SIXA

ETC 6 Meridian Mega Cap Equity ETF

SIXA is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index.


US

EQUITY

Active

MANAGEMENT STYLE

80 bp

EXPENSES

$253.6 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorExchange Traded Concepts
CategoryUS
Asset classEquity
Websitelink...
Inception dateMay 11, 2020
Assets (mns)$254
Expense ratio80 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
JOHNSON & JOHNSON 3.9 %
AT&T INC 3.9 %
EXXON MOBIL CORP 3.8 %
KRAFT HEINZ COMPANY 3.7 %
NVIDIA CORP 3.1 %
ELI LILLY & CO 2.8 %
META PLATFORMS INC 2.8 %
ABBVIE INC 2.8 %
COSTCO WHOLESALE CORP 2.8 %
AMAZON.COM INC 2.7 %
Constituent Breakdown
Number of holdings55
Herfindahl-Hirschman Index 224
Wgt avg mkt cap (mns)$407,927
Large cap (>$10bn)100.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 98.4 %
IRELAND 1.3 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 14.1% 23.3% 17.1% 9.2% -- -- 12.6%
Volatility 9.0% 9.5% 13.0% 13.3% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.7382%
MSCI EAFE0.7174%
MSCI Emg Mkts0.4834%
Liquidity Measures
Avg. volume (000)5
Turnover0.1%
Avg. Bid/Ask (% of price)0.11%
ADV of underlying (mns)$161,415
Technical Indicators
Recent close$42.63
30d moving avg.$41.96
Annualized volatility14.5%
Relative strength (RSI)57
Short interest (ETF)0.1%
Short interest (underlying)1.1%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: SIXA vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.1 15.1 2.7 2.6% --
Based on closing prices from 7/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SIXA



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

SIXA

5.9%

Cat. Avg

5.6%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.9%
Recommendation

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

Category Overview
There are 899 funds in the US category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. SIXA's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places SIXA in the 54th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
SIXA
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
SIXA (80 bp) Percentile rank 64
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
SIXA 80.0 11.4 91.4
Peer Avg. 53.9 22.2 76.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .