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ETF Series Solutions Trust - Pacer Salt High truBeta US Market ETF

ETF
SLT
Payout Change
Suspended
Price as of:
$ +0.0 +0.0%
primary theme
N/A
SLT (ETF)

ETF Series Solutions Trust - Pacer Salt High truBeta US Market ETF

Payout Change
Suspended
Price as of:
$ +0.0 +0.0%
primary theme
N/A
SLT (ETF)

ETF Series Solutions Trust - Pacer Salt High truBeta US Market ETF

Payout Change
Suspended
Price as of:
$ +0.0 +0.0%
primary theme
N/A

Name

As of 02/25/2022

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

ETF Series Solutions Trust - Pacer Salt High truBeta US Market ETF

SLT | ETF

-

$3.9 M

0.00%

0.60%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$3.9 M

Holdings in Top 10

13.1%

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 02/25/2022

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

ETF Series Solutions Trust - Pacer Salt High truBeta US Market ETF

SLT | ETF

-

$3.9 M

0.00%

0.60%

SLT - 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
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ETF Series Solutions Trust - Pacer Salt High truBeta US Market ETF
  • Fund Family Name
    N/A
  • Inception Date
    May 15, 2018
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Bruce 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 highest forecasted systematic risk relative to the market (known as “beta”). 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. Those 500 stocks are then 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, and to eliminate stocks whose performance is weakly correlated with the broader U.S. equity market (the remaining securities are referred to as the “Index Universe”). 
A stock’s truBeta forecast is calculated using a machine learning process (i.e., a quantitative model that is automatically adjusted based on past results to improve accuracy) that compares the stock’s historical long-, medium-, and short-term risk and returns to those of the broader U.S. equity market (using the SPDR S&P 500 ETF (SPY) as a market proxy). A stock with a truBeta of 1.00 would be expected to demonstrate a risk and return profile identical to that of the broader U.S. equity market. A stock with a truBeta of more than 1.00 would be expected to be more volatile than the broader U.S. equity market and consequently, exhibit outsized reactions to market events (i.e., outperform the market in a rising market and underperform the market in a declining market). As of October 31, 2020, the Index had an average truBeta of approximately 1.14. Consequently, the Index is expected to be more volatile than the broader U.S. equity market.
At the time of each rebalance of the Index, the Index is constructed of the 100 stocks in the Index Universe with the highest truBeta, 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 stock with the lowest truBeta score in such sector will be removed from the Index and replaced with the stock with the next highest truBeta forecast not already included in the Index. This process is repeated until each sector complies with the sector concentration constraint. 
As of October 31, 2020, a significant portion of the Index was comprised of companies in the information technology, consumer discretionary, and communication services 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 utilizing data as of five business days prior to the Effective Date of the applicable rebalance month. Each rebalance of the Index utilizes constituent prices at the close of trading five business days prior to the Effective Date for weighting purposes.
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.
Read More

SLT - Performance

Return Ranking - Trailing

Period SLT Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -51.8% 22.1% 16.08%
1 Yr N/A -60.9% 46.9% 93.68%
3 Yr N/A* -26.9% 192.0% 45.68%
5 Yr N/A* -29.0% 93.8% N/A
10 Yr N/A* -17.1% 37.1% N/A

* Annualized

Return Ranking - Calendar

Period SLT Return Category Return Low Category Return High Rank in Category (%)
2024 N/A -69.4% 53.7% 50.21%
2023 N/A -94.0% 152.6% 1.29%
2022 N/A -13.9% 183.6% 0.72%
2021 N/A -18.2% 8.9% N/A
2020 N/A -80.2% 35.2% N/A

Total Return Ranking - Trailing

Period SLT Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -97.2% 22.1% 15.96%
1 Yr N/A -60.9% 67.6% 92.28%
3 Yr N/A* -26.9% 192.0% 38.63%
5 Yr N/A* -28.0% 93.8% N/A
10 Yr N/A* -11.8% 37.1% N/A

* Annualized

Total Return Ranking - Calendar

Period SLT Return Category Return Low Category Return High Rank in Category (%)
2024 N/A -69.4% 53.7% 50.63%
2023 N/A -94.0% 152.6% 1.29%
2022 N/A -13.9% 183.6% 0.72%
2021 N/A -12.8% 8.9% N/A
2020 N/A -60.0% 35.2% N/A

SLT - Holdings

Concentration Analysis

SLT Category Low Category High SLT % Rank
Net Assets 3.9 M 38 K 1.21 T 97.72%
Number of Holdings 101 1 4154 50.58%
Net Assets in Top 10 622 K 1.74 K 270 B 98.57%
Weighting of Top 10 13.14% 1.8% 100.0% 97.98%

Top 10 Holdings

  1. Halliburton Co 1.44%
  2. Schlumberger Ltd 1.41%
  3. Occidental Petroleum Corp 1.37%
  4. Valero Energy Corp 1.32%
  5. Devon Energy Corp 1.31%
  6. Kohl's Corp 1.29%
  7. Diamondback Energy Inc 1.28%
  8. Targa Resources Corp 1.27%
  9. Antero Resources Corp 1.26%
  10. Alaska Air Group Inc 1.19%

Asset Allocation

Weighting Return Low Return High SLT % Rank
Stocks 		100.00% 0.00% 130.24% 13.27%
Cash 		0.03% -102.29% 100.00% 85.23%
Preferred Stocks 		0.00% 0.00% 2.23% 25.46%
Other 		0.00% -13.91% 134.98% 25.94%
Convertible Bonds 		0.00% 0.00% 5.54% 21.44%
Bonds 		0.00% -0.04% 95.81% 22.94%

Stock Sector Breakdown

Weighting Return Low Return High SLT % Rank
Utilities 		0.00% 0.00% 25.44% 87.44%
Technology 		0.00% 0.00% 48.94% 13.66%
Real Estate 		0.00% 0.00% 37.52% 79.64%
Industrials 		0.00% 0.00% 29.90% 77.92%
Healthcare 		0.00% 0.00% 60.70% 98.76%
Financial Services 		0.00% 0.00% 55.59% 74.19%
Energy 		0.00% 0.00% 41.64% 2.69%
Communication Services 		0.00% 0.00% 27.94% 75.02%
Consumer Defense 		0.00% 0.00% 49.14% 95.10%
Consumer Cyclical 		0.00% 0.00% 50.47% 1.86%
Basic Materials 		0.00% 0.00% 26.10% 7.87%

Stock Geographic Breakdown

Weighting Return Low Return High SLT % Rank
US 		100.00% 0.00% 127.77% 3.34%
Non US 		0.00% 0.00% 33.51% 92.92%

SLT - Expenses

Operational Fees

SLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 3.53% 61.74%
Management Fee 0.60% 0.00% 2.00% 62.88%
12b-1 Fee N/A 0.00% 1.00% 1.90%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

SLT 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 1.00% 5.00% N/A

Trading Fees

SLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

SLT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 496.00% 99.06%

SLT - Distributions

Dividend Yield Analysis

SLT Category Low Category High SLT % Rank
Dividend Yield 0.00% 0.00% 16.56% 58.99%

Dividend Distribution Analysis

SLT Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

SLT Category Low Category High SLT % Rank
Net Income Ratio N/A -54.00% 6.06% 74.87%

Capital Gain Distribution Analysis

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

Distributions History

View More +

SLT - 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
0.04 39.02 7.12 2.42

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