# EDGAR Filing Document

**Accession Number:** 0001424958
**File Stem:** 0001145549-25-044649
**Filing Date:** 2025-6
**Character Count:** 58103
**Document Hash:** 39dc777b0f9156e906f1b69254f0c8a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044649.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044649

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Direxion Shares ETF Trust
- **CENTRAL INDEX KEY:** 0001424958

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22201
- **FILM NUMBER:** 251087493

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS (6TH AVENUE)
- **STREET 2:** 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 646-572-3390

**MAIL ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS (6TH AVENUE)
- **STREET 2:** 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Direxion ETF Trust
- **DATE OF NAME CHANGE:** 20080124

## Series and Classes Contracts Data

### Direxion Daily Regional Banks Bull 3X Shares (Series ID: S000029341)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000090184 | Direxion Daily Regional Banks Bull 3X Shares | DPST            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Direxion Shares ETF Trust

- **b. Investment Company Act file number:** 811-22201

- **c. CIK number of Registrant:** 0001424958

- **d. LEI of Registrant:** 549300M501IVJM50FG12

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1301 Avenue of the Americas (6th Avenue)

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 646-572-3390

**Item A.2. Information about the Series.**

- **a. Name of Series:** Direxion Daily Regional Banks Bull 3X Shares

- **b. EDGAR series identifier (if any):** S000029341

- **c. LEI of Series:** 549300XWNNU2E9NV0884

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $556132684.14

**Total Liabilities:** $18522368.00

**Net Assets:** $537610316.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000090184 | -11.41%              | -23.83%              | -21.64%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10262957.21             | $-27842170.02                              |
| Month 2  | $-15413568.34            | $-26169871.46                              |
| Month 3  | $-22746390.62            | $-1806558.84                               |

### Schedule of Portfolio Investments

| Name                                        | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amalgamated Financial Corp.                 | AMALGAMATED FINANCIAL CORP                                          | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31368 | NS      | $883322.88    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerant Bancorp Inc.                        | Amerant Bancorp Inc. COM USD0.10 CL A                               | CUSIP: 023576101<br>LEI: 54930071V6LIG79MTL10 | Long             | EC               | CORP              | US        |     28714 | NS      | $483543.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp COM USD1                                             | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     56134 | NS      | $3289452.40   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                        | Associated Banc-Corp COM USD0.01                                    | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    222517 | NS      | $4908725.02   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp              | Atlantic Union Bankshares Corp COM USD1.33                          | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134336 | NS      | $3721107.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                          | AXOS FINANCIAL INC                                                  | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     57806 | NS      | $3669524.88   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                          | BOK Financial Corp COM USD0.00006                                   | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |     20023 | NS      | $1865542.91   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp.                             | BancFirst Corp. COM USD1                                            | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |     14528 | NS      | $1711688.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc                                 | Bancorp Inc COM NPV                                                 | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58549 | NS      | $2828502.19   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                     | Banc Of California Inc COM USD0.01                                  | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    285174 | NS      | $3844145.52   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp.                        | Bank of Hawaii Corp. COM USD0.01                                    | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     50234 | NS      | $3320969.74   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK Little Rock Arkansas               | Bank OZK Little Rock Arkansas COM USD0.01                           | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    167085 | NS      | $7117821.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| BankUnited Inc.                             | BankUnited Inc. COM USD0.01                                         | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    103571 | NS      | $3387807.41   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                 | Banner Corp COM USD0.01                                             | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31972 | NS      | $1954768.08   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp, Inc.               | Berkshire Hills Bancorp, Inc. COM USD0.01                           | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     55666 | NS      | $1382186.78   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp, Inc.                     | Brookline Bancorp, Inc. COM USD0.01                                 | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83339 | NS      | $870059.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp Inc                          | Byline Bancorp Inc COM USD0.01                                      | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |     17232 | NS      | $440105.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CVB Financial                               | CVB Financial COM NPV                                               | CUSIP: 126600105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120924 | NS      | $2241930.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                | Cadence Bank COM                                                    | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    162665 | NS      | $4759577.90   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden National Corp.                       | Camden National Corp. COM NPV                                       | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |     10051 | NS      | $387164.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Fed Fin In                          | CAPITOL FEDERAL FINANCIAL IN                                        | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101483 | NS      | $575408.61    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                      | Cathay General Bancorp COM USD0.01                                  | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     49104 | NS      | $2047145.76   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.             | Central Pacific Financial Corp. COM NEW                             | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     25712 | NS      | $660541.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                | Citizens Financial Group Inc COM USD0.01                            | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    269992 | NS      | $9960004.88   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                             | City Holding Co COM USD2.50                                         | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7134 | NS      | $826616.58    | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Coastal Financial Corp.                     | Coastal Financial Corp. COM NPV                                     | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     14796 | NS      | $1215491.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.                | Columbia Banking System Incorporation COM NPV                       | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    212530 | NS      | $4764922.60   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Financial Inc.                     | COLUMBIA FINANCIAL INC                                              | CUSIP: 197641103<br>LEI: 254900B9UDXFOJAZKN61 | Long             | EC               | CORP              | US        |     12464 | NS      | $167890.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Commerce Bancshares Inc                     | Commerce Bancshares Inc COM USD5                                    | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73877 | NS      | $4487288.98   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc              | Community Bank System Inc COM USD1                                  | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     29989 | NS      | $1637099.51   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp Inc                 | Comm Tr Bancorp COM USD5                                            | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8543 | NS      | $418265.28    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Connectone Bancorp Inc.                     | Connectone Bancorp Inc. COM NPV                                     | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     27081 | NS      | $610134.93    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                  | Cullen/Frost Bankers, Inc. COM USD0.01                              | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     57095 | NS      | $6649854.65   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                     | Customers Bancorp, Inc. COM USD1                                    | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     41715 | NS      | $2085750.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.              | Dime Community Bancshares Inc. COM                                  | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42985 | NS      | $1104284.65   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                           | Eagle Bancorp Inc COM USD0.01                                       | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     42822 | NS      | $768654.90    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                       | East West Bancorp Inc COM USD0.001                                  | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127899 | NS      | $10941759.45  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                      | Eastern Bankshares Inc COM                                          | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    140126 | NS      | $2090679.92   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.         | Enterprise Financial Services Corp. COM USD0.01                     | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     22271 | NS      | $1158537.42   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc              | ESQUIRE FINANCIAL HOLDINGS I                                        | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8940 | NS      | $741304.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                   | F N B Corp (Pennsylvania) COM USD0.01                               | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    357053 | NS      | $4673823.77   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                          | FB Financial Corp. COM USD1.00                                      | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     23534 | NS      | $1001607.04   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp Puerto Rico                   | First Bancorp Puerto Rico COM USD1                                  | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    137669 | NS      | $2703819.16   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp. Inc.                         | 1ST Bancorp NC COM NPV                                              | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24872 | NS      | $1006321.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corporation                     | First Busey Corporation COM USD0.001                                | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |     45588 | NS      | $947774.52    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp PA        | First Commonwealth Financial Corp PA COM USD1                       | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     83496 | NS      | $1279158.72   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp.                    | First Financial Bancorp. COM NPV                                    | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     56207 | NS      | $1301192.05   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc              | First Financial Bankshares Inc COM USD0.01                          | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     65758 | NS      | $2203550.58   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Corp.                       | First Financial Corp. (Indiana) COM NPV                             | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6779 | NS      | $334882.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc.                       | FIRST FOUNDATION INC                                                | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |     75715 | NS      | $380089.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                   | First Horizon Corporation COM USD0.625                              | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    583370 | NS      | $10547329.60  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc.                         | First Hawaiian Inc. COM USD0.01                                     | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     98436 | NS      | $2250246.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate Bancsystem Inc.            | First Interstate Bancsystem Inc. COM NPV CL 'A'                     | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     87582 | NS      | $2294210.49   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation                 | First Merchants Corporation COM NPV                                 | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     31944 | NS      | $1138484.16   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corporation                      | 1st Source Corporation COM NPV                                      | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9957 | NS      | $596922.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp.                    | Flushing Financial Corp. COM USD0.01                                | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42233 | NS      | $505529.01    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corporation                | Fulton Financial Corporation COM USD2.50                            | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    166208 | NS      | $2772349.44   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                        | Glacier Bancorp Inc. COM USD0.01                                    | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     87608 | NS      | $3570902.08   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Southern Bancorp Inc.                 | Great Southern Bancorp Inc. COM USD0.01                             | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |      4477 | NS      | $246235.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                 | Hancock Whitney Corporation COM USD3.33                             | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     88589 | NS      | $4614601.01   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp.                       | Hanmi Financial Corp. COM USD0.001                                  | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     28794 | NS      | $658518.78    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Harborone Bancorp Inc New                   | Harborone Bancorp Inc New COM USD0.01                               | CUSIP: 41165Y100<br>LEI: 549300CNOEY2QUB7F917 | Long             | EC               | CORP              | US        |     22497 | NS      | $254666.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp.                     | Heritage Commerce Corp. COM NPV                                     | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     47718 | NS      | $431370.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp.                    | Heritage Financial COM NPV                                          | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25599 | NS      | $584169.18    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                        | Hilltop Holdings Inc COM STK USD0.01                                | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     50466 | NS      | $1490260.98   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution for Savings             | HINGHAM INSTITUTION FOR SVGS                                        | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |      1841 | NS      | $459439.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Home BancShares Inc.                        | Home BancShares Inc. COM USD0.01                                    | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138882 | NS      | $3853975.50   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                            | Hope Bancorp Inc COM USD0.001                                       | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     93144 | NS      | $928645.68    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Bancorp Inc.                        | Horizon Bancorp Inc. COM USD0.01                                    | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     21457 | NS      | $314988.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated          | Huntington Bancshares Incorporated COM USD0.01                      | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    750965 | NS      | $10911521.45  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                      | Independent Bank Corp. COM USD0.01                                  | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     35628 | NS      | $2105258.52   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp Michigan              | Independent Bank Corp Michigan COM USD1                             | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16216 | NS      | $493939.36    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp               | International Bancshares Corp COM USD1                              | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |     34820 | NS      | $2125412.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kearny Financial Corp.                      | KEARNY FINANCIAL CORP/MD                                            | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46285 | NS      | $289744.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp.                    | Lakeland Financial Corp. COM NPV                                    | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16197 | NS      | $901686.99    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                     | Live Oak Bancshares Inc COM NPV                                     | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32721 | NS      | $855326.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                        | M&T Bank Corporation COM USD0.50                                    | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     63500 | NS      | $10779760.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp.                       | Mercantile Bank Corp. COM NPV                                       | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |      9737 | NS      | $411972.47    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                      | Pathward Financial Inc COM USD0.01                                  | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     26889 | NS      | $2134179.93   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp              | Metropolitan Bank Holding Corp COM USD0.01                          | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11791 | NS      | $730216.63    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc.                 | Midland States Bancorp Inc. COM USD0.01                             | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |     13988 | NS      | $227724.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                             | NBT Bancorp Inc COM USD0.01                                         | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28569 | NS      | $1209611.46   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| National Bank Holdings Corp                 | National Bank Holdings Corp COM USD0.01                             | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26437 | NS      | $955961.92    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NB Bancorp Inc.                             | NB BANCORP INC                                                      | CUSIP: 63945M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29541 | NS      | $506628.15    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial, Inc.                    | NEW YORK COMMUNITY BANCORP                                          | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    659353 | NS      | $7721023.63   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicolet Bankshares Inc.                     | Nicolet Bankshares Inc. COM USD0.01                                 | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6735 | NS      | $786715.35    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                              | NORTHEAST BANK                                                      | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      6629 | NS      | $549013.78    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northfield Bancorp Inc.                     | NORTHFIELD BANCORP INC                                              | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24599 | NS      | $259519.45    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Bancshares Inc                    | Northwest Bancshares Inc COM USD0.01                                | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94221 | NS      | $1163629.35   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                 | OFG Bancorp COM USD1                                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     47698 | NS      | $1876916.30   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp.                  | OceanFirst Financial Corp. COM USD0.01                              | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40964 | NS      | $678363.84    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                        | Old National Bancorp COM NPV                                        | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    398667 | NS      | $8208553.53   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp Inc.                     | Old Second Bancorp Inc. COM USD1                                    | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |     33955 | NS      | $536149.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                          | Origin Bancorp Inc. COM USD5                                        | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     21635 | NS      | $693185.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Orrstown Financial Services Inc.            | ORRSTOWN FINL SERVICES INC                                          | CUSIP: 687380105<br>LEI: 5493008IR3FINUFGVM95 | Long             | EC               | CORP              | US        |     16504 | NS      | $494624.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                 | Pacific Premier Bancorp Inc COM USD0.01                             | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     78872 | NS      | $1604256.48   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                          | Park National Corp COM NPV                                          | CUSIP: 700658107<br>LEI: 5493001T01TDELV5OO63 | Long             | EC               | CORP              | US        |      7667 | NS      | $1150816.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Corp.           | Peapack-Gladstone Financial Corp. COM NPV                           | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     12030 | NS      | $332990.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Bancorp Inc. (Maryland)             | Peoples Bancorp Inc. COM NPV                                        | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18706 | NS      | $542661.06    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc.            | Pinnacle Financial Partners Inc COM USD1.00                         | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     73558 | NS      | $7373453.92   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                               | Popular, Inc. COM USD0.01                                           | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     70947 | NS      | $6769762.74   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                              | Preferred Bank COM STK NPV                                          | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     11962 | NS      | $955285.32    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                   | Prosperity Bancshares Inc COM USD1                                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71188 | NS      | $4833665.20   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc.           | PROVIDENT FINANCIAL SERVICES                                        | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     83344 | NS      | $1364341.28   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc.                           | QCR Holdings Inc. COM USD1                                          | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     11442 | NS      | $743157.90    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation               | Regions Financial Corporation COM STK USD0.01                       | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    518828 | NS      | $10589279.48  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                              | Renasant Corporation COM USD5                                       | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     72015 | NS      | $2309521.05   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                             | S&T Bancorp Inc COM USD2.50                                         | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22772 | NS      | $829811.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida     | Seacoast Banking Corporation Of Florida COM USD0.10                 | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     53807 | NS      | $1275763.97   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares, Inc.                | ServisFirst Bancshares, Inc. COM USD0.001                           | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31828 | NS      | $2266790.16   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp                 | Simmons First National Corp CLASS'A'COM USD1                        | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     80744 | NS      | $1506683.04   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                            | SouthState Corporation COM USD2.5                                   | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     91719 | NS      | $7959374.82   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares Inc.                   | Southside Bancshares Inc. COM USD1.25                               | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     15291 | NS      | $431053.29    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                         | Stellar Bancorp Inc COM                                             | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     21422 | NS      | $534693.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc.                    | STOCK YARDS BANCORP INC                                             | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |     15158 | NS      | $1103350.82   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                     | Synovus Financial Corp. COM USD1.00                                 | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |    197724 | NS      | $8565403.68   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TFS Financial Corp                          | TFS FINANCIAL CORP                                                  | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39439 | NS      | $511129.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.              | Texas Capital Bancshares, Inc. COM USD0.01                          | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     59852 | NS      | $4078913.80   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp.                    | Tompkins Financial Corp. COM USD0.10                                | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |      7127 | NS      | $424769.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TowneBank (Portsmouth Virginia)             | TowneBank (Portsmouth Virginia) COM STK NPV                         | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     29941 | NS      | $986555.95    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                            | TriCo Bancshares COM NPV                                            | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15307 | NS      | $590544.06    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                       | Triumph Financial Inc COM USD0.01                                   | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     23526 | NS      | $1256758.92   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                      | Truist Financial Corporation COM                                    | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    274260 | NS      | $10515128.40  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustco Bank Corp NY                        | TRUSTCO BANK CORP NY                                                | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13283 | NS      | $404467.35    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp                              | Trustmark Corp COM NPV                                              | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |     39678 | NS      | $1331196.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                         | UMB Financial Corp. COM USD1                                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     77725 | NS      | $7350453.25   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc.(South Carolina) | United Community Banks Inc COM CAP USD1                             | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     89546 | NS      | $2472365.06   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc                       | United Bankshares Inc COM USD2.50                                   | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     80920 | NS      | $2774746.80   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corp.                     | Univest Financial Corp. COM USD5                                    | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     14528 | NS      | $429157.12    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                    | Valley National Bancorp COM NPV                                     | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |   1137059 | NS      | $9778707.40   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Hldgs Inc                           | Veritex Hldgs Inc COM USD0.01                                       | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     56137 | NS      | $1306869.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corporation                  | WSFS FINANCIAL CORP                                                 | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     38883 | NS      | $2004418.65   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                                    | Washington Federal Inc COM USD1                                     | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70243 | NS      | $2004032.79   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp Inc.               | Washington Trust Bancorp Inc. COM USD0.0625                         | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     26458 | NS      | $730240.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                     | Webster Financial Corp. COM USD0.01                                 | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    134681 | NS      | $6370411.30   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                                | Wesbanco Inc COM USD2.0833                                          | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66732 | NS      | $1987278.96   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica Bancorp                         | Westamerica Bancorp COM NPV                                         | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15394 | NS      | $745531.42    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                    | Western Alliance Bancorporation COM USD0.0001                       | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |    144150 | NS      | $10048696.50  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation              | Wintrust Financial Corporation COM NPV                              | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     66758 | NS      | $7421486.86   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank  | Zions Bancorporation Natl Assn Global Bank COM USD0.001             | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |    201085 | NS      | $9042792.45   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE              | DREYFUS GOV'T CASH MGMT -INSTITUTIONAL CUSIP 262006208 DGCXX (#289) | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  77950454 | PA      | $77950454.05  | 14.50%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN FINANCIAL                           | GOLDMAN FINL SQ TRSRY INST 506                                      | CUSIP: N/A<br>LEI: 549300DAH6N80PM31E83       | Long             | STIV             | RF                | US        | 106476918 | PA      | $106476917.52 | 19.81%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | S&P REGIONAL BANKS SELECT INDUSRTY INDEX SWAP                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $11892279.94  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | S&P REGIONAL BANKS SELECT INDUSRTY INDEX SWAP                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $4198892.77   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | S&P REGIONAL BANKS SELECT INDUSRTY INDEX SWAP                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-14343488.62 | -2.67%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | S&P REGIONAL BANKS SELECT INDUSRTY INDEX SWAP                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-30358275.77 | -5.65%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | S&P REGIONAL BANKS SELECT INDUSRTY INDEX SWAP                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-37340144.35 | -6.95%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | S&P REGIONAL BANKS SELECT INDUSRTY INDEX SWAP                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-23046537.04 | -4.29%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | S&P REGIONAL BANKS SELECT INDUSRTY INDEX SWAP                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $-24565092.30 | -4.57%            |  |  |  | No            |                  2 | On Loan: No      |
| DREYFUS                                     | DREYFUS TRSRY SECURITIES CASH MGMT                                  | CUSIP: S99991620<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  73231332 | PA      | $73231332.35  | 13.62%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS LIQ ES FD A                   | GOLDMAN SACHS FIN GOV 465 INSTITUT                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  50907384 | PA      | $50907383.50  | 9.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

**Name of Applicant:** Direxion Shares ETF Trust

**Signature:** Patrick Rudnick

**Name of Signer:** Patrick Rudnick

**Title:** Principal Executive Officer