The Direxion MSCI USA Cyclicals Over Defensives ETF seeks investment results, before fees and expenses, that track the MSCI USA Cyclical Sectors – USA Defensive Sectors 150/50 Return 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.
The MSCI USA Cyclical Sectors – USA Defensive Sectors 150/50 Return Spread Index (DU722431) measures the performance of a portfolio that has 150% long exposure to the MSCI USA Cyclical Sectors Index (the “Long Component”) and 50% short exposure to the MSCI USA Defensive Sectors 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 cyclicals over defensives 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 %
|Facebook – Class A||4.09|
|Alphabet Inc – Class C||3.24|
Top 5 Short %
|Johnson & Johnson||-2.52|
Index Sector Weightings %
Source: Bloomberg. Index and Sector weightings are net and as of 6/30/2020 and subject to change.
|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.