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Direxion Russell 1000® Value Over Growth ETF
ETF
RWVG
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
RWVG (ETF)
Direxion Russell 1000® Value Over Growth ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
RWVG (ETF)
Direxion Russell 1000® Value Over Growth ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
Name
As of 09/26/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.7%
1 yr return
3.0%
3 Yr Avg Return
8.5%
5 Yr Avg Return
N/A
Net Assets
$11 M
Holdings in Top 10
98.2%
52 WEEK LOW AND HIGH
$53.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/26/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RWVG - Profile
Distributions
- YTD Total Return 4.7%
- 3 Yr Annualized Total Return 8.5%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.20%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameDirexion Russell 1000® Value Over Growth ETF
-
Fund Family NameDirexion Funds
-
Inception DateJan 16, 2019
-
Shares Outstanding425001
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTony Ng
Fund Description
The Index 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.The Russell 1000® Value Index measures the performance of the mid-capitalization and large-capitalization value segment of the U.S. equity universe. It is a subset of the Russell 1000® Index and includes those companies within the Russell 1000® Index with lower price-to-book ratios and lower forecasted growth values.As of December 31, 2021, the components of the Russell 1000® Value Index had an average market capitalization of $167 billion, a median market capitalization of $14.3 billion and were concentrated in the financials and healthcare sectors. The Russell 1000® Value Index is rebalanced and reconstituted annually.The Russell 1000® Growth Index measures the performance of the mid-capitalization and large-capitalization growth segment of the U.S. equity universe. It is a subset of the Russell 1000® Index and includes those companies within the Russell 1000® Index with higher price-to-book ratios and higher forecasted growth values.As of December 31, 2021, the Russell 1000® Growth Index had an average market capitalization of $1 trillion, a median market capitalization of $18.8 billion and was concentrated in the technology, consumer discretionary, and industrials sectors. The Russell 1000® Growth Index is rebalanced and reconstituted annually.The Fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the Index or shares of exchange-traded funds (“ETFs”) that track the Long Component of the Index. Additionally, the Fund will invest in derivatives, such as swap agreements or futures contracts that provide long and short exposure to Index securities and/or ETFs that track the Long or Short Component of the Index.Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund intends to use derivatives to obtain up to 70% of the Fund’s exposure to the Long Component of the Index and to use derivatives to obtain all of the Fund’s exposure to the Short Component of the Index. This will result in the Fund having both long and short derivatives positions.The securities in the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries (i.e., hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated.The Fund, at times, may also invest in, or short, the Index securities, a representative sample of the Index securities that has aggregate characteristics similar to those of the Index or a portion of the Index, or an ETF that tracks a portion of the Index or a substantially similar index. Additionally, the Fund may utilize derivatives, such as swaps or futures on the Index or on an index that is substantially similar to the Long or Short Component of the Index. The Fund is expected to hold money market funds and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements as collateral for the derivative positions.The Fund is “non-diversified,” meaning that a relatively high percentage of its assets may be invested in a limited number of issuers of securities. Additionally, the Fund’s investment objective is not a fundamental policy and may be changed by the Fund’s Board of Trustees without shareholder approval.
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RWVG - Performance
Return Ranking - Trailing
| Period | RWVG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.7% | -78.2% | 222.5% | 74.38% |
| 1 Yr | 3.0% | -77.6% | 198.6% | 61.94% |
| 3 Yr | 8.5%* | -32.0% | 65.9% | 39.95% |
| 5 Yr | N/A* | -20.5% | 29.8% | N/A |
| 10 Yr | N/A* | -16.9% | 13.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | RWVG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -65.1% | 22.3% | 26.92% |
| 2022 | N/A | -25.3% | 25.5% | 97.54% |
| 2021 | N/A | -8.4% | 56.7% | N/A |
| 2020 | N/A | -9.2% | 10.4% | N/A |
| 2019 | N/A | -9.4% | 3.1% | N/A |
Total Return Ranking - Trailing
| Period | RWVG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.7% | -10.7% | 222.5% | 70.54% |
| 1 Yr | 3.0% | -58.7% | 198.6% | 60.35% |
| 3 Yr | 8.5%* | -22.8% | 65.9% | 39.84% |
| 5 Yr | N/A* | -15.1% | 32.4% | N/A |
| 10 Yr | N/A* | -4.7% | 20.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RWVG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -65.1% | 22.3% | 26.92% |
| 2022 | N/A | -25.3% | 25.5% | 97.54% |
| 2021 | N/A | -8.4% | 56.7% | N/A |
| 2020 | N/A | -9.2% | 10.4% | N/A |
| 2019 | N/A | -8.9% | 3.3% | N/A |
RWVG - Holdings
Concentration Analysis
| RWVG | Category Low | Category High | RWVG % Rank | |
|---|---|---|---|---|
| Net Assets | 11 M | 1 M | 151 B | 98.01% |
| Number of Holdings | 7 | 2 | 1727 | 99.83% |
| Net Assets in Top 10 | 26 M | 405 K | 32.3 B | 86.97% |
| Weighting of Top 10 | 98.18% | 5.0% | 99.2% | 0.17% |
Top 10 Holdings
- ISHARES RUSSELL 1000 VALUE E 97.49%
- DREYFUS GOV'T CASH MGMT -INSTITUTIONAL CUSIP 262006208 DGCXX (#289) 3.81%
- GOLDMAN FINL SQ TRSRY INST 506 0.09%
- RUSSELL 1000 GROWTH INDEX SWAP -0.68%
- RUSSELL 1000 VALUE INDEX SWAP -2.53%
Asset Allocation
| Weighting | Return Low | Return High | RWVG % Rank | |
|---|---|---|---|---|
| Stocks | 86.83% | 28.02% | 125.26% | 96.51% |
| Cash | 13.17% | -88.20% | 71.98% | 1.74% |
| Preferred Stocks | 0.00% | 0.00% | 12.57% | 27.63% |
| Other | 0.00% | -2.02% | 26.80% | 22.07% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 23.26% |
| Bonds | 0.00% | 0.00% | 80.18% | 24.98% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RWVG % Rank | |
|---|---|---|---|---|
| Financial Services | 19.90% | 0.00% | 58.05% | 41.78% |
| Healthcare | 18.80% | 0.00% | 30.08% | 33.11% |
| Industrials | 10.40% | 0.00% | 42.76% | 62.72% |
| Technology | 8.88% | 0.00% | 54.02% | 71.23% |
| Energy | 8.49% | 0.00% | 54.00% | 35.70% |
| Consumer Defense | 7.98% | 0.00% | 34.10% | 55.21% |
| Communication Services | 6.92% | 0.00% | 26.58% | 30.53% |
| Utilities | 5.61% | 0.00% | 27.04% | 34.95% |
| Real Estate | 4.83% | 0.00% | 90.54% | 21.18% |
| Consumer Cyclical | 4.81% | 0.00% | 22.74% | 71.39% |
| Basic Materials | 3.37% | 0.00% | 21.69% | 48.87% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RWVG % Rank | |
|---|---|---|---|---|
| US | 85.79% | 24.51% | 121.23% | 81.24% |
| Non US | 1.04% | 0.00% | 37.91% | 79.17% |
RWVG - Expenses
Operational Fees
| RWVG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.63% | 0.04% | 45.41% | 78.27% |
| Management Fee | 0.40% | 0.00% | 1.50% | 17.89% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 3.49% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| RWVG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| RWVG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RWVG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 0.09% |
RWVG - Distributions
Dividend Yield Analysis
| RWVG | Category Low | Category High | RWVG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 40.74% | 68.40% |
Dividend Distribution Analysis
| RWVG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| RWVG | Category Low | Category High | RWVG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.20% | -1.51% | 4.28% | 58.33% |
Capital Gain Distribution Analysis
| RWVG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 29, 2022 | $0.368 | OrdinaryDividend |
| Dec 29, 2021 | $0.435 | OrdinaryDividend |
| Jun 29, 2021 | $0.296 | OrdinaryDividend |
| Dec 30, 2020 | $0.273 | OrdinaryDividend |
| Jun 30, 2020 | $0.328 | OrdinaryDividend |
| Dec 31, 2019 | $0.692 | OrdinaryDividend |
| Jul 02, 2019 | $0.410 | OrdinaryDividend |
RWVG - Fund Manager Analysis
Managers
Tony Ng
Start Date
Tenure
Tenure Rank
Jan 16, 2019
3.37
3.4%
Tony Ng is a Portfolio Manager and joined Rafferty Asset Management in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004. Mr. Ng graduated from State University at Buffalo in 1998.
Paul Brigandi
Start Date
Tenure
Tenure Rank
Jan 16, 2019
3.37
3.4%
Paul Brigandi, the Fund’s Portfolio Manager, is primarily responsible for the day-to-day management of the Fund. An investment trading team of Rafferty employees assists Mr. Brigandi in the day-to-day management of the Fund subject to his primary responsibility and oversight. The Portfolio Manager works with the investment trading team to decide the target allocation of the Fund’s investments and on a day-to-day basis, an individual portfolio trader executes transactions for the Fund consistent with its target allocation. The members of the investment trading team rotate among the various series of the Trust, including the Fund periodically so that no single individual is assigned to a specific Fund for extended periods of time. Mr. Brigandi has been a Portfolio Manager at Rafferty since June 2004. Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. Mr. Brigandi is a 2002 graduate of Fordham University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 86.59 | 7.97 | 16.42 |
