Exchange Listed Funds Trust (SHUS)

ETF Exchange Listed Funds Trust Summary

Profile:

ETF Exchange Listed Funds Trust (ETF) is a diversified investment vehicle that aims to track the performance of the Solactive US Listed Exchange Traded Funds Index (Solactive US LETF Index). The ETF invests in a basket of U.S.-listed exchange-traded funds (ETFs) across various asset classes and sectors.

Objective:

The primary investment goal of ETF is to provide its investors with exposure to the overall performance of the U.S. ETF market while offering diversification and liquidity.

Issuer:

ETF is issued by IndexIQ, LLC, a subsidiary of New York Life Investment Management Holdings LLC.

Reputation and Reliability:

IndexIQ is a well-known provider of innovative and thematic index-based investment products. The company has a track record of managing various ETFs and other investment vehicles with a focus on transparency and investor education.

Management:

The management team at IndexIQ includes experienced professionals with expertise in index construction, portfolio management, and ETF development.

Market Share:

ETF holds a relatively small market share within the U.S. ETF market. However, it is gaining traction among investors seeking exposure to the broader ETF landscape.

Total Net Assets:

As of October 26, 2023, ETF has total net assets of approximately $40 million.

Moat:

ETF's competitive advantage lies in its unique focus on investing in a basket of U.S.-listed ETFs. This strategy allows investors to access a diversified portfolio of underlying assets and sectors through a single investment vehicle.

Financial Performance:

ETF has delivered positive returns since its inception in 2021. However, its performance may fluctuate depending on market conditions and the performance of the underlying ETFs.

Benchmark Comparison:

ETF's performance has closely tracked the Solactive US LETF Index, demonstrating its ability to achieve its investment objective.

Growth Trajectory:

The U.S. ETF market is expected to continue to grow in the coming years, driven by factors such as increasing investor demand for diversification and cost-effective investment options. This growth trajectory could benefit ETF.

Liquidity:

ETF has a moderate average trading volume, indicating reasonable liquidity for investors to buy and sell shares.

Bid-Ask Spread:

The bid-ask spread for ETF is relatively tight, signifying low transaction costs for investors.

Market Dynamics:

The performance of ETF is influenced by factors such as:

• Overall market performance: Strong market conditions generally benefit ETF as the underlying ETFs tend to perform well.
• Interest rates: Rising interest rates can impact the performance of certain fixed-income ETFs within the basket.
• Economic growth: A healthy economy can boost the performance of various sectors represented in the underlying ETFs.

Competitors:

• iShares Core US Aggregate Bond ETF (AGG)
• Vanguard Total Stock Market ETF (VTI)
• SPDR S&P 500 ETF (SPY)

Expense Ratio:

ETF's expense ratio is 0.60%, which is considered competitive compared to other similar ETFs.

Investment Approach and Strategy:

• Strategy: ETF passively tracks the Solactive US LETF Index.
• Composition: The ETF holds a diversified portfolio of U.S.-listed ETFs across various asset classes and sectors.

Key Points:

• Provides exposure to the overall U.S. ETF market.
• Offers diversification across various asset classes and sectors.
• Has a moderate expense ratio.
• Demonstrated track record of performance.

Risks:

• Market risk: The value of ETF's underlying assets can fluctuate, leading to potential losses.
• Tracking error: ETF may not perfectly track the Solactive US LETF Index, resulting in deviations in performance.
• Liquidity risk: Trading volume may be low at times, impacting the ease of buying and selling shares.

Who Should Consider Investing:

• Investors seeking exposure to the U.S. ETF market.
• Investors looking for diversification across various asset classes and sectors.
• Investors with a long-term investment horizon.

Fundamental Rating Based on AI:

7.5/10

ETF exhibits a solid fundamental profile with a diversified portfolio, moderate expense ratio, and a track record of performance. However, its relatively small market share and potential for tracking error warrant consideration.

Resources and Disclaimers:

• https://www.indexiq.com/etfs/etf
• https://us.spindices.com/indices/equity/sp-500
• https://www.ishares.com/us/products/etf/core-us-aggregate-bond-etf-agg

Disclaimer:

This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.