SOXL
Direxion Daily Semiconductor Bull 3X Shares
Direxion
Seeks 3x the DAILY return of the ICE Semiconductor Index (the same ~30-name US semi universe as SOXX). Achieves leverage through index swaps held against a large treasury/cash collateral sleeve — it is a short-hold trading instrument with a daily reset, not a buy-and-hold fund.
What to know about this record
- Levered — Leverage is material to outcomes, including on the downside.
- Concentrated — Top disclosed positions are 50%+ of the disclosed book.
Size$19.47B
TypeETF
Top holdingICE Semiconductor Index swaps · 13.5%
Positions
Top holdings
14%
30%
51%
ICE Semiconductor Index swaps14%Treasury / government cash management funds30%MU6%Other51%
IS
ICE Semiconductor Index swaps
13.5%Total-return swaps with multiple counterparties provide the 3x exposure
TG
Treasury / government cash management funds
30%Dreyfus/Goldman money-market collateral backing the swaps
MUMicron Technology
5.7%Direct-equity sleeve; a top driver of the underlying index
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QAI analysis
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