SGI Enhanced Core ETF (USDX) Holdings & Expense Ratio

For informational purposes only. Not financial advice.

Quick Answer

SGI Enhanced Core ETF (USDX) has a last stored price of $25.65, as of the Oct 26, 2026 trading session. It has a 1.05% expense ratio and $365M in assets under management.

Holdings and weights below are as of Mar 15, 2026. In the stored portfolio snapshot, the largest listed holding is Vanguard Treasury Money Market Investor (VUSXX) at 43.86%, and the largest sector allocation is Financial Services at 80.1%.

SGI Enhanced Core ETF (USDX) ETF — Price, Holdings & Analysis

ETF Overview

The SGI Enhanced Core ETF (USDX) seeks to outperform underlying indices and provide higher dividend yields by investing in a diversified portfolio of higher-yielding, high-quality short-term money market instruments and ultra-short-term options strategies. The fund prioritizes reduced volatility through disciplined value investment. USDX's strategy involves holding a mix of money market funds, with significant allocations to Vanguard Treasury Money Market Investor (VUSXX) at 43.86% and Vanguard Federal Money Market Investor (VMFXX) at 43.56%. Other notable holdings include North Capital Treasury Mkt Instl (NCGXX) at 7.63%, PIMCO Government Money Market M (PGFXX) at 2.59%, and Fidelity Government Cash Reserves (FDRXX) at 2.56%. The ETF's sector allocation is heavily weighted towards Financial Services at 80.1%, with the remaining 19.9% in Cash & Others. Country exposure is primarily in the United States (44.7%), with a substantial portion (55.3%) allocated to other regions.

Risk Metrics

USDX presents several risk considerations for investors. The fund's concentration in Financial Services (80.1%) exposes it to sector-specific risks, meaning that any downturn in the financial industry could significantly impact its performance. Furthermore, the ETF's top holdings are heavily concentrated in a few money market funds; Vanguard Treasury Money Market Investor (VUSXX) and Vanguard Federal Money Market Investor (VMFXX) account for approximately 87% of the portfolio. This concentration increases the fund's sensitivity to the performance of these specific funds. With a beta of 0.00, USDX exhibits very low volatility relative to the broader market. However, the high expense ratio of 1.05% can create a significant drag on returns, especially in a low-yield environment. Past performance does not guarantee future results.

Beta: 0.00

Expense Ratio

1.05%

What does USDX hold?

Holding	Weight
Vanguard Treasury Money Market Investor (VUSXX)	43.86%
Vanguard Federal Money Market Investor (VMFXX)	43.56%
North Capital Treasury Money Mkt Instl (NCGXX)	7.63%
PIMCO Government Money Market M (PGFXX)	2.59%
Fidelity Government Cash Reserves (FDRXX)	2.56%
First American Government Obligs X (FGXXX)	0.60%
T. Rowe Price US Treasury Money (PRTXX)	0.01%

Holdings and weights as of Mar 15, 2026. This fund data is more than 45 days old; verify current holdings with the issuer.

How Is the Fund Allocated?

Sector	Weight
Financial Services	80.1%
Cash & Others	19.9%

Country	Weight
United States	44.7%
Other	55.3%

Dividend Yield

0.00%

iShares Morningstar Small-Cap Growth ETF (JKK) — 0.06% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
WisdomTree Emerging Markets ESG Fund (DVEM) — 0.32% expense ratio
Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) — 0.59% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio

SGI Enhanced Nasdaq 100 ETF (QXQ) (Equity) — 0.98% expense ratio
SGI Enhanced Market Leaders ETF (LDRX) (Equity) — 0.50% expense ratio
SGI Dynamic Tactical ETF (DYTA) (Equity) — 1.04% expense ratio

Questions & Answers

What is USDX and what does it track?

USDX, or the SGI Enhanced Core ETF, is an equity ETF managed by Summit Global Investments.

Launched in February 2024, USDX aims to generate current income and enhanced yield by investing in a diversified portfolio of higher-yielding, high-quality short-term money market instruments and ultra-short-term options strategies.

What is the expense ratio for USDX?

The SGI Enhanced Core ETF (USDX) has an expense ratio of 1.05%. This means that for every $10,000 invested, $105 is used to cover the fund's operating expenses annually.

While this provides access to the fund's investment strategy, the 1.05% expense ratio is relatively high compared to other equity ETFs, where the category average is approximately 0.44%.

What are the top holdings in USDX?

The SGI Enhanced Core ETF (USDX) has a concentrated portfolio of money market funds.

As of 2026-03-15, the top three holdings are Vanguard Treasury Money Market Investor (VUSXX) at 43.86%, Vanguard Federal Money Market Investor (VMFXX) at 43.56%, and North Capital Treasury Mkt Instl (NCGXX) at 7.63%. These three holdings alone account for over 94% of the ETF's total assets.

Is USDX a good long-term investment?

Evaluating USDX as a long-term investment requires careful consideration of its strategy and associated costs. The ETF's focus on short-term money market instruments and ultra-short-term options strategies aims to provide current income and enhanced yield.

However, the high expense ratio of 1.05% can significantly impact long-term returns, especially in a low-yield environment.

How does USDX compare to similar ETFs?

USDX differentiates itself with its strategy of combining short-term money market instruments and ultra-short-term options strategies. However, its expense ratio of 1.05% is significantly higher than many competing ETFs in the equity and money market space.

While USDX seeks to enhance yield, its current dividend yield is 0.00%.

Does USDX pay dividends?

According to the latest data, the SGI Enhanced Core ETF (USDX) has a dividend yield of 0.00%. While the fund's investment strategy aims to generate current income and enhanced yield, it is not currently distributing dividends.

Investors seeking dividend income may want to consider other ETFs with a proven track record of dividend payments.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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