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 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
Target Index
The Russell 1000® Value/Growth 150/50 Net Spread 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 Hathway – Class B | 3.70 |
| Johnson & Johnson | 3.24 |
| JP Morgan Chase | 3.03 |
| Intel | 2.69 |
| Verizon | 2.43 |
Top 5 Short %
| Microsoft | -5.21 |
| Apple | -5.10 |
| Amazon.com | -4.00 |
| Facebook – Class A | -1.86 |
| Visa | -1.12 |
Index Sector Weightings %
| Financials | 26.72 |
| Industrials | 16.19 |
| Health Care | 13.61 |
| Consumer Staples | 9.76 |
| Utilities | 8.86 |
| Communication Services | 8.42 |
| Energy | 7.88 |
| Materials | 6.31 |
| Real Estate | 6.08 |
| Consumer Discretionary | 2.74 |
| Information Technology | -6.63 |
Source: Bloomberg. Index and Sector weightings are net and as of 6/30/2020 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 Invalid date. Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.