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.