The Approach

A quantitively-driven strategy emphasizing high quality large-cap stocks. Stocks are first screened to remove those that score poorly on financial and growth measures. Those stocks that remain are then ranked on a stand-alone basis in relation to five different factors: beta, momentum, yield, value, and quality. The stocks that rank the highest for each factor are combined into one portfolio. Stocks that rank high in multiple factors are over-weighted.

The Features

The investment objective of the fund is capital appreciation. A concentrated portfolio that seeks to deliver superior risk-adjusted returns over the index. Our research, as well as a large body of academic research, has found that the 5 factors selected for the portfolio are associated with long-term stock outperformance

Data as of 07/01/2020


MONTH END AS OF: 05/31/2020
1 Month 3 Month YTD Since Inception 1 Year 3 Years 5 Years
Market Price TBD TBD TBD 3.47% TBD TBD TBD
QUARTER END AS OF: 03/31/2020
1 Month 3 Month YTD Since Inception 1 Year 3 Years 5 Years

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Current performance may be lower or higher than the performance quoted.

SIXA Holdings as of 07/01/2020

LILLY (ELI) & CO LLY 532457108 25102 4,099,156.60 4.065%
TARGET CORP TGT 87612E106 33880 4,030,364.80 3.996%
WALMART INC WMT 931142103 31570 3,778,613.30 3.747%
BIOGEN INC BIIB 09062X103 12166 3,221,191.82 3.194%
AMAZON.COM INC AMZN 023135106 1078 3,103,238.60 3.077%
PROCTER & GAMBLE CO PG 742718109 22792 2,734,584.16 2.712%
COLGATE-PALMOLIVE CO CL 194162103 37268 2,721,682.04 2.699%
U S BANCORP USB 902973304 74998 2,698,428.04 2.676%
METLIFE INC MET 59156R108 74536 2,646,773.36 2.624%
WALGREENS BOOTS ALLIANCE INC WBA 931427108 62986 2,574,867.68 2.553%
CHARTER COMMUNICATIONS INC CHTR 16119P108 4928 2,571,972.48 2.550%
PHILIP MORRIS INTERNATIONAL PM 718172109 36498 2,554,495.02 2.533%
WELLS FARGO & CO WFC 949746101 101640 2,550,147.60 2.529%
INTEL CORP INTC 458140100 43274 2,544,943.94 2.524%
COSTCO WHOLESALE CORP COST 22160K105 8316 2,534,301.00 2.513%
VERIZON COMMUNICATIONS INC VZ 92343V104 46046 2,517,334.82 2.496%
GILEAD SCIENCES INC GILD 375558103 32956 2,506,633.36 2.486%
PFIZER INC PFE 717081103 69454 2,343,377.96 2.324%
NVIDIA CORP NVDA 67066G104 4158 1,585,029.60 1.572%
MORGAN STANLEY MS 617446448 32956 1,569,035.16 1.556%
UNITED PARCEL SERVICE-CL B UPS 911312106 13706 1,568,240.52 1.555%
LOWES COS INC LOW 548661107 11396 1,545,639.48 1.533%
APPLE INC AAPL 037833100 4158 1,513,969.38 1.501%
ABBVIE INC ABBV 00287Y109 15092 1,496,220.88 1.484%
CATERPILLAR INC CAT 149123101 11858 1,494,819.48 1.482%
ADOBE INC ADBE 00724F101 3388 1,490,076.28 1.478%
GENERAL DYNAMICS CORP GD 369550108 10010 1,472,871.40 1.460%
QUALCOMM INC QCOM 747525103 16170 1,451,742.60 1.440%
AMERICAN TOWER CORP AMT 03027X100 5390 1,430,452.10 1.418%
FACEBOOK INC FB 30303M102 6006 1,426,725.30 1.415%
NETFLIX INC NFLX 64110L106 2926 1,420,982.64 1.409%
MICROSOFT CORP MSFT 594918104 6930 1,418,571.00 1.407%
NIKE INC -CL B NKE 654106103 14476 1,409,962.40 1.398%
KRAFT HEINZ CO/THE KHC 500754106 44352 1,404,627.84 1.393%
TEXAS INSTRUMENTS INC TXN 882508104 11242 1,403,001.60 1.391%
RAYTHEON TECHNOLOGIES CORP RTX 75513E101 22484 1,385,239.24 1.374%
BANK OF NEW YORK MELLON CORP BK 064058100 36806 1,383,537.54 1.372%
HOME DEPOT INC HD 437076102 5544 1,375,743.60 1.364%
AMGEN INC AMGN 031162100 5390 1,375,096.80 1.364%
GOLDMAN SACHS GROUP INC GS 38141G104 6930 1,369,160.10 1.358%
3M CO MMM 88579Y101 8778 1,364,364.54 1.353%
AT&T INC T 00206R102 44352 1,326,124.80 1.315%
MERCK & CO. INC. MRK 58933Y105 16940 1,323,352.80 1.312%
JPMORGAN CHASE & CO JPM 46625H100 14014 1,306,945.64 1.296%
BANK OF AMERICA CORP BAC 060505104 56056 1,303,862.56 1.293%
PEPSICO INC PEP 713448108 9702 1,284,156.72 1.273%
COCA-COLA CO KO 191216100 28644 1,283,824.08 1.273%
KINDER MORGAN INC KMI 49456B101 85778 1,278,949.98 1.268%
INTERNATIONAL BUSINESS MACHINES CORP IBM 459200101 10472 1,241,350.88 1.231%
LOCKHEED MARTIN CORP LMT 539830109 3388 1,221,102.96 1.211%
JOHNSON & JOHNSON JNJ 478160104 8624 1,210,637.12 1.200%
ALLSTATE CORP ALL 020002101 12628 1,206,352.84 1.196%
CHEVRON CORP CVX 166764100 13706 1,200,919.72 1.191%

Fund holdings and sector allocations are subject to change and are not a recommendation to buy or sell any security. Holdings are reflective of trading and creation/redemption activity as of the date indicated.


Month Ex Date Record Date Pay Date Dividend Short Term Capital Gains
June 06/30/2020 07/01/2020 07/06/2020 0.0504

There is no guarantee distributions will be paid.


Second Quarter 2020
Days traded at nav 1
Days traded at premium 25
Days traded at discount 10


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 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.