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ETF Series Solutions Trust - Pacer Salt Low truBeta US Market ETF
ETF
LSLT
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
LSLT (ETF)
ETF Series Solutions Trust - Pacer Salt Low truBeta US Market ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
LSLT (ETF)
ETF Series Solutions Trust - Pacer Salt Low truBeta US Market ETF
Payout Change
Suspended
Price as of:
$
+0.0
+0.0%
primary theme
N/A
Name
As of 02/25/2022Price
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
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$4.8 M
Holdings in Top 10
11.4%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.60%
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 02/25/2022Price
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
LSLT - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameETF Series Solutions Trust - Pacer Salt Low truBeta US Market ETF
-
Fund Family NameN/A
-
Inception DateMar 12, 2019
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBruce Kavanaugh
Fund Description
The Fund employs a “passive management” (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Index is based on a proprietary methodology developed by Salt Financial Indices LLC (the “Index Provider”).
The Index
The Index uses an objective, rules-based methodology to measure the performance of an equal-weighted portfolio of approximately 100 large and mid-capitalization U.S.-listed stocks with the lowest levels of variability in their historical beta calculations (“Beta Variability”) and forecasted beta of less than 1.00. “Beta” is a calculation of an investment’s systematic risk relative to the market.
Construction of the Index begins with the constituents of the Solactive US Large & Mid Cap Index (the “Equity Universe”), generally the 1,000 largest U.S.-listed common stocks and real estate investment trusts (“REITs”). Companies in the Equity Universe are then screened to keep only the 500 stocks with the highest average daily traded value over the past 30 days. The remaining stocks (the “Index Universe”) are analyzed using a proprietary algorithm developed by the Index Provider to calculate each stock’s truBeta forecast, i.e., its projected beta for the subsequent quarter.
A stock’s truBeta forecast is calculated based on a stock’s historical long-, medium-, and short-term performance, combined with machine learning (i.e., a quantitative modeling process that is automatically adjusted based on past results in an attempt to improve accuracy), to evaluate and compare its risk and return to those of the broader U.S. equity market. A stock with a truBeta of 1.00 would be expected to demonstrate a risk and return profile equivalent with the broader U.S. equity market (i.e., the stock’s price will move proportionately with levels of the broader market). A stock with a truBeta of less than 1.00 would be expected to be less volatile than the broader U.S. equity market and consequently, outperform the market in a declining market and underperform the market in a rising market.
The Index Universe is then further screened to keep only stocks with a truBeta score of less than 1.00. A Beta Variability score is calculated for the remaining stocks (the “Eligible Components”) based on the absolute difference between the short-term and medium-term data points used to generate the truBeta estimate. A lower score indicates less variability in beta over time.
The Index is initially constructed of the 100 Eligible Components with the lowest Beta Variability score, equally-weighted, and subject to a maximum 30% of the number of constituents in the Index being from a single sector. If more than 30% of the constituents would be from a single sector, the Eligible Component with the next lowest Beta Variability score not from the sector is selected instead of the Eligible Component that would have caused the Index to exceed the 30% limit.
As of October 31, 2020, a significant portion of the Index is comprised of companies in the consumer staples, utilities, and health care sectors. The sectors most significantly represented in the Index may change over time. The Index is rebalanced quarterly on the third Friday of March, June, September, and December (each, an “Effective Date”) based on truBeta forecasts and Beta Variability scores utilizing data as of five business days prior to the Effective Date of the applicable rebalance month (each, a “Selection Date”). Each rebalance of the Index utilizes constituent prices at the close of trading on the Selection Date for weighting purposes.
To minimize turnover at each quarterly rebalance, stocks remain in the Index unless their truBeta score on the Selection Date is 1.00 or higher, regardless of their Beta Variability score. Additions to the Index at each rebalance are selected using the same process as the initial selection, ranking the Eligible Components not already in the Index by their Beta Variability score and selecting Eligible Components starting with the lowest Beta Variability score to arrive at a total of 100 components.
As of October 31, 2020, the Index had an average truBeta of approximately 0.70. Consequently, the Index is expected to be less volatile than the broader U.S. equity market.
The Fund’s Investment Strategy
The Fund attempts to invest all, or substantially all, of its assets in the component securities that make up the Index. The Adviser expects that, over time, the correlation between the Fund’s performance and that of the Index, before fees and expenses, will be 95% or better. The Fund will generally use a “replication” strategy to achieve its investment objective, meaning it will invest in all of the component securities of the Index in the same approximate proportion as in the Index.
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 October 31, 2020, the Index was not concentrated in any industry or group of industries. The Fund is non-diversified and therefore may invest a larger percentage of its assets in the securities of a single issuer or small number of issuers than diversified funds.
LSLT - Performance
Return Ranking - Trailing
| Period | LSLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -21.2% | 27.4% | 51.68% |
| 1 Yr | N/A | -63.3% | 51.5% | 12.27% |
| 3 Yr | N/A* | -23.6% | 62.1% | N/A |
| 5 Yr | N/A* | -17.3% | 29.7% | N/A |
| 10 Yr | N/A* | -16.3% | 14.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | LSLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -65.1% | 38.0% | 43.08% |
| 2022 | N/A | -25.3% | 29.0% | 40.40% |
| 2021 | N/A | -8.4% | 56.7% | N/A |
| 2020 | N/A | -24.3% | 10.4% | N/A |
| 2019 | N/A | -9.4% | 21.9% | N/A |
Total Return Ranking - Trailing
| Period | LSLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -21.2% | 27.4% | 56.83% |
| 1 Yr | N/A | -63.3% | 61.5% | 20.51% |
| 3 Yr | N/A* | -23.6% | 62.1% | N/A |
| 5 Yr | N/A* | -16.3% | 32.8% | N/A |
| 10 Yr | N/A* | -3.7% | 21.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | LSLT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -65.1% | 38.0% | 43.08% |
| 2022 | N/A | -25.3% | 29.0% | 40.40% |
| 2021 | N/A | -8.4% | 56.7% | N/A |
| 2020 | N/A | -24.3% | 10.4% | N/A |
| 2019 | N/A | -8.9% | 21.9% | N/A |
LSLT - Holdings
Concentration Analysis
| LSLT | Category Low | Category High | LSLT % Rank | |
|---|---|---|---|---|
| Net Assets | 4.8 M | 390 K | 151 B | 97.47% |
| Number of Holdings | 101 | 2 | 1727 | 33.23% |
| Net Assets in Top 10 | 656 K | 2.1 K | 32.3 B | 97.70% |
| Weighting of Top 10 | 11.41% | 2.8% | 99.2% | 98.91% |
Top 10 Holdings
- Citrix Systems Inc 1.24%
- Archer-Daniels-Midland Co 1.17%
- Bristol-Myers Squibb Co 1.14%
- Fidelity National Information Services Inc 1.14%
- Progressive Corp/The 1.13%
- Philip Morris International Inc 1.13%
- Altria Group Inc 1.12%
- Merck and Co Inc 1.12%
- Allstate Corp/The 1.11%
- ATT Inc 1.11%
Asset Allocation
| Weighting | Return Low | Return High | LSLT % Rank | |
|---|---|---|---|---|
| Stocks | 99.87% | 10.06% | 125.26% | 10.83% |
| Cash | 0.13% | -88.20% | 89.94% | 86.02% |
| Preferred Stocks | 0.00% | 0.00% | 19.30% | 33.03% |
| Other | 0.00% | -2.02% | 26.80% | 27.27% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 28.42% |
| Bonds | 0.00% | 0.00% | 80.18% | 29.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LSLT % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 27.04% | 0.93% |
| Technology | 0.00% | 0.00% | 54.02% | 69.39% |
| Real Estate | 0.00% | 0.00% | 90.54% | 2.93% |
| Industrials | 0.00% | 0.00% | 42.76% | 93.06% |
| Healthcare | 0.00% | 0.00% | 35.26% | 71.09% |
| Financial Services | 0.00% | 0.00% | 58.05% | 98.84% |
| Energy | 0.00% | 0.00% | 54.00% | 96.84% |
| Communication Services | 0.00% | 0.00% | 26.58% | 59.75% |
| Consumer Defense | 0.00% | 0.00% | 34.10% | 1.46% |
| Consumer Cyclical | 0.00% | 0.00% | 22.74% | 55.90% |
| Basic Materials | 0.00% | 0.00% | 21.69% | 82.19% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LSLT % Rank | |
|---|---|---|---|---|
| US | 99.87% | 9.63% | 121.23% | 2.92% |
| Non US | 0.00% | 0.00% | 45.02% | 92.09% |
LSLT - Expenses
Operational Fees
| LSLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.01% | 4.02% | 73.84% |
| Management Fee | 0.60% | 0.00% | 1.50% | 54.91% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 8.58% |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| LSLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| LSLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 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.
| LSLT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 488.00% | 10.08% |
LSLT - Distributions
Dividend Yield Analysis
| LSLT | Category Low | Category High | LSLT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 42.82% | 71.70% |
Dividend Distribution Analysis
| LSLT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| LSLT | Category Low | Category High | LSLT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.51% | 4.28% | 32.02% |
Capital Gain Distribution Analysis
| LSLT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 30, 2021 | $0.008 | OrdinaryDividend |
| Sep 29, 2021 | $0.130 | OrdinaryDividend |
| Jun 25, 2021 | $0.131 | OrdinaryDividend |
| Mar 26, 2021 | $0.272 | OrdinaryDividend |
| Dec 28, 2020 | $0.123 | OrdinaryDividend |
| Jun 25, 2020 | $0.209 | OrdinaryDividend |
| Mar 26, 2020 | $0.159 | OrdinaryDividend |
| Dec 26, 2019 | $0.426 | OrdinaryDividend |
LSLT - Fund Manager Analysis
Managers
Bruce Kavanaugh
Start Date
Tenure
Tenure Rank
Oct 02, 2020
1.33
1.3%
Mr. Kavanaugh has been Vice President of the Adviser since it began operations in 2004. He has been a portfolio manager with the Adviser since 2013.
Michael Mack
Start Date
Tenure
Tenure Rank
Oct 02, 2020
1.33
1.3%
Michael Mack has been an Investment Analyst for Pacer Advisors, Inc. since joining it in 2012. Prior to his position with the firm, Mr. Mack was an Associate with Cameron Capital Management from 2011 to 2012. He also served as an Analyst/Trader for Simitec Inc., a business and technology consulting firm, from 2005 to 2009.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 86.59 | 7.88 | 16.42 |
