Salt HighTrubeta US Market ETF

The Salt HighTrubeta US Market ETF seeks to track the investment results of The Salt High truBeta US Market Index. 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 Adviser 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 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).
Key Statistics
Return As of Date
22 May 2019
Assets Under Management
$11.11M (USD)
1 Month Total Return
-7.81%
Year to Date Return
19.38%
 
1 Year Total Return
-1.64%
3 Year Annualized Total Return
0.00%
NAV
24.6986
Share Outstanding
450000
Fund Overview
Exchange Ticker
SLT
Sponsor
Salt Financial
Bloomberg Ticker
SLT:US
ETF Type
US Equities - Factor & Thematic
Active / Passive
Passive
 
ISIN
US26922A4792
Inception Date
05/16/2018
Legal Structure
ETF (Open end fund)
Exchange
BATS
Fund Costs
Net Expense Ratio
0.5 %
 
Fund Features
Asset Class
Equities (Stocks)
Other Asset Types
Not Applicable
Domestic / International
Domestic
Developed / Emerging
Developed Market Funds
Continent
North America
Country
US
Cross Sector Theme
Not Applicable
Sector
Not Applicable
Industry
Not Applicable
 
Bond Type
Not Applicable
Average Maturity
Not Applicable
Bond Currency Denomination
Not Applicable
Credit Quality
Not Applicable
Floating Rate
Not Applicable
Currency Hedged
No
Derivatives Based
Not Primarily Derivatives Based
Inverse Leveraged
Not Applicable
Index Details
Index Name
Salt High truBeta US Market Index
Index Family
Not Applicable
Broader Index Family
Not Applicable
 
Index Weighting Scheme
Equal Weighted
Index Provider
Salt Financial
Fund Family
Salt Financial Equity Funds