RWVG
The Direxion Russell 1000® Value Over Growth ETF seeks investment results, before fees and expenses, that track the Russell 1000® Value/Growth 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® Value/Growth 150/50 Index (R1VR1GNC) measures the performance of a portfolio that has 150% long exposure to the Russell 1000® Value Index (the “Long Component”) and 50% short exposure to the Russell 1000® Growth 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 value over growth 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 %
| Berkshire Hathaway | 4.67 |
| Johnson & Johnson | 3.37 |
| UnitedHealth Group | 3.15 |
| JPMorgan Chase | 2.89 |
| Procter & Gamble | 2.66 |
Top 5 Short %
| Apple | -6.27 |
| Microsoft | -5.40 |
| Amazon.com | -3.29 |
| Tesla | -2.09 |
| NVIDIA | -1.52 |
Index Sector Weightings %
| Financials | 29.90 |
| Health Care | 22.47 |
| Industrials | 13.39 |
| Energy | 10.42 |
| Consumer Staples | 8.98 |
Source: Bloomberg. Index and Sector weightings are net and as of 03/31/2022 and subject to change.
Fund Exposure
| Value Stocks | 150% |
| Growth 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.