HIPR — Direxion High Growth ETF

HIPR Fund Overview

HIPR — Direxion High Growth ETF is a US ETF managed by Direxion Shares ETF Trust, categorised as United States 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: United States Large Cap Growth Equity
• Assets under management: $13.96M
• 1-year return: 35.3%
• Ticker: HIPR
• SEC CIK: 0001424958
• SEC series ID: S000068622
• Share class ID: C000219528

HIPR Investment Objective and Strategy

Direxion High Growth 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 High Growth ETF (the Fund) seeks investment results, before fees and expenses, that track the Russell 1000 Hyper Growth Index (the Index).

Principal investment strategy

The Fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in the securities that comprise the Index. The Index seeks to identify domestic high growth companies by scoring securities for Quality, Momentum, Value, and Volatility factors and for representing Value or Growth stocks. The Index identifies Growth companies as those that, historically, have had high sales and forecasted high earnings and high cash flow growth relative to increases in share value. The Index identifies Value stocks, based on their market prices, as those trading at lower ratios to their fundamentals ( e.g ., price-to-book, price-to-equity, etc.). The Index excludes Value stocks and limits its constituents to large or medium capitalization Growth stocks. To such Growth stocks, the Index applies a Quality screen to seek to capture profitable companies that generate consistently strong cash flows and are not highly levered.

The Index also applies a Momentum screen to seek to identify companies with strong total returns during the previous 12 months with the expectation that such companies will continue to outperform (on a total return basis) in the near term. The Index also scores such securities based on historical volatility and attempts to neutralize the impact of market volatility on returns by capturing as Index constituents stocks whose Volatility approximates that of the entire U.S. large- and mid-capitalization markets. By applying these factors, the Index seeks to identify Growth companies with healthy balance sheets and positive market momentum, as reflected in increases in their share prices that are not driven by market volatility. The Index methodology deems such companies to be high growth companies due to their being positioned to achieve significant near-term outperformance relative to other Growth companies.

At each rebalance date, securities are given a weight of between 0.10% and 20% with the highest scoring securities under the Index methodology earning the heaviest weights in the Index. The Index is reviewed and rebalanced semi-annually by FTSE Russell (the Index Provider). As of December 31, 2020, the Index was comprised of 106 constituents, which had a median total market capitalization of $98.73 billion, total market capitalizations ranging from $3.33 billion to $2.26 trillion and were concentrated in the information technology and consumer discretionary 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. The Fund does not try to outperform the Index and does not generally take temporary defensive positions. 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 stocks 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.

HIPR Performance

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

HIPR Risk Information

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

• 1-year volatility (annualised): 18.9%

HIPR Costs and Fees

HIPR costs about $40 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.40%
• Gross expense ratio: 0.40%
• Portfolio turnover: 40%
• Brokerage commissions: 1.54 bps of average net assets (SEC N-CEN)

HIPR Cashflows

Over the 12 months to 2021-07, Direxion High Growth ETF had net inflows of $6.69M, from monthly SEC N-PORT filings.

HIPR Debt Constituents

No individual debt constituents are reported in Direxion High Growth ETF's latest SEC N-PORT filing.

HIPR Prospectus and SEC Filings

Official Direxion High Growth ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-02-26
• Prospectus (485BPOS) — filed 2020-06-10
• Portfolio holdings (N-PORT) — filed 2021-09-27
• Portfolio holdings (N-PORT) — filed 2021-06-28
• Portfolio holdings (N-PORT) — filed 2021-03-31
• Annual census (N-CEN) — filed 2021-01-13

Related Funds

Other United States Large Cap Growth Equity funds tracked on ABC INVEST:

• Invesco QQQ Trust, Series 1 (QQQ)
• Growth Fund Of America (AGTHX)
• iShares Russell 1000 Growth ETF (IWF)
• JPMorgan Large Cap Growth Fund (SEEGX)
• Fidelity Growth Company Fund (FDGRX)

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.