RWGV
The Direxion Russell 1000® Growth Over Value ETF seeks investment results, before fees and expenses, that track the Russell 1000® Growth/Value 150/50 Net Spread Index. There is no guarantee that the fund will achieve its stated investment objective.
This ETF provides 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
Documents & Downloads
Target Index
Russell 1000® Growth/Value 150/50 Net Spread Index (R1GR1VNC) measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Growth Index (the “Long Component”) and 50% short exposure to the Russell 1000® Value 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 growth over value 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 %
Apple | 17.47 |
Microsoft | 13.59 |
Amazon.com | 11.26 |
Facebook – Cl A | 5.35 |
Tesla | 4.35 |
Top 5 Short %
Berkshire Hathway – Cl B | -1.27 |
JPMorgan Chase | -1.12 |
Walt Disney | -0.95 |
Verizon Communications | -0.71 |
Comcast | -0.69 |
Index Sector Weightings %
Information Technology | 62.85 |
Consumer Discretionary | 21.32 |
Health Care | 13.64 |
Communication Services | 11.76 |
Consumer Staples | 3.02 |
Real Estate | 0.22 |
Industrials | 0.09 |
Materials | -1.18 |
Energy | -2.06 |
Utilities | -2.70 |
Financials | -6.96 |
Source: Bloomberg. Index and Sector weightings are net and as of 12/31/2020 and subject to change.
Fund Exposure
Growth Stocks | 150% |
Value 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.