RWUI — Direxion FTSE Russell US Over International ETF
Data updated: 2020-09-25
RWUI — Direxion FTSE Russell US Over International ETF. Leveraged · $13.59M AUM · 0.59% expense ratio. Holdings, fees, performance and SEC filings.
RWUI Fund Overview
RWUI — Direxion FTSE Russell US Over International ETF is a US ETF managed by Direxion Shares ETF Trust, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Direxion Shares ETF Trust
- Category: Leveraged
- Assets under management: $13.59M
- 1-year return: 16.7%
- Ticker: RWUI
- SEC CIK: 0001424958
- SEC series ID: S000064199
- Share class ID: C000207650
RWUI Investment Objective and Strategy
Direxion FTSE Russell US Over International ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Direxion Shares ETF Trust.
Investment objective
The Direxion FTSE Russell US Over International ETF (the Fund) seeks investment results, before fees and expenses, that track the Russell 1000 /FTSE All-World ex US 150/50 Net Spread Index (the Index).
Principal investment strategy
The Index measures the performance of a portfolio that has 150% long exposure to the Russell 1000 Index (the Long Component) and 50% short exposure to the FTSE All-World ex US 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 domestic over international investment view by overweighting exposure to the Long Component and shorting exposure to 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.
Additionally, the Fund will invest in derivatives, such as swap agreements or futures contracts that provide long and short exposure to Index securities and/or ETFs that track the Long or Short Component of the Index. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund intends to use derivatives to obtain up to 70% of the Funds exposure to the Long Component of the Index and to use derivatives to obtain all of the Funds exposure to the Short Component of the Index. This will result in the Fund having both long and short derivatives positions. The Russell 1000 Index measures the performance of approximately 1,000 large-capitalization companies in the Russell 3000 Index, based on a combination of their market capitalization and current index membership.
As of December 31, 2019, the Russell 1000 Index consisted of 997 holdings, which had an average market capitalization of $33.4 billion, a median market capitalization of $10.9 billion and were concentrated in the technology and financial services sectors. The Russell 1000 Index is rebalanced and reconstituted annually. The FTSE All-World ex US Index measures the performance of mid-capitalization and large-capitalization securities providing coverage of developed and emerging markets, excluding the United States. As of December 31, 2019, the FTSE All-World ex US Index consisted of 3,316 holdings, which had an average market capitalization of $7 billion, a median market capitalization of $2.2 billion, total market capitalizations ranging from $125 million to $369.1 billion and were concentrated in the technology sector.
The FTSE All-World ex US Index is rebalanced and reconstituted semi-annually. The securities in the Index and the percentages represented by various sectors in the Index may change over time. The Fund will concentrate its investment in a particular industry or group of industries ( i.e. , hold 25% or more of its total assets in the stocks of a particular industry or group of industries) to approximately the same extent as the Index is so concentrated. The Fund, at times, may also invest in, or short, the Index securities, a representative sample of the Index securities that has aggregate characteristics similar to those of the Index or a portion of the Index, or an ETF that tracks a portion of the Index or a substantially similar index. Additionally, the Fund may utilize derivatives, such as swaps or futures on the Index, or on an index that is substantially similar to the Long or Short Component of the Index.
The Fund is expected to hold money market funds and/or short-term debt instruments that have terms-to-maturity of less than 397 days and exhibit high quality credit profiles, including U.S. government securities and repurchase agreements as collateral for the derivative positions.
RWUI Performance
Total returns for RWUI (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 16.7% |
RWUI Risk Information
Risk metrics for RWUI, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 25.4%
RWUI Costs and Fees
RWUI costs about $59 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.59%
- Gross expense ratio: 0.59%
- Portfolio turnover: 0%
- Brokerage commissions: 0.46 bps of average net assets (SEC N-CEN)
RWUI Cashflows
Over the 12 months to 2020-07, Direxion FTSE Russell US Over International ETF had net inflows of $9.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | $0 |
| 2020-06 | $0 |
| 2020-05 | $0 |
| 2020-04 | $0 |
| 2020-03 | $0 |
| 2020-02 | $0 |
RWUI Debt Constituents
No individual debt constituents are reported in Direxion FTSE Russell US Over International ETF's latest SEC N-PORT filing.
RWUI Prospectus and SEC Filings
Official Direxion FTSE Russell US Over International ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-17
- Prospectus (485BPOS) — filed 2019-01-23
- Prospectus supplement (497) — filed 2019-07-12
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Portfolio holdings (N-PORT) — filed 2020-06-25
- Portfolio holdings (N-PORT) — filed 2020-03-30
- Annual census (N-CEN) — filed 2020-01-14
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.