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VALT

ETFMG SIT Ultra Short ETF

About VALT

  • Developed as a secure cash allocation vehicle for investors who seek preservation of capital and fixed income returns in excess of short-term cash equivalents with an emphasis
    on daily liquidity
  • Institutional grade, user friendly tool designed to manage cash allocations with the goal of delivering enhanced yield, risk adjusted return and diversification
  • Uses investment grade, US dollar-denominated fixed, variable, and floating-rate debt securities
  • Ultrashort duration strategy sub-advised by a team led by Bryce Doty of Sit Fixed Income Advisors II, LLC of Sit Investments a $14b RIA

VALT is an actively managed ETF engineered to be a cash management tool focused on active risk management, stability and ease of use. The Fund invests in short duration, investment grade debt securities of varying maturities. The expected average effective portfolio duration varies between 2 months and 1 year, based on Sit Investments’ macroeconomic forecasts.

Fund Objective

The ETFMG Sit Ultra Short ETF (“The Fund”) is an actively managed exchange-traded fund (“ETF”) that seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of high-quality, short-term U.S. dollar-denominated domestic and foreign debt securities and other instruments. The Fund uses the Bloomberg Barclays U.S. Treasury Bills Index: 1-3-month Index as its benchmark index. The Fund seeks to maintain an average effective duration within a range of 2 months to 1 year.

Sit Investment Associates, Inc.

Sit Investment Associates, Inc. (“Sit Advisors”) is registered as a “commodity trading advisor” and will act as such for the Fund. Sit Advisors is a subsidiary of Sit Investment Associates, Inc. (“Sit”). Sit is a full product global asset manager offering management expertise in domestic equities, international equities and fixed income instruments. They have senior, experienced investment professionals who are actively involved in the investment process and client servicing. Sit has the resources of a $14.8 billion investment management firm working for the benefit of their clients.

Sit’s fixed-income investment strategy targets strong risk-adjusted returns from investment grade securities. Their equity investment strategy is growth-oriented which allows them to be responsive to growth opportunities in the developed and developing markets. Sit has achieved very competitive investment results for client portfolios over extended periods utilizing their disciplined, fundamental research-driven investment process.

For more information, visit sitinvest.com

Bryce Doty – Bond Market Expert & Partner in VALT

Bryce Doty is a Senior Vice President with Sit Fixed Income and senior portfolio manager of the taxable bond portfolios for the firm’s custom separately-managed accounts, private investment funds, and mutual funds. Bryce oversees the firm’s team of taxable bond managers, analysts, and traders.

Prior to joining Sit Investment Associates in 1995, Bryce gained extensive experience during his seven years with Minnesota Mutual in management consulting, serving as the due diligence officer for broker/dealer operations and as head of the public bond trading desk. His responsibilities also included analyzing and monitoring all total return corporate credits.

Bryce earned his M.B.A. degree, with a concentration in finance, from the Carlson School of Management at the University of Minnesota in 1992. He earned a B.A. degree in business management, with minors in physics and psychology, from Hamline University in 1988.  Bryce is a CFA charter holder.

Bryce currently serves on the Board of Trustees for Hamline University in St. Paul, Minnesota.

In the Media

Related Funds
Fund Summary
Fund Inception
10/08/2019
Ticker
VALT
CUSIP
26924G789
ISIN
US26924G7896
Stock Exchange
NYSE ARCA
Expense Ratio
0.30%
Intraday NAV (IIV)
VALT.IV
NAV Symbol
VALT.NV
Rebalance Frequency
Actively Managed
Index Provider
N/A
No. of Holdings
Index Ticker
VALT
Fund Documents

Fund Prices

Last Updated 10/17/2019

Fund Name

ETFMG SIT Ultra Short ETF

Symbol

VALT

NAV

49.96

Market Price Changes

0.02

Market Price Close

49.97

Nav Price Change

0.00

Premium/Discount(%)

0.03


Month End Performance

Last Updated

NAV% Market Value%
Cumulative    
1 Month
3 Months
6 Months
YTD
Since Inception Cumulative
Annual    
1 Year
3 Year
5 Year
Since Inception Annualized

Quarter End Performance

Last Updated

NAV% Market Value%
Cumulative    
1 Month
3 Months
6 Months
YTD
Since Inception Cumulative
Annual    
1 Year
3 Year
5 Year
Since Inception Annualized

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).


Top 10 Holdings

Last Updated 10/17/2019

Name % Total Assets Ticker Shares Held Market Value USD
DELTA AIRLINES PT 2007-1 6.821% 02/10/20244.61%247367BH7210,141$230,547.79
MPLX LP 3.20213% 09/09/20224.52%55336VBH2225,000$225,819.65
GENERAL MTRS FINL CO INC 4.2% 03/01/20214.09%37045XBF2200,000$204,358.60
HSBC HLDGS PLC 3.54313% 01/05/20224.08%404280BG3200,000$203,680.87
ATHENE GLOBAL FUNDING 3.31863% 07/01/20224.05%04685A2F7200,000$202,448.55
COMMONWEALTH BK AUSTRALIA 144A SR GLBL 144A 22 2.82513% 09/18/20224.03%2027A0JS9200,000$201,525.43
OCCIDENTAL PETE CORP 3.637% 08/15/20224.03%674599CQ6200,000$201,316.80
MIZUHO FINL GROUP INC 3.01838% 09/11/20224.03%60687YAN9200,000$201,111.12
BP CAP MKTS P L C 2.81413% 09/19/20224.02%05565QDQ8200,000$200,932.64
DANSKE BK AS 144A 2.75% 09/17/20204.02%23636AAD3200,000$200,863.43

Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.

Related Funds
Fund Summary
Fund Inception
10/08/2019
Ticker
VALT
CUSIP
26924G789
ISIN
US26924G7896
Stock Exchange
NYSE ARCA
Expense Ratio
0.30%
Intraday NAV (IIV)
VALT.IV
NAV Symbol
VALT.NV
Rebalance Frequency
Actively Managed
Index Provider
N/A
No. of Holdings
Index Ticker
VALT
Fund Documents

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