Direxion MSCI Defensives Over Cyclicals ETF

  • FUND SYMBOL

    RWDC

  • INTRA-DAY INDICATIVE VALUE

    RWDC.IV

  • BLOOMBERG INDEX

    DU722430

  • CUSIP

    25460E398

  • EXPENSE RATIO (GROSS/NET %)

    0.60 / 0.45*

  • INCEPTION DATE

    Jan 16, 2019

Relative Value Investing

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

The Direxion MSCI Defensives Over Cyclicals ETF seeks investment results, before fees and expenses, that track the MSCI USA Defensive Sectors – USA Cyclical Sectors 150/50 Return Spread Index. There is no guarantee that the fund will achieve its stated investment objective.

Fund Exposure

Defense Stocks 150%
Cyclicals Stocks -50%
Total Net Exposure 100%

 

Target Index

The MSCI USA Defensive Sectors – USA Cyclical Sectors 150/50 Return Spread Index (DU722430) measures the performance of a portfolio that has 150% long exposure to the MSCI USA Defensive Sectors Index (the "Long Component") and 50% short exposure to the MSCI USA Cyclical Sectors 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 defensives over cyclicals 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

Top 5 Long  
Johnson & Johnson 7.54%
Exxon Mobil Corp 6.88%
Procter & Gamble Co 5.21%
Pfizer Inc 4.93%
UnitedHealth Group Inc 4.78%
Top 5 Short  
Apple Inc -2.59%
Microsoft Corp -2.47%
Amazon.com Inc -2.13%
Facebook Inc -1.15%
Alphabet Inc -1.06%

 

Index Sector Weightings

Health Care 71.59%
Consumer Staples 35.47%
Energy 26.71%
Utilities 16.23%
Materials -1.89%
Real Estate -2.25%
Industrials -6.74%
Communication Services -7.23%
Consumer Discretionary -7.47%
Financials -8.93%
Information Technology -15.50%

Source: Bloomberg. Index and Sector weightings are net and as of 03/31/2019 and subject to change.

Pricing and Performance

NAV and Market Price information as of June 14, 2019. Line chart shows pricing trend over the last 30 days.

fund symbol

RWDC

  • Net asset value (NAV)

    • 51.08
    • -0.05
    • -0.10
  • market price closing

    • 51.12
    • 0.08
    • 0.15
  • Premium / Discount

    • 0.04

* The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.45%. The Funds’ adviser, Rafferty Asset Management, LLC ("Rafferty"), has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2020, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.45% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds website at direxioninvestments.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Distributions

  • RWDC
  • Direxion MSCI Defensives Over Cyclicals ETF
Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
03/20/2019 03/19/2019 03/26/2019 0.23150