# Direxion Russell 1000 Value Over Growth ETF (RWVG): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rwvg for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Direxion · Asset class: Equity - Strategy: Passive Index · Inception: 2019-01-16 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"). 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. The fund is non-diversified. ## Key Facts | Metric | Value | |---|---| | Price | $53.08 | | Expense Ratio | 0.63% | | Assets Under Management | $14.2M | | NAV | $53.38 | | Holdings Count | 4 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $53.08 – $53.41 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.3680 /share - Ex-date: 2022-06-22 - Pay date: 2022-06-29 ## Frequently Asked Questions ### What does RWVG invest in? 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"). 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. The fund is non-diversified. ### What is the expense ratio of RWVG? Direxion Russell 1000 Value Over Growth ETF (RWVG) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RWVG? Direxion Russell 1000 Value Over Growth ETF (RWVG) manages $14.2M 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 RWVG actively managed or an index fund? RWVG 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 (RWVG's is 0.63%) because there's no security selection cost. ### When was RWVG launched? Direxion Russell 1000 Value Over Growth ETF (RWVG) launched in January 2019 and is managed by Direxion. ### How has RWVG performed? RWVG'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. ### Does RWVG pay a dividend? Direxion Russell 1000 Value Over Growth ETF (RWVG) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RWVG pay dividends? Direxion Russell 1000 Value Over Growth ETF pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RWVG's dividend yield? RWVG's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is RWVG's next ex-dividend date? The most recently announced ex-dividend date for RWVG was 2022-06-22. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will RWVG's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.63% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RWVG charge its expense ratio? The expense ratio is deducted in tiny daily slices from RWVG's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RWVG cost more than a fund like VOO? RWVG is a passive index fund (current expense ratio 0.63%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to RWVG? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as RWVG (0.63%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rwvg - Distribution history: https://www.dividenddata.com/funds/rwvg/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rwvg/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rwvg/expenses - Peer comparison: https://www.dividenddata.com/funds/rwvg/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.