About VALT™
VALT™ is an actively managed ETF 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.
- 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 allocations with the goal of delivering enhanced yield, risk-adjusted return and diversification.
- Uses investment-grade, U.S. dollar-denominated fixed, variable, and floating-rate debt securities.
- Ultra-short duration strategy sub-advised by a team led by Bryce Doty of Sit Fixed Income, Advisors II, LLC of Sit Investments, a $14B RIA.
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 the 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.
Target Portfolio Asset Breakdown (%)
Sit Fixed Income Advisors II LLC (“Sit Advisors”)
Sit Fixed Income Advisors II LLC (“Sit Advisors”) is the sub-adviser 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
Fund Summary
Income Data
as of 5/31/2023 4
as of 4/30/2023 5
as of 4/30/2023 6
as of 4/30/2023 7
as of 05/01/2023 8
as of 05/01/2023 9
Fund Documents
Related Funds
Fund Prices
Last Updated 5/31/2023
Fund Name
ETFMG SIT Ultra Short ETF
NAV
48.40
Nav Price Change
0.05
Median Bid/Ask Spread (30 Day) (%) 3
0.10
Symbol
VALT
Market Price Close
48.12
Market Price Changes
-0.38
Premium/Discount (%)
-0.57
Month End Performance
|
Last Updated 04/30/2023 |
NAV% | Market Value% |
|---|---|---|
| Cumulative | ||
| 1 Month | 0.60 | 0.56 |
| 3 Months | 0.83 | 0.91 |
| 6 Months | 2.92 | 3.03 |
| YTD | 1.55 | 1.30 |
| Since Inception Cumulative | 2.42 | 2.42 |
| Annual | ||
| 1 Year | 1.83 | 2.20 |
| 3 Year | 1.29 | 1.36 |
| 5 Year | - | - |
| Since Inception Annualized | 0.67 | 0.67 |
Quarter End Performance
|
Last Updated 03/31/2023 |
NAV% | Market Value% |
|---|---|---|
| Cumulative | ||
| 1 Month | 0.22 | 0.28 |
| 3 Months | 0.95 | 0.74 |
| 6 Months | 2.20 | 2.33 |
| YTD | 0.95 | 0.74 |
| Since Inception Cumulative | 1.81 | 1.85 |
| Annual | ||
| 1 Year | 1.06 | 1.10 |
| 3 Year | 1.65 | 1.70 |
| 5 Year | - | - |
| Since Inception Annualized | 0.52 | 0.53 |
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
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
Premium Discount ChartNews Alert
Attractive Opportunity in Short-term Bonds
Fund Summary
Income Data
as of 5/31/2023 4
as of 4/30/2023 5
as of 4/30/2023 6
as of 4/30/2023 7
as of 05/01/2023 8
as of 05/01/2023 9
