The ETC 6 Meridian Mega Cap Equity ETF offers a defensive, value-tilted portfolio focused on high-quality, large-cap U.S. companies. SIXA trades at a significant discount to the Russell 1000 and peers, with a 15.2x P/E and strong low-volatility characteristics. While SIXA lags the Russell 1000 in bull markets, it outperforms value peers and shows resilience during downturns, with the lowest volatility among competitors.
ETC 6 Meridian Mega Cap Equity ETF focuses on the top 10% of U.S. stocks by market size, using a quant-based approach to outperform its benchmark index. The SIXA ETF's sector allocation leans towards technology, but balances growth and value with hefty consumer staples and financial sectors. SIXA's strategy may offer better risk-adjusted returns but comes with a high expense ratio and limited exposure to smaller firms.
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The company in question appears to be a fund that primarily focuses on investing in mega capitalization equity securities. It commits at least 80% of its net assets, in addition to any funds borrowed for investment purposes, to invest in the largest 10% of stocks by market capitalization within the Russell 3000 Index. These are generally regarded as the largest companies in the U.S. equities market. The fund predominantly invests in common stocks and is classified as non-diversified, meaning it may invest more heavily in individual securities than a diversified fund would.
The fund specializes in a select type of investment product, focusing on mega capitalization equity securities. Below is a detailed explanation of the primary investment focus: