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Direxion MSCI Emerging Over Developed Markets ETF (RWED)

51.88 -0.11 (-0.22%)
As of September 25 at 12:06 PM EDT. Market Open.

ETF Summary

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

ETF Overview

Category Diversified Emerging Mkts
Fund Family Direxion Funds
Net Assets 5.93M
YTD Daily Total Return -2.46%
Yield 3.00%
Legal Type Exchange Traded Fund

ETF Operations

Attributes RWED Category Average
Annual Report Expense Ratio (net) 0.59% 1.15%
Holdings Turnover 2.00% 52.00%
Total Net Assets 25,465.66 25,465.66

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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