SIXS: ETC 6 MERIDIAN SMALL CAP EQUITY ETF
ETF Education Report: ETC 6 MERIDIAN SMALL CAP EQUITY ETF (SIXS)
What this ETF is trying to do
The ETC 6 MERIDIAN SMALL CAP EQUITY ETF (ticker: SIXS) is an exchange-traded fund designed to invest in small-cap companies. Small-cap refers to companies with a smaller total market value. This ETF holds 86 different companies in its portfolio.
What the numbers show
The current price of SIXS is $55.43. When looking at how the fund has performed, it is important to distinguish between "price return" and "total return."
• Price Return: This measures only the change in the share price.
• Total Return: This includes both the share price changes and the money paid out through distributions.
According to the supplied data, SIXS has shown growth in both areas:
• Year-to-Date (YTD): The price return is approximately 9.25%, while the total return is approximately 10.99%.
• One-Year: The price return was approximately 13.70%, and the total return was approximately 15.99%.
• Three-Year: The price return was approximately 30.85%, and the total return was approximately 37.37%.
An estimated price from roughly one year ago was $48.75.
Income and distribution explanation
SIXS provides cash distributions to investors. The distribution yield is approximately 1.94%. This means the annual cash payments represent about 1.94% of the current share price. The fund usually pays these distributions monthly, with 12 payments recorded 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 fund has an erosion score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this is a partial list):
• International Seaways Inc (INSW): 2.71%
• Par Pacific Holdings Inc (PARR): 2.57%
• Innoviva Inc (INVA): 2.34%
• Assured Guaranty Ltd (AGO): 2.19%
• GPOR: 2.14%
• Cal-Maine Foods Inc (CALM): 1.93%
• CVR Energy Inc (CVI): 1.61%
• Signet Jewelers Ltd (SIG): 1.48%
• ASO: 1.44%
• Kennametal Inc (KMT): 1.37%
Pros
• The fund has shown positive price returns and total returns over the one-year and three-year periods.
• The fund provides regular monthly distributions.
Cons
• As a small-cap fund, it invests in smaller companies which may behave differently than larger, more established companies.
Beginner takeaway
SIXS is a small-cap ETF that has recently seen both its share price and its total return grow. It pays a monthly distribution, but investors should remember that a distribution yield is not the same as total return. Always look at both the price movement and the distributions to understand how a fund is performing.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | INTERNATIONAL SEAWAYS INC | INSW | 2.71% |
| 2 | PAR PACIFIC HOLDINGS INC | PARR | 2.57% |
| 3 | INNOVIVA INC | INVA | 2.34% |
| 4 | ASSURED GUARANTY LTD | AGO | 2.19% |
| 5 | n/a | GPOR | 2.14% |
| 6 | CAL-MAINE FOODS INC | CALM | 1.93% |
| 7 | CVR ENERGY INC | CVI | 1.61% |
| 8 | SIGNET JEWELERS LTD | SIG | 1.48% |
| 9 | n/a | ASO | 1.44% |
| 10 | KENNAMETAL INC | KMT | 1.37% |