Direxion MSCI Developed Over Emerging Markets ETF

Frequently Asked Questions About RWDE

What does RWDE invest in?

The investment seeks investment results, before fees and expenses, that track the MSCI EAFE IMI - Emerging Markets IMI 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 EAFE IMI Index (the "Long Component") and 50% short exposure to the MSCI Emerging Markets IMI Index (the "Short Component"). The fund is non-diversified.

What is the expense ratio of RWDE?

Direxion MSCI Developed Over Emerging Markets ETF (RWDE) charges an expense ratio of 0.53%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RWDE?

Direxion MSCI Developed Over Emerging Markets ETF (RWDE) manages $6.3M 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 RWDE actively managed or an index fund?

RWDE 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 (RWDE's is 0.53%) because there's no security selection cost.

When was RWDE launched?

Direxion MSCI Developed Over Emerging Markets ETF (RWDE) launched in January 2019 and is managed by Direxion.

How has RWDE performed?

RWDE'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.