SLT

Salt High truBeta U.S. Market ETF
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52
*Unless otherwise stated, data provided by FactSet.

SLT Fund Description

SLT tracks an equal-weighted index of US large-cap companies predicted to have high beta to the SPDR S&P 500 ETF (SPY).

SLT Factset Analytics Insight

SLT holds a basket of US stocks with high volatility, measured by beta, making it a potential alternative to a leveraged ETF for bullish investors. The fund starts with a universe of the 1000 largest US companies. At each quarterly rebalance, it ranks the universe by average daily volume, screens out the bottom half, and then uses a machine-learning algorithm to predict each remaining stock’s beta over the coming quarter. It selects the top 100 and weights them equally. Stocks with low correlation to the fund’s benchmark are screened out, and exposure to any one sector is capped at 30%.To calculate beta, SLT uses SPY as its benchmark, rather than the S&P 500 directly; SPY tracks its index closely, however, so the distinction should not be significant. Using predicted beta, rather than historical, could be more consequential. A stock’s beta changes over time, and extremely high or low values tend to quickly revert to the mean. SLT’s predictive algorithm—if it works—gives it a leg up on its closest competitor, Invesco’s SPHB. SLT’s larger starting universe—1000 names to SPHB’s 500—also gives it an advantage because it includes smaller, more volatile firms. That said, SLT is more expensive to hold and isn’t as well established.

SLT MSCI ESG Analytics Insight

Salt High truBeta U.S. Market ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.48 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Salt High truBeta U.S. Market ETF ranks in the 28th percentile within its peer group and in the 12nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SLT Charts And Performance

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Select ETFs to compare their performance:
PERFORMANCE [as of 10/10/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SLT -3.15% -6.73% 17.96% -0.87% -- -- --
SLT (NAV) -2.81% -5.65% 18.70% 5.31% -- -- --
Salt truBeta High Exposure Index -- -- -- -- -- -- --
MSCI USA Large Cap Index -1.18% -1.36% 19.00% 7.72% 13.30% 11.47% 12.93%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SLT Summary Data

05/16/18
Open-Ended Fund
0.29%
$12.74M
$64.48K
0.19%

SLT Portfolio Data

$65.53B
24.07
2.32
0.50%
N/A
102

SLT Index Data

Salt truBeta High Exposure Index
Equal
Beta
MSCI USA Large Cap Index

SLT Portfolio Management

0.29%
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--
--

SLT Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

SLT Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

SLT Factset Analytics Block Liquidity

As of 10/11/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SLT. SLT is rated a 5 out of 5.

SLT Tradability

1,912
$64.48K
663
$29.85K
0.19%
$0.05
0.02%
2.18% / -0.54%
None
100.00%
25,000
0.03
0.04%
0.00%
0
$24.56
5

SLT Sector/Industry Breakdown


SLT
Segment Benchmark
42.35%
28.82%
18.04%
14.64%
13.70%
13.38%
10.73%
9.10%
6.25%
13.93%
4.89%
2.08%
3.01%
4.64%
1.03%
8.01%

SLT Top 10 Holdings[View All]

Apple Inc. 1.12%
11.12%

SLT Countries


SLT
Segment Benchmark
100.00%
100.00%

SLT Regions


SLT
Segment Benchmark
100.00%
100.00%

SLT Economic Development


SLT
Segment Benchmark
100.00%
100.00%

SLT Performance Statistics

0.88
1.39
1.43
1.28
0.69%
MSCI USA Large Cap Index

SLT MSCI ESG Ratings

BBB
4.48 / 10
11.93
27.68
8.86%
3.83%
90.09

SLT Benchmark Comparison Holdings

102
296
45
15.93%

SLT Benchmark Comparison Summary


SLT
Segment Benchmark
102
296
$65.53B
$265.76B
24.07
21.77
2.32
3.49
1.40%
1.94%
Low
Low

SLT Benchmark Comparison Market Cap Size


SLT
Segment Benchmark
65.99%
99.78%
34.01%
0.22%
0.00%
0.00%
0.00%
0.00%