Direxion Shares ETF Trust NPORTP Direxion Work From Home ETF (Jul 2024 report)

Direxion Auspice Broad Commodity Strategy ETF (Consolidated)

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 95.8%
	Money Market Funds - 95.8%
	263,633,317	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	263,633,317

		TOTAL SHORT TERM INVESTMENTS (Cost $263,633,317)	$	263,633,317

		TOTAL INVESTMENTS (Cost $263,633,317) - 95.8%	$	263,633,317
		Other Assets in Excess of Liabilities - 4.2% ^(b)		11,487,352

		TOTAL NET ASSETS - 100.0%	$	275,120,669

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	$7,660,691 of cash is pledged as collateral for futures contracts.

Long Futures Contracts (Unaudited)

July 31, 2024


Reference Entity	Expiration Date		Number of Contracts		Notional Amount		Variation Margin Receivable/ (Payable), net		Unrealized Appreciation (Depreciation)
Copper		12/27/2024		177	$	18,651,375	$	393,825	$	(1,317,052	)
Gasoline RBOB		9/30/2024		247		23,405,819		917,062		(231,624	)
Gold		10/29/2024		177		43,352,610		369,930		431,216
Silver		9/26/2024		116		16,784,040		239,540		(582,000	)
WTI Crude		12/19/2024		376		28,162,400		955,040		(267,187	)

					$	130,356,244	$	2,875,397	$	(1,966,647	)

All futures contracts held by Direxion BCS Fund Ltd.

Direxion HCM Tactical Enhanced US ETF

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 77.8%
	Accommodation - 0.4%
	2,648	Airbnb, Inc. ^(a)	$	369,555
	1,500	Hilton Worldwide Holdings, Inc.		322,005
	4,229	Host Hotels & Resorts, Inc.		74,050
	2,190	Las Vegas Sands Corp.		86,877
	1,438	Marriott International, Inc. Class A		326,857
	1,504	MGM Resorts International ^(a)		64,627
	566	Wynn Resorts Ltd.		46,876

				1,290,847

	Administrative and Support Services - 2.0%
	525	Allegion PLC ADR (Ireland)		71,825
	8,668	Amcor PLC ADR (United Kingdom)		91,274
	597	Ameriprise Financial, Inc.		256,752
	2,454	Automatic Data Processing, Inc.		644,470
	204	Booking Holdings, Inc.		757,862
	709	Broadridge Financial Solutions, Inc.		151,726
	420	Corpay, Inc. ^(a)		122,564
	741	Equifax, Inc.		207,013
	230	FactSet Research System, Inc.		95,011
	465	Gartner, Inc. ^(a)		233,053
	1,759	Iron Mountain, Inc.		180,403
	854	Live Nation Entertainment, Inc. ^(a)		82,146
	1,593	Match Group, Inc. ^(a)		60,757
	941	Moody’s Corp.		429,548
	1,684	Rollins, Inc.		80,680
	1,420	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		222,542
	12,531	Uber Technologies, Inc. ^(a)		807,874
	9,440	Visa, Inc. Class A		2,507,925
	2,189	Waste Management, Inc.		443,623

				7,447,048

	Air Transportation - 0.1%
	3,935	American Airlines Group, Inc. ^(a)		41,869
	3,870	Delta Air Lines, Inc.		166,487
	3,589	Southwest Airlines Co.		96,688
	1,972	United Continental Holdings, Inc. ^(a)		89,568

				394,612

	Ambulatory Health Care Services - 0.1%
	311	DaVita, Inc. ^(a)		42,489
	506	Labcorp Holdings, Inc.		109,013
	351	Molina Healthcare, Inc. ^(a)		119,786
	667	Quest Diagnostics, Inc.		94,914
	7,140	Viatris, Inc.		86,108

				452,310

	Amusement, Gambling, and Recreation Industries - 0.3%
	1,530	Global Payments, Inc.		155,509
	10,932	The Walt Disney Co.		1,024,219

				1,179,728

	Apparel Manufacturing - 0.2%
	517	Cintas Corp.		394,957
	152	Deckers Outdoor Corp. ^(a)		140,240
	235	Ralph Lauren Corp.		41,263

				576,460

	Beverage and Tobacco Product Manufacturing - 1.0%
	10,301	Altria Group, Inc.		504,852
	965	Constellation Brands, Inc. Class A		236,579
	6,259	Keurig Dr Pepper, Inc.		214,559
	1,090	Molson Coors Brewing Co. Class B		57,607
	4,254	Monster Beverage Corp. ^(a)		218,868
	8,244	PepsiCo, Inc.		1,423,491
	9,323	Philip Morris International, Inc.		1,073,637

				3,729,593

	Broadcasting and Content Providers - 0.4%
	588	Charter Communications, Inc. ^(a)		223,275
	23,473	Comcast Corp. Class A		968,731
	1,386	FOX Corp. Class A		52,723
	792	FOX Corp. Class B		28,061
	2,964	Paramount Global Class B		33,849
	13,373	Warner Bros Discovery, Inc. ^(a)		115,676

				1,422,315

	Building Material and Garden Equipment and Supplies Dealers - 0.9%
	3,431	Lowe’s Companies, Inc.		842,345
	316	Snap-on, Inc.		90,701
	5,943	The Home Depot, Inc.		2,187,975
	646	Tractor Supply Co.		170,105

				3,291,126

	Chemical Manufacturing - 5.7%
	10,590	AbbVie, Inc.		1,962,539
	1,333	Air Products & Chemicals, Inc.		351,712
	706	Albemarle Corp.		66,131
	3,216	Amgen, Inc.		1,069,224
	873	Biogen, Inc. ^(a)		186,124
	944	Bio-Techne Corp.		77,021
	12,156	Bristol-Myers Squibb Co.		578,139
	1,086	Catalent, Inc. ^(a)		64,443
	604	Celanese Corp.		85,255
	1,097	CF Industries Holdings, Inc.		83,800
	1,466	Church & Dwight Co., Inc.		143,683
	744	Clorox Co.		98,156
	4,921	Colgate-Palmolive Co.		488,114
	2,507	DuPont de Nemours, Inc.		209,836
	707	Eastman Chemical Co.		73,054
	1,525	Ecolab, Inc.		351,802
	4,787	Eli Lilly & Co.		3,850,040
	748	FMC Corp.		43,653
	7,471	Gilead Sciences, Inc.		568,244
	952	Incyte Corp. ^(a)		61,947
	3,440	IntercontinentalExchange, Inc.		521,366
	1,532	International Flavors & Fragrances, Inc.		152,403
	11,484	Kenvue, Inc.		212,339
	2,020	Kimberly-Clark Corp.		272,801
	2,883	Linde PLC ADR (Ireland)		1,307,441
	1,542	LyondellBasell Industries N.V. Class A ADR (Netherlands)		153,367
	15,189	Merck & Co., Inc.		1,718,332
	1,928	Mosaic Co.		57,397
	33,984	Pfizer, Inc.		1,037,871
	1,413	PPG Industries, Inc.		179,423
	14,154	Procter & Gamble Co.		2,275,397
	637	Regeneron Pharmaceuticals, Inc. ^(a)		687,444
	1,549	Vertex Pharmaceuticals, Inc. ^(a)		767,870
	2,737	Zoetis, Inc.		492,769

				20,249,137

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


1,340	Bath & Body Works, Inc.	49,245
688	Lululemon Athletica, Inc. ^(a)	177,958
2,011	Ross Stores, Inc.	288,035
6,791	TJX Companies, Inc.	767,519

		1,282,757

Computer and Electronic Product Manufacturing - 19.9%
9,693	Advanced Micro Devices, Inc. ^(a)	1,400,445
1,758	Agilent Technologies, Inc.	248,581
35,227	Alphabet, Inc.	6,042,840
29,306	Alphabet, Inc. Class C	5,074,334
1,389	AMETEK, Inc.	240,964
7,204	Amphenol Corp. Class A	462,929
2,975	Analog Devices, Inc.	688,355
86,442	Apple, Inc.	19,197,039
1,522	Arista Networks, Inc. ^(a)	527,449
122	Bio-Rad Laboratories, Inc. ^(a)	41,280
26,126	Broadcom, Inc.	4,197,926
24,284	Cisco Systems, Inc.	1,176,560
3,953	Danaher Corp.	1,095,297
816	Enphase Energy, Inc. ^(a)	93,930
643	First Solar, Inc. ^(a)	138,882
3,804	Fortinet, Inc. ^(a)	220,784
2,111	Fortive Corp.	151,675
2,546	GE HealthCare Technologies, Inc.	215,468
1,400	Hologic, Inc. ^(a)	114,254
5,175	HP, Inc.	186,766
25,531	Intel Corp.	784,823
5,508	International Business Machines Corp.	1,058,307
723	Jabil Circuit, Inc.	81,460
1,047	Keysight Technologies, Inc. ^(a)	146,130
1,139	L3Harris Technologies, Inc.	258,428
3,242	Microchip Technology, Inc.	287,825
6,641	Micron Technology, Inc.	729,315
293	Monolithic Power Systems, Inc.	252,885
1,001	Motorola Solutions, Inc.	399,319
1,236	NetApp, Inc.	156,947
835	Northrop Grumman Corp.	404,407
147,518	NVIDIA Corp.	17,262,556
1,534	NXP Semiconductors NV ADR (Netherlands)	403,687
2,581	ON Semiconductor Corp. ^(a)	201,963
2,424	Otis Worldwide Corp.	229,068
1,937	Palto Alto Networks, Inc. ^(a)	629,002
740	PerkinElmer, Inc.	92,951
577	Qorvo, Inc. ^(a)	69,125
6,704	Qualcomm, Inc.	1,213,089
643	Roper Technologies, Inc.	350,274
7,972	RTX Corp.	936,630
1,171	Seagate Technology Holdings PLC ADR (Ireland)	119,641
962	Skyworks Solutions, Inc.	109,302
303	Super Micro Computer, Inc. ^(a)	212,600
283	Teledyne Technologies, Inc. ^(a)	119,386
937	Teradyne, Inc.	122,897
5,460	Texas Instruments, Inc.	1,112,803
2,290	Thermo Fisher Scientific, Inc.	1,404,549
1,464	Trimble, Inc. ^(a)	79,847
1,317	Veralto Corp.	140,340
355	Waters Corp. ^(a)	119,379
1,958	Western Digital Corp. ^(a)	131,284
308	Zebra Technologies Corp. Class A ^(a)	108,167

		71,244,144

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.2%
3,509	Fiserv, Inc. ^(a)	573,967

Construction of Buildings - 0.2%
1,778	D.R. Horton, Inc.	319,915
1,469	Lennar Corp. Class A	259,910
18	NVR, Inc. ^(a)	154,935
1,261	PulteGroup, Inc.	166,452

		901,212

Couriers and Messengers - 0.3%
1,357	FedEx Corp.	410,153
4,374	United Parcel Service, Inc. Class B	570,239

		980,392

Credit Intermediation and Related Activities - 3.9%
3,409	American Express Co.	862,613
40,802	Bank of America Corp.	1,644,729
4,485	Bank of New York Mellon Corp.	291,839
2,292	Capital One Financial Corp.	347,009
11,438	Citigroup, Inc.	742,097
2,729	Citizens Financial Group, Inc.	116,446
1,503	Discover Financial Services	216,417
3,336	Fidelity National Information Services, Inc.	256,305
4,103	Fifth Third Bancorp	173,721
8,691	Huntington Bancshares, Inc.	129,931
17,221	JPMorgan Chase & Co.	3,664,629
5,656	KeyCorp	91,231
1,002	M&T Bank Corp.	172,514
4,924	MasterCard, Inc. Class A	2,283,308
1,227	Northern Trust Corp.	108,774
2,386	PNC Financial Services Group, Inc.	432,105
5,491	Regions Financial Corp.	122,834
1,807	State Street Corp.	153,541
2,408	Synchrony Financial	122,302
8,025	Truist Financial Corp.	358,637
9,358	U.S. Bancorp	419,987
20,907	Wells Fargo & Co.	1,240,621

		13,951,590

Electrical Equipment, Appliance, and Component Manufacturing - 0.3%
725	A.O. Smith Corp.	61,654
425	Axon Enterprise, Inc. ^(a)	127,504
3,431	Emerson Electric Co.	401,804
363	Generac Holdings, Inc. ^(a)	56,512
684	Rockwell Automation, Inc.	190,597
1,837	TE Connectivity Ltd. ADR (Switzerland)	283,504

		1,121,575

Fabricated Metal Product Manufacturing - 0.1%
1,862	Ball Corp.	118,851
1,438	Nucor Corp.	234,308
996	Pentair PLC ADR (Ireland)	87,518
922	Stanley Black & Decker, Inc.	97,382

		538,059

Food and Beverage Retailers - 0.1%
4,013	Kroger Co.	218,709

Food Manufacturing - 0.9%
2,965	Archer-Daniels-Midland Co.	183,860
1,180	Campbell Soup Co.	55,295
23,252	Coca-Cola Co.	1,551,838
3,385	General Mills, Inc.	227,269
1,741	Hormel Foods Corp.	55,904


1,579	Kellanova	91,819
866	Lamb Weston Holdings, Inc.	51,977
1,509	McCormick & Co, Inc.	116,208
8,044	Mondelez International, Inc.	549,807
885	The Hershey Co.	174,770
637	The J.M. Smucker Co.	75,134
4,734	The Kraft Heinz Co.	166,684
1,715	Tyson Foods, Inc. Class A	104,444

		3,405,009

Food Services and Drinking Places - 0.7%
8,236	Chipotle Mexican Grill, Inc. ^(a)	447,380
715	Darden Restaurants, Inc.	104,597
4,322	McDonald’s Corp.	1,147,059
6,793	Starbucks Corp.	529,514
1,688	Yum! Brands, Inc.	224,217

		2,452,767

Funds, Trusts, and Other Financial Vehicles - 0.1%
921	Garmin Ltd. ADR (Switzerland)	157,721
1,339	T. Rowe Price Group, Inc.	152,927

		310,648

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0%⁽^†⁾
1,154	Best Buy Co., Inc.	99,844

Gasoline Stations and Fuel Dealers - 0.5%
10,277	Chevron Corp.	1,649,150

General Merchandise Retailers - 4.2%
54,920	Amazon.com, Inc. ^(a)	10,268,942
2,659	Costco Wholesale Corp.	2,185,698
1,317	Dollar General Corp.	158,554
1,242	Dollar Tree, Inc. ^(a)	129,590
3,034	eBay, Inc.	168,721
701	Etsy, Inc. ^(a)	45,663
2,774	Target Corp.	417,237
25,617	Walmart, Inc.	1,758,351

		15,132,756

Health and Personal Care Retailers - 0.2%
7,529	CVS Health Corp.	454,225
288	Ulta Beauty, Inc. ^(a)	105,088
4,295	Walgreens Boots Alliance, Inc.	50,982

		610,295

Hospitals - 0.1%
1,163	HCA Healthcare, Inc.	422,227
358	Universal Health Services, Inc. Class B	76,526

		498,753

Insurance Carriers and Related Activities - 4.3%
3,101	Aflac, Inc.	295,773
1,583	Allstate Corp.	270,883
3,979	American International Group, Inc.	315,256
2,243	Arch Capital Group Ltd. ADR ^(a)	214,835
1,310	Arthur J. Gallagher & Co.	371,372
312	Assurant, Inc.	54,560
10,858	Berkshire Hathaway, Inc. Class B ^(a)	4,761,233
1,420	Brown & Brown, Inc.	141,191
3,200	Centene Corp. ^(a)	246,144
2,434	Chubb Limited ADR (Switzerland)	670,956
1,702	Cigna Corp.	593,436
938	Cincinnati Financial Corp.	122,522
1,393	Elevance Health, Inc.	741,118
261	Everest Re Group Ltd. ADR	102,539
504	Globe Life, Inc.	46,741
1,775	Hartford Financial Services Group, Inc.	196,883
722	Humana, Inc.	261,082
1,090	Loews Corp.	87,146
2,955	Marsh & McLennan Companies, Inc.	657,694
3,582	MetLife, Inc.	275,277
1,293	Principal Financial Group, Inc.	105,392
3,512	Progressive Corp.	751,990
2,154	Prudential Financial, Inc.	269,939
1,373	Travelers Companies, Inc.	297,172
5,520	UnitedHealth Group, Inc.	3,180,403
1,818	W.R. Berkley Corp.	100,226
613	Willis Towers Watson PLC ADR (Ireland)	173,038

		15,304,801

Leather and Allied Product Manufacturing - 0.2%
7,266	NIKE, Inc. Class B	543,933
1,378	Tapestry, Inc.	55,244

		599,177

Machinery Manufacturing - 2.0%
4,983	Applied Materials, Inc.	1,057,393
5,985	Baker Hughes Co.	231,739
5,025	Carrier Global Corp.	342,253
2,933	Caterpillar, Inc.	1,015,405
820	Cummins, Inc.	239,276
1,552	Deere & Co.	577,313
6,565	General Electric Co.	1,117,363
454	IDEX Corp.	94,650
2,420	Ingersoll Rand, Inc.	242,968
784	Lam Research Corp.	722,252
127	Mettler-Toledo International, Inc. ^(a)	193,171
326	Nordson Corp.	81,608
772	Parker Hannifin Corp.	433,215
1,357	Trane Technologies PLC ADR (Ireland)	453,618
1,455	Xylem, Inc.	194,242

		6,996,466

Management of Companies and Enterprises - 0.5%
10,434	Abbott Laboratories	1,105,378
1,303	Aon PLC ADR (United Kingdom)	428,049
849	Bunge Global SA ADR (Switzerland)	89,340
2,573	Norwegian Cruise Line Holdings Ltd. ADR ^(a)	47,420
3,114	Smurfit WestRock Plc ADR (Ireland) ^(a)	139,632

		1,809,819

Merchant Wholesalers, Durable Goods - 0.7%
733	Builders FirstSource, Inc. ^(a)	122,682
5,247	Copart, Inc. ^(a)	274,576
3,434	Fastenal Co.	242,956
836	Genuine Parts Co.	122,984
768	Henry Schein, Inc. ^(a)	55,250
322	Hubbell, Inc.	127,399
237	Huntington Ingalls Industries, Inc.	66,355
4,040	Johnson Controls International PLC ADR (Ireland)	289,022
807	KLA-Tencor Corp.	664,217
1,599	LKQ Corp.	66,359
318	Mohawk Industries, Inc. ^(a)	51,220
230	Pool Corp.	86,029
261	W.W. Grainger, Inc.	254,947

		2,423,996

Merchant Wholesalers, Nondurable Goods - 0.6%
1,074	Brown Forman Corp. Class B	48,502
1,461	Cardinal Health, Inc.	147,313


993	Cencora, Inc.	236,215
2,866	ConAgra Brands, Inc.	86,897
211	Domino’s Pizza, Inc.	90,456
1,629	Illinois Tool Works, Inc.	402,819
779	McKesson Corp.	480,658
2,986	Sysco Corp.	228,877
1,400	The Sherwin Williams Co.	491,120

		2,212,857

Mining (except Oil and Gas) - 0.3%
8,614	Freeport-McMoRan Copper & Gold, Inc.	391,162
370	Martin Marietta Materials, Inc.	219,540
6,916	Newmont Corp.	339,368
793	Vulcan Materials Co.	217,686

		1,167,756

Miscellaneous Manufacturing - 2.2%
3,318	3M Co.	423,211
419	Align Technology, Inc. ^(a)	97,158
3,056	Baxter International, Inc.	109,466
1,733	Becton, Dickinson & Co.	417,757
8,818	Boston Scientific Corp. ^(a)	651,474
2,386	DexCom, Inc. ^(a)	161,818
824	Dover Corp.	151,830
3,613	Edwards Lifesciences Corp. ^(a)	227,800
1,398	Estee Lauder Companies, Inc. Class A	139,255
785	Hasbro, Inc.	50,601
419	Insulet Corp. ^(a)	81,433
2,127	Intuitive Surgical, Inc. ^(a)	945,685
14,433	Johnson & Johnson	2,278,249
7,964	Medtronic PLC ADR (Ireland)	639,668
880	ResMed, Inc.	187,660
828	Solventum Corp. ^(a)	48,753
593	Steris PLC ADR (Ireland)	141,585
2,032	Stryker Corp.	665,378
282	Teleflex, Inc.	62,299
1,143	Textron, Inc.	106,185
1,192	The Cooper Companys, Inc. ^(a)	111,249
1,233	Zimmer Biomet Holdings, Inc.	137,295

		7,835,809

Motion Picture and Sound Recording Industries - 0.5%
2,585	Netflix, Inc. ^(a)	1,624,285

Motor Vehicle and Parts Dealers - 0.2%
103	AutoZone, Inc. ^(a)	322,770
943	CarMax, Inc. ^(a)	79,627
352	O’Reilly Automotive, Inc. ^(a)	396,472

		798,869

National Security and International Affairs - 0.0%⁽^†⁾
811	Leidos Holdings, Inc.	117,108

Nonmetallic Mineral Product Manufacturing - 0.0%⁽^†⁾
4,625	Corning, Inc.	185,046

Oil and Gas Extraction - 1.4%
2,161	APA Corp.	67,402
4,463	Coterra Energy, Inc.	115,145
3,790	Devon Energy Corp.	178,244
1,071	Diamondback Energy, Inc.	216,674
5,028	Dominion Energy, Inc.	268,797
3,448	EOG Resources, Inc.	437,206
3,556	EQT Corp.	122,717
26,901	Exxon Mobil Corp.	3,190,190
3,382	Marathon Oil Corp.	94,865
3,988	Occidental Petroleum Corp.	242,550

		4,933,790

Paper Manufacturing - 0.0%⁽^†⁾
534	Packaging Corp of America	106,731

Performing Arts, Spectator Sports, and Related Industries - 0.1%
1,298	Caesars Entertainment Inc. ^(a)	51,855
1,458	Electronic Arts, Inc.	220,071

		271,926

Petroleum and Coal Products Manufacturing - 0.5%
7,014	ConocoPhillips	779,957
2,113	Marathon Petroleum Corp.	374,043
2,544	Phillips 66	370,101
1,961	Valero Energy Corp.	317,133

		1,841,234

Pipeline Transportation - 0.1%
1,330	Targa Resources Corp.	179,922
7,309	Williams Companies, Inc.	313,849

		493,771

Plastics and Rubber Products Manufacturing - 0.1%
483	Avery Dennison Corp.	104,729
437	West Pharmaceutical Services, Inc.	133,796

		238,525

Primary Metal Manufacturing - 0.1%
2,325	Howmet Aerospace, Inc.	222,502
886	Steel Dynamics, Inc.	118,033

		340,535

Professional, Scientific, and Technical Services - 3.8%
3,771	Accenture PLC Class A ADR (Ireland)	1,246,768
806	CDW Corp.	175,797
309	Charles River Laboratories International, Inc. ^(a)	75,427
2,983	Cognizant Technology Solutions Corp. Class A	225,753
2,397	Eaton Corporation PLC ADR (Ireland)	730,582
347	EPAM Systems, Inc. ^(a)	74,650
1,270	Extra Space Storage, Inc.	202,717
351	F5 Networks, Inc. ^(a)	71,478
845	GoDaddy, Inc. ^(a)	122,905
495	IDEXX Laboratories, Inc. ^(a)	235,679
2,083	International Paper Co.	96,818
2,263	Interpublic Group of Companies, Inc.	72,801
1,094	IQVIA Holdings, Inc. ^(a)	269,376
438	Jack Henry & Associates, Inc.	75,108
751	Jacobs Solutions, Inc.	109,909
1,948	Juniper Networks, Inc.	73,420
13,143	Meta Platforms, Inc.	6,240,691
1,999	Moderna, Inc. ^(a)	238,321
1,174	Omnicom Group, Inc.	115,099
9,561	Oracle Corp.	1,333,281
1,922	Paychex, Inc.	246,054
288	Paycom Software, Inc.	48,036
718	PTC, Inc. ^(a)	127,696
1,231	ServiceNow, Inc. ^(a)	1,002,514
952	Take-Two Interactive Software, Inc. ^(a)	143,305
519	VeriSign, Inc. ^(a)	97,058
856	Verisk Analytics, Inc. Class A	224,058

		13,675,301

Publishing Industries - 7.1%
2,687	Adobe, Inc. ^(a)	1,482,283
914	Akamai Technologies, Inc. ^(a)	89,828
524	Ansys, Inc. ^(a)	164,342


1,282	Autodesk, Inc. ^(a)	317,321
1,632	Cadence Design Systems, Inc. ^(a)	436,821
1,384	CrowdStrike Holdings, Inc. ^(a)	321,033
945	Dayforce, Inc. ^(a)	56,020
148	Fair Isaac Corp. ^(a)	236,800
7,797	Hewlett Packard Enterprise Co.	155,238
1,679	Intuit, Inc.	1,086,901
44,573	Microsoft Corp.	18,647,115
2,274	News Corp. Class A	62,717
686	News Corp. Class B	19,544
3,306	NortonLifeLock, Inc.	85,923
5,824	Salesforce, Inc.	1,507,251
914	Synopsys, Inc. ^(a)	510,304
255	Tyler Technologies, Inc. ^(a)	144,868

		25,324,309

Rail Transportation - 0.4%
11,725	CSX Corp.	411,548
3,659	Union Pacific Corp.	902,785

		1,314,333

Real Estate - 1.4%
943	Alexandria Real Estate Equities, Inc.	110,605
2,801	American Tower Corp.	617,340
850	AvalonBay Communities, Inc.	174,182
867	BXP, Inc.	61,826
640	Camden Property Trust	70,880
1,809	CBRE Group, Inc. Class A ^(a)	203,892
2,607	Crown Castle, Inc.	286,979
1,946	Digital Realty Trust, Inc.	290,908
2,068	Equity Residential	143,995
384	Essex Property Trust, Inc.	106,890
447	Federal Realty Investment Trust	49,908
4,221	Healthpeak Properties, Inc.	92,102
3,453	Invitation Homes, Inc.	121,787
4,002	Kimco Realty Corp.	86,963
701	Mid-America Apartment Communities, Inc.	97,979
5,553	Prologis, Inc.	699,956
948	Public Storage	280,532
5,222	Realty Income Corp.	299,899
986	Regency Centers Corp.	66,397
1,956	Simon Property Group, Inc.	300,129
1,818	UDR, Inc.	72,847
2,427	Ventas, Inc.	132,126
6,255	VICI Properties, Inc.	195,531
3,585	Welltower, Inc.	398,831
4,371	Weyerhaeuser Co.	138,823

		5,101,307

Rental and Leasing Services - 0.1%
398	United Rentals, Inc.	301,326

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.8%
837	BlackRock, Inc.	733,630
631	Cboe Global Markets, Inc.	115,795
8,953	Charles Schwab Corp.	583,646
2,161	CME Group, Inc.	418,607
4,216	Dow, Inc.	229,646
1,798	Franklin Resources, Inc.	41,120
1,933	Goldman Sachs Group, Inc.	983,955
2,698	Invesco Ltd. ADR ^(a)	46,567
3,990	KKR & Co., Inc.	492,566
228	MarketAxess Holdings, Inc.	50,965
7,504	Morgan Stanley	774,488
475	MSCI, Inc. Class A	256,861
2,483	NASDAQ OMX Group, Inc.	168,049
1,119	Raymond James Financial, Inc.	129,804
1,919	S&P Global, Inc.	930,197
4,286	The Blackstone Group, Inc.	609,255

		6,565,151

Specialty Trade Contractors - 0.1%
877	Quanta Services, Inc.	232,738

Support Activities for Agriculture and Forestry - 0.1%
4,179	Corteva, Inc.	234,442

Support Activities for Mining - 0.2%
5,309	Halliburton Co.	184,116
1,658	Hess Corp.	254,371
8,573	Schlumberger Ltd. ADR (Curaco) ^(a)	413,990

		852,477

Support Activities for Transportation - 0.2%
702	C.H. Robinson Worldwide, Inc.	62,513
761	Expedia, Inc. ^(a)	97,157
848	Expeditors International of Washington, Inc.	105,848
488	J.B. Hunt Transport Services, Inc.	84,497
1,354	Norfolk Southern Corp.	337,904

		687,919

Telecommunications - 1.0%
42,999	AT&T, Inc.	827,731
569	Equinix, Inc.	449,646
6,274	PayPal Holdings, Inc. ^(a)	412,703
644	SBA Communications Corp.	141,384
3,092	T-Mobile US, Inc.	563,610
25,244	Verizon Communications, Inc.	1,022,887

		3,417,961

Transportation Equipment Manufacturing - 2.3%
1,632	Aptiv PLC ADR (United Kingdom) ^(a)	113,244
3,461	Boeing Co. ^(a)	659,667
1,369	BorgWarner, Inc.	48,339
23,518	Ford Motor Co.	254,465
1,364	General Dynamics Corp.	407,440
6,843	General Motors Co.	303,282
3,906	Honeywell International, Inc.	799,753
1,280	Lockheed Martin Corp.	693,658
3,144	Paccar, Inc.	310,187
16,640	Tesla, Inc. ^(a)	3,861,645
336	TransDigm Group, Inc.	434,858
1,058	Wabtec Corp.	170,497

		8,057,035

Truck Transportation - 0.1%
1,069	Old Dominion Freight Line, Inc.	224,682

Utilities - 2.0%
4,263	AES Corp.	75,839
1,537	Alliant Energy Corp.	85,549
1,600	Ameren Corp.	126,832
3,161	American Electric Power Co., Inc.	310,157
1,168	American Water Works Co., Inc.	166,276
905	Atmos Energy Corp.	115,731
3,836	CenterPoint Energy, Inc.	106,449
1,792	CMS Energy Corp.	116,122
2,073	Consolidated Edison, Inc.	202,159
1,890	Constellation Energy Corp.	358,722
1,240	DTE Energy Co.	149,457


4,628	Duke Energy Corp.		505,702
2,307	Edison International		184,583
1,280	Entergy Corp.		148,442
1,379	Evergy, Inc.		79,982
2,112	Eversource Energy		137,090
5,997	Exelon Corp.		223,088
3,106	FirstEnergy Corp.		130,172
1,643	GE Vernova, Inc. ^(a)		292,848
11,580	Kinder Morgan, Inc.		244,685
12,321	NextEra Energy, Inc.		941,201
2,688	NiSource, Inc.		84,000
1,250	NRG Energy, Inc.		93,963
3,500	ONEOK, Inc.		291,655
12,815	PG&E Corp.		233,874
682	Pinnacle West Capital Corp.		58,372
4,423	PPL Corp.		131,452
2,988	Public Service Enterprise Group, Inc.		238,353
3,796	Sempra Energy		303,908
6,557	Southern Co.		547,641
1,959	Vistra Corp.		155,192
1,895	WEC Energy Group, Inc.		163,084
3,332	Xcel Energy, Inc.		194,189

			7,196,769

Waste Management and Remediation Services - 0.1%
1,228	Republic Services, Inc.		238,625

Water Transportation - 0.0%⁽^†⁾
6,058	Carnival Corp. ADR (Panama) ^(a)		100,926

Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%
2,449	CoStar Group, Inc. ^(a)		191,071

Wood Product Manufacturing - 0.0%⁽^†⁾
1,321	Masco Corp.		102,840

	TOTAL COMMON STOCKS (Cost $231,122,709)	$	278,126,516

SHORT TERM INVESTMENTS - 22.7%
Money Market Funds - 22.7%
27,609,187	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	27,609,187
53,434,638	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		53,434,638

	TOTAL SHORT TERM INVESTMENTS (Cost $81,043,825)	$	81,043,825

	TOTAL INVESTMENTS (Cost $312,166,534) - 100.5% ^(c)	$	359,170,341
	Liabilities in Excess of Other Assets - (0.5)%		(1,636,077	)

	TOTAL NET ASSETS - 100.0%	$	357,534,264

Percentages are stated as a percent of net assets.

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

^(†)	Less than 0.05%.

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $331,561,154.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Invesco QQQ Trust Series 1	5.6800% representing 1 month SOFR rate + spread	Goldman Sachs		12/10/2024		604,000	$	294,532,571	$	(11,291,994	)
Total return of Technology Select Sector SPDR Fund	5.7800% representing 1 month SOFR rate + spread	Goldman Sachs		12/10/2024		407,000		77,680,413		9,570,816

							$	372,212,984	$	(1,721,178	)

Direxion NASDAQ-100^®Equal Weighted Index Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 99.9%
	Accommodation - 1.9%
	89,920	Airbnb, Inc. ^(a)	$	12,549,235
	55,225	Marriott International, Inc. Class A		12,552,643

				25,101,878

	Administrative and Support Services - 2.9%
	54,243	Automatic Data Processing, Inc.		14,245,296
	3,368	Booking Holdings, Inc.		12,512,154
	93,492	Pinduoduo, Inc. ADR (China) ^(a)		12,050,184

				38,807,634

	Apparel Manufacturing - 1.1%
	18,984	Cintas Corp.		14,502,637

	Beverage and Tobacco Product Manufacturing - 4.1%
	179,650	Coca-Cola Europacific Partners ADR (United Kingdom)		13,252,781
	391,190	Keurig Dr Pepper, Inc.		13,409,993
	273,971	Monster Beverage Corp. ^(a)		14,095,808
	80,390	PepsiCo, Inc.		13,880,941

				54,639,523

	Broadcasting and Content Providers - 3.6%
	46,345	Charter Communications, Inc. ^(a)		17,598,124
	349,505	Comcast Corp. Class A		14,424,071
	1,873,131	Warner Bros Discovery, Inc. ^(a)		16,202,583

				48,224,778

	Chemical Manufacturing - 7.2%
	43,651	Amgen, Inc.		14,512,648
	170,501	AstraZeneca PLC ADR (United Kingdom)		13,495,154
	60,041	Biogen, Inc. ^(a)		12,800,741
	190,319	Gilead Sciences, Inc.		14,475,663
	30,384	Linde PLC ADR (Ireland)		13,779,144
	12,763	Regeneron Pharmaceuticals, Inc. ^(a)		13,773,702
	28,692	Vertex Pharmaceuticals, Inc. ^(a)		14,223,199

				97,060,251

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 1.8%
	43,132	Lululemon Athletica, Inc. ^(a)		11,156,523
	90,111	Ross Stores, Inc.		12,906,599

				24,063,122

	Computer and Electronic Product Manufacturing - 21.6%
	83,407	Advanced Micro Devices, Inc. ^(a)		12,050,643
	37,434	Alphabet, Inc.		6,421,428
	37,313	Alphabet, Inc. Class C		6,460,746
	58,211	Analog Devices, Inc.		13,468,861
	64,822	Apple, Inc.		14,395,670
	81,084	Broadcom, Inc.		13,028,577
	284,394	Cisco Systems, Inc.		13,778,889
	229,663	Fortinet, Inc. ^(a)		13,329,640
	169,878	GE HealthCare Technologies, Inc.		14,376,775
	263,189	GlobalFoundries, Inc. ADR ^(a)(b)		13,425,271
	126,766	Illumina, Inc. ^(a)		15,541,512
	432,583	Intel Corp.		13,297,601
	146,864	Microchip Technology, Inc.		13,038,586
	96,374	Micron Technology, Inc.		10,583,793
	59,107	MongoDB, Inc. ^(a)		14,916,243
	106,256	NVIDIA Corp.		12,434,077
	49,613	NXP Semiconductors NV ADR (Netherlands)		13,056,157
	196,278	ON Semiconductor Corp. ^(a)		15,358,753
	41,982	Palto Alto Networks, Inc. ^(a)		13,632,815
	63,287	Qualcomm, Inc.		11,451,783
	23,945	Roper Technologies, Inc.		13,044,039
	11,635	Super Micro Computer, Inc. ^(a)		8,163,698
	68,784	Texas Instruments, Inc.		14,018,867

				289,274,424

	Food Manufacturing - 2.1%
	202,210	Mondelez International, Inc.		13,821,053
	408,165	The Kraft Heinz Co.		14,371,490

				28,192,543

	Food Services and Drinking Places - 2.0%
	118,092	DoorDash, Inc. ^(a)		13,075,146
	168,310	Starbucks Corp.		13,119,765

				26,194,911

	General Merchandise Retailers - 4.0%
	71,135	Amazon.com, Inc. ^(a)		13,300,823
	15,864	Costco Wholesale Corp.		13,040,208
	125,845	Dollar Tree, Inc. ^(a)		13,130,667
	8,409	MercadoLibre, Inc. ^(a)		14,033,780

				53,505,478

	Machinery Manufacturing - 3.9%
	57,124	Applied Materials, Inc.		12,121,713
	12,974	ASML Holding NV ADR (Netherlands)		12,152,746
	408,414	Baker Hughes Co.		15,813,790
	12,796	Lam Research Corp.		11,788,187

				51,876,436

	Management of Companies and Enterprises - 0.9%
	83,900	ARM Holdings Plc ADR (United Kingdom) ^(a)(b)		12,095,863

	Merchant Wholesalers, Durable Goods - 3.1%
	247,965	Copart, Inc. ^(a)		12,976,008
	205,831	Fastenal Co.		14,562,543
	16,480	KLA-Tencor Corp.		13,564,194

				41,102,745

	Miscellaneous Manufacturing - 1.6%
	115,303	DexCom, Inc. ^(a)		7,819,849
	31,091	Intuitive Surgical, Inc. ^(a)		13,823,370

				21,643,219

	Motion Picture and Sound Recording Industries - 0.9%
	19,603	Netflix, Inc. ^(a)		12,317,545

	Motor Vehicle and Parts Dealers - 1.0%
	12,428	O’Reilly Automotive, Inc. ^(a)		13,998,153

	Oil and Gas Extraction - 1.1%
	70,454	Diamondback Energy, Inc.		14,253,549

	Performing Arts, Spectator Sports, and Related Industries - 1.1%
	96,710	Electronic Arts, Inc.		14,597,407

	Professional, Scientific, and Technical Services - 12.8%
	82,778	Atlassian Corp. ^(a)		14,616,111
	57,106	CDW Corp.		12,455,390
	196,794	Cognizant Technology Solutions Corp. Class A		14,893,370
	27,132	IDEXX Laboratories, Inc. ^(a)		12,918,088
	187,081	Marvell Technology, Inc.		12,530,685


27,180	Meta Platforms, Inc.		12,905,879
100,817	Moderna, Inc. ^(a)		12,019,403
106,776	Paychex, Inc.		13,669,464
85,009	Take-Two Interactive Software, Inc. ^(a)		12,796,405
137,641	The Trade Desk, Inc. ^(a)		12,371,173
49,755	Verisk Analytics, Inc. Class A		13,023,371
61,378	Workday, Inc. ^(a)		13,940,171
74,900	Zscaler, Inc. ^(a)		13,433,315

			171,572,825

Publishing Industries - 8.4%
25,222	Adobe, Inc. ^(a)		13,913,716
41,338	Ansys, Inc. ^(a)		12,964,837
55,505	Autodesk, Inc. ^(a)		13,738,597
42,241	Cadence Design Systems, Inc. ^(a)		11,306,226
35,332	CrowdStrike Holdings, Inc. ^(a)		8,195,611
114,391	Datadog, Inc. ^(a)		13,319,688
21,300	Intuit, Inc.		13,788,555
29,899	Microsoft Corp.		12,508,247
22,219	Synopsys, Inc. ^(a)		12,405,312

			112,140,789

Rail Transportation - 1.0%
402,549	CSX Corp.		14,129,470

Telecommunications - 2.1%
221,890	PayPal Holdings, Inc. ^(a)		14,595,924
76,097	T-Mobile US, Inc.		13,870,961

			28,466,885

Transportation Equipment Manufacturing - 3.2%
62,524	Honeywell International, Inc.		12,801,789
126,936	Paccar, Inc.		12,523,506
73,513	Tesla, Inc. ^(a)		17,060,162

			42,385,457

Truck Transportation - 1.2%
76,904	Old Dominion Freight Line, Inc.		16,163,683

Utilities - 4.2%
154,500	American Electric Power Co., Inc.		15,159,540
61,650	Constellation Energy Corp.		11,701,170
386,689	Exelon Corp.		14,384,831
251,997	Xcel Energy, Inc.		14,686,385

			55,931,926

Web Search Portals, Libraries, Archives, and Other Information Services - 1.1%
181,898	CoStar Group, Inc. ^(a)		14,191,682

	TOTAL COMMON STOCKS (Cost $1,307,484,838)	$	1,336,434,813

SHORT TERM INVESTMENTS - 0.7%
Money Market Funds - 0.7%
9,988,674	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	9,988,674

	TOTAL SHORT TERM INVESTMENTS (Cost $9,988,674)	$	9,988,674

	TOTAL INVESTMENTS (Cost $1,317,473,512) - 100.6%	$	1,346,423,487
	Liabilities in Excess of Other Assets - (0.6)%		(9,115,150	)

	TOTAL NET ASSETS - 100.0%	$	1,337,308,337

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 99.7%
	Administrative and Support Services - 4.2%
	6,869	Cloudflare, Inc. ^(a)	$	532,347
	25,023	SentinelOne, Inc. ^(a)		573,027

				1,105,374

	Computer and Electronic Product Manufacturing - 21.2%
	5,096	Alphabet, Inc.		874,168
	4,960	Broadcom, Inc.		796,973
	13,619	Cisco Systems, Inc.		659,840
	9,389	Fortinet, Inc. ^(a)		544,937
	3,413	International Business Machines Corp.		655,774
	6,390	NetApp, Inc.		811,402
	2,401	Palto Alto Networks, Inc. ^(a)		779,677
	40,170	Xerox Corp.		432,430

				5,555,201

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 2.8%
	20,739	RingCentral, Inc. ^(a)		726,902

	Food Services and Drinking Places - 2.7%
	20,985	JOYY, Inc. ADR		698,591

	General Merchandise Retailers - 2.7%
	3,859	Amazon.com, Inc. ^(a)		721,556

	Merchant Wholesalers, Durable Goods - 2.9%
	6,340	SYNNEX Corp.		755,538

	Professional, Scientific, and Technical Services - 29.4%
	3,380	Atlassian Corp. ^(a)		596,807
	17,121	DigitalOcean Holdings, Inc. ^(a)		567,219
	97,614	Hello Group, Inc. ADR		658,895
	8,230	Marvell Technology, Inc.		551,245
	1,350	Meta Platforms, Inc.		641,020
	31,453	NetScout Systems, Inc. ^(a)		640,069
	5,965	Oracle Corp.		831,819
	10,567	Pegasystems, Inc.		736,731
	903	ServiceNow, Inc. ^(a)		735,394
	2,509	Workday, Inc. ^(a)		569,844
	10,082	Zoom Video Communications, Inc. ^(a)		608,953
	3,308	Zscaler, Inc. ^(a)		593,290

				7,731,286

	Publishing Industries - 24.1%
	1,233	Adobe, Inc. ^(a)		680,184
	22,623	Box, Inc. ^(a)		636,159
	2,032	CrowdStrike Holdings, Inc. ^(a)		471,343
	2,590	CyberArk Software Ltd. ADR (Israel) ^(a)		664,024
	12,762	DocuSign, Inc. ^(a)		708,036
	1,096	HubSpot, Inc. ^(a)		544,745
	1,665	Microsoft Corp.		696,553
	6,149	Okta, Inc. ^(a)		577,637
	2,205	Salesforce, Inc.		570,654
	16,167	Smartsheet, Inc. ^(a)		775,369

				6,324,704

	Telecommunications - 9.7%
	242,622	8x8, Inc. ^(a)		747,276
	262,603	Altice USA, Inc. ^(a)		548,840
	34,931	America Movil SAB de CV ADR (Mexico)		584,046
	16,771	Verizon Communications, Inc.		679,561

				2,559,723

		TOTAL COMMON STOCKS (Cost $28,390,697)	$	26,178,875

	SHORT TERM INVESTMENTS - 0.3%
	Money Market Funds - 0.3%
	71,438	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	71,438

		TOTAL SHORT TERM INVESTMENTS (Cost $71,438)	$	71,438

		TOTAL INVESTMENTS (Cost $28,462,135) - 100.0%	$	26,250,313
		Other Assets in Excess of Liabilities - 0.0% ⁽^†⁾		6,243

		TOTAL NET ASSETS - 100.0%	$	26,256,556

Percentages are stated as a percent of net assets.

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

^(†)	Less than 0.05%.

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

ADR - American Depository Receipt

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 108.1%
	Money Market Funds - 108.1%
	164,277,391	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	164,277,391
	25,031,417	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		25,031,417

		TOTAL SHORT TERM INVESTMENTS (Cost $189,308,808) ^(b)	$	189,308,808

		TOTAL INVESTMENTS (Cost $189,308,808) - 108.1%	$	189,308,808
		Liabilities in Excess of Other Assets - (8.1)%		(14,183,002	)

		TOTAL NET ASSETS - 100.0%	$	175,125,806

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $39,296,147.

Short Total Return Swap Contracts (Unaudited)

July 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
5.4800% representing 1 month SOFR rate + spread		Total return of S&P 500^®Index		UBS Securities LLC		12/17/2024		11,364	$	54,439,790	$	(7,022,961	)
5.9000% representing 1 month SOFR rate + spread		Total return of S&P 500^®Index		Barclays		12/23/2024		20,349		109,568,289		(2,110,382	)

									$	164,008,079	$	(9,133,343	)

Direxion Daily AAPL Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 105.1%
	Money Market Funds - 105.1%
	19,572,827	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	19,572,827
	1,019,482	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		1,019,482
	1,120,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		1,120,000
	4,238,045	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		4,238,045

		TOTAL SHORT TERM INVESTMENTS (Cost $25,950,354) ^(b)	$	25,950,354

		TOTAL INVESTMENTS (Cost $25,950,354) - 105.1%	$	25,950,354
		Liabilities in Excess of Other Assets - (5.1)%		(1,253,677	)

		TOTAL NET ASSETS - 100.0%	$	24,696,677

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $9,851,470.

Short Total Return Swap Contracts (Unaudited)

July 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
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of Apple, Inc.		BNP Paribas		12/4/2024		27,449	$	5,435,540	$	(560,951	)
5.3300% representing 1 month SOFR rate + spread		Total return of common shares of Apple, Inc.		Goldman Sachs		12/10/2024		18,099		3,904,082		(92,413	)
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of Apple, Inc.		Bank of America Merrill Lynch		12/11/2024		23,943		4,685,885		(526,702	)
3.3300% representing 1 month SOFR rate + spread		Total return of common shares of Apple, Inc.		Citibank N.A.		12/19/2024		28,435		6,202,154		(89,817	)
5.8300% representing 1 month SOFR rate + spread		Total return of common shares of Apple, Inc.		Barclays		12/23/2024		13,281		2,894,214		(51,494	)

									$	23,121,875	$	(1,321,377	)

Direxion Daily AMZN Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares		Fair Value
SHORT TERM INVESTMENTS - 100.6%
Money Market Funds - 100.6%
2,001,196	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	2,001,196
209,874	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		209,874
600,585	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		600,585

	TOTAL SHORT TERM INVESTMENTS (Cost $2,811,655) ^(b)	$	2,811,655

	TOTAL INVESTMENTS (Cost $2,811,655) - 100.6%	$	2,811,655
	Liabilities in Excess of Other Assets - (0.6)%		(17,611	)

	TOTAL NET ASSETS - 100.0%	$	2,794,044

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $810,459.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.3300% representing 1 month SOFR rate + spread		Total return of common shares of Amazon.com, Inc.		Goldman Sachs		12/10/2024		6,016	$	1,134,940	$	17,407
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of Amazon.com, Inc.		Bank of America Merrill Lynch		12/11/2024		187		33,808		(681	)
3.3300% representing 1 month SOFR rate + spread		Total return of common shares of Amazon.com, Inc.		Citibank N.A.		12/19/2024		8,740		1,590,959		(30,761	)

									$	2,759,707	$	(14,035	)

Direxion Daily GOOGL Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares		Fair Value
SHORT TERM INVESTMENTS - 100.7%
Money Market Funds - 100.7%
2,810,333	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	2,810,333
783,235	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		783,235
901,635	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		901,635

	TOTAL SHORT TERM INVESTMENTS (Cost $4,495,203) ^(b)	$	4,495,203

	TOTAL INVESTMENTS (Cost $4,495,203) - 100.7%	$	4,495,203
	Liabilities in Excess of Other Assets - (0.7)%		(32,659	)

	TOTAL NET ASSETS - 100.0%	$	4,462,544

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,684,870.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.3300% representing 1 month SOFR rate + spread		Total return of common shares of Alphabet, Inc.		Goldman Sachs		12/10/2024		14,780	$	2,645,157	$	116,396
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of Alphabet, Inc.		Bank of America Merrill Lynch		12/11/2024		4,549		696,896		(72,651	)
3.3300% representing 1 month SOFR rate + spread		Total return of common shares of Alphabet, Inc.		Citibank N.A.		12/19/2024		6,686		1,059,574		(80,983	)

									$	4,401,627	$	(37,238	)

Direxion Daily META Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares		Fair Value
SHORT TERM INVESTMENTS - 63.2%
Money Market Funds - 63.2%
1,652,394	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	1,652,394
270,957	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		270,957
540,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		540,000
290,000	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		290,000

	TOTAL SHORT TERM INVESTMENTS (Cost $2,753,351) ^(b)	$	2,753,351

	TOTAL INVESTMENTS (Cost $2,753,351) - 63.2%	$	2,753,351
	Other Assets in Excess of Liabilities - 36.8%		1,600,390

	TOTAL NET ASSETS - 100.0%	$	4,353,741

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,100,957.

Short Total Return Swap Contracts (Unaudited)

July 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
3.8300% representing 1 month SOFR rate + spread		Total return of Common shares of Meta Platforms Corporation		Bank of America Merrill Lynch		12/11/2024		1,873	$	981,755	$	94,641
6.0800% representing 1 month SOFR rate + spread		Total return of Common shares of Meta Platforms Corporation		Barclays		12/23/2024		2,921		1,506,319		126,567
5.3300% representing 1 month SOFR rate + spread		Total return of Common shares of Meta Platforms Corporation		Goldman Sachs		7/8/2025		4,375		2,159,719		87,892

									$	4,647,793	$	309,100

Direxion Daily MSFT Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 98.0%
	Money Market Funds - 98.0%
	3,794,089	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	3,794,089
	613,110	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		613,110
	1,396,866	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		1,396,866

		TOTAL SHORT TERM INVESTMENTS (Cost $5,804,065) ^(b)	$	5,804,065

		TOTAL INVESTMENTS (Cost $5,804,065) - 98.0%	$	5,804,065
		Other Assets in Excess of Liabilities - 2.0%		120,834

		TOTAL NET ASSETS - 100.0%	$	5,924,899

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,009,976.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3300% representing 1 month SOFR rate + spread		Total return of common shares of Microsoft Corp.		Goldman Sachs		12/10/2024		4,443	$	1,900,056	$	67,635
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of Microsoft Corp.		Bank of America Merrill Lynch		12/11/2024		3,717		1,578,127		40,618
3.3300% representing 1 month SOFR rate + spread		Total return of common shares of Microsoft Corp.		Citibank N.A.		12/19/2024		6,003		2,638,301		133,902

									$	6,116,484	$	242,155

Direxion Daily NVDA Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 122.3%
	Money Market Funds - 122.3%
	17,404,417	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	17,404,417
	4,679,699	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		4,679,699
	880,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		880,000
	5,147,936	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		5,147,936

		TOTAL SHORT TERM INVESTMENTS (Cost $28,112,052) ^(b)	$	28,112,052

		TOTAL INVESTMENTS (Cost $28,112,052) - 122.3%	$	28,112,052
		Liabilities in Excess of Other Assets - (22.3)%		(5,127,598	)

		TOTAL NET ASSETS - 100.0%	$	22,984,454

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $10,707,635.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.3300% representing 1 month SOFR rate + spread		Total return of common shares of NVIDIA Corp.		Goldman Sachs		12/10/2024		37,220	$	4,631,887	$	303,465
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of NVIDIA Corp.		Bank of America Merrill Lynch		12/11/2024		19,900		1,838,388		(468,716	)
3.3300% representing 1 month SOFR rate + spread		Total return of common shares of NVIDIA Corp.		Citibank N.A.		12/19/2024		116,996		15,159,524		1,520,599
5.8300% representing 1 month SOFR rate + spread		Total return of common shares of NVIDIA Corp.		Barclays		12/23/2024		22,308		2,837,823		247,240

									$	24,467,622	$	1,602,588

Direxion Daily TSLA Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 109.3%
	Money Market Funds - 109.3%
	34,092,749	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	34,092,749
	1,602,321	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		1,602,321
	10,851,048	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		10,851,048

		TOTAL SHORT TERM INVESTMENTS (Cost $46,546,118) ^(b)	$	46,546,118

		TOTAL INVESTMENTS (Cost $46,546,118) - 109.3%	$	46,546,118
		Liabilities in Excess of Other Assets - (9.3)%		(3,943,855	)

		TOTAL NET ASSETS - 100.0%	$	42,602,263

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $19,651,516.

Short Total Return Swap Contracts (Unaudited)

July 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
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of Tesla, Inc.		BNP Paribas		12/4/2024		64,667	$	14,859,907	$	190,311
5.3300% representing 1 month SOFR rate + spread		Total return of common shares of Tesla, Inc.		Goldman Sachs		12/10/2024		18,120		4,497,834		300,254
3.8300% representing 1 month SOFR rate + spread		Total return of common shares of Tesla, Inc.		Bank of America Merrill Lynch		12/11/2024		54,073		13,362,459		1,006,001
3.3300% representing 1 month SOFR rate + spread		Total return of common shares of Tesla, Inc.		Citibank N.A.		12/19/2024		46,715		11,817,041		1,213,201

									$	44,537,241	$	2,709,767

Direxion Daily Concentrated Qs Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 105.2%
	Money Market Funds - 105.2%
	3,822,257	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	3,822,257
	1,165,515	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		1,165,515

		TOTAL SHORT TERM INVESTMENTS (Cost $4,987,772) ^(b)	$	4,987,772

		TOTAL INVESTMENTS (Cost $4,987,772) - 105.2%	$	4,987,772
		Liabilities in Excess of Other Assets - (5.2)%		(248,253	)

		TOTAL NET ASSETS - 100.0%	$	4,739,519

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,165,515.

Short Total Return Swap Contracts (Unaudited)

July 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

5.7800% representing 1 month SOFR rate + spread

Total return of Indxx
Front of the Q Index

Goldman Sachs

4/8/2025

760

4,480,634

(216,930

)

Direxion Daily Crypto Industry Bear 1X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 120.5%
	Money Market Funds - 120.5%
	2,835,673	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	2,835,673
	470,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		470,000

		TOTAL SHORT TERM INVESTMENTS (Cost $3,305,673) ^(b)	$	3,305,673

		TOTAL INVESTMENTS (Cost $3,305,673) - 120.5%	$	3,305,673
		Liabilities in Excess of Other Assets - (20.5)%		(562,988	)

		TOTAL NET ASSETS - 100.0%	$	2,742,685

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $470,000.

Short Total Return Swap Contracts (Unaudited)

July 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)
6.0300% representing 1 month SOFR rate + spread		Total return of Solactive Distributed Ledger & Decentralized Payment Tech Index		Bank of America Merrill Lynch		12/11/2024		103	$	382,064	$	(3,297	)
5.6800% representing 1 month SOFR rate + spread		Total return of Solactive Distributed Ledger & Decentralized Payment Tech Index		Barclays		12/23/2024		629		2,587,247		236,777

									$	2,969,311	$	233,480

Direxion Daily AAPL Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 16.0%
	Computer and Electronic Product Manufacturing - 16.0%
	101,954	Apple, Inc.	$	22,641,944

		TOTAL COMMON STOCKS (Cost $18,692,891)	$	22,641,944

	SHORT TERM INVESTMENTS - 81.8%
	51,890,304	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	51,890,304
	24,111,628	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		24,111,628
	4,540,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		4,540,000
	35,519,343	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		35,519,343

		TOTAL SHORT TERM INVESTMENTS (Cost $116,061,275)	$	116,061,275

		TOTAL INVESTMENTS (Cost $134,754,166) - 97.8% ^(b)	$	138,703,219
		Other Assets in Excess of Liabilities - 2.2%		3,170,991

		TOTAL NET ASSETS - 100.0%	$	141,874,210

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $113,537,913.

Long Total Return Swap Contracts (Unaudited)

July 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 Apple, Inc.		7.3300% representing 1 month SOFR rate + spread		BNP Paribas		12/04/2024		244,342	$	54,263,471	$	(750,792	)
Total return of common shares of Apple, Inc.		8.3300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		183,036		40,648,635		(807,904	)
Total return of common shares of Apple, Inc.		8.5800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		305,515		63,796,473		3,304,244
Total return of common shares of Apple, Inc.		6.2800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		75,161		16,645,012		35,304
Total return of common shares of Apple, Inc.		6.3300% representing 1 month SOFR rate + spread		Goldman Sachs		1/7/2025		367,661		76,803,650		4,221,721

									$	252,157,241	$	6,002,573

Direxion Daily AMZN Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 17.2%
	General Merchandise Retailers - 17.2%
	168,608	Amazon.com, Inc. ^(a)	$	31,526,324

		TOTAL COMMON STOCKS (Cost $29,890,356)	$	31,526,324

	SHORT TERM INVESTMENTS - 81.9%
	25,779,502	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	25,779,502
	49,847,108	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		49,847,108
	74,158,287	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		74,158,287

		TOTAL SHORT TERM INVESTMENTS (Cost $149,784,897)	$	149,784,897

		TOTAL INVESTMENTS (Cost $179,675,253) - 99.1% ^(c)	$	181,311,221
		Other Assets in Excess of Liabilities - 0.9%		1,538,917

		TOTAL NET ASSETS - 100.0%	$	182,850,138

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 July 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 $155,531,718.

Long Total Return Swap Contracts (Unaudited)

July 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.		8.3300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		576,509	$	106,094,047	$	(492,491	)
Total return of common shares of Amazon.com, Inc.		9.0800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		474,235		88,635,170		(1,651,520	)
Total return of common shares of Amazon.com, Inc.		6.5800% representing 1 month SOFR rate + spread		Goldman Sachs		5/2/2025		736,501		135,488,447		523,698

									$	330,217,664	$	(1,620,313	)

Direxion Daily GOOGL Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 17.5%
	Web Search Portals, Libraries, Archives, and Other Information Services - 17.5%
	110,381	Alphabet, Inc. ^(a)	$	18,934,757

		TOTAL COMMON STOCKS (Cost $16,482,201)	$	18,934,757

	SHORT TERM INVESTMENTS - 88.1%
	23,658,279	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	23,658,279
	30,848,171	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		30,848,171
	9,960,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		9,960,000
	30,806,520	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		30,806,520

		TOTAL SHORT TERM INVESTMENTS (Cost $95,272,970)	$	95,272,970

		TOTAL INVESTMENTS (Cost $111,755,171) - 105.6% ^(c)	$	114,207,727
		Liabilities in Excess of Other Assets - (5.6)%		(6,015,947	)

		TOTAL NET ASSETS - 100.0%	$	108,191,780

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $90,549,447.

Long Total Return Swap Contracts (Unaudited)

July 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 Alphabet, Inc.	6.5800% representing 1 month SOFR rate + spread	Goldman Sachs		12/10/2024		407,122	$	75,651,410	$	(6,187,651	)
Total return of common shares of Alphabet, Inc.	8.3300% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		334,342		57,353,027		(1,065,898	)
Total return of common shares of Alphabet, Inc.	8.5800% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2024		228,572		33,548,627		4,449,021
Total return of common shares of Alphabet, Inc.	6.2800% representing 1 month SOFR rate + spread	Barclays		12/23/2024		180,994		31,852,001		(837,530	)

							$	198,405,065	$	(3,642,058	)

Direxion Daily META Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 13.4%
	Professional, Scientific, and Technical Services - 13.4%
	6,724	Meta Platforms, Inc. - Class A	$	3,192,757

		TOTAL COMMON STOCKS (Cost $3,365,433)	$	3,192,757

	SHORT TERM INVESTMENTS - 77.7%
	4,959,232	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	4,959,232
	4,332,375	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		4,332,375
	7,082,449	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		7,082,449
	2,145,458	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		2,145,458

		TOTAL SHORT TERM INVESTMENTS (Cost $18,519,514)	$	18,519,514

		TOTAL INVESTMENTS (Cost $21,884,947) - 91.1% ^(b)	$	21,712,271
		Other Assets in Excess of Liabilities - 8.9%		2,118,200

		TOTAL NET ASSETS - 100.0%	$	23,830,471

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $16,753,038.

Long Total Return Swap Contracts (Unaudited)

July 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 Meta Platforms Corporation		8.3300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		13,348	$	6,656,315	$	(374,343	)
Total return of common shares of Meta Platforms Corporation		6.0800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		40,736		20,277,600		(1,014,218	)
Total return of common shares of Meta Platforms Corporation		7.8300% representing 1 month SOFR rate + spread		Goldman Sachs		7/8/2025		39,574		18,988,511		(254,980	)

									$	45,922,426	$	(1,643,541	)

Direxion Daily MSFT Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 17.8%
	Publishing Industries - 17.8%
	46,600	Microsoft Corp.	$	19,495,110

		TOTAL COMMON STOCKS (Cost $18,174,508)	$	19,495,110

	SHORT TERM INVESTMENTS - 80.0%
	25,903,790	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	25,903,790
	11,060,858	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		11,060,858
	18,180,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		18,180,000
	32,446,368	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		32,446,368

		TOTAL SHORT TERM INVESTMENTS (Cost $87,591,016)	$	87,591,016

		TOTAL INVESTMENTS (Cost $105,765,524) - 97.8% ^(b)	$	107,086,126
		Other Assets in Excess of Liabilities - 2.2%		2,373,633

		TOTAL NET ASSETS - 100.0%	$	109,459,759

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $79,879,594.

Long Total Return Swap Contracts (Unaudited)

July 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.		8.3300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		108,321	$	42,840,483	$	938,267
Total return of common shares of Microsoft Corp.		8.5800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		124,830		51,647,852		(358,762	)
Total return of common shares of Microsoft Corp.		6.2800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		128,210		55,078,969		(2,417,813	)
Total return of common shares of Microsoft Corp.		6.5800% representing 1 month SOFR rate + spread		Goldman Sachs		1/7/2025		115,339		45,490,000		1,725,998

									$	195,057,304	$	(112,310	)

Direxion Daily NVDA Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 15.1%
	Computer and Electronic Product Manufacturing - 15.1%
	582,335	NVIDIA Corp.	$	68,144,841

		TOTAL COMMON STOCKS (Cost $66,147,599)	$	68,144,841

	SHORT TERM INVESTMENTS - 86.5%
	73,008,910	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	73,008,910
	215,495,680	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		215,495,680
	39,300,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		39,300,000
	63,303,629	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		63,303,629

		TOTAL SHORT TERM INVESTMENTS (Cost $391,108,219)	$	391,108,219

		TOTAL INVESTMENTS (Cost $457,255,818) - 101.6% ^(b)	$	459,253,060
		Liabilities in Excess of Other Assets - (1.6)%		(7,233,896	)

		TOTAL NET ASSETS - 100.0%	$	452,019,164

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $419,081,437.

Long Total Return Swap Contracts (Unaudited)

July 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.		7.8300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		3,640,876	$	453,081,954	$	(29,382,110	)
Total return of common shares of NVIDIA Corp.		8.3300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		1,082,200		94,280,516		29,732,696
Total return of common shares of NVIDIA Corp.		9.0800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		482,625		61,339,131		(5,360,605	)
Total return of common shares of NVIDIA Corp.		6.2800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		1,512,820		177,034,585		(2,082,028	)
Total return of common shares of NVIDIA Corp.		7.3300% representing 1 month SOFR rate + spread		BNP Paribas		6/23/2025		425,000		54,619,422		(5,163,972	)

									$	840,355,608	$	(12,256,019	)

Direxion Daily TSLA Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 10.3%
	Transportation Equipment Manufacturing - 10.3%
	794,952	Tesla, Inc. ^(a)	$	184,484,511

		TOTAL COMMON STOCKS (Cost $152,130,240)	$	184,484,511

	SHORT TERM INVESTMENTS - 83.7%
	314,356,457	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	314,356,457
	565,432,561	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		565,432,561
	163,317,705	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		163,317,705
	453,261,990	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		453,261,990

		TOTAL SHORT TERM INVESTMENTS (Cost $1,496,368,713)	$	1,496,368,713

		TOTAL INVESTMENTS (Cost $1,648,498,953) - 94.0% ^(c)	$	1,680,853,224
		Other Assets in Excess of Liabilities - 6.0%		106,141,470

		TOTAL NET ASSETS - 100.0%	$	1,786,994,694

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $1,545,443,791.

Long Total Return Swap Contracts (Unaudited)

July 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 Tesla, Inc.		7.3300% representing 1 month SOFR rate + spread		BNP Paribas		12/04/2024		1,607,564	$	339,581,499	$	23,125,022
Total return of common shares of Tesla, Inc.		8.8300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		6,394,081		1,493,347,140		(16,439,631	)
Total return of common shares of Tesla, Inc.		8.3300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		1,911,360		499,518,436		(58,426,345	)
Total return of common shares of Tesla, Inc.		9.0800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		2,247,549		425,001,409		89,683,896
Total return of common shares of Tesla, Inc.		7.8300% representing 1 month SOFR rate + spread		Barclays		12/23/2024		2,445,334		498,996,802		56,955,350

									$	3,256,445,286	$	94,898,292

Direxion Daily CSI 300 China A Share Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 41.7%
	992,393	Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF ^(a)	$	23,757,889

		TOTAL INVESTMENT COMPANIES (Cost $25,255,833)	$	23,757,889

	SHORT TERM INVESTMENTS - 56.8%
	Money Market Funds - 56.8%
	13,744,588	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	13,744,588
	1,640,675	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		1,640,675
	16,984,840	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		16,984,840

		TOTAL SHORT TERM INVESTMENTS (Cost $32,370,103)	$	32,370,103

		TOTAL INVESTMENTS (Cost $57,625,936) - 98.5% ^(c)	$	56,127,992
		Other Assets in Excess of Liabilities - 1.5%		876,501

		TOTAL NET ASSETS - 100.0%	$	57,004,493

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $42,383,403.

Long Total Return Swap Contracts (Unaudited)

July 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 Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF		5.3300% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		1,450,000	$	34,490,296	$	(103,129	)
Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF		4.8300% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		1,800,000		41,588,665		326,575
Total return of Deutsche Xtrackers Harvest CSI 300 China A-Shares ETF		4.3300% representing 1 month SOFR rate + spread		Goldman Sachs		7/25/2025		519,930		12,361,804		56,927

									$	88,440,765	$	280,373

Direxion Daily CSI China Internet Index Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 51.9%
	5,507,565	KraneShares CSI China Internet ETF ^(a)	$	145,950,473

		TOTAL INVESTMENT COMPANIES (Cost $151,584,706)	$	145,950,473

	SHORT TERM INVESTMENTS - 47.6%
	Money Market Funds - 47.6%
	85,776,085	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	85,776,085
	16,794,431	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		16,794,431
	31,240,733	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		31,240,733

		TOTAL SHORT TERM INVESTMENTS (Cost $133,811,249)	$	133,811,249

		TOTAL INVESTMENTS (Cost $285,395,955) - 99.5% ^(c)	$	279,761,722
		Other Assets in Excess of Liabilities - 0.5%		1,326,180

		TOTAL NET ASSETS - 100.0%	$	281,087,902

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $223,018,970.

Long Total Return Swap Contracts (Unaudited)

July 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 KraneShares CSI China Internet ETF		5.7200% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		3,949,976	$	103,564,572	$	(1,156,429	)
Total return of KraneShares CSI China Internet ETF		5.9300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		3,366,923		84,965,094		1,954,061
Total return of KraneShares CSI China Internet ETF		6.0300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		3,925,579		100,895,646		741,172
Total return of KraneShares CSI China Internet ETF		6.0700% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		1,467,499		37,646,526		557,608
Total return of KraneShares CSI China Internet ETF		5.9300% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		2,996,710		77,428,377		(555,250	)

									$	404,500,215	$	1,541,162

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 96.8%
	Accommodation - 0.5%
	1,149	Airbnb, Inc. Class A ^(a)	$	160,354
	651	Hilton Worldwide Holdings, Inc.		139,750
	1,835	Host Hotels & Resorts, Inc.		32,131
	950	Las Vegas Sands Corp.		37,687
	624	Marriott International, Inc. Class A		141,835
	653	MGM Resorts International ^(a)		28,059
	245	Wynn Resorts Ltd.		20,291

				560,107

	Administrative and Support Services - 2.6%
	227	Allegion PLC ADR (Ireland)		31,056
	3,761	Amcor PLC ADR (United Kingdom)		39,603
	258	Ameriprise Financial, Inc.		110,958
	1,065	Automatic Data Processing, Inc.		279,690
	88	Booking Holdings, Inc.		326,921
	308	Broadridge Financial Solutions, Inc.		65,912
	183	Corpay, Inc. ^(a)		53,403
	322	Equifax, Inc.		89,957
	99	FactSet Research System, Inc.		40,896
	202	Gartner, Inc. ^(a)		101,240
	762	Iron Mountain, Inc.		78,151
	371	Live Nation Entertainment, Inc. ^(a)		35,687
	691	Match Group, Inc. ^(a)		26,355
	409	Moody’s Corp.		186,700
	731	Rollins, Inc.		35,022
	616	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		96,540
	5,437	Uber Technologies, Inc. ^(a)		350,524
	4,096	Visa, Inc. Class A		1,088,184
	949	Waste Management, Inc.		192,324

				3,229,123

	Air Transportation - 0.1%
	1,708	American Airlines Group, Inc. ^(a)		18,173
	1,679	Delta Air Lines, Inc.		72,231
	1,558	Southwest Airlines Co.		41,972
	856	United Continental Holdings, Inc. ^(a)		38,880

				171,256

	Ambulatory Health Care Services - 0.2%
	135	DaVita, Inc. ^(a)		18,443
	220	Labcorp Holdings, Inc.		47,397
	153	Molina Healthcare, Inc. ^(a)		52,214
	289	Quest Diagnostics, Inc.		41,125
	3,099	Viatris, Inc.		37,374

				196,553

	Amusement, Gambling, and Recreation Industries - 0.4%
	664	Global Payments, Inc.		67,489
	4,744	The Walt Disney Co.		444,465

				511,954

	Apparel Manufacturing - 0.2%
	224	Cintas Corp.		171,123
	67	Deckers Outdoor Corp. ^(a)		61,816
	102	Ralph Lauren Corp.		17,910

				250,849

	Beverage and Tobacco Product Manufacturing - 1.3%
	4,470	Altria Group, Inc.		219,075
	419	Constellation Brands, Inc. Class A		102,722
	2,716	Keurig Dr Pepper, Inc.		93,104
	474	Molson Coors Brewing Co. Class B		25,051
	1,846	Monster Beverage Corp. ^(a)		94,977
	3,578	PepsiCo, Inc.		617,813
	4,045	Philip Morris International, Inc.		465,822

				1,618,564

	Broadcasting and Content Providers - 0.5%
	255	Charter Communications, Inc. ^(a)		96,829
	10,186	Comcast Corp. Class A		420,376
	601	FOX Corp. Class A		22,862
	343	FOX Corp. Class B		12,152
	1,286	Paramount Global Class B		14,686
	5,803	Warner Bros Discovery, Inc. ^(a)		50,196

				617,101

	Building Material and Garden Equipment and Supplies Dealers - 1.1%
	1,489	Lowe’s Companies, Inc.		365,564
	137	Snap-on, Inc.		39,323
	2,580	The Home Depot, Inc.		949,853
	280	Tractor Supply Co.		73,730

				1,428,470

	Chemical Manufacturing - 7.0%
	4,595	AbbVie, Inc.		851,545
	579	Air Products & Chemicals, Inc.		152,769
	306	Albemarle Corp.		28,663
	1,396	Amgen, Inc.		464,128
	379	Biogen, Inc. ^(a)		80,803
	410	Bio-Techne Corp.		33,452
	5,275	Bristol-Myers Squibb Co.		250,879
	470	Catalent, Inc. ^(a)		27,890
	261	Celanese Corp.		36,840
	476	CF Industries Holdings, Inc.		36,362
	636	Church & Dwight Co., Inc.		62,334
	323	Clorox Co.		42,613
	2,136	Colgate-Palmolive Co.		211,870
	1,089	DuPont de Nemours, Inc.		91,149
	306	Eastman Chemical Co.		31,619
	662	Ecolab, Inc.		152,717
	2,077	Eli Lilly & Co.		1,670,469
	325	FMC Corp.		18,967
	3,242	Gilead Sciences, Inc.		246,587
	485	Incyte Corp. ^(a)		31,559
	1,493	IntercontinentalExchange, Inc.		226,279
	665	International Flavors & Fragrances, Inc.		66,154
	4,983	Kenvue, Inc.		92,136
	876	Kimberly-Clark Corp.		118,304
	1,251	Linde PLC ADR (Ireland)		567,329
	669	LyondellBasell Industries N.V. Class A ADR (Netherlands)		66,539
	6,592	Merck & Co., Inc.		745,753
	837	Mosaic Co.		24,917
	14,746	Pfizer, Inc.		450,343
	613	PPG Industries, Inc.		77,839
	6,142	Procter & Gamble Co.		987,388
	276	Regeneron Pharmaceuticals, Inc. ^(a)		297,856
	671	Vertex Pharmaceuticals, Inc. ^(a)		332,628
	1,187	Zoetis, Inc.		213,707

				8,790,387

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


582	Bath & Body Works, Inc.	21,388
298	Lululemon Athletica, Inc. ^(a)	77,081
873	Ross Stores, Inc.	125,040
2,947	TJX Companies, Inc.	333,070

		556,579

Computer and Electronic Product Manufacturing - 24.8%
4,206	Advanced Micro Devices, Inc. ^(a)	607,683
762	Agilent Technologies, Inc.	107,747
15,286	Alphabet, Inc.	2,622,160
12,717	Alphabet, Inc. Class C	2,201,949
602	AMETEK, Inc.	104,435
3,126	Amphenol Corp. Class A	200,877
1,290	Analog Devices, Inc.	298,480
37,511	Apple, Inc.	8,330,443
661	Arista Networks, Inc. ^(a)	229,070
53	Bio-Rad Laboratories, Inc. ^(a)	17,933
11,330	Broadcom, Inc.	1,820,504
10,538	Cisco Systems, Inc.	510,566
1,715	Danaher Corp.	475,192
354	Enphase Energy, Inc. ^(a)	40,749
278	First Solar, Inc. ^(a)	60,045
1,650	Fortinet, Inc. ^(a)	95,766
916	Fortive Corp.	65,815
1,104	GE HealthCare Technologies, Inc.	93,432
607	Hologic, Inc. ^(a)	49,537
2,246	HP, Inc.	81,058
11,078	Intel Corp.	340,538
2,390	International Business Machines Corp.	459,215
314	Jabil Circuit, Inc.	35,378
455	Keysight Technologies, Inc. ^(a)	63,504
494	L3Harris Technologies, Inc.	112,084
1,406	Microchip Technology, Inc.	124,825
2,882	Micron Technology, Inc.	316,501
126	Monolithic Power Systems, Inc.	108,749
434	Motorola Solutions, Inc.	173,131
537	NetApp, Inc.	68,188
362	Northrop Grumman Corp.	175,324
64,014	NVIDIA Corp.	7,490,918
666	NXP Semiconductors NV ADR (Netherlands)	175,265
1,119	ON Semiconductor Corp. ^(a)	87,562
1,052	Otis Worldwide Corp.	99,414
841	Palto Alto Networks, Inc. ^(a)	273,098
321	PerkinElmer, Inc.	40,321
252	Qorvo, Inc. ^(a)	30,190
2,910	Qualcomm, Inc.	526,564
278	Roper Technologies, Inc.	151,440
3,460	RTX Corp.	406,515
509	Seagate Technology Holdings PLC ADR (Ireland)	52,005
417	Skyworks Solutions, Inc.	47,380
131	Super Micro Computer, Inc. ^(a)	91,916
123	Teledyne Technologies, Inc. ^(a)	51,889
407	Teradyne, Inc.	53,382
2,369	Texas Instruments, Inc.	482,826
993	Thermo Fisher Scientific, Inc.	609,047
635	Trimble, Inc. ^(a)	34,633
571	Veralto Corp.	60,846
154	Waters Corp. ^(a)	51,787
850	Western Digital Corp. ^(a)	56,992
134	Zebra Technologies Corp. Class A ^(a)	47,059

		30,911,927

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.2%
1,523	Fiserv, Inc. ^(a)	249,117

Construction of Buildings - 0.3%
771	D.R. Horton, Inc.	138,726
637	Lennar Corp. Class A	112,704
8	NVR, Inc. ^(a)	68,860
547	PulteGroup, Inc.	72,204

		392,494

Couriers and Messengers - 0.3%
589	FedEx Corp.	178,025
1,898	United Parcel Service, Inc. Class B	247,443

		425,468

Credit Intermediation and Related Activities - 4.9%
1,479	American Express Co.	374,246
17,706	Bank of America Corp.	713,729
1,947	Bank of New York Mellon Corp.	126,691
994	Capital One Financial Corp.	150,492
4,964	Citigroup, Inc.	322,064
1,184	Citizens Financial Group, Inc.	50,521
652	Discover Financial Services	93,882
1,447	Fidelity National Information Services, Inc.	111,173
1,780	Fifth Third Bancorp	75,365
3,771	Huntington Bancshares, Inc.	56,376
7,473	JPMorgan Chase & Co.	1,590,254
2,454	KeyCorp	39,583
434	M&T Bank Corp.	74,722
2,137	MasterCard, Inc. Class A	990,948
532	Northern Trust Corp.	47,162
1,035	PNC Financial Services Group, Inc.	187,439
2,383	Regions Financial Corp.	53,308
784	State Street Corp.	66,616
1,045	Synchrony Financial	53,076
3,482	Truist Financial Corp.	155,611
4,061	U.S. Bancorp	182,258
9,072	Wells Fargo & Co.	538,332

		6,053,848

Electrical Equipment, Appliance, and Component Manufacturing - 0.4%
314	A.O. Smith Corp.	26,703
185	Axon Enterprise, Inc. ^(a)	55,502
1,489	Emerson Electric Co.	174,377
158	Generac Holdings, Inc. ^(a)	24,597
296	Rockwell Automation, Inc.	82,480
796	TE Connectivity Ltd. ADR (Switzerland)	122,847

		486,506

Fabricated Metal Product Manufacturing - 0.2%
808	Ball Corp.	51,575
624	Nucor Corp.	101,674
432	Pentair PLC ADR (Ireland)	37,960
400	Stanley Black & Decker, Inc.	42,248

		233,457

Food and Beverage Retailers - 0.1%
1,742	Kroger Co.	94,939

Food Manufacturing - 1.2%
1,287	Archer-Daniels-Midland Co.	79,807
512	Campbell Soup Co.	23,992
10,090	Coca-Cola Co.	673,407
1,469	General Mills, Inc.	98,629
755	Hormel Foods Corp.	24,243


685	Kellanova	39,833
376	Lamb Weston Holdings, Inc.	22,567
655	McCormick & Co, Inc.	50,442
3,491	Mondelez International, Inc.	238,610
384	The Hershey Co.	75,832
276	The J.M. Smucker Co.	32,554
2,054	The Kraft Heinz Co.	72,321
744	Tyson Foods, Inc. Class A	45,310

		1,477,547

Food Services and Drinking Places - 0.9%
3,550	Chipotle Mexican Grill, Inc. ^(a)	192,836
310	Darden Restaurants, Inc.	45,350
1,875	McDonald’s Corp.	497,625
2,948	Starbucks Corp.	229,797
733	Yum! Brands, Inc.	97,364

		1,062,972

Funds, Trusts, and Other Financial Vehicles - 0.1%
400	Garmin Ltd. ADR (Switzerland)	68,500
581	T. Rowe Price Group, Inc.	66,356

		134,856

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0%⁽^†⁾
501	Best Buy Co., Inc.	43,347

Gasoline Stations and Fuel Dealers - 0.6%
4,460	Chevron Corp.	715,696

General Merchandise Retailers - 5.3%
23,831	Amazon.com, Inc. ^(a)	4,455,920
1,154	Costco Wholesale Corp.	948,588
571	Dollar General Corp.	68,743
539	Dollar Tree, Inc. ^(a)	56,239
1,317	eBay, Inc.	73,238
305	Etsy, Inc. ^(a)	19,868
1,204	Target Corp.	181,094
11,117	Walmart, Inc.	763,071

		6,566,761

Health and Personal Care Retailers - 0.2%
3,267	CVS Health Corp.	197,098
124	Ulta Beauty, Inc. ^(a)	45,246
1,864	Walgreens Boots Alliance, Inc.	22,126

		264,470

Hospitals - 0.2%
504	HCA Healthcare, Inc.	182,977
155	Universal Health Services, Inc. Class B	33,133

		216,110

Insurance Carriers and Related Activities - 5.3%
1,346	Aflac, Inc.	128,382
687	Allstate Corp.	117,559
1,727	American International Group, Inc.	136,830
973	Arch Capital Group Ltd. ADR ^(a)	93,194
568	Arthur J. Gallagher & Co.	161,022
135	Assurant, Inc.	23,608
4,711	Berkshire Hathaway, Inc. Class B ^(a)	2,065,774
616	Brown & Brown, Inc.	61,249
1,389	Centene Corp. ^(a)	106,842
1,057	Chubb Limited ADR (Switzerland)	291,373
739	Cigna Corp.	257,667
408	Cincinnati Financial Corp.	53,293
605	Elevance Health, Inc.	321,878
113	Everest Re Group Ltd. ADR	44,394
219	Globe Life, Inc.	20,310
770	Hartford Financial Services Group, Inc.	85,408
313	Humana, Inc.	113,184
473	Loews Corp.	37,816
1,282	Marsh & McLennan Companies, Inc.	285,335
1,555	MetLife, Inc.	119,502
561	Principal Financial Group, Inc.	45,727
1,524	Progressive Corp.	326,319
935	Prudential Financial, Inc.	117,174
596	Travelers Companies, Inc.	128,998
2,395	UnitedHealth Group, Inc.	1,379,903
788	W.R. Berkley Corp.	43,442
267	Willis Towers Watson PLC ADR (Ireland)	75,369

		6,641,552

Leather and Allied Product Manufacturing - 0.2%
3,153	NIKE, Inc. Class B	236,033
598	Tapestry, Inc.	23,974

		260,007

Machinery Manufacturing - 2.4%
2,162	Applied Materials, Inc.	458,776
2,598	Baker Hughes Co.	100,595
2,180	Carrier Global Corp.	148,480
1,272	Caterpillar, Inc.	440,366
356	Cummins, Inc.	103,881
673	Deere & Co.	250,342
2,848	General Electric Co.	484,730
196	IDEX Corp.	40,862
1,050	Ingersoll Rand, Inc.	105,420
340	Lam Research Corp.	313,222
55	Mettler-Toledo International, Inc. ^(a)	83,657
141	Nordson Corp.	35,296
335	Parker Hannifin Corp.	187,989
589	Trane Technologies PLC ADR (Ireland)	196,891
631	Xylem, Inc.	84,238

		3,034,745

Management of Companies and Enterprises - 0.6%
4,527	Abbott Laboratories	479,590
566	Aon PLC ADR (United Kingdom)	185,936
369	Bunge Global SA ADR (Switzerland)	38,830
1,116	Norwegian Cruise Line Holdings Ltd. ^(a)	20,568
1,352	Smurfit WestRock PLC ADR (Ireland) ^(a)	60,624

		785,548

Merchant Wholesalers, Durable Goods - 0.8%
318	Builders FirstSource, Inc. ^(a)	53,224
2,277	Copart, Inc. ^(a)	119,155
1,490	Fastenal Co.	105,417
362	Genuine Parts Co.	53,254
333	Henry Schein, Inc. ^(a)	23,956
140	Hubbell, Inc.	55,391
103	Huntington Ingalls Industries, Inc.	28,838
1,753	Johnson Controls International PLC ADR (Ireland)	125,410
350	KLA-Tencor Corp.	288,074
695	LKQ Corp.	28,843
138	Mohawk Industries, Inc. ^(a)	22,228
100	Pool Corp.	37,404
114	W.W. Grainger, Inc.	111,356

		1,052,550

Merchant Wholesalers, Nondurable Goods - 0.8%
466	Brown Forman Corp. Class B	21,045
634	Cardinal Health, Inc.	63,926


431	Cencora, Inc.	102,526
1,245	ConAgra Brands, Inc.	37,748
90	Domino’s Pizza, Inc.	38,583
706	Illinois Tool Works, Inc.	174,580
339	McKesson Corp.	209,170
1,296	Sysco Corp.	99,338
607	The Sherwin Williams Co.	212,936

		959,852

Mining (except Oil and Gas) - 0.4%
3,738	Freeport-McMoRan Copper & Gold, Inc.	169,743
160	Martin Marietta Materials, Inc.	94,936
3,001	Newmont Corp.	147,259
344	Vulcan Materials Co.	94,431

		506,369

Miscellaneous Manufacturing - 2.7%
1,440	3M Co.	183,672
183	Align Technology, Inc. ^(a)	42,434
1,326	Baxter International, Inc.	47,497
752	Becton, Dickinson & Co.	181,277
3,826	Boston Scientific Corp. ^(a)	282,665
1,035	DexCom, Inc. ^(a)	70,194
358	Dover Corp.	65,965
1,569	Edwards Lifesciences Corp. ^(a)	98,925
606	Estee Lauder Companies, Inc. Class A	60,364
341	Hasbro, Inc.	21,981
183	Insulet Corp. ^(a)	35,566
923	Intuitive Surgical, Inc. ^(a)	410,375
6,263	Johnson & Johnson	988,615
3,456	Medtronic PLC ADR (Ireland)	277,586
382	ResMed, Inc.	81,462
360	Solventum Corp. ^(a)	21,197
257	Steris PLC ADR (Ireland)	61,361
882	Stryker Corp.	288,811
122	Teleflex, Inc.	26,952
496	Textron, Inc.	46,078
517	The Cooper Companys, Inc. ^(a)	48,252
535	Zimmer Biomet Holdings, Inc.	59,572

		3,400,801

Motion Picture and Sound Recording Industries - 0.6%
1,121	Netflix, Inc. ^(a)	704,380

Motor Vehicle and Parts Dealers - 0.3%
45	AutoZone, Inc. ^(a)	141,016
410	CarMax, Inc. ^(a)	34,620
153	O’Reilly Automotive, Inc. ^(a)	172,330

		347,966

National Security and International Affairs - 0.0%⁽^†⁾
352	Leidos Holdings, Inc.	50,829

Nonmetallic Mineral Product Manufacturing - 0.1%
2,006	Corning, Inc.	80,260

Oil and Gas Extraction - 1.7%
937	APA Corp.	29,225
1,937	Coterra Energy, Inc.	49,975
1,645	Devon Energy Corp.	77,364
464	Diamondback Energy, Inc.	93,872
2,181	Dominion Energy, Inc.	116,596
1,495	EOG Resources, Inc.	189,566
1,544	EQT Corp.	53,284
11,674	Exxon Mobil Corp.	1,384,420
1,468	Marathon Oil Corp.	41,177
1,731	Occidental Petroleum Corp.	105,279

		2,140,758

Paper Manufacturing - 0.0%⁽^†⁾
232	Packaging Corp of America	46,370

Performing Arts, Spectator Sports, and Related Industries - 0.1%
563	Caesars Entertainment, Inc. ^(a)	22,492
633	Electronic Arts, Inc.	95,545

		118,037

Petroleum and Coal Products Manufacturing - 0.6%
3,044	ConocoPhillips	338,493
916	Marathon Petroleum Corp.	162,150
1,103	Phillips 66	160,464
851	Valero Energy Corp.	137,624

		798,731

Pipeline Transportation - 0.2%
577	Targa Resources Corp.	78,056
3,172	Williams Companies, Inc.	136,206

		214,262

Plastics and Rubber Products Manufacturing - 0.1%
209	Avery Dennison Corp.	45,318
190	West Pharmaceutical Services, Inc.	58,172

		103,490

Primary Metal Manufacturing - 0.1%
1,009	Howmet Aerospace, Inc.	96,561
384	Steel Dynamics, Inc.	51,157

		147,718

Professional, Scientific, and Technical Services - 4.8%
1,636	Accenture PLC Class A ADR (Ireland)	540,894
349	CDW Corp.	76,120
134	Charles River Laboratories International, Inc. ^(a)	32,709
1,293	Cognizant Technology Solutions Corp. Class A	97,854
1,041	Eaton Corporation PLC ADR (Ireland)	317,286
151	EPAM Systems, Inc. ^(a)	32,485
551	Extra Space Storage, Inc.	87,951
153	F5 Networks, Inc. ^(a)	31,157
366	GoDaddy, Inc. ^(a)	53,235
215	IDEXX Laboratories, Inc. ^(a)	102,366
904	International Paper Co.	42,018
982	Interpublic Group of Companies, Inc.	31,591
474	IQVIA Holdings, Inc. ^(a)	116,713
190	Jack Henry & Associates, Inc.	32,581
326	Jacobs Solutions, Inc.	47,710
845	Juniper Networks, Inc.	31,848
5,703	Meta Platforms, Inc.	2,707,956
868	Moderna, Inc. ^(a)	103,483
510	Omnicom Group, Inc.	50,000
4,148	Oracle Corp.	578,439
834	Paychex, Inc.	106,769
125	Paycom Software, Inc.	20,849
311	PTC, Inc. ^(a)	55,311
533	ServiceNow, Inc. ^(a)	434,070
413	Take-Two Interactive Software, Inc. ^(a)	62,169
225	VeriSign, Inc. ^(a)	42,077
372	Verisk Analytics, Inc. Class A	97,371

		5,933,012

Publishing Industries - 8.8%
1,166	Adobe, Inc. ^(a)	643,224
396	Akamai Technologies, Inc. ^(a)	38,919
227	Ansys, Inc. ^(a)	71,194


556	Autodesk, Inc. ^(a)	137,621
708	Cadence Design Systems, Inc. ^(a)	189,503
600	CrowdStrike Holdings, Inc. ^(a)	139,176
411	Dayforce, Inc. ^(a)	24,364
65	Fair Isaac Corp. ^(a)	104,000
3,383	Hewlett Packard Enterprise Co.	67,356
729	Intuit, Inc.	471,918
19,341	Microsoft Corp.	8,091,307
987	News Corp. Class A	27,221
297	News Corp. Class B	8,462
1,434	NortonLifeLock, Inc.	37,270
2,527	Salesforce, Inc.	653,988
397	Synopsys, Inc. ^(a)	221,653
110	Tyler Technologies, Inc. ^(a)	62,492

		10,989,668

Rail Transportation - 0.5%
5,088	CSX Corp.	178,589
1,588	Union Pacific Corp.	391,807

		570,396

Real Estate - 1.8%
410	Alexandria Real Estate Equities, Inc.	48,089
1,215	American Tower Corp.	267,786
370	AvalonBay Communities, Inc.	75,820
376	BXP, Inc.	26,813
277	Camden Property Trust	30,678
785	CBRE Group, Inc. Class A ^(a)	88,477
1,131	Crown Castle, Inc.	124,500
844	Digital Realty Trust, Inc.	126,170
897	Equity Residential	62,458
167	Essex Property Trust, Inc.	46,486
194	Federal Realty Investment Trust	21,660
1,832	Healthpeak Properties, Inc.	39,974
1,498	Invitation Homes, Inc.	52,834
1,736	Kimco Realty Corp.	37,723
304	Mid-America Apartment Communities, Inc.	42,490
2,410	Prologis, Inc.	303,781
412	Public Storage	121,919
2,266	Realty Income Corp.	130,136
428	Regency Centers Corp.	28,822
849	Simon Property Group, Inc.	130,271
788	UDR, Inc.	31,575
1,053	Ventas, Inc.	57,325
2,714	VICI Properties, Inc.	84,840
1,556	Welltower, Inc.	173,105
1,897	Weyerhaeuser Co.	60,249

		2,213,981

Rental and Leasing Services - 0.1%
173	United Rentals, Inc.	130,978

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.3%
363	BlackRock, Inc.	318,170
274	Cboe Global Markets, Inc.	50,282
3,885	Charles Schwab Corp.	253,263
937	CME Group, Inc.	181,506
1,830	Dow, Inc.	99,680
781	Franklin Resources, Inc.	17,862
839	Goldman Sachs Group, Inc.	427,076
1,170	Invesco Ltd. ADR ^(a)	20,194
1,732	KKR & Co., Inc.	213,815
99	MarketAxess Holdings, Inc.	22,129
3,257	Morgan Stanley	336,155
206	MSCI, Inc. Class A	111,397
1,075	NASDAQ OMX Group, Inc.	72,756
485	Raymond James Financial, Inc.	56,260
833	S&P Global, Inc.	403,780
1,859	The Blackstone Group, Inc.	264,257

		2,848,582

Specialty Trade Contractors - 0.1%
381	Quanta Services, Inc.	101,110

Support Activities for Agriculture and Forestry - 0.1%
1,814	Corteva, Inc.	101,765

Support Activities for Mining - 0.3%
2,303	Halliburton Co.	79,868
719	Hess Corp.	110,309
3,720	Schlumberger Ltd. ADR (Curaco) ^(a)	179,639

		369,816

Support Activities for Transportation - 0.2%
305	C.H. Robinson Worldwide, Inc.	27,160
330	Expedia, Inc. ^(a)	42,131
367	Expeditors International of Washington, Inc.	45,809
212	J.B. Hunt Transport Services, Inc.	36,708
588	Norfolk Southern Corp.	146,741

		298,549

Telecommunications - 1.2%
18,660	AT&T, Inc.	359,205
247	Equinix, Inc.	195,189
2,722	PayPal Holdings, Inc. ^(a)	179,053
279	SBA Communications Corp.	61,252
1,342	T-Mobile US, Inc.	244,620
10,954	Verizon Communications, Inc.	443,856

		1,483,175

Transportation Equipment Manufacturing - 2.8%
708	Aptiv PLC ADR (United Kingdom) ^(a)	49,128
1,502	Boeing Co. ^(a)	286,281
593	BorgWarner, Inc.	20,939
10,205	Ford Motor Co.	110,418
592	General Dynamics Corp.	176,836
2,969	General Motors Co.	131,586
1,695	Honeywell International, Inc.	347,051
555	Lockheed Martin Corp.	300,766
1,364	Paccar, Inc.	134,572
7,220	Tesla, Inc. ^(a)	1,675,546
145	TransDigm Group, Inc.	187,662
459	Wabtec Corp.	73,968

		3,494,753

Truck Transportation - 0.1%
464	Old Dominion Freight Line, Inc.	97,524

Utilities - 2.5%
1,850	AES Corp.	32,912
667	Alliant Energy Corp.	37,125
693	Ameren Corp.	54,934
1,372	American Electric Power Co., Inc.	134,621
507	American Water Works Co., Inc.	72,177
393	Atmos Energy Corp.	50,257
1,665	CenterPoint Energy, Inc.	46,204
777	CMS Energy Corp.	50,350
899	Consolidated Edison, Inc.	87,670
820	Constellation Energy Corp.	155,636
538	DTE Energy Co.	64,845


2,008	Duke Energy Corp.		219,414
1,001	Edison International		80,090
555	Entergy Corp.		64,363
598	Evergy, Inc.		34,684
916	Eversource Energy		59,458
2,603	Exelon Corp.		96,832
1,348	FirstEnergy Corp.		56,495
714	GE Vernova, Inc. ^(a)		127,263
5,025	Kinder Morgan, Inc.		106,178
5,347	NextEra Energy, Inc.		408,457
1,167	NiSource, Inc.		36,469
543	NRG Energy, Inc.		40,817
1,519	ONEOK, Inc.		126,578
5,561	PG&E Corp.		101,488
295	Pinnacle West Capital Corp.		25,249
1,920	PPL Corp.		57,062
1,297	Public Service Enterprise Group, Inc.		103,462
1,647	Sempra Energy		131,859
2,845	Southern Co.		237,614
850	Vistra Corp.		67,337
822	WEC Energy Group, Inc.		70,741
1,446	Xcel Energy, Inc.		84,273

			3,122,914

Waste Management and Remediation Services - 0.1%
533	Republic Services, Inc.		103,573

Water Transportation - 0.0%⁽^†⁾
2,628	Carnival Corp. ADR (Panama) ^(a)		43,783

Web Search Portals, Libraries, Archives, and Other Information Services - 0.1%
1,063	CoStar Group, Inc. ^(a)		82,935

Wood Product Manufacturing - 0.0%^(†)
573	Masco Corp.		44,608

	TOTAL COMMON STOCKS (Cost $105,831,185)	$	120,685,805

SHORT TERM INVESTMENTS - 1.7%
Money Market Funds - 1.7%
2,071,797	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	2,071,797
73,391	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		73,391
53	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		53

	TOTAL SHORT TERM INVESTMENTS (Cost $2,145,241)	$	2,145,241

	TOTAL INVESTMENTS (Cost $107,976,426) - 98.5% ^(c)	$	122,831,046
	Other Assets in Excess of Liabilities - 1.5%		1,868,764

	TOTAL NET ASSETS - 100.0%	$	124,699,810

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 July 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 $120,826,675.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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		5.9300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		10,000	$	45,493,400	$	8,412,189
Total return of S&P 500^® Index		5.8400% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		9,472		44,585,556		6,478,215
Total return of S&P 500^® Index		6.0200% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		3,836		18,914,652		1,884,895

									$	108,993,608	$	16,775,299

Direxion Daily MSCI Brazil Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 47.5%
	1,801,089	iShares MSCI Brazil ETF ^(a)	$	50,016,242

		TOTAL INVESTMENT COMPANIES (Cost $53,414,142)	$	50,016,242

	SHORT TERM INVESTMENTS - 67.9%
	Money Market Funds - 67.9%
	30,105,823	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	30,105,823
	290,287	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		290,287
	41,119,565	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		41,119,565

		TOTAL SHORT TERM INVESTMENTS (Cost $71,515,675)	$	71,515,675

		TOTAL INVESTMENTS (Cost $124,929,817) - 115.4% ^(c)	$	121,531,917
		Liabilities in Excess of Other Assets - (15.4)%		(16,213,314	)

		TOTAL NET ASSETS - 100.0%	$	105,318,603

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $93,614,892.

Long Total Return Swap Contracts (Unaudited)

July 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 Brazil ETF		5.9200% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		75,323	$	2,138,848	$	(55,577	)
Total return of iShares MSCI Brazil ETF		5.6300% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		4,954,893		155,248,308		(14,682,558	)
Total return of iShares MSCI Brazil ETF		5.6300% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		727,370		21,990,030		(1,565,644	)
Total return of iShares MSCI Brazil ETF		6.0800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		26,399		835,452		(108,468	)

									$	180,212,638	$	(16,412,247	)

Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 51.9%
	24,585	iShares MSCI Emerging Markets ex China ETF ^(a)	$	1,480,509

		TOTAL INVESTMENT COMPANIES (Cost $1,361,247)	$	1,480,509

	SHORT TERM INVESTMENTS - 51.0%
	Money Market Funds - 51.0%
	611,309	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	611,309
	842,588	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		842,588

		TOTAL SHORT TERM INVESTMENTS (Cost $1,453,897)	$	1,453,897

		TOTAL INVESTMENTS (Cost $2,815,144) - 102.9% ^(c)	$	2,934,406
		Liabilities in Excess of Other Assets - (2.9)%		(81,986	)

		TOTAL NET ASSETS - 100.0%	$	2,852,420

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,323,097.

Long Total Return Swap Contracts (Unaudited)

July 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 ex China ETF

5.9300% representing 1 month
SOFR rate + spread

Goldman Sachs

12/10/2024

70,149

4,287,259

(77,672

)

Direxion Daily MSCI India Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 50.5%
	974,058	iShares MSCI India ETF ^(a)	$	55,930,410

		TOTAL INVESTMENT COMPANIES (Cost $49,855,050)	$	55,930,410

	SHORT TERM INVESTMENTS - 47.9%
	Money Market Funds - 47.9%
	31,133,052	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	31,133,052
	9,388,584	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		9,388,584
	12,523,082	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		12,523,082

		TOTAL SHORT TERM INVESTMENTS (Cost $53,044,718)	$	53,044,718

		TOTAL INVESTMENTS (Cost $102,899,768) - 98.4% ^(c)	$	108,975,128
		Other Assets in Excess of Liabilities - 1.6%		1,741,686

		TOTAL NET ASSETS - 100.0%	$	110,716,814

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $82,857,056.

Long Total Return Swap Contracts (Unaudited)

July 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		6.0300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/13/2024		245,420	$	13,333,724	$	654,949
Total return of iShares MSCI India ETF		6.1200% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		916,852		45,031,468		6,084,112
Total return of iShares MSCI India ETF		6.0800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		891,583		43,702,912		6,017,288
Total return of iShares MSCI India ETF		6.2300% representing 1 month SOFR rate + spread		Barclays		12/23/2024		828,480		39,357,235		6,721,755

									$	141,425,339	$	19,478,104

Direxion Daily AI and Big Data Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 84.9%
	Administrative and Support Services - 0.2%
	45	CorVel Corp. ^(a)	$	13,806

	Computer and Electronic Product Manufacturing - 39.8%
	1,670	Advanced Micro Devices, Inc. ^(a)		241,281
	2,450	Alphabet, Inc.		420,273
	108	Ambarella, Inc. ADR ^(a)		5,685
	1,938	Apple, Inc.		430,391
	791	Arista Networks, Inc. ^(a)		274,121
	1,706	Broadcom, Inc. ^(a)		274,120
	7,723	Intel Corp.		237,405
	1,420	International Business Machines Corp.		272,839
	364	Lattice Semiconductor Corp. ^(a)		19,292
	1,420	Microchip Technology, Inc.		126,068
	3,760	NVIDIA Corp.		439,995

				2,741,470

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.2%
	430	ExlService Holdings, Inc. ^(a)		15,162

	General Merchandise Retailers - 6.4%
	2,361	Amazon.com, Inc. ^(a)		441,460

	Professional, Scientific, and Technical Services - 22.6%
	817	Accenture PLC Class A ADR (Ireland)		270,116
	960	Meta Platforms, Inc.		455,837
	1,911	Oracle Corp. ^(a)		266,489
	154	Pagaya Technologies Ltd. ADR (Israel) ^(a)		2,292
	5,637	Palantir Technologies, Inc. ^(a)		151,579
	362	ServiceNow, Inc. ^(a)		294,809
	886	Snowflake, Inc. ^(a)		115,517

				1,556,639

	Publishing Industries - 15.7%
	150	Altair Engineering, Inc. ^(a)		13,254
	321	C3.ai, Inc. ^(a)		8,587
	66	Fair Isaac Corp. ^(a)		105,600
	1,000	Microsoft Corp.		418,350
	1,060	Salesforce, Inc.		274,328
	784	SoundHound AI, Inc. ^(a)		3,990
	405	Synopsys, Inc. ^(a)		226,120
	1,297	UiPath, Inc. ^(a)		15,784
	502	Zeta Global Holdings Corp. ^(a)		10,753

				1,076,766

		TOTAL COMMON STOCKS (Cost $5,628,120)	$	5,845,303

	SHORT TERM INVESTMENTS - 9.7%
	Money Market Funds - 9.7%
	346,327	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	346,327
	320,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		320,000

		TOTAL SHORT TERM INVESTMENTS (Cost $666,327)	$	666,327

		TOTAL INVESTMENTS (Cost $6,294,447) - 94.6% ^(c)	$	6,511,630
		Other Assets in Excess of Liabilities - 5.4%		369,224

		TOTAL NET ASSETS - 100.0%	$	6,880,854

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $320,000.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Solactive US AI & Big Data Index		6.3300% representing 1 month SOFR rate + spread		Barclays		12/23/2024		681	$	2,431,746	$	(44,921	)
Total return of Solactive US AI & Big Data Index		6.0300% representing 1 month SOFR rate + spread		Goldman Sachs		6/17/2025		1,571		5,239,852		221,684

									$	7,671,598	$	176,763

Direxion Daily AI and Big Data Bear 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares		Fair Value
SHORT TERM INVESTMENTS - 105.0%
Money Market Funds - 105.0%
1,371,926	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	1,371,926
966,273	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		966,273

	TOTAL SHORT TERM INVESTMENTS (Cost $2,338,199) ^(b)	$	2,338,199

	TOTAL INVESTMENTS (Cost $2,338,199) - 105.0%	$	2,338,199
	Liabilities in Excess of Other Assets - (5.0)%		(111,997	)

	TOTAL NET ASSETS - 100.0%	$	2,226,202

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $966,273.

Short Total Return Swap Contracts (Unaudited)

July 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

5.7800% representing 1 month SOFR rate + spread

Total return of Solactive
US AI & Big Data Index

Goldman Sachs

6/17/2025

1,266

4,323,076

(92,891

)

Direxion Daily Cloud Computing Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 80.8%
	Administrative and Support Services - 1.0%
	373	Alarm.com, Inc. ^(a)	$	26,316
	508	nCino, Inc. ^(a)		16,642

				42,958

	Computer and Electronic Product Manufacturing - 0.1%
	278	Radware Ltd. ADR (Israel) ^(a)		6,300

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.1%
	566	Five9, Inc. ^(a)		25,215
	631	RingCentral, Inc. ^(a)		22,117

				47,332

	Credit Intermediation and Related Activities - 0.1%
	1,248	Blend Labs, Inc. ^(a)		3,457

	Heavy and Civil Engineering Construction - 0.5%
	397	BlackLine, Inc. ^(a)		18,865

	Professional, Scientific, and Technical Services - 37.1%
	943	Atlassian Corp. ^(a)		166,505
	409	DigitalOcean Holdings, Inc. ^(a)		13,550
	1,355	Freshworks, Inc. ^(a)		16,937
	1,918	Nutanix, Inc. ^(a)		96,878
	1,444	Oracle Corp.		201,366
	396	Paycom Software, Inc.		66,049
	346	Paylocity Holding Corp. ^(a)		51,924
	334	PROS Holdings, Inc. ^(a)		8,049
	955	SAP SE ADR (Germany)		202,078
	240	ServiceNow, Inc. ^(a)		195,454
	1,176	Snowflake, Inc. ^(a)		153,327
	1,135	Vimeo, Inc. ^(a)		4,563
	675	Workday, Inc. ^(a)		153,306
	1,834	Zoom Video Communications, Inc. ^(a)		110,774
	699	Zscaler, Inc. ^(a)		125,366

				1,566,126

	Publishing Industries - 40.7%
	828	ACI Worldwide, Inc. ^(a)		35,794
	365	Adobe, Inc. ^(a)		201,352
	1,172	Akamai Technologies, Inc. ^(a)		115,184
	154	AppFolio, Inc. ^(a)		34,108
	700	Autodesk, Inc. ^(a)		173,264
	791	Bill.com Holdings, Inc. ^(a)		39,518
	337	Blackbaud, Inc. ^(a)		26,751
	1,091	Box, Inc. ^(a)		30,679
	826	C3.ai, Inc. ^(a)		22,096
	763	Clearwater Analytics Holdings, Inc. ^(a)		14,917
	567	CrowdStrike Holdings, Inc. ^(a)		131,521
	1,592	DocuSign, Inc. ^(a)		88,324
	1,992	Dropbox, Inc. Class A ^(a)		47,649
	366	Enfusion, Inc. ^(a)		3,470
	1,007	Informatica, Inc. ^(a)		24,108
	117	MicroStrategy, Inc. Class A ^(a)(b)		188,889
	545	Paycor HCM, Inc. ^(a)		6,763
	284	Qualys, Inc. ^(a)		42,356
	605	Salesforce, Inc.		156,574
	170	Semrush Holdings, Inc. ^(a)		2,506
	287	SPS Commerce, Inc. ^(a)		61,826
	1,357	Twilio, Inc. ^(a)		80,239
	805	Veeva Systems, Inc. ^(a)		154,504
	381	Workiva, Inc. ^(a)		28,106
	1,047	Zuora, Inc. ^(a)		9,496

				1,719,994

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.2%
	768	AvePoint, Inc. ^(a)		8,371

		TOTAL COMMON STOCKS (Cost $4,198,736)	$	3,413,403

	SHORT TERM INVESTMENTS - 22.0%
	Money Market Funds - 22.0%
	681,247	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	681,247
	246,991	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		246,991

		TOTAL SHORT TERM INVESTMENTS (Cost $928,238)	$	928,238

		TOTAL INVESTMENTS (Cost $5,126,974) - 102.8% ^(e)	$	4,341,641
		Liabilities in Excess of Other Assets - (2.8)%		(119,518	)

		TOTAL NET ASSETS - 100.0%	$	4,222,123

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $2,884,660.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 USA Cloud Computing Index		5.6300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		2,150	$	1,994,349	$	(57,405	)
Total return of Indxx USA Cloud Computing Index		5.4800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		3,244		3,037,983		(58,271	)

									$	5,032,332	$	(115,676	)

Direxion Daily Concentrated Qs Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 42.0%
	Computer and Electronic Product Manufacturing - 17.3%
	5,336	Alphabet, Inc. Class A	$	915,337
	4,487	Apple, Inc.		996,473
	7,193	NVIDIA Corp.		841,725

				2,753,535

	General Merchandise Retailers - 5.9%
	5,055	Amazon.com, Inc. ^(a)		945,184

	Professional, Scientific, and Technical Services - 5.6%
	1,875	Meta Platforms, Inc. Class A		890,306

	Publishing Industries - 5.6%
	2,109	Microsoft Corp.		882,300

	Transportation Equipment Manufacturing - 7.6%
	5,181	Tesla, Inc. ^(a)		1,202,355

		TOTAL COMMON STOCKS (Cost $6,130,237)	$	6,673,680

	SHORT TERM INVESTMENTS - 57.7%
	Money Market Funds - 57.7%
	4,620,033	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	4,620,033
	2,314,159	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		2,314,159
	2,250,450	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		2,250,450

		TOTAL SHORT TERM INVESTMENTS (Cost $9,184,642)	$	9,184,642

		TOTAL INVESTMENTS (Cost $15,314,879) - 99.7% ^(c)	$	15,858,322
		Other Assets in Excess of Liabilities - 0.3%		51,252

		TOTAL NET ASSETS - 100.0%	$	15,909,574

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $11,238,289.

Long Total Return Swap Contracts (Unaudited)

July 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 Indxx Front of the Q Index		6.0300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		2,594	$	15,631,603	$	472,617
Total return of Indxx Front of the Q Index		6.3300% representing 1 month SOFR rate + spread		Barclays		12/23/2024		1,436		9,209,391		(296,855	)

									$	24,840,994	$	175,762

Direxion Daily Crypto Industry Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 78.7%
	Administrative and Support Services - 12.0%
	6,192	Bitfarms Ltd. ADR (Canada) ^(a)	$	16,037
	168	Moneylion, Inc. ^(a)		11,578
	5,903	NU Holdings Ltd. ADR ^(a)		71,603
	944	Paysafe Ltd. ADR (United Kingdom) ^(a)		19,815
	477	Visa, Inc. Class A		126,725

				245,758

	Amusement, Gambling, and Recreation Industries - 3.7%
	2,035	DraftKings, Inc. ^(a)		75,193

	Computer and Electronic Product Manufacturing - 12.1%
	816	Advanced Micro Devices, Inc. ^(a)		117,896
	1,102	NVIDIA Corp.		128,956

				246,852

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 5.9%
	711	Beyond, Inc. ^(a)		8,034
	4,816	Cipher Mining, Inc. ^(a)		25,188
	3,249	PagSeguro Digital Ltd. ADR ^(a)		41,522
	4,486	Riot Platforms, Inc. ^(a)		45,713

				120,457

	Credit Intermediation and Related Activities - 12.2%
	522	Coinbase Global, Inc. ^(a)		117,116
	288	MasterCard, Inc. Class A		133,548

				250,664

	Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 2.9%
	3,054	Marathon Digital Holdings, Inc. ^(a)		60,072

	Machinery Manufacturing - 1.1%
	5,188	Terawulf, Inc. ^(a)		21,582

	Management of Companies and Enterprises - 3.8%
	398	Globant SA ADR ^(a)		77,495

	Professional, Scientific, and Technical Services - 4.2%
	3,540	Cleanspark, Inc. ^(a)		56,640
	2,902	Iris Energy Ltd. ADR ^(a)		29,223

				85,863

	Publishing Industries - 6.5%
	1,086	Block, Inc. ^(a)		67,201
	963	Shift4 Payments, Inc. ^(a)		66,245

				133,446

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 7.6%
	1,407	Bitdeer Technologies Group ADR ^(a)		12,776
	633	Interactive Brokers Group, Inc. Class A		75,498
	3,227	Robinhood Markets, Inc. ^(a)		66,379

				154,653

	Telecommunications - 6.7%
	2,124	PayPal Holdings, Inc. ^(a)		139,717

		TOTAL COMMON STOCKS (Cost $1,756,574)	$	1,611,752

	SHORT TERM INVESTMENTS - 32.6%
	Money Market Funds - 32.6%
	96,575	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	96,575
	570,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		570,000

		TOTAL SHORT TERM INVESTMENTS (Cost $666,575)	$	666,575

		TOTAL INVESTMENTS (Cost $2,423,149) - 111.3% ^(c)	$	2,278,327
		Liabilities in Excess of Other Assets - (11.3)%		(231,618	)

		TOTAL NET ASSETS - 100.0%	$	2,046,709

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $570,000.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Solactive Distributed Ledger & Decentralized Payment Tech Index		6.2300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		68	$	257,862	$	(3,323	)
Total return of Solactive Distributed Ledger & Decentralized Payment Tech Index		6.3300% representing 1 month SOFR rate + spread		Barclays		12/23/2024		595		2,450,983		(228,252	)

									$	2,708,845	$	(231,575	)

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 79.1%
	Computer and Electronic Product Manufacturing - 6.5%
	30,369	Indie Semiconductor, Inc. ^(a)	$	181,607
	24,670	QuantumScape Corp. ^(a)		159,368

				340,975

	Management of Companies and Enterprises - 7.2%
	15,375	EHang Holdings Ltd. ADR (China) ^(a)(b)		196,185
	246,044	Polestar Automotive Holding UK PLC ADR (Sweden) ^(a)		180,916

				377,101

	Motor Vehicle and Parts Dealers - 3.5%
	48,766	EVgo, Inc. ^(a)		187,261

	Rental and Leasing Services - 3.5%
	57,286	Cerence, Inc. ^(a)		182,169

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 10.3%
	95,355	ChargePoint Holdings, Inc. ^(a)		206,921
	76,087	Nio, Inc. ADR (China) ^(a)(b)		337,826

				544,747

	Transportation Equipment Manufacturing - 48.1%
	5,756	BorgWarner, Inc.		203,244
	5,665	Gentex Corp.		175,955
	16,964	Hesai Group ADR (China) ^(a)(b)		75,320
	17,366	Li Auto, Inc. ADR (China) ^(a)		342,805
	56,108	Lucid Group, Inc. ^(a)		197,500
	113,602	Luminar Technologies, Inc. ^(a)(b)		188,579
	8,256	Mobileye Global, Inc. (Israel) ^(a)		173,376
	18,973	Nikola Corp. ^(a)		170,378
	20,109	Rivian Automotive, Inc. ^(a)(b)		329,989
	1,515	Tesla, Inc. ^(a)		351,586
	40,643	XPeng, Inc. ADR (China) ^(a)(b)		327,583

				2,536,315

		TOTAL COMMON STOCKS (Cost $4,490,919)	$	4,168,568

	SHORT TERM INVESTMENTS - 30.4%
	Money Market Funds - 30.4%
	1,008,340	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	1,008,340
	456,739	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(c)		456,739
	136,633	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		136,633

		TOTAL SHORT TERM INVESTMENTS (Cost $1,601,712)	$	1,601,712

		TOTAL INVESTMENTS (Cost $6,092,631) - 109.5% ^(e)	$	5,770,280
		Liabilities in Excess of Other Assets - (9.5)%		(502,386	)

		TOTAL NET ASSETS - 100.0%	$	5,267,894

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $4,761,941.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Indxx US Electric and Autonomous Vehicles Index	5.4800% representing 1 month SOFR rate + spread	Goldman Sachs		12/10/2024		3,558	$	2,362,576	$	(74,506	)
Total return of Indxx US Electric and Autonomous Vehicles Index	5.9800% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		1,521		1,006,535		(42,186	)
Total return of Indxx US Electric and Autonomous Vehicles Index	5.3300% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		4,783		2,755,984		304,511

							$	6,125,095	$	187,819

Direxion Daily Energy Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 66.7%
	Gasoline Stations and Fuel Dealers - 11.9%
	262,659	Chevron Corp.	$	42,148,890

	Machinery Manufacturing - 1.9%
	168,686	Baker Hughes Co.		6,531,523

	Oil and Gas Extraction - 26.9%
	60,859	APA Corp.		1,898,192
	125,793	Coterra Energy, Inc.		3,245,459
	106,823	Devon Energy Corp.		5,023,886
	30,145	Diamondback Energy, Inc.		6,098,635
	88,072	EOG Resources, Inc.		11,167,530
	99,933	EQT Corp.		3,448,688
	465,698	Exxon Mobil Corp.		55,227,126
	95,337	Marathon Oil Corp.		2,674,203
	112,397	Occidental Petroleum Corp.		6,835,985

				95,619,704

	Petroleum and Coal Products Manufacturing - 11.2%
	90,881	ConocoPhillips		10,105,967
	58,455	Marathon Petroleum Corp.		10,347,704
	71,658	Phillips 66		10,424,806
	55,271	Valero Energy Corp.		8,938,426

				39,816,903

	Pipeline Transportation - 3.9%
	37,476	Targa Resources Corp.		5,069,753
	205,999	Williams Companies, Inc.		8,845,597

				13,915,350

	Support Activities for Mining - 6.6%
	149,639	Halliburton Co.		5,189,480
	46,714	Hess Corp.		7,166,862
	231,199	Schlumberger Ltd. ADR (Curaco) ^(a)		11,164,600

				23,520,942

	Utilities - 4.3%
	326,364	Kinder Morgan, Inc.		6,896,071
	98,651	ONEOK, Inc.		8,220,588

				15,116,659

		TOTAL COMMON STOCKS (Cost $ 223,984,485)	$	236,669,971

	SHORT TERM INVESTMENTS - 32.6%
	Money Market Funds - 32.6%
	100,853,262	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	100,853,262
	14,994,889	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		14,994,889
	40,639	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		40,639

		TOTAL SHORT TERM INVESTMENTS (Cost $115,888,790)	$	115,888,790

		TOTAL INVESTMENTS (Cost $339,873,275) - 99.3% ^(c)	$	352,558,761
		Other Assets in Excess of Liabilities - 0.7%		2,534,355

		TOTAL NET ASSETS - 100.0%	$	355,093,116

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $279,211,595.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Energy Select Sector Index	5.8200% representing 1 month SOFR rate + spread	BNP Paribas		12/4/2024		143,920	$	128,658,081	$	10,431,362
Total return of Energy Select Sector Index	6.0600% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		59,814		52,114,314		5,715,998
Total return of Energy Select Sector Index	5.9900% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		71,228		64,513,686		4,536,805
Total return of Energy Select Sector Index	5.9800% representing 1 month SOFR rate + spread	Barclays		12/23/2024		207,970		184,089,681		16,826,509

							$	429,375,762	$	37,510,674

Direxion Daily Energy Bear 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 103.4%
	Money Market Funds - 103.4%
	14,702,765	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	14,702,765
	1,342,495	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		1,342,495
	3,722,420	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		3,722,420

		TOTAL SHORT TERM INVESTMENTS (Cost $19,767,680) ^(b)	$	19,767,680

		TOTAL INVESTMENTS (Cost $19,767,680) - 103.4%	$	19,767,680
		Liabilities in Excess of Other Assets - (3.4)%		(653,419	)

		TOTAL NET ASSETS - 100.0%	$	19,114,261

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $7,478,803.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.3700% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	BNP Paribas		12/4/2024		3,283	$	3,196,029	$	5,328
5.8100% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	J.P. Morgan		12/16/2024		19,824		19,554,347		269,099
5.6500% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	UBS Securities LLC		12/17/2024		10,223		9,827,725		(98,300	)
5.6800% representing 1 month SOFR rate + spread	Total return of Energy Select Sector Index	Barclays		12/23/2024		5,659		5,113,779		(376,538	)

							$	37,691,880	$	(200,411	)

Direxion Daily Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares		Fair Value
INVESTMENT COMPANIES - 52.3%
8,225,196	VanEck Gold Miners ETF ^(a)	$	311,981,684

	TOTAL INVESTMENT COMPANIES (Cost $284,253,183)	$	311,981,684

SHORT TERM INVESTMENTS - 43.0%
Money Market Funds - 43.0%
183,985,143	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	183,985,143
21,371,948	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		21,371,948
50,829,380	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		50,829,380

	TOTAL SHORT TERM INVESTMENTS (Cost $256,186,471)	$	256,186,471

	TOTAL INVESTMENTS (Cost $540,439,654) - 95.3% ^(c)	$	568,168,155
	Other Assets in Excess of Liabilities - 4.7%		27,944,057

	TOTAL NET ASSETS - 100.0%	$	596,112,212

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $406,918,005.

Long Total Return Swap Contracts (Unaudited)

July 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 VanEck Gold Miners ETF	6.1200% representing 1 month SOFR rate + spread	BNP Paribas	12/4/2024		3,486,801	$	126,058,842	$	5,857,752
Total return of VanEck Gold Miners ETF	6.0800% representing 1 month SOFR rate + spread	Goldman Sachs	12/10/2024		2,916,872		91,624,283		17,125,545
Total return of VanEck Gold Miners ETF	6.3300% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/11/2024		3,902,140		117,481,532		28,126,894
Total return of VanEck Gold Miners ETF	6.0400% representing 1 month SOFR rate + spread	J.P. Morgan	12/16/2024		4,314,835		127,613,224		33,473,655
Total return of VanEck Gold Miners ETF	6.0300% representing 1 month SOFR rate + spread	UBS Securities LLC	12/17/2024		5,133,992		156,474,462		34,819,668
Total return of VanEck Gold Miners ETF	6.2000% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2024		3,452,674		96,112,671		32,285,385

						$	715,365,014	$	151,688,899

Direxion Daily Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 114.5%
	Money Market Funds - 114.5%
	76,216,712	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	76,216,712
	31,374,053	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		31,374,053

		TOTAL SHORT TERM INVESTMENTS (Cost $107,590,765) ^(b)	$	107,590,765

		TOTAL INVESTMENTS (Cost $107,590,765) - 114.5%	$	107,590,765
		Liabilities in Excess of Other Assets - (14.5)%		(13,625,772	)

		TOTAL NET ASSETS - 100.0%	$	93,964,993

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 July 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 $48,795,300.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.7100% representing 1 month SOFR rate + spread	Total return of VanEck Gold Miners ETF	BNP Paribas	12/4/2024		693,861	$	26,482,929	$	249,069
6.1300% representing 1 month SOFR rate + spread	Total return of VanEck Gold Miners ETF	Bank of America Merrill Lynch	12/11/2024		1,177,270		39,795,384		(4,347,280	)
5.7300% representing 1 month SOFR rate + spread	Total return of VanEck Gold Miners ETF	J.P. Morgan	12/16/2024		1,132,032		38,698,285		(3,777,580	)
5.4800% representing 1 month SOFR rate + spread	Total return of VanEck Gold Miners ETF	UBS Securities LLC	12/17/2024		1,141,935		40,654,482		(2,183,883	)
5.9600% representing 1 month SOFR rate + spread	Total return of VanEck Gold Miners ETF	Citibank N.A.	12/19/2024		809,710		27,636,145		(2,798,975	)

						$	173,267,225	$	(12,858,649	)

Direxion Daily Junior Gold Miners Index Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 32.0%
	2,195,988	VanEck Junior Gold Miners ETF ^(a)	$	101,388,766

		TOTAL INVESTMENT COMPANIES (Cost $95,733,314)	$	101,388,766

	SHORT TERM INVESTMENTS - 65.8%
	Money Market Funds - 65.8%
	205,971,214	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	205,971,214
	2,313,950	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		2,313,950

		TOTAL SHORT TERM INVESTMENTS (Cost $208,285,164)	$	208,285,164

		TOTAL INVESTMENTS (Cost $304,018,478) - 97.8% ^(c)	$	309,673,930
		Other Assets in Excess of Liabilities - 2.2%		6,764,863

		TOTAL NET ASSETS - 100.0%	$	316,438,793

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $148,794,991.

Long Total Return Swap Contracts (Unaudited)

July 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 VanEck Junior Gold Miners ETF	6.1200% representing 1 month SOFR rate + spread	BNP Paribas	12/4/2024		4,171,126	$	150,113,828	$	38,175,696
Total return of VanEck Junior Gold Miners ETF	6.0200% representing 1 month SOFR rate + spread	J.P. Morgan	12/16/2024		1,829,206		66,250,321		16,673,997
Total return of VanEck Junior Gold Miners ETF	6.0600% representing 1 month SOFR rate + spread	UBS Securities LLC	12/17/2024		3,582,072		126,986,097		34,768,994
Total return of VanEck Junior Gold Miners ETF	6.0100% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2024		1,929,247		83,523,146		5,102,483

						$	426,873,392	$	94,721,170

Direxion Daily Junior Gold Miners Index Bear 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 119.5%
	Money Market Funds - 119.5%
	52,528,667	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	52,528,667
	13,369,443	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		13,369,443

		TOTAL SHORT TERM INVESTMENTS (Cost $65,898,110) ^(b)	$	65,898,110

		TOTAL INVESTMENTS (Cost $65,898,110) - 119.5%	$	65,898,110
		Liabilities in Excess of Other Assets - (19.5)%		(10,768,129	)

		TOTAL NET ASSETS - 100.0%	$	55,129,981

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $31,297,481.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.7100% representing 1 month SOFR rate + spread	Total return of VanEck Junior Gold Miners ETF	BNP Paribas	12/5/2024		489,249	$	20,303,975	$	(1,782,582	)
5.7300% representing 1 month SOFR rate + spread	Total return of VanEck Junior Gold Miners ETF	J.P. Morgan	12/16/2024		694,973		29,111,209		(2,628,537	)
5.4800% representing 1 month SOFR rate + spread	Total return of VanEck Junior Gold Miners ETF	UBS Securities LLC	12/17/2024		720,864		28,826,994		(3,972,844	)
5.7300% representing 1 month SOFR rate + spread	Total return of VanEck Junior Gold Miners ETF	Citibank N.A.	12/19/2024		483,139		22,957,319		706,914

						$	101,199,497	$	(7,677,049	)

Direxion Daily NYSE FANG+ Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 44.2%
	Computer and Electronic Product Manufacturing - 16.9%
	17,003	Alphabet, Inc.	$	2,916,695
	13,892	Apple, Inc.		3,085,135
	16,517	Broadcom, Inc.		2,653,952
	21,957	NVIDIA Corp.		2,569,408

				11,225,190

	General Merchandise Retailers - 4.6%
	16,286	Amazon.com, Inc. ^(a)		3,045,156

	Motion Picture and Sound Recording Industries - 4.1%
	4,341	Netflix, Inc. ^(a)		2,727,667

	Professional, Scientific, and Technical Services - 8.8%
	5,960	Meta Platforms, Inc.		2,829,987
	23,331	Snowflake, Inc. ^(a)		3,041,896

				5,871,883

	Publishing Industries - 4.2%
	6,670	Microsoft Corp.		2,790,395

	Transportation Equipment Manufacturing - 5.6%
	16,103	Tesla, Inc. ^(a)		3,737,023

		TOTAL COMMON STOCKS (Cost $26,058,094)	$	29,397,314

	SHORT TERM INVESTMENTS - 52.5%
	Money Market Funds - 52.5%
	29,393,555	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	29,393,555
	1,910,004	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		1,910,004
	3,607,017	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		3,607,017

		TOTAL SHORT TERM INVESTMENTS (Cost $34,910,576)	$	34,910,576

		TOTAL INVESTMENTS (Cost $60,968,670) - 96.7% ^(c)	$	64,307,890
		Other Assets in Excess of Liabilities - 3.3%		2,205,161

		TOTAL NET ASSETS - 100.0%	$	66,513,051

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $38,556,787.

Long Total Return Swap Contracts (Unaudited)

July 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 NYSE FANG+ Index	6.2100% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/11/2024		1,202	$	13,914,843	$	(529,197	)
Total return of NYSE FANG+ Index	5.9200% representing 1 month SOFR rate + spread	UBS Securities LLC	12/17/2024		3,669		35,310,038		4,765,312
Total return of NYSE FANG+ Index	6.0800% representing 1 month SOFR rate + spread	Barclays	12/23/2024		2,080		18,058,973		4,527,988
Total return of NYSE FANG+ Index	6.1700% representing 1 month SOFR rate + spread	J.P. Morgan	5/12/2025		2,334		24,459,545		1,316,212

						$	91,743,399	$	10,080,315

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 48.4%
	502,708	Global X Robotics & Artificial Intelligence ETF ^(a)(b)	$	15,483,407

		TOTAL INVESTMENT COMPANIES (Cost $14,853,088)	$	15,483,407

	SHORT TERM INVESTMENTS - 47.6%
	Money Market Funds - 47.6%
	8,539,564	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	8,539,564
	149,299	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(c)		149,299
	6,519,453	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		6,519,453

		TOTAL SHORT TERM INVESTMENTS (Cost $15,208,316)	$	15,208,316

		TOTAL INVESTMENTS (Cost $30,061,404) - 96.0% ^(e)	$	30,691,723
		Other Assets in Excess of Liabilities - 4.0%		1,270,835

		TOTAL NET ASSETS - 100.0%	$	31,962,558

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $24,182,670.

Long Total Return Swap Contracts (Unaudited)

July 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	6.1300% representing 1 month SOFR rate + spread	J.P. Morgan	12/16/2024		279,294	$	7,535,352	$	786,322
Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index	6.1200% representing 1 month SOFR rate + spread	UBS Securities LLC	12/17/2024		536,060		15,574,816		620,985
Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index	6.0800% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2024		748,089		21,180,212		1,127,941
Total return of Indxx Global Robotics and Artificial Intelligence Thematic Index	6.1800% representing 1 month SOFR rate + spread	Barclays	12/23/2024		9,372		261,573		17,563

						$	44,551,953	$	2,552,811

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 54.4%
	Funds, Trusts, and Other Financial Vehicles - 1.4%
	205,478	Magnolia Oil & Gas Corp.	$	5,597,221

	Gasoline Stations and Fuel Dealers - 2.0%
	40,260	Chevron Corp.		6,460,522
	76,087	Delek US Holdings, Inc.		1,809,349

				8,269,871

	Merchant Wholesalers, Durable Goods - 0.2%
	16,670	REX American Resources Corp. ^(a)		847,003

	Merchant Wholesalers, Nondurable Goods - 1.7%
	117,605	HF Sinclair Corp.		6,053,129
	33,945	World Kinect Corp.		948,084

				7,001,213

	Mining (except Oil and Gas) - 1.3%
	191,022	CNX Resources Corp. ^(a)		5,056,352

	Oil and Gas Extraction - 31.1%
	185,239	Antero Resources Corp. ^(a)		5,375,636
	220,798	APA Corp.		6,886,690
	93,145	Berry Petroleum Corp.		638,975
	57,739	California Resources Corp.		2,970,094
	72,147	Chesapeake Energy Corp. ^(b)		5,506,981
	37,817	Chord Energy Corp.		6,491,666
	117,123	Clean Energy Fuels Corp. ^(a)		333,801
	122,138	Comstock Resources, Inc.		1,156,647
	229,804	Coterra Energy, Inc.		5,928,943
	116,374	Crescent Energy Co. ^(b)		1,423,254
	134,829	Devon Energy Corp.		6,341,008
	33,027	Diamondback Energy, Inc.		6,681,692
	51,948	EOG Resources, Inc.		6,587,006
	156,142	EQT Corp.		5,388,460
	56,302	Exxon Mobil Corp.		6,676,854
	88,503	Green Plains, Inc. ^(a)		1,569,158
	605,425	Kosmos Energy Ltd. ^(a)		3,348,000
	225,004	Marathon Oil Corp.		6,311,362
	109,967	Matador Resources Co.		6,760,771
	132,762	Murphy Oil Corp.		5,493,692
	101,722	Northern Oil and Gas, Inc.		4,393,373
	102,651	Occidental Petroleum Corp.		6,243,234
	71,185	Par Pacific Holdings, Inc. ^(a)		1,889,962
	174,258	Range Resources Corp.		5,442,077
	25,354	SandRidge Energy, Inc.		344,561
	120,414	SM Energy Co.		5,563,127
	883,826	Southwestern Energy Co. ^(a)		5,700,678
	739,131	Tellurian, Inc. ^(a)		681,922
	90,818	VAALCO Energy, Inc.		650,257
	66,718	Viper Energy, Inc.		2,846,857
	14,824	Vitesse Energy, Inc.		384,831

				126,011,569

	Petroleum and Coal Products Manufacturing - 8.4%
	56,153	ConocoPhillips		6,244,214
	36,730	CVR Energy, Inc.		1,050,478
	36,118	Marathon Petroleum Corp.		6,393,608
	134,128	PBF Energy, Inc.		5,465,716
	44,914	Phillips 66		6,534,089
	40,929	Valero Energy Corp.		6,619,038
	35,976	Vital Energy, Inc. ^(a)(b)		1,568,913

				33,876,056

	Printing and Related Support Activities - 1.5%
	408,417	Permian Resources Corp.		6,265,117

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.3%
	44,504	Sitio Royalties Corp.		1,083,672

	Support Activities for Mining - 5.7%
	94,909	Civitas Resources, Inc.		6,620,852
	12,215	Gulfport Energy Corp. ^(a)		1,798,170
	42,823	Hess Corp.		6,569,905
	134,092	Ovintiv, Inc.		6,227,232
	159,594	Talos Energy, Inc. ^(a)		1,889,593

				23,105,752

	Utilities - 0.8%
	3,989	Texas Pacific Land Corp.		3,370,306

		TOTAL COMMON STOCKS (Cost $226,117,631)	$	220,484,132

	SHORT TERM INVESTMENTS - 44.5%
	Money Market Funds - 44.5%
	146,555,545	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	146,555,545
	55,064	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(c)		55,064
	33,900,334	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		33,900,334

		TOTAL SHORT TERM INVESTMENTS (Cost $180,510,943)	$	180,510,943

		TOTAL INVESTMENTS (Cost $406,628,574) - 98.9% ^(e)	$	400,995,075
		Other Assets in Excess of Liabilities - 1.1%		4,410,353

		TOTAL NET ASSETS - 100.0%	$	405,405,428

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 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 $266,682,558.

Long Total Return Swap Contracts (Unaudited)

July 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 Oil & Gas Exploration & Production Select Industry Index		5.8700% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		8,815	$	46,522,573	$	2,196,911
Total return of S&P Oil & Gas Exploration & Production Select Industry Index		5.8700% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		26,428		133,386,159		13,129,308
Total return of S&P Oil & Gas Exploration & Production Select Industry Index		5.9800% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		22,534		116,841,534		8,516,585
Total return of S&P Oil & Gas Exploration & Production Select Industry Index		6.0500% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		8,964		44,570,173		5,152,432
Total return of S&P Oil & Gas Exploration & Production Select Industry Index		5.8200% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		16,865		87,408,006		6,198,210
Total return of S&P Oil & Gas Exploration & Production Select Industry Index		5.8600% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		20,888		110,544,841		5,036,770

									$	539,273,286	$	40,230,216

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 106.1%
	Money Market Funds - 106.1%
	29,603,803	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	29,603,803
	5,145,484	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		5,145,484
	11,917,651	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		11,917,651

		TOTAL SHORT TERM INVESTMENTS (Cost $46,666,938) ^(b)	$	46,666,938

		TOTAL INVESTMENTS (Cost $46,666,938) - 106.1%	$	46,666,938
		Liabilities in Excess of Other Assets - (6.1)%		(2,698,032	)

		TOTAL NET ASSETS - 100.0%	$	43,968,906

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $20,370,908.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.6300% representing 1 month SOFR rate + spread		Total return of S&P Oil & Gas Exploration & Production Select Industry Index		Goldman Sachs		12/10/2024		3,726	$	19,952,356	$	(869,411	)
5.7800% 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		1,158		6,950,202		485,598
5.8100% 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		(1,396,963	)
5.4800% representing 1 month SOFR rate + spread		Total return of S&P Oil & Gas Exploration & Production Select Industry Index		UBS Securities LLC		12/17/2024		3,702		22,051,810		1,367,530
5.6000% representing 1 month SOFR rate + spread		Total return of S&P Oil & Gas Exploration & Production Select Industry Index		Citibank N.A.		12/19/2024		4,583		25,660,017		(25,361	)

									$	86,532,581	$	(438,607	)

Direxion Daily Travel & Vacation Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 78.5%
	Accommodation - 31.6%
	2,374	Airbnb, Inc. ^(a)	$	331,316
	4,647	Apple Hospitality REIT, Inc.		68,729
	1,476	Boyd Gaming Corp.		89,844
	666	Choice Hotels International, Inc.		84,882
	1,583	Hilton Grand Vacations, Inc. ^(a)		68,401
	1,683	Hilton Worldwide Holdings, Inc.		361,290
	6,970	Host Hotels & Resorts, Inc.		122,045
	3,112	Huazhu Group Ltd. ADR		93,360
	568	Hyatt Hotels Corp.		83,683
	1,619	InterContinental Hotels Group PLC ADR (United Kingdom)		164,053
	4,810	Las Vegas Sands Corp.		190,813
	1,499	Marriott International, Inc. Class A		340,723
	7,881	Melco Resorts & Entertainment Ltd. ADR ^(a)		45,001
	3,222	MGM Resorts International ^(a)		138,449
	4,674	Park Hotels & Resorts, Inc.		70,390
	3,627	Penn Entertainment, Inc. ^(a)		72,431
	6,102	Sunstone Hotel Investors, Inc.		63,217
	1,566	Travel + Leisure Co.		72,177
	475	Vail Resorts, Inc.		86,455
	1,210	Wyndham Hotels & Resorts, Inc.		91,621
	1,327	Wynn Resorts Ltd.		109,902

				2,748,782

	Administrative and Support Services - 10.7%
	91	Booking Holdings, Inc.		338,066
	1,744	Live Nation Entertainment, Inc. ^(a)		167,755
	1,066	MakeMyTrip Ltd. ADR (India) ^(a)		99,767
	1,667	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		261,252
	3,492	TripAdvisor, Inc. ^(a)		61,564

				928,404

	Air Transportation - 12.9%
	2,092	Alaska Air Group, Inc. ^(a)		78,513
	1,013	Allegiant Travel Co.		56,799
	9,395	American Airlines Group, Inc. ^(a)		99,963
	667	Copa Holdings SA ADR (Panama)		59,196
	5,936	Delta Air Lines, Inc.		255,367
	10,883	JetBlue Airways Corp. ^(a)		69,760
	1,559	Ryanair Holdings PLC ADR (Ireland)		157,927
	860	SkyWest, Inc. ^(a)		68,748
	4,948	Southwest Airlines Co.		133,299
	3,130	United Continental Holdings, Inc. ^(a)		142,164

				1,121,736

	Amusement, Gambling, and Recreation Industries - 4.6%
	3,517	The Walt Disney Co.		329,508
	1,278	United Parks & Resorts, Inc. ^(a)		67,286

				396,794

	Management of Companies and Enterprises - 4.4%
	5,528	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		101,881
	6,527	Trip.com Group Ltd. ADR (China) ^(a)		277,593

				379,474

	Performing Arts, Spectator Sports, and Related Industries - 2.6%
	2,829	Caesars Entertainment Inc. ^(a)		113,018
	819	Churchill Downs, Inc.		117,576

				230,594

	Real Estate - 7.4%
	3,190	Gaming & Leisure Properties, Inc.		160,138
	781	Marriott Vacations Worldwide Corp.		66,057
	3,996	Pebblebrook Hotel Trust		54,705
	909	Ryman Hospitality Properties, Inc.		91,364
	8,599	VICI Properties, Inc.		268,805

				641,069

	Support Activities for Transportation - 2.1%
	1,439	Expedia, Inc. ^(a)		183,717

	Water Transportation - 2.2%
	11,581	Carnival Corp. ADR (Panama) ^(a)		192,940

		TOTAL COMMON STOCKS (Cost $7,874,249)	$	6,823,510

	SHORT TERM INVESTMENTS - 24.7%
	Money Market Funds - 24.7%
	996,060	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	996,060
	1,152,225	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		1,152,225

		TOTAL SHORT TERM INVESTMENTS (Cost $2,148,285)	$	2,148,285

		TOTAL INVESTMENTS (Cost $10,022,534) - 103.2% ^(c)	$	8,971,795
		Liabilities in Excess of Other Assets - (3.2)%		(283,929	)

		TOTAL NET ASSETS - 100.0%	$	8,687,866

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $7,975,619.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 BlueStar^® Travel and Vacation Index	5.9800% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		32,760	$	5,137,428	$	(219,789	)
Total return of BlueStar^® Travel and Vacation Index	6.1300% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		36,920		5,464,160		(38,425	)

							$	10,601,588	$	(258,214	)

Direxion Daily Uranium Industry Bull 2X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares		Fair Value
INVESTMENT COMPANIES 43.9%
24,123	Global X Uranium ETF ^(a)	$	683,646
7,151	Sprott Uranium Miners ETF ^(a)		335,310

	TOTAL INVESTMENT COMPANIES (Cost $1,079,507)	$	1,018,956

SHORT TERM INVESTMENTS - 65.3%
Money Market Funds - 65.3%
493,561	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	493,561
1,020,000	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		1,020,000

	TOTAL SHORT TERM INVESTMENTS (Cost $1,513,561)	$	1,513,561

	TOTAL INVESTMENTS (Cost $2,593,068) - 109.2% ^(c)	$	2,532,517
	Liabilities in Excess of Other Assets - (9.2)%		(213,491	)

	TOTAL NET ASSETS - 100.0%	$	2,319,026

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,038,956.

Long Total Return Swap Contracts (Unaudited)

July 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 Solactive United States Uranium and Nuclear Energy ETF Select Index

6.2300% representing 1 month SOFR rate + spread

Bank of America Merrill Lynch

12/11/2024

897

3,819,468

(218,316

)

Direxion Daily Mid Cap Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 67.6%
	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.5%
	3,430	Williams-Sonoma, Inc.	$	530,552

	Publishing Industries - 0.5%
	1,160	CommVault Systems, Inc. ^(a)		177,306
	3,263	NEXTracker, Inc. ^(a)		160,344
	4,339	The New York Times Co. Class A		232,527

				570,177

	Accommodation - 0.9%
	1,791	Boyd Gaming Corp.		109,018
	630	Choice Hotels International, Inc. ^(b)		80,294
	1,820	Hilton Grand Vacations, Inc. ^(a)		78,642
	1,210	Hyatt Hotels Corp.		178,269
	5,608	Park Hotels & Resorts, Inc.		84,457
	1,898	Travel + Leisure Co.		87,479
	1,016	Vail Resorts, Inc.		184,922
	2,146	Wyndham Hotels & Resorts, Inc.		162,495

				965,576

	Administrative and Support Services - 0.9%
	3,180	GXO Logistics, Inc. ^(a)		178,016
	1,273	ManpowerGroup, Inc.		97,486
	1,625	MasTec, Inc. ^(a)		178,799
	4,890	RB Global, Inc. ADR		389,391
	3,762	Warner Music Group Corp.		112,898

				956,590

	Ambulatory Health Care Services - 0.4%
	2,466	Acadia Healthcare Company, Inc. ^(a)		159,920
	860	Amedisys, Inc. ^(a)		84,323
	630	Medpace Holdings, Inc. ^(a)		240,988

				485,231

	Apparel Manufacturing - 0.4%
	3,102	Capri Holdings Ltd. ADR ^(a)		104,041
	889	Columbia Sportswear Co. ^(b)		72,631
	1,514	PVH Corp.		154,413
	5,010	Under Armour, Inc. Class A ^(a)		34,920
	5,081	Under Armour, Inc. Class C ^(a)		34,500

				400,505

	Beverage and Tobacco Product Manufacturing - 0.2%
	245	Boston Beer Co., Inc. Class A ^(a)		68,651
	129	Coca-Cola Consolidated, Inc.		147,820

				216,471

	Broadcasting and Content Providers - 0.3%
	832	Nexstar Media Group, Inc.		153,745
	1,567	TKO Group Holdings, Inc.		171,352

				325,097

	Building Material and Garden Equipment and Supplies Dealers - 0.1%
	1,514	Knife River Corp. ^(a)		120,393

	Chemical Manufacturing - 3.7%
	27,446	Arcadium Lithium PLC ADR ^(a)		87,278
	1,328	Ashland, Inc.		128,351
	2,429	Avient Corp.		109,888
	5,039	BioMarin Pharmaceutical, Inc. ^(a)		424,939
	1,473	Cabot Corp.		147,727
	9,699	Coty, Inc. Class A ^(a)		96,505
	3,377	Halozyme Therapeutics, Inc. ^(a)		186,613
	1,684	Jazz Pharmaceuticals PLC ADR (Ireland) ^(a)		185,661
	1,845	Lantheus Holdings, Inc. ^(a)		193,411
	2,680	Neurocrine Biosciences, Inc. ^(a)		379,407
	187	NewMarket Corp.		104,883
	3,180	Olin Corp.		145,040
	3,621	Perrigo Co. PLC ADR (Ireland)		102,366
	1,386	Repligen Corp. ^(a)		231,947
	8,990	Roivant Sciences Ltd. ADR (Ireland) ^(a)		97,541
	3,422	RPM International, Inc.		415,636
	2,515	Sarepta Therapeutics, Inc. ^(a)		357,734
	1,126	Scotts Miracle-Gro Co.		88,504
	3,971	The Chemours Co.		95,979
	1,186	United Therapeutics Corp. ^(a)		371,562
	858	Westlake Chemical Corp.		126,864

				4,077,836

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.3%
	1,358	Abercrombie & Fitch Co. Class A ^(a)		200,278
	973	Carter’s, Inc.		58,915
	5,755	Gap, Inc.		135,128
	2,604	Nordstrom, Inc.		59,449

				453,770

	Computer and Electronic Product Manufacturing - 3.0%
	2,756	Amkor Technology, Inc.		90,011
	2,594	Bruker Corp.		177,715
	1,433	Cirrus Logic, Inc. ^(a)		186,978
	4,564	Cognex Corp.		226,466
	1,598	Dolby Laboratories, Inc.		125,859
	4,234	Illumina, Inc. ^(a)		519,088
	3,234	Iridium Communications, Inc.		92,816
	3,653	Lattice Semiconductor Corp. ^(a)		193,609
	1,444	LivaNova PLC ADR (United Kingdom) ^(a)		71,334
	1,803	Lumentum Holdings, Inc. ^(a)		93,359
	1,458	MACOM Technology Solutions Holdings, Inc. ^(a)		147,141
	1,183	Masimo Corp. ^(a)		126,557
	1,687	MKS Instruments, Inc.		212,393
	1,502	Power Integrations, Inc.		109,706
	2,871	Rambus, Inc. ^(a)		147,684
	4,007	Sensata Technologies Holdings PLC ADR (United Kingdom)		156,233
	2,572	Teradata Corp. ^(a)		83,384
	1,158	Universal Display Corp.		257,794
	3,322	Vishay Intertechnology, Inc.		80,758
	4,115	Vontier Corp.		161,431
	3,350	Wolfspeed, Inc. ^(a)^(b)		63,148

				3,323,464

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.7%
	2,553	Allegro MicroSystems, Inc. ^(a)		61,374
	1,216	ASGN, Inc. ^(a)		115,119
	3,528	Coherent Corp. ^(a)		245,831
	1,242	Concentrix Corp.		87,561
	4,310	ExlService Holdings, Inc. ^(a)		151,971
	6,115	Kyndryl Holdings, Inc. ^(a)		164,310
	946	Novanta, Inc. ADR (Canada)^(a)		171,396
	1,304	Onto Innovation, Inc. ^(a)		249,455
	8,125	Pure Storage, Inc. ^(a)		486,931
	1,124	WEX, Inc. ^(a)		206,198

				1,940,146

	Construction of Buildings - 1.1%


18,070	Avantor, Inc. ^(a)	483,372
1,957	KB Home	168,459
2,816	Taylor Morrison Home Corp. ^(a)	188,897
2,763	Toll Brothers, Inc.	394,308

		1,235,036

Credit Intermediation and Related Activities - 3.8%
7,269	Ally Financial, Inc.	327,178
3,944	Associated Banc-Corp.	90,633
2,812	Bank OZK	131,855
4,861	Cadence Bank	159,781
5,576	Columbia Banking System, Inc.	145,868
3,142	Commerce Bancshares, Inc.	203,319
3,706	East West Bancorp, Inc.	325,720
1,156	Euronet Worldwide, Inc. ^(a)	117,900
9,568	F.N.B. Corp.	146,773
3,418	First Financial Bankshares, Inc.	131,456
14,539	First Horizon National Corp.	243,237
2,301	Hancock Whitney Corp.	125,934
1,416	International Bancshares Corp.	95,495
6,910	New York Community Bancorp, Inc.	72,693
8,398	Old National Bancorp	168,128
2,044	Pinnacle Financial Partners, Inc.	196,878
2,550	Prosperity Bancshares, Inc.	184,926
3,894	Synovus Financial Corp.	182,045
1,245	Texas Capital Bancshares, Inc. ^(a)	82,295
1,161	UMB Financial Corp.	118,445
3,586	United Bankshares, Inc.	139,603
11,365	Valley National Bancorp	95,466
4,561	Webster Financial Corp.	226,317
9,010	Western Union Co.	107,129
1,732	Wintrust Financial Corp.	187,402
3,925	Zions Bancorp	202,805

		4,209,281

Educational Services - 0.3%
975	Duolingo, Inc. ^(a)	167,641
90	Graham Holdings Co. Class B	69,737
773	Grand Canyon Education, Inc. ^(a)	120,549

		357,927

Electrical Equipment, Appliance, and Component Manufacturing - 0.9%
803	Acuity Brands, Inc.	201,834
769	IPG Photonics Corp. ^(a)	61,828
655	Littelfuse, Inc.	174,957
1,775	Regal Rexnord Corp.	285,207
1,047	Synaptics, Inc. ^(a)	91,424
1,455	Whirlpool Corp.	148,366

		963,616

Fabricated Metal Product Manufacturing - 1.8%
5,878	Axalta Coating Systems Ltd. ADR ^(a)	209,551
2,432	BWX Technologies, Inc.	241,960
1,126	Chart Industries, Inc. ^(a)	181,376
3,177	Crown Holdings, Inc.	281,800
1,016	Curtiss-Wright Corp.	299,415
775	RBC Bearings, Inc. ^(a)	225,401
2,157	Silgan Holdings, Inc.	110,934
1,718	Timken Co.	149,380
543	Valmont Industries, Inc.	162,009
728	Watts Water Technologies, Inc.	151,075

		2,012,901

Food and Beverage Retailers - 0.9%
3,961	Celsius Holdings, Inc. ^(a)	185,494
4,146	Performance Food Group Co. ^(a)	286,074
2,677	Sprouts Farmers Market, Inc. ^(a)	267,405
6,017	Us Foods Holding Corp. ^(a)	327,265

		1,066,238

Food Manufacturing - 0.6%
5,106	Flowers Foods, Inc.	114,987
1,743	Ingredion, Inc.	216,777
532	Lancaster Colony Corp.	102,708
1,069	Pilgrim’s Pride Corp. ^(a)	44,075
1,332	Post Holdings, Inc. ^(a)	145,667

		624,214

Food Services and Drinking Places - 1.3%
976	Casey’s General Stores, Inc.	378,532
1,634	Manhattan Associates, Inc. ^(a)	417,291
1,773	Texas Roadhouse, Inc.	309,583
4,420	Wendy’s Co.	74,831
775	Wingstop, Inc.	289,757

		1,469,994

Forestry and Logging - 0.1%
3,649	Rayonier, Inc.	110,674

Funds, Trusts, and Other Financial Vehicles - 1.4%
2,675	Agree Realty Corp.	184,495
13,313	Annaly Capital Management, Inc.	265,062
5,749	Carlyle Group, Inc.	285,955
1,273	EastGroup Properties, Inc.	238,038
3,529	First Industrial Realty Trust, Inc.	193,107
10,062	Healthcare Realty Trust, Inc.	177,997
2,649	SEI Investments Co.	179,708

		1,524,362

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.5%
2,848	Floor & Decor Holdings, Inc. Class A ^(a)	279,104
7,165	GameStop Corp. Class A ^(a)	162,431
412	RH ^(a)	119,513

		561,048

General Merchandise Retailers - 1.4%
3,462	BellRing Brands, Inc. ^(a)	177,531
3,534	BJ’s Wholesale Club Holdings, Inc. ^(a)	310,851
1,693	Burlington Stores, Inc. ^(a)	440,722
1,486	e.l.f. Beauty, Inc. ^(a)	256,454
988	FirstCash Holdings, Inc.	110,261
1,471	Five Below, Inc. ^(a)	107,000
7,322	Macy’s, Inc.	126,524

		1,529,343

Health and Personal Care Retailers - 0.8%
3,256	Doximity, Inc. Class A ^(a)	91,168
1,332	Enovis Corp. ^(a)	63,457
4,568	Envista Holdings Corp. ^(a)	77,976
4,622	Option Care Health, Inc. ^(a)	137,227
1,032	Penumbra, Inc. ^(a)	172,437
2,319	Planet Fitness, Inc. Class A ^(a)	170,910
2,205	Progyny, Inc. ^(a)	62,181
5,257	R1 RCM, Inc. ^(a)	67,710
3,317	Sotera Health Co. ^(a)	46,007

		889,073

Heavy and Civil Engineering Construction - 0.4%
4,552	Core & Main, Inc. ^(a)	243,395
3,567	KBR, Inc.	237,527

		480,922


Hospitals - 0.6%
2,680	Encompass Health Corp.	249,079
2,592	Tenet Healthcare Corp. ^(a)	388,023

		637,102

Insurance Carriers and Related Activities - 3.8%
1,745	American Financial Group, Inc.	228,525
1,658	Brighthouse Financial, Inc. ^(a)	82,684
2,880	CNO Financial Group, Inc.	100,397
8,127	Equitable Holdings, Inc.	354,418
658	Erie Indemnity Co. Class A	290,277
2,842	Essent Group Ltd. ADR	178,591
2,762	First American Financial Corp.	167,322
947	Hanover Insurance Group, Inc.	130,203
1,606	Kemper Corp.	102,880
588	Kinsale Capital Group, Inc.	268,757
7,096	MGIC Investment Corp.	176,265
6,722	Old Republic International Corp.	232,716
917	Primerica, Inc.	230,873
1,746	Reinsurance Group of America, Inc.	393,601
1,405	RenaissanceRe Holdings Ltd. ADR	325,834
1,068	RLI Corp.	160,830
2,728	Ryan Specialty Holdings, Inc.	168,018
1,626	Selective Insurance Group, Inc.	146,860
4,733	Unum Group	272,290
2,680	Voya Financial, Inc.	194,916

		4,206,257

Leather and Allied Product Manufacturing - 0.4%
1,610	Crocs, Inc. ^(a)	216,336
3,530	Skechers U.S.A, Inc. ^(a)	229,909

		446,245

Machinery Manufacturing - 3.2%
1,816	AAON, Inc.	160,770
1,656	AGCO Corp.	156,359
1,077	Belden, Inc.	99,827
1,433	Brooks Automation, Inc. ^(a)	89,262
1,802	Brunswick Corp.	146,773
1,302	Crane Company	208,867
1,298	Crane NXT Co.	81,618
3,206	Donaldson Co., Inc.	239,873
1,072	EnerSys	117,845
1,511	Esab Corp.	153,518
3,501	Flowserve Corp.	176,976
4,500	Graco, Inc.	382,725
2,187	ITT, Inc.	309,373
1,513	Lincoln Electric Holdings, Inc.	310,785
1,430	Middleby Corp. ^(a)	193,879
10,528	NOV, Inc.	219,193
1,746	Oshkosh Corp.	189,703
1,791	Terex Corp.	113,299
2,783	Toro Co. ^(a)	266,417

		3,617,062

Management of Companies and Enterprises - 0.6%
1,715	Cullen/Frost Bankers, Inc.	200,758
3,017	Glacier Bancorp, Inc.	134,890
629	Helen Of Troy Ltd. ADR ^(a)	37,180
4,955	Home Bancshares, Inc.	140,375
2,023	South State Corp.	200,217

		713,420

Merchant Wholesalers, Durable Goods - 2.6%
1,029	Applied Industrial Technologies, Inc.	224,517
1,419	Arrow Electronics, Inc. ^(a)	175,516
2,405	Avnet, Inc.	129,293
5,064	ChampionX Corp.	173,493
3,320	Fortune Brands Innovations, Inc.	268,289
2,204	Hexcel Corp.	145,927
4,510	Jefferies Financial Group, Inc.	263,700
856	Lennox International, Inc.	499,476
1,218	MSC Industrial Direct Co., Inc.	108,341
2,068	SYNNEX Corp.	246,444
856	Watsco, Inc.	419,003
1,158	WESCO International, Inc.	202,592

		2,856,591

Merchant Wholesalers, Nondurable Goods - 0.2%
3,983	HF Sinclair Corp.	205,005

Mining (except Oil and Gas) - 0.1%
4,071	CNX Resources Corp. ^(a)	107,759

Miscellaneous Manufacturing - 1.2%
5,520	DENTSPLY SIRONA, Inc.	149,813
3,003	Globus Medical, Inc. ^(a)	216,096
1,356	Haemonetics Corp. ^(a)	122,108
2,400	Light & Wonder, Inc. Class A ^(a)	257,280
9,144	Mattel, Inc. ^(a)	176,388
976	MSA Safety, Inc.	184,122
5,247	Neogen Corp. ^(a)	89,356
2,274	YETI Holdings, Inc. ^(a)	94,030

		1,289,193

Motor Vehicle and Parts Dealers - 0.4%
659	AutoNation, Inc. ^(a)	125,684
501	Murphy USA, Inc.	252,965
505	Penske Automotive Group, Inc.	87,926

		466,575

Nonmetallic Mineral Product Manufacturing - 0.6%
918	Eagle Materials, Inc.	249,971
2,302	Owens Corning	429,047

		679,018

Oil and Gas Extraction - 1.6%
7,772	Antero Resources Corp. ^(a)	225,543
2,964	Chesapeake Energy Corp. ^(b)	226,242
1,660	Chord Energy Corp.	284,956
3,092	Matador Resources Co.	190,096
3,850	Murphy Oil Corp.	159,313
1,513	ONE Gas, Inc.	105,350
6,463	Range Resources Corp.	201,840
29,329	Southwestern Energy Co. ^(a)	189,172
1,957	Weatherford International PLC ADR ^(a)	230,652

		1,813,164

Paper Manufacturing - 0.4%
8,180	Graphic Packaging Holding Company	246,218
2,110	PotlatchDeltic Corp.	93,600
2,618	Sonoco Products Co.	141,162

		480,980

Performing Arts, Spectator Sports, and Related Industries - 0.2%
1,775	Churchill Downs, Inc.	254,819

Personal and Laundry Services - 0.3%
3,877	Service Corporation International	309,811

Petroleum and Coal Products Manufacturing - 0.6%
1,269	Carlisle Cos., Inc.	531,178
2,812	PBF Energy, Inc.	114,589



		645,767

Pipeline Transportation - 0.3%
2,588	DT Midstream, Inc.	195,032
2,401	PNM Resources, Inc.	99,833

		294,865

Plastics and Rubber Products Manufacturing - 0.8%
1,806	Advanced Drainage Systems, Inc.	319,734
1,763	AptarGroup, Inc.	259,126
3,045	Berry Plastics Group, Inc.	200,117
7,567	Goodyear Tire & Rubber Co. ^(a)	88,534

		867,511

Primary Metal Manufacturing - 1.0%
4,778	Alcoa Corp.	157,865
3,077	Commercial Metals Co.	184,928
1,538	Reliance, Inc.	468,413
854	Silicon Laboratories, Inc. ^(a)	102,591
5,961	United States Steel Corp.	244,938

		1,158,735

Printing and Related Support Activities - 0.2%
13,652	Permian Resources Corp.	209,422

Professional, Scientific, and Technical Services - 3.1%
3,617	AECOM	327,736
3,295	Arrowhead Pharmaceuticals, Inc. ^(a)	94,105
745	Aspen Technology, Inc. ^(a)	140,023
600	CACI International, Inc. Class A ^(a)	276,888
3,850	Ciena Corp. ^(a)	203,049
3,049	Cytokinetics, Inc. ^(a)	179,921
7,741	Exelixis, Inc. ^(a)	181,526
1,346	Exponent, Inc.	142,784
4,541	Fluor Corp. ^(a)	218,422
931	FTI Consulting, Inc. ^(a)	202,930
4,416	Genpact Ltd. ADR	153,103
3,707	H&R Block, Inc.	214,784
944	Insperity, Inc.	96,968
1,626	Maximus, Inc.	151,039
1,161	Paylocity Holding Corp. ^(a)	174,231
1,358	Science Applications International Corporation	168,935
1,128	Simpson Manufacturing Co., Inc.	216,678
1,416	Tetra Tech, Inc.	301,948

		3,445,070

Publishing Industries - 1.0%
1,514	Altair Engineering, Inc. ^(a)	133,777
558	AppFolio, Inc. ^(a)	123,586
1,072	Blackbaud, Inc. ^(a)	85,095
6,430	Dropbox, Inc. Class A ^(a)	153,806
6,392	Dynatrace, Inc. ^(a)	280,737
974	Qualys, Inc. ^(a)	145,262
1,545	Spire, Inc.	102,882
4,510	Tegna, Inc.	71,844
7,565	ZoomInfo Technologies, Inc. ^(a)	85,939

		1,182,928

Real Estate - 3.8%
8,568	American Homes 4 Rent	309,219
8,011	Brixmor Property Group, Inc.	204,040
2,991	Corporate Office Properties Trust	86,649
4,041	Cousins Properties, Inc.	111,168
2,013	EPR Properties	90,585
4,966	Equity Lifestyle Properties, Inc.	341,065
7,213	Gaming & Leisure Properties, Inc.	362,093
5,979	Independence Realty Trust, Inc.	111,508
1,271	Jones Lang LaSalle, Inc. ^(a)	318,894
2,844	Kilroy Realty Corp.	105,143
5,835	Kite Realty Group Trust	143,891
2,340	Lamar Advertising Co.	280,472
862	Marriott Vacations Worldwide Corp.	72,908
4,868	National Retail Properties, Inc.	218,524
1,859	National Storage Affiliates Trust	79,138
6,559	Omega Healthcare Investors, Inc.	238,748
5,784	Rexford Industrial Realty, Inc.	289,836
6,165	Sabra Health Care REIT, Inc.	100,058
4,842	Stag Industrial, Inc.	197,602
7,981	Starwood Property Trust, Inc.	159,221
4,262	Vornado Realty Trust	127,817
5,812	WP Carey, Inc.	335,992

		4,284,571

Religious, Grantmaking, Civic, Professional, and Similar Organizations - 0.2%
2,316	HealthEquity, Inc. ^(a)	181,760

Rental and Leasing Services - 0.3%
474	Avis Budget Group, Inc.	47,878
948	GATX Corp.	132,246
1,161	Ryder System, Inc.	162,726

		342,850

Repair and Maintenance - 0.1%
3,431	Valvoline, Inc. ^(a)	159,542

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.7%
2,379	Adient PLC ADR (Ireland) ^(a)	61,283
853	Affiliated Managers Group, Inc.	158,334
6,995	Aramark Corp.	239,719
408	Chemed Corporation	232,625
945	Evercore, Inc. Class A	236,619
2,133	Federated Investors, Inc. Class B	73,226
6,906	Fidelity National Financial, inc.	382,661
1,387	Houlihan Lokey, Inc.	208,397
2,850	Interactive Brokers Group, Inc. Class A	339,919
3,407	Janus Henderson Group PLC ADR (United Kingdom)	126,843
688	Morningstar, Inc.	218,543
4,417	nVent Electric PLC ADR (Ireland)	320,807
5,837	SLM Corp.	132,441
2,730	Stifel Financial Corp.	242,069

		2,973,486

Specialty Trade Contractors - 1.1%
948	Comfort Systems USA, Inc.	315,134
1,245	EMCOR Group, Inc.	467,423
833	TopBuild Corp. ^(a)	398,624

		1,181,181

Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers - 0.4%
1,546	Dick’s Sporting Goods, Inc.	334,477
1,628	Ollie’s Bargain Outlet Holdings, Inc. ^(a)	158,958

		493,435

Support Activities for Mining - 1.1%
2,438	Civitas Resources, Inc.	170,075
12,639	Cleveland-Cliffs, Inc. ^(a)	194,009
3,560	MP Materials Corp. ^(a)(b)	48,131
6,624	Ovintiv, Inc.	307,619
1,745	Royal Gold, Inc.	241,019
1,599	Southwest Gas Holdings, Inc.	118,582
1,655	Valaris Ltd. ADR ^(a)	130,066

		1,209,501


Support Activities for Transportation - 0.4%
1,188	The Brink’s Co.		130,668
3,090	XPO, Inc. ^(a)		355,010

			485,678

Telecommunications - 0.2%
5,960	Frontier Communications Parent, Inc. ^(a)		174,628
1,220	Ziff Davis, Inc. ^(a)		58,414

			233,042

Textile Product Mills - 0.2%
4,618	Tempur Sealy International, Inc.		241,752

Transportation Equipment Manufacturing - 1.2%
1,928	Autoliv, Inc.		194,998
6,143	Gentex Corp.		190,802
3,260	Harley-Davidson, Inc.		122,250
1,511	Lear Corp.		184,402
1,416	Polaris Industries, Inc.		117,924
1,428	Thor Industries, Inc.		151,568
740	Visteon Corp. ^(a)		85,500
1,628	Woodward, Inc.		253,952

			1,301,396

Truck Transportation - 0.7%
4,302	Knight-Swift Transportation Holdings, Inc. Class A		234,158
728	Lithia Motors, Inc. Class A		201,168
713	Saia, Inc. ^(a)		297,927

			733,253

Utilities - 2.0%
1,543	ALLETE, Inc.		99,523
9,096	Antero Midstream Corporation		130,618
1,829	Black Hills Corp.		108,002
6,692	Essential Utilities, Inc.		272,030
1,347	IDACORP, Inc.		131,669
5,424	MDU Resources Group, Inc.		146,123
2,435	National Fuel Gas Co.		142,667
2,629	New Jersey Resources Corp.		122,906
1,628	NorthWestern Corp.		87,538
5,337	OGE Energy Corp.		206,915
1,429	Ormat Technologies, Inc.		110,948
2,734	Portland General Electric Co.		129,537
498	Texas Pacific Land Corp.		420,760
5,581	UGI Corp.		138,297

			2,247,533

Warehousing and Storage - 0.4%
5,992	CubeSmart		285,099
944	Landstar System, Inc.		179,596

			464,695

Waste Management and Remediation Services - 0.6%
1,329	Clean Harbors, Inc. ^(a)		317,272
4,251	Darling International, Inc. ^(a)		168,892
2,466	Stericycle, Inc. ^(a)		144,385

			630,549

Water Transportation - 0.2%
1,547	Kirby Corp. ^(a)		190,095

Wood Product Manufacturing - 0.6%
690	Greif, Inc.		46,009
1,692	Louisiana-Pacific Corp.		166,087
2,881	Trex Company, Inc. ^(a)		240,938
1,638	UFP Industries, Inc.		216,101

			669,135

	TOTAL COMMON STOCKS (Cost $73,006,288)	$	75,311,190

SHORT TERM INVESTMENTS - 30.8%
Money Market Funds - 30.8%
15,286,105	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	15,286,105
19,015,498	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		19,015,498

	TOTAL SHORT TERM INVESTMENTS (Cost $34,301,603)	$	34,301,603

	TOTAL INVESTMENTS (Cost $107,307,891) - 98.4% ^(e)	$	109,612,793
	Other Assets in Excess of Liabilities - 1.6%		1,761,013

	TOTAL NET ASSETS - 100.0%	$	111,373,806

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 July 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 $95,807,849.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 MidCap 400^® Index	6.1300% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		20,317	$	61,260,762	$	1,374,549
Total return of S&P MidCap 400^® Index	5.9600% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		18,457		53,084,972		3,517,650
Total return of S&P MidCap 400^® Index	5.8700% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		19,434		54,237,067		4,934,807
Total return of S&P MidCap 400^® Index	5.9800% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2024		25,330		71,791,119		5,646,656

							$	240,373,920	$	15,473,662

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 70.5%
	Accommodation - 0.3%
	32,263	Airbnb, Inc. ^(a)	$	4,502,624
	18,284	Hilton Worldwide Holdings, Inc.		3,925,026
	51,509	Host Hotels & Resorts, Inc.		901,923
	26,654	Las Vegas Sands Corp.		1,057,364
	17,516	Marriott International, Inc. Class A		3,981,387
	18,313	MGM Resorts International ^(a)		786,910
	6,909	Wynn Resorts Ltd.		572,203

				15,727,437

	Administrative and Support Services - 1.9%
	6,393	Allegion PLC ADR (Ireland)		874,626
	105,558	Amcor PLC ADR (United Kingdom)		1,111,526
	7,254	Ameriprise Financial, Inc.		3,119,728
	29,900	Automatic Data Processing, Inc.		7,852,338
	2,490	Booking Holdings, Inc.		9,250,375
	8,643	Broadridge Financial Solutions, Inc.		1,849,602
	5,144	Corpay, Inc. ^(a)		1,501,122
	9,032	Equifax, Inc.		2,523,270
	2,788	FactSet Research System, Inc.		1,151,695
	5,647	Gartner, Inc. ^(a)		2,830,220
	21,422	Iron Mountain, Inc.		2,197,040
	10,414	Live Nation Entertainment, Inc. ^(a)		1,001,723
	19,395	Match Group, Inc. ^(a)		739,725
	11,475	Moody’s Corp.		5,238,108
	20,537	Rollins, Inc.		983,928
	17,305	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		2,712,039
	152,616	Uber Technologies, Inc.^(a)		9,839,153
	114,964	Visa, Inc. Class A		30,542,486
	26,647	Waste Management, Inc.		5,400,281

				90,718,985

	Air Transportation - 0.1%
	47,922	American Airlines Group, Inc. ^(a)		509,890
	47,147	Delta Air Lines, Inc.		2,028,264
	43,710	Southwest Airlines Co.		1,177,547
	24,023	United Continental Holdings, Inc. ^(a)		1,091,125

				4,806,826

	Ambulatory Health Care Services - 0.1%
	3,790	DaVita, Inc. ^(a)		517,790
	6,137	Labcorp Holdings, Inc.		1,322,155
	4,293	Molina Healthcare, Inc. ^(a)		1,465,072
	8,111	Quest Diagnostics, Inc.		1,154,195
	86,942	Viatris, Inc.		1,048,521

				5,507,733

	Amusement, Gambling, and Recreation Industries - 0.3%
	18,657	Global Payments, Inc.		1,896,297
	133,137	The Walt Disney Co.		12,473,606

				14,369,903

	Apparel Manufacturing - 0.1%
	6,296	Cintas Corp.		4,809,766
	1,878	Deckers Outdoor Corp. ^(a)		1,732,699
	2,850	Ralph Lauren Corp.		500,432

				7,042,897

	Beverage and Tobacco Product Manufacturing - 0.9%
	125,454	Altria Group, Inc.		6,148,501
	11,770	Constellation Brands, Inc. Class A		2,885,533
	76,238	Keurig Dr Pepper, Inc.		2,613,439
	13,291	Molson Coors Brewing Co. Class B		702,429
	51,784	Monster Beverage Corp. ^(a)		2,664,287
	100,435	PepsiCo, Inc.		17,342,111
	113,539	Philip Morris International, Inc.		13,075,151

				45,431,451

	Broadcasting and Content Providers - 0.4%
	7,144	Charter Communications, Inc. ^(a)		2,712,720
	285,895	Comcast Corp. Class A		11,798,887
	16,894	FOX Corp. Class A		642,648
	9,651	FOX Corp. Class B		341,935
	36,111	Paramount Global Class B		412,387
	162,868	Warner Bros Discovery, Inc. ^(a)		1,408,808

				17,317,385

	Building Material and Garden Equipment and Supplies Dealers - 0.8%
	41,765	Lowe’s Companies, Inc.		10,253,725
	3,826	Snap-on, Inc.		1,098,177
	72,392	The Home Depot, Inc.		26,651,839
	7,888	Tractor Supply Co.		2,077,068

				40,080,809

	Chemical Manufacturing - 5.1%
	128,958	AbbVie, Inc.		23,898,497
	16,242	Air Products & Chemicals, Inc.		4,285,452
	8,582	Albemarle Corp.		803,876
	39,173	Amgen, Inc.		13,023,847
	10,605	Biogen, Inc. ^(a)		2,260,986
	11,521	Bio-Techne Corp.		939,998
	148,052	Bristol-Myers Squibb Co.		7,041,353
	13,222	Catalent, Inc. ^(a)		784,594
	7,353	Celanese Corp.		1,037,876
	13,325	CF Industries Holdings, Inc.		1,017,897
	17,841	Church & Dwight Co., Inc.		1,748,596
	9,081	Clorox Co.		1,198,056
	59,907	Colgate-Palmolive Co.		5,942,175
	30,519	DuPont de Nemours, Inc.		2,554,440
	8,597	Eastman Chemical Co.		888,328
	18,574	Ecolab, Inc.		4,284,836
	58,315	Eli Lilly & Co.		46,901,005
	9,129	FMC Corp.		532,768
	90,981	Gilead Sciences, Inc.		6,920,015
	13,409	Incyte Corp. ^(a)		872,524
	41,892	IntercontinentalExchange, Inc.		6,349,152
	18,665	International Flavors & Fragrances, Inc.		1,856,794
	139,846	Kenvue, Inc.		2,585,753
	24,615	Kimberly-Clark Corp.		3,324,256
	35,108	Linde PLC ADR (Ireland)		15,921,478
	18,774	LyondellBasell Industries N.V. Class A ADR (Netherlands)		1,867,262
	184,979	Merck & Co., Inc.		20,926,674
	23,469	Mosaic Co.		698,672
	413,870	Pfizer, Inc.		12,639,590
	17,201	PPG Industries, Inc.		2,184,183
	172,370	Procter & Gamble Co.		27,710,201
	7,760	Regeneron Pharmaceuticals, Inc. ^(a)		8,374,514
	18,828	Vertex Pharmaceuticals, Inc. ^(a)		9,333,416
	33,321	Zoetis, Inc.		5,999,113

				246,708,177

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


16,346	Bath & Body Works, Inc.	600,716
8,346	Lululemon Athletica, Inc. ^(a)	2,158,776
24,501	Ross Stores, Inc.	3,509,278
82,728	TJX Companies, Inc.	9,349,919

		15,618,689

Computer and Electronic Product Manufacturing - 18.1%
118,021	Advanced Micro Devices, Inc. ^(a)	17,051,674
21,417	Agilent Technologies, Inc.	3,028,364
428,996	Alphabet, Inc.	73,589,974
356,903	Alphabet, Inc. Class C	61,797,754
16,918	AMETEK, Inc.	2,934,935
87,743	Amphenol Corp. Class A	5,638,365
36,221	Analog Devices, Inc.	8,380,815
1,052,740	Apple, Inc.	233,792,499
18,550	Arista Networks, Inc. ^(a)	6,428,502
1,496	Bio-Rad Laboratories, Inc. ^(a)	506,187
317,970	Broadcom, Inc.	51,091,420
295,739	Cisco Systems, Inc.	14,328,555
48,131	Danaher Corp.	13,336,137
9,948	Enphase Energy, Inc. ^(a)	1,145,114
7,833	First Solar, Inc. ^(a)	1,691,850
46,292	Fortinet, Inc. ^(a)	2,686,788
25,706	Fortive Corp.	1,846,976
30,987	GE HealthCare Technologies, Inc.	2,622,430
17,036	Hologic, Inc. ^(a)	1,390,308
63,016	HP, Inc.	2,274,247
310,918	Intel Corp.	9,557,619
67,082	International Business Machines Corp.	12,889,135
8,786	Jabil Circuit, Inc.	989,919
12,764	Keysight Technologies, Inc. ^(a)	1,781,471
13,831	L3Harris Technologies, Inc.	3,138,116
39,483	Microchip Technology, Inc.	3,505,301
80,885	Micron Technology, Inc.	8,882,791
3,558	Monolithic Power Systems, Inc.	3,070,874
12,192	Motorola Solutions, Inc.	4,863,633
15,084	NetApp, Inc.	1,915,366
10,142	Northrop Grumman Corp.	4,911,973
1,796,573	NVIDIA Corp.	210,234,972
18,689	NXP Semiconductors NV ADR (Netherlands)	4,918,197
31,404	ON Semiconductor Corp. ^(a)	2,457,363
29,558	Otis Worldwide Corp.	2,793,231
23,610	Palto Alto Networks, Inc. ^(a)	7,666,875
9,010	PerkinElmer, Inc.	1,131,746
7,030	Qorvo, Inc. ^(a)	842,194
81,650	Qualcomm, Inc.	14,774,567
7,833	Roper Technologies, Inc.	4,267,027
97,114	RTX Corp.	11,409,924
14,239	Seagate Technology Holdings PLC ADR (Ireland)	1,454,799
11,729	Skyworks Solutions, Inc.	1,332,649
3,671	Super Micro Computer, Inc. ^(a)	2,575,757
3,461	Teledyne Technologies, Inc. ^(a)	1,460,057
11,417	Teradyne, Inc.	1,497,454
66,518	Texas Instruments, Inc.	13,557,034
27,870	Thermo Fisher Scientific, Inc.	17,093,786
17,813	Trimble, Inc. ^(a)	971,521
16,021	Veralto Corp.	1,707,198
4,311	Waters Corp. ^(a)	1,449,703
23,840	Western Digital Corp. ^(a)	1,598,472
3,766	Zebra Technologies Corp. Class A ^(a)	1,322,582

		867,586,200

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 0.1%
42,730	Fiserv, Inc. ^(a)	6,989,346

Construction of Buildings - 0.2%
21,637	D.R. Horton, Inc.	3,893,145
17,869	Lennar Corp. Class A	3,161,562
214	NVR, Inc. ^(a)	1,842,001
15,368	PulteGroup, Inc.	2,028,576

		10,925,284

Couriers and Messengers - 0.2%
16,518	FedEx Corp.	4,992,566
53,287	United Parcel Service, Inc. Class B	6,947,026

		11,939,592

Credit Intermediation and Related Activities - 3.5%
41,504	American Express Co.	10,502,172
496,925	Bank of America Corp.	20,031,047
54,632	Bank of New York Mellon Corp.	3,554,904
27,900	Capital One Financial Corp.	4,224,060
139,301	Citigroup, Inc.	9,037,849
33,221	Citizens Financial Group, Inc.	1,417,540
18,285	Discover Financial Services	2,632,857
40,627	Fidelity National Information Services, Inc.	3,121,372
49,945	Fifth Third Bancorp	2,114,671
105,827	Huntington Bancshares, Inc.	1,582,114
209,722	JPMorgan Chase & Co.	44,628,842
68,853	KeyCorp	1,110,599
12,198	M&T Bank Corp.	2,100,130
59,949	MasterCard, Inc. Class A	27,798,951
14,948	Northern Trust Corp.	1,325,140
29,089	PNC Financial Services Group, Inc.	5,268,018
66,883	Regions Financial Corp.	1,496,173
21,992	State Street Corp.	1,868,660
29,319	Synchrony Financial	1,489,112
97,711	Truist Financial Corp.	4,366,704
113,970	U.S. Bancorp	5,114,974
254,621	Wells Fargo & Co.	15,109,210

		169,895,099

Electrical Equipment, Appliance, and Component Manufacturing - 0.3%
8,800	A.O. Smith Corp.	748,352
5,194	Axon Enterprise, Inc. ^(a)	1,558,252
41,758	Emerson Electric Co.	4,890,279
4,428	Generac Holdings, Inc. ^(a)	689,351
8,341	Rockwell Automation, Inc.	2,324,220
22,351	TE Connectivity Ltd. ADR (Switzerland)	3,449,430

		13,659,884

Fabricated Metal Product Manufacturing - 0.1%
22,688	Ball Corp.	1,448,175
17,503	Nucor Corp.	2,851,939
12,130	Pentair PLC ADR (Ireland)	1,065,863
11,243	Stanley Black & Decker, Inc.	1,187,486

		6,553,463

Food and Beverage Retailers - 0.1%
48,904	Kroger Co.	2,665,268

Food Manufacturing - 0.9%
36,117	Archer-Daniels-Midland Co.	2,239,615
14,360	Campbell Soup Co.	672,910
283,190	Coca-Cola Co.	18,900,101
41,245	General Mills, Inc.	2,769,189
21,192	Hormel Foods Corp.	680,475


19,216	Kellanova	1,117,410
10,561	Lamb Weston Holdings, Inc.	633,871
18,378	McCormick & Co, Inc.	1,415,290
97,969	Mondelez International, Inc.	6,696,181
10,780	The Hershey Co.	2,128,834
7,768	The J.M. Smucker Co.	916,236
57,637	The Kraft Heinz Co.	2,029,399
20,904	Tyson Foods, Inc. Class A	1,273,054

		41,472,565

Food Services and Drinking Places - 0.6%
100,312	Chipotle Mexican Grill, Inc. ^(a)	5,448,948
8,733	Darden Restaurants, Inc.	1,277,551
52,608	McDonald’s Corp.	13,962,163
82,743	Starbucks Corp.	6,449,817
20,550	Yum! Brands, Inc.	2,729,656

		29,868,135

Funds, Trusts, and Other Financial Vehicles - 0.1%
11,221	Garmin Ltd. ADR (Switzerland)	1,921,596
16,319	T. Rowe Price Group, Inc.	1,863,793

		3,785,389

Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.0% ⁽^†⁾
14,066	Best Buy Co., Inc.	1,216,990

Gasoline Stations and Fuel Dealers - 0.4%
125,197	Chevron Corp.	20,090,363

General Merchandise Retailers - 3.8%
668,857	Amazon.com, Inc. ^(a)	125,062,882
32,386	Costco Wholesale Corp.	26,621,292
16,020	Dollar General Corp.	1,928,648
15,110	Dollar Tree, Inc. ^(a)	1,576,577
36,960	eBay, Inc.	2,055,346
8,537	Etsy, Inc. ^(a)	556,100
33,785	Target Corp.	5,081,602
312,005	Walmart, Inc.	21,416,023

		184,298,470

Health and Personal Care Retailers - 0.2%
91,698	CVS Health Corp.	5,532,140
3,500	Ulta Beauty, Inc. ^(a)	1,277,115
52,285	Walgreens Boots Alliance, Inc.	620,623

		7,429,878

Hospitals - 0.1%
14,166	HCA Healthcare, Inc.	5,142,966
4,358	Universal Health Services, Inc. Class B	931,566

		6,074,532

Insurance Carriers and Related Activities - 3.9%
37,763	Aflac, Inc.	3,601,835
19,255	Allstate Corp.	3,294,916
48,488	American International Group, Inc.	3,841,704
27,304	Arch Capital Group Ltd. ADR ^(a)	2,615,177
15,969	Arthur J. Gallagher & Co.	4,527,052
3,808	Assurant, Inc.	665,905
132,209	Berkshire Hathaway, Inc. Class B ^(a)	57,973,647
17,305	Brown & Brown, Inc.	1,720,636
38,987	Centene Corp. ^(a)	2,998,880
29,639	Chubb Limited ADR (Switzerland)	8,170,287
20,738	Cigna Corp.	7,230,718
11,450	Cincinnati Financial Corp.	1,495,599
16,958	Elevance Health, Inc.	9,022,165
3,176	Everest Re Group Ltd. ADR	1,247,755
6,110	Globe Life, Inc.	566,641
21,591	Hartford Financial Services Group, Inc.	2,394,874
8,816	Humana, Inc.	3,187,954
13,269	Loews Corp.	1,060,857
35,985	Marsh & McLennan Companies, Inc.	8,009,181
43,625	MetLife, Inc.	3,352,581
15,746	Principal Financial Group, Inc.	1,283,456
42,776	Progressive Corp.	9,159,197
26,212	Prudential Financial, Inc.	3,284,888
16,735	Travelers Companies, Inc.	3,622,123
67,222	UnitedHealth Group, Inc.	38,730,628
22,093	W.R. Berkley Corp.	1,217,987
7,445	Willis Towers Watson PLC ADR (Ireland)	2,101,575

		186,378,218

Leather and Allied Product Manufacturing - 0.2%
88,482	NIKE, Inc. Class B	6,623,763
16,792	Tapestry, Inc.	673,191

		7,296,954

Machinery Manufacturing - 1.8%
60,708	Applied Materials, Inc.	12,882,238
72,888	Baker Hughes Co.	2,822,223
61,189	Carrier Global Corp.	4,167,583
35,713	Caterpillar, Inc.	12,363,841
10,003	Cummins, Inc.	2,918,875
18,895	Deere & Co.	7,028,562
79,951	General Electric Co.	13,607,660
5,539	IDEX Corp.	1,154,771
29,490	Ingersoll Rand, Inc.	2,960,796
9,562	Lam Research Corp.	8,808,897
1,571	Mettler-Toledo International, Inc. ^(a)	2,389,538
3,968	Nordson Corp.	993,310
9,384	Parker Hannifin Corp.	5,265,925
16,515	Trane Technologies PLC ADR (Ireland)	5,520,634
17,720	Xylem, Inc.	2,365,620

		85,250,473

Management of Companies and Enterprises - 0.5%
127,031	Abbott Laboratories	13,457,664
15,891	Aon PLC ADR (United Kingdom)	5,220,352
10,340	Bunge Global SA ADR (Switzerland)	1,088,078
31,364	Norwegian Cruise Line Holdings Ltd. ADR ^(a)	578,039
37,918	Smurfit WestRock PLC ADR (Ireland) ^(a)	1,700,243

		22,044,376

Merchant Wholesalers, Durable Goods - 0.6%
8,910	Builders FirstSource, Inc.^(a)	1,491,267
63,883	Copart, Inc. ^(a)	3,342,998
41,810	Fastenal Co.	2,958,058
10,156	Genuine Parts Co.	1,494,049
9,329	Henry Schein, Inc.^(a)	671,128
3,919	Hubbell, Inc.	1,550,552
2,891	Huntington Ingalls Industries, Inc.	809,422
49,204	Johnson Controls International PLC ADR (Ireland)	3,520,054
9,830	KLA-Tencor Corp.	8,090,778
19,498	LKQ Corp.	809,167
3,848	Mohawk Industries, Inc. ^(a)	619,797
2,805	Pool Corp.	1,049,182
3,196	W.W. Grainger, Inc.	3,121,885

		29,528,337

Merchant Wholesalers, Nondurable Goods - 0.6%
13,087	Brown Forman Corp. Class B	591,009
17,805	Cardinal Health, Inc.	1,795,278


12,074	Cencora, Inc.	2,872,163
34,918	ConAgra Brands, Inc.	1,058,714
2,544	Domino’s Pizza, Inc.	1,090,613
19,823	Illinois Tool Works, Inc.	4,901,832
9,500	McKesson Corp.	5,861,690
36,363	Sysco Corp.	2,787,224
17,028	The Sherwin Williams Co.	5,973,422

		26,931,945

Mining (except Oil and Gas) - 0.3%
104,932	Freeport-McMoRan Copper & Gold, Inc.	4,764,962
4,507	Martin Marietta Materials, Inc.	2,674,229
84,198	Newmont Corp.	4,131,596
9,677	Vulcan Materials Co.	2,656,433

		14,227,220

Miscellaneous Manufacturing - 2.0%
40,396	3M Co.	5,152,510
5,125	Align Technology, Inc. ^(a)	1,188,385
37,231	Baxter International, Inc.	1,333,614
21,096	Becton, Dickinson & Co.	5,085,402
107,378	Boston Scientific Corp. ^(a)	7,933,087
29,071	DexCom, Inc. ^(a)	1,971,595
10,052	Dover Corp.	1,852,181
43,985	Edwards Lifesciences Corp. ^(a)	2,773,254
17,005	Estee Lauder Companies, Inc. Class A	1,693,868
9,571	Hasbro, Inc.	616,947
5,128	Insulet Corp. ^(a)	996,627
25,928	Intuitive Surgical, Inc. ^(a)	11,527,848
175,799	Johnson & Johnson	27,749,872
96,972	Medtronic PLC ADR (Ireland)	7,788,791
10,708	ResMed, Inc.	2,283,481
10,108	Solventum Corp. ^(a)	595,159
7,215	Steris PLC ADR (Ireland)	1,722,653
24,755	Stryker Corp.	8,106,025
3,439	Teleflex, Inc.	759,744
13,920	Textron, Inc.	1,293,168
14,520	The Cooper Companys, Inc. ^(a)	1,355,152
15,035	Zimmer Biomet Holdings, Inc.	1,674,147

		95,453,510

Motion Picture and Sound Recording Industries - 0.4%
31,458	Netflix, Inc. ^(a)	19,766,634

Motor Vehicle and Parts Dealers - 0.2%
1,261	AutoZone, Inc. ^(a)	3,951,583
11,507	CarMax, Inc. ^(a)	971,651
4,278	O’Reilly Automotive, Inc. ^(a)	4,818,483

		9,741,717

National Security and International Affairs - 0.0% ^(†)
9,872	Leidos Holdings, Inc.	1,425,517

Nonmetallic Mineral Product Manufacturing - 0.0% ^(†)
56,295	Corning, Inc.	2,252,363

Oil and Gas Extraction - 1.3%
26,321	APA Corp.	820,952
54,366	Coterra Energy, Inc.	1,402,643
46,162	Devon Energy Corp.	2,170,999
13,034	Diamondback Energy, Inc.	2,636,908
61,202	Dominion Energy, Inc.	3,271,859
41,977	EOG Resources, Inc.	5,322,684
43,324	EQT Corp.	1,495,111
327,630	Exxon Mobil Corp.	38,853,642
41,205	Marathon Oil Corp.	1,155,800
48,549	Occidental Petroleum Corp.	2,952,750

		60,083,348

Paper Manufacturing - 0.0% ^(†)
6,524	Packaging Corp of America	1,303,952

Performing Arts, Spectator Sports, and Related Industries - 0.1%
15,811	Caesars Entertainment Inc. (a)	631,649
17,784	Electronic Arts, Inc.	2,684,317

		3,315,966

Petroleum and Coal Products Manufacturing - 0.5%
85,434	ConocoPhillips	9,500,261
25,728	Marathon Petroleum Corp.	4,554,370
30,946	Phillips 66	4,502,024
23,876	Valero Energy Corp.	3,861,227

		22,417,882

Pipeline Transportation - 0.1%
16,188	Targa Resources Corp.	2,189,912
89,021	Williams Companies, Inc.	3,822,562

		6,012,474

Plastics and Rubber Products Manufacturing - 0.1%
5,882	Avery Dennison Corp.	1,275,394
5,321	West Pharmaceutical Services, Inc.	1,629,131

		2,904,525

Primary Metal Manufacturing - 0.1%
28,313	Howmet Aerospace, Inc.	2,709,554
10,792	Steel Dynamics, Inc.	1,437,710

		4,147,264

Professional, Scientific, and Technical Services - 3.5%
45,920	Accenture PLC Class A ADR (Ireland)	15,182,070
9,793	CDW Corp.	2,135,951
3,774	Charles River Laboratories International, Inc. ^(a)	921,233
36,341	Cognizant Technology Solutions Corp. Class A	2,750,287
29,193	Eaton Corporation PLC ADR (Ireland)	8,897,734
4,246	EPAM Systems, Inc. ^(a)	913,442
15,472	Extra Space Storage, Inc.	2,469,641
4,293	F5 Networks, Inc. ^(a)	874,227
10,291	GoDaddy, Inc. ^(a)	1,496,826
6,043	IDEXX Laboratories, Inc. ^(a)	2,877,193
25,386	International Paper Co.	1,179,941
27,560	Interpublic Group of Companies, Inc.	886,605
13,319	IQVIA Holdings, Inc. ^(a)	3,279,537
5,326	Jack Henry & Associates, Inc.	913,303
9,160	Jacobs Solutions, Inc.	1,340,566
23,723	Juniper Networks, Inc.	894,120
160,032	Meta Platforms, Inc.	75,987,995
24,346	Moderna, Inc. ^(a)	2,902,530
14,280	Omnicom Group, Inc.	1,400,011
116,429	Oracle Corp.	16,236,024
23,389	Paychex, Inc.	2,994,260
3,511	Paycom Software, Inc.	585,600
8,762	PTC, Inc. ^(a)	1,558,322
14,979	ServiceNow, Inc. ^(a)	12,198,748
11,575	Take-Two Interactive Software, Inc. ^(a)	1,742,385
6,327	VeriSign, Inc. ^(a)	1,183,212
10,432	Verisk Analytics, Inc. Class A	2,730,576

		166,532,339

Publishing Industries - 6.4%
32,700	Adobe, Inc. ^(a)	18,038,955
11,101	Akamai Technologies, Inc. ^(a)	1,091,006


6,377	Ansys, Inc. ^(a)	2,000,018
15,601	Autodesk, Inc. ^(a)	3,861,560
19,886	Cadence Design Systems, Inc. ^(a)	5,322,687
16,861	CrowdStrike Holdings, Inc. ^(a)	3,911,078
11,508	Dayforce, Inc. ^(a)	682,194
1,806	Fair Isaac Corp. ^(a)	2,889,600
94,961	Hewlett Packard Enterprise Co.	1,890,673
20,464	Intuit, Inc.	13,247,370
542,815	Microsoft Corp.	227,086,655
27,721	News Corp. Class A	764,545
8,334	News Corp. Class B	237,436
40,245	NortonLifeLock, Inc.	1,045,968
70,942	Salesforce, Inc.	18,359,790
11,118	Synopsys, Inc. ^(a)	6,207,402
3,100	Tyler Technologies, Inc. ^(a)	1,761,141

		308,398,078

Rail Transportation - 0.3%
142,801	CSX Corp.	5,012,315
44,560	Union Pacific Corp.	10,994,289

		16,006,604

Real Estate - 1.3%
11,507	Alexandria Real Estate Equities, Inc.	1,349,656
34,093	American Tower Corp.	7,514,097
10,377	AvalonBay Communities, Inc.	2,126,455
10,570	BXP, Inc.	753,747
7,795	Camden Property Trust	863,296
22,018	CBRE Group, Inc. Class A ^(a)	2,481,649
31,744	Crown Castle, Inc.	3,494,380
23,684	Digital Realty Trust, Inc.	3,540,521
25,179	Equity Residential	1,753,214
4,701	Essex Property Trust, Inc.	1,308,570
5,452	Federal Realty Investment Trust	608,716
51,407	Healthpeak Properties, Inc.	1,121,701
42,061	Invitation Homes, Inc.	1,483,491
48,742	Kimco Realty Corp.	1,059,164
8,530	Mid-America Apartment Communities, Inc.	1,192,238
67,620	Prologis, Inc.	8,523,501
11,527	Public Storage	3,411,070
63,590	Realty Income Corp.	3,651,974
11,987	Regency Centers Corp.	807,205
23,794	Simon Property Group, Inc.	3,650,951
22,121	UDR, Inc.	886,389
29,554	Ventas, Inc.	1,608,920
76,190	VICI Properties, Inc.	2,381,699
43,668	Welltower, Inc.	4,858,065
53,257	Weyerhaeuser Co.	1,691,442

		62,122,111

Rental and Leasing Services - 0.1%
4,864	United Rentals, Inc.	3,682,534

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.7%
10,173	BlackRock, Inc.	8,916,635
7,679	Cboe Global Markets, Inc.	1,409,173
109,027	Charles Schwab Corp.	7,107,470
26,321	CME Group, Inc.	5,098,641
51,340	Dow, Inc.	2,796,490
21,882	Franklin Resources, Inc.	500,441
23,571	Goldman Sachs Group, Inc.	11,998,346
32,848	Invesco Ltd. ADR ^(a)	566,957
48,594	KKR & Co., Inc.	5,998,929
2,771	MarketAxess Holdings, Inc.	619,402
91,385	Morgan Stanley	9,431,846
5,788	MSCI, Inc. Class A	3,129,919
30,187	NASDAQ OMX Group, Inc.	2,043,056
13,629	Raymond James Financial, Inc.	1,580,964
23,369	S&P Global, Inc.	11,327,655
52,167	The Blackstone Group, Inc.	7,415,539

		79,941,463

Specialty Trade Contractors - 0.1%
10,669	Quanta Services, Inc.	2,831,339

Support Activities for Agriculture and Forestry - 0.1%
50,885	Corteva, Inc.	2,854,649

Support Activities for Mining - 0.2%
64,672	Halliburton Co.	2,242,825
20,173	Hess Corp.	3,094,942
104,418	Schlumberger Ltd. ADR (Curaco) ^(a)	5,042,345

		10,380,112

Support Activities for Transportation - 0.2%
8,550	C.H. Robinson Worldwide, Inc.	761,378
9,254	Expedia, Inc. ^(a)	1,181,458
10,314	Expeditors International of Washington, Inc.	1,287,393
5,960	J.B. Hunt Transport Services, Inc.	1,031,974
16,476	Norfolk Southern Corp.	4,111,751

		8,373,954

Telecommunications - 0.9%
523,680	AT&T, Inc.	10,080,840
6,943	Equinix, Inc.	5,486,636
76,398	PayPal Holdings, Inc. ^(a)	5,025,461
7,860	SBA Communications Corp.	1,725,584
37,672	T-Mobile US, Inc.	6,866,852
307,436	Verizon Communications, Inc.	12,457,307

		41,642,680

Transportation Equipment Manufacturing - 2.0%
19,881	Aptiv PLC ADR (United Kingdom) ^(a)	1,379,543
42,161	Boeing Co. ^(a)	8,035,887


16,635	BorgWarner, Inc.		587,382
286,395	Ford Motor Co.		3,098,794
16,597	General Dynamics Corp.		4,957,690
83,307	General Motors Co.		3,692,166
47,575	Honeywell International, Inc.		9,740,981
15,572	Lockheed Martin Corp.		8,438,778
38,285	Paccar, Inc.		3,777,198
202,659	Tesla, Inc. ^(a)		47,031,074
4,090	TransDigm Group, Inc.		5,293,360
12,857	Wabtec Corp.		2,071,905

			98,104,758

Truck Transportation - 0.1%
13,002	Old Dominion Freight Line, Inc.		2,732,760

Utilities - 1.8%
51,914	AES Corp.		923,550
18,749	Alliant Energy Corp.		1,043,569
19,489	Ameren Corp.		1,544,893
38,503	American Electric Power Co., Inc.		3,777,914
14,204	American Water Works Co., Inc.		2,022,081
11,024	Atmos Energy Corp.		1,409,749
46,703	CenterPoint Energy, Inc.		1,296,008
21,832	CMS Energy Corp.		1,414,714
25,254	Consolidated Edison, Inc.		2,462,770
23,020	Constellation Energy Corp.		4,369,196
15,126	DTE Energy Co.		1,823,137
56,362	Duke Energy Corp.		6,158,676
28,125	Edison International		2,250,281
15,572	Entergy Corp.		1,805,885
16,804	Evergy, Inc.		974,632
25,723	Eversource Energy		1,669,680
73,031	Exelon Corp.		2,716,753
37,833	FirstEnergy Corp.		1,585,581
20,039	GE Vernova, Inc. ^(a)		3,571,751
141,045	Kinder Morgan, Inc.		2,980,281
150,048	NextEra Energy, Inc.		11,462,167
32,724	NiSource, Inc.		1,022,625
15,210	NRG Energy, Inc.		1,143,336
42,632	ONEOK, Inc.		3,552,524
156,075	PG&E Corp.		2,848,369
8,310	Pinnacle West Capital Corp.		711,253
53,890	PPL Corp.		1,601,611
36,370	Public Service Enterprise Group, Inc.		2,901,235
46,236	Sempra Energy		3,701,654
79,855	Southern Co.		6,669,490
23,846	Vistra Corp.		1,889,080
23,079	WEC Energy Group, Inc.		1,986,179
40,582	Xcel Energy, Inc.		2,365,119

			87,655,743

Waste Management and Remediation Services - 0.1%
14,957	Republic Services, Inc.		2,906,444

Water Transportation - 0.0% ^(†)
73,797	Carnival Corp. ADR (Panama) ^(a)		1,229,458

Web Search Portals, Libraries, Archives, and Other Information Services - 0.0% ^(†)
29,821	CoStar Group, Inc. ^(a)		2,326,634

Wood Product Manufacturing - 0.0% ^(†)
16,064	Masco Corp.		1,250,582

	TOTAL COMMON STOCKS (Cost $3,353,659,412)	$	3,387,235,667

SHORT TERM INVESTMENTS - 23.3%
Money Market Funds - 23.3%
817,133,873	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	817,133,873
87,647	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		87,647
67,697	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		67,697
303,176,135	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		303,176,135

	TOTAL SHORT TERM INVESTMENTS (Cost $1,120,465,352)	$	1,120,465,352

	TOTAL INVESTMENTS (Cost $4,474,124,764) - 93.8% ^(c)	$	4,507,701,019
	Other Assets in Excess of Liabilities - 6.2%^(d)		297,827,622

	TOTAL NET ASSETS - 100.0%	$	4,805,528,641

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 July 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 $4,107,571,048.

^(d)	$126,087,503 of cash is pledged as collateral for futures contracts.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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		6.1300% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		195,728	$	913,238,043	$	143,056,283
Total return of S&P 500^® Index		5.9300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		226,203		1,035,053,829		185,182,713
Total return of S&P 500^® Index		6.0800% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		226,893		1,092,492,678		136,545,376
Total return of S&P 500^® Index		6.1000% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		50,629		235,105,887		37,653,383
Total return of S&P 500^® Index		5.8400% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		330,274		1,630,694,021		160,469,329
Total return of S&P 500^® Index		6.0200% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		330,456		1,681,766,593		117,216,363
Total return of S&P 500^® Index		6.1200% representing 1 month SOFR rate + spread		Barclays		12/23/2024		196,769		985,278,456		84,957,046

									$	7,573,629,507	$	865,080,493

Long Futures Contracts (Unaudited)

July 31, 2024


Reference Entity		Expiration Date		Number of Contracts		Notional Amount		Variation Margin Payable, net		Unrealized Appreciation


S&P 500 Index	9/20/2024	8,750	$2,431,625,000	$37,406,250	$21,561,453

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 110.3%
	Money Market Funds - 110.3%
	244,211,784	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	244,211,784
	41,768,511	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		41,768,511
	38,007,350	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		38,007,350
	210,718,055	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		210,718,055

		TOTAL SHORT TERM INVESTMENTS (Cost $534,705,700) ^(b)	$	534,705,700

		TOTAL INVESTMENTS (Cost $534,705,700) - 110.3%	$	534,705,700
		Liabilities in Excess of Other Assets - (10.3)%		(49,817,558	)

		TOTAL NET ASSETS - 100.0%	$	484,888,142

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $355,924,547.

Short Total Return Swap Contracts (Unaudited)

July 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
5.5300% representing 1 month SOFR rate + spread		Total return of S&P 500^® Index		BNP Paribas		12/4/2024		33,089	$	179,409,243	$	(1,476,938	)
5.7300% representing 1 month SOFR rate + spread		Total return of S&P 500^® Index		Goldman Sachs		12/10/2024		26,248		133,748,005		(8,941,796	)
5.8800% representing 1 month SOFR rate + spread		Total return of S&P 500^® Index		Bank of America Merrill Lynch		12/11/2024		85,278		462,043,839		(6,380,022	)
5.9100% representing 1 month SOFR rate + spread		Total return of S&P 500^® Index		J.P. Morgan		12/16/2024		54,277		279,028,733		(17,038,303	)
5.4800% representing 1 month SOFR rate + spread		Total return of S&P 500^® Index		UBS Securities LLC		12/17/2024		11,095		56,626,378		(3,669,200	)
5.7800% representing 1 month SOFR rate + spread		Total return of S&P 500^® Index		Citibank N.A.		12/19/2024		18,787		98,848,854		(3,905,471	)
5.9000% representing 1 month SOFR rate + spread		Total return of S&P 500^® Index		Barclays		12/23/2024		34,650		187,093,128		(3,279,286	)

									$	1,396,798,180	$	(44,691,016	)

Direxion Daily Small Cap Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 68.2%
	9,586,613	iShares Russell 2000 ETF ^(a)	$	2,146,059,186

		TOTAL INVESTMENT COMPANIES (Cost $1,959,123,430)	$	2,146,059,186

	SHORT TERM INVESTMENTS - 28.8%
	Money Market Funds - 28.8%
	542,336,516	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	542,336,516
	16,250,000	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		16,250,000
	347,830,029	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		347,830,029

		TOTAL SHORT TERM INVESTMENTS (Cost $906,416,545)	$	906,416,545

		TOTAL INVESTMENTS (Cost $2,865,539,975) - 97.0% ^(c)	$	3,052,475,731
		Other Assets in Excess of Liabilities - 3.0%		94,560,427

		TOTAL NET ASSETS - 100.0%	$	3,147,036,158

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,776,962,367.

Long Total Return Swap Contracts (Unaudited)

July 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 Russell 2000^®Index		5.9800% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		530,185	$	1,043,077,471	$	132,672,043
Total return of Russell 2000^®Index		5.9300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		517,441		1,000,562,224		145,654,329
Total return of Russell 2000^®Index		5.7900% representing 1 month SOFR rate + spread		Societe Generale		12/16/2024		55,000		108,827,795		12,405,745
Total return of Russell 2000^®Index		5.7200% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		200,000		423,703,791		23,508,072
Total return of Russell 2000^®Index		5.9300% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		361,937		765,302,279		41,219,904
Total return of Russell 2000^®Index		5.7200% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		812,117		1,804,966,417		23,671,163
Total return of Russell 2000^®Index		5.9100% representing 1 month SOFR rate + spread		Barclays		12/23/2024		759,159		1,701,001,731		8,521,795

									$	6,847,441,708	$	387,653,051

Direxion Daily Small Cap Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 117.0%
	Money Market Funds - 117.0%
	241,624,575	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	241,624,575
	26,380,000	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		26,380,000
	63,464,996	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		63,464,996
	117,533,809	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		117,533,809

		TOTAL SHORT TERM INVESTMENTS (Cost $449,003,380) ^(b)	$	449,003,380

		TOTAL INVESTMENTS (Cost $449,003,380) - 117.0%	$	449,003,380
		Liabilities in Excess of Other Assets - (17.0)%		(65,287,637	)

		TOTAL NET ASSETS - 100.0%	$	383,715,743

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $289,559,656.

Short Total Return Swap Contracts (Unaudited)

July 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
5.6300% representing 1 month SOFR rate + spread		Total return of Russell 2000^® Index		BNP Paribas		12/4/2024		80,677	$	173,860,991	$	(6,372,169	)
5.7300% representing 1 month SOFR rate + spread		Total return of Russell 2000^® Index		Bank of America Merrill Lynch		12/11/2024		72,569		152,870,120		(8,445,690	)
5.5800% representing 1 month SOFR rate + spread		Total return of Russell 2000^® Index		Societe Generale		12/16/2024		51,000		100,662,762		(11,908,058	)
5.5100% representing 1 month SOFR rate + spread		Total return of Russell 2000^® Index		J.P. Morgan		12/16/2024		64,201		125,114,479		(16,909,813	)
5.6400% representing 1 month SOFR rate + spread		Total return of Russell 2000^® Index		UBS Securities LLC		12/17/2024		68,749		146,267,494		(7,600,242	)
5.4800% representing 1 month SOFR rate + spread		Total return of Russell 2000^® Index		Citibank N.A.		12/19/2024		49,692		109,361,561		(1,893,033	)
5.6700% representing 1 month SOFR rate + spread		Total return of Russell 2000^® Index		Barclays		12/23/2024		123,733		265,130,578		(12,185,448	)

									$	1,073,267,985	$	(65,314,453	)

Direxion Daily FTSE China Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 50.1%
	16,125,557	iShares China Large-Cap ETF ^(a)	$	414,104,304

		TOTAL INVESTMENT COMPANIES (Cost $401,645,790)	$	414,104,304

	SHORT TERM INVESTMENTS - 52.2%
	Money Market Funds - 52.2%
	178,003,480	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	178,003,480
	125,773,328	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		125,773,328
	128,225,174	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		128,225,174

		TOTAL SHORT TERM INVESTMENTS (Cost $432,001,982)	$	432,001,982

		TOTAL INVESTMENTS (Cost $833,647,772) - 102.3% ^(c)	$	846,106,286
		Liabilities in Excess of Other Assets - (2.3)%		(19,006,078	)

		TOTAL NET ASSETS - 100.0%	$	827,100,208

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $696,899,959.

Long Total Return Swap Contracts (Unaudited)

July 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 China Large-Cap ETF		6.0800% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		8,552,730	$	199,152,028	$	16,507,204
Total return of iShares China Large-Cap ETF		5.8300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		24,813,109		577,440,766		47,401,075
Total return of iShares China Large-Cap ETF		6.1100% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		7,338,329		171,958,337		13,674,986
Total return of iShares China Large-Cap ETF		6.1800% representing 1 month SOFR rate + spread		Societe Generale		12/16/2024		8,750,000		207,452,224		13,697,579
Total return of iShares China Large-Cap ETF		6.1000% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		7,292,491		160,351,063		22,754,630
Total return of iShares China Large-Cap ETF		6.1800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		7,240,552		165,539,585		15,070,589
Total return of iShares China Large-Cap ETF		5.9300% representing 1 month SOFR rate + spread		Citibank N.A.		5/2/2025		16,512,711		458,541,975		(38,871,574	)

									$	1,940,435,978	$	90,234,489

Direxion Daily FTSE China Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 104.6%
	Money Market Funds - 104.6%
	86,608,387	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	86,608,387
	51,759,368	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		51,759,368

		TOTAL SHORT TERM INVESTMENTS (Cost $138,367,755) ^(b)	$	138,367,755

		TOTAL INVESTMENTS (Cost $138,367,755) - 104.6%	$	138,367,755
		Liabilities in Excess of Other Assets - (4.6)%		(6,092,294	)

		TOTAL NET ASSETS - 100.0%	$	132,275,461

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $92,440,532.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.4400% representing 1 month SOFR rate + spread		Total return of iShares China Large-Cap ETF		BNP Paribas		12/4/2024		3,013,568	$	82,748,851	$	5,860,347
5.9100% representing 1 month SOFR rate + spread		Total return of iShares China Large-Cap ETF		Bank of America Merrill Lynch		12/11/2024		7,108,159		180,472,282		(1,882,415	)
5.5600% representing 1 month SOFR rate + spread		Total return of iShares China Large-Cap ETF		UBS Securities LLC		12/17/2024		5,331,482		143,962,232		7,869,244

									$	407,183,365	$	11,847,176

Direxion Daily FTSE Europe Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 54.5%
	181,770	Vanguard FTSE Europe ETF ^(a)	$	12,443,974

		TOTAL INVESTMENT COMPANIES (Cost $11,930,917)	$	12,443,974

	SHORT TERM INVESTMENTS - 43.7%
	Money Market Funds - 43.7%
	4,838,066	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	4,838,066
	2,936,986	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		2,936,986
	2,194,429	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		2,194,429

		TOTAL SHORT TERM INVESTMENTS (Cost $9,969,481)	$	9,969,481

		TOTAL INVESTMENTS (Cost $21,900,398) - 98.2% ^(c)	$	22,413,455
		Other Assets in Excess of Liabilities - 1.8%		411,919

		TOTAL NET ASSETS - 100.0%	$	22,825,374

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $21,539,047.

Long Total Return Swap Contracts (Unaudited)

July 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		5.6200% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		220,521	$	13,769,495	$	1,231,861
Total return of Vanguard FTSE Europe ETF		5.7300% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		200,569		13,199,422		502,031
Total return of Vanguard FTSE Europe ETF		5.8300% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		181,136		12,389,309		23,790
Total return of Vanguard FTSE Europe ETF		6.0700% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		97,075		6,420,669		208,825
Total return of Vanguard FTSE Europe ETF		5.8800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		119,175		7,651,332		429,738

									$	53,430,227	$	2,396,245

Direxion Daily MSCI Emerging Markets Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 6.5%
	128,124	iShares MSCI Emerging Markets ETF ^(a)	$	5,502,925

		TOTAL INVESTMENT COMPANIES (Cost $5,539,726)	$	5,502,925

	SHORT TERM INVESTMENTS - 87.8%
	Money Market Funds - 87.8%
	39,527,555	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	39,527,555
	7,320,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		7,320,000
	27,723,409	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		27,723,409

		TOTAL SHORT TERM INVESTMENTS (Cost $74,570,964)	$	74,570,964

		TOTAL INVESTMENTS (Cost $80,110,690) - 94.3% ^(c)	$	80,073,889
		Other Assets in Excess of Liabilities - 5.7%		4,846,102

		TOTAL NET ASSETS - 100.0%	$	84,919,991

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $48,884,980.

Long Total Return Swap Contracts (Unaudited)

July 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 Emerging Markets ETF		5.8600% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		1,629,285	$	64,024,358	$	5,247,279
Total return of iShares MSCI Emerging Markets ETF		5.9200% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		1,426,234		55,611,710		4,283,572
Total return of iShares MSCI Emerging Markets ETF		5.9000% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		1,672,086		66,791,492		4,287,547
Total return of iShares MSCI Emerging Markets ETF		6.1800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		1,075,936		45,493,677		484,824

									$	231,921,237	$	14,303,222

Direxion Daily MSCI Emerging Markets Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 107.1%
	Money Market Funds - 107.1%
	10,847,381	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	10,847,381
	7,619,214	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		7,619,214

		TOTAL SHORT TERM INVESTMENTS (Cost $18,466,595) ^(b)	$	18,466,595

		TOTAL INVESTMENTS (Cost $18,466,595) - 107.1%	$	18,466,595
		Liabilities in Excess of Other Assets - (7.1)%		(1,229,446	)

		TOTAL NET ASSETS - 100.0%	$	17,237,149

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $10,413,490.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.6300% representing 1 month SOFR rate + spread		Total return of iShares MSCI Emerging Markets ETF		J.P. Morgan		12/16/2024		579,639	$	24,918,730	$	145,531
5.4600% representing 1 month SOFR rate + spread		Total return of iShares MSCI Emerging Markets ETF		UBS Securities LLC		12/17/2024		410,961		16,891,514		(568,150	)
5.6600% representing 1 month SOFR rate + spread		Total return of iShares MSCI Emerging Markets ETF		Citibank N.A.		12/19/2024		213,459		8,993,236		(157,464	)

									$	50,803,480	$	(580,083	)

Direxion Daily MSCI Mexico Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 46.5%
	202,403	iShares MSCI Mexico ETF ^(a)(b)	$	11,439,817

		TOTAL INVESTMENT COMPANIES (Cost $11,623,908)	$	11,439,817

	SHORT TERM INVESTMENTS - 65.8%
	Money Market Funds - 65.8%
	8,871,394	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	8,871,394
	3,231,727	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(c)		3,231,727
	4,070,664	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		4,070,664

		TOTAL SHORT TERM INVESTMENTS (Cost $16,173,785)	$	16,173,785

		TOTAL INVESTMENTS (Cost $27,797,693) - 112.3% ^(e)	$	27,613,602
		Liabilities in Excess of Other Assets - (12.3)%		(3,036,003	)

		TOTAL NET ASSETS - 100.0%	$	24,577,599

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $23,805,768.

Long Total Return Swap Contracts (Unaudited)

July 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 Mexico ETF		5.8800% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		235,770	$	14,374,126	$	(1,181,251	)
Total return of iShares MSCI Mexico ETF		6.0300% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		356,423		20,541,939		(472,819	)
Total return of iShares MSCI Mexico ETF		5.8800% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		510,000		28,754,191		(113,139	)

									$	63,670,256	$	(1,767,209	)

Direxion Daily MSCI South Korea Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 55.3%
	321,069	iShares MSCI South Korea ETF ^(a)	$	21,367,142

		TOTAL INVESTMENT COMPANIES (Cost $20,392,126)	$	21,367,142

	SHORT TERM INVESTMENTS - 39.4%
	Money Market Funds - 39.4%
	4,237,480	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	4,237,480
	2,950,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		2,950,000
	8,032,513	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		8,032,513

		TOTAL SHORT TERM INVESTMENTS (Cost $15,219,993)	$	15,219,993

		TOTAL INVESTMENTS (Cost $35,612,119) - 94.7% ^(c)	$	36,587,135
		Other Assets in Excess of Liabilities - 5.3%		2,057,843

		TOTAL NET ASSETS - 100.0%	$	38,644,978

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $32,349,655.

Long Total Return Swap Contracts (Unaudited)

July 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 South Korea ETF		5.9800% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		225,898	$	13,360,411	$	1,253,681
Total return of iShares MSCI South Korea ETF		5.9300% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		653,096		41,909,242		1,139,921
Total return of iShares MSCI South Korea ETF		5.9800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		298,082		17,700,448		1,691,095
Total return of iShares MSCI South Korea ETF		5.9800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		243,990		16,204,705		(137,584	)

									$	89,174,806	$	3,947,113

Direxion Daily Aerospace & Defense Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 62.1%
	Administrative and Support Services - 0.1%
	2,625	V2X, Inc. ^(a)	$	136,841

	Computer and Electronic Product Manufacturing - 16.6%
	22,204	L3Harris Technologies, Inc.		5,037,866
	16,019	Leonardo DRS, Inc. ^(a)		451,736
	11,776	Mercury Computer Systems, Inc. ^(a)		418,637
	6,485	Moog, Inc. Class A		1,271,708
	11,382	Northrop Grumman Corp.		5,512,530
	154,278	RTX Corp.		18,126,122

				30,818,599

	Credit Intermediation and Related Activities - 0.1%
	10,262	Smith & Wesson Brands, Inc.		169,836

	Electrical Equipment, Appliance, and Component Manufacturing - 2.6%
	15,995	Axon Enterprise, Inc. ^(a)		4,798,660

	Fabricated Metal Product Manufacturing - 2.6%
	20,610	BWX Technologies, Inc.		2,050,489
	8,634	Curtiss-Wright Corp.		2,544,440
	3,923	Sturm, Ruger & Co, Inc.		176,966

				4,771,895

	Machinery Manufacturing - 11.7%
	127,019	General Electric Co.		21,618,634

	Merchant Wholesalers, Durable Goods - 2.0%
	18,740	Hexcel Corp.		1,240,776
	8,891	Huntington Ingalls Industries, Inc.		2,489,302

				3,730,078

	Miscellaneous Manufacturing - 2.2%
	4,395	Cadre Holdings, Inc.		161,297
	42,997	Textron, Inc.		3,994,421

				4,155,718

	Primary Metal Manufacturing - 3.0%
	58,277	Howmet Aerospace, Inc.		5,577,109

	Support Activities for Transportation - 0.0% ⁽^†⁾
	4,127	Virgin Galactic Holdings, Inc. ^(a)		29,343

	Textile Mills - 0.0% ⁽^†⁾
	1,184	National Presto Industries, Inc.		90,540

	Transportation Equipment Manufacturing - 21.2%
	7,466	AAR Corp. ^(a)		482,303
	6,303	AeroVironment, Inc. ^(a)		1,125,338
	46,967	Archer Aviation, Inc. ^(a)(b)		195,852
	64,006	Boeing Co. ^(a)		12,199,543
	3,086	Ducommun, Inc. ^(a)		198,029
	16,518	General Dynamics Corp.		4,934,092
	8,606	HEICO Corp.		2,076,972
	16,372	HEICO Corp. Class A		3,112,481
	33,843	Kratos Defense & Security Solutions, Inc. ^(a)		762,821
	10,590	Lockheed Martin Corp.		5,738,933
	59,998	Rocket Lab USA, Inc. ^(a)		314,389
	26,279	Spirit AeroSystems Holdings, Inc. ^(a)		952,614
	3,677	TransDigm Group, Inc.		4,758,847
	17,331	Triumph Group, Inc. ^(a)		284,055
	13,736	Woodward, Inc.		2,142,680

				39,278,949

		TOTAL COMMON STOCKS (Cost $99,985,665)	$	115,176,202

	SHORT TERM INVESTMENTS - 35.3%
	Money Market Funds - 35.3%
	32,048,744	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	32,048,744
	620,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(c)		620,000
	32,746,022	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		32,746,022

		TOTAL SHORT TERM INVESTMENTS (Cost $65,414,766)	$	65,414,766

		TOTAL INVESTMENTS (Cost $165,400,431) - 97.4% ^(e)	$	180,590,968
		Other Assets in Excess of Liabilities - 2.6%		4,928,189

		TOTAL NET ASSETS - 100.0%	$	185,519,157

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

^(c)	Represents annualized seven-day yield at July 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 $157,385,289.

Long Total Return Swap Contracts (Unaudited)

July 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 Aerospace & Defense Index		6.1300% representing 1 month SOFR rate + spread		Barclays		7/31/2024		2,524	$	91,555,526	$	(1,796,524	)
Total return of Dow Jones U.S. Select Aerospace & Defense Index		6.1200% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		1,241		39,583,248		4,415,829
Total return of Dow Jones U.S. Select Aerospace & Defense Index		6.1500% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		1,517		52,708,601		1,976,479
Total return of Dow Jones U.S. Select Aerospace & Defense Index		6.0800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		6,886		216,564,000		27,116,281

									$	400,411,375	$	31,712,065

Direxion Daily Consumer Discretionary Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 71.2%
	Accommodation - 3.9%
	2,080	Airbnb, Inc. Class A ^(a)	$	290,285
	1,178	Hilton Worldwide Holdings, Inc.		252,881
	1,720	Las Vegas Sands Corp.		68,232
	1,130	Marriott International, Inc. Class A		256,849
	1,183	MGM Resorts International ^(a)		50,834
	445	Wynn Resorts Ltd.		36,855

				955,936

	Administrative and Support Services - 3.1%
	160	Booking Holdings, Inc.		594,402
	1,116	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		174,899

				769,301

	Apparel Manufacturing - 0.6%
	121	Deckers Outdoor Corp. ^(a)		111,638
	185	Ralph Lauren Corp.		32,484

				144,122

	Building Material and Garden Equipment and Supplies Dealers - 10.1%
	2,696	Lowe’s Companies, Inc.		661,895
	4,611	The Home Depot, Inc.		1,697,586
	508	Tractor Supply Co.		133,766

				2,493,247

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 4.1%
	1,054	Bath & Body Works, Inc.		38,735
	540	Lululemon Athletica, Inc. ^(a)		139,676
	1,580	Ross Stores, Inc.		226,303
	5,336	TJX Companies, Inc.		603,075

				1,007,789

	Construction of Buildings - 2.9%
	1,397	D.R. Horton, Inc.		251,362
	1,155	Lennar Corp. Class A		204,354
	14	NVR, Inc. ^(a)		120,505
	992	PulteGroup, Inc.		130,944

				707,165

	Food Services and Drinking Places - 7.4%
	6,468	Chipotle Mexican Grill, Inc. ^(a)		351,342
	561	Darden Restaurants, Inc.		82,069
	2,949	McDonald’s Corp.		782,665
	5,337	Starbucks Corp.		416,019
	1,327	Yum! Brands, Inc.		176,265

				1,808,360

	Funds, Trusts, and Other Financial Vehicles - 0.5%
	724	Garmin Ltd. ADR (Switzerland)		123,985

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.3%
	907	Best Buy Co., Inc.		78,474

	General Merchandise Retailers - 16.5%
	20,808	Amazon.com, Inc. ^(a)		3,890,680
	2,384	eBay, Inc.		132,574
	552	Etsy, Inc. ^(a)		35,957

				4,059,211

	Health and Personal Care Retailers - 0.3%
	226	Ulta Beauty, Inc. ^(a)		82,465

	Leather and Allied Product Manufacturing - 1.9%
	5,708	NIKE, Inc. Class B		427,301
	1,082	Tapestry, Inc.		43,377

				470,678

	Management of Companies and Enterprises - 0.2%
	2,021	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		37,247

	Merchant Wholesalers, Durable Goods - 1.0%
	656	Genuine Parts Co.		96,504
	1,257	LKQ Corp.		52,166
	249	Mohawk Industries, Inc. ^(a)		40,106
	180	Pool Corp.		67,327

				256,103

	Merchant Wholesalers, Nondurable Goods - 0.3%
	165	Domino’s Pizza, Inc.		70,736

	Miscellaneous Manufacturing - 0.2%
	617	Hasbro, Inc.		39,772

	Motor Vehicle and Parts Dealers - 2.6%
	81	AutoZone, Inc. ^(a)		253,829
	741	CarMax, Inc. ^(a)		62,570
	277	O’Reilly Automotive, Inc. ^(a)		311,996

				628,395

	Performing Arts, Spectator Sports, and Related Industries - 0.2%
	1,020	Caesars Entertainment, Inc. ^(a)		40,749

	Support Activities for Transportation - 0.3%
	598	Expedia, Inc. ^(a)		76,347

	Transportation Equipment Manufacturing - 14.5%
	1,282	Aptiv PLC ADR (United Kingdom) ^(a)		88,958
	1,073	BorgWarner, Inc.		37,888
	18,476	Ford Motor Co.		199,910
	5,376	General Motors Co.		238,264
	12,908	Tesla, Inc. ^(a)		2,995,560

				3,560,580

	Water Transportation - 0.3%
	4,760	Carnival Corp. ADR (Panama) ^(a)		79,302

		TOTAL COMMON STOCKS (Cost $15,898,740)	$	17,489,964

	SHORT TERM INVESTMENTS - 25.2%
	Money Market Funds - 25.2%
	5,492,824	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	5,492,824
	29,456	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		29,456
	684,735	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		684,735

		TOTAL SHORT TERM INVESTMENTS (Cost $6,207,015)	$	6,207,015


TOTAL INVESTMENTS (Cost $22,105,755) - 96.4% ^(c)	$	23,696,979
Other Assets in Excess of Liabilities - 3.6%		878,260

TOTAL NET ASSETS - 100.0%	$	24,575,239

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $20,635,524.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Consumer Discretionary Select Sector Index		6.1800% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		6,704	$	12,006,471	$	399,030
Total return of Consumer Discretionary Select Sector Index		5.9300% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		12,454		22,304,755		929,361
Total return of Consumer Discretionary Select Sector Index		6.0800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		10,528		18,884,701		686,809

									$	53,195,927	$	2,015,200

Direxion Daily Dow Jones Internet Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 68.7%
	Accommodation - 2.9%
	29,296	Airbnb, Inc. ^(a)	$	4,088,550

	Administrative and Support Services - 5.1%
	1,131	Booking Holdings, Inc.		4,201,676
	20,201	Cloudflare, Inc. ^(a)		1,565,577
	31,830	Roblox Corp. ^(a)		1,321,582
	11,178	Teladoc Health, Inc. ^(a)		105,409

				7,194,244

	Amusement, Gambling, and Recreation Industries - 0.9%
	34,267	DraftKings, Inc. ^(a)		1,266,165

	Computer and Electronic Product Manufacturing - 13.1%
	28,413	Alphabet, Inc.		4,873,966
	23,635	Alphabet, Inc. Class C		4,092,401
	14,055	Arista Networks, Inc. ^(a)		4,870,760
	94,976	Cisco Systems, Inc.		4,601,587

				18,438,714

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.0%
	42,934	Pinterest, Inc. ^(a)		1,371,741

	Food Services and Drinking Places - 1.5%
	19,783	DoorDash, Inc. ^(a)		2,190,374

	General Merchandise Retailers - 8.3%
	52,014	Amazon.com, Inc. ^(a)		9,725,578
	35,900	eBay, Inc.		1,996,399

				11,721,977

	Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 0.3%
	19,340	Marathon Digital Holdings, Inc. ^(a)(b)		380,418

	Motion Picture and Sound Recording Industries - 4.2%
	9,571	Netflix, Inc. ^(a)		6,013,938

	Motor Vehicle and Parts Dealers - 0.7%
	7,703	Carvana Co. ^(a)		1,026,271

	Professional, Scientific, and Technical Services - 16.5%
	12,432	Atlassian Corp. ^(a)		2,195,118
	10,139	Ciena Corp. ^(a)		534,731
	10,823	GoDaddy, Inc. ^(a)		1,574,205
	20,766	Juniper Networks, Inc.		782,671
	18,711	Meta Platforms, Inc.		8,884,544
	16,209	Nutanix, Inc. ^(a)		818,717
	3,871	Paycom Software, Inc.		645,644
	66,158	Snap, Inc. ^(a)^(b)		881,225
	23,013	Snowflake, Inc. ^(a)		3,000,435
	12,602	Workday, Inc. ^(a)		2,862,166
	18,333	Zoom Video Communications, Inc. ^(a)		1,107,313

				23,286,769

	Publishing Industries - 11.2%
	9,869	Akamai Technologies, Inc. ^(a)		969,925
	10,304	Box, Inc. ^(a)		289,748
	19,561	Confluent, Inc. ^(a)		489,416
	18,406	Datadog, Inc. ^(a)		2,143,195
	14,917	DocuSign, Inc. ^(a)		827,595
	16,597	Dropbox, Inc. ^(a)		397,000
	3,850	HubSpot, Inc. ^(a)		1,913,566
	10,362	Okta, Inc. ^(a)		973,406
	19,725	Salesforce, Inc.		5,104,830
	8,079	Smartsheet, Inc. ^(a)		387,469
	10,611	Veeva Systems, Inc. ^(a)		2,036,569
	19,799	ZoomInfo Technologies, Inc. ^(a)		224,917

				15,757,636

	Telecommunications - 3.0%
	64,340	PayPal Holdings, Inc. ^(a)		4,232,285

		TOTAL COMMON STOCKS (Cost $88,504,449)	$	96,969,082

	SHORT TERM INVESTMENTS - 28.6%
	Money Market Funds - 28.6%
	12,547,379	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	12,547,379
	27,845,377	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		27,845,377

		TOTAL SHORT TERM INVESTMENTS (Cost $40,392,756)	$	40,392,756

		TOTAL INVESTMENTS (Cost $128,897,205) - 97.3% ^(e)	$	137,361,838
		Other Assets in Excess of Liabilities - 2.7%		3,754,272

		TOTAL NET ASSETS - 100.0%	$	141,116,110

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $130,007,484.

Long Total Return Swap Contracts (Unaudited)

July 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		6.1300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		198,530	$	175,732,800	$	3,060,729
Total return of Dow Jones Internet Composite Index		6.1500% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		22,741		19,235,040		928,197
Total return of Dow Jones Internet Composite Index		5.7300% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		94,932		82,779,842		2,062,000
Total return of Dow Jones Internet Composite Index		5.9800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		42,988		38,471,571		111,228

									$	316,219,253	$	6,162,154

Direxion Daily Dow Jones Internet Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 106.8%
	Money Market Funds - 106.8%
	5,322,212	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	5,322,212
	10,801,577	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		10,801,577

		TOTAL SHORT TERM INVESTMENTS (Cost $16,123,789) ^(b)	$	16,123,789

		TOTAL INVESTMENTS (Cost $16,123,789) - 106.8%	$	16,123,789
		Liabilities in Excess of Other Assets - (6.8)%		(1,027,483	)

		TOTAL NET ASSETS - 100.0%	$	15,096,306

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $10,931,029.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.9300% representing 1 month SOFR rate + spread		Total return of Dow Jones Internet Composite Index		Bank of America Merrill Lynch		12/11/2024		24,177	$	21,409,108	$	(239,880	)
5.9400% representing 1 month SOFR rate + spread		Total return of Dow Jones Internet Composite Index		J.P. Morgan		12/16/2024		20,954		19,434,908		545,922
5.5300% representing 1 month SOFR rate + spread		Total return of Dow Jones Internet Composite Index		UBS Securities LLC		12/17/2024		888		823,358		30,830
5.6300% representing 1 month SOFR rate + spread		Total return of Dow Jones Internet Composite Index		Citibank N.A.		12/19/2024		3,824		3,579,864		169,198

									$	45,247,238	$	506,070

Direxion Daily Financial Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 65.1%
	Administrative and Support Services - 6.1%
	26,195	Ameriprise Financial, Inc.	$	11,265,684
	18,530	Corpay, Inc. ^(a)		5,407,424
	10,051	FactSet Research System, Inc.		4,151,967
	41,418	Moody’s Corp.		18,906,489
	415,167	Visa, Inc. Class A		110,297,417

				150,028,981

	Amusement, Gambling, and Recreation Industries - 0.3%
	67,320	Global Payments, Inc.		6,842,405

	Chemical Manufacturing - 0.9%
	151,279	IntercontinentalExchange, Inc.		22,927,845

	Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services - 1.0%
	154,315	Fiserv, Inc. ^(a)		25,241,305

	Credit Intermediation and Related Activities - 25.0%
	149,872	American Express Co.		37,923,611
	1,794,423	Bank of America Corp.		72,333,191
	197,230	Bank of New York Mellon Corp.		12,833,756
	100,773	Capital One Financial Corp.		15,257,032
	503,071	Citigroup, Inc.		32,639,246
	120,007	Citizens Financial Group, Inc.		5,120,699
	66,095	Discover Financial Services		9,517,019
	146,706	Fidelity National Information Services, Inc.		11,271,422
	180,414	Fifth Third Bancorp		7,638,729
	382,228	Huntington Bancshares, Inc.		5,714,309
	757,375	JPMorgan Chase & Co.		161,169,400
	248,671	KeyCorp		4,011,063
	44,008	M&T Bank Corp.		7,576,857
	216,530	MasterCard, Inc. Class A		100,407,126
	53,958	Northern Trust Corp.		4,783,377
	104,947	PNC Financial Services Group, Inc.		19,005,902
	241,542	Regions Financial Corp.		5,403,294
	79,451	State Street Corp.		6,750,951
	105,902	Synchrony Financial		5,378,763
	352,911	Truist Financial Corp.		15,771,593
	411,557	U.S. Bancorp		18,470,678
	919,485	Wells Fargo & Co.		54,562,240

				613,540,258

	Funds, Trusts, and Other Financial Vehicles - 0.3%
	58,895	T. Rowe Price Group, Inc.		6,726,398

	Insurance Carriers and Related Activities - 18.4%
	136,375	Aflac, Inc.		13,007,447
	69,607	Allstate Corp.		11,911,150
	175,034	American International Group, Inc.		13,867,944
	98,630	Arch Capital Group Ltd. ADR ^(a)		9,446,781
	57,627	Arthur J. Gallagher & Co.		16,336,678
	13,710	Assurant, Inc.		2,397,468
	477,466	Berkshire Hathaway, Inc. Class B ^(a)		209,368,841
	62,446	Brown & Brown, Inc.		6,209,006
	107,096	Chubb Limited ADR (Switzerland)		29,522,083
	41,290	Cincinnati Financial Corp.		5,393,300
	11,462	Everest Re Group Ltd. ADR		4,503,076
	22,144	Globe Life, Inc.		2,053,635
	77,999	Hartford Financial Services Group, Inc.		8,651,649
	47,882	Loews Corp.		3,828,166
	129,951	Marsh & McLennan Companies, Inc.		28,923,194
	157,541	MetLife, Inc.		12,107,026
	56,871	Principal Financial Group, Inc.		4,635,555
	154,476	Progressive Corp.		33,076,401
	94,681	Prudential Financial, Inc.		11,865,423
	60,397	Travelers Companies, Inc.		13,072,327
	79,902	W.R. Berkley Corp.		4,404,997
	26,963	Willis Towers Watson PLC ADR (Ireland)		7,611,116

				452,193,263

	Management of Companies and Enterprises - 0.8%
	57,345	Aon PLC ADR (United Kingdom)		18,838,406

	Professional, Scientific, and Technical Services - 0.1%
	19,227	Jack Henry & Associates, Inc.		3,297,046

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 11.4%
	36,842	BlackRock, Inc.		32,292,013
	27,732	Cboe Global Markets, Inc.		5,089,099
	393,744	Charles Schwab Corp.		25,668,171
	94,962	CME Group, Inc.		18,395,089
	79,088	Franklin Resources, Inc.		1,808,743
	85,047	Goldman Sachs Group, Inc.		43,291,475
	118,640	Invesco Ltd. ADR ^(a)		2,047,726
	175,534	KKR & Co., Inc.		21,669,672
	9,996	MarketAxess Holdings, Inc.		2,234,406
	330,042	Morgan Stanley		34,063,635
	20,896	MSCI, Inc. Class A		11,299,721
	109,096	NASDAQ OMX Group, Inc.		7,383,617
	49,201	Raymond James Financial, Inc.		5,707,316
	84,422	S&P Global, Inc.		40,921,876
	188,486	The Blackstone Group, Inc.		26,793,285

				278,665,844

	Telecommunications - 0.8%
	275,883	PayPal Holdings, Inc. ^(a)		18,147,584

		TOTAL COMMON STOCKS (Cost $1,399,400,621)	$	1,596,449,335

	SHORT TERM INVESTMENTS - 35.2%
	Money Market Funds - 35.2%
	563,477,496	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	563,477,496
	176,643,851	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		176,643,851
	34,581,838	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		34,581,838
	89,190,880	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		89,190,880

		TOTAL SHORT TERM INVESTMENTS (Cost $863,894,065)	$	863,894,065

		TOTAL INVESTMENTS (Cost $2,263,294,686) - 100.3% ^(c)	$	2,460,343,400
		Liabilities in Excess of Other Assets - (0.3)%		(7,792,688	)

		TOTAL NET ASSETS - 100.0%	$	2,452,550,712

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,062,784,535.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Financial Select Sector Index		6.2200% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		733,694	$	326,009,592	$	60,172,200
Total return of Financial Select Sector Index		6.0700% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		1,955,093		950,291,189		91,445,441
Total return of Financial Select Sector Index		6.1800% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		1,204,928		591,409,320		51,540,995
Total return of Financial Select Sector Index		6.2000% representing 1 month SOFR rate + spread		Societe Generale		12/16/2024		911,605		420,751,288		58,931,589
Total return of Financial Select Sector Index		6.1500% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		485,295		234,182,801		23,936,592
Total return of Financial Select Sector Index		5.8500% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		2,288,505		1,115,549,669		99,032,845
Total return of Financial Select Sector Index		6.1300% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		1,104,459		530,365,222		55,689,181
Total return of Financial Select Sector Index		6.1300% representing 1 month SOFR rate + spread		Barclays		12/23/2024		2,000,491		1,027,892,871		43,745,949

									$	5,196,451,952	$	484,494,792

Direxion Daily Financial Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 122.8%
	Money Market Funds - 122.8%
	50,790,487	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	50,790,487
	30,697,800	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		30,697,800
	53,427,320	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		53,427,320

		TOTAL SHORT TERM INVESTMENTS (Cost $134,915,607) ^(b)	$	134,915,607

		TOTAL INVESTMENTS (Cost $134,915,607) - 122.8%	$	134,915,607
		Liabilities in Excess of Other Assets - (22.8)%		(25,058,278	)

		TOTAL NET ASSETS - 100.0%	$	109,857,329

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $88,656,275.

Short Total Return Swap Contracts (Unaudited)

July 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
5.8300% representing 1 month SOFR rate + spread		Total return of Financial Select Sector Index		Goldman Sachs		12/10/2024		55,682	$	29,708,200	$	(267,949	)
5.9800% representing 1 month SOFR rate + spread		Total return of Financial Select Sector Index		Bank of America Merrill Lynch		12/11/2024		154,292		79,286,501		(3,363,874	)
5.8600% representing 1 month SOFR rate + spread		Total return of Financial Select Sector Index		Societe Generale		12/16/2024		158,000		69,499,460		(13,877,583	)
5.9700% representing 1 month SOFR rate + spread		Total return of Financial Select Sector Index		J.P. Morgan		12/16/2024		200,790		100,533,503		(6,774,668	)
5.5800% representing 1 month SOFR rate + spread		Total return of Financial Select Sector Index		UBS Securities LLC		12/17/2024		42,429		21,351,948		(1,270,241	)

									$	300,379,612	$	(25,554,315	)

Direxion Daily Healthcare Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 78.7%
	Ambulatory Health Care Services - 1.1%
	1,474	DaVita, Inc. ^(a)	$	201,378
	2,402	Labcorp Holdings, Inc.		517,487
	1,670	Molina Healthcare, Inc. ^(a)		569,921
	3,166	Quest Diagnostics, Inc.		450,521
	33,930	Viatris, Inc.		409,196

				2,148,503

	Chemical Manufacturing - 31.3%
	50,320	AbbVie, Inc.		9,325,302
	15,286	Amgen, Inc.		5,082,136
	4,149	Biogen, Inc. ^(a)		884,567
	4,491	Bio-Techne Corp.		366,421
	57,764	Bristol-Myers Squibb Co.		2,747,256
	5,157	Catalent, Inc. ^(a)		306,016
	22,750	Eli Lilly & Co.		18,297,143
	35,502	Gilead Sciences, Inc.		2,700,282
	4,531	Incyte Corp. ^(a)		294,832
	72,175	Merck & Co., Inc.		8,165,158
	161,475	Pfizer, Inc.		4,931,447
	3,022	Regeneron Pharmaceuticals, Inc. ^(a)		3,261,312
	7,353	Vertex Pharmaceuticals, Inc. ^(a)		3,645,029
	13,003	Zoetis, Inc.		2,341,060

				62,347,961

	Computer and Electronic Product Manufacturing - 7.9%
	8,351	Agilent Technologies, Inc.		1,180,831
	581	Bio-Rad Laboratories, Inc. ^(a)		196,587
	18,785	Danaher Corp.		5,204,948
	12,097	GE HealthCare Technologies, Inc.		1,023,769
	6,650	Hologic, Inc. ^(a)		542,707
	3,516	PerkinElmer, Inc.		441,645
	10,877	Thermo Fisher Scientific, Inc.		6,671,299
	1,690	Waters Corp. ^(a)		568,313

				15,830,099

	Health and Personal Care Retailers - 1.1%
	35,773	CVS Health Corp.		2,158,185

	Hospitals - 1.2%
	5,523	HCA Healthcare, Inc.		2,005,125
	1,701	Universal Health Services, Inc. Class B		363,606

				2,368,731

	Insurance Carriers and Related Activities - 12.0%
	15,207	Centene Corp. ^(a)		1,169,722
	8,095	Cigna Corp.		2,822,484
	6,623	Elevance Health, Inc.		3,523,635
	3,434	Humana, Inc.		1,241,769
	26,227	UnitedHealth Group, Inc.		15,110,948

				23,868,558

	Machinery Manufacturing - 0.4%
	609	Mettler-Toledo International, Inc. ^(a)		926,307

	Management of Companies and Enterprises - 2.6%
	49,573	Abbott Laboratories		5,251,764

	Merchant Wholesalers, Durable Goods - 0.1%
	3,649	Henry Schein, Inc. ^(a)		262,509

	Merchant Wholesalers, Nondurable Goods - 2.1%
	6,941	Cardinal Health, Inc.		699,861
	4,717	Cencora, Inc.		1,122,080
	3,704	McKesson Corp.		2,285,442

				4,107,383

	Miscellaneous Manufacturing - 16.6%
	1,995	Align Technology, Inc. ^(a)		462,601
	14,521	Baxter International, Inc.		520,142
	8,236	Becton, Dickinson & Co.		1,985,370
	41,894	Boston Scientific Corp. ^(a)		3,095,129
	11,332	DexCom, Inc. ^(a)		768,536
	17,172	Edwards Lifesciences Corp. ^(a)		1,082,695
	1,996	Insulet Corp. ^(a)		387,923
	10,108	Intuitive Surgical, Inc. ^(a)		4,494,118
	68,581	Johnson & Johnson		10,825,511
	37,838	Medtronic PLC ADR (Ireland)		3,039,148
	4,186	ResMed, Inc.		892,664
	3,937	Solventum Corp. ^(a)		231,810
	2,816	Steris PLC ADR (Ireland)		672,348
	9,661	Stryker Corp.		3,163,494
	1,342	Teleflex, Inc.		296,475
	5,664	The Cooper Companys, Inc. ^(a)		528,621
	5,862	Zimmer Biomet Holdings, Inc.		652,734

				33,099,319

	Plastics and Rubber Products Manufacturing - 0.3%
	2,076	West Pharmaceutical Services, Inc.		635,609

	Professional, Scientific, and Technical Services - 2.0%
	1,468	Charles River Laboratories International, Inc. ^(a)		358,339
	2,353	IDEXX Laboratories, Inc. ^(a)		1,120,311
	5,192	IQVIA Holdings, Inc. ^(a)		1,278,426
	9,501	Moderna, Inc. ^(a)		1,132,709

				3,889,785

		TOTAL COMMON STOCKS (Cost $145,444,531)	$	156,894,713

	SHORT TERM INVESTMENTS - 22.0%
	Money Market Funds - 22.0%
	14,599,212	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	14,599,212
	3,934	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		3,934
	29,179,562	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		29,179,562

		TOTAL SHORT TERM INVESTMENTS (Cost $43,782,708)	$	43,782,708

		TOTAL INVESTMENTS (Cost $189,227,239) - 100.7% ^(c)	$	200,677,421
		Liabilities in Excess of Other Assets - (0.7)%		(1,309,256	)

		TOTAL NET ASSETS - 100.0%	$	199,368,165

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $186,083,244.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Health Care Select Sector Index		6.1800% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		156,398	$	210,543,430	$	20,094,334
Total return of Health Care Select Sector Index		5.9700% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		43,509		59,521,830		4,638,358
Total return of Health Care Select Sector Index		6.0800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		17,902		27,108,771		(79,460	)
Total return of Health Care Select Sector Index		6.0800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		74,183		101,432,173		8,208,056

									$	398,606,204	$	32,861,288

Direxion Daily Homebuilders & Supplies Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 52.4%
	Building Material and Garden Equipment and Supplies Dealers - 4.6%
	36,687	Lowe’s Companies, Inc.	$	9,007,025
	33,550	MasterBrand, Inc. ^(a)		605,577
	23,985	The Home Depot, Inc.		8,830,318

				18,442,920

	Construction of Buildings - 30.7%
	17,011	Beazer Homes USA, Inc. ^(a)		572,760
	16,884	Century Communities, Inc.		1,767,924
	176,872	D.R. Horton, Inc.		31,824,579
	14,206	Dream Finders Home, Inc. ^(a)		448,199
	15,017	Green Brick Partners , Inc. ^(a)		1,098,494
	43,878	KB Home		3,777,018
	7,547	Lennar Corp.		1,244,953
	146,129	Lennar Corp. Class A		25,854,604
	12,232	LGI Homes, Inc. ^(a)		1,407,536
	16,559	M/I Homes, Inc. ^(a)		2,762,538
	21,673	Meritage Homes Corp.		4,396,802
	1,870	NVR, Inc. ^(a)		16,095,988
	125,527	PulteGroup, Inc.		16,569,564
	63,118	Taylor Morrison Home Corp. ^(a)		4,233,955
	62,166	Toll Brothers, Inc.		8,871,710
	56,621	TRI Pointe Group, Inc. ^(a)		2,562,100

				123,488,724

	Furniture and Related Product Manufacturing - 0.1%
	4,185	American Woodmark Corp. ^(a)		427,498

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 0.8%
	10,829	Arhaus, Inc.		164,492
	6,042	Ethan Allen Interiors, Inc.		186,517
	28,269	Floor & Decor Holdings, Inc. Class A ^(a)		2,770,362

				3,121,371

	Machinery Manufacturing - 0.1%
	33,489	Hayward Holdings, Inc. ^(a)		495,302

	Management of Companies and Enterprises - 0.4%
	38,523	AZEK Company, Inc. ^(a)		1,729,298

	Merchant Wholesalers, Durable Goods - 4.3%
	16,799	Beacon Roofing Supply, Inc. ^(a)		1,726,937
	32,247	Builders FirstSource, Inc. ^(a)		5,397,181
	33,042	Fortune Brands Innovations, Inc.		2,670,124
	35,408	Leggett & Platt, Inc.		466,323
	8,471	Lennox International, Inc.		4,942,829
	14,003	Mohawk Industries, Inc. ^(a)		2,255,463

				17,458,857

	Merchant Wholesalers, Nondurable Goods - 2.4%
	27,581	The Sherwin Williams Co.		9,675,415

	Nonmetallic Mineral Product Manufacturing - 1.8%
	9,104	Eagle Materials, Inc.		2,479,019
	22,894	Owens Corning		4,266,984
	8,748	Quanex Building Products Corp.		292,183

				7,038,186

	Professional, Scientific, and Technical Services - 0.5%
	11,141	Simpson Manufacturing Co., Inc.		2,140,075

	Specialty Trade Contractors - 3.2%
	14,010	Installed Building Products, Inc.		3,787,604
	18,873	TopBuild Corp. ^(a)		9,031,485

				12,819,089

	Wood Product Manufacturing - 3.5%
	4,634	Cavco Industries, Inc. ^(a)		1,921,349
	22,713	JELD-WEN Holding, Inc. ^(a)		379,080
	58,183	Masco Corp.		4,529,546
	32,056	Skyline Champion Corp. ^(a)		2,612,885
	28,712	Trex Company, Inc. ^(a)		2,401,185
	16,312	UFP Industries, Inc.		2,152,041

				13,996,086

		TOTAL COMMON STOCKS (Cost $179,578,925)	$	210,832,821

	SHORT TERM INVESTMENTS - 41.4%
	Money Market Funds - 41.4%
	111,092,181	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	111,092,181
	4,010,492	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		4,010,492
	51,194,847	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		51,194,847

		TOTAL SHORT TERM INVESTMENTS (Cost $166,297,520)	$	166,297,520

		TOTAL INVESTMENTS (Cost $345,876,445) - 93.8% ^(c)	$	377,130,341
		Other Assets in Excess of Liabilities - 6.2%		24,923,621

		TOTAL NET ASSETS - 100.0%	$	402,053,962

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $345,459,910.

Long Total Return Swap Contracts (Unaudited)

July 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 U.S. Select Home Construction Index		6.1200% representing 1 month SOFR rate + spread	BNP Paribas	12/4/2024		10,310	$	210,491,161	$	10,845,311
Total return of Dow Jones U.S. Select Home Construction Index		5.8800% representing 1 month SOFR rate + spread	Goldman Sachs	12/10/2024		11,640		200,589,826		44,105,802
Total return of Dow Jones U.S. Select Home Construction Index		6.0300% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch	12/11/2024		6,388		112,485,466		22,738,377
Total return of Dow Jones U.S. Select Home Construction Index		5.8800% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2024		10,864		198,527,465		33,168,617
Total return of Dow Jones U.S. Select Home Construction Index		6.1300% representing 1 month SOFR rate + spread	Barclays	12/23/2024		6,934		131,019,202		17,471,436

							$	853,113,120	$	128,329,543

Direxion Daily Industrials Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 76.4%
	Administrative and Support Services - 7.9%
	575	Allegion PLC ADR (Ireland)	$	78,666
	2,684	Automatic Data Processing, Inc.		704,872
	775	Broadridge Financial Solutions, Inc.		165,850
	811	Equifax, Inc.		226,569
	1,842	Rollins, Inc.		88,250
	13,703	Uber Technologies, Inc. ^(a)		883,433
	2,394	Waste Management, Inc.		485,168

				2,632,808

	Air Transportation - 1.3%
	4,303	American Airlines Group, Inc. ^(a)		45,784
	4,232	Delta Air Lines, Inc.		182,061
	3,925	Southwest Airlines Co.		105,739
	2,157	United Continental Holdings, Inc. ^(a)		97,971

				431,555

	Apparel Manufacturing - 1.3%
	566	Cintas Corp.		432,390

	Building Material and Garden Equipment and Supplies Dealers - 0.3%
	345	Snap-on, Inc.		99,025

	Computer and Electronic Product Manufacturing - 7.7%
	1,519	AMETEK, Inc.		263,516
	2,308	Fortive Corp.		165,830
	1,244	L3Harris Technologies, Inc.		282,251
	912	Northrop Grumman Corp.		441,700
	2,651	Otis Worldwide Corp.		250,520
	8,719	RTX Corp.		1,024,395
	1,441	Veralto Corp.		153,553

				2,581,765

	Couriers and Messengers - 3.2%
	1,485	FedEx Corp.		448,841
	4,784	United Parcel Service, Inc. Class B		623,690

				1,072,531

	Electrical Equipment, Appliance, and Component Manufacturing - 2.7%
	792	A.O. Smith Corp.		67,352
	465	Axon Enterprise, Inc. ^(a)		139,505
	3,752	Emerson Electric Co.		439,397
	398	Generac Holdings, Inc. ^(a)		61,960
	748	Rockwell Automation, Inc.		208,430

				916,644

	Fabricated Metal Product Manufacturing - 0.6%
	1,088	Pentair PLC ADR (Ireland)		95,602
	1,009	Stanley Black & Decker, Inc.		106,571

				202,173

	Machinery Manufacturing - 15.6%
	5,495	Carrier Global Corp.		374,264
	3,208	Caterpillar, Inc.		1,110,610
	897	Cummins, Inc.		261,745
	1,698	Deere & Co.		631,622
	7,178	General Electric Co.		1,221,696
	497	IDEX Corp.		103,615
	2,646	Ingersoll Rand, Inc.		265,658
	356	Nordson Corp.		89,117
	842	Parker Hannifin Corp.		472,497
	1,484	Trane Technologies PLC ADR (Ireland)		496,072
	1,589	Xylem, Inc.		212,131

				5,239,027

	Merchant Wholesalers, Durable Goods - 4.5%
	801	Builders FirstSource, Inc. ^(a)		134,063
	5,738	Copart, Inc. ^(a)		300,270
	3,754	Fastenal Co.		265,595
	352	Hubbell, Inc.		139,269
	259	Huntington Ingalls Industries, Inc.		72,515
	4,418	Johnson Controls International PLC ADR (Ireland)		316,064
	287	W.W. Grainger, Inc.		280,344

				1,508,120

	Merchant Wholesalers, Nondurable Goods - 1.3%
	1,780	Illinois Tool Works, Inc.		440,158

	Miscellaneous Manufacturing - 2.2%
	3,630	3M Co.		463,007
	901	Dover Corp.		166,018
	1,251	Textron, Inc.		116,218

				745,243

	National Security and International Affairs - 0.4%
	887	Leidos Holdings, Inc.		128,083

	Primary Metal Manufacturing - 0.7%
	2,543	Howmet Aerospace, Inc.		243,365

	Professional, Scientific, and Technical Services - 4.4%
	2,621	Eaton Corporation PLC ADR (Ireland)		798,855
	821	Jacobs Solutions, Inc.		120,153
	2,100	Paychex, Inc.		268,842
	315	Paycom Software, Inc.		52,539
	936	Verisk Analytics, Inc. Class A		244,998

				1,485,387

	Publishing Industries - 0.2%
	1,036	Dayforce, Inc. ^(a)		61,414

	Rail Transportation - 4.3%
	12,822	CSX Corp.		450,052
	4,001	Union Pacific Corp.		987,167

				1,437,219

	Rental and Leasing Services - 1.0%
	436	United Rentals, Inc.		330,096

	Specialty Trade Contractors - 0.8%
	959	Quanta Services, Inc.		254,499

	Support Activities for Transportation - 1.9%
	768	C.H. Robinson Worldwide, Inc.		68,391
	926	Expeditors International of Washington, Inc.		115,583
	535	J.B. Hunt Transport Services, Inc.		92,635
	1,481	Norfolk Southern Corp.		369,598

				646,207

	Transportation Equipment Manufacturing - 11.3%
	3,784	Boeing Co. ^(a)		721,231
	1,490	General Dynamics Corp.		445,078
	4,271	Honeywell International, Inc.		874,487
	1,401	Lockheed Martin Corp.		759,230
	3,438	Paccar, Inc.		339,193


368	TransDigm Group, Inc.		476,273
1,156	Wabtec Corp.		186,289

			3,801,781

Truck Transportation - 0.7%
1,168	Old Dominion Freight Line, Inc.		245,490

Utilities - 1.0%
1,797	GE Vernova, Inc. ^(a)		320,297

Waste Management and Remediation Services - 0.8%
1,342	Republic Services, Inc.		260,777

Wood Product Manufacturing - 0.3%
1,444	Masco Corp.		112,416

	TOTAL COMMON STOCKS (Cost $24,862,272)	$	25,628,470

SHORT TERM INVESTMENTS - 20.9%
Money Market Funds - 20.9%
4,738,533	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	4,738,533
170,011	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		170,011
2,100,338	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		2,100,338

	TOTAL SHORT TERM INVESTMENTS (Cost $7,008,882)	$	7,008,882

	TOTAL INVESTMENTS (Cost $31,871,154) - 97.3% ^(c)	$	32,637,352
	Other Assets in Excess of Liabilities - 2.7%		913,880

	TOTAL NET ASSETS - 100.0%	$	33,551,232

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $27,898,819.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Industrials Select Sector Index		6.0800% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		14,270	$	17,013,705	$	1,119,521
Total return of Industrials Select Sector Index		5.9800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		11,950		14,213,956		964,779
Total return of Industrials Select Sector Index		6.0800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		31,971		35,982,612		4,250,596

									$	67,210,273	$	6,334,896

Direxion Daily Pharmaceutical & Medical Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 71.8%
	Administrative and Support Services - 2.7%
	16,536	Royalty Pharma PLC ADR (United Kingdom)	$	465,819

	Ambulatory Health Care Services - 6.6%
	6,047	Axsome Therapeutics, Inc. ^(a)		527,964
	9,529	Fulcrum Therapeutics, Inc. ^(a)		88,429
	43,775	Viatris, Inc.		527,926

				1,144,319

	Chemical Manufacturing - 50.5%
	6,360	Amphastar Pharmaceuticals, Inc. ^(a)		276,787
	2,620	ANI Pharmaceuticals, Inc. ^(a)		172,186
	10,806	Bristol-Myers Squibb Co.		513,933
	12,427	Cassava Sciences, Inc. ^(a)(b)		276,128
	8,026	Catalent, Inc. ^(a)		476,263
	6,962	Collegium Pharmaceutical, Inc. ^(a)		268,524
	12,633	Corcept Therapeutics, Inc.^(a)		488,518
	9,799	Edgewise Therapeutics, Inc. ^(a)		166,877
	24,691	Elanco Animal Health, Inc. ^(a)		321,971
	507	Eli Lilly & Co.		407,765
	3,599	Enliven Therapeutics, Inc. ^(a)		94,942
	10,720	Evolus, Inc. ^(a)		133,142
	5,896	Harmony Biosciences Holdings, Inc. ^(a)		199,639
	8,568	Innoviva, Inc. ^(a)		161,421
	6,569	Intra-Cellular Therapies, Inc. ^(a)		517,112
	3,943	Jazz Pharmaceuticals PLC ADR (Ireland) ^(a)		434,716
	2,302	Ligand Pharmaceuticals, Inc. ^(a)		250,895
	3,439	Merck & Co., Inc.		389,054
	39,434	Ocular Therapeutix, Inc. ^(a)		333,612
	21,823	Organon & Co.		477,051
	8,196	Pacira BioSciences, Inc. ^(a)		169,247
	16,581	Perrigo Co. PLC ADR (Ireland)		468,745
	16,171	Pfizer, Inc.		493,862
	6,462	Pliant Therapeutics, Inc. ^(a)		92,471
	4,049	Prestige Consumer Healthcare, Inc. ^(a)		286,710
	8,405	Supernus Pharmaceuticals, Inc. ^(a)		250,637
	8,935	Wave Life Sciences Ltd. ADR ^(a)		59,060
	21,567	Xeris Biopharma Holdings, Inc. ^(a)		53,486
	2,611	Zoetis, Inc.		470,085

				8,704,839

	Merchant Wholesalers, Nondurable Goods - 2.0%
	19,040	Amneal Pharmaceuticals, Inc. ^(a)		139,563
	8,259	Tarsus Pharmaceuticals, Inc. ^(a)		200,611

				340,174

	Miscellaneous Manufacturing - 3.5%
	11,607	EyePoint Pharmaceuticals, Inc. ^(a)		114,677
	3,059	Johnson & Johnson		482,863

				597,540

	Professional, Scientific, and Technical Services - 5.1%
	14,438	Arvinas, Inc. ^(a)		397,189
	4,338	Harrow, Inc. ^(a)(b)		111,834
	13,073	Liquidia Corp. ^(a)		155,961
	6,387	Longboard Pharmaceuticals, Inc. ^(a)		212,304

				877,288

	Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.4%
	17,852	Nuvation Bio, Inc. ^(a)		68,373

	Support Activities for Mining - 1.0%
	19,098	Mind Medicine MindMed, Inc. ADR ^(a)(b)		176,848

		TOTAL COMMON STOCKS (Cost $11,637,849)	$	12,375,200

	SHORT TERM INVESTMENTS - 29.4%
	Money Market Funds - 29.4%
	2,931,480	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	2,931,480
	1,450,595	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(c)		1,450,595
	677,913	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		677,913

		TOTAL SHORT TERM INVESTMENTS (Cost $5,059,988)	$	5,059,988

		TOTAL INVESTMENTS (Cost $16,697,837) - 101.2% ^(e)	$	17,435,188
		Liabilities in Excess of Other Assets - (1.2)%		(208,930	)

		TOTAL NET ASSETS - 100.0%	$	17,226,258

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $14,506,726.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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	5.9700% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		3,408	$	15,663,767	$	946,870
Total return of S&P Pharmaceuticals Select Industry Index	5.9800% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2024		2,066		9,720,555		385,335
Total return of S&P Pharmaceuticals Select Industry Index	5.9800% representing 1 month SOFR rate + spread	Barclays		12/23/2024		2,431		11,496,450		534,468

							$	36,880,772	$	1,866,673

Direxion Daily Real Estate Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 66.9%
	Accommodation - 0.8%
	39,815	Host Hotels & Resorts, Inc.	$	697,161

	Administrative and Support Services - 1.9%
	16,554	Iron Mountain, Inc.		1,697,778

	Professional, Scientific, and Technical Services - 2.2%
	11,957	Extra Space Storage, Inc.		1,908,576

	Real Estate - 53.8%
	8,889	Alexandria Real Estate Equities, Inc.		1,042,591
	26,372	American Tower Corp.		5,812,389
	8,020	AvalonBay Communities, Inc.		1,643,459
	8,162	BXP, Inc.		582,032
	6,016	Camden Property Trust		666,272
	17,034	CBRE Group, Inc. Class A ^(a)		1,919,902
	24,539	Crown Castle, Inc.		2,701,253
	18,327	Digital Realty Trust, Inc.		2,739,703
	19,477	Equity Residential		1,356,184
	3,627	Essex Property Trust, Inc.		1,009,612
	4,216	Federal Realty Investment Trust		470,716
	39,746	Healthpeak Properties, Inc.		867,258
	32,516	Invitation Homes, Inc.		1,146,839
	37,690	Kimco Realty Corp.		819,004
	6,599	Mid-America Apartment Communities, Inc.		922,342
	52,288	Prologis, Inc.		6,590,902
	8,933	Public Storage		2,643,453
	49,177	Realty Income Corp.		2,824,235
	9,288	Regency Centers Corp.		625,454
	18,407	Simon Property Group, Inc.		2,824,370
	17,110	UDR, Inc.		685,598
	22,858	Ventas, Inc.		1,244,390
	58,913	VICI Properties, Inc.		1,841,620
	33,768	Welltower, Inc.		3,756,690
	41,171	Weyerhaeuser Co.		1,307,591

				48,043,859

	Telecommunications - 6.2%
	5,359	Equinix, Inc.		4,234,896
	6,068	SBA Communications Corp.		1,332,169

				5,567,065

	Web Search Portals, Libraries, Archives, and Other Information Services - 2.0%
	23,062	CoStar Group, Inc. ^(a)		1,799,297

		TOTAL COMMON STOCKS (Cost $55,251,834)	$	59,713,736

	SHORT TERM INVESTMENTS - 33.8%
	Money Market Funds - 33.8%
	13,818,012	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	13,818,012
	16,357,333	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		16,357,333

		TOTAL SHORT TERM INVESTMENTS (Cost $30,175,345)	$	30,175,345

		TOTAL INVESTMENTS (Cost $85,427,179) - 100.7% ^(c)	$	89,889,081
		Liabilities in Excess of Other Assets - (0.7)%		(608,033	)

		TOTAL NET ASSETS - 100.0%	$	89,281,048

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $76,709,995.

Long Total Return Swap Contracts (Unaudited)

July 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 Real Estate Select Sector Index	5.5600% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		500,448	$	92,332,640	$	8,488,136
Total return of Real Estate Select Sector Index	5.4800% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		88,014		17,580,672		195,082
Total return of Real Estate Select Sector Index	6.1100% representing 1 month SOFR rate + spread	J.P. Morgan		1/13/2025		441,169		82,812,178		5,581,729

							$	192,725,490	$	14,264,947

Direxion Daily Real Estate Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 107.2%
	Money Market Funds - 107.2%
	33,048,504	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	33,048,504
	45,650,296	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		45,650,296

		TOTAL SHORT TERM INVESTMENTS (Cost $78,698,800) ^(b)	$	78,698,800

		TOTAL INVESTMENTS (Cost $78,698,800) - 107.2%	$	78,698,800
		Liabilities in Excess of Other Assets - (7.2)%		(5,278,115	)

		TOTAL NET ASSETS - 100.0%	$	73,420,685

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $49,976,221.

Short Total Return Swap Contracts (Unaudited)

July 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
5.3600% representing 1 month SOFR rate + spread	Total return of Real Estate Select Sector Index	Bank of America Merrill Lynch		12/11/2024		97,834	$	18,995,258	$	(547,035	)
5.1300% representing 1 month SOFR rate + spread	Total return of Real Estate Select Sector Index	UBS Securities LLC		12/17/2024		132,934		26,450,375		(388,154	)
5.8400% representing 1 month SOFR rate + spread	Total return of Real Estate Select Sector Index	J.P. Morgan		1/13/2025		858,891		167,098,281		(4,666,905	)

							$	212,543,914	$	(5,602,094	)

Direxion Daily Regional Banks Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 80.0%
	Credit Intermediation and Related Activities - 70.4%
	19,462	1st Source Corp.	$	1,236,810
	39,327	Amalgamated Financial Corp.		1,250,992
	27,558	Amerant Bancorp, Inc.		619,779
	102,911	Ameris Bancorp		6,266,251
	413,788	Associated Banc-Corp		9,508,848
	123,238	Atlantic Union Bankshares Corp.		5,088,497
	167,860	Axos Financial, Inc. ^(a)		12,255,459
	21,675	BancFirst Corp.		2,328,545
	89,794	Bank of Hawaii Corp.		6,158,970
	361,201	Bank OZK		16,936,715
	249,999	BankUnited, Inc.		9,629,962
	60,183	Banner Corp.		3,564,037
	79,311	Berkshire Hills Bancorp, Inc.		2,188,984
	48,709	BOK Financial Corp.		5,009,234
	139,587	Brookline Bancorp, Inc.		1,464,268
	379,259	Cadence Bank		12,466,243
	14,241	Camden National Corp.		593,565
	293,478	Capitol Federal Financial, Inc.		1,854,781
	117,555	Cathay General Bancorp		5,210,038
	401,265	Citizens Financial Group, Inc.		17,121,978
	18,992	City Holding Co.		2,315,125
	16,949	Coastal Financial Corp. ^(a)		893,212
	743,005	Columbia Banking System, Inc.		19,437,011
	147,261	Commerce Bancshares, Inc.		9,529,259
	91,777	Community Bank System, Inc.		5,660,805
	15,006	Community Trust Bancorp, Inc.		761,104
	51,884	ConnectOne Bancorp, Inc.		1,256,630
	106,903	Customers Bancorp, Inc. ^(a)		6,893,105
	257,786	CVB Financial Corp.		4,913,401
	66,982	Dime Community Bancshares, Inc.		1,693,305
	125,457	Eagle Bancorp, Inc.		2,699,835
	196,963	East West Bancorp, Inc.		17,311,078
	275,487	Eastern Bankshares, Inc.		4,584,104
	39,931	Enterprise Financial Services Corp.		2,111,152
	730,341	F.N.B. Corp.		11,203,431
	40,868	FB Financial Corp.		1,908,127
	47,619	First Bancorp		1,990,474
	297,311	First BanCorp ADR		6,377,321
	58,497	First Bancshares, Inc.		1,949,120
	51,955	First Busey Corp.		1,425,645
	153,264	First Commonwealth Financial Corp.		2,771,013
	115,450	First Financial Bancorp		3,158,712
	161,432	First Financial Bankshares, Inc.		6,208,675
	15,174	First Financial Corp.		682,223
	228,000	First Hawaiian, Inc.		5,709,120
	958,043	First Horizon National Corp.		16,028,059
	87,790	First Merchants Corp.		3,542,327
	58,784	Flushing Financial Corp.		865,888
	422,849	Fulton Financial Corp.		8,190,585
	9,454	Great Southern Bancorp, Inc.		591,915
	166,751	Hancock Whitney Corp.		9,126,282
	67,373	Hanmi Financial Corp. Class A		1,374,409
	47,107	HarborOne Bancorp, Inc.		628,878
	81,247	Heartland Financial USA, Inc.		4,429,586
	121,338	Heritage Commerce Corp.		1,255,848
	58,973	Heritage Financial Corp.		1,366,404
	86,383	Hilltop Holdings, Inc.		2,849,775
	207,099	Hope Bancorp, Inc.		2,725,423
	48,285	Horizon Bancorp, Inc.		771,111
	1,105,202	Huntington Bancshares, Inc.		16,522,770
	90,020	Independent Bank Corp. (Massachusetts)		5,774,783
	22,379	Independent Bank Corp. (Michigan)		776,328
	82,870	Independent Bank Group, Inc.		4,894,302
	74,831	International Bancshares Corp.		5,046,603
	161,846	Kearny Financial Corp.		1,165,291
	34,167	Lakeland Financial Corp.		2,341,465
	51,856	Live Oak Bancshares, Inc.		2,340,780
	96,157	M&T Bank Corp.		16,555,351
	23,252	Mercantile Bank Corp.		1,124,467
	55,126	Meta Financial Group, Inc.		3,723,210
	19,634	Midland States Bancorp, Inc.		466,111
	57,687	NBT Bancorp, Inc.		2,827,817
	1,494,133	New York Community Bancorp, Inc. ^(b)		15,718,279
	10,699	Nicolet Bankshares, Inc.		1,075,891
	95,150	OceanFirst Financial Corp.		1,728,876
	71,766	OFG Bancorp ADR		3,259,612
	601,105	Old National Bancorp		12,034,122
	60,477	Old Second Bancorp, Inc.		1,023,271
	36,533	Origin Bancorp, Inc.		1,255,274
	187,180	Pacific Premier Bancorp, Inc.		5,065,091
	14,493	Park National Corp.		2,564,681
	32,940	Peapack-Gladstone Financial Corp.		930,884
	37,073	Peoples Bancorp, Inc.		1,233,419
	140,608	Pinnacle Financial Partners, Inc.		13,543,363
	123,782	Popular, Inc. ADR		12,703,747
	27,938	Preferred Bank		2,404,344
	47,622	Premier Financial Corp.		1,206,741
	180,124	Prosperity Bancshares, Inc.		13,062,592
	349,153	Provident Financial Services, Inc.		6,473,297
	733,052	Regions Financial Corp.		16,398,373
	72,987	Renasant Corp.		2,510,023
	49,739	S&T Bancorp, Inc.		2,207,417
	102,969	Sandy Spring Bancorp, Inc.		3,153,940
	138,489	Seacoast Banking Corp. of Florida		3,855,534
	160,024	Simmons First National Corp.		3,445,317
	37,820	Southside Bancshares, Inc.		1,323,322
	52,770	Stellar Bancorp, Inc.		1,445,898
	373,740	Synovus Financial Corp.		17,472,345
	139,919	Texas Capital Bancshares, Inc. ^(a)		9,248,646
	87,627	TFS Financial Corp.		1,188,222
	228,486	The Bancorp, Inc. ^(a)		11,844,714
	18,768	Tompkins Financial Corp.		1,181,258
	89,286	Towne Bank		2,967,867
	36,522	TriCo Bancshares		1,699,369
	50,780	Triumph Financial, Inc. ^(a)		4,607,269
	386,094	Truist Financial Corp.		17,254,541
	23,665	TrustCo Bank Corp. NY		842,711
	87,073	Trustmark Corp.		3,024,045
	85,825	UMB Financial Corp.		8,755,867
	168,519	United Bankshares, Inc.		6,560,445
	184,647	United Community Banks, Inc.		5,714,825


28,573	Univest Financial Corp.		790,043
2,096,830	Valley National Bancorp		17,613,372
142,335	WaFd, Inc.		5,065,703
29,725	Washington Trust Bancorp, Inc.		951,497
344,886	Webster Financial Corp.		17,113,243
66,020	WesBanco, Inc.		2,104,718
42,945	Westamerica Bancorp		2,317,312
233,416	Western Alliance Bancorp		18,780,651
118,676	Wintrust Financial Corp.		12,840,743
81,744	WSFS Financial Corp.		4,617,719
335,493	Zions Bancorp		17,334,923

			683,018,067

Management of Companies and Enterprises - 9.4%
782,206	Banc of California, Inc.		10,935,240
31,602	Byline Bancorp, Inc.		886,436
55,740	Central Pacific Financial Corp.		1,454,257
30,088	Colmombia Financial, Inc. ^(a)		541,885
136,287	Cullen/Frost Bankers, Inc.		15,953,756
175,682	First Foundation, Inc.		1,229,774
249,556	First Interstate BancSystem, Inc.		7,878,483
192,779	Glacier Bancorp, Inc.		8,619,149
317,992	Home Bancshares, Inc.		9,008,713
29,694	Metropolitan Bank Holding Corp. ^(a)		1,565,765
52,114	National Bank Holdings Corp.		2,182,534
88,250	NB Bancorp, Inc. ^(a)		1,687,340
253,646	Northwest Bancshares, Inc.		3,561,190
56,030	ServisFirst Bancshares, Inc.		4,495,847
165,649	South State Corp.		16,394,281
26,149	Stock Yards Bancorp, Inc.		1,626,991
131,079	Veritex Holdings, Inc.		3,286,151

			91,307,792

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 0.2%
49,101	CrossFirst Bankshares, Inc. ^(a)		910,332
17,206	QCR Holdings, Inc.		1,315,227

			2,225,559

	TOTAL COMMON STOCKS (Cost $690,527,143)	$	776,551,418

SHORT TERM INVESTMENTS - 21.0%
Money Market Funds - 21.0%
47,925,026	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	47,925,026
16,879,318	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(c)		16,879,318
11,614,292	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(c)		11,614,292
127,657,043	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		127,657,043

	TOTAL SHORT TERM INVESTMENTS (Cost $204,075,679)	$	204,075,679

	TOTAL INVESTMENTS (Cost $894,602,822) - 101.0% ^(e)	$	980,627,097
	Liabilities in Excess of Other Assets - (1.0)%		(10,095,249	)

	TOTAL NET ASSETS - 100.0%	$	970,531,848

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $940,958,596.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Regional Banks Select Industry Index	5.8800% representing 1 month SOFR rate + spread	Goldman Sachs		12/10/2024		200,000	$	297,592,979	$	64,230,052
Total return of S&P Regional Banks Select Industry Index	6.1800% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		188,537		293,261,020		47,848,689
Total return of S&P Regional Banks Select Industry Index	6.1800% representing 1 month SOFR rate + spread	Societe Generale		12/16/2024		65,000		112,017,325		5,414,032
Total return of S&P Regional Banks Select Industry Index	6.0300% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		144,349		242,732,886		19,782,316
Total return of S&P Regional Banks Select Industry Index	5.8700% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		138,442		207,263,403		44,836,131
Total return of S&P Regional Banks Select Industry Index	6.0800% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2024		230,000		338,010,035		81,160,229
Total return of S&P Regional Banks Select Industry Index	6.1300% representing 1 month SOFR rate + spread	Barclays		12/23/2024		200,000		299,417,180		65,186,770

							$	1,790,294,828	$	328,458,219

Direxion Daily Retail Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 64.8%
	Administrative and Support Services - 1.0%
	25,886	Revolve Group, Inc. ^(a)	$	500,894

	Building Material and Garden Equipment and Supplies Dealers - 0.8%
	1,556	Tractor Supply Co.		409,726

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 15.7%
	2,344	Abercrombie & Fitch Co. Class A ^(a)		345,693
	8,416	Academy Sports & Outdoors, Inc.		455,053
	21,213	American Eagle Outfitters, Inc.		467,747
	10,078	Bath & Body Works, Inc.		370,366
	3,445	Boot Barn Holdings, Inc. ^(a)		459,839
	12,720	Caleres, Inc.		490,483
	44,100	Designer Brands, Inc.		359,856
	18,079	Foot Locker, Inc.		525,376
	17,444	Gap, Inc.		409,585
	6,173	Genesco, Inc. ^(a)		190,313
	20,701	Guess?, Inc. ^(b)		497,859
	20,711	Nordstrom, Inc.		472,832
	2,988	Ross Stores, Inc.		427,971
	7,766	Shoe Carnival, Inc.		329,822
	4,998	Signet Jewelers Ltd. ADR		420,482
	12,277	The Buckle, Inc.		530,244
	4,018	TJX Companies, Inc.		454,114
	10,174	Urban Outfitters, Inc. ^(a)		468,513
	24,601	Victoria’s Secret & Co. ^(a)		436,668

				8,112,816

	Food and Beverage Retailers - 4.9%
	21,783	Albertsons Companies, Inc. Class A		431,957
	21,110	Grocery Outlet Holding Corp. ^(a)		412,912
	3,843	Ingles Markets, Inc.		311,475
	8,651	Kroger Co.		471,479
	5,768	Sprouts Farmers Market, Inc. ^(a)		576,166
	4,280	Weis Markets, Inc.		322,926

				2,526,915

	Food Services and Drinking Places - 0.9%
	1,172	Casey’s General Stores, Inc.		454,548

	Furniture, Home Furnishings, Electronics, and Appliance Retailers - 1.5%
	4,996	Best Buy Co., Inc.		432,254
	15,188	GameStop Corp. Class A ^(a)		344,312

				776,566

	General Merchandise Retailers - 13.7%
	2,372	Amazon.com, Inc. ^(a)		443,517
	5,025	BJ’s Wholesale Club Holdings, Inc. ^(a)		441,999
	1,913	Burlington Stores, Inc. ^(a)		497,992
	510	Costco Wholesale Corp.		419,220
	1,049	Dillard’s, Inc. Class A		418,121
	3,465	Dollar General Corp.		417,151
	4,110	Dollar Tree, Inc. ^(a)		428,837
	8,363	eBay, Inc.		465,066
	7,406	Etsy, Inc. ^(a)		482,427
	3,864	Five Below, Inc. ^(a)		281,067
	20,201	Kohl’s Corp.		437,554
	23,744	Macy’s, Inc.		410,296
	5,537	PriceSmart, Inc.		505,694
	3,089	Target Corp.		464,617
	6,507	Walmart, Inc.		446,641
	1,195	Winmark Corp.		472,790

				7,032,989

	Health and Personal Care Retailers - 3.2%
	41,998	Sally Beauty Holdings, Inc. ^(a)		480,877
	1,115	Ulta Beauty, Inc. ^(a)		406,852
	28,033	Walgreens Boots Alliance, Inc.		332,752
	26,893	Warby Parker, Inc. ^(a)		442,928

				1,663,409

	Merchant Wholesalers, Durable Goods - 0.5%
	3,521	America’s Car-Mart, Inc. ^(a)		243,829

	Miscellaneous Manufacturing - 0.9%
	32,459	National Vision Holdings, Inc. ^(a)		469,357

	Motor Vehicle and Parts Dealers - 11.4%
	6,874	Advance Auto Parts, Inc.		435,330
	1,897	Asbury Automotive Group, Inc. ^(a)		510,710
	2,659	AutoNation, Inc. ^(a)		507,125
	154	AutoZone, Inc. ^(a)		482,588
	6,234	CarMax, Inc. ^(a)		526,399
	4,230	Carvana Co. ^(a)		563,563
	1,434	Group 1 Automotive, Inc.		524,443
	11,333	MarineMax, Inc. ^(a)		395,182
	927	Murphy USA, Inc.		468,061
	434	O’Reilly Automotive, Inc. ^(a)		488,832
	3,012	Penske Automotive Group, Inc.		524,419
	7,758	Sonic Automotive, Inc.		461,911

				5,888,563

	Printing and Related Support Activities - 0.2%
	16,613	Arko Corp.		108,815

	Professional, Scientific, and Technical Services - 0.5%
	19,141	Groupon, Inc. ^(a)(b)		254,958

	Rental and Leasing Services - 1.0%
	13,952	Upbound Group, Inc.		526,409

	Repair and Maintenance - 1.0%
	10,577	Valvoline, Inc. ^(a)		491,831

	Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers - 6.7%
	24,285	Camping World Holdings, Inc.		555,641
	19,689	Chewy, Inc. ^(a)		476,080
	2,017	Dick’s Sporting Goods, Inc.		436,378
	95,390	Leslie’s, Inc. ^(a)		281,400
	17,999	Monro Muffler Brake, Inc.		554,729
	4,972	Ollie’s Bargain Outlet Holdings, Inc. ^(a)		485,466
	18,040	Savers Value Village, Inc. ^(a)		183,828
	11,407	The ODP Corp. ^(a)		481,946

				3,455,468

	Truck Transportation - 0.9%
	1,732	Lithia Motors, Inc. Class A		478,604

		TOTAL COMMON STOCKS (Cost $31,286,622)	$	33,395,697

	SHORT TERM INVESTMENTS - 33.9%
	Money Market Funds - 33.9%


14,160,756	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	14,160,756
660,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(c)		660,000
2,623,834	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		2,623,834

	TOTAL SHORT TERM INVESTMENTS (Cost $17,444,590)	$	17,444,590

	TOTAL INVESTMENTS (Cost $48,731,212) - 98.7% ^(e)	$	50,840,287
	Other Assets in Excess of Liabilities - 1.3%		690,204

	TOTAL NET ASSETS - 100.0%	$	51,530,491

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $41,238,207.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Retail Select Industry^® Index		5.8300% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		5,547	$	39,450,375	$	5,553,555
Total return of S&P Retail Select Industry^® Index		5.9200% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		5,472		42,919,857		2,192,866
Total return of S&P Retail Select Industry^® Index		5.9300% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		2,918		21,822,524		1,810,370
Total return of S&P Retail Select Industry^® Index		5.9800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		642		5,170,515		138,806

									$	109,363,271	$	9,695,597

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 82.0%
	Accommodation - 1.6%
	2,593	Airbnb, Inc. ^(a)	$	361,879
	9,099	MGM Resorts International ^(a)		390,984

				752,863

	Administrative and Support Services - 2.4%
	1,483	Equifax, Inc.		414,306
	2,242	Royal Caribbean Cruises Ltd. ADR (Liberia) ^(a)		351,366
	5,463	Uber Technologies, Inc. ^(a)		352,199

				1,117,871

	Air Transportation - 0.5%
	23,048	American Airlines Group, Inc. ^(a)		245,231

	Broadcasting and Content Providers - 1.6%
	28,440	Paramount Global Class B		324,785
	50,205	Warner Bros Discovery, Inc. ^(a)		434,273

				759,058

	Chemical Manufacturing - 1.3%
	3,725	Albemarle Corp.		348,921
	1,943	Celanese Corp.		274,254

				623,175

	Clothing, Clothing Accessories, Shoe, and Jewelry Retailers - 0.5%
	907	Lululemon Athletica, Inc. ^(a)		234,605

	Computer and Electronic Product Manufacturing - 23.7%
	3,596	Advanced Micro Devices, Inc. ^(a)		519,550
	1,838	Alphabet, Inc. Class C		318,250
	1,625	Analog Devices, Inc.		375,993
	1,560	Arista Networks, Inc. ^(a)		540,618
	3,553	Broadcom, Inc.		570,896
	4,656	Enphase Energy, Inc. ^(a)		535,952
	1,876	First Solar, Inc. ^(a)		405,197
	5,410	Fortinet, Inc. ^(a)		313,996
	10,271	Intel Corp.		315,731
	3,137	Jabil Circuit, Inc.		353,446
	4,604	Microchip Technology, Inc.		408,743
	3,021	Micron Technology, Inc.		331,766
	759	Monolithic Power Systems, Inc.		655,085
	6,374	NVIDIA Corp.		745,886
	1,546	NXP Semiconductors NV ADR (Netherlands)		406,845
	6,223	ON Semiconductor Corp. ^(a)		486,950
	1,044	Palto Alto Networks, Inc. ^(a)		339,018
	3,616	Qorvo, Inc. ^(a)		433,197
	1,980	Qualcomm, Inc.		358,281
	3,937	Skyworks Solutions, Inc.		447,322
	985	Super Micro Computer, Inc. ^(a)		691,125
	3,962	Teradyne, Inc.		519,656
	1,662	Texas Instruments, Inc.		338,732
	4,803	Western Digital Corp. ^(a)		322,041
	1,246	Zebra Technologies Corp. Class A ^(a)		437,583

				11,171,859

	Construction of Buildings - 2.4%
	2,105	D.R. Horton, Inc.		378,752
	2,102	Lennar Corp. Class A		371,907
	2,881	PulteGroup, Inc.		380,292

				1,130,951

	Credit Intermediation and Related Activities - 5.8%
	10,605	Citizens Financial Group, Inc.		452,515
	8,173	Fifth Third Bancorp		346,045
	21,925	Huntington Bancshares, Inc.		327,779
	26,033	KeyCorp		419,912
	16,556	Regions Financial Corp.		370,358
	9,687	Truist Financial Corp.		432,912
	8,239	U.S. Bancorp		369,766

				2,719,287

	Electrical Equipment, Appliance, and Component Manufacturing - 1.7%
	3,046	Generac Holdings, Inc. ^(a)		474,201
	1,206	Rockwell Automation, Inc.		336,052

				810,253

	Fabricated Metal Product Manufacturing - 0.8%
	3,600	Stanley Black & Decker, Inc.		380,232

	Funds, Trusts, and Other Financial Vehicles - 0.7%
	3,087	T. Rowe Price Group, Inc.		352,566

	General Merchandise Retailers - 1.5%
	1,931	Amazon.com, Inc. ^(a)		361,059
	5,681	Etsy, Inc. ^(a)		370,060

				731,119

	Machinery Manufacturing - 3.8%
	2,010	Applied Materials, Inc.		426,522
	4,839	Carrier Global Corp.		329,584
	915	Caterpillar, Inc.		316,773
	468	Lam Research Corp.		431,141
	552	Parker Hannifin Corp.		309,760

				1,813,780

	Management of Companies and Enterprises - 1.0%
	24,539	Norwegian Cruise Line Holdings Ltd. ADR ^(a)		452,254

	Merchant Wholesalers, Durable Goods - 3.1%
	2,803	Builders FirstSource, Inc. ^(a)		469,138
	607	KLA-Tencor Corp.		499,604
	2,932	Mohawk Industries, Inc. ^(a)		472,257

				1,440,999

	Mining (except Oil and Gas) - 0.7%
	7,117	Freeport-McMoRan Copper & Gold, Inc.		323,183

	Miscellaneous Manufacturing - 2.1%
	1,668	Align Technology, Inc. ^(a)		386,776
	2,539	Estee Lauder Companies, Inc. Class A		252,910
	807	Intuitive Surgical, Inc. ^(a)		358,800

				998,486

	Motor Vehicle and Parts Dealers - 0.9%
	4,806	CarMax, Inc. ^(a)		405,819

	Performing Arts, Spectator Sports, and Related Industries - 1.2%
	13,902	Caesars Entertainment Inc. ^(a)		555,385

	Professional, Scientific, and Technical Services - 6.0%
	1,417	Charles River Laboratories International, Inc. ^(a)		345,890


1,388	EPAM Systems, Inc. ^(a)		298,600
697	IDEXX Laboratories, Inc. ^(a)		331,856
1,379	IQVIA Holdings, Inc. ^(a)		339,551
850	Meta Platforms, Inc.		403,605
2,727	Oracle Corp.		380,280
1,883	Paycom Software, Inc.		314,066
523	ServiceNow, Inc. ^(a)		425,926

			2,839,774

Publishing Industries - 6.2%
821	Adobe, Inc. ^(a)		452,905
978	Ansys, Inc. ^(a)		306,730
1,625	Autodesk, Inc. ^(a)		402,220
1,310	Cadence Design Systems, Inc. ^(a)		350,634
6,231	Dayforce, Inc. ^(a)		369,374
562	Intuit, Inc.		363,811
1,142	Salesforce, Inc.		295,550
664	Synopsys, Inc. ^(a)		370,724

			2,911,948

Real Estate - 2.3%
2,687	Alexandria Real Estate Equities, Inc.		315,158
6,305	BXP, Inc.		449,609
2,191	Digital Realty Trust, Inc.		327,533

			1,092,300

Rental and Leasing Services - 1.1%
674	United Rentals, Inc.		510,285

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 2.5%
13,747	Franklin Resources, Inc.		314,394
22,395	Invesco Ltd. ADR ^(a)		386,538
3,302	The Blackstone Group, Inc.		469,379

			1,170,311

Specialty Trade Contractors - 0.7%
1,263	Quanta Services, Inc.		335,175

Support Activities for Transportation - 0.8%
2,989	Expedia, Inc. ^(a)		381,606

Telecommunications - 0.8%
6,047	PayPal Holdings, Inc. ^(a)		397,772

Transportation Equipment Manufacturing - 2.5%
3,980	Aptiv PLC ADR (United Kingdom) ^(a)		276,172
25,909	Ford Motor Co.		280,336
2,672	Tesla, Inc. ^(a)		620,091

			1,176,599

Utilities - 0.6%
16,228	AES Corp.		288,696

Water Transportation - 1.2%
33,480	Carnival Corp. ADR (Panama) ^(a)		557,776

	TOTAL COMMON STOCKS (Cost $37,621,895)	$	38,681,218

SHORT TERM INVESTMENTS - 13.0%
Money Market Funds - 13.0%
3,763,559	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	3,763,559
2,352,695	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		2,352,695

	TOTAL SHORT TERM INVESTMENTS (Cost $6,116,254)	$	6,116,254

	TOTAL INVESTMENTS (Cost $43,738,149) - 95.0% ^(c)	$	44,797,472
	Other Assets in Excess of Liabilities - 5.0%		2,370,730

	TOTAL NET ASSETS - 100.0%	$	47,168,202

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $41,094,542.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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^® High Beta Index		6.1100% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		211	$	3,966,737	$	276,073
Total return of S&P 500^® High Beta Index		5.7400% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		1,895		35,321,850		2,559,385
Total return of S&P 500^® High Beta Index		5.9000% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		2,228		42,685,204		1,751,687
Total return of S&P 500^® High Beta Index		6.0000% representing 1 month SOFR rate + spread		Barclays		12/23/2024		683		13,557,349		321,572

									$	95,531,140	$	4,908,717

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

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 116.7%
	Money Market Funds - 116.7%
	12,178,767	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	12,178,767
	7,471,045	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		7,471,045
	10,758,738	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		10,758,738

		TOTAL SHORT TERM INVESTMENTS (Cost $30,408,550) ^(b)	$	30,408,550

		TOTAL INVESTMENTS (Cost $30,408,550) - 116.7%	$	30,408,550
		Liabilities in Excess of Other Assets - (16.7)%		(4,350,857	)

		TOTAL NET ASSETS - 100.0%	$	26,057,693

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $20,214,379.

Short Total Return Swap Contracts (Unaudited)

July 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
5.5300% representing 1 month SOFR rate + spread		Total return of S&P 500^®High Beta Index		Bank of America Merrill Lynch		12/11/2024		1,296	$	23,168,190	$	(2,779,057	)
5.8600% representing 1 month SOFR rate + spread		Total return of S&P 500^®High Beta Index		J.P. Morgan		12/16/2024		485		9,583,213		(269,133	)
5.5300% representing 1 month SOFR rate + spread		Total return of S&P 500^®High Beta Index		UBS Securities LLC		12/17/2024		572		11,055,596		(492,468	)
5.7600% representing 1 month SOFR rate + spread		Total return of S&P 500^®High Beta Index		Barclays		12/23/2024		1,461		29,754,857		(23,345	)

									$	73,561,856	$	(3,564,003	)

Direxion Daily S&P Biotech Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 62.8%
	Administrative and Support Services - 0.1%
	68,102	Tango Therapeutics, Inc. ^(a)	$	670,805

	Ambulatory Health Care Services - 2.2%
	79,720	ARS Pharmaceuticals, Inc. ^(a)		866,557
	83,569	CareDx, Inc. ^(a)		1,670,544
	53,764	Keros Therapeutics, Inc. ^(a)		2,696,802
	153,511	Natera, Inc. ^(a)		15,717,991
	102,874	Veracyte, Inc. ^(a)		2,468,976

				23,420,870

	Apparel Manufacturing - 0.2%
	318,082	Sana Biotechnology, Inc. ^(a)		1,937,119

	Chemical Manufacturing - 45.6%
	134,109	89bio, Inc. ^(a)		1,228,438
	102,738	AbbVie, Inc.		19,039,406
	285,055	Acadia Pharmaceuticals Inc. ^(a)		5,421,746
	261,510	ADMA Biologics, Inc. ^(a)		3,211,343
	71,820	Agios Pharmaceuticals, Inc. ^(a)		3,332,448
	269,543	Alkermes PLC ADR (Ireland) ^(a)		7,363,915
	75,790	Alnylam Pharmaceuticals, Inc. ^(a)		17,997,093
	207,051	Altimmune, Inc. ^(a)		1,316,844
	58,002	Amgen, Inc.		19,283,925
	426,695	Amicus Therapeutics, Inc. ^(a)		4,399,225
	80,183	Arcellx, Inc. ^(a)		4,956,111
	72,897	Arcturus Therapeutics Holdings, Inc. ^(a)		1,710,164
	89,512	Arcus Biosciences, Inc. ^(a)		1,468,892
	242,447	Arcutis Biotherapeutics, Inc. ^(a)		2,441,441
	102,624	Astria Therapeutics, Inc. ^(a)		1,198,648
	172,203	Avid Bioservices, Inc. ^(a)		1,797,799
	102,149	Avidity Biosciences, Inc. ^(a)		4,655,951
	154,409	Beam Therapeutics, Inc. ^(a)		4,885,501
	435,168	BioCryst Pharmaceuticals, Inc. ^(a)		3,168,023
	74,751	Biogen, Inc. ^(a)		15,936,913
	182,820	Biohaven Ltd. ADR ^(a)		7,190,311
	207,401	BioMarin Pharmaceutical, Inc. ^(a)		17,490,126
	88,729	Blueprint Medicines Corp. ^(a)		9,609,351
	253,788	BridgeBio Pharma, Inc. ^(a)		6,585,799
	173,330	Catalyst Pharmaceuticals, Inc. ^(a)		2,988,209
	111,648	Celldex Therapeutics, Inc. ^(a)		4,254,905
	171,888	Cogent Biosciences, Inc. ^(a)		1,620,904
	21,688	Corbus Pharmaceuticals Holdings, Inc. ^(a)		1,289,785
	104,799	Crinetics Pharmaceuticals, Inc. ^(a)		5,566,923
	141,531	Denali Therapeutics, Inc. ^(a)		3,449,111
	413,544	Exact Sciences Corp. ^(a)		18,890,690
	903,946	Geron Corp. ^(a)		4,284,704
	266,206	Gilead Sciences, Inc.		20,247,628
	122,369	Halozyme Therapeutics, Inc. ^(a)		6,762,111
	240,651	Heron Therapeutics, Inc. ^(a)		714,734
	97,454	Humacyte, Inc. ^(a)		921,915
	407,067	ImmunityBio, Inc. ^(a)		2,096,395
	108,425	Immunome, Inc. ^(a)		1,670,829
	264,248	Incyte Corp. ^(a)		17,194,617
	104,852	Insmed, Inc. ^(a)		7,627,983
	194,860	Intellia Therapeutics, Inc. ^(a)		5,107,281
	157,774	Ionis Pharmaceuticals, Inc. ^(a)		7,803,502
	359,128	Ironwood Pharmaceuticals, Inc. ^(a)		2,452,844
	33,618	iTeos Therapeutics, Inc. ^(a)		591,341
	72,175	Janux Therapeutics, Inc. ^(a)		2,930,305
	56,638	Kiniksa Pharmaceuticals International PLC ADR ^(a)		1,506,571
	39,051	Krystal Biotech, Inc. ^(a)		8,140,572
	34,025	Madrigal Pharmaceuticals, Inc. ^(a)		9,685,557
	327,373	MannKind Corp. ^(a)		1,885,669
	64,339	Mirum Pharmaceuticals, Inc. ^(a)		2,608,946
	69,669	Morphic Holding, Inc. ^(a)		3,947,446
	87,315	Myriad Genetics, Inc. ^(a)		2,442,201
	112,615	Neurocrine Biosciences, Inc. ^(a)		15,942,906
	244,677	Novavax, Inc. ^(a)		3,134,312
	95,321	Olema Pharmaceuticals, Inc. ^(a)		1,540,387
	108,586	ORIC Pharmaceuticals, Inc. ^(a)		1,216,163
	90,647	Prothena Corp. PLC ADR (Ireland) ^(a)		2,110,262
	93,868	PTC Therapeutics, Inc. ^(a)		3,177,432
	16,720	Regeneron Pharmaceuticals, Inc. ^(a)		18,044,057
	96,421	REGENXBIO, Inc. ^(a)		1,373,999
	67,801	Rhythm Pharmaceuticals, Inc. ^(a)		3,268,686
	109,930	Rocket Pharmaceuticals, Inc. ^(a)		2,660,306
	775,124	Roivant Sciences Ltd. ADR (Ireland) ^(a)		8,410,095
	115,166	Sage Therapeutics, Inc. ^(a)		1,261,068
	134,791	Sarepta Therapeutics, Inc. ^(a)		19,172,672
	126,735	Savara, Inc. ^(a)		582,981
	124,264	Scholar Rock Holding Corp. ^(a)		1,128,317
	50,396	Soleno Therapeutics, Inc. ^(a)		2,430,599
	145,653	SpringWorks Therapeutics, Inc. ^(a)		5,230,399
	62,706	Spyre Therapeutics, Inc. ^(a)		1,724,415
	74,646	Stoke Therapeutics, Inc. ^(a)		1,117,451
	155,013	Summit Therapeutics, Inc. ^(a)		1,674,140
	166,247	Syndax Pharmaceuticals, Inc. ^(a)		3,773,807
	314,846	TG Therapeutics, Inc. ^(a)		6,221,357
	170,328	Travere Therapeutics, Inc. ^(a)		1,624,929
	96,316	Twist Bioscience Corp. ^(a)		5,375,396
	117,873	Ultragenyx Pharmaceutical, Inc. ^(a)		5,306,643
	60,116	United Therapeutics Corp. ^(a)		18,833,742
	113,767	Vera Therapeutics, Inc. ^(a)		4,162,735
	61,770	Vericel Corp. ^(a)		3,120,620
	36,024	Vertex Pharmaceuticals, Inc. ^(a)		17,857,817
	313,553	Viking Therapeutics, Inc. ^(a)		17,872,521
	135,458	Viridian Therapeutics, Inc. ^(a)		2,282,467
	89,233	Xencor, Inc. ^(a)		1,822,138


156,572	Zentalis Pharmaceuticals, Inc. ^(a)		609,065

			498,436,975

Hospitals - 0.4%
60,453	Nuvalent, Inc. ^(a)		4,832,613

Merchant Wholesalers, Durable Goods - 0.5%
135,834	Dyne Therapeutics, Inc. ^(a)		5,828,637

Merchant Wholesalers, Nondurable Goods - 1.0%
113,070	Akero Therapeutics, Inc. ^(a)		3,022,361
173,560	C4 Therapeutics, Inc. ^(a)		1,162,852
96,791	Cabaletta Bio, Inc. ^(a)		687,216
38,650	Praxis Precision Medicines, Inc. ^(a)		2,230,492
70,337	Protagonist Therapeutics, Inc. ^(a)		2,633,417
181,199	Relay Therapeutics, Inc. ^(a)		1,489,456

			11,225,794

Miscellaneous Manufacturing - 0.2%
129,094	MiMedx Group, Inc. ^(a)		961,750
744,838	Ocugen, Inc. ^(a)		1,046,498

			2,008,248

Professional, Scientific, and Technical Services - 10.9%
89,300	4D Molecular Therapeutics, Inc. ^(a)		1,583,289
94,028	Alector, Inc. ^(a)		564,168
389,759	Allogene Therapeutics, Inc. ^(a)		1,145,891
46,421	AnaptysBio, Inc. ^(a)		1,617,308
209,587	Anavex Life Sciences Corp. ^(a)		1,424,144
226,097	Apellis Pharmaceuticals, Inc. ^(a)		8,953,441
69,928	Apogee Therapeutics, Inc. ^(a)		3,405,494
600,536	Ardelyx, Inc. ^(a)		3,332,975
136,917	Arrowhead Pharmaceuticals, Inc. ^(a)		3,910,349
37,796	CARGO Therapeutics, Inc. ^(a)		643,666
47,612	CG Oncology, Inc. ^(a)		1,587,860
170,573	Crispr Therapeutics AG ADR (Switzerland) ^(a)		9,772,127
97,785	Cullinan Therapeutics, Inc. ^(a)		1,892,140
245,044	Cytokinetics, Inc. ^(a)		14,460,046
139,827	Day One Biopharmaceuticals, Inc. ^(a)		2,000,924
291,236	Dynavax Technologies Corp. ^(a)		3,258,931
200,792	Editas Medicine, Inc. ^(a)		1,086,285
326,417	Exelixis, Inc. ^(a)		7,654,479
234,336	Fate Therapeutics, Inc. ^(a)		1,249,011
112,276	IDEAYA Biosciences, Inc. ^(a)		4,833,482
116,405	Kura Oncology, Inc. ^(a)		2,422,388
84,861	Kymera Therapeutics, Inc. ^(a)		3,920,578
123,681	Moderna, Inc. ^(a)		14,745,249
128,299	Nurix Therapeutics, Inc. ^(a)		2,807,182
371,782	Recursion Pharmaceuticals, Inc. ^(a)		3,048,612
173,465	Revolution Medicines, Inc. ^(a)		7,916,943
88,472	Vaxcyte, Inc. ^(a)		6,979,556
139,434	Verve Therapeutics, Inc. ^(a)		976,038
136,275	Vir Biotechnology, Inc. ^(a)		1,384,554
83,392	Voyager Therapeutics, Inc. ^(a)		766,372

			119,343,482

Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 1.2%
171,261	Cerevel Therapeutics Holdings, Inc. ^(a)		7,699,895
22,406	Disc Medicine, Inc. ^(a)		967,043
131,465	Immunovant, Inc. ^(a)		3,821,687
620,131	Scilex Holding Co. ^(a)		986,008

			13,474,633

Support Activities for Transportation - 0.5%
629,435	Iovance Biotherapeutics, Inc. ^(a)		5,494,968

	TOTAL COMMON STOCKS (Cost $665,963,448)	$	686,674,144

SHORT TERM INVESTMENTS - 37.6%
Money Market Funds - 37.6%
290,011,880	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	290,011,880
42,936,307	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(c)		42,936,307
77,319,753	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		77,319,753

	TOTAL SHORT TERM INVESTMENTS (Cost $410,267,940)	$	410,267,940

	TOTAL INVESTMENTS (Cost $1,076,231,388) - 100.4% ^(e)	$	1,096,942,084
	Liabilities in Excess of Other Assets - (0.4)%		(4,453,402	)

	TOTAL NET ASSETS - 100.0%	$	1,092,488,682

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $970,669,011.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Biotechnology Select Industry Index

5.8300% representing
1 month SOFR rate + spread

BNP Paribas

12/4/2024

61,129

381,717,857

77,585,497

Total return of S&P Biotechnology Select Industry Index

5.8800% representing
1 month SOFR rate + spread

Goldman Sachs

12/10/2024

49,692

317,680,701

56,781,520

Total return of S&P Biotechnology Select Industry Index

6.0300% representing
1 month SOFR rate + spread

Bank of America
Merrill Lynch

12/11/2024

40,000

247,193,200

52,287,340

Total return of S&P Biotechnology Select Industry Index

5.8100% representing
1 month SOFR rate + spread

J.P. Morgan

12/16/2024

21,076

134,565,659

23,946,461

Total return of S&P Biotechnology Select Industry Index

5.8900% representing
1 month SOFR rate + spread

UBS Securities
LLC

12/17/2024

44,753

305,788,774

31,348,100


Total return of S&P Biotechnology Select Industry Index	6.0200% representing 1 month SOFR rate + spread	Citibank N.A.	12/19/2024	81,805		566,281,945		55,267,154
Total return of S&P Biotechnology Select Industry Index	6.2800% representing 1 month SOFR rate + spread	Barclays	12/23/2024	37,274		255,595,269		26,491,441

					$	2,208,823,405	$	323,707,513

Direxion Daily S&P Biotech Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 107.5%
	Money Market Funds - 107.5%
	64,379,352	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	64,379,352
	11,657,464	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		11,657,464
	43,150,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		43,150,000
	47,575,381	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		47,575,381

		TOTAL SHORT TERM INVESTMENTS (Cost $166,762,197) ^(b)	$	166,762,197

		TOTAL INVESTMENTS (Cost $166,762,197) - 107.5%	$	166,762,197
		Liabilities in Excess of Other Assets - (7.5)%		(11,621,240	)

		TOTAL NET ASSETS - 100.0%	$	155,140,957

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 July 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 $106,681,000.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.6300% representing 1 month SOFR rate + spread		Total return of S&P Biotechnology Select Industry Index		Goldman Sachs		12/10/2024		5,759	$	41,172,949	$	(2,616,890	)
5.8300% representing 1 month SOFR rate + spread		Total return of S&P Biotechnology Select Industry Index		Bank of America Merrill Lynch		12/11/2024		6,692		48,866,429		(1,711,537	)
5.5600% representing 1 month SOFR rate + spread		Total return of S&P Biotechnology Select Industry Index		J.P. Morgan		12/16/2024		5,534		39,464,822		(2,817,278	)
5.4400% representing 1 month SOFR rate + spread		Total return of S&P Biotechnology Select Industry Index		UBS Securities LLC		12/17/2024		3,366		24,945,552		(545,641	)
5.7300% representing 1 month SOFR rate + spread		Total return of S&P Biotechnology Select Industry Index		Citibank N.A.		12/19/2024		11,158		81,093,834		(4,194,824	)
5.8600% representing 1 month SOFR rate + spread		Total return of S&P Biotechnology Select Industry Index		Barclays		12/23/2024		27,803		217,864,587		3,895,030

									$	453,408,173	$	(7,991,140	)

Direxion Daily Semiconductor Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 71.9%
	Computer and Electronic Product Manufacturing - 54.4%
	4,033,479	Advanced Micro Devices, Inc. ^(a)	$	582,757,046
	1,435,843	Analog Devices, Inc.		332,225,353
	5,791,827	ASE Technology Holding Co., Ltd. ADR (Taiwan)		58,034,106
	5,061,960	Broadcom, Inc.		813,355,733
	10,910,840	Intel Corp.		335,399,222
	1,228,034	Lattice Semiconductor Corp. ^(a)		65,085,802
	3,461,342	Microchip Technology, Inc.		307,297,943
	2,692,121	Micron Technology, Inc.		295,648,728
	603,413	MKS Instruments, Inc.		75,969,697
	419,730	Monolithic Power Systems, Inc.		362,264,766
	6,140,125	NVIDIA Corp.		718,517,427
	1,237,560	NXP Semiconductors NV ADR (Netherlands)		325,676,290
	3,864,520	ON Semiconductor Corp. ^(a)		302,398,690
	857,027	Qorvo, Inc. ^(a)		102,671,835
	2,612,509	Qualcomm, Inc.		472,733,503
	966,243	Rambus, Inc. ^(a)		49,703,540
	1,442,211	Skyworks Solutions, Inc.		163,864,014
	2,380,096	STMicroelectronics NV ADR (Netherlands)		80,352,041
	2,062,238	Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) ADR		341,919,060
	1,386,960	Teradyne, Inc.		181,913,674
	1,725,904	Texas Instruments, Inc.		351,756,494
	6,607,237	United Microelectronics Corp. ADR (Taiwan) ^(b)		55,302,574
	1,117,219	Wolfspeed, Inc. ^(a)(b)		21,059,578

				6,395,907,116

	Machinery Manufacturing - 10.2%
	2,478,983	Applied Materials, Inc.		526,040,193
	323,986	ASML Holding NV ADR (Netherlands)		303,477,686
	288,727	Axcelis Technologies, Inc. ^(a)		36,480,656
	359,929	Lam Research Corp.		331,580,992

				1,197,579,527

	Merchant Wholesalers, Durable Goods - 4.5%
	1,354,893	Entegris, Inc.		160,270,293
	442,757	KLA-Tencor Corp.		364,420,004

				524,690,297

	Professional, Scientific, and Technical Services - 2.8%
	4,891,811	Marvell Technology, Inc.		327,653,501

		TOTAL COMMON STOCKS (Cost $7,770,484,002)	$	8,445,830,441

	SHORT TERM INVESTMENTS - 19.0%
	Money Market Funds - 19.0%
	924,197,780	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	924,197,780
	427,200,000	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(c)		427,200,000
	95,150,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(c)		95,150,000
	259,935,142	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		259,935,142
	532,000,000	JPMorgan 100% U.S. Treasury Securities Money Market Fund Institutional Shares, 5.18% ^(c)		532,000,000

		TOTAL SHORT TERM INVESTMENTS (Cost $2,238,482,922)	$	2,238,482,922

		TOTAL INVESTMENTS (Cost $10,008,966,924) - 90.9% ^(e)	$	10,684,313,363
		Other Assets in Excess of Liabilities - 9.1%		1,070,244,392

		TOTAL NET ASSETS - 100.0%	$	11,754,557,755

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $3,150,217,060.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 ICE Semiconductor Index		6.3200% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		2,251,605	$	2,635,592,495	$	51,767,871
Total return of ICE Semiconductor Index		6.2100% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		4,148,297		4,443,742,150		463,425,145
Total return of ICE Semiconductor Index		6.2800% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		3,580,336		4,063,586,519		178,182,887
Total return of ICE Semiconductor Index		6.1100% representing 1 month SOFR rate + spread		Societe Generale		12/16/2024		200,000		192,822,001		41,320,488
Total return of ICE Semiconductor Index		6.2300% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		1,080,363		1,153,596,529		123,979,806
Total return of ICE Semiconductor Index		6.1400% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		2,659,057		3,128,157,694		48,605,614
Total return of ICE Semiconductor Index		6.2800% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		3,708,155		4,219,938,396		185,655,112
Total return of ICE Semiconductor Index		6.2500% representing 1 month SOFR rate + spread		Barclays		12/23/2024		4,708,907		5,383,401,022		214,849,115

									$	25,220,836,806	$	1,307,786,038

Direxion Daily Semiconductor Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 97.0%
	Money Market Funds - 97.0%
	326,649,679	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	326,649,679
	109,440,833	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		109,440,833
	92,903,639	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		92,903,639
	160,352,502	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		160,352,502

		TOTAL SHORT TERM INVESTMENTS (Cost $689,346,653) ^(b)	$	689,346,653

		TOTAL INVESTMENTS (Cost $689,346,653) - 97.0%	$	689,346,653
		Other Assets in Excess of Liabilities - 3.0%		21,262,684

		TOTAL NET ASSETS - 100.0%	$	710,609,337

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $439,217,650.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.4800% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		BNP Paribas		12/4/2024		106,372	$	139,005,817	$	11,796,114
5.8600% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		Goldman Sachs		12/10/2024		272,242		347,204,042		21,120,128
6.0800% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		Bank of America Merrill Lynch		12/11/2024		480,245		564,104,889		(12,042,935	)
5.9100% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		Societe Generale		12/16/2024		200,000		192,821,999		(41,566,870	)
5.9300% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		J.P. Morgan		12/16/2024		32,587		34,871,868		(3,504,194	)
5.7400% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		UBS Securities LLC		12/17/2024		251,325		310,570,356		9,312,257
5.9700% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		Citibank N.A.		12/19/2024		70,608		88,654,837		4,200,669
5.9800% representing 1 month SOFR rate + spread		Total return of ICE Semiconductor Index		Barclays		12/23/2024		362,085		390,780,240		(38,736,913	)

									$	2,068,014,048	$	(49,421,744	)

Direxion Daily Technology Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 69.3%
	Administrative and Support Services - 0.3%
	18,196	Gartner, Inc. ^(a)	$	9,119,653

	Computer and Electronic Product Manufacturing - 37.0%
	378,902	Advanced Micro Devices, Inc. ^(a)		54,743,761
	281,596	Amphenol Corp. Class A		18,095,359
	116,246	Analog Devices, Inc.		26,896,999
	489,266	Apple, Inc.		108,656,193
	59,509	Arista Networks, Inc. ^(a)		20,622,844
	599,256	Broadcom, Inc.		96,288,454
	949,220	Cisco Systems, Inc.		45,989,709
	31,898	Enphase Energy, Inc. ^(a)		3,671,779
	25,098	First Solar, Inc. ^(a)		5,420,917
	148,633	Fortinet, Inc. ^(a)		8,626,659
	202,313	HP, Inc.		7,301,476
	997,925	Intel Corp.		30,676,215
	215,333	International Business Machines Corp.		41,374,083
	28,268	Jabil Circuit, Inc.		3,184,956
	40,917	Keysight Technologies, Inc. ^(a)		5,710,786
	126,673	Microchip Technology, Inc.		11,246,029
	259,597	Micron Technology, Inc.		28,508,943
	11,404	Monolithic Power Systems, Inc.		9,842,678
	39,095	Motorola Solutions, Inc.		15,595,777
	48,374	NetApp, Inc.		6,142,531
	3,778,870	NVIDIA Corp.		442,203,367
	59,944	NXP Semiconductors NV ADR (Netherlands)		15,774,863
	100,848	ON Semiconductor Corp. ^(a)		7,891,356
	75,739	Palto Alto Networks, Inc. ^(a)		24,594,725
	22,633	Qorvo, Inc. ^(a)		2,711,433
	262,085	Qualcomm, Inc.		47,424,281
	25,099	Roper Technologies, Inc.		13,672,680
	45,777	Seagate Technology Holdings PLC ADR (Ireland)		4,677,036
	37,606	Skyworks Solutions, Inc.		4,272,794
	11,804	Super Micro Computer, Inc. ^(a)		8,282,277
	11,119	Teledyne Technologies, Inc. ^(a)		4,690,661
	36,599	Teradyne, Inc.		4,800,325
	213,431	Texas Instruments, Inc.		43,499,372
	57,252	Trimble, Inc. ^(a)		3,122,524
	76,552	Western Digital Corp. ^(a)		5,132,812
	12,053	Zebra Technologies Corp. Class A ^(a)		4,232,893

				1,185,579,547

	Electrical Equipment, Appliance, and Component Manufacturing - 0.3%
	71,791	TE Connectivity Ltd. ADR (Switzerland)		11,079,505

	Machinery Manufacturing - 2.2%
	194,784	Applied Materials, Inc.		41,333,165
	30,655	Lam Research Corp.		28,240,612

				69,573,777

	Merchant Wholesalers, Durable Goods - 0.8%
	31,571	KLA-Tencor Corp.		25,985,143

	Nonmetallic Mineral Product Manufacturing - 0.2%
	180,719	Corning, Inc.		7,230,567

	Professional, Scientific, and Technical Services - 5.6%
	147,390	Accenture PLC Class A ADR (Ireland)		48,730,082
	31,517	CDW Corp.		6,874,173
	116,553	Cognizant Technology Solutions Corp. Class A		8,820,731
	13,585	EPAM Systems, Inc. ^(a)		2,922,541
	13,740	F5 Networks, Inc. ^(a)		2,798,014
	33,039	GoDaddy, Inc. ^(a)		4,805,522
	76,184	Juniper Networks, Inc.		2,871,375
	373,701	Oracle Corp.		52,112,604
	28,083	PTC, Inc. ^(a)		4,994,561
	48,058	ServiceNow, Inc. ^(a)		39,137,955
	20,320	VeriSign, Inc. ^(a)		3,800,043

				177,867,601

	Publishing Industries - 22.9%
	105,019	Adobe, Inc. ^(a)		57,933,731
	35,710	Akamai Technologies, Inc. ^(a)		3,509,579
	20,459	Ansys, Inc. ^(a)		6,416,556
	50,138	Autodesk, Inc. ^(a)		12,410,158
	63,811	Cadence Design Systems, Inc. ^(a)		17,079,652
	54,078	CrowdStrike Holdings, Inc. ^(a)		12,543,933
	5,795	Fair Isaac Corp. ^(a)		9,272,000
	304,745	Hewlett Packard Enterprise Co.		6,067,473
	65,633	Intuit, Inc.		42,487,523
	1,141,785	Microsoft Corp.		477,665,755
	129,171	NortonLifeLock, Inc.		3,357,154
	227,685	Salesforce, Inc.		58,924,878
	35,760	Synopsys, Inc. ^(a)		19,965,523
	9,953	Tyler Technologies, Inc. ^(a)		5,654,399

				733,288,314

		TOTAL COMMON STOCKS (Cost $2,073,019,766)	$	2,219,724,107

	SHORT TERM INVESTMENTS - 21.9%
	Money Market Funds - 21.9%
	391,669,261	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	391,669,261
	109,955,209	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(b)		109,955,209
	86,850,000	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		86,850,000
	113,267,070	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		113,267,070

		TOTAL SHORT TERM INVESTMENTS (Cost $701,741,540)	$	701,741,540

		TOTAL INVESTMENTS (Cost $2,774,761,306) - 91.2% ^(c)	$	2,921,465,647
		Other Assets in Excess of Liabilities - 8.8%		279,329,621

		TOTAL NET ASSETS - 100.0%	$	3,200,795,268

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $2,720,308,425.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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		6.1200% representing 1 month SOFR rate + spread		BNP Paribas		12/4/2024		515,346	$	1,036,910,749	$	78,625,185
Total return of Technology Select Sector Index		5.9800% representing 1 month SOFR rate + spread		Goldman Sachs		12/10/2024		652,585		1,258,571,547		144,585,349
Total return of Technology Select Sector Index		6.1300% representing 1 month SOFR rate + spread		Bank of America Merrill Lynch		12/11/2024		486,666		952,700,117		96,661,362
Total return of Technology Select Sector Index		6.1700% representing 1 month SOFR rate + spread		Societe Generale		12/16/2024		100,000		191,783,001		22,117,174
Total return of Technology Select Sector Index		6.1500% representing 1 month SOFR rate + spread		J.P. Morgan		12/16/2024		128,973		276,424,901		3,635,640
Total return of Technology Select Sector Index		6.0200% representing 1 month SOFR rate + spread		UBS Securities LLC		12/17/2024		386,559		750,935,147		78,404,455
Total return of Technology Select Sector Index		6.1500% representing 1 month SOFR rate + spread		Citibank N.A.		12/19/2024		476,434		951,827,990		78,906,902
Total return of Technology Select Sector Index		6.0800% representing 1 month SOFR rate + spread		Barclays		12/23/2024		604,652		1,219,735,409		92,533,973

									$	6,638,888,861	$	595,470,040

Direxion Daily Technology Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 114.7%
	Money Market Funds - 114.7%
	53,846,141	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	53,846,141
	3,912,084	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		3,912,084
	12,297,010	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		12,297,010
	32,021,676	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		32,021,676

		TOTAL SHORT TERM INVESTMENTS (Cost $102,076,911) ^(b)	$	102,076,911

		TOTAL INVESTMENTS (Cost $102,076,911) - 114.7%	$	102,076,911
		Liabilities in Excess of Other Assets - (14.7)%		(13,103,945	)

		TOTAL NET ASSETS - 100.0%	$	88,972,966

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $61,378,029.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.3700% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		BNP Paribas		12/4/2024		9,089	$	19,446,080	$	(419,541	)
5.7300% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		Goldman Sachs		12/10/2024		3,461		7,148,304		(307,854	)
5.9300% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		Bank of America Merrill Lynch		12/11/2024		12,705		28,596,547		762,465
5.7600% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		Societe Generale		12/16/2024		5,000		9,589,150		(1,130,390	)
5.9100% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		J.P. Morgan		12/16/2024		27,940		65,376,100		4,050,624
5.7200% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		UBS Securities LLC		12/17/2024		25,433		55,538,689		(383,174	)
5.8100% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		Citibank N.A.		12/19/2024		23,471		50,946,190		(526,149	)
5.8300% representing 1 month SOFR rate + spread		Total return of Technology Select Sector Index		Barclays		12/23/2024		14,066		31,799,693		1,143,896

									$	268,440,753	$	3,189,877

Direxion Daily Transportation Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 74.0%
	Administrative and Support Services - 13.5%
	3,250	GXO Logistics, Inc. ^(a)	$	181,935
	3,199	RXO, Inc. ^(a)		101,440
	39,493	Uber Technologies, Inc. ^(a)		2,546,114

				2,829,489

	Air Transportation - 9.2%
	3,452	Alaska Air Group, Inc. ^(a)		129,554
	394	Allegiant Travel Co.		22,092
	17,850	American Airlines Group, Inc. ^(a)		189,924
	13,570	Delta Air Lines, Inc.		583,781
	9,255	JetBlue Airways Corp. ^(a)		59,324
	1,095	SkyWest, Inc. ^(a)		87,534
	16,282	Southwest Airlines Co.		438,637
	2,980	Spirit Airlines, Inc.^(b)		8,970
	8,945	United Continental Holdings, Inc. ^(a)		406,282

				1,926,098

	Couriers and Messengers - 10.4%
	1,386	Air Transport Services Group, Inc. ^(a)		22,370
	2,764	FedEx Corp.		835,419
	10,033	United Parcel Service, Inc. Class B		1,308,002

				2,165,791

	Management of Companies and Enterprises - 0.2%
	1,031	Sun Country Airlines Holdings, Inc. ^(a)		13,506
	262	U-Haul Holding Co. ^(a)		17,499

				31,005

	Merchant Wholesalers, Nondurable Goods - 0.1%
	2,766	FTAI Infrastructure, Inc.		28,518

	Rail Transportation - 17.1%
	20,968	CSX Corp.		735,977
	11,531	Union Pacific Corp.		2,845,043

				3,581,020

	Rental and Leasing Services - 1.1%
	495	Avis Budget Group, Inc.		50,000
	3,578	Hertz Global Holdings, Inc. ^(a)		14,598
	1,192	Ryder System, Inc.		167,071

				231,669

	Support Activities for Transportation - 12.0%
	3,186	C.H. Robinson Worldwide, Inc.		283,713
	3,843	Expeditors International of Washington, Inc.		479,683
	859	Forward Air Corp.		21,784
	1,680	Hub Group, Inc.		78,574
	2,219	J.B. Hunt Transport Services, Inc.		384,220
	928	Matson, Inc.		123,155
	3,064	Norfolk Southern Corp.		764,652
	3,165	XPO, Inc. ^(a)		363,627

				2,499,408

	Transit and Ground Passenger Transportation - 0.6%
	9,671	Lyft, Inc. ^(a)		116,536

	Transportation Equipment Manufacturing - 0.3%
	10,214	Joby Aviation, Inc. ^(a)(b)		61,080

	Truck Transportation - 7.6%
	638	ArcBest Corp.		80,420
	1,247	Heartland Express, Inc.		16,174
	4,397	Knight-Swift Transportation Holdings, Inc. Class A		239,329
	1,572	Marten Transport Ltd.		29,569
	3,930	Old Dominion Freight Line, Inc.		826,007
	723	Saia, Inc. ^(a)		302,105
	1,007	Schneider National, Inc.^(b)		27,098
	1,725	Werner Enterprises, Inc.		67,603

				1,588,305

	Warehousing and Storage - 0.9%
	973	Landstar System, Inc.		185,113

	Water Transportation - 1.0%
	1,162	Genco Shipping & Trading Ltd. ADR		22,554
	1,586	Kirby Corp. ^(a)		194,888

				217,442

		TOTAL COMMON STOCKS (Cost $14,599,508)	$	15,461,474

	SHORT TERM INVESTMENTS - 25.7%
	Money Market Funds - 25.7%
	4,148,052	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	4,148,052
	879,793	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(c)		879,793
	333,815	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		333,815

		TOTAL SHORT TERM INVESTMENTS (Cost $5,361,660)	$	5,361,660

		TOTAL INVESTMENTS (Cost $19,961,168) - 99.7% ^(e)	$	20,823,134
		Other Assets in Excess of Liabilities - 0.3%		70,910

		TOTAL NET ASSETS - 100.0%	$	20,894,044

Percentages are stated as a percent of net assets.

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

^(a)	Non-income producing security.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $18,319,625.

ADR - American Depository Receipt

Long Total Return Swap Contracts (Unaudited)

July 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 Transportation Select Industry FMC Capped Index	5.9700% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		3,151	$	18,605,558	$	202,902
Total return of S&P Transportation Select Industry FMC Capped Index	6.1300% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2024		591		3,608,686		(61,222	)
Total return of S&P Transportation Select Industry FMC Capped Index	5.9800% representing 1 month SOFR rate + spread	Barclays		12/23/2024		4,114		24,185,131		5,062

							$	46,399,375	$	146,742

Direxion Daily Utilities Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	COMMON STOCKS - 67.9%
	Oil and Gas Extraction - 2.8%
	26,662	Dominion Energy, Inc.	$	1,425,350

	Utilities - 65.1%
	22,605	AES Corp.		402,143
	8,155	Alliant Energy Corp.		453,907
	8,482	Ameren Corp.		672,368
	16,767	American Electric Power Co., Inc.		1,645,178
	6,197	American Water Works Co., Inc.		882,205
	4,799	Atmos Energy Corp.		613,696
	20,349	CenterPoint Energy, Inc.		564,685
	9,499	CMS Energy Corp.		615,535
	11,000	Consolidated Edison, Inc.		1,072,720
	10,027	Constellation Energy Corp.		1,903,125
	6,582	DTE Energy Co.		793,328
	24,549	Duke Energy Corp.		2,682,469
	12,238	Edison International		979,162
	6,792	Entergy Corp.		787,668
	7,314	Evergy, Inc.		424,212
	11,205	Eversource Energy		727,317
	31,809	Exelon Corp.		1,183,295
	16,476	FirstEnergy Corp.		690,509
	65,351	NextEra Energy, Inc.		4,992,163
	14,260	NiSource, Inc.		445,625
	6,631	NRG Energy, Inc.		498,452
	67,975	PG&E Corp.		1,240,544
	3,612	Pinnacle West Capital Corp.		309,151
	23,466	PPL Corp.		697,409
	15,843	Public Service Enterprise Group, Inc.		1,263,796
	20,130	Sempra Energy		1,611,608
	34,780	Southern Co.		2,904,826
	10,389	Vistra Corp.		823,017
	10,046	WEC Energy Group, Inc.		864,559
	17,674	Xcel Energy, Inc.		1,030,041

				33,774,713

		TOTAL COMMON STOCKS (Cost $33,762,666)	$	35,200,063

	SHORT TERM INVESTMENTS - 20.0%
	Money Market Funds - 20.0%
	7,588,461	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	7,588,461
	7,895	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		7,895
	2,798,572	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		2,798,572

		TOTAL SHORT TERM INVESTMENTS (Cost $10,394,928)	$	10,394,928

		TOTAL INVESTMENTS (Cost $44,157,594) - 87.9% ^(b)	$	45,594,991
		Other Assets in Excess of Liabilities - 12.1%		6,252,879

		TOTAL NET ASSETS - 100.0%	$	51,847,870

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $38,029,411.

Long Total Return Swap Contracts (Unaudited)

July 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 Utilities Select Sector Index	5.8800% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		71,457	$	49,435,227	$	2,957,396
Total return of Utilities Select Sector Index	5.7300% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		58,923		36,561,834		6,466,096
Total return of Utilities Select Sector Index	6.0800% representing 1 month SOFR rate + spread	Barclays		12/23/2024		32,910		20,787,602		3,096,541

							$	106,784,663	$	12,520,033

Direxion Daily 7-10 Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 68.1%
	388,729	iShares 7-10 Year Treasury Bond ETF ^(a)	$	37,345,195

		TOTAL INVESTMENT COMPANIES (Cost $36,687,864)	$	37,345,195

	SHORT TERM INVESTMENTS - 30.1%
	Money Market Funds - 30.1%
	13,212,716	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(b)	$	13,212,716
	1,369,971	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(b)		1,369,971
	1,929,643	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(b)		1,929,643

		TOTAL SHORT TERM INVESTMENTS (Cost $16,512,330)	$	16,512,330

		TOTAL INVESTMENTS (Cost $53,200,194) - 98.2% ^(c)	$	53,857,525
		Other Assets in Excess of Liabilities - 1.8%		988,943

		TOTAL NET ASSETS - 100.0%	$	54,846,468

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	Represents annualized seven-day yield at July 31, 2024.

^(c)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $50,191,415.

Long Total Return Swap Contracts (Unaudited)

July 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 7-10 Year Treasury Bond ETF	4.7400% representing 1 month SOFR rate + spread	BNP Paribas		12/4/2024		503,820	$	47,177,019	$	686,243
Total return of iShares 7-10 Year Treasury Bond ETF	5.9300% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		152,753		14,427,053		85,206
Total return of iShares 7-10 Year Treasury Bond ETF	5.7300% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		372,639		34,635,139		899,453
Total return of iShares 7-10 Year Treasury Bond ETF	5.9500% representing 1 month SOFR rate + spread	Barclays		12/23/2024		294,775		27,688,718		447,513

							$	123,927,929	$	2,118,415

Direxion Daily 7-10 Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 105.1%
	Money Market Funds - 105.1%
	13,072,407	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	13,072,407
	2,160,066	Goldman Sachs Financial Square Government Fund Institutional Shares, 5.21% ^(a)		2,160,066
	1,634,937	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		1,634,937

		TOTAL SHORT TERM INVESTMENTS (Cost $16,867,410) ^(b)	$	16,867,410

		TOTAL INVESTMENTS (Cost $16,867,410) - 105.1%	$	16,867,410
		Liabilities in Excess of Other Assets - (5.1)%		(819,790	)

		TOTAL NET ASSETS - 100.0%	$	16,047,620

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $10,306,950.

Short Total Return Swap Contracts (Unaudited)

July 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)
4.4400% representing 1 month SOFR rate + spread	Total return of iShares 7-10 Year Treasury Bond ETF	BNP Paribas		12/4/2024		326,005	$	30,528,694	$	(520,714	)
5.5100% representing 1 month SOFR rate + spread	Total return of iShares 7-10 Year Treasury Bond ETF	J.P. Morgan		12/16/2024		84,001		7,870,068		(112,267	)
5.6300% representing 1 month SOFR rate + spread	Total return of iShares 7-10 Year Treasury Bond ETF	Barclays		12/23/2024		91,123		8,741,785		96,962

							$	47,140,547	$	(536,019	)

Direxion Daily 20+ Year Treasury Bull 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	INVESTMENT COMPANIES - 69.5%
	44,382,714	iShares 20+ Year Treasury Bond ETF ^(a)(b)	$	4,207,925,114

		TOTAL INVESTMENT COMPANIES (Cost $4,080,430,529)	$	4,207,925,114

	SHORT TERM INVESTMENTS - 30.6%
	Money Market Funds - 30.6%
	1,136,819,263	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(c)(d)	$	1,136,819,263
	714,832,071	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(c)		714,832,071

		TOTAL SHORT TERM INVESTMENTS (Cost $1,851,651,334)	$	1,851,651,334

		TOTAL INVESTMENTS (Cost $5,932,081,863) - 100.1% ^(e)	$	6,059,576,448
		Liabilities in Excess of Other Assets - (0.1)%		(7,094,929	)

		TOTAL NET ASSETS - 100.0%	$	6,052,481,519

Percentages are stated as a percent of net assets.

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

^(a)	Shareholders may obtain the financial statements of these investment companies at www.sec.gov.

^(b)	A portion of this security represents a security on loan.

^(c)	Represents annualized seven-day yield at July 31, 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 $5,318,290,518.

Long Total Return Swap Contracts (Unaudited)

July 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	6.1300% representing 1 month SOFR rate + spread	BNP Paribas		12/4/2024		25,160,362	$	2,285,645,403	$	80,598,363
Total return of iShares 20+ Year Treasury Bond ETF	5.9300% representing 1 month SOFR rate + spread	Goldman Sachs		12/10/2024		26,819,189		2,445,763,347		80,353,434
Total return of iShares 20+ Year Treasury Bond ETF	6.0300% representing 1 month SOFR rate + spread	Bank of America Merrill Lynch		12/11/2024		31,078,034		2,847,815,210		82,672,304
Total return of iShares 20+ Year Treasury Bond ETF	5.7800% representing 1 month SOFR rate + spread	J.P. Morgan		12/16/2024		11,684,706		1,100,293,717		(4,641,723	)
Total return of iShares 20+ Year Treasury Bond ETF	6.1000% representing 1 month SOFR rate + spread	UBS Securities LLC		12/17/2024		5,978,252		540,635,615		21,952,722
Total return of iShares 20+ Year Treasury Bond ETF	6.0200% representing 1 month SOFR rate + spread	Citibank N.A.		12/19/2024		28,761,050		2,608,691,291		103,016,599
Total return of iShares 20+ Year Treasury Bond ETF	6.0800% representing 1 month SOFR rate + spread	Barclays		12/23/2024		17,650,000		1,602,694,368		60,440,906

							$	13,431,538,951	$	424,392,605

Direxion Daily 20+ Year Treasury Bear 3X Shares

Schedule of Investments (Unaudited)

July 31, 2024


Shares			Fair Value
	SHORT TERM INVESTMENTS - 102.9%
	Money Market Funds - 102.9%
	117,697,369	Dreyfus Government Cash Management Institutional Shares, 5.21% ^(a)	$	117,697,369
	29,151,454	Dreyfus Treasury Securities Cash Management Institutional Shares, 5.17% ^(a)		29,151,454
	62,347,547	Goldman Sachs Financial Square Treasury Instruments Fund Institutional Shares, 5.15% ^(a)		62,347,547

		TOTAL SHORT TERM INVESTMENTS (Cost $209,196,370) ^(b)	$	209,196,370

		TOTAL INVESTMENTS (Cost $209,196,370) - 102.9%	$	209,196,370
		Liabilities in Excess of Other Assets - (2.9)%		(5,836,444	)

		TOTAL NET ASSETS - 100.0%	$	203,359,926

Percentages are stated as a percent of net assets.

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

^(a)	Represents annualized seven-day yield at July 31, 2024.

^(b)	All or a portion of these securities have been segregated as collateral for swap contracts. Total value of securities segregated amounted to $128,410,106.

Short Total Return Swap Contracts (Unaudited)

July 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)
5.9300% representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	BNP Paribas		12/4/2024		1,246,361	$	116,814,832	$	(424,321	)
5.7300% representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	Goldman Sachs		12/10/2024		1,552,871		147,356,336		1,706,953
5.8300% representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	Bank of America Merrill Lynch		12/11/2024		1,204,215		114,260,758		1,488,026
5.5600% representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	J.P. Morgan		12/16/2024		841,941		79,728,582		821,859
5.4800% representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	UBS Securities LLC		12/17/2024		957,353		90,230,788		384,711
5.7100% representing 1 month SOFR rate + spread	Total return of iShares 20+ Year Treasury Bond ETF	Citibank N.A.		12/19/2024		632,175		61,723,403		2,634,015

							$	610,114,699	$	6,611,243

Valuation Measurements (Unaudited)

The Funds follows fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurement of fair value and a discussion in changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels below:

Level 1 - Quoted prices in active markets for identical securities

Level 2 - Evaluated price based on other significant observable inputs (including quoted prices for similar securities in active markets, quoted prices for identical or similar securities in inactive markets, interest rates, prepayment spreads, credit risk, etc.)

Level 3 - Significant unobservable inputs (including Fund’s own assumptions in determining fair value of investments)

The inputs or methodology used for valuing securities are not an indication of the credit risk associated with investing in those securities.

The following is a summary of the inputs used to value the Funds’ net assets as of July 31, 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)	$	—	$	—	$	263,633,317		—	$	—	$	—	$	(1,966,647	)	$	—
Direxion HCM Tactical Enhanced US ETF		—		278,126,516		81,043,825		—		—		9,570,816		—			(11,291,994	)
Direxion NASDAQ-100^® Equal Weighted Index Shares		—		1,336,434,813		9,988,674		—		—		—		—			—
Direxion Work From Home ETF		—		26,178,875		71,438		—		—		—		—			—
Direxion Daily S&P 500^® Bear 1X Shares		—		—		189,308,808		—		—		—		—			(9,133,343	)
Direxion Daily AAPL Bear 1X Shares		—		—		25,950,354		—		—		—		—			(1,321,377	)
Direxion Daily AMZN Bear 1X Shares		—		—		2,811,655		—		—		17,407		—			(31,442	)
Direxion Daily GOOGL Bear 1X Shares		—		—		4,495,203		—		—		116,396		—			(153,634	)
Direxion Daily META Bear 1X Shares		—		—		2,753,351		—		—		309,100		—			—
Direxion Daily MSFT Bear 1X Shares		—		—		5,804,065		—		—		242,155		—			—
Direxion Daily NVDA Bear 1X Shares		—		—		28,112,052		—		—		2,071,304		—			(468,716	)
Direxion Daily TSLA Bear 1X Shares		—		—		46,546,118		—		—		2,709,767		—			—
Direxion Daily Concentrated Qs Bear 1X Shares		—		—		4,987,772		—		—		—		—			(216,930	)
Direxion Daily Crypto Industry Bear 1X Shares		—		—		3,305,673		—		—		236,777		—			(3,297	)
Direxion Daily AAPL Bull 2X Shares		—		22,641,944		116,061,275		—		—		7,561,269		—			(1,558,696	)
Direxion Daily AMZN Bull 2X Shares		—		31,526,324		149,784,897		—		—		523,698		—			(2,144,011	)
Direxion Daily GOOGL Bull 2X Shares		—		18,934,757		95,272,970		—		—		4,449,021		—			(8,091,079	)
Direxion Daily META Bull 2X Shares		—		3,192,757		18,519,514		—		—		—		—			(1,643,541	)
Direxion Daily MSFT Bull 2X Shares		—		19,495,110		87,591,016		—		—		2,664,265		—			(2,776,575	)
Direxion Daily NVDA Bull 2X Shares		—		68,144,841		391,108,219		—		—		29,732,696		—			(41,988,715	)
Direxion Daily TSLA Bull 2X Shares		—		184,484,511		1,496,368,713		—		—		169,764,268		—			(74,865,976	)
Direxion Daily CSI 300 China A Share Bull 2X Shares		23,757,889		—		32,370,103		—		—		383,502		—			(103,129	)
Direxion Daily CSI China Internet Index Bull 2X Shares		145,950,473		—		133,811,249		—		—		3,252,841		—			(1,711,679	)
Direxion Daily S&P 500^® Bull 2X Shares		—		120,685,805		2,145,241		—		—		16,775,299		—			—
Direxion Daily MSCI Brazil Bull 2X Shares		50,016,242		—		71,515,675		—		—		—		—			(16,412,247	)
Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares		1,480,509		—		1,453,897		—		—		—		—			(77,672	)
Direxion Daily MSCI India Bull 2X Shares		55,930,410		—		53,044,718		—		—		19,478,104		—			—
Direxion Daily AI and Big Data Bull 2X Shares		—		5,845,303		666,327		—		—		221,684		—			(44,921	)
Direxion Daily AI and Big Data Bear 2X Shares		—		—		2,338,199		—		—		—		—			(92,891	)
Direxion Daily Cloud Computing Bull 2X Shares		—		3,413,403		928,238		—		—		—		—			(115,676	)
Direxion Daily Concentrated Qs Bull 2X Shares		6,673,680		—		9,184,642		—		—		472,617		—			(296,855	)
Direxion Daily Crypto Industry Bull 2X Shares		—		1,611,752		666,575		—		—		—		—			(231,575	)
Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares		—		4,168,568		1,601,712		—		—		304,511		—			(116,692	)
Direxion Daily Energy Bull 2X Shares		—		236,669,971		115,888,790		—		—		37,510,674		—			—
Direxion Daily Energy Bear 2X Shares		—		—		19,767,680		—		—		274,427		—			(474,838	)
Direxion Daily Gold Miners Index Bull 2X Shares		311,981,684		—		256,186,471		—		—		151,688,899		—			—
Direxion Daily Gold Miners Index Bear 2X Shares		—		—		107,590,765		—		—		249,069		—			(13,107,718	)
Direxion Daily Junior Gold Miners Index Bull 2X Shares		101,388,766		—		208,285,164		—		—		94,721,170		—			—
Direxion Daily Junior Gold Miners Index Bear 2X Shares		—		—		65,898,110		—		—		706,914		—			(8,383,963	)
Direxion Daily NYSE FANG+ Bull 2X Shares		—		29,397,314		34,910,576		—		—		10,609,512		—			(529,197	)
Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares		15,483,407		—		15,208,316		—		—		2,552,811		—			—
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares		—		220,484,132		180,510,943		—		—		40,230,216		—			—


	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 S&P Oil & Gas Exp. & Prod. Bear 2X Shares		—		—		46,666,938		—		—		1,853,128		—		(2,291,735	)
Direxion Daily Travel & Vacation Bull 2X Shares		—		6,823,510		2,148,285		—		—		—		—		(258,214	)
Direxion Daily Uranium Industry Bull 2X Shares		—		1,018,956		1,513,561		—		—		—		—		(218,316	)
Direxion Daily Mid Cap Bull 3X Shares		—		75,311,190		34,301,603		—		—		15,473,662		—		—
Direxion Daily S&P 500^® Bull 3X Shares		—		3,387,235,667		1,120,465,352		—		21,561,453		865,080,493		—		—
Direxion Daily S&P 500^® Bear 3X Shares		—		—		534,705,700		—		—		—		—		(44,691,016	)
Direxion Daily Small Cap Bull 3X Shares		2,146,059,186		—		906,416,545		—		—		387,653,051		—		—
Direxion Daily Small Cap Bear 3X Shares		—		—		449,003,380		—		—		—		—		(65,314,453	)
Direxion Daily FTSE China Bull 3X Shares		414,104,304		—		432,001,982		—		—		129,106,063		—		(38,871,574	)
Direxion Daily FTSE China Bear 3X Shares		—		—		138,367,755		—		—		13,729,591		—		(1,882,415	)
Direxion Daily FTSE Europe Bull 3X Shares		12,443,974		—		9,969,481		—		—		2,396,245		—		—
Direxion Daily MSCI Emerging Markets Bull 3X Shares		5,502,925		—		74,570,964		—		—		14,303,222		—		—
Direxion Daily MSCI Emerging Markets Bear 3X Shares		—		—		18,466,595		—		—		145,531		—		(725,614	)
Direxion Daily MSCI Mexico Bull 3X Shares		11,439,817		—		16,173,785		—		—		—		—		(1,767,209	)
Direxion Daily MSCI South Korea Bull 3X Shares		21,367,142		—		15,219,993		—		—		4,084,697		—		(137,584	)
Direxion Daily Aerospace & Defense Bull 3X Shares		—		115,176,202		65,414,766		—		—		33,508,589		—		(1,796,524	)
Direxion Daily Consumer Discretionary Bull 3X Shares		—		17,489,964		6,207,015		—		—		2,015,200		—		—
Direxion Daily Dow Jones Internet Bull 3X Shares		—		96,969,082		40,392,756		—		—		6,162,154		—		—
Direxion Daily Dow Jones Internet Bear 3X Shares		—		—		16,123,789		—		—		745,950		—		(239,880	)
Direxion Daily Financial Bull 3X Shares		—		1,596,449,335		863,894,065		—		—		484,494,792		—		—
Direxion Daily Financial Bear 3X Shares		—		—		134,915,607		—		—		—		—		(25,554,315	)
Direxion Daily Healthcare Bull 3X Shares		—		156,894,713		43,782,708		—		—		32,940,748		—		(79,460	)
Direxion Daily Homebuilders & Supplies Bull 3X Shares		—		210,832,821		166,297,520		—		—		128,329,543		—		—
Direxion Daily Industrials Bull 3X Shares		—		25,628,470		7,008,882		—		—		6,334,896		—		—
Direxion Daily Pharmaceutical & Medical Bull 3X Shares		—		12,375,200		5,059,988		—		—		1,866,673		—		—
Direxion Daily Real Estate Bull 3X Shares		—		59,713,736		30,175,345		—		—		14,264,947		—		—
Direxion Daily Real Estate Bear 3X Shares		—		—		78,698,800		—		—		—		—		(5,602,094	)
Direxion Daily Regional Banks Bull 3X Shares		—		776,551,418		204,075,679		—		—		328,458,219		—		—
Direxion Daily Retail Bull 3X Shares		—		33,395,697		17,444,590		—		—		9,695,597		—		—
Direxion Daily S&P 500^® High Beta Bull 3X Shares		—		38,681,218		6,116,254		—		—		4,908,717		—		—
Direxion Daily S&P 500^® High Beta Bear 3X Shares		—		—		30,408,550		—		—		—		—		(3,564,003	)
Direxion Daily S&P Biotech Bull 3X Shares		—		686,674,144		410,267,940		—		—		323,707,513		—		—
Direxion Daily S&P Biotech Bear 3X Shares		—		—		166,762,197		—		—		3,895,030		—		(11,886,170	)
Direxion Daily Semiconductor Bull 3X Shares		—		8,445,830,441		2,238,482,922		—		—		1,307,786,038		—		—
Direxion Daily Semiconductor Bear 3X Shares		—		—		689,346,653		—		—		46,429,168		—		(95,850,912	)
Direxion Daily Technology Bull 3X Shares		—		2,219,724,107		701,741,540		—		—		595,470,040		—		—
Direxion Daily Technology Bear 3X Shares		—		—		102,076,911		—		—		5,956,985		—		(2,767,108	)
Direxion Daily Transportation Bull 3X Shares		—		15,461,474		5,361,660		—		—		207,964		—		(61,222	)
Direxion Daily Utilities Bull 3X Shares		—		35,200,063		10,394,928		—		—		12,520,033		—		—
Direxion Daily 7-10 Year Treasury Bull 3X Shares		37,345,195		—		16,512,330		—		—		2,118,415		—		—
Direxion Daily 7-10 Year Treasury Bear 3X Shares		—		—		16,867,410		—		—		96,962		—		(632,981	)
Direxion Daily 20+ Year Treasury Bull 3X Shares		4,207,925,114		—		1,851,651,334		—		—		429,034,328		—		(4,641,723	)
Direxion Daily 20+ Year Treasury Bear 3X Shares		—		—		209,196,370		—		—		7,035,564		—		(424,321	)

Direxion Shares ETF Trust NPORT-PDirexion Work From Home ETF (Jul 2024 report)