Direxion Moonshot Innovators ETF
The Direxion Moonshot Innovators ETF seeks investment results, before fees and expenses, that track the S&P Kensho Moonshots Index. There is no guarantee that the fund will achieve its stated investment objective.
MOON
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- 01/23/2024
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The Direxion Moonshot Innovators ETF offers exposure to the 50 most innovative US companies at the forefront of changing our lives today, and tomorrow, by identifying the companies both pursuing innovation, and having the potential to disrupt existing technologies and/or industries. These 50 companies selected for inclusion are deemed to have the highest “early-stage composite innovation scores” and they span themes and emerging sectors such as smart transportation, clean power, and the human evolution. The early stage composite score is based on a company’s “allocation to innovation” and “innovation sentiment” score.
- Allocation to Innovation Score: ranking based on the ratio of its research and development expenses to revenue, as compared to other companies in the same industry.
- Innovation Sentiment Score: conduct a review of a company’s regulatory filings for the previous 12 months for the use of words related to innovation. The Index includes companies utilizing a greater than average variety of innovation terms.
- May be considered a satellite holding to complement other broader positions within a portfolio.
Pricing & Performance
NAV and Market Price information as of 05/20/2024.
Net Asset Value (NAV)
Market Price Closing
1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
---|---|---|---|---|---|---|---|---|---|---|
MOON NAV | -15.73 | -6.22 | -19.10 | -9.21 | -36.40 | — | — | -24.44 | 0.65 / 0.65* | 11/12/2020 |
MOON Market Close | -15.84 | -6.23 | -19.35 | -9.34 | -36.43 | — | — | -24.48 | 0.65 / 0.65* | 11/12/2020 |
As of April 30, 2024
The Primary Listing Exchange is the NYSE Arca, Inc.
*The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Services Agreement with the Fund. Under this Operating Services Agreement, Rafferty has contractually agreed to pay all expenses of the Fund as long as it is the advisor of the Fund other than the following: management fees, Rule 12b-1 distribution and/or service fees, taxes, swap financing and related costs, dividends or interest on short positions, other interest expenses, brokerage commissions, expenses incurred in connection with any merger or reorganization, acquired fund fees and expenses, and extraordinary expenses. If these expenses were included, the expense ratio would be higher.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the fund’s website at direxion.com.
Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.
Index Information
The S&P Kensho Moonshots Index (KMOON) is comprised of 50 U.S. companies that pursue innovative technologies that have the potential to disrupt existing technologies and/or industries (i.e., moonshot innovators) and are considered to have the highest “early-stage composite innovation scores” which is determined based off a natural language processing review of the constituent company’s latest annual regulatory filing for the use of words and phrases that are related to innovation. The Index is modified equal-weighted, reconstituted annually, and rebalanced semi-annually. One cannot invest directly in an index.
Index Top Ten Holdings
% of Total | |
---|---|
Avidity Biosciences | 6.62% |
4D Molecular Therapeutics Inc | 4.60% |
Coinbase Global | 4.05% |
Robinhood Markets | 3.67% |
Rumble Inc | 3.62% |
Allogene Therapeutics Inc | 3.59% |
Recursion Pharmaceuticals | 2.76% |
Couchbase | 2.72% |
Squarespace | 2.66% |
Ehang Holdings Ltd | 2.48% |
Index Sector Weightings
% of Total | |
---|---|
Information Technology | 32.07% |
Health Care | 29.17% |
Industrials | 11.58% |
Financials | 11.25% |
Communication Services | 8.95% |
Consumer Discretionary | 5.14% |
Materials | 1.84% |
Gain Exposure to Innovative Sub-Themes
The Direxion Moonshot Innovators ETF offers exposure to the most innovative companies at the forefront of radical themes that are changing the way we live our lives today, and tomorrow.
Sub-Sector | Weight (%) |
Biotechnology | 27.77 |
Application Software | 12.17 |
IT Services | 8.48 |
Capital Markets | 7.72 |
Interactive Media & Services | 6.99 |
Electronic Equipment, Instruments & Components | 5.18 |
Aerospace & Defense | 3.99 |
Semiconductors & Semiconductor Equipment | 3.81 |
Consumer Finance | 3.52 |
Electrical Equipment | 2.64 |
Technology Hardware, Storage & Peripherals | 2.42 |
Broadline Retail | 2.21 |
Machinery | 2.18 |
Entertainment | 1.96 |
Chemicals | 1.84 |
Professional Services | 1.80 |
Automobile Components | 1.56 |
Health Care Equipment & Supplies | 1.42 |
Automobiles | 1.36 |
Commercial Services & Supplies | 0.98 |
Source: S&P Kensho Indices as of 03/31/2024.
Distributions
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | Expand |
---|---|---|---|---|---|---|
03/20/2024 | 03/19/2024 | 03/26/2024 | 0.03473 | — | — | |
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.01561 | — | — | |
09/20/2023 | 09/19/2023 | 09/26/2023 | 0.13011 | — | — | |
06/22/2023 | 06/21/2023 | 06/28/2023 | 0.01499 | — | — | |
Record Date03/20/2024 Ex Date03/19/2024 Pay Date03/26/2024 Income Dividend0.03473 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/22/2023 Ex Date12/21/2023 Pay Date12/29/2023 Income Dividend0.01561 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/20/2023 Ex Date09/19/2023 Pay Date09/26/2023 Income Dividend0.13011 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/22/2023 Ex Date06/21/2023 Pay Date06/28/2023 Income Dividend0.01499 Short-Term Capital Gain— Long-Term Capital Gain— |
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Operational Updates
- 01/23/2024
Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
Set Up Your ETF Alerts Today
Documents & Downloads
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