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Relative 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 %

Microsoft 15.64
Apple 15.31
Amazon.com 12.00
Facebook – Class A 5.59
Visa 3.35

Top 5 Short %

Berkshire Hathway – Class B -1.23
JP Morgan Chase -1.01
Intel -0.90
Verizon -0.81
AT&T -0.76

Index Sector Weightings %

Information Technology 60.73
Consumer Discretionary 19.66
Health Care 15.46
Communication Services 12.05
Consumer Staples 3.18
Industrials 0.76
Real Estate 0.72
Materials -1.01
Energy -2.52
Utilities -2.93
Financials -6.11

Source: Bloomberg. Index and Sector weightings are net and as of 6/30/2020 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.




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