Again actively managed, but only costing 0.59% which is very “low-end” in terms of pricing in the actively managed ETF space, SYLD “employs the manager’s quantitative algorithm to select U.S. listed companies that show strong characteristics in returning free cash flow to their shareholders.
Specifically, SYLD invests in 100 stocks with market caps greater than $200 million that rank among the highest in a) paying cash dividends, b) engaging in net share repurchases, and c) paying down debt on their balance sheets.
Debuting in May of this year, the fund is clearly still very young, and unlike GTAA investing in individual stock names as opposed to asset class specific ETFs. Top holdings are currently USNA (1.27%), BSX (1.20%), GCI (1.19%), MDP (1.18%), and QUAD (1.16%). In a clearly limited amount of live trading history, SYLD has already raised an impressive $118 million in assets under management while averaging a healthy 75,000 shares traded on an average daily basis.
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].
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