VALT — ETFMG Sit Ultra Short ETF
Data updated: 2023-08-25
VALT — ETFMG Sit Ultra Short ETF. Leveraged · $88.58M AUM · 0.30% expense ratio · 3.1% 1-yr return. Holdings, fees, performance and SEC filings.
VALT Fund Overview
VALT — ETFMG Sit Ultra Short ETF is a US ETF managed by ETF Managers Trust, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: ETF Managers Trust
- Category: Leveraged
- Assets under management: $88.58M
- 1-year return: 3.1%
- Ticker: VALT
- SEC CIK: 0001467831
- SEC series ID: S000065810
- Share class ID: C000212680
VALT Investment Objective and Strategy
ETFMG Sit Ultra Short ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ETF Managers Trust.
Investment objective
The ETFMG Sit Ultra Short ETF (the Fund or the Ultra Short ETF) seeks maximum current income to the extent consistent with preserving capital and maintaining liquidity.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF) that 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 will, under normal circumstances, invest primarily in fixed-income securities. These include: Commercial paper of domestic and foreign banks and corporations; Obligations of domestic and foreign banks and corporations, including both fixed rate and floating rate securities; Obligations of the U.S. government or its agencies, instrumentalities or sponsored enterprises; Mortgage and other asset-backed securities including automobile and credit card receivables, utilities, equipment trust certificates, railway authorities, single-family rentals, manufactured home loans, home improvement loans, and home equity loans; and Repurchase agreements relating to the above instruments.
The Fund invests in investment grade domestic debt obligations ( i.e. , obligations rated within the top four rating categories by a Nationally Recognized Statistical Rating Organization (NRSRO) or of comparable quality as determined by the Funds Sub-Adviser (as defined below)). The Fund is not a money market fund, does not seek to maintain a fixed or stable net asset value of $1, is not subject to the rules that govern the quality, maturity, liquidity, and other features of securities that money market funds may purchase, and does not have the tax advantages of a money market fund. Sit Fixed Income Advisors II, LLC (Sit Investment or the Sub-Adviser) may invest in debt obligations of maturities with a dollar weighted average maturity of no more than 3 years and may invest in debt obligations with a maximum maturity of 4 years.
During normal market circumstances the average portfolio effective duration for the Fund is expected be more than 2 months, but less than 1 year. The Sub-Adviser attempts to diversify the Funds portfolio by holding debt obligations of many different issuers and choosing issuers in a variety of sectors. The Fund is a diversified fund, which means that it may not, with respect to 75% of its total assets, invest more than 5% of its total assets in the securities of a single issuer (other than cash and cash items, U.S. government securities or securities of other investment companies) or purchase more than 10% of the outstanding voting securities of an issuer. In determining which debt obligations to buy for the Fund, the Sub-Adviser attempts to achieve the Funds investment objective primarily in three ways: Yield curve positioning : The Sub-Adviser selects debt obligations with maturities and yields that it believes have the greatest potential for achieving the Funds objectives.
Sector allocation : The Sub-Adviser invests in debt obligations in those sectors which it believes represent the greatest potential for achieving the Funds objectives. Security selection : The Sub-Adviser determines which issuers it believes offer the best relative value within each sector and then decides which available debt obligations of that issuer to purchase. The Fund may also invest in shares of stable value money market funds and ETFs that principally invest in the same types of securities in which the Fund may invest directly. The Fund is actively-managed and does not seek to track the performance of any particular index.
VALT Holdings
Top 10 holdings of ETFMG Sit Ultra Short ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Government Obli | 3.18% |
| Brighthse Fin Glbl Fund | 2.95% |
| Brown & Brown, Inc. | 2.73% |
| Triton Container | 2.61% |
| Nationwide Mutual Insura | 2.42% |
| General Mills, Inc. | 2.33% |
| Cno Global Funding | 2.22% |
| Truist Bank | 2.16% |
| Kinder Morgan, Inc. | 2.09% |
| First Horizon Corp. | 2.07% |
VALT Portfolio Allocation
Asset-class allocation of ETFMG Sit Ultra Short ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 95.4% |
| Cash & Equivalents | 3.2% |
VALT Performance
Total returns for VALT (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.1% |
| 3 years (annualised) | 1.0% |
VALT Risk Information
Risk metrics for VALT, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.7%
VALT Costs and Fees
VALT costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.30%
- Portfolio turnover: 70%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
VALT Cashflows
Over the 12 months to 2023-06, ETFMG Sit Ultra Short ETF had net inflows of $189.28M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $67.71M |
| 2023-05 | $21.71M |
| 2023-04 | $0 |
| 2023-03 | $0 |
| 2023-02 | $0 |
| 2023-01 | $0 |
VALT Debt Constituents
Largest debt holdings of ETFMG Sit Ultra Short ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Brighthse Fin Glbl Fund | 2.95% |
| Brown & Brown, Inc. | 2.73% |
| Triton Container | 2.61% |
| Nationwide Mutual Insura | 2.42% |
| General Mills, Inc. | 2.33% |
| Cno Global Funding | 2.22% |
| Truist Bank | 2.16% |
| Kinder Morgan, Inc. | 2.09% |
| First Horizon Corp. | 2.07% |
| Citigroup, Inc. | 1.99% |
VALT Prospectus and SEC Filings
Official ETFMG Sit Ultra Short ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-26
- Prospectus (485BPOS) — filed 2022-01-28
- Prospectus (485BPOS) — filed 2021-01-29
- Portfolio holdings (N-PORT) — filed 2023-08-25
- Portfolio holdings (N-PORT) — filed 2023-05-23
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Annual census (N-CEN) — filed 2022-12-15
- Annual census (N-CEN) — filed 2021-12-14
Related Funds
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.