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.
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
Documents & Downloads
Fund Exposure
| Growth Stocks | 150% |
| Value Stocks | -50% |
| Total Net Exposure | 100% |
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 %
| Microsoft | 13.77 |
| Apple Inc | 12.1 |
| Amazon | 9.41 |
| 4.6 | |
| Google – CL C | 4.02 |
Top 5 Short %
| Berkshire Hathaway | -1.71 |
| Johnson & Johnson | -1.42 |
| JP Morgan Chase | -1.34 |
| Procter & Gamble | -1.21 |
| Intel | -1.11 |
Index Sector Weightings %
| Information Technology | 56.20 |
| Consumer Discretionary | 18.51 |
| Health Care | 14.88 |
| Communication Services | 13.16 |
| Industrials | 7.30 |
| Consumer Staples | 1.65 |
| Real Estate | 1.19 |
| Materials | -0.22 |
| Energy | -2.51 |
| Utilities | -3.89 |
| Financials | -6.30 |
Source: Bloomberg. Index and Sector weightings are net and as of 3/31/2020 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.