ETF profile for Direxion Meta Defined Income Boost ETF (MEIB) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
MEIB ETF Profile
| Family: |
Direxion Shares |
| Name: |
Direxion META Defined Income Boost ETF |
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| Inception Date: |
29-Jul-2026 |
| Termination Date: |
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| Investment Objective: |
The Direxion META Defined Income Boost ETF (the "Fund") seeks investment results, that track the Cboe META Defined Income Index (the "Index"). The Index is designed to track the performance of an investment strategy that systematically attempts to collect a target amount of income from option premiums by writing (selling) weekly, out-of-the-money equity call options on an underlying security (i.e., common shares of Meta Platforms, Inc. (NASDAQ: META)) based on the Index's target distribution amount, with daily delta hedging conducted through long positions in the underlying security. The Index's target distribution amount is set by Cboe Global Indices, LLC (the "Index Provider") and is currently set at an annualized distribution rate of 20%. Meta Platforms, Inc. develops products that enable people to connect and share with friends and family via social media platforms, mobile devices, personal computers, virtual reality headsets, wearables. The Index is constructed such that at the end of each week (generally Friday), an out-of-the-money call option on META is sold that typically expires at the end of the following week. The seller of a call option receives a payment ("premium") from the buyer. Using this strategy, the Index generates income in the form of option premiums. |
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| Prospectus |
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| Top 10 Holdings |
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| Derivatives offset |
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-175.9863% |
| METACW SWAP ASSET LEG |
|
95.2450% |
| META SWAP ASSET LEG |
|
80.2924% |
| DREYFUS TRSRY SECURITIES CASH MGMT |
X9USDDTP3 |
70.9294% |
| DREYFUS GOVT CASH MAN INS |
|
19.8687% |
| META PLATFORMS INC-CLASS A |
META |
9.2019% |
| META SWAP ASSET LEG |
|
0.4489% |
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Top 10 Holdings Weight: |
100.0% |
| Number of Holdings: |
7 |
| Shares Outstanding: |
80,001 |
| Total Net Assets: |
1,961,896 |
| NAV: |
24.53 |
| Net Expense Ratio: |
0.97% |
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| Asset Class: |
Equities (Stocks) |
| Developed or Emerging: |
Developed Market Funds |
| Country: |
US |
| Region: |
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| Strategy: |
Covered Call Strategy |
| Currency: |
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| Commodity: |
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| Sector: |
Communication Services |
| Industry: |
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| Dividend Type: |
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| Tax Exempt State: |
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| Maturity Duration: |
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| Market Cap: |
Large Cap |
| Credit Quality: |
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| Bond Type: |
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| Gov't Bond Types: |
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| Reit Type: |
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| Leverage Direction/Factor: |
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| Is Currency Hedged: |
No |
| US or Ex-US: |
Domestic |
