Morningstar

Defiance S&P 500 Target Income ETF SPYT

Morningstar Medalist Rating
Medalist Rating as of | See Defiance Investment Hub

Morningstar’s Analysis SPYT

Will SPYT outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SPYT’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SPYT management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SPYT’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Defiance S&P 500 Target Income ETF's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SPYT

More SPYT Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 99.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

iShares Core S&P 500 ETF

99.97 53.9 Mil
—

First American Government Obligs X

0.23 124,703
Cash and Equivalents

Cash Offset

0.10 55,830
—

Call On S&P 500 Sep24

0.07 40,273
—

Call On S&P 500 Sep24

−0.18 −96,103
—

DEPOSITS WITH BROKER FOR SHORT POSITIONS

−0.20 −109,210
Cash and Equivalents

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