SIXL

ETC 6 Meridian Low Beta Equity ETF

SIXL is an actively managed fund of US stocks selected for fundamental factors of growth and low volatility. Securities are equally weighted.


Active, Diverse

MANAGEMENT MATRIX

SMMV

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorExchange Traded Concepts
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMay 11, 2020
Assets (mns)$155
Expense ratio80 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsMonthly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ELI LILLY & CO 0.7 %
VISTRA ENERGY CORP. 0.7 %
SPROUTS FARMERS MARKET INC 0.7 %
BELLRING BRANDS, INC. CLASS A 0.7 %
CAL-MAINE FOODS INC 0.6 %
MERCURY GENERAL CORP 0.6 %
K12 INC 0.6 %
PROGRESSIVE CORP 0.6 %
CAREER EDUCATION CORP 0.6 %
STRAYER EDUCATION INC 0.6 %
Constituent Breakdown
Number of holdings242
Herfindahl-Hirschman Index 43
Wgt avg mkt cap (mns)$38,043
Large cap (>$10bn)41.1%
Mid cap ($2-10bn)38.1%
Small cap (<$2bn)20.9%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.2 %
BERMUDA 1.7 %
IRELAND 0.7 %
Historical Performance


Standardized Annual Returns (as of 02/29/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
2.1% 4.0% 2.1% 3.7% -- -- 3.9%
Market Correlations
versus...BetaR-squared
S&P 5000.6572%
MSCI EAFE0.6466%
MSCI Emg Mkts0.3925%
Liquidity Measures
Avg. volume (000)5
Turnover0.1%
Avg. Bid/Ask (% of price)0.36%
ADV of underlying (mns)$42,517
Technical Indicators
Recent close$34.85
30d moving avg.$31.85
Annualized volatility13.7%
Relative strength (RSI)66
Short interest (ETF)0.5%
Short interest (underlying)5.0%
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: SIXL 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 -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
1.3 16.1 2.4 5.2% --
Based on closing prices from 3/28/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SIXL



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™

SIXL

4.9%

Cat. Avg

5.6%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.9%
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 882 funds in the US Equities category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.7%. SIXL's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places SIXL in the 40th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

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



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
SIXL 80.0 35.9 115.9
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.