ETF Evaluator:
MIG Core ETF ()
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(as of Aug 25)
Best Performing in Large Blend Over the Last Year
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| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
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Risk
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ETF Details
MIG Core ETF Overview
MIG Core ETF (MIGO) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). Mig Capital ETF launched the ETF in 2026.
The investment seeks long-term capital appreciation.
The fund seeks to achieve its investment objective by investing in equity securities (e.g. common and preferred stock) and/or unaffiliated ETFs. It will generally invest in equity securities of U.S. large capitalization companies or other investments with similar economic characteristics. It is non-diversified.
About MIG Core ETF (MIGO)
There are 5 members of the management team with an average tenure of 0.44 years: Andrew Serowik (2026), Gabriel Tan (2026), Todd Alberico (2026), Brian Cooper (2026) and Richard Merage (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
MIG Core ETF has 50 securities in its portfolio. The top 10 holdings constitute 50.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
MIG Core ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. MIG Core ETF has 5.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.0% There is 5.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). MIG Core ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $742 million in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MIGO Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The MIG Core ETF expense ratio is average compared to funds in the Large Blend category. MIG Core ETF has an expense ratio of 0.45%, which is 9% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. MIG Core ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, MIG Core ETF returned -6.0%, which earned it a grade of F, as the Large Blend category had an average return of -0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
MIG Core ETF has a trailing yield of 0.00%, which is below the 1.16% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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MIGO Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MIGO Return (NAV) | -6.0% | 7.6% | na | na | na | na |
| MIGO Return (Price) | 1.4% | 7.7% | na | na | na | na |
| NAV +/- Price Return | -7.374% | -0.148% | na | na | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| MIGO Grade (NAV) | F | A | na | na | na | na |
| +/- Category (NAV) | -5.2% | 3.8% | na | na | na | na |
| MIGO Tax-Cost Ratio | na | na | na | na | na | na |
MIGO Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MIGO Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| MIGO Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| MIGO Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 742 Mil |
| Share Class Assets: | $ 742 Mil |
| Turnover: | na |
| Expense Ratio: | 0.45% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 0.4 years | |||
| Average Tenure: 0.4 years | |||
| Managers (Year): Serowik Andrew (2026), Tan Gabriel (2026), Alberico Todd (2026), Cooper Brian (2026), Merage Richard (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 50 |
| % in Top 10 Holdings: | 50.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.8% |
Portfolio Allocation |
|
| Domestic Stock: | 94.0% |
| Foreign Stock: | 5.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Mig Capital ETF |
| Phone Number: | 844-485-5383 |
| Website: | www.exchangetradedconcepts.com |
| Inception Date: | February 20, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.45% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.41% |
