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Strategic & Thematic 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.

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 15.62
Microsoft 14.94
Amazon.com 10.02
Facebook 5.71
Alphabet – Class A 4.59

Top 5 Short %

Berkshire Hathaway – Class B -1.28
JP Morgan Chase -1.23
Johnson & Johnson -1.08
Proctor Gamble -0.86
Bank of America -0.79

Index Sector Weightings %

Information Technology 61.52
Consumer Discretionary 24.79
Communication Services 14.95
Health Care 5.16
Industrials 3.07
Consumer Staples 2.17
Real Estate 0.15
Materials -0.37
Energy -2.07
Utilities -2.40
Financials -6.97

Source: Bloomberg. Index and Sector weightings are net and as of 9/30/2021 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 . Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.




Distributions