The Direxion World Without Waste ETF (WWOW) typically commits a minimum of 80% of its total assets to holdings that either directly constitute its benchmark index or possess economic characteristics comparable to those index components. This underlying index, developed by Indxx, LLC, aims to feature companies that are instrumental in the global economic evolution. Specifically, it focuses on businesses transitioning from a traditional "linear" model, where products are often designed for a single use or ownership, to a "circular" economy that emphasizes shared ownership and the repeated use or recycling of resources.