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Strategic Weight ETFs

WWOW

The Direxion World Without Waste ETF seeks investment results, before fees and expenses, that track the Indxx US Circular Economy Index. There is no guarantee that the fund will achieve its stated investment objective.

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Overview

 

The Direxion World Without Waste ETF provides exposure to 50 companies, across five sub-themes, which are representative of the transformative shift from linear to circular economic models. The circular economy framework is one that is regenerative, restorative, and focused on systematic resourcefulness. The principles of the circular economy can be found across many sectors and industries today. From renewable electricity and specialty chemicals, to systems software and internet services and infrastructure, all are less harmful to the environment, while providing sustainable economic growth.

  • Five sub-themes include Sustainability of Resources, Sharing Platforms, Resource Recovery, Product as a Service, and Life Cycle Extension.
  • Seeks to capture the environmental and economic benefits associated with companies operating within the circular economic framework.
  • May be considered a satellite holding to complement other broader positions within a portfolio where it may offer strong growth potential.

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Target Index

The Indxx US Circular Economy Index (IUSCEI) tracks the performance of 50 US-listed companies that are representative of the transformative shift from the linear model of economy to a circular one. The index includes five sub-themes central to the circular economy, providing investors access to the shifting paradigm in growing segments such as biofuels, solar power, and waste management, along with collaboration and content sharing platforms. Companies that cumulatively derive revenue greater than, or equal to, 50% from categories comprising a sub-theme, are ‘pure-play’ companies. All of the ‘pure-play’ companies from the sub-themes will form the selection list. The top 10 companies from each sub-theme, by largest total market capitalization, will form the final index. One cannot directly invest in an index.

Index Holdings & Weightings

Top Ten Holdings %

Jumia Technologies 8.39
Enphase Energy 6.94
Tesla 6.76
Etsy Inc 4.55
Snap Inc 3.40
Mercadolibre 3.15
Shopify Subinate Voting – Cl A 3.03
Spotify Technology Sa 2.78
First Solar 2.49
Okta – Cl A 2.48

Sector Holdings %

Information Technology 35.19
Consumer Discretionary 24.72
Industrials 14.61
Communication Services 14.21
Utilities 3.96
Materials 3.85
Health Care 2.32
Consumer Staples 1.14

Country Holdings %

United States 80.67
Germany 8.39
Argentina 3.15
Canada 3.03
Luxembourg 2.78
United Kingdom 1.98

Source: Bloomberg. Index holdings and weightings are net and as of 12/31/2020 and subject to change.

 

Key Characteristics of the Circular Economy

Transforming Economic Output. Building Greater Sustainability.

 

What's in WWOW?


Pricing & Performance

NAV and Market Price information as of Invalid date. Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.




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