ALFA

AlphaClone Alternative Alpha ETF
D

59
*Unless otherwise stated, data provided by FactSet.

ALFA Fund Description

The AlphaClone Alternative Alpha ETF tracks an index that aims to deliver outperformance by mimicking hedge funds' positions in US equities. The index relies on lagged published holdings to determine long exposure.

ALFA Factset Analytics Insight

ALFA relies on publicly disclosed stock picks from hedge fund managers to select its stocks. It looks at the historical returns of various funds or institutional investors and draws its selection universe from the equities held by those funds that ALFA's proprietary methodology deems the best performing. The challenge with this approach is that fast-money hedge funds can change their positions on a dime, while ALFA looks at lagged, quarterly snapshots. The fund counters this problem with screens for sticky assets. With a small basket of securities and some major sector biases, ALFA provides some intensely concentrated exposure to a narrow set of companies. While underlying liquidity is strong thanks to the kind of names that make up ALFA's basket, retail investors face some sizeable spreads that make limit orders advisable. ALFA’s expense ratio is competitive considering the unique index it tracks. On the other hand, the fund has had some capital gains distributions, so overall holding costs may be steeper than advertised.Prior to December 27, 2017 the underlying index was AlphaClone Hedge Fund Downside Hedged Index.

ALFA MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 23, 2018 the AlphaClone Alternative Alpha ETF MSCI ESG Fund Quality Score is 4.03 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ALFA ranks in the 1st percentile within its peer group and in the 9th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

ALFA CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/21/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ALFA 2.41% 6.86% 19.59% 24.33% 6.23% 7.98% --
ALFA (NAV) 1.94% 6.51% 19.20% 23.91% 6.18% 7.97% --
MSCI USA IMI 2.09% 6.25% 11.23% 19.43% 16.20% 13.34% 11.29%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ALFA Top 10 Countries

ALFA Top 10 Sectors

ALFA Top 10 Holdings [View All]

ALFA Summary Data

AlphaClone
05/31/12
Open-Ended Fund
0.69%
$25.65M
$113.93K
0.18%

ALFA Portfolio Data

$107.27B
39.04
3.63
0.00%
N/A
83

ALFA Index Data

AlphaClone Hedge Fund Masters Index
Tiered
Proprietary
MSCI USA IMI

ALFA Portfolio Management

0.69%
-0.91%
0.01%
-1.81%

ALFA Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

ALFA Fund Structure

Open-Ended Fund
No
Yes
No Policy
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

ALFA Factset Analytics Block Liquidity

As of 09/24/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ALFA. ALFA is rated a 5 out of 5.

ALFA Tradability

2,453
$113.93K
1,446
$73.64K
0.18%
$0.09
-0.05%
1.87% / -1.55%
None
100.00%
50,000
0.03
0.01%
0.05%
131
$51.04
5

ALFA Sector/Industry Breakdown


ALFA
Segment Benchmark
31.37%
24.04%
18.09%
13.34%
15.38%
17.44%
11.82%
10.55%
8.54%
2.56%
6.85%
12.72%
4.36%
5.76%
2.62%
6.61%

ALFA TOP 10 HOLDINGS[View All]

2.55%
2.51%
25.2%

ALFA Countries


ALFA
Segment Benchmark
90.19%
99.93%
4.60%
--
2.33%
--
2.04%
--
1.76%
--
1.70%
0.07%

ALFA Regions


ALFA
Segment Benchmark
91.88%
100.00%
4.60%
--
3.81%
--
2.33%
--

ALFA Economic Development


ALFA
Segment Benchmark
95.69%
100.00%
6.93%
--

ALFA Performance Statistics

0.78
1.12
0.91
1.07
0.45%
MSCI USA IMI

ALFA MSCI ESG Ratings

4.03 / 10
0.63
8.62
2.36%
2.69%
158.18

ALFA BENCHMARK COMPARISON HOLDINGS

83
2409
32
12.63%

ALFA BENCHMARK COMPARISON SUMMARY


ALFA
Segment Benchmark
83
2409
$107.27B
$189.94B
39.04
25.18
3.63
3.23
0.52%
1.74%
--
--

ALFA BENCHMARK COMPARISON MARKET CAP SIZE


ALFA
Segment Benchmark
31.13%
80.79%
35.73%
14.74%
22.21%
4.17%
10.93%
0.29%