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Strategic Weights ETFs

WFH

The Direxion Work From Home ETF seeks investment results, before fees and expenses, that track the Solactive Remote Work Index. There is no guarantee that the fund will achieve its stated investment objective.

Working

Overview

 

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.

  • Uses advanced techniques to identify the 40 stocks accelerating greater adaption of remote work
  • Offers exposure to four pillars, across established and emerging technologies, that power the ability to work from home efficiently and effectively
  • May be considered a satellite holding to complement other broader positions within a portfolio

Documents & Downloads

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Target Index

The Solactive Remote Work Index is comprised of U.S. listed securities and American Depository Receipts (“ADRs”) of companies that provide products and services in at least one of the following business segments that facilitate the ability of people to work from home: remote communications, cyber security, online project and document management, and cloud computing technologies (“WFH Industries”). The Index consists of 40 companies, namely, the top 10 ranked companies in each of the four WFH Industries. The Index is equal weighted at each semi-annual reconstitution and rebalance date. One cannot directly invest in an index.

Index Holdings & Sector Weightings

Top Ten Holdings %

Twilio 4.17
Inseego 3.95
Crowdstrike Holdings 3.76
Avaya Holdings 3.17
Okta 3.13
Box 3.00
Elastic NV 2.99
Zoom Video Communications 2.99
Fortinet 2.90
Ping Identity Holding 2.80

Sector Weightings %

Software 63.33
IT Services 12.73
Communications Equipment 8.73
Interactive Media & Services 4.60
Diversified Telecommunication 4.26
Internet & Direct Marketing Retail 2.46
Semiconductors 2.20
Technology Hardware & Storage 1.69

Source: Bloomberg. Index and Sector weightings are net and as of 5/31/2020 and subject to change.

 

Remote Work Trends By The Numbers

Trends toward a greater adoption of flexible work arrangements were already in motion prior to the COVD-19 pandemic, which has and may continue to accelerate adoption of technologies that enable remote work.

 

[1] Mann, and Adkins (2017): “America’s Coming Workplace: Home Alone”
[2] Kopf (2019): “Slowly but surely, working at home is becoming more common”
[3] Fortune (2020): “Fortune 500 CEO Poll”
[4] PwC (2020): “COVID-19 CFO Pulse Survey”
[5] CNBC/Change Research (2020): “States of Play”

 


Pricing & Performance

NAV and Market Price information as of Invalid date. Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.




Distributions