ETC 6 Meridian Low Beta Equity Strategy ETF
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
19.0%
1 yr return
21.3%
3 Yr Avg Return
6.2%
5 Yr Avg Return
N/A
Net Assets
$155 M
Holdings in Top 10
5.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.79%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SIXL - Profile
Distributions
- YTD Total Return 19.0%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.64%
- Dividend Yield 1.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameETC 6 Meridian Low Beta Equity Strategy ETF
-
Fund Family NameEXCHANGE TRADED CONCEPTS TRUST
-
Inception DateMay 08, 2020
-
Shares Outstanding4324389
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Serowik
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that invests, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities. The equity securities in which the Fund invests are mainly common stocks. The Fund may invest in equity securities of companies of any capitalization. The Fund also may invest in real estate investment trusts (“REITs”).
In selecting investments for the Fund, Madison Avenue Financial Solutions, LLC, the Fund’s sub-adviser (the “Sub-Adviser”), uses a quantitatively-driven strategy designed to emphasize high quality securities with a relatively low exposure to broad equity market risk. Pursuant to this strategy, securities are first ranked on a composite of several variables intended to measure profitability, growth and ability to service financing obligations. Securities ranking the lowest on this composite measure, as expressed relative to the distribution of all securities measured, are excluded from the investable universe. The remaining securities are then ranked according to their beta. Beta is intended to measure the exposure of a security to broad market risk and is defined here as the co-movement of the return of a security with the return of the securities included in the investable universe scaled by the volatility of the investable universe’s returns. For example, a security that has a beta of 1.0 has the same market risk as the securities in the investable universe, a security that has a beta less than 1.0 has less market risk than the securities in the investable universe, and a security that has a beta greater than 1.0 has more market risk than the securities in the investable universe. The Sub-Adviser’s strategy purchases the securities with the lowest measured beta. The Sub-Adviser believes that, when held over a full market cycle, high quality securities with lower relative exposure to broad market risk may produce higher risk-adjusted returns than securities of lower quality with higher relative exposure to broad market risk. The Sub-Adviser employs a low turnover portfolio approach and, under normal circumstances, expects portfolio activity to occur semi-annually, though this may change from time-to-time at the Sub-Adviser’s discretion.
SIXL - Performance
Return Ranking - Trailing
Period | SIXL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.0% | -6.2% | 63.8% | 67.42% |
1 Yr | 21.3% | 3.0% | 67.1% | 94.33% |
3 Yr | 6.2%* | -19.0% | 25.5% | 62.07% |
5 Yr | N/A* | 0.4% | 25.9% | 53.61% |
10 Yr | N/A* | 2.9% | 13.8% | 61.48% |
* Annualized
Return Ranking - Calendar
Period | SIXL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.8% | -12.9% | 28.8% | 96.03% |
2022 | -8.8% | -52.6% | 20.1% | 5.43% |
2021 | 19.2% | -43.8% | 32.4% | 26.82% |
2020 | N/A | -10.6% | 82.1% | N/A |
2019 | N/A | -8.5% | 37.5% | N/A |
Total Return Ranking - Trailing
Period | SIXL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 19.0% | -6.2% | 63.8% | 67.42% |
1 Yr | 21.3% | 3.0% | 67.1% | 94.33% |
3 Yr | 6.2%* | -19.0% | 25.5% | 62.07% |
5 Yr | N/A* | 0.4% | 25.9% | N/A |
10 Yr | N/A* | 2.9% | 13.8% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SIXL Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.4% | 1.2% | 31.3% | 99.43% |
2022 | -7.5% | -45.7% | 21.1% | 8.86% |
2021 | 20.1% | -30.2% | 52.8% | 81.63% |
2020 | N/A | -8.4% | 84.3% | N/A |
2019 | N/A | 1.0% | 43.4% | N/A |
SIXL - Holdings
Concentration Analysis
SIXL | Category Low | Category High | SIXL % Rank | |
---|---|---|---|---|
Net Assets | 155 M | 728 K | 175 B | 71.55% |
Number of Holdings | 241 | 1 | 2780 | 28.17% |
Net Assets in Top 10 | 10.3 M | 402 K | 15.4 B | 90.14% |
Weighting of Top 10 | 5.82% | 0.5% | 100.0% | 95.76% |
Top 10 Holdings
- COCA-COLA CONSOLIDATED INC COMMON STOCK 0.62%
- SPROUTS FARMERS MARKET INC COMMON STOCK 0.62%
- ADTALEM GLOBAL EDUCATION INC COMMON STOCK 0.60%
- COMMVAULT SYSTEMS INC COMMON STOCK 0.59%
- CORCEPT THERAPEUTICS INC COMMON STOCK 0.58%
- UNITED THERAPEUTICS CORP COMMON STOCK 0.57%
- GODADDY INC - CLASS A COMMON STOCK 0.57%
- KELLANOVA COMMON STOCK 0.56%
- TKO GROUP HOLDINGS INC COMMON STOCK 0.56%
- PILGRIM'S PRIDE CORP COMMON STOCK 0.55%
Asset Allocation
Weighting | Return Low | Return High | SIXL % Rank | |
---|---|---|---|---|
Stocks | 99.58% | 0.86% | 100.25% | 23.38% |
Cash | 0.42% | 0.00% | 99.07% | 79.44% |
Preferred Stocks | 0.00% | 0.00% | 11.46% | 94.93% |
Other | 0.00% | 0.00% | 51.08% | 97.75% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 94.93% |
Bonds | 0.00% | 0.00% | 72.71% | 94.93% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SIXL % Rank | |
---|---|---|---|---|
Healthcare | 21.43% | 0.00% | 24.06% | 1.41% |
Consumer Defense | 19.22% | 0.00% | 32.18% | 0.56% |
Utilities | 16.77% | 0.00% | 18.97% | 2.54% |
Real Estate | 9.89% | 0.00% | 25.82% | 19.49% |
Industrials | 7.68% | 0.00% | 45.89% | 92.94% |
Financial Services | 7.51% | 0.00% | 46.10% | 95.48% |
Technology | 6.25% | 0.00% | 40.65% | 96.05% |
Consumer Cyclical | 4.49% | 2.49% | 46.48% | 96.33% |
Communication Services | 3.28% | 0.00% | 30.98% | 33.90% |
Basic Materials | 2.51% | 0.00% | 16.35% | 86.44% |
Energy | 0.98% | 0.00% | 58.13% | 83.62% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SIXL % Rank | |
---|---|---|---|---|
US | 99.58% | 0.86% | 100.25% | 22.54% |
Non US | 0.00% | 0.00% | 10.11% | 95.21% |
SIXL - Expenses
Operational Fees
SIXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.79% | 0.03% | 19.40% | 69.41% |
Management Fee | 0.61% | 0.00% | 1.50% | 41.64% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 22.89% |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
SIXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
SIXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SIXL Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 304.00% | N/A |
SIXL - Distributions
Dividend Yield Analysis
SIXL | Category Low | Category High | SIXL % Rank | |
---|---|---|---|---|
Dividend Yield | 1.56% | 0.00% | 29.78% | 43.10% |
Dividend Distribution Analysis
SIXL | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
SIXL | Category Low | Category High | SIXL % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.64% | -2.06% | 3.38% | 33.43% |
Capital Gain Distribution Analysis
SIXL | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 25, 2024 | $0.051 | OrdinaryDividend |
Oct 24, 2024 | $0.022 | OrdinaryDividend |
Sep 24, 2024 | $0.048 | OrdinaryDividend |
Aug 26, 2024 | $0.038 | OrdinaryDividend |
Jul 24, 2024 | $0.027 | OrdinaryDividend |
Jun 24, 2024 | $0.050 | OrdinaryDividend |
Apr 24, 2024 | $0.019 | OrdinaryDividend |
Mar 25, 2024 | $0.064 | OrdinaryDividend |
Feb 26, 2024 | $0.037 | OrdinaryDividend |
Jan 24, 2024 | $0.008 | OrdinaryDividend |
Dec 26, 2023 | $0.065 | OrdinaryDividend |
Nov 27, 2023 | $0.039 | OrdinaryDividend |
Oct 26, 2023 | $0.021 | OrdinaryDividend |
Sep 26, 2023 | $0.038 | OrdinaryDividend |
Aug 28, 2023 | $0.057 | OrdinaryDividend |
Jul 27, 2023 | $0.023 | OrdinaryDividend |
Jun 27, 2023 | $0.010 | OrdinaryDividend |
May 25, 2023 | $0.066 | OrdinaryDividend |
Apr 25, 2023 | $0.019 | OrdinaryDividend |
Mar 27, 2023 | $0.086 | OrdinaryDividend |
Feb 23, 2023 | $0.054 | OrdinaryDividend |
Jan 26, 2023 | $0.013 | OrdinaryDividend |
Dec 27, 2022 | $0.086 | OrdinaryDividend |
Nov 30, 2022 | $0.050 | OrdinaryDividend |
Oct 31, 2022 | $0.018 | OrdinaryDividend |
Sep 30, 2022 | $0.061 | OrdinaryDividend |
Aug 31, 2022 | $0.054 | OrdinaryDividend |
Jul 29, 2022 | $0.016 | OrdinaryDividend |
Jun 30, 2022 | $0.064 | OrdinaryDividend |
May 31, 2022 | $0.029 | OrdinaryDividend |
Apr 29, 2022 | $0.010 | OrdinaryDividend |
Mar 31, 2022 | $0.062 | OrdinaryDividend |
Feb 28, 2022 | $0.025 | OrdinaryDividend |
Jan 31, 2022 | $0.001 | OrdinaryDividend |
Dec 28, 2021 | $0.058 | OrdinaryDividend |
Nov 30, 2021 | $0.030 | OrdinaryDividend |
Sep 30, 2021 | $0.039 | OrdinaryDividend |
Aug 31, 2021 | $0.024 | OrdinaryDividend |
Jul 30, 2021 | $0.002 | OrdinaryDividend |
Jun 30, 2021 | $0.013 | OrdinaryDividend |
May 28, 2021 | $0.017 | OrdinaryDividend |
Apr 30, 2021 | $0.004 | OrdinaryDividend |
Mar 31, 2021 | $0.033 | OrdinaryDividend |
Feb 26, 2021 | $0.013 | OrdinaryDividend |
Jan 29, 2021 | $0.009 | OrdinaryDividend |
Dec 31, 2020 | $0.036 | OrdinaryDividend |
Nov 30, 2020 | $0.021 | OrdinaryDividend |
Sep 30, 2020 | $0.011 | OrdinaryDividend |
Aug 31, 2020 | $0.023 | OrdinaryDividend |
Jul 31, 2020 | $0.004 | OrdinaryDividend |
Jun 30, 2020 | $0.026 | OrdinaryDividend |
SIXL - Fund Manager Analysis
Managers
Andrew Serowik
Start Date
Tenure
Tenure Rank
May 11, 2020
2.05
2.1%
Mr. Serowik joined Exchange Traded Concepts, LLC from Goldman Sachs in May 2018. He began his career at Spear, Leeds & Kellogg, continuing with Goldman after its acquisition of SLK in September 2000. During his career of more than 18 years at the combined companies, he held various roles, including managing the global Quant ETF Strats team and One Delta ETF Strats. He designed and developed systems for portfolio risk calculation, algorithmic ETF trading, and execution monitoring, with experience across all asset classes. He graduated from the University of Michigan with a Bachelor of Business Administration degree in Finance.
Andrew Mies
Start Date
Tenure
Tenure Rank
May 11, 2020
2.05
2.1%
Andrew Mies, CFA® is the Chief Investment Officer for 6 Meridian LLC. Mr. Mies is responsible for overseeing the ongoing research and development of innovative investment solutions for 6 Meridian clients. He serves as the chair of the 6 Meridian Investment Committee and also is a member of the Blue Arc / 6 Meridian Global Credit Fund Investment Committee. In 2016, Andrew became one of the founding partners of 6 Meridian, where his life-long dedication to market research and portfolio construction serve as the foundation of the firm’s investment philosophy. Upon graduating from Georgetown University, he immediately began his career on Wall Street as a research analyst with JP Morgan. After advancing through the investment banking ranks, he leveraged that breadth of experience to join the Kansas City based company, Perfect Commerce, as its CFO. He then returned to Wall Street as a research analyst for the hedge fund Corsair Capital Management.
Ammie Weidner
Start Date
Tenure
Tenure Rank
May 11, 2020
2.05
2.1%
Ammie Weidner has been with 6 Meridian since its inception in September of 2016. Prior to 6 Meridian, Ms. Weidner worked with the Kirk, Bahm Group at Morgan Stanley as the team’s discretionary portfolio trader for 10 years. She leads the 6 Meridian Investment Operations team to help create and manage investment products for 6 Meridian clients. She is also the portfolio trader for all discretionary accounts trading over $1.5 billion in assets to date. She has over 17 years of financial experience working within the wirehouse and RIA channels. Ms. Weidner graduated from Wichita State University with a Bachelor of Business Administration degree in finance.
Gabriel Tan
Start Date
Tenure
Tenure Rank
Apr 01, 2021
1.16
1.2%
Mr. Tan joined Exchange Traded Concepts, LLC in May 2019 as an Associate Portfolio Manager and was promoted to Portfolio Manager in December 2020. He began his career at UBS and BBR Partners where he worked as a financial planning analyst and a portfolio strategist for over four years. During his time there, he developed comprehensive wealth management solutions focused on portfolio optimization, trust and estate planning, and tax planning.
Todd Alberico
Start Date
Tenure
Tenure Rank
Apr 01, 2021
1.16
1.2%
Mr. Alberico joined Exchange Traded Concepts, LLC in November 2020, having spent the past 14 years in ETF trading at Goldman Sachs, Cantor Fitzgerald, and, most recently, Virtu Financial. He spent most of that time focused on the Trading and Portfolio Risk Management of ETFs exposed to international and domestic equity. He has worked on several different strategies including lead market-making and electronic trading, to customer facing institutional business developing models for block trading as well as transitional trades. Mr. Alberico graduated from St. John’s University in NY with a Bachelor of Science degree in Finance.
Jason Mayers
Start Date
Tenure
Tenure Rank
Apr 01, 2022
0.16
0.2%
Jason Mayers, CFA, joined 6 Meridian, LLC (the predecessor to the Sub-Adviser) in October 2021 as a Senior Associate, Investment Management. Prior to that, Mr. Mayers was a member of the investment grade fixed income research team at Ameritas Investment Partners in Lincoln, NE for 4 years. Previously, Mr. Mayers was an accountant with Cargill, Inc., one of the largest private companies in the world. Mr. Mayers is a CFA charterholder and earned a Master of Investment Management and Financial Analysis degree at Creighton University and a dual B.B.A in Accounting and Finance from Fort Hays State University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.3 | 5.78 |