Key stats
About ETC 6 Meridian Hedged Equity Index Option ETF
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Inception date
May 8, 2020
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Exchange Traded Concepts LLC
Distributor
SEI Investments Distribution Co.
SIXH holds a portfolio of 40-60 US equities and sellscall options against the SPY to increase current income and decrease volatility. In generating this income, the Funds total return in favorable markets may be reduced while its total return may increase in bearish markets. In creating the equity portfolio, SIXH uses a quantitative strategy focused on high quality or profitable stocks. Portfolio construction begins with ranking each company based on a composite of several factors intended to measure profitability, growth, liquidity, solvency, and momentum. Securities ranking the lowest, relative to the distribution of all securities measured are excluded. The remaining firms are then ranked separately using various factors including beta, momentum, yield, value, and quality. SIXH selects the highest ranking companies after all the measures are applied. The Fund also may hedge its portfolio through the use of inverse ETFs. On Nov. 16, 2021 ETC took over distribution of the fund.
Classification
What's in the fund
Exposure type
Consumer Non-Durables
Finance
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.