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.