NIFE
Direxion Fallen Knives ETFNIFE Fund Description
NIFE tracks a market-cap weighted index of US stocks that have negative momentum, but healthy fundamentals.
NIFE Factset Analytics Insight
NIFE passively captures US stocks whose share price are currently out of favor, but with sound financial health to support a potential rebound. In selecting its securities, the fund uses a systematic approach to identify securities that have experienced considerable decline in share price over the past twelve months of at least -15%. Companies are then scored on fundamental metrics such as: current ratio, cash flow coverage ratio, and debt-to-equity ratio. The top 50 names that score the highest in combination of the three metrics are selected for the portfolio. Securities’ weighting is based on market cap, subject to a 4.9% single security cap, which rebalances semi-annually and reconstituted annually.
NIFE MSCI ESG Analytics Insight
Direxion Fallen Knives ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.16 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Fallen Knives ETF ranks in the 28th percentile within its peer group and in the 25th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
NIFE MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
NIFE Summary Data
NIFE Portfolio Data
NIFE Index Data
NIFE Portfolio Management
NIFE Tax Exposures
NIFE Fund Structure
NIFE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NIFE. NIFE is rated a 4 out of 5.
NIFE Tradability
NIFE Sector/Industry Breakdown
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NIFE Top 10 Holdings[View All]
NIFE Countries
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NIFE Regions
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NIFE Economic Development
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NIFE Performance Statistics
NIFE MSCI ESG Ratings
NIFE Benchmark Comparison Summary
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NIFE Benchmark Comparison Market Cap Size
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Terms of Use
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.