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Relative Weight ETFs

RWSL

The Direxion Russell Small Over Large Cap ETF seeks investment results, before fees and expenses, that track the Russell 2000®/Russell 1000® 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

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Fund Exposure

Small Cap Stocks 150%
Large Cap Stocks -50%
Total Net Exposure 100%

Target Index

The Russell 2000®/Russell 1000® 150/50 Net Spread Index (R2R1NC) measures the performance of a portfolio that has 150% long exposure to the Russell 2000® Index (the “Long Component”) and 50% short exposure to the Russell 1000® 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 small-capitalization over large-capitalization 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 %

Deckers Outdoor 0.47
LHC Group 0.45
BJs Wholesale Club 0.43
Churchill Downs 0.43
Novavax 0.41

Top 5 Short %

Microsoft -2.65
Apple -2.60
Amazon.com -2.03
Facebook – Class A -0.95
Alphabet Inc – Class A -0.74

Index Sector Weightings %

Health Care 23.63
Financials 19.23
Industrials 17.57
Consumer Discretionary 12.04
Real Estate 9.06
Information Technology 7.10
Materials 4.74
Utilities 3.99
Energy 2.06
Consumer Staples 1.78
Communication Services -1.32

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.




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