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Defiance Connective Technologies ETF
ETF
SIXG
Payout Change
Pending
Price as of:
$43.01
+0.47
+1.1%
primary theme
N/A
SIXG (ETF)
Defiance Connective Technologies ETF
Payout Change
Pending
Price as of:
$43.01
+0.47
+1.1%
primary theme
N/A
SIXG (ETF)
Defiance Connective Technologies ETF
Payout Change
Pending
Price as of:
$43.01
+0.47
+1.1%
primary theme
N/A
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
20.8%
1 yr return
40.4%
3 Yr Avg Return
5.9%
5 Yr Avg Return
12.8%
Net Assets
$580 M
Holdings in Top 10
50.3%
52 WEEK LOW AND HIGH
$42.5
$37.19
$43.40
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 10/02/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SIXG - Profile
Distributions
- YTD Total Return 20.8%
- 3 Yr Annualized Total Return 5.9%
- 5 Yr Annualized Total Return 12.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDefiance Connective Technologies ETF
-
Fund Family NameN/A
-
Inception DateMar 04, 2019
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund uses a “passive management” (or indexing) approach to track the total return performance, before fees and expenses, of the Index.
BlueStar® Connective Technologies Index
The Index is a rules-based index that consists of a tiered, modified market capitalization-weighted portfolio of the U.S.-listed equity securities, including depositary receipts, of companies that derive at least 50% of their revenues from business activities, products, or services that are tied to the development of, or are otherwise instrumental in the rollout of 5G or 6G networks or other connective technologies (collectively, “Connective Technology Companies”) as determined by MarketVector Indexes Gmb (“MarketVector” or the “Index Provider”). The Fund defines Connective Technology Companies to include: (i) manufacturers of core carrier grade networking equipment, including cellular antennas, routers and related semiconductor devices, (ii) satellite-based internet technology manufacturers and providers, (iii) mobile network operators (“MNOs”), (iv) enhanced mobile broadband chips and smart phone manufacturers, (v) manufacturers of new radio technology, wireless network test and optimization equipment, and cloud computing equipment, (vi) manufacturers and providers of software defined networking or network functions virtualization - including companies that focus on network/cloud analytics and monitoring platforms, and (vii) cell tower or data center real estate investment trusts (“REITs”).
To determine whether an investment meets the criteria of a Connective Technology Company and, thus is eligible for inclusion in the Index, companies are screened from the universe of global companies with equity securities or depositary receipts listed on a U.S. exchange by MarketVector based on a company’s primary business activities in regulatory filings (e.g., financial statements, annual reports, investor presentations), analyst reports, and industry-specific trade publications. Connective Technology Companies identified by MarketVector’s screening process are added to the Index, subject to the 50% revenue threshold described above and meeting the requirements described below.
At the time of each rebalance and reconstitution of the Index, each Connective Technology Company is ranked by its free-float market capitalization. The maximum weight for any single stock is 5% (1.5% for REITs and MNOs). If a stock exceeds the maximum weight, then the weight will be reduced to the maximum weight and the excess weight shall be redistributed proportionally across all other
index constituents. This process is repeated until no stocks have weights exceeding the respective maximum weight. Additionally, to qualify for inclusion in the Index, a Connective Technology Company must have a minimum market capitalization of $200 million, and must meet certain liquidity, free-float (i.e., the percentage of shares available to the public), and trading cost thresholds.
Only the three largest investable REITs and the three largest investable MNOs are included in the Index’s eligible universe, all investable companies from other segments are included in the eligible universe. The Index includes 50 constituents. The 40 largest members of the eligible universe based on float-adjusted market capitalization are automatically included. The next 10 companies are selected from the largest current Index constituents ranked in the top 60. If fewer than 50 constituents have been selected, the next largest members of the eligible universe will be selected until 50 constituents are selected. The Index may include small-, mid-, and large-capitalization companies.
The Index is rebalanced and reconstituted semi-annually after the close of business on the third Friday of each March and September based on data as of the first Thursday of each such reconstitution month. At the time of each rebalance and reconstitution of the Index, each constituent is weighted as described above, subject to a downward adjustment for securities trading below certain liquidity thresholds. Additionally, the weight of each Index component may rise and/or fall between Index rebalance dates.
To reduce turnover, existing Index components will not be removed from the Index solely for not meeting the minimum market capitalization or liquidity criteria unless they do not meet such requirements for two consecutive reconstitutions.
The Index was established in 2019 and is owned by the Index Provider. The Fund’s Index Provider is not affiliated with the Fund’s adviser, sub-adviser, administrator, or distributor.
The Fund’s Investment Strategy
Under normal circumstances, at least 80% of the Fund’s net assets (plus borrowings for investment purposes) will be invested in Connective Technologies Companies (as defined above).
The Fund will generally use a “replication” strategy to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index in the same approximate proportions as in the Index. However, the Fund may use a “representative sampling” strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index as a whole, when the Fund’s sub-adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).
The Fund generally may invest in securities or other investments not included in the Index, but which the Fund’s sub-adviser believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. As of September 11, 2024, the Index was concentrated in the semiconductor and communications equipment industries.
SIXG - Performance
Return Ranking - Trailing
| Period | SIXG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.8% | N/A | N/A | N/A |
| 1 Yr | 40.4% | N/A | N/A | N/A |
| 3 Yr | 5.9%* | N/A | N/A | N/A |
| 5 Yr | 12.8%* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
| Period | SIXG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.0% | N/A | N/A | N/A |
| 2022 | -28.4% | N/A | N/A | N/A |
| 2021 | 24.1% | N/A | N/A | N/A |
| 2020 | 28.2% | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
| Period | SIXG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 20.8% | N/A | N/A | N/A |
| 1 Yr | 40.4% | N/A | N/A | N/A |
| 3 Yr | 5.9%* | N/A | N/A | N/A |
| 5 Yr | 12.8%* | N/A | N/A | N/A |
| 10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SIXG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.0% | N/A | N/A | N/A |
| 2022 | -28.4% | N/A | N/A | N/A |
| 2021 | 24.1% | N/A | N/A | N/A |
| 2020 | 28.2% | N/A | N/A | N/A |
| 2019 | N/A | N/A | N/A | N/A |
SIXG - Holdings
Concentration Analysis
| SIXG | Category Low | Category High | SIXG % Rank | |
|---|---|---|---|---|
| Net Assets | 580 M | N/A | N/A | N/A |
| Number of Holdings | 52 | N/A | N/A | N/A |
| Net Assets in Top 10 | 301 M | N/A | N/A | N/A |
| Weighting of Top 10 | 50.30% | N/A | N/A | N/A |
Top 10 Holdings
- Mount Vernon Liquid Assets Portfolio, LLC 10.37%
- NVIDIA Corp 6.60%
- Apple Inc 5.90%
- Broadcom Inc 5.64%
- Oracle Corp 4.72%
- QUALCOMM Inc 4.27%
- Advanced Micro Devices Inc 3.65%
- Cisco Systems Inc 3.62%
- Analog Devices Inc 2.92%
- Arista Networks Inc 2.62%
Asset Allocation
| Weighting | Return Low | Return High | SIXG % Rank | |
|---|---|---|---|---|
| Stocks | 99.93% | N/A | N/A | N/A |
| Cash | 10.41% | N/A | N/A | N/A |
| Preferred Stocks | 0.00% | N/A | N/A | N/A |
| Other | 0.00% | N/A | N/A | N/A |
| Convertible Bonds | 0.00% | N/A | N/A | N/A |
| Bonds | 0.00% | N/A | N/A | N/A |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SIXG % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | N/A | N/A | N/A |
| Technology | 0.00% | N/A | N/A | N/A |
| Real Estate | 0.00% | N/A | N/A | N/A |
| Industrials | 0.00% | N/A | N/A | N/A |
| Healthcare | 0.00% | N/A | N/A | N/A |
| Financial Services | 0.00% | N/A | N/A | N/A |
| Energy | 0.00% | N/A | N/A | N/A |
| Communication Services | 0.00% | N/A | N/A | N/A |
| Consumer Defense | 0.00% | N/A | N/A | N/A |
| Consumer Cyclical | 0.00% | N/A | N/A | N/A |
| Basic Materials | 0.00% | N/A | N/A | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SIXG % Rank | |
|---|---|---|---|---|
| US | 99.93% | N/A | N/A | N/A |
| Non US | 0.00% | N/A | N/A | N/A |
SIXG - Expenses
Operational Fees
| SIXG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.30% | N/A | N/A | N/A |
| Management Fee | 0.30% | N/A | N/A | N/A |
| 12b-1 Fee | N/A | N/A | N/A | N/A |
| Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
| SIXG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | N/A | N/A | N/A |
| Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
| SIXG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SIXG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | N/A | N/A | N/A |
SIXG - Distributions
Dividend Yield Analysis
| SIXG | Category Low | Category High | SIXG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.86% | N/A | N/A | N/A |
Dividend Distribution Analysis
| SIXG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly |
Net Income Ratio Analysis
| SIXG | Category Low | Category High | SIXG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
| SIXG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency |
