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Relative Weight ETFs

RWIU

The Direxion FTSE Russell International Over US ETF seeks investment results, before fees and expenses, that track the FTSE All-World ex US/Russell 1000 150/50 Net Spread Index. There is no guarantee that the fund will achieve its stated investment objective.

Relative Weight ETFs provide a simple, cost-effective way to express thematic views. When the favored weighting is correct, the fund will seek to outperform traditional long-only strategies.

Overview

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Target Index

The FTSE All-World ex US/Russell 1000® 150/50 Net Spread Index (R1AWXUNC) measures the performance of a portfolio that has 150% long exposure to the FTSE All-World ex US Index (the “Long Component”) and 50% short exposure to the Russell 1000® Index (the “Short Component”). On a monthly basis, the Index will rebalance such that the weight of the Long Component is equal to 150% and the weight of the Short Component is equal to 50% of the Index value. In tracking the Index, the Fund seeks to provide a vehicle for investors looking to efficiently express an international over domestic investment view by overweighting exposure to the Long Component and shorting exposure to the Short Component. One cannot directly invest in an index.

Index Holdings & Weightings

Top 5 Long Index Holdings %

Alibaba 2.73
Tencent Holdings 2.65
Nestle 2.29
Taiwan Semicont Man 1.83
Roche 1.74

Top 5 Short Index Holdings %

Microsoft -2.65
Apple -2.60
Amazon.com -2.03
Facebook – Class A -0.95
Alphabet Inc – Class A -0.74

Top 5 Long Country Weightings %

Japan 26.00
China 15.93
United Kingdom 12.66
Switzerland 10.04
France 9.50

Short Country Weightings %

United States -50.0

Source: Bloomberg. Index and Sector weightings are net and as of 6/30/2020 and subject to change.

 

Fund Exposure

International Stocks 150%
U.S. Stocks -50%
Total Net Exposure 100%

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.




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