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Trending ETFs

Name

As of 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$44.84

$75.5 M

0.73%

$0.33

0.85%

Vitals

YTD Return

-4.4%

1 yr return

8.5%

3 Yr Avg Return

-0.6%

5 Yr Avg Return

N/A

Net Assets

$75.5 M

Holdings in Top 10

17.4%

52 WEEK LOW AND HIGH

$44.5
$40.73
$47.64

Expenses

OPERATING FEES

Expense Ratio 0.85%

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 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$44.84

$75.5 M

0.73%

$0.33

0.85%

SIXS - Profile

Distributions

  • YTD Total Return -4.4%
  • 3 Yr Annualized Total Return -0.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.87%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    ETC 6 Meridian Small Cap Equity ETF
  • Fund Family Name
    EXCHANGE TRADED CONCEPTS TRUST
  • Inception Date
    May 08, 2020
  • Shares Outstanding
    1399998
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew 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 small-capitalization equity securities. Madison Avenue Financial Solutions, LLC, the Fund’s sub-adviser (the “Sub-Adviser”), considers small-capitalization companies to be those with market capitalizations within the range of the market capitalization of companies included in the S&P SmallCap 600®  Index ($262.97 million to $7.83 billion as of March 1, 2024). Although the Fund invests primarily in small-capitalization securities, the Fund may invest in equity securities of companies of any capitalization. The equity securities in which the Fund invests are mainly common stocks. The Fund also may invest in real estate investment trusts (“REITs”).

In selecting investments for the Fund, the Sub-Adviser uses a quantitatively-driven strategy designed to emphasize high quality small-capitalization securities. 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 separately on measures of multiple investment factors including beta and value. 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. For purposes of this model, lower values for beta rank more favorably. Value is calculated using ratios of fundamental measures of company size to the market value of that company. The securities that rank highest on a sequential percentile basis for each factor measure are included in the Fund’s portfolio, at weights determined based on the number of factors for which the security ranks highly. 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.

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SIXS - Performance

Return Ranking - Trailing

Period SIXS Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -11.1% 21.7% 98.70%
1 Yr 8.5% -15.8% 34.1% 47.87%
3 Yr -0.6%* -10.4% 40.0% 63.83%
5 Yr N/A* -13.9% 32.0% 33.71%
10 Yr N/A* -3.3% 16.8% 50.91%

* Annualized

Return Ranking - Calendar

Period SIXS Return Category Return Low Category Return High Rank in Category (%)
2023 12.9% -19.9% 29.0% 55.87%
2022 -19.6% -59.3% 118.2% 38.76%
2021 39.3% -31.6% 39.3% 0.19%
2020 N/A -51.0% 39.5% N/A
2019 N/A -5.6% 37.8% N/A

Total Return Ranking - Trailing

Period SIXS Return Category Return Low Category Return High Rank in Category (%)
YTD -4.4% -11.1% 21.7% 98.70%
1 Yr 8.5% -15.8% 34.1% 47.87%
3 Yr -0.6%* -10.4% 40.0% 63.83%
5 Yr N/A* -13.9% 32.0% N/A
10 Yr N/A* -3.3% 16.8% N/A

* Annualized

Total Return Ranking - Calendar

Period SIXS Return Category Return Low Category Return High Rank in Category (%)
2023 14.9% -11.7% 31.8% 66.85%
2022 -18.5% -45.2% 123.7% 67.98%
2021 41.0% 0.0% 47.7% 1.52%
2020 N/A -50.5% 46.9% N/A
2019 N/A 2.1% 43.7% N/A

SIXS - Holdings

Concentration Analysis

SIXS Category Low Category High SIXS % Rank
Net Assets 75.5 M 529 K 145 B 86.30%
Number of Holdings 87 2 2433 76.48%
Net Assets in Top 10 12.6 M 120 K 10.3 B 87.04%
Weighting of Top 10 17.41% 3.5% 100.1% 46.84%

Top 10 Holdings

  1. INNOVIVA INC COMMON STOCK 2.53%
  2. IRONWOOD PHARMACEUTICALS INC COMMON STOCK 1.87%
  3. CAL-MAINE FOODS INC COMMON STOCK 1.81%
  4. MADISON SQUARE GARDEN SPORTS COMMON STOCK 1.76%
  5. STRIDE INC COMMON STOCK 1.66%
  6. WARRIOR MET COAL INC COMMON STOCK 1.62%
  7. STRATEGIC EDUCATION INC COMMON STOCK 1.59%
  8. ENCORE WIRE CORP COMMON STOCK 1.58%
  9. PATRICK INDUSTRIES INC COMMON STOCK 1.54%
  10. INSIGHT ENTERPRISES INC COMMON STOCK 1.47%

Asset Allocation

Weighting Return Low Return High SIXS % Rank
Stocks
99.68% 2.52% 106.73% 13.15%
Cash
0.32% 0.00% 42.16% 87.41%
Preferred Stocks
0.00% 0.00% 8.35% 48.70%
Other
0.00% -0.24% 36.28% 61.85%
Convertible Bonds
0.00% 0.00% 3.17% 47.87%
Bonds
0.00% -1.96% 82.35% 49.81%

Stock Sector Breakdown

Weighting Return Low Return High SIXS % Rank
Consumer Cyclical
17.26% 0.99% 47.79% 5.43%
Consumer Defense
13.12% 0.00% 18.87% 1.12%
Financial Services
13.00% 0.00% 35.52% 88.58%
Real Estate
12.07% 0.00% 29.43% 3.56%
Healthcare
10.16% 0.00% 26.53% 73.60%
Utilities
10.09% 0.00% 18.58% 0.56%
Industrials
8.38% 2.46% 37.42% 99.06%
Technology
7.60% 0.00% 54.70% 94.57%
Basic Materials
5.98% 0.00% 18.66% 21.91%
Communication Services
2.34% 0.00% 14.85% 59.55%
Energy
0.00% 0.00% 37.72% 97.00%

Stock Geographic Breakdown

Weighting Return Low Return High SIXS % Rank
US
99.68% 2.52% 106.73% 11.48%
Non US
0.00% 0.00% 91.59% 54.63%

SIXS - Expenses

Operational Fees

SIXS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.01% 38.30% 69.70%
Management Fee 0.61% 0.00% 1.50% 31.60%
12b-1 Fee 0.00% 0.00% 1.00% 10.16%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

SIXS 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% 5.00% N/A

Trading Fees

SIXS 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.

SIXS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 1.00% 314.00% N/A

SIXS - Distributions

Dividend Yield Analysis

SIXS Category Low Category High SIXS % Rank
Dividend Yield 0.73% 0.00% 42.47% 37.04%

Dividend Distribution Analysis

SIXS Category Low Category High Category Mod
Dividend Distribution Frequency None Annually SemiAnnual Annual

Net Income Ratio Analysis

SIXS Category Low Category High SIXS % Rank
Net Income Ratio 0.87% -2.40% 2.49% 16.67%

Capital Gain Distribution Analysis

SIXS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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SIXS - 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
0.08 49.61 7.12 2.58