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Strategic Weight ETFs

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.




Distributions