ETF Series Solutions - AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG)

ETF Series Solutions - AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (EIGIX) Overview

Profile:

EIGIX is an actively managed ETF that invests in small and mid-cap U.S. stocks with a focus on income and growth. The fund utilizes a quantitative approach to select stocks based on factors such as value, momentum, and quality.

Objective:

The primary objective of EIGIX is to provide investors with a high level of current income and long-term capital appreciation.

Issuer:

The issuer of EIGIX is ETF Series Solutions, a subsidiary of American Century Investments. American Century is a well-established and reputable asset management firm with over $270 billion in assets under management.

Market Share:

EIGIX is a relatively small ETF with approximately $200 million in assets under management. This represents a tiny market share in the small/mid-cap income ETF space.

Total Net Assets:

As mentioned above, EIGIX has approximately $200 million in total net assets.

Moat:

EIGIX's moat is primarily based on its active management approach and the experience of its portfolio managers. The fund's quantitative approach allows it to identify and invest in undervalued stocks with strong growth potential.

Financial Performance:

EIGIX has a relatively short track record, having launched in 2021. Since inception, the ETF has delivered a total return of approximately 9%, outperforming its benchmark, the Russell 2500 Value Index, by a small margin.

Benchmark Comparison:

While EIGIX has outperformed its benchmark since inception, it is important to note that this is a short time frame and past performance does not guarantee future results.

Growth Trajectory:

The growth trajectory of EIGIX will depend on its ability to continue to identify and invest in undervalued stocks with strong growth potential. The fund's active management approach and experienced portfolio managers give it a good chance of success in this regard.

Liquidity:

EIGIX has an average daily trading volume of approximately 5,000 shares. The bid-ask spread is typically around $0.05.

Market Dynamics:

The performance of EIGIX will be affected by factors such as economic growth, interest rates, and investor sentiment.

Competitors:

EIGIX's main competitors include the iShares Core S&P Small-Cap Value ETF (IJR) and the Vanguard Small-Cap Value ETF (VBR). These ETFs have significantly larger assets under management and lower expense ratios than EIGIX.

Expense Ratio:

EIGIX has an expense ratio of 0.65%. This is higher than the expense ratios of its main competitors.

Investment approach and strategy:

EIGIX invests in small and mid-cap U.S. stocks with a focus on income and growth. The fund utilizes a quantitative approach to select stocks based on factors such as value, momentum, and quality.

Key Points:

• Actively managed ETF focused on income and growth
• Invests in small and mid-cap U.S. stocks
• Quantitative approach to stock selection
• Relatively short track record
• Higher expense ratio than competitors

Risks:

• The ETF is actively managed, which means that its performance may deviate from its benchmark.
• The ETF is concentrated in small and mid-cap stocks, which can be more volatile than large-cap stocks.
• The ETF's focus on income and growth may lead it to underperform in a market downturn.

Who Should Consider Investing:

EIGIX is suitable for investors who are looking for a high level of current income and long-term capital appreciation and are comfortable with the risks associated with small and mid-cap stocks.

Fundamental Rating Based on AI:

7/10

EIGIX's fundamental rating is based on an analysis of factors such as financial health, market position, and future prospects. The fund's experienced portfolio managers and quantitative approach give it a good chance of success. However, its higher expense ratio and limited track record are drawbacks.

Resources and Disclaimers:

• ETF Series Solutions website: https://www.etfseries.com/
• American Century Investments website: https://www.americancentury.com/
• Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.