Skip to Main Conent
Strategic Weight ETFs

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 %

Apple 16.96
Microsoft 14.29
Amazon.om 12.12
Facebook – Class A 5.71
Visa 3.06

Top 5 Short %

Intel -0.74
Walt Disney -0.76
Verizon Communications -0.83
Jpmorgan Chase -0.98
Berkshire Hathway – Class B -1.37

Index Sector Weightings %

Information Technology 61.94
Consumer Discretionary 20.91
Health Care 13.89
Communication Services 11.48
Consumer Staples 2.96
Real Estate 0.46
Industrials 0.41
Materials -1.13
Energy -1.89
Utilities -2.95
Financials -6.10

Source: Bloomberg. Index and Sector weightings are net and as of 9/30/2020 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.




Distributions