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Strategic Weights ETFs

DYHG

The Direxion Dynamic Hedge ETF seeks investment results, before fees and expenses, that track the Salt truVol™ US Large Cap Dynamic Hedge Index. There is no guarantee that the fund will achieve its stated investment objective.

Working

Overview

 

The Direxion Dynamic Hedge ETF aims to deliver broad U.S. large cap exposure, with an embedded risk-mitigation framework, to deliver a smoother ride for investors. The Direxion Dynamic Hedge ETF can dynamically adjust exposure to the S&P 500® in order to proactively adapt to evolving market environments. By utilizing high frequency price data on the S&P 500® to gauge the volatility regime, the fund may be a responsive solution for investors looking for both participation and risk mitigation in their portfolios.

  • Dynamically mitigate against potential drawdowns by hedging as volatility escalates, and by reducing hedges as volatility subsides
  • Adjusts exposure to participate over the long-term, potentially delivering improved risk-adjusted returns
  • A simple, yet robust framework developed by Salt Financial, which may be considered a conservative US equity allocation

Documents & Downloads


Target Index

The Salt truVol™ US Large Cap Dynamic Hedge Index is designed to adjust net exposure to the S&P 500® Index in an attempt to capitalize on the inverse relationship between volatility and the returns of the S&P 500® Index. The Index utilizes a proprietary volatility model developed by Salt Financial Indices, LLC., to estimate future market volatility to determine the size of the Index’s hedge (short position). The Index’s hedge or short position is reviewed daily and may range from 0% to 100% of the long position in the S&P 500® Index. One cannot directly invest in an index.

Index Holdings & Sector Weightings

Top Ten Holdings %

Micro E-Mini S&P 500 Futures -7.89
Microsoft Corp 5.52
Apple Inc 5.25
Amazon.com Inc 4.02
Facebook Inc 2.14
Alphabet Inc 1.70
Alphabet Inc 1.69
Johnson & Johnson 1.55
Berkshire Hathaway Inc 1.43
Visa Inc 1.32

Sector Weightings %

Sector Weight % Net Weight %
Information Technology 26.21 0
Health Care 15.23 0
Communication Services 10.97 0
Consumer Discretionary 10.53 0
Financials 10.44 0
Industrials 7.96 0
Consumer Staples 7.13 0
Utilities 3.24 0
Energy 2.92 0
Real Estate 2.84 0
Materials 2.53 0

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

 


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

Premium/Discount Information