Direxion MSCI USA ESG - Leaders vs. Laggards ETF

Frequently Asked Questions About ESNG

What does ESNG invest in?

The investment seeks investment results, before fees and expenses, that track the MSCI USA ESG Universal Top - Bottom 150/50 Return Spread Index. 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. The index consists of a portfolio that has 150% long exposure to the MSCI USA ESG Universal Top 100 5% Issuer Capped Index (the "Long Component") and 50% short (or inverse) exposure to the MSCI USA ESG Universal Bottom 100 5% Issuer Capped Index (the "Short Component"). It is non-diversified.

What is the expense ratio of ESNG?

Direxion MSCI USA ESG - Leaders vs. Laggards ETF (ESNG) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ESNG?

Direxion MSCI USA ESG - Leaders vs. Laggards ETF (ESNG) manages $8.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is ESNG actively managed or an index fund?

ESNG is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ESNG's is 0.40%) because there's no security selection cost.

When was ESNG launched?

Direxion MSCI USA ESG - Leaders vs. Laggards ETF (ESNG) launched in February 2020 and is managed by Direxion.

How has ESNG performed?

ESNG's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.