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Trending ETFs

ETFMG Sit Ultra Short ETF

Active ETF
VALT
Payout Change
Pending
Price as of:
$48.52 +0.04 +0.08%
primary theme
N/A
VALT (ETF)

ETFMG Sit Ultra Short ETF

Payout Change
Pending
Price as of:
$48.52 +0.04 +0.08%
primary theme
N/A
VALT (ETF)

ETFMG Sit Ultra Short ETF

Payout Change
Pending
Price as of:
$48.52 +0.04 +0.08%
primary theme
N/A

Name

As of 08/25/2023

Price

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

ETFMG Sit Ultra Short ETF

VALT | Active ETF

$48.52

$75.4 M

0.00%

0.30%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$75.4 M

Holdings in Top 10

29.4%

52 WEEK LOW AND HIGH

$48.5
$47.64
$48.74

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 55.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 08/25/2023

Price

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

ETFMG Sit Ultra Short ETF

VALT | Active ETF

$48.52

$75.4 M

0.00%

0.30%

VALT - 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 0.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    ETFMG Sit Ultra Short ETF
  • Fund Family Name
    ETF Managers Trust
  • Inception Date
    Oct 08, 2019
  • Shares Outstanding
    4625000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Rasmussen

Fund Description

The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in a diversified portfolio of high-quality short-term U.S. dollar denominated domestic and foreign debt securities and other instruments.
The Fund will, under normal circumstances, invest primarily in fixed-income securities. These include:
Commercial paper of domestic and foreign banks and corporations;
Obligations of domestic and foreign banks and corporations, including both fixed rate and floating rate securities;
Obligations of the U.S. government or its agencies, instrumentalities or sponsored enterprises;
Mortgage and other asset-backed securities including automobile and credit card receivables, utilities, equipment trust certificates, railway authorities, single-family rentals, manufactured home loans, home improvement loans, and home equity loans; and
Repurchase agreements relating to the above instruments.
The Fund invests in investment grade domestic debt obligations (i.e., obligations rated within the top four rating categories by a Nationally Recognized Statistical Rating Organization (“NRSRO”) or of comparable quality as determined by the Fund’s Sub-Adviser (as defined below)).
The Fund is not a money market fund, does not seek to maintain a fixed or stable net asset value of $1, is not subject to the rules that govern the quality, maturity, liquidity, and other features of securities that money market funds may purchase, and does not have the tax advantages of a money market fund.
Sit Fixed Income Advisors II, LLC (“Sit Investment” or the “Sub-Adviser”) may invest in debt obligations of maturities with a dollar weighted average maturity of no more than 3 years and may invest in debt obligations with a maximum maturity of 4 years. During normal market circumstances the average portfolio effective duration for the Fund is expected be more than 2 months, but less than 1 year. The Sub-Adviser attempts to diversify the Fund’s portfolio by holding debt obligations of many different issuers and choosing issuers in a variety of sectors. The Fund is a “diversified” fund, which means that it may not, with respect to 75% of its total assets, invest more than 5% of its total assets in the securities of a single issuer (other than cash and cash items, U.S. government securities or securities of other investment companies) or purchase more than 10% of the outstanding voting securities of an issuer.
In determining which debt obligations to buy for the Fund, the Sub-Adviser attempts to achieve the Fund’s investment objective primarily in three ways:
Yield curve positioning: The Sub-Adviser selects debt obligations with maturities and yields that it believes have the greatest potential for achieving the Fund’s objectives.
Sector allocation:The Sub-Adviser invests in debt obligations in those sectors which it believes represent the greatest potential for achieving the Fund’s objectives.
Security selection: The Sub-Adviser determines which issuers it believes offer the best relative value within each sector and then decides which available debt obligations of that issuer to purchase.
The Fund may also invest in shares of stable value money market funds and ETFs that principally invest in the same types of securities in which the Fund may invest directly.
The Fund is actively-managed and does not seek to track the performance of any particular index.
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VALT - Performance

Return Ranking - Trailing

Period VALT Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -2.4% 3.7% 60.00%
1 Yr N/A -6.4% 3.3% 64.89%
3 Yr N/A* -3.4% 0.6% 64.73%
5 Yr N/A* -13.0% 0.4% 24.87%
10 Yr N/A* -6.6% 0.1% 30.89%

* Annualized

Return Ranking - Calendar

Period VALT Return Category Return Low Category Return High Rank in Category (%)
2023 -2.4% -6.5% 0.5% 62.39%
2022 -0.5% -2.1% 0.3% 51.89%
2021 -0.8% -3.1% 1.8% 94.58%
2020 N/A -1.2% 6.1% N/A
2019 N/A -51.1% 0.4% N/A

Total Return Ranking - Trailing

Period VALT Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -1.5% 9.0% 60.00%
1 Yr N/A -3.3% 8.7% 64.89%
3 Yr N/A* -2.4% 4.5% 64.73%
5 Yr N/A* -11.0% 3.4% N/A
10 Yr N/A* -4.9% 3.2% N/A

* Annualized

Total Return Ranking - Calendar

Period VALT Return Category Return Low Category Return High Rank in Category (%)
2023 -0.5% -5.1% 2.5% 63.76%
2022 0.2% -2.1% 14.5% 36.32%
2021 0.8% -1.0% 4.4% 86.70%
2020 N/A 0.3% 9.6% N/A
2019 N/A -49.9% 2.3% N/A

VALT - Holdings

Concentration Analysis

VALT Category Low Category High VALT % Rank
Net Assets 75.4 M 565 K 120 B 86.46%
Number of Holdings 56 1 3396 87.34%
Net Assets in Top 10 26 M -200 M 16.1 B 86.03%
Weighting of Top 10 29.40% 2.6% 103.2% 30.57%

Top 10 Holdings

  1. First American Government Obligations Fund 4.25%
  2. CenterPoint Energy Inc 3.01%
  3. Citigroup Inc 2.95%
  4. Enbridge Inc 2.86%
  5. MT Bank Corp 2.82%
  6. First-Citizens Bank Trust Co 2.78%
  7. PNC Financial Services Group Inc/The 2.77%
  8. Celanese US Holdings LLC 2.70%
  9. Lincoln National Corp 2.70%
  10. Verizon Communications Inc 2.56%

Asset Allocation

Weighting Return Low Return High VALT % Rank
Bonds
94.76% 0.00% 123.41% 27.95%
Convertible Bonds
7.76% 0.00% 15.25% 17.54%
Cash
5.24% -24.02% 100.00% 45.41%
Stocks
0.00% 0.00% 3.35% 95.63%
Preferred Stocks
0.00% 0.00% 0.00% 94.76%
Other
0.00% -10.38% 3.22% 93.89%

Bond Sector Breakdown

Weighting Return Low Return High VALT % Rank
Corporate
93.43% 0.00% 99.91% 1.32%
Cash & Equivalents
4.25% 0.00% 100.00% 45.85%
Government
3.40% 0.00% 100.00% 40.35%
Municipal
1.93% 0.00% 70.39% 13.16%
Derivative
0.00% 0.00% 23.15% 80.35%
Securitized
0.00% 0.00% 100.00% 98.68%

Bond Geographic Breakdown

Weighting Return Low Return High VALT % Rank
US
94.76% 0.00% 100.00% 27.95%
Non US
0.00% 0.00% 49.76% 96.07%

VALT - Expenses

Operational Fees

VALT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.08% 18.10% 79.65%
Management Fee 0.30% 0.00% 1.19% 71.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% N/A

Sales Fees

VALT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

VALT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

VALT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 55.00% 0.00% 369.54% 32.98%

VALT - Distributions

Dividend Yield Analysis

VALT Category Low Category High VALT % Rank
Dividend Yield 0.00% 0.00% 6.35% 13.60%

Dividend Distribution Analysis

VALT Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VALT Category Low Category High VALT % Rank
Net Income Ratio 0.77% -1.30% 14.86% 23.98%

Capital Gain Distribution Analysis

VALT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

VALT - Fund Manager Analysis

Managers

Christopher Rasmussen


Start Date

Tenure

Tenure Rank

Oct 08, 2019

2.65

2.7%

Chris joined Sit Investment Associates in February 1999, joining Sit Fixed Income in September 2002. He is responsible for taxable bond portfolio management and credit research. Chris received a B.S.B. in Finance with a minor in economics from the University of Minnesota Carlson School of Management in 2001. In 2004, he received an M.B.A with dual concentrations in finance and strategic management, also from the University of Minnesota Carlson School of Management. He currently serves as a member of the investment subcommittee for the Girl Scouts of Minnesota and Wisconsin River Valleys.

Bryce Doty


Start Date

Tenure

Tenure Rank

Oct 08, 2019

2.65

2.7%

Bryce A. Doty, Vice President – Investments, served as Senior Vice President and Senior Portfolio Manager of Sit Investment Fixed Income Advisors, Inc. Prior to joining Sit Investment Associates in 1995, Bryce gained extensive experience during his seven years with Minnesota Mutual in management consulting. Bryce earned his M.B.A. degree, with a concentration in finance, from the Carlson School of Management at the University of Minnesota in 1992. He earned a B.A. degree in business management, with minors in physics and psychology, from Hamline University in 1988. Bryce is a CFA charter holder.

Mark Book


Start Date

Tenure

Tenure Rank

Oct 08, 2019

2.65

2.7%

Mark joined Sit Investment Associates in August 2000 as a Portfolio Manager and Fixed Income Analyst. He is responsible for taxable bond portfolio management and credit research. Prior to joining SIA, Mark spent three years with U.S. Bancorp Piper Jaffray where he was Vice President and Senior Corporate Bond Strategist. Prior to U.S. Bancorp Piper Jaffray, he worked as a fixed income portfolio manager at Norwest Investment Management for one year and Insight Investment Management for six years. He also traded fixed income securities at Reliastar Financial Corporation (now ING) for five years. Mark received a B.A. in Accounting from the University of Minnesota in 1986. In 1992 he completed his M.B.A. with a concentration in finance at the University of Minnesota Carlson School of Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.62 7.92