Direxion MSCI Cyclicals Over Defensives ETF

Frequently Asked Questions About RWCD

What does RWCD invest in?

The investment seeks investment results, before fees and expenses, that track the MSCI USA Cyclical Sectors - USA Defensive Sectors 150/50 Return Spread Index (the "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 of the index or shares of exchange-traded funds ("ETFs") on the Long Component of the index. The index measures the performance of a portfolio that has 150% long exposure to the MSCI USA Cyclical Sectors Index and 50% short exposure to the MSCI USA Defensive Sectors Index. The fund is non-diversified.

What is the expense ratio of RWCD?

Direxion MSCI Cyclicals Over Defensives ETF (RWCD) charges an expense ratio of 0.45%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RWCD?

Direxion MSCI Cyclicals Over Defensives ETF (RWCD) manages $13.7M 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 RWCD actively managed or an index fund?

RWCD 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 (RWCD's is 0.45%) because there's no security selection cost.

When was RWCD launched?

Direxion MSCI Cyclicals Over Defensives ETF (RWCD) launched in January 2019 and is managed by Direxion.

How has RWCD performed?

RWCD'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.