Direxion Hydrogen ETF
Data updated: 2024-06-28
C000226196 — Direxion Hydrogen ETF. Developed ex-US Large Cap Growth Equity · $20.50M AUM · 0.45% expense ratio. Holdings, fees, performance and SEC filings.
C000226196 Fund Overview
Direxion Hydrogen ETF is a US ETF managed by Direxion Shares ETF Trust, categorised as Developed ex-US Large Cap Growth 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: Developed ex-US Large Cap Growth Equity
- Assets under management: $20.50M
- 1-year return: -21.5%
- SEC CIK: 0001424958
- SEC series ID: S000071278
- Share class ID: C000226196
C000226196 Investment Objective and Strategy
Direxion Hydrogen 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 Hydrogen ETF (the Fund) seeks investment results, before fees and expenses, that track the Indxx Hydrogen 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 ( i.e ., derivative instruments, including swap agreements or futures contracts). The Index tracks the performance of companies that provide goods and/or services related to the hydrogen industry, including hydrogen generation and storage, transportation and supply of hydrogen, fuel cells, and hydrogen fueling stations. The Index will include domestic securities as well as securities listed on various developed and emerging markets, excluding India and Vietnam. Indxx, LLC (the Index Provider) has defined the hydrogen industry to be comprised of the following types of businesses and securities of issuers involved in these business lines are expected to be included in the Index: Fuel Cell and Battery: Companies manufacturing and selling fuel cells and batteries that are run on hydrogen-based technology; Hydrogen Systems and Solutions: Companies that offer equipment, components, or technology used in the hydrogen industry, including those involved in providing solutions and systems for hydrogen generation, storage, and supply; Hydrogen Production and Generation: Companies that are involved in the process of hydrogen generation.
This includes production of hydrogen in either liquid or solid form; Membrane and Catalyst: Companies that design and produce membranes, filters, catalyst, or membrane assemblies for hydrogen fuel cells and other hydrogen-related technologies; and Hydrogen Storage and Supply: Companies engaged in providing hydrogen storage and transportation services as well as companies that supply hydrogen to various users and operate hydrogen fueling stations domestically or globally. The top 30 Pure Play companies by largest market capitalization will be selected for inclusion in the Index. Pure Play companies are those that reportedly derive 50% or more of their revenue from the hydrogen industry ( i.e ., providing goods and/or services to the hydrogen industry, including hydrogen generation, hydrogen storage, hydrogen transport, hydrogen supply, fuel cells, and hydrogen fueling stations).
In the event that there are less than 30 Pure Play companies, the Index will include companies that derive less than 50% but greater than or equal to 20% of their revenue from the hydrogen industry until 30 companies are selected. To be eligible for inclusion in the Index, securities must have a minimum total market capitalization of $100 million, a 6-month average daily turnover greater than, or equal to, $1 million, and have a minimum free-float equivalent to 10% of shares outstanding. The Index is weighted based on each components free-float adjusted market capitalization with a maximum weighting of 8% and a minimum weighting of 1% at each Index rebalance date. The Index will be reconstituted annually and rebalanced quarterly. As of December 29, 2023, the Index was comprised of 30 constituents, which had a median total market capitalization of $1.6 billion, and total market capitalizations ranging from $82.6 million to $205.3 billion.
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. The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of the collateral received). 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.
C000226196 Holdings
Top 10 holdings of Direxion Hydrogen ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Air Liquide S.A.(L') | 8.84% |
| Bloom Energy Corporation | 7.71% |
| Nel ASA | 7.64% |
| Ballard Power Systems Inc. | 6.39% |
| China Petroleum & Chemical Corp. | 5.93% |
| Shell PLC | 5.45% |
| Eneos Holdings Inc | 5.29% |
| Bp PLC | 5.26% |
| Plug Power Inc | 5.13% |
| Idemitsu Kosan Co.,Ltd. | 5.05% |
C000226196 Portfolio Allocation
Asset-class allocation of Direxion Hydrogen ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 4.9% |
C000226196 Performance
Total returns for C000226196 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -21.5% |
| 3 years (annualised) | -23.2% |
C000226196 Risk Information
Risk metrics for C000226196, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.1%
C000226196 Costs and Fees
C000226196 costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.45%
- Portfolio turnover: 45%
- Brokerage commissions: 5.38 bps of average net assets (SEC N-CEN)
C000226196 Cashflows
Over the 12 months to 2024-04, Direxion Hydrogen ETF had net inflows of $2.30M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-04 | $0 |
| 2024-03 | −$4.87M |
| 2024-02 | $0 |
| 2024-01 | $0 |
| 2023-12 | $0 |
| 2023-11 | $0 |
C000226196 Debt Constituents
No individual debt constituents are reported in Direxion Hydrogen ETF's latest SEC N-PORT filing.
C000226196 Prospectus and SEC Filings
Official Direxion Hydrogen ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus supplement (497) — filed 2024-02-28
- Prospectus supplement (497) — filed 2023-03-02
- Portfolio holdings (N-PORT) — filed 2024-06-28
- Portfolio holdings (N-PORT) — filed 2024-04-01
- Portfolio holdings (N-PORT) — filed 2024-01-02
- Annual census (N-CEN) — filed 2024-01-16
- Annual census (N-CEN) — filed 2023-01-17
Related Funds
Other Developed ex-US Large Cap Growth Equity funds tracked on ABC INVEST:
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.