# EDGAR Filing Document

**Accession Number:** 0001040587
**File Stem:** 0001193125-26-190472
**Filing Date:** 2026-4
**Character Count:** 43456
**Document Hash:** ecd2fb6db6af807916e95e8e93d5ef2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-190472.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001193125-26-190472

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIREXION FUNDS
- **CENTRAL INDEX KEY:** 0001040587

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08243
- **FILM NUMBER:** 26913028

**BUSINESS ADDRESS:**
- **STREET 1:** 535 MADISON AVENUE
- **STREET 2:** 37TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 646-572-3390

**MAIL ADDRESS:**
- **STREET 1:** 535 MADISON AVENUE
- **STREET 2:** 37TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** POTOMAC FUNDS
- **DATE OF NAME CHANGE:** 19970606

## Series and Classes Contracts Data

### HILTON TACTICAL INCOME FUND (Series ID: S000046967)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000146784 | Investor Class      | HCYAX           |
| C000146785 | Institutional Class | HCYIX           |

## 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 Funds

- **b. Investment Company Act file number:** 811-08243

- **c. CIK number of Registrant:** 0001040587

- **d. LEI of Registrant:** TPDM9FF5QV7ZRKBZK142

- **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:** Hilton Tactical Income Fund

- **b. EDGAR series identifier (if any):** S000046967

- **c. LEI of Series:** 549300S0Y75P1B7DHH79

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $136703854.34

**Total Liabilities:** $179604.50

**Net Assets:** $136524249.84

**Cash Not Reported:** $22178.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146784 | -0.02%               | 1.15%                | 1.42%                |
| Class ID C000146785 | -0.05%               | 1.17%                | 1.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $259876.31               | $-910509.69                                |
| Month 2  | $-50515.98               | $1444223.46                                |
| Month 3  | $834954.53               | $711669.58                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cisco Systems, Inc.                          | Cisco Systems, Inc. COM USD0.001                                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     16370 | NS      | $1300760.20   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                          | Cisco Systems Inc                                                     | CUSIP: 17275RBS0<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    730000 | PA      | $760600.34    | 0.56%             | 2031-02-26      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CME Group Inc.                               | CME Group Inc                                                         | CUSIP: 12572QAL9<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |    605000 | PA      | $616529.72    | 0.45%             | 2030-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                          | Comcast Corp                                                          | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    475000 | PA      | $478605.48    | 0.35%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust        | JPMorgan Income ETF                                                   | CUSIP: 46641Q159<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    116050 | NS      | $5404448.50   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust        | J P MORGAN EXCHANGE TRADED FD NASDAQ EQT PREM                         | CUSIP: 46654Q203<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    122775 | NS      | $7125861.00   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                    | Lennox International Inc                                              | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    590000 | PA      | $610274.72    | 0.45%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                  | Lockheed Martin Corp                                                  | CUSIP: 539830CL1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509506.03    | 0.37%             | 2030-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                        | Lowe's Cos Inc                                                        | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    620000 | PA      | $630781.24    | 0.46%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                         | M&T Bank Corp                                                         | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    515000 | PA      | $532039.19    | 0.39%             | 2031-07-08      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.             | Marsh & McLennan Cos Inc                                              | CUSIP: 571748BG6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    620000 | PA      | $626781.05    | 0.46%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| McCormick & Company, Incorporated            | McCormick & Company, Incorporated COM NPV                             | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      6170 | NS      | $438316.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                             | McDonald's Corporation COM USD0.01                                    | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      3805 | NS      | $1297733.30   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | Merck & Co., Inc COM USD0.50                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      4005 | NS      | $495899.10    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                             | Merck & Co Inc                                                        | CUSIP: 58933YBJ3<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    640000 | PA      | $650428.40    | 0.48%             | 2030-05-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc COM USD0.000006 CL 'A'                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3420 | NS      | $2216775.60   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc                                                    | CUSIP: 30303M8S4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    515000 | PA      | $523551.29    | 0.38%             | 2029-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                 | MetLife Inc                                                           | CUSIP: 59156RBZ0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    675000 | PA      | $691207.09    | 0.51%             | 2030-03-23      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corporation COM USD0.00000625                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      5530 | NS      | $2171852.20   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                       | Motorola Solutions Inc                                                | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    645000 | PA      | $662951.60    | 0.49%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                | NETFLIX INC. 5.875% 28                                                | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    550000 | PA      | $578883.46    | 0.42%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                  | Paychex Inc                                                           | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    615000 | PA      | $628447.53    | 0.46%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Pepsico Inc                                  | PepsiCo Inc                                                           | CUSIP: 713448GH5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    575000 | PA      | $586765.65    | 0.43%             | 2030-07-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                 | Public Storage Operating Co                                           | CUSIP: 74464AAC5<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    630000 | PA      | $640633.71    | 0.47%             | 2030-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics Incorporated               | QUEST DIAGNOSTICS INC                                                 | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      5365 | NS      | $1136897.15   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                    | REALTY INCOME CORP SR GLBL NT 30                                      | CUSIP: 756109BR4<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    570000 | PA      | $588632.09    | 0.43%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                      | Republic Services, Inc. COM USD0.01                                   | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      3800 | NS      | $870200.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                    | Raytheon Technologies Corp                                            | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503313.68    | 0.37%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Siemens AG                                   | Siemens AG                                                            | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      4740 | NS      | $690096.60    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Simplify Exchange Traded Funds               | Simplify MBS ETF                                                      | CUSIP: 82889N525<br>LEI: 549300LDDEMEUCZQEO55 | Long             | EC               | RF                | US        |     96280 | NS      | $4872730.80   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                           | State Street Corp                                                     | CUSIP: 857477CW1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    605000 | PA      | $622145.29    | 0.46%             | 2030-02-28      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Select Sector Spdr Trust                     | Utilities Select Sector SPDR Fund                                     | CUSIP: 81369Y886<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     65255 | NS      | $3114621.15   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                          | Stryker Corp                                                          | CUSIP: 863667BL4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    620000 | PA      | $639941.37    | 0.47%             | 2030-02-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                       | Texas Instruments Inc                                                 | CUSIP: 882508CK8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    605000 | PA      | $618417.99    | 0.45%             | 2030-05-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                 | Thermo Fisher Scientific Inc                                          | CUSIP: 883556DA7<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    760000 | PA      | $785370.04    | 0.58%             | 2029-01-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The TJX Companies Inc.                       | The TJX Companies Inc. COM USD1                                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      8240 | NS      | $1332078.40   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                       | Truist Financial Corporation COM                                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     14335 | NS      | $706858.85    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      2310 | NS      | $865279.80    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                 | Unilever PLC                                                          | CUSIP: 904767803<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     12355 | NS      | $911181.25    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                      | UnitedHealth Group Inc. COM USD0.01                                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1195 | NS      | $350457.65    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                | US Bancorp                                                            | CUSIP: 91159HJW1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    465000 | PA      | $470436.94    | 0.34%             | 2032-01-26      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                 | United States Treasury Note/Bond                                      | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2830000 | PA      | $2897378.31   | 2.12%             | 2029-11-30      | Fixed         | 4.12%                 | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                    | Vanguard Intermediate-Term Corporate Bond ETF                         | CUSIP: 92206C870<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     70960 | NS      | $6011731.20   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                    | Vanguard Intermediate-Term Treasury ETF                               | CUSIP: 92206C706<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     56080 | NS      | $3405738.40   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Whitehall Funds                     | Vanguard International High Dividend Yield ETF                        | CUSIP: 921946794<br>LEI: 5493006QD7VQBS2FQD13 | Long             | EC               | RF                | US        |     70105 | NS      | $7086914.45   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                    | Vanguard Short-Term Corporate Bond ETF                                | CUSIP: 92206C409<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |     25775 | NS      | $2067155.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                 | 3i Group PLC                                                          | CUSIP: 88579N105<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     38635 | NS      | $438507.25    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                          | ABBOTT LABORATORIES                                                   | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      5605 | NS      | $652141.75    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                  | AbbVie Inc                                                            | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    610000 | PA      | $626886.23    | 0.46%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Accenture PLC                                | Accenture PLC CLS'A'USD0.0000225                                      | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      1490 | NS      | $310992.80    | 0.23%             |  |  |  | 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        |      3040 | NS      | $420188.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                              | Eli Lilly & Co. COM NPV                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1170 | NS      | $1230828.30   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co.                         | EMERSON ELECTRIC CO                                                   | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      5240 | NS      | $789930.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                              | EQT Corporation COM NPV                                               | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      5735 | NS      | $352243.70    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage LP                       | Extra Space Storage LP                                                | CUSIP: 30225VAK3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    555000 | PA      | $581086.30    | 0.43%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fanuc Corp.                                  | FANUC Corp                                                            | CUSIP: 307305102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |     30705 | NS      | $695468.25    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust             | FIDELITY COLCHESTER STR TR GOVT PT INSTL                              | CUSIP: 31607A703<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   3513612 | NS      | $3513611.75   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc.                      | Franklin Resources COM USD0.10                                        | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     14755 | NS      | $391597.70    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund             | FT Vest Gold Strategy Target Income ETF                               | CUSIP: 33733E856<br>LEI: 549300MZB4XDLRWOC672 | Long             | EC               | RF                | US        |     94365 | NS      | $2736585.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation                 | General Dynamics Corporation COM USD1.00                              | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1980 | NS      | $706959.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GlaxoSmithKline Capital Inc.                 | GlaxoSmithKline Capital Inc                                           | CUSIP: 377372AP2<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |    655000 | PA      | $670383.47    | 0.49%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs ETF Trust                      | Goldman Sachs S&P 500 Premium Income ETF                              | CUSIP: 38149W622<br>LEI: 549300VEZF7K2ES5WL82 | Long             | EC               | RF                | US        |     83980 | NS      | $4426585.80   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                              | Home Depot Inc COM USD0.05                                            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      3050 | NS      | $1161196.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                 | Honeywell International Inc. COM USD1                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      3230 | NS      | $786795.70    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corporation COM USD0.20               | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2590 | NS      | $622143.90    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corp                                  | CUSIP: 459200LG4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512659.44    | 0.38%             | 2030-02-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                | iShares MBS ETF                                                       | CUSIP: 464288588<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     67295 | NS      | $6521558.45   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp.                                 | ITOCHU Corp                                                           | CUSIP: 465717106<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     53285 | NS      | $767836.85    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Detroit Street Trust                   | Janus Henderson AAA CLO ETF                                           | CUSIP: 47103U845<br>LEI: 5493003MM7OCK5UJW595 | Long             | EC               | RF                | US        |     80060 | NS      | $4033422.80   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                  | PFIZER INC SR GLBL NT3.6% 28                                          | CUSIP: 717081EP4<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    415000 | PA      | $415206.01    | 0.30%             | 2028-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.            | PNC Financial Services Group Inc/The                                  | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    610000 | PA      | $634728.99    | 0.46%             | 2031-01-29      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| The Procter & Gamble Co.                     | PROCTER & GAMBLE CO/THE                                               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      4985 | NS      | $833492.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                                | Prologis Inc. COM USD0.01                                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     10630 | NS      | $1515519.10   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                  | Walmart Inc                                                           | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    635000 | PA      | $648979.64    | 0.48%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                            | Wells Fargo & Company COM USD1.666                                    | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     10675 | NS      | $869478.75    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                               | Welltower OP LLC COM USD1                                             | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      2050 | NS      | $424596.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower OP LLC                             | Welltower OP LLC                                                      | CUSIP: 95041AAF5<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    605000 | PA      | $616457.41    | 0.45%             | 2030-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                | Williams Cos Inc/The                                                  | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    590000 | PA      | $609359.68    | 0.45%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                | WILLIAMS COS INC                                                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     15105 | NS      | $1128645.60   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                  | XYLEM INC                                                             | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      4895 | NS      | $634196.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPS ETF Trust                               | Alerian MLP ETF                                                       | CUSIP: 00162Q452<br>LEI: 549300VF1907NYC4WM31 | Long             | EC               | RF                | US        |     27490 | NS      | $1430579.60   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK USD0.001 CL A                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10735 | NS      | $3346743.60   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com Inc                                                        | CUSIP: 023135CQ7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    765000 | PA      | $788416.38    | 0.58%             | 2029-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| American Express Company                     | American Express Co                                                   | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    795000 | PA      | $821721.31    | 0.60%             | 2031-01-30      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| American Healthcare REIT Inc.                | American Healthcare REIT Inc                                          | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     10360 | NS      | $541206.40    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                                   | Amgen Inc. COM USD0.0001                                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1935 | NS      | $751089.60    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc.                          | Analog Devices Inc. COM USD0.16 2/3                                   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2590 | NS      | $921496.10    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple Inc. COM USD0.00001                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      9070 | NS      | $2396112.60   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Capital Corp.                           | Ares Capital Corp                                                     | CUSIP: 04010LBG7<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    600000 | PA      | $614101.03    | 0.45%             | 2029-07-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Ares Management Corporation                  | ARES MANAGEMENT CORPORATION GLBL NT 6.375% 28                         | CUSIP: 03990BAA9<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209901.78    | 0.15%             | 2028-11-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                             | Arthur J Gallagher & Co                                               | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    635000 | PA      | $649501.19    | 0.48%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                              | AstraZeneca PLC                                                       | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      8125 | NS      | $1693656.25   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.              | Automatic Data Processing Inc                                         | CUSIP: 053015AJ2<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | DBT              | CORP              | US        |    420000 | PA      | $433266.39    | 0.32%             | 2032-05-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc. COM USD0.01                               | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      3555 | NS      | $630052.65    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                        | Bank of America Corporation COM USD0.01                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     17900 | NS      | $891957.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                               | BLACKROCK INC                                                         | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       645 | NS      | $685783.35    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company                 | Bristol-Myers Squibb Co                                               | CUSIP: 110122EG9<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    640000 | PA      | $669653.67    | 0.49%             | 2031-02-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc                                                          | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    615000 | PA      | $636497.12    | 0.47%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                              | CATERPILLAR INC                                                       | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      1430 | NS      | $1062246.90   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson COM USD1.00                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3155 | NS      | $783796.65    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co. COM USD1.00                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      3890 | NS      | $1168167.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                         | JPMorgan Chase & Co                                                   | CUSIP: 46647PFD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    385000 | PA      | $386347.44    | 0.28%             | 2031-10-22      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust        | JPMorgan Equity Premium Income ETF                                    | CUSIP: 46641Q332<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |     45775 | NS      | $2741007.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** Direxion Funds

**Signature:** Patrick Rudnick

**Name of Signer:** Patrick Rudnick

**Title:** Principal Executive Officer