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About SGI Enhanced Core ETF
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Inception date
Feb 29, 2024
Structure
Open-Ended Fund
Replication method
Physical
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund78.32%
Cash21.68%
Rights & Warrants−0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
USDX last dividends amounted to 0.05 USD. The quarter before, the issuer paid 0.06 USD in dividends, which shows a 12.79% decrease.
USDX assets under management is 473.66 M USD. It's risen 1.33% over the last month.
USDX fund flows account for 381.78 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.
Yes, USDX pays dividends to its holders with the dividend yield of 3.58%. The last dividend (May 29, 2025) amounted to 0.05 USD. The dividends are paid quarterly.
USDX shares are issued by Summit Global LLC under the brand Summit Global Investments. The ETF was launched on Feb 29, 2024, and its management style is Active.
USDX expense ratio is 1.05% meaning you'd have to pay 1.05% of your investment to help manage the fund.
USDX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
USDX invests in funds.
USDX price has risen by 0.16% over the last month, and its yearly performance shows a 0.85% 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 1.94% in a year.
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 1.94% in a year.
USDX trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.