Now that we have five years of performance data for both the 6 Meridian Mega Cap Equity ETF (SIXA) and the 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH), we are taking a moment to reflect on the purpose behind these funds and how they continue to fit within our long-term investment philosophy.
"When we create investment strategies, we start with a simple question: What challenge are we trying to solve for investors? SIXA and SIXH were developed to address specific portfolio needs we observed through years of working with clients. More than five years later, they continue to serve as purposeful tools within a disciplined investment process and broader portfolio construction framework."
— Andrew Mies, CFA®, Founding Partner & Chief Investment Officer
While every investor's situation is different, these strategies were created to address real-world portfolio considerations, including long-term growth, risk management, and portfolio efficiency.
Five-Year Performance Snapshot
As of June 30, 2026:
Fund | 1-Year | 3-Year | 5-Year | Since Inception |
SIXA | 17.98% | 20.03% | 12.77% | 16.06% |
SIXH | 13.58% | 12.90% | 9.55% | 10.99% |
Data is as of quarter end 6/30/26. Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Shares are bought and sold at market price and not individually redeemed from the fund. Brokerage commissions will reduce returns. For performance current to the most recent month-end, visit 6meridianfunds.com.
We are pleased with our returns over the past five years for both SIXA and SIXH, including SIXA receiving a 5-Star Morningstar RatingTM and SIXH receiving a 4-Star Morningstar RatingTM for the 5-year period ending 6/30/26. You can review additional performance details here:
SIXA: https://www.morningstar.com/etfs/arcx/sixa/performance
SIXH: https://www.morningstar.com/etfs/arcx/sixh/performance
Morningstar® ratings are based on risk-adjusted returns and derived from a weighted average of the five-year Morningstar metrics for the period ending 6/30/26. For the 5-year period ending 6/30/26, SIXH was rated within the US Fund Equity Hedged category of 139 funds and SIXA within the US Fund Large Value category of 1,053 funds.
Part of a Broader Portfolio Strategy
At 6 Meridian, we believe successful investing is rarely about finding a single investment solution. Instead, it is about thoughtfully combining investment strategies in a way that aligns with an investor's goals, circumstances, and long-term plan.
SIXA and SIXH were designed to serve as portfolio building blocks rather than standalone solutions. Depending on an investor's objectives, risk tolerance, and overall financial picture, these strategies may be used alongside other investments as part of a customized portfolio approach.
For many investors, portfolio construction is less about adding complexity and more about understanding the role each investment plays within an overall strategy. SIXA and SIXH were created with that philosophy in mind—to provide targeted solutions that can support broader portfolio optimization efforts when they align with an investor's needs and objectives.
As markets evolve, our focus remains on helping investors navigate complexity through disciplined investment management, thoughtful portfolio construction, and long-term planning.
We appreciate the trust investors have placed in these strategies and remain committed to evaluating opportunities that help address the real-world challenges investors face.
Full details on 6 Meridian funds can be found on our website.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The SIXH was rated against the following numbers of U.S.-domiciled US Fund Equity Hedged funds over the following time periods: 139 funds in the last three years and 117 funds in the last five years. With respect to these US Fund Equity Hedged funds, the SIXH received a Morningstar Rating of 3 stars and 4 stars for the three- and five-year periods, respectively. Past performance is no guarantee of future results.
The SIXA was rated against the following numbers of U.S.-domiciled US Fund Large Value funds over the following time periods: 1,053 funds in the last three years and 990 funds in the last five years. With respect to these US Fund Large Value funds, the SIXA received a Morningstar Rating of 4 stars and 5 stars for the three- and five-year periods, respectively. Past performance is no guarantee of future results.
Ex: ©2026 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ prospectus or summary prospectuses, which may be obtained by visiting https://6meridianfunds.com/investor-materials. Investors should read it carefully before investing or sending money.
The Funds are distributed by SEI Investments Distribution Co. which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
Investing involves risk, including possible loss of principal. The funds are non-diversified. The funds are actively managed and there is no guarantee the securities selected or the strategies employed will achieve the intended results.
The funds rely heavily on quantitative models as well as data and information supplied by third parties that are utilized by the models. To the extent the models do not perform as designed or as intended, the Funds’ strategies may not be successfully implemented and the Funds may lose value. If the models or data are incorrect or incomplete, any decisions made in reliance thereon may lead to the inclusion or exclusion of securities that would have been excluded or included had the models or data been correct and complete.
Small cap risk for SIXH, SIXL, SIXS: Investments in smaller companies typically exhibit higher volatility.
REIT risk for SIXL, SIXS: In addition to the normal risks associated with investing, narrowly focused investments typically exhibit higher volatility. REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations.
SIXH-specific risk: By writing covered call options in return for the receipt of premiums, the Fund will give up the opportunity to benefit from potential increases in the value of the reference index above the exercise prices of such options, but will continue to bear the risk of declines in the value of the reference index. The premiums received from the options may not be sufficient to offset any losses sustained from the volatility of the underlying stocks over time. In addition, the Fund’s ability to sell the securities underlying the options will be limited while the options are in effect unless the Fund cancels out the option positions through the purchase of offsetting identical options prior to the expiration of the written options. An inverse ETF is designed to lose value as the underlying benchmark increases in value, a result that is opposite from traditional mutual funds, and shareholders of inverse ETFs will lose money when the value of the underlying benchmark rises.
Definition of index call option copied from the prospectus: As the seller of an index call option, the Fund receives a premium from the purchaser. The purchaser of the index call option has the right to any appreciation in the value of the index over the exercise price upon the exercise of the call option or the expiration date. If, at expiration, the purchaser exercises the index option sold by the Fund, the Fund will pay the purchaser the difference between the cash value of the index and the exercise price of the index option. The premium, the exercise price and the market value of the index determine the gain or loss realized by the Fund as the seller of the index call option. A covered call refers to transaction in the financial market in which the investor selling call options owns the equivalent amount of the underlying security. To execute this an investor holding a long position in an asset then writes (sells) call options on that same asset to generate an income stream. Beta is a measure of the volatility, or systematic risk, of a security or portfolio, in comparison to the market as a whole.
For SIXA, SIXH, SIXL & SIXS: Beginning May 11, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to May 11, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times.
For SXQG: The market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time.