RWK has benefited from investors flocking to late-cycle, value sectors this year. The ETF is overweight the energy, materials and industrial sectors compared to the cap-weighted S&P MidCap 400, according to RevenueShares data.
Although RWK is also overweight consumer discretionary, the worst-performing S&P 500 sector this year, the ETF has survived the laggard status of financial services by being underweight that group by nearly 1,100 basis points compared to the S&P MidCap 400.
Of RWK’s top-10 holdings, a group that combines for 20% of the ETF’s weight, only two have traded lower this year. Of the remaining eight, seven have posted double-digit returns with several gaining more than 20%.
RWK has added $24.4 million in new assets this year.
RevenueShares Mid Cap Fund
