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Relative Weight ETFs

RWUI

The Direxion FTSE Russell US Over International ETF seeks investment results, before fees and expenses, that track the Russell 1000/FTSE All-World ex US 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 Russell 1000®/FTSE All-World ex US 150/50 Net Spread Index (AWXUR1NC) measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Index (the “Long Component”) and 50% short exposure to the FTSE All-World ex US 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 a domestic over international 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 %

Microsoft 7.95
Apple 7.79
Amazon.com 6.10
Facebook – Class A 2.85
Alphabet Inc – Class A 2.22

Top 5 Short Index Holdings %

Alibaba -0.91
Tencent Holdings -0.88
Nestle -0.76
Taiwan Semicont Man -0.61
Roche -0.58

Long Country Weightings %

United States 150

Top 5 Short Country Weightings %

Japan -8.67
China -5.31
United Kingdom -4.22
Switzerland -3.35
France -3.17

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

 

Fund Exposure

U.S. Stocks 150%
International 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.




Distributions