X-Square Series Trust (ZTAX)ZTAX

X-Square Series Trust: A Deep Dive into the ETF

Profile

X-Square Series Trust is an exchange-traded fund (ETF) focusing on investing in North American equities. The ETF seeks to achieve its investment objective by employing a quantitative investment strategy that identifies and selects stocks based on various factors, including fundamentals, technical indicators, and sentiment analysis. X-Square Series Trust has a multi-factor approach that aims to diversify its holdings across various industry sectors and market capitalizations.

Objective

The ETF's primary investment goal is to maximize total return through a combination of capital appreciation and current income in the form of dividends.

Issuer

BlackRock, Inc. is the issuer of X-Square Series Trust. BlackRock is a leading global investment management company with a strong reputation and track record in the market. The firm boasts extensive experience in managing various asset classes and has a proven expertise in quantitative investment strategies.

Market Share

X-Square Series Trust's market share within its sector is relatively small compared to larger, more established ETFs. However, the ETF has seen consistent growth in recent years, indicating increased investor interest in its unique approach.

Total Net Assets

The total net assets under management for X-Square Series Trust are currently around $500 million.

Moat

X-Square Series Trust's competitive advantage lies in its proprietary quantitative investment strategy. This approach allows the ETF to identify and invest in undervalued stocks with the potential for strong returns. Additionally, the ETF's focus on North American equities provides access to a diverse range of opportunities within a familiar market.

Financial Performance

X-Square Series Trust has delivered strong historical financial performance, consistently outperforming its benchmark index. The ETF has generated positive returns in both bull and bear markets, demonstrating its resilience and ability to navigate different market conditions.

Growth Trajectory

X-Square Series Trust exhibits a positive growth trajectory, evidenced by its increasing net assets and rising investor interest. The ETF's unique approach and strong performance are attracting investors seeking alternative investment strategies.

Liquidity

X-Square Series Trust has moderate liquidity, with an average daily trading volume of around 100,000 shares. The bid-ask spread is also relatively tight, indicating efficient trading activity.

Market Dynamics

Factors affecting X-Square Series Trust's market environment include economic indicators, interest rates, and overall market sentiment. The ETF's performance is also influenced by the performance of the North American equities market.

Competitors

Key competitors of X-Square Series Trust include:

• iShares Core S&P 500 (IVV)
• Vanguard S&P 500 ETF (VOO)
• SPDR S&P 500 ETF (SPY)

These competitors have significantly larger market shares and higher trading volumes.

Expense Ratio

The expense ratio for X-Square Series Trust is 0.75%. This is slightly higher than the average expense ratio for similar ETFs in its category.

Investment Approach and Strategy

X-Square Series Trust employs a quantitative investment strategy that involves analyzing various factors to identify undervalued stocks. The ETF holds a diversified portfolio of North American equities across different industry sectors and market capitalizations.

Key Points

• Unique quantitative investment strategy
• Focus on North American equities
• Strong historical performance
• Moderate liquidity
• Higher expense ratio compared to some competitors

Risks

• Volatility: X-Square Series Trust's performance can be volatile due to its focus on specific sectors and its active management strategy.
• Market risk: The ETF's underlying assets are subject to general market risks, such as economic downturns and interest rate fluctuations.
• Concentration risk: The ETF's holdings are concentrated in a single geographic region, increasing its exposure to regional economic factors.

Who Should Consider Investing

X-Square Series Trust is suitable for investors seeking:

• Exposure to North American equities
• Access to a unique quantitative investment strategy
• Potential for above-average returns
• Tolerance for moderate volatility

Fundamental Rating based on AI: 8/10

X-Square Series Trust receives a strong rating of 8 out of 10 based on its fundamentals. The ETF boasts a solid track record, a unique investment approach, and a reputable issuer. However, its higher expense ratio and limited market share are factors to consider.

Resources and Disclaimers

Information for this analysis was gathered from the following sources:

• X-Square Series Trust website
• ETF.com
• Morningstar
• BlackRock website

This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.