ALFAAlphaClone Alternative Alpha ETF
ALFA Fund Description
ALFA 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. While the fund equally weights holdings up to a cap of 5%, the result is a small basket of securities with potentially some major sector biases. Overall, ALFA provides some intensely concentrated exposure to a narrow set of companies. Prior to December 27, 2017 the underlying index was AlphaClone Hedge Fund Downside Hedged Index.
ALFA Summary Data
ALFA Portfolio Data
ALFA Index Data
ALFA Portfolio Management
ALFA Tax Exposures
ALFA Fund Structure
ALFA Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
ALFA Top 10 Holdings[View All]
ALFA Economic Development
ALFA Performance Statistics
ALFA Benchmark Comparison Summary
ALFA Benchmark Comparison Market Cap Size