ALFA

AlphaClone Alternative Alpha ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 06/30/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ALFA -12.98% -25.15% -32.53% -37.78% 0.27% 5.99% 7.61%
ALFA (NAV) -13.26% -25.33% -32.61% -37.84% 0.18% 5.90% 7.57%
MSCI USA IMI -8.36% -16.75% -21.15% -13.74% 9.94% 10.74% 12.66%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ALFA Summary Data

AlphaClone
05/31/12
Open-Ended Fund
0.65%
$21.22M
$305.68K
0.24%

ALFA Portfolio Data

$63.35B
25.58
3.11
0.47%
N/A
47

ALFA Index Data

AlphaClone Hedge Fund Masters Index
Tiered
Proprietary
MSCI USA IMI

ALFA Portfolio Management

0.65%
--
--
--

ALFA Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

ALFA Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
High
Daily

ALFA Factset Analytics Block Liquidity

As of 07/01/22
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

5,344
$305.68K
3,246
$181.12K
0.24%
$0.13
-0.01%
0.33% / -2.62%
None
98.00%
25,000
0.13
0.01%
0.06%
0
$52.55
5

ALFA Sector/Industry Breakdown


ALFA
Segment Benchmark
14.74%
--
10.99%
--
10.27%
--
8.47%
--
8.23%
--
7.42%
--
6.75%
--
6.45%
--
6.42%
--
4.62%
--

ALFA Top 10 Holdings[View All]

2.36%
24.08%

ALFA Countries


ALFA
Segment Benchmark
93.97%
99.92%
2.23%
--
2.11%
0.08%
1.69%
--

ALFA Regions


ALFA
Segment Benchmark
96.08%
100.00%
2.23%
--
1.69%
--

ALFA Economic Development


ALFA
Segment Benchmark
100.00%
100.00%

ALFA Performance Statistics

0.79
1.39
1.47
1.35
1.13%
MSCI USA IMI

ALFA Benchmark Comparison Holdings

47
2541
38
5.92%

ALFA Benchmark Comparison Summary


ALFA
Segment Benchmark
47
2541
$63.35B
$473.33B
25.58
22.41
3.11
3.87
0.78%
1.42%
Medium
Low

ALFA Benchmark Comparison Market Cap Size


ALFA
Segment Benchmark
51.59%
87.51%
32.57%
9.67%
15.84%
2.60%
0.00%
0.22%