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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.

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

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 – Cl B 3.82
JPMorgan Chase 3.37
Johnson & Johnson 2.99
Walt Disney 2.86
Verizon Communications 2.13

Top 5 Short %

Apple -5.82
Microsoft -4.53
Amazon.com -3.75
Facebook – Cl A -1.78
Tesla -1.45

Index Sector Weightings %

Financials 28.38
Industrials 17.87
Health Care 13.33
Consumer Staples 9.17
Communication Services 8.94
Utilities 8.18
Materials 6.75
Energy 6.50
Real Estate 5.81
Consumer Discretionary 3.09
Information Technology -8.08

Source: Bloomberg. Index and Sector weightings are net and as of 12/31/2020 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