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 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.
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Overview
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Target Index
The Russell 1000® Growth/Value 150/50 Index 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 | 18.80 |
| Microsoft | 16.21 |
| Amazon.com | 9.87 |
| Tesla | 6.26 |
| Alphabet – Class A | 4.75 |
Top 5 Short %
| Berkshire Hathaway | -1.56 |
| Johnson & Johnson | -1.12 |
| JPMorgan Chase | -0.96 |
| Procter & Gamble | -0.89 |
| UnitedHealth Grp | -0.84 |
Index Sector Weightings %
| Information Technology | 64.62 |
| Consumer Discretionary | 25.24 |
| Communication Services | 12.12 |
| Health Care | 4.34 |
| Industrials | 3.72 |
Source: Bloomberg. Index and Sector weightings are net and as of 03/31/2022 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.