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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.

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.




Distributions