SIXA
ETC 6 Meridian Mega Cap Equity ETF
📎 Investment Objective
The ETC 6 Meridian Mega Cap Equity ETF (SIXA) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the 6 Meridian Mega Cap Equity Index.
Overview
ETF tracking ETC 6 Meridian Mega Cap Equity ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ETC 6 Meridian Mega Cap Equity ETF (SIXA) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the 6 Meridian Mega Cap Equity Index.
🎯 Investment Strategy
The ETF employs a passive management (or index-tracking) strategy designed to track the performance of the underlying index. The index is composed of the largest U.S. publicly traded companies by market capitalization.
✨ Key Features
- Provides exposure to the largest U.S. companies by market cap
- Passively tracks the 6 Meridian Mega Cap Equity Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The value of the ETF's shares will fluctuate with changes in the value of the underlying index securities
- Concentration risk: The ETF is heavily concentrated in the largest U.S. companies, which could increase volatility
- Liquidity risk: As a new fund, SIXA may have lower trading volumes and less liquidity compared to more established ETFs
- Tracking error risk: The ETF may not perfectly track the underlying index due to factors like fees and expenses
👤 Best For
SIXA may be suitable for long-term investors seeking broad exposure to the largest U.S. companies. Due to its limited performance history, the fund may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.