Direxion World Without Waste ETF

C000223004 Fund Overview

Direxion World Without Waste ETF is a US ETF managed by Direxion Shares ETF Trust, categorised as Global (incl. US) Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Direxion Shares ETF Trust
• Category: Global (incl. US) Small Cap Blend / Core Equity
• Assets under management: $3.42M
• 1-year return: -26.2%
• SEC CIK: 0001424958
• SEC series ID: S000070092
• Share class ID: C000223004

C000223004 Investment Objective and Strategy

Direxion World Without Waste ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Direxion Shares ETF Trust.

Investment objective

The Direxion World Without Waste ETF (the Fund) seeks investment results, before fees and expenses, that track the Indxx US Circular Economy Index (the Index).

Principal investment strategy

The Fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the Index or investments with economic characteristics similar to the securities included in the Index. The Index is designed by Indxx, LLC (the Index Provider) to be comprised of issuers that are representative of the economy shifting from a linear (one user and/or one use) model to a circular one (multi-owner and/or re-use). The Index Provider begins with a universe of U.S. listed securities and American Depository Receipts (ADRs) that derive 50% or more of their revenue from the following categories: sustainability of resources, sharing platforms, resource recovery, product as a service, and life cycle extension. The Index Provider will include the top 10 companies from each category as determined by largest total market capitalization.

If there are fewer than 10 companies in a category, then companies from the other categories with more than 10 companies will be included based on a companys total market capitalization until there are 50 companies in the Index. The sustainability of resources investment category includes companies that provide renewable energy, bio-based, or fully recyclable input material to replace single-lifecycle inputs and includes companies categorized as solar, wind, or hydro power, geothermal energy, biomass, biofuels, agriculture science, and energy-efficient solutions. The sharing platform investment category includes companies that enable an increased utilization rate of products by making possible shared use/access/ownership and includes companies categorized as peer-to-peer lending, sharing spaces, knowledge, content and talent sharing, crowd funding, aggregators, collaborative platforms, and software, platforms or infrastructure as services.

The resource recovery investment category includes companies that recover useful resources or energy from disposed products or by-products and includes companies in waste management. The product as a service investment category includes companies that offer product access and retain ownership to internalize benefits of circular resource productivity and includes companies in the subscription economy. The life cycle extension investment category includes companies that extend the working lifecycle of products and components by repairing, upgrading, and reselling products or components. Securities and ADRs included in the Index must be listed in the United States; have a minimum market capitalization of $500 million; have average daily turnover greater than, or equal to, $2 million; and be traded on 90% of the eligible trading days in the prior 6 months.

The companies in the Index are equal weighted. The Index is reconstituted annually and rebalanced quarterly. As of December 31, 2021, the Index was comprised of 49 constituents, which had a median total market capitalization of $34.9 billion, total market capitalizations ranging from $1 billion to $1.1 trillion, and were concentrated in the information technology, industrials, and communication services sectors. The components of the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries ( i.e. , hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated. The Fund uses a passive or indexing approach to attempt to achieve its investment objective.

Although the Fund intends to fully replicate the Index, at times the Fund may hold a representative sample of the securities in the Index that have aggregate characteristics similar to those of the Index. This means the Fund may not hold all of the securities included in the Index, its weighting of investment exposure to such securities or industries may be different from that of the Index and it may hold securities that are not included in the Index. The Fund will rebalance its portfolio when the Index rebalances. Additionally, if the Fund receives a creation unit in cash, the Fund repositions its portfolio in response to assets flowing into or out of the Fund. The Fund is non-diversified, meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities.

Additionally, the Funds investment objective is not a fundamental policy and may be changed by the Funds Board of Trustees without shareholder approval.

C000223004 Performance

Total returns for C000223004 (as of 2026-10-01), from SEC filings.

C000223004 Risk Information

Risk metrics for C000223004, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 31.4%

C000223004 Costs and Fees

C000223004 costs about $50 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.50%
• Gross expense ratio: 0.50%
• Portfolio turnover: 63%
• Brokerage commissions: 2.79 bps of average net assets (SEC N-CEN)

C000223004 Cashflows

Over the 12 months to 2022-07, Direxion World Without Waste ETF had net inflows of $1.71M, from monthly SEC N-PORT filings.

C000223004 Debt Constituents

No individual debt constituents are reported in Direxion World Without Waste ETF's latest SEC N-PORT filing.

C000223004 Prospectus and SEC Filings

Official Direxion World Without Waste ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2022-02-28
• Prospectus (485BPOS) — filed 2021-02-26
• Prospectus (485BPOS) — filed 2020-12-08
• Portfolio holdings (N-PORT) — filed 2022-09-29
• Portfolio holdings (N-PORT) — filed 2022-06-29
• Portfolio holdings (N-PORT) — filed 2022-04-01
• Annual census (N-CEN) — filed 2022-01-12

Related Funds

Other Global (incl. US) Small Cap Blend / Core Equity funds tracked on ABC INVEST:

• SPDR® S & P 600 Small Cap ETF (SLY)
• Templeton Global Smaller Companies Fund (TEMGX)
• New Alternatives Fund (NALFX)
• DWS Global Small Cap Fund (KGDAX)
• Wells Fargo Global Small Cap Fund (EKGAX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.