SGI Enhanced Core ETFSGI Enhanced Core ETFSGI Enhanced Core ETF

SGI Enhanced Core ETF

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪477.82 M‬USD
Fund flows (1Y)
‪386.76 M‬USD
Dividend yield (indicated)
3.58%
Discount/Premium to NAV
0.1%
Shares outstanding
‪18.66 M‬
Expense ratio
1.05%

About SGI Enhanced Core ETF


Issuer
Summit Global LLC
Brand
Summit Global Investments
Home page
Inception date
Feb 29, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Summit Global Investments LLC
Distributor
Quasar Distributors LLC
USDX aims for income and enhanced yield by actively managing a broad portfolio of short-term fixed-income instruments, while employing an options strategy. The fund invests in short-term money market instruments and mutual funds or fixed-income and other debt-related instruments perceived to be of higher yield and quality. The fund also employs a put-and-call options strategy that selects deep out-of-the-money strike prices to the value of the S&P 500 Index or other broad benchmark indices that expire within 1-7 days. Through this strategy, the fund targets enhanced yield compared to traditional option-based strategies by selling short-term options, which typically generate more income than longer-term options over the same period. As such, this limits participation in potential gains if shares increase in value. The fund may hold short-term US Treasurys as collateral. USDX is not a money market fund and does not seek to maintain a fixed or stable NAV.

Classification


Asset Class
Fixed income
Category
Broad market, broad-based
Focus
Broad credit
Niche
Ultra-short term
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund66.00%
Cash34.00%
Rights & Warrants−0.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to USDX via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
USDX trades at 25.64 USD today, its price hasn't changed in the past 24 hours. Track more dynamics on USDX price chart.
USDX net asset value is 25.61 today — it's risen 0.48% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
USDX assets under management is ‪477.82 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
USDX price has risen by 0.34% over the last month, and its yearly performance shows a 0.94% increase. See more dynamics on USDX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.48% over the last month, showed a 0.83% increase in three-month performance and has increased by 1.90% in a year.
USDX fund flows account for ‪386.76 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
USDX invests in funds. See more details in our Analysis section.
USDX expense ratio is 1.05%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, USDX isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, USDX technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating USDX shows the neutral signal. See more of USDX technicals for a more comprehensive analysis.
Yes, USDX pays dividends to its holders with the dividend yield of 3.58%.
USDX trades at a premium (0.12%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
USDX shares are issued by Summit Global LLC
USDX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 29, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.