188     

Edison International

      822,446  
  6,728     

Entergy Corp.

      671,185  
  7,303     

Evergy, Inc.

      370,773  
  11,108     

Eversource Energy

      602,276  
  31,658     

Exelon Corp.

      1,102,015  
  16,423     

FirstEnergy Corp.

      602,396  
  65,250     

NextEra Energy, Inc.

      3,825,607  
  13,143     

NiSource, Inc.

      341,324  
  7,181     

NRG Energy, Inc.

      380,880  
  67,850     

PG&E Corp.

      1,144,629  
  3,608     

Pinnacle West Capital Corp.

      248,591  
  23,441     

PPL Corp.

      614,154  
  15,845     

Public Service Enterprise Group, Inc.

      918,852  
  20,017     

Sempra Energy

      1,432,417  
  34,682     

Southern Co.

      2,411,093  
  10,029     

WEC Energy Group, Inc.

      809,942  
  17,550     

Xcel Energy, Inc.

      1,050,719  
     

 

 

  
        27,662,321  
     

 

 

  
  

TOTAL COMMON STOCKS (Cost $29,592,447)

    $ 28,878,930  
     

 

 

  
 

SHORT TERM INVESTMENTS - 29.2%

   
 

Money Market Funds - 29.2%

   
  7,068,396     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 7,068,396  
  2,697,940     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      2,697,940  
  1,025,801     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      1,025,801  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $10,792,137)

    $ 10,792,137  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $40,384,584) - 107.2% (c)

    $ 39,671,067  
  

Liabilities in Excess of Other Assets - (7.2)%

      (2,663,755 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 37,007,312  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Non-income producing security.

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $31,287,150.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be
Received at Termination

   

Terms of Payments to be
Paid at Termination

   

Counterparty

    Termination
Date		      Contracts      Notional
Amount		      Unrealized
Depreciation		  

Total return of Utilities Select Sector Index

    5.8600% representing 1 month SOFR rate + spread    J.P. Morgan      12/16/2024        16,480      $ 10,526,765      $ (342,104 ) 

Total return of Utilities Select Sector Index

    5.7100% representing 1 month SOFR rate + spread    UBS Securities LLC      12/17/2024        54,645        35,292,403        (1,434,729 ) 

Total return of Utilities Select Sector Index

    5.8600% representing 1 month SOFR rate + spread    Barclays      12/23/2024        60,896        38,548,268        (876,124 ) 
              

 

 

     

 

 

  
               $ 84,367,436      $ (2,652,957 ) 
              

 

 

     

 

 

  

Direxion Daily 7-10 Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 68.9%

   
  277,739     

iShares 7-10 Year Treasury Bond ETF (a)

    $ 26,790,704  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $26,270,431)

    $ 26,790,704  
     

 

 

  
 

SHORT TERM INVESTMENTS - 29.7%

   
 

Money Market Funds - 29.7%

   
  11,272,400     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 11,272,400  
  250,067     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      250,067  
  18,482     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      18,482  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $11,540,949)

    $ 11,540,949  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $37,811,380) - 98.6% (c)

    $ 38,331,653  
  

Other Assets in Excess of Liabilities - 1.4%

      571,860  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 38,903,513  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b) 

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $34,723,679.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

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 7-10 Year Treasury Bond ETF

    4.7200 % representing 1 month SOFR rate + spread    BNP Paribas    12/4/2024      529,914      $ 49,626,446      $ 1,259,291  

Total return of iShares 7-10 Year Treasury Bond ETF

    5.7600 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/11/2024      76,345        7,172,613        153,254  

Total return of iShares 7-10 Year Treasury Bond ETF

    5.6900 % representing 1 month SOFR rate + spread    J.P. Morgan    12/16/2024      72,143        6,792,985        132,380  

Total return of iShares 7-10 Year Treasury Bond ETF

    5.6100 % representing 1 month SOFR rate + spread    Barclays    12/23/2024      253,805        24,414,181        (36,414 ) 
              

 

 

     

 

 

  
               $ 88,006,225      $ 1,508,511  
              

 

 

     

 

 

  

Direxion Daily 7-10 Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 106.0%

   
 

Money Market Funds - 106.0%

   
  13,202,370     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 13,202,370  
  3,010,066     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (a)

      3,010,066  
  1,330,117     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      1,330,117  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $17,542,553) (b)

    $ 17,542,553  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $17,542,553) - 106.0%

    $ 17,542,553  
  

Liabilities in Excess of Other Assets - (6.0)%

      (996,020 ) 
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 16,546,533  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $10,630,123.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be

Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		    Contracts      Notional
Amount		      Unrealized
Appreciation
(Depreciation)		  

4.4200% representing 1 month SOFR rate + spread

    Total return of iShares 7-10 Year Treasury Bond ETF    BNP Paribas    12/4/2024      305,860      $ 28,655,645      $ (730,647 ) 

5.4900% representing 1 month SOFR rate + spread

    Total return of iShares 7-10 Year Treasury Bond ETF    J.P. Morgan    12/16/2024      71,195        6,703,721        (132,667 ) 

5.2200% representing 1 month SOFR rate + spread

    Total return of iShares 7-10 Year Treasury Bond ETF    Barclays    12/23/2024      137,566        13,267,120        87,910  
              

 

 

     

 

 

  
               $ 48,626,486      $ (775,404 ) 
              

 

 

     

 

 

  

Direxion Daily 20+ Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

INVESTMENT COMPANIES - 67.2%

  
  36,306,445     

iShares 20+ Year Treasury Bond ETF (a)

    $ 3,509,380,974  
     

 

 

  
  

TOTAL INVESTMENT COMPANIES (Cost $3,394,118,261)

    $ 3,509,380,974  
     

 

 

  
 

SHORT TERM INVESTMENTS - 28.4%

  
 

Money Market Funds - 28.4%

  
  861,699,638     

Dreyfus Government Cash Management Institutional Shares, 5.23% (b)

    $ 861,699,638  
  1,630,000     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (b)

      1,630,000  
  57,360,000     

Goldman Sachs Financial Square Government Fund Institutional Shares, 5.22% (b)

      57,360,000  
  561,899,799     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (b)

      561,899,799  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $1,482,589,437)

    $ 1,482,589,437  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $4,876,707,698) - 95.6% (c)

    $ 4,991,970,411  
  

Other Assets in Excess of Liabilities - 4.4%

      231,744,866  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 5,223,715,277  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

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

(b)

Represents annualized seven-day yield at January 31, 2024.

(c)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $4,107,309,922.

Long Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be
Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		    Contracts      Notional Amount      Unrealized
Appreciation
(Depreciation)		  

Total return of iShares 20+ Year Treasury Bond ETF

    6.0100 % representing 1 month SOFR rate + spread    BNP Paribas    12/4/2024      24,616,091      $ 2,299,848,495      $ 69,105,120  

Total return of iShares 20+ Year Treasury Bond ETF

    5.6600 % representing 1 month SOFR rate + spread    Goldman Sachs    12/10/2024      23,393,657        2,234,273,154        18,123,523  

Total return of iShares 20+ Year Treasury Bond ETF

    6.0100 % representing 1 month SOFR rate + spread    Bank of America Merrill Lynch    12/11/2024      24,204,371        2,291,351,782        38,703,417  

Total return of iShares 20+ Year Treasury Bond ETF

    5.7100 % representing 1 month SOFR rate + spread    J.P. Morgan    12/16/2024      9,562,969        908,026,603        12,977,848  

Total return of iShares 20+ Year Treasury Bond ETF

    6.1100 % representing 1 month SOFR rate + spread    UBS Securities LLC    12/17/2024      8,244,969        796,291,732        (3,147,264 ) 

Total return of iShares 20+ Year Treasury Bond ETF

    5.9000 % representing 1 month SOFR rate + spread    Citibank N.A.    12/19/2024      25,803,673        2,498,122,491        (14,484,833 ) 

Total return of iShares 20+ Year Treasury Bond ETF

    6.0600 % representing 1 month SOFR rate + spread    Barclays    12/23/2024      10,000,000        957,636,624        6,846,584  
              

 

 

     

 

 

  
               $ 11,985,550,881      $ 128,124,395  
              

 

 

     

 

 

  

Direxion Daily 20+ Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

January 31, 2024

 

Shares

           Fair Value  
 

SHORT TERM INVESTMENTS - 97.0%

  
 

Money Market Funds - 97.0%

  
  105,772,897     

Dreyfus Government Cash Management Institutional Shares, 5.23% (a)

    $ 105,772,897  
  25,777,948     

Dreyfus Treasury Securities Cash Management Institutional Shares, 5.23% (a)

      25,777,948  
  85,337,619     

Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.20% (a)

      85,337,619  
     

 

 

  
  

TOTAL SHORT TERM INVESTMENTS (Cost $216,888,464) (b)

    $ 216,888,464  
     

 

 

  
  

TOTAL INVESTMENTS (Cost $216,888,464) - 97.0%

    $ 216,888,464  
  

Other Assets in Excess of Liabilities - 3.0%

      6,596,813  
     

 

 

  
  

TOTAL NET ASSETS - 100.0%

    $ 223,485,277  
     

 

 

  

Percentages are stated as a percent of net assets.

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

 

(a) 

Represents annualized seven-day yield at January 31, 2024.

(b)

All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $144,503,149.

Short Total Return Swap Contracts (Unaudited)

January 31, 2024

 

Terms of Payments to be
Received at Termination

   

Terms of Payments to be

Paid at Termination

   

Counterparty

    Termination
Date		      Contracts      Notional
Amount		      Unrealized
Depreciation		  

5.8100% representing 1 month SOFR rate + spread

    Total return of iShares 20+ Year Treasury Bond ETF    BNP Paribas      12/4/2024        1,118,656      $ 105,933,862      $ (1,990,848 ) 

5.4600% representing 1 month SOFR rate + spread

    Total return of iShares 20+ Year Treasury Bond ETF    Goldman Sachs      12/10/2024        1,282,405        121,312,995        (2,412,528 ) 

5.8100% representing 1 month SOFR rate + spread

    Total return of iShares 20+ Year Treasury Bond ETF    Bank of America Merrill Lynch      12/11/2024        1,121,452        106,229,190        (1,949,910 ) 

5.4900% representing 1 month SOFR rate + spread

    Total return of iShares 20+ Year Treasury Bond ETF    J.P. Morgan      12/16/2024        948,359        89,707,530        (1,704,103 ) 

5.4600% representing 1 month SOFR rate + spread

    Total return of iShares 20+ Year Treasury Bond ETF    UBS Securities LLC      12/17/2024        736,849        69,798,509        (1,229,786 ) 

5.5900% representing 1 month SOFR rate + spread

    Total return of iShares 20+ Year Treasury Bond ETF    Citibank N.A.      12/19/2024        1,728,586        164,636,775        (2,099,716 ) 
              

 

 

     

 

 

  
               $ 657,618,861      $ (11,386,891 ) 
              

 

 

     

 

 

  

Valuation Measurements (Unaudited)

The Funds follows fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurement of fair value and a discussion in changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels below:

Level 1 - Quoted prices in active markets for identical securities

Level 2 - Evaluated price based on other significant observable inputs (including quoted prices for similar securities in active markets, quoted prices for identical or similar securities in inactive markets, interest rates, prepayment spreads, credit risk, etc.)

Level 3 - Significant unobservable inputs (including Fund’s own assumptions in determining fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the credit risk associated with investing in those securities.

The following is a summary of the inputs used to value the Funds’ net assets as of January 31, 2024:

 

    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)

   $ —      $ —      $ 248,787,392       —      $ 2,130,876     $ —      $ (1,406,325 )    $ —   

Direxion HCM Tactical Enhanced US ETF

     —        194,500,038       49,719,088       —        3,782,195       —        —        (2,269,425 ) 

Direxion Hydrogen ETF

     —        26,637,539       4,731,346       —        —        —        —        —   

Direxion Moonshot Innovators ETF

     —        24,738,492       6,713,681       —        —        —        —        —   

Direxion NASDAQ-100® Equal Weighted Index Shares

     —        1,125,747,098       22,380,234       —        —        —        —        —   

Direxion Work From Home ETF

     —        29,048,128       461,074       —        —        —        —        —   

Direxion Daily S&P 500® Bear 1X Shares

     —        —        192,741,767       —        —        —        —        (2,970,321 ) 

Direxion Daily AAPL Bear 1X Shares

     —        —        33,539,994       —        —        1,498,695       —        —   

Direxion Daily AMZN Bear 1X Shares

     —        —        3,053,994       —        —        —        —        (67,837 ) 

Direxion Daily GOOGL Bear 1X Shares

     —        —        3,007,933       —        —        33,119       —        (45,507 ) 

Direxion Daily MSFT Bear 1X Shares

     —        —        7,376,869       —        —        —        —        (362,165 ) 

Direxion Daily NVDA Bear 1X Shares

     —        —        9,615,947       —        —        —        —        (1,637,502 ) 

Direxion Daily TSLA Bear 1X Shares

     —        —        81,276,652       —        —        14,964,512       —        —   

Direxion Daily AAPL Bull 1.5X Shares

     —        6,914,263       28,424,804       —        —        —        —        (2,287,493 ) 

Direxion Daily AMZN Bull 1.5X Shares

     —        6,648,147       52,679,536       —        —        1,952,806       —        (423,560 ) 

Direxion Daily GOOGL Bull 1.5X Shares

     —        9,531,143       53,368,102       —        —        —        —        (5,602,734 ) 

Direxion Daily MSFT Bull 1.5X Shares

     —        14,265,568       67,722,045       —        —        1,882,827       —        (1,462,445 ) 

Direxion Daily NVDA Bull 1.5X Shares

     1,111,178       —        54,493,469       —        —        8,936,654       —        (671,780 ) 

Direxion Daily TSLA Bull 1.5X Shares

     —        185,227,937       856,383,990       —        —        —        —        (273,815,201 ) 

Direxion Daily CSI 300 China A Share Bull 2X Shares

     22,356,571       —        29,846,855       —        —        —        —        (3,975,250 ) 

Direxion Daily CSI China Internet Index Bull 2X Shares

     141,433,631       —        210,674,137       —        —        —        —        (58,521,026 ) 

Direxion Daily S&P 500® Bull 2X Shares

     —        220,745,645       31,321,802       —        —        6,483,603       —        —   

Direxion Daily MSCI Brazil Bull 2X Shares

     41,090,645       —        64,556,329       —        —        1,949,152       —        (944,185 ) 

Direxion Daily MSCI India Bull 2X Shares

     31,225,702       —        41,386,880       —        —        3,544,080       —        —   

Direxion Daily Cloud Computing Bull 2X Shares

     —        6,461,252       2,532,948       —        —        566,499       —        —   

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

     —        5,376,830       2,729,069       —        —        —        —        (1,016,537 ) 

Direxion Daily Energy Bull 2X Shares

     —        263,294,938       101,285,902       —        —        2,692,869       —        (4,050,733 ) 

Direxion Daily Energy Bear 2X Shares

     —        —        18,588,843       —        —        276,000       —        (134,325 ) 

Direxion Daily Global Clean Energy Bull 2X Shares

     3,176,397       —        731,822       —        —        —        —        (150,068 ) 

Direxion Daily Gold Miners Index Bull 2X Shares

     278,335,653       —        250,810,197       —        —        —        —        (46,032,424 ) 

Direxion Daily Gold Miners Index Bear 2X Shares

     —        —        73,078,519       —        —        8,413,679       —        —   

Direxion Daily Junior Gold Miners Index Bull 2X Shares

     109,587,407       —        181,135,243       —        —        —        —        (39,766,019 ) 

Direxion Daily Junior Gold Miners Index Bear 2X Shares

     —        —        109,173,315       —        —        19,912,777       —        —   

Direxion Daily NYSE FANG+ Bull 2X Shares

     —        13,961,726       19,468,880       —        —        2,060,075       —        —   

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

     16,294,001       —        18,230,865       —        —        1,097,457       —        —   

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

     —        278,896,530       204,602,889       —        —        4,145,491       —        (7,826,436 ) 

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

     —        —        50,173,023       —        —        2,048,852       —        (498,709 ) 

Direxion Daily Travel & Vacation Bull 2X Shares

     —        9,761,827       4,338,196       —        —        333,957       —        —   

Direxion Daily Mid Cap Bull 3X Shares

     45,314,925       —        22,149,987       —        —        1,388,040       —        (702,390 ) 

Direxion Daily S&P 500® Bull 3X Shares

     —        2,305,043,362       1,511,681,871       —        —        251,353,348       —        —   

Direxion Daily S&P 500® Bear 3X Shares

     —        —        670,880,992       —        —        —        —        (44,372,742 ) 

Direxion Daily Small Cap Bull 3X Shares

     1,606,263,364       —        738,711,058       —        —        47,960,923       —        (48,851,265 ) 

Direxion Daily Small Cap Bear 3X Shares

     —        —        384,329,343       —        —        36,217,354       —        (2,119,394 ) 

    Asset Class     Liability Class  
    Level 1     Level 2     Level 1     Level 2  

Funds

   Investment
Companies		     Common
Stocks		     Short Term
Investments		     Cash
Equivalents		     Futures
Contracts*		     Total Return
Swap Contracts*		     Futures
Contracts*		     Total Return
Swap Contracts*		  

Direxion Daily FTSE China Bull 3X Shares

     435,660,094       —        419,167,691       —        —        —        —        (114,297,513 ) 

Direxion Daily FTSE China Bear 3X Shares

     —        —        146,093,936       —        —        16,424,254       —        —   

Direxion Daily FTSE Europe Bull 3X Shares

     11,621,833       —        11,064,190       —        —        1,368,630       —        —   

Direxion Daily MSCI Emerging Markets Bull 3X Shares

     5,427,808       —        72,169,281       —        —        —        —        (4,459,425 ) 

Direxion Daily MSCI Emerging Markets Bear 3X Shares

     —        —        23,642,032       —        —        1,215,764       —        —   

Direxion Daily MSCI Mexico Bull 3X Shares

     6,850,315       —        11,754,379       —        —        1,151,904       —        (54,823 ) 

Direxion Daily MSCI South Korea Bull 3X Shares

     19,731,789       —        22,122,939       —        —        —        —        (3,173,285 ) 

Direxion Daily Aerospace & Defense Bull 3X Shares

     —        114,228,143       43,939,261       —        —        —        —        (4,693,959 ) 

Direxion Daily Consumer Discretionary Bull 3X Shares

     —        20,724,563       9,875,571       —        —        —        —        (2,617,337 ) 

Direxion Daily Dow Jones Internet Bull 3X Shares

     —        126,631,055       76,811,766       —        —        23,596,436       —        —   

Direxion Daily Dow Jones Internet Bear 3X Shares

     —        —        28,734,481       —        —        —        —        (2,758,733 ) 

Direxion Daily Financial Bull 3X Shares

     —        1,472,978,835       680,311,496       —        —        216,230,114       —        —   

Direxion Daily Financial Bear 3X Shares

     —        —        158,959,172       —        —        —        —        (16,466,965 ) 

Direxion Daily Healthcare Bull 3X Shares

     —        147,039,662       44,610,695       —        —        16,579,845       —        —   

Direxion Daily Homebuilders & Supplies Bull 3X Shares

     —        188,304,617       82,555,318       —        —        11,738,918       —        (1,550,172 ) 

Direxion Daily Industrials Bull 3X Shares

     —        17,753,261       9,558,060       —        —        366,922       —        (33,352 ) 

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

     —        10,118,084       4,581,205       —        —        1,368,892       —        —   

Direxion Daily Real Estate Bull 3X Shares

     —        46,880,573       17,842,962       —        —        817,687       —        (493,524 ) 

Direxion Daily Real Estate Bear 3X Shares

     —        —        101,372,887       —        —        8,888,748       —        —   

Direxion Daily Regional Banks Bull 3X Shares

     —        557,707,387       256,026,388       —        —        14,437,002       —        (54,019,104 ) 

Direxion Daily Retail Bull 3X Shares

     —        33,415,699       19,615,989       —        —        606,611       —        (2,525,206 ) 

Direxion Daily S&P 500® High Beta Bull 3X Shares

     —        35,298,953       30,433,053       —        —        1,566,120       —        (948,794 ) 

Direxion Daily S&P 500® High Beta Bear 3X Shares

     —        —        46,440,783       —        —        595,912       —        (1,266,935 ) 

Direxion Daily S&P Biotech Bull 3X Shares

     —        756,328,777       350,571,168       —        —        126,250,663       —        (3,846,943 ) 

Direxion Daily S&P Biotech Bear 3X Shares

     —        —        139,373,356       —        —        9,955,540       —        (3,638,214 ) 

Direxion Daily Semiconductor Bull 3X Shares

     —        6,407,108,835       2,070,837,543       —        —        884,906,646       —        (128,781,030 ) 

Direxion Daily Semiconductor Bear 3X Shares

     —        —        952,983,391       —        —        9,049,343       —        (58,621,685 ) 

Direxion Daily Technology Bull 3X Shares

     —        2,375,904,873       883,648,849       —        —        255,885,228       —        —   

Direxion Daily Technology Bear 3X Shares

     —        —        111,304,672       —        —        2,860,049       —        (4,085,633 ) 

Direxion Daily Transportation Bull 3X Shares

     —        18,223,566       9,001,837       —        —        —        —        (524,093 ) 

Direxion Daily Utilities Bull 3X Shares

     —        28,878,930       10,792,137       —        —        —        —        (2,652,957 ) 

Direxion Daily 7-10 Year Treasury Bull 3X Shares

     26,790,704       —        11,540,949       —        —        1,544,925       —        (36,414 ) 

Direxion Daily 7-10 Year Treasury Bear 3X Shares

     —        —        17,542,553       —        —        87,910       —        (863,314 ) 

Direxion Daily 20+ Year Treasury Bull 3X Shares

     3,509,380,974       —        1,482,589,437       —        —        145,756,492       —        (17,632,097 ) 

Direxion Daily 20+ Year Treasury Bear 3X Shares

     —        —        216,888,464       —        —        —        —        (11,386,891 )