Understanding the ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH)

The SIXH ETF is designed to follow a specific equity-index option strategy. As of October 12, 2026, the current price of one share is $44.11.

What this ETF is trying to do

This ETF uses an option strategy related to equity indices. While the specific mechanics of its strategy are complex, it holds a variety of different stocks and funds to achieve its goals. Because the holdings can change over time, it is important to look at the most recent data.

Top Holdings

The following are some of the largest holdings in the portfolio (note that this is a partial list):

• STATE STREET® SPDR® S&P 500® ETF (5.04%)

• ALTRIA GROUP INC (4.94%)

• CONOCOPHILLIPS (4.09%)

• AT&T INC (3.91%)

• VERIZON COMMUNICATIONS INC (3.82%)

• PEPSICO INC (3.80%)

• QUALCOMM INC (3.66%)

• T-MOBILE US INC (2.83%)

• APPLE INC (2.76%)

• AMERICAN TOWER CORP (2.62%)

What the numbers show

When looking at how this ETF has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes the value of distributions).

• Year-to-Date (YTD): The price return is 12.30%, while the total return is 13.74%.

• One Year: The price return was 15.49%, and the total return was 17.69%.

• Three Years: The price return was 37.35%, and the total return was 45.23%.

• Five Years: The five-year total return was 61.70%.

An estimated price from roughly one year ago was $38.20.

Income and distribution explanation

SIXH provides regular cash payments to investors. The distribution yield is 1.76%. This means the annual cash distributions represent about 1.76% of the current share price. The ETF usually pays out monthly, having made 12 payments over the last year.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

However, regarding price erosion (the decline in the market price of the shares), the data shows an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.

Pros

• Positive Returns: The ETF has shown positive price returns and total returns over the one-year, three-year, and five-year periods.

• Regular Income: The fund provides a monthly distribution frequency.

Cons

• Partial Data: The list of holdings provided is only a partial list, meaning there are other investments in the fund not shown here.

Beginner takeaway

SIXH is an ETF that has experienced both share-price growth and total returns over several years. It also pays out regular monthly distributions. While the distribution yield provides cash, investors should always look at the total return to see how the share price and distributions work together.