Awards

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Celebrating ETF Achievements

The etf.com Awards were held on May 2, 2023 at Tribeca Rooftop in NYC. This industry-leading event honored the most influential, innovative and impactful players in the ETF ecosystem. Individuals, brands, and ETFs were celebrated for all their achievements from 2022.

ETF

Winners

1LifetimeAchievement

Lifetime Achievement Award

Joanne M. Hill, Ph.D.

Joanne M. Hill, Ph.D., is the winner of the etf.com Lifetime Achievement Awards for 2023. Currently the chief advisor for research and strategy at Cboe Vest and a board governor for the CFA Institute, Hill has been involved in the financial sector for more than 40 years. She has held previous roles at Brown Brothers Harriman, Goldman Sachs and ProShares.

 

Hill also is currently an adjunct professor with the College of Charleston School of Business and was previously an associate professor at the University of Massachusetts. In addition to her roles with ETF issuers and service providers, she has made a major impact on the industry as one of the founders behind Women in ETFs, an industry group that supports women working in the field of ETFs, as well as being a former co-president of the group.

 

There are few participants in the industry that have Hill’s level of knowledge and experience, and she has been instrumental in the growth and expansion of the ETF industry.

1LifetimeAchievement
2ETFoftheYear

ETF of the Year

JPMorgan Equity Premium Income ETF (JEPI)

The ETF of the Year award goes to the ETF that has done the most to improve investor opportunities and outcomes in 2022 either by providing unique or unprecedented exposures or by lowering costs. The actively managed JPMorgan Equity Premium Income ETF (JEPI) launched in 2020 and has since accumulate $24.3 billion in assets under management.

 

Its strategy leverages JPMorgan’s strong fundamental research capabilities to select a portfolio of defensive U.S. stocks, which it combines with an overlay involving out-of-the-money S&P 500 options. The fund was ideal for the rocky markets of 2022, and that year it returned -3.5% versus a decline in the broad U.S. market of nearly 20%. JEPI also pulled in $12.8 billion during the same time period. The fund comes with a net expense ratio of just 0.35%, making it one of the lower-cost actively managed ETFs.

 

It may not have produced positive returns in 2022, but most funds didn’t. What JEPI offered last year was limited downside plus the benefits of the income generated by its options strategy. Certainly, fixed income didn’t offer much in the way of yield, with interest rates still fairly low. However, JEPI offered its investors a yield of 11.8% last year.

 

The ETF of the Year award goes to the ETF that has done the most to improve investor opportunities and outcomes in 2022 either by providing unique or unprecedented exposures or by lowering costs. The actively managed JPMorgan Equity Premium Income ETF (JEPI) launched in 2020 and has since accumulate $24.3 billion in assets under management.

2ETFoftheYear
3BestNewETF

Best New ETF

US Treasury 3 Month Bill ETF (TBIL)

The Best New ETF award goes to the US Treasury 3 Month Bill ETF (TBIL), a first-of-its-kind product from F/m Investments. The fund launched last August and is now a $714 million fund—not bad for a product from a new issuer.   

F/m entered the ETF market with a unique premise for its U.S. Benchmark Series. The issuer’s products all track indexes from the ICE and Bank of America that represent the on-the-run bond, bill or note for each tenor of Treasury securities, rolling into the newest securities as they become available. By investing in the on-the-run security for a particular tenor, the investor is exposed to the price most similar to what is quoted in the media.  

The strategy offers exposure to Treasury interest rates without requiring management on the part of the investors, whether they are institutional or retail. Alex Morris, chief investment officer of F/m, describes the F/m funds as a way to achieve “very surgical (and) precise” positioning on the yield curve.  

TBIL is the shortest-term product in the lineup and rapidly grew to become the largest fund in the family, probably because many investors were looking to keep their duration short in the face of rising interest rates.

3BestNewETF
4BestNewUSEquityETF

Best New U.S. Equity ETF

Capital Group Growth ETF (CGGR)

The award for Best New U.S. Equity ETF goes to the Capital Group Growth ETF (CGGR). The actively managed fund primarily targets large cap U.S. growth stocks and was among the first six ETFs that rolled out from Capital Group when it entered the ETF market in February 2022.   

CGGR currently has $1.9 billion in assets under management with broad institutional ownership. It’s one of the largest actively managed U.S. growth ETFs, and with an expense ratio of just 0.39%.   

The fund offers investors lower-cost exposure to a U.S. growth strategy in an ETF wrapper from one of the world’s most respected active managers. Prior to Capital Group’s entry into the ETF space, its strategies were mainly available in mutual fund wrappers. Like the rest of the issuer’s ETFs, CGGR is not a clone of an existing strategy but a unique product. And with six managers listed on its fund page, it reflects Capital Group’s policy of using multiple managers for its funds, with each manager responsible for a different segment of the fund’s portfolio.

4BestNewUSEquityETF
5BestNewInternationalGlobalEquityETF

Best New International/Global Equity ETF

BNY Mellon Global Infrastructure Income ETF (BKGI)

The Best New International Global/Equity ETF award goes to the BNY Mellon Global Infrastructure Income ETF (BKGI). With global markets in perilous waters in 2022 and supply chains still suffering from the effects of the pandemic, investing in the companies that keep things running seemed a fairly safe bet to many. Although the category didn’t generate positive returns in 2022, infrastructure funds still saw far better returns than the broader equity markets last year.

On the BNY Mellon fund page for BKGI, the investment argument for the fund notes that infrastructure assets have “inflation links,” which means they can adjust their prices based on an inflation indicator such as the producer price index or consumer price index.

But BKGI has another feature that made it stand out from the crowd in 2022. At a time when investors were very concerned about income, the ETF launched with the goal of providing a 12-month yield of 6% or more. It’s also actively managed, something that can appeal to investors when markets are tumultuous, as it means a fund’s managers can pull assets out of companies that are no longer appealing in order to invest them in companies that seem like better prospects.

5BestNewInternationalGlobalEquityETF
6BestNewU.S.FixedIncomeETF

Best New U.S. Fixed Income ETF

Schwab Municipal Bond ETF (SCMB)

The award for Best New U.S. Fixed Income ETF goes to the Schwab Municipal Bond ETF (SCMB). Charles Schwab has a long history in the ETF space of offering broad coverage at rock-bottom prices, and this fund is no different. SCMB has an expense ratio of 0.03%, which is the cheapest in the entire muni ETF category, undercutting even Vanguard’s funds in the space.  

The ETF tracks a very similar index to that tracked by the $31.9 billion iShares National Muni Bond ETF (MUB), the largest muni bond ETF currently trading, but it costs 4 basis points less. SCMB, like MUB, offers broad exposure to the national municipal bond market, an area that was on fire last year regarding flows, as investors sought refuge amid market volatility, with muni bond ETFs pulling in roughly $28 billion during most of 2022. It also is the eighth bond fund to be added to Schwab’s ETF family and fills in one of the last remaining gaps in the issuer’s lineup.  

With the fund’s lowest-in-class expense ratio and the power of the Schwab brand backing it, it’s hard to see investors going wrong with SCMB.

6BestNewU.S.FixedIncomeETF
7ETFIssuer
oftheYear

ETF Issuer of the Year

Dimensional Fund Advisors

Dimensional Fund Advisors has claimed the prize for ETF Issuer of the Year. The firm entered the ETF market in 2020, and has since created a lineup of 30 actively managed ETFs, with more than $84 billion in combined assets under management.   

Founded in 1981 by David Booth, Rex Sinquefield and Larry Klotz, who all studied under Eugene Fama and Kenneth French, it has a reputation for investing in broad swaths of the market while tilting the exposures of its strategies toward the value, profitability and size factors, something it has continued with the ETFs it markets.   

Essentially, Dimensional’s ETF lineup consists of actively managed broad-market funds that look to highlight factors that have been proven via extensive academic research to outperform the overall market over time. It provides these ETFs at rock-bottom prices that range from 9 to 43 basis points.   

In 2022 alone, Dimensional launched 17 funds, creating even more ways for investors to access its factor-based strategy. The number of new ETFs it debuted last year is on par with veteran names such as iShares and Direxion.

7ETFIssuer
oftheYear
8NewETF
IssueroftheYear

New ETF Issuer of the Year

BondBloxx Investment Management

The New ETF Issuer of the Year award is: BondBloxx Investment Management. The firm, founded by a consortium of mostly ETF industry veterans last year, debuted in the first quarter of 2022 with the launch of seven sector junk bond ETFs.

The issuer exclusively focuses on providing targeted exposure to different slices of the fixed income space. In 2022, the issuer launched 19 funds, more than any other issuer, surpassing even iShares and Direxion. In addition to different slices of the high-yield bond space, the list of ETFs it rolled out last year includes a range of target duration U.S. Treasury funds and an emerging market bond fund.

The firm has said it intends to gear its funds toward institutional investors looking to gain fixed income exposure without the potential liquidity issues, although as ETFs, they can be accessed by all types of investors, including retail investors looking for institutional-type access.

In mid-April, the issuer had assets under management of $1.8 billion. Its largest ETF is the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) , with $482.2 million in assets.

8NewETF
IssueroftheYear
9BestNewInternationalGlobalFixedIncomeETF

Best New International/Global Fixed Income ETF

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD)

It’s not shocking that the New Issuer of the Year should also be the issuer of the winner of the Best New International/Global Fixed Income ETF. The BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) launched midway through 2022 and has gathered just over $180 million in assets so far.

There’s no shortage of emerging market bond ETFs, but this is the first to specifically target bonds with short- and intermediate-term maturities. XEMD tracks the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index. Its portfolio holds 355 securities from 54 different countries.

Not only does it offer unique coverage for investors looking for shorter duration than most emerging market bond funds, with an expense ratio of 0.29% it also has a fairly low price relative to other funds in the emerging markets fixed income category. And it offers a 30-day SEC yield of 7.33%, a significant amount at a time when investors are still finding income elusive.

9BestNewInternationalGlobalFixedIncomeETF
10BestNewActiveETF

Best New Active ETF

Dimensional US Small Cap Value ETF (DFSV)

The Dimensional US Small Cap Value ETF (DFSV) has claimed the award for the Best New Active ETF. The fund launched in February 2022 and captures two of the pillars of Dimensional’s core strategy, which targets smaller cap stocks demonstrating strong value characteristics as well as strong profitability. DFSV is benchmarked to the Russell 2000 Value Index.     

If you compare it to one of the largest funds in the space, the passively managed $23.6 billion Vanguard Small-Cap Value ETF (VBR), there’s quite a bit of differentiation. DFSV has a broader portfolio of roughly 980 securities and absolutely no overlap with those of VBR in its top 10 holdings. It’s also outperforming its rival by several basis points year to date.     

With an expense ratio of 0.31%, the fund has nearly $1.4 billion in assets under management. That’s a fairly low cost for an actively managed fund, and even has a lower expense ratio than the passively managed Invesco S&P SmallCap 600 Pure Value ETF (RZV), which charges 0.35%,   

Unsurprisingly for a Dimensional product, the fund has broad institutional ownership among its largest shareholders, including the Alaska Permanent Fund, according to WhaleWisdom.com.

10BestNewActiveETF
11BestNew
ESGETF

Best New ESG ETF

iShares Paris-Aligned Climate MSCI USA ETF (PABU)

The Best New ESG ETF award winner was also one of the biggest launches in 2022. The iShares Paris-Aligned Climate MSCI USA ETF (PABU) tracks an index of companies seen as well-positioned to participate in the transition to a lower-carbon economy and aligning with the goals of the Paris Agreement on climate change.    

Not only does the MSCI USA Climate Paris Aligned Benchmark Extended Select Index screen out U.S. companies traditionally eschewed by ESG strategies, such as those involved in alcohol, weapons, fossil fuels or major controversies, it homes in on companies within its universe that have lower greenhouse gas intensity. In fact, a document from iShares notes that the companies in its portfolio have the goal of reducing their greenhouse gas intensity by half, year over year, while its broader selection universe has an average goal of a 10% reduction.    

PABU recently crossed $1 billion in assets under management, despite the backlash against ESG strategies that began last year. However, the increasing severity of weather events has likely been instrumental in keeping assets flowing into the fund.    

And with an expense ratio of just 0.10%, investors are getting low-cost exposure to what many consider the most important element of ESG investing.

11BestNew
ESGETF
12BestNew
SmartBetaorFactorETF

Best New Smart Beta or Factor ETF

Invesco NASDAQ Future Gen 200 ETF (QQQS)

The winner of the Best New Smart Beta or Factor ETF is the Invesco NASDAQ Future Gen 200 ETF (QQQS). The fund offers exposure to 200 Nasdaq-listed stocks ranking below the ones included in the 100-stock Nasdaq-100 Index and Nasdaq Next Generation Index in size but falling within the components of the Nasdaq Composite Index. Companies are screened to include those with the most valuable patent portfolios relative to their size, and are equal-weighted within QQQS’ index. It provides exposure to the small cap segment of the market.   

In focusing on the value of a company’s intellectual property, the ETF’s methodology has the potential to avoid some of the risks associated with investing in the small cap segment. These are companies that have already accomplished something by filing for patents and are likely still in the early stages of monetizing those patents. This implies a certain amount of growth potential, which is generally what investors are looking for with small cap companies.    

Investors can access this innovation-tilted ETF at an expense ratio of 0.20%.

12BestNew
SmartBetaorFactorETF
13BestThematicETFoftheYear

Best Thematic ETF of the Year

Engine No. 1 Transform Climate ETF (NETZ)

The Best Thematic ETF of the Year award goes to the Engine No. 1 Transform Climate ETF (NETZ). The fund is actively managed and invests in U.S. companies that are both driving and benefiting from the transition to a lower carbon economy, though its primary focus is on companies in carbon-intensive industries that are ahead of their peers. The fund has the most exposure to industries such as transportation, energy and agriculture.    

The premise behind NETZ is that because only 200 companies account for more than 80% of greenhouse gases produced by corporations, net zero can’t be achieved without their support or participation. So it takes the somewhat contrarian approach of investing in companies that, though they may have been or are among the worst offenders, are making strides toward the goal of net zero.    

With a high-conviction portfolio of just 26 holdings as of mid-April, NETZ has nearly $110 million in assets under management, a little more than a year after its February 2022 launch. The portfolio includes such names as Airbus SE, Deere and Co. and Exxon Mobil Corp.   

13BestThematicETFoftheYear
14IndexProvideroftheYear

Index Provider of the Year

S&P Dow Jones Indices

S&P Dow Jones Indices claims the award for Index Provider of the Year. The firm’s benchmarks underlie more than 380 ETFs, or 12% of all U.S.-listed ETFs, more than any other index provider. A total of $2.3 trillion in assets, essentially one-third of all U.S.-listed ETF assets, is invested in those ETFs, the largest of which is the $379.7 billion SPDR S&P 500 ETF (SPY).    

The index provider offers a full range of plain vanilla, cap-weighted indexes, including two of the best-known indexes in the world, the Dow Jones Industrial Average and the S&P 500 Index. However, in more recent years, S&P DJI has become known for its factor indexes, on which it issues regular reports.   

It also offers extensive research via its website, including blogs, research reports and videos. In particular, its S&P Indices Vs. Active report, which has been published for 20 years, has been instrumental in supporting the argument for index-based investing rather than active management. Over the years, it has expanded from a U.S.-focused report covering 12 fund categories to encompass nine geographies and more than 100 fund categories.

14IndexProvideroftheYear
15NewETFTickerofTheYear

New ETF Ticker of the Year

Roundhill Cannabis ETF (WEED)

The award for the New ETF Ticker of the Year goes to the Roundhill Cannabis ETF (WEED). Irreverent and perhaps a bit too on-the-nose, it can evoke a giggle from anyone viewing it on their page or screen. And certainly, in just four letters it lets the investor know exactly what they’re allocating their money to.    

Given that WEED was one of the last marijuana ETFs to hit the market, it entered a crowded space, but the argument could be made that its managers, since it is actively managed, have seen where the pitfalls are in investing in cannabis via the older and more established ETFs covering the industry.    

At a year old, WEED still has only about $1.5 million in assets under management, but there are myriad reasons for that. In 2022, marijuana ETFs were among the worst performers. This was largely because long-anticipated regulatory reform never materialized during the year, and still hasn’t in 2023. Despite being legalized to one extent or another in more than 20 states, reform at the federal level seems like it could be necessary for the industry to truly thrive.

15NewETFTickerofTheYear
1LifetimeAchievement

Lifetime Achievement Award

Joanne M. Hill, Ph.D.

Joanne M. Hill, Ph.D., is the winner of the etf.com Lifetime Achievement Awards for 2023. Currently the chief advisor for research and strategy at Cboe Vest and a board governor for the CFA Institute, Hill has been involved in the financial sector for more than 40 years. She has held previous roles at Brown Brothers Harriman, Goldman Sachs and ProShares.

 

Hill also is currently an adjunct professor with the College of Charleston School of Business and was previously an associate professor at the University of Massachusetts. In addition to her roles with ETF issuers and service providers, she has made a major impact on the industry as one of the founders behind Women in ETFs, an industry group that supports women working in the field of ETFs, as well as being a former co-president of the group.

 

There are few participants in the industry that have Hill’s level of knowledge and experience, and she has been instrumental in the growth and expansion of the ETF industry.

1LifetimeAchievement
2ETFoftheYear

ETF of the Year

JPMorgan Equity Premium Income ETF (JEPI)

The ETF of the Year award goes to the ETF that has done the most to improve investor opportunities and outcomes in 2022 either by providing unique or unprecedented exposures or by lowering costs. The actively managed JPMorgan Equity Premium Income ETF (JEPI) launched in 2020 and has since accumulate $24.3 billion in assets under management.

 

Its strategy leverages JPMorgan’s strong fundamental research capabilities to select a portfolio of defensive U.S. stocks, which it combines with an overlay involving out-of-the-money S&P 500 options. The fund was ideal for the rocky markets of 2022, and that year it returned -3.5% versus a decline in the broad U.S. market of nearly 20%. JEPI also pulled in $12.8 billion during the same time period. The fund comes with a net expense ratio of just 0.35%, making it one of the lower-cost actively managed ETFs.

 

It may not have produced positive returns in 2022, but most funds didn’t. What JEPI offered last year was limited downside plus the benefits of the income generated by its options strategy. Certainly, fixed income didn’t offer much in the way of yield, with interest rates still fairly low. However, JEPI offered its investors a yield of 11.8% last year.

 

The ETF of the Year award goes to the ETF that has done the most to improve investor opportunities and outcomes in 2022 either by providing unique or unprecedented exposures or by lowering costs. The actively managed JPMorgan Equity Premium Income ETF (JEPI) launched in 2020 and has since accumulate $24.3 billion in assets under management.

2ETFoftheYear
3BestNewETF

Best New ETF

US Treasury 3 Month Bill ETF (TBIL)

The Best New ETF award goes to the US Treasury 3 Month Bill ETF (TBIL), a first-of-its-kind product from F/m Investments. The fund launched last August and is now a $714 million fund—not bad for a product from a new issuer.   

F/m entered the ETF market with a unique premise for its U.S. Benchmark Series. The issuer’s products all track indexes from the ICE and Bank of America that represent the on-the-run bond, bill or note for each tenor of Treasury securities, rolling into the newest securities as they become available. By investing in the on-the-run security for a particular tenor, the investor is exposed to the price most similar to what is quoted in the media.  

The strategy offers exposure to Treasury interest rates without requiring management on the part of the investors, whether they are institutional or retail. Alex Morris, chief investment officer of F/m, describes the F/m funds as a way to achieve “very surgical (and) precise” positioning on the yield curve.  

TBIL is the shortest-term product in the lineup and rapidly grew to become the largest fund in the family, probably because many investors were looking to keep their duration short in the face of rising interest rates.

3BestNewETF
4BestNewUSEquityETF

Best New U.S. Equity ETF

Capital Group Growth ETF (CGGR)

The award for Best New U.S. Equity ETF goes to the Capital Group Growth ETF (CGGR). The actively managed fund primarily targets large cap U.S. growth stocks and was among the first six ETFs that rolled out from Capital Group when it entered the ETF market in February 2022.   

CGGR currently has $1.9 billion in assets under management with broad institutional ownership. It’s one of the largest actively managed U.S. growth ETFs, and with an expense ratio of just 0.39%.   

The fund offers investors lower-cost exposure to a U.S. growth strategy in an ETF wrapper from one of the world’s most respected active managers. Prior to Capital Group’s entry into the ETF space, its strategies were mainly available in mutual fund wrappers. Like the rest of the issuer’s ETFs, CGGR is not a clone of an existing strategy but a unique product. And with six managers listed on its fund page, it reflects Capital Group’s policy of using multiple managers for its funds, with each manager responsible for a different segment of the fund’s portfolio.

4BestNewUSEquityETF
5BestNewInternationalGlobalEquityETF

Best New International/Global Equity ETF

BNY Mellon Global Infrastructure Income ETF (BKGI)

The Best New International Global/Equity ETF award goes to the BNY Mellon Global Infrastructure Income ETF (BKGI). With global markets in perilous waters in 2022 and supply chains still suffering from the effects of the pandemic, investing in the companies that keep things running seemed a fairly safe bet to many. Although the category didn’t generate positive returns in 2022, infrastructure funds still saw far better returns than the broader equity markets last year.

On the BNY Mellon fund page for BKGI, the investment argument for the fund notes that infrastructure assets have “inflation links,” which means they can adjust their prices based on an inflation indicator such as the producer price index or consumer price index.

But BKGI has another feature that made it stand out from the crowd in 2022. At a time when investors were very concerned about income, the ETF launched with the goal of providing a 12-month yield of 6% or more. It’s also actively managed, something that can appeal to investors when markets are tumultuous, as it means a fund’s managers can pull assets out of companies that are no longer appealing in order to invest them in companies that seem like better prospects.

5BestNewInternationalGlobalEquityETF
6BestNewU.S.FixedIncomeETF

Best New U.S. Fixed Income ETF

Schwab Municipal Bond ETF (SCMB)

The award for Best New U.S. Fixed Income ETF goes to the Schwab Municipal Bond ETF (SCMB). Charles Schwab has a long history in the ETF space of offering broad coverage at rock-bottom prices, and this fund is no different. SCMB has an expense ratio of 0.03%, which is the cheapest in the entire muni ETF category, undercutting even Vanguard’s funds in the space.  

The ETF tracks a very similar index to that tracked by the $31.9 billion iShares National Muni Bond ETF (MUB), the largest muni bond ETF currently trading, but it costs 4 basis points less. SCMB, like MUB, offers broad exposure to the national municipal bond market, an area that was on fire last year regarding flows, as investors sought refuge amid market volatility, with muni bond ETFs pulling in roughly $28 billion during most of 2022. It also is the eighth bond fund to be added to Schwab’s ETF family and fills in one of the last remaining gaps in the issuer’s lineup.  

With the fund’s lowest-in-class expense ratio and the power of the Schwab brand backing it, it’s hard to see investors going wrong with SCMB.

6BestNewU.S.FixedIncomeETF
7ETFIssuer
oftheYear

ETF Issuer of the Year

Dimensional Fund Advisors

Dimensional Fund Advisors has claimed the prize for ETF Issuer of the Year. The firm entered the ETF market in 2020, and has since created a lineup of 30 actively managed ETFs, with more than $84 billion in combined assets under management.   

Founded in 1981 by David Booth, Rex Sinquefield and Larry Klotz, who all studied under Eugene Fama and Kenneth French, it has a reputation for investing in broad swaths of the market while tilting the exposures of its strategies toward the value, profitability and size factors, something it has continued with the ETFs it markets.   

Essentially, Dimensional’s ETF lineup consists of actively managed broad-market funds that look to highlight factors that have been proven via extensive academic research to outperform the overall market over time. It provides these ETFs at rock-bottom prices that range from 9 to 43 basis points.   

In 2022 alone, Dimensional launched 17 funds, creating even more ways for investors to access its factor-based strategy. The number of new ETFs it debuted last year is on par with veteran names such as iShares and Direxion.

7ETFIssuer
oftheYear
8NewETF
IssueroftheYear

New ETF Issuer of the Year

BondBloxx Investment Management

The New ETF Issuer of the Year award is: BondBloxx Investment Management. The firm, founded by a consortium of mostly ETF industry veterans last year, debuted in the first quarter of 2022 with the launch of seven sector junk bond ETFs.

The issuer exclusively focuses on providing targeted exposure to different slices of the fixed income space. In 2022, the issuer launched 19 funds, more than any other issuer, surpassing even iShares and Direxion. In addition to different slices of the high-yield bond space, the list of ETFs it rolled out last year includes a range of target duration U.S. Treasury funds and an emerging market bond fund.

The firm has said it intends to gear its funds toward institutional investors looking to gain fixed income exposure without the potential liquidity issues, although as ETFs, they can be accessed by all types of investors, including retail investors looking for institutional-type access.

In mid-April, the issuer had assets under management of $1.8 billion. Its largest ETF is the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) , with $482.2 million in assets.

8NewETF
IssueroftheYear
9BestNewInternationalGlobalFixedIncomeETF

Best New International/Global Fixed Income ETF

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD)

It’s not shocking that the New Issuer of the Year should also be the issuer of the winner of the Best New International/Global Fixed Income ETF. The BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) launched midway through 2022 and has gathered just over $180 million in assets so far.

There’s no shortage of emerging market bond ETFs, but this is the first to specifically target bonds with short- and intermediate-term maturities. XEMD tracks the JP Morgan EMBI Global Diversified Liquid 1-10 Y Maturity Index. Its portfolio holds 355 securities from 54 different countries.

Not only does it offer unique coverage for investors looking for shorter duration than most emerging market bond funds, with an expense ratio of 0.29% it also has a fairly low price relative to other funds in the emerging markets fixed income category. And it offers a 30-day SEC yield of 7.33%, a significant amount at a time when investors are still finding income elusive.

9BestNewInternationalGlobalFixedIncomeETF
10BestNewActiveETF

Best New Active ETF

Dimensional US Small Cap Value ETF (DFSV)

The Dimensional US Small Cap Value ETF (DFSV) has claimed the award for the Best New Active ETF. The fund launched in February 2022 and captures two of the pillars of Dimensional’s core strategy, which targets smaller cap stocks demonstrating strong value characteristics as well as strong profitability. DFSV is benchmarked to the Russell 2000 Value Index.     

If you compare it to one of the largest funds in the space, the passively managed $23.6 billion Vanguard Small-Cap Value ETF (VBR), there’s quite a bit of differentiation. DFSV has a broader portfolio of roughly 980 securities and absolutely no overlap with those of VBR in its top 10 holdings. It’s also outperforming its rival by several basis points year to date.     

With an expense ratio of 0.31%, the fund has nearly $1.4 billion in assets under management. That’s a fairly low cost for an actively managed fund, and even has a lower expense ratio than the passively managed Invesco S&P SmallCap 600 Pure Value ETF (RZV), which charges 0.35%,   

Unsurprisingly for a Dimensional product, the fund has broad institutional ownership among its largest shareholders, including the Alaska Permanent Fund, according to WhaleWisdom.com.

10BestNewActiveETF
11BestNew
ESGETF

Best New ESG ETF

iShares Paris-Aligned Climate MSCI USA ETF (PABU)

The Best New ESG ETF award winner was also one of the biggest launches in 2022. The iShares Paris-Aligned Climate MSCI USA ETF (PABU) tracks an index of companies seen as well-positioned to participate in the transition to a lower-carbon economy and aligning with the goals of the Paris Agreement on climate change.    

Not only does the MSCI USA Climate Paris Aligned Benchmark Extended Select Index screen out U.S. companies traditionally eschewed by ESG strategies, such as those involved in alcohol, weapons, fossil fuels or major controversies, it homes in on companies within its universe that have lower greenhouse gas intensity. In fact, a document from iShares notes that the companies in its portfolio have the goal of reducing their greenhouse gas intensity by half, year over year, while its broader selection universe has an average goal of a 10% reduction.    

PABU recently crossed $1 billion in assets under management, despite the backlash against ESG strategies that began last year. However, the increasing severity of weather events has likely been instrumental in keeping assets flowing into the fund.    

And with an expense ratio of just 0.10%, investors are getting low-cost exposure to what many consider the most important element of ESG investing.

11BestNew
ESGETF
12BestNew
SmartBetaorFactorETF

Best New Smart Beta or Factor ETF

Invesco NASDAQ Future Gen 200 ETF (QQQS)

The winner of the Best New Smart Beta or Factor ETF is the Invesco NASDAQ Future Gen 200 ETF (QQQS). The fund offers exposure to 200 Nasdaq-listed stocks ranking below the ones included in the 100-stock Nasdaq-100 Index and Nasdaq Next Generation Index in size but falling within the components of the Nasdaq Composite Index. Companies are screened to include those with the most valuable patent portfolios relative to their size, and are equal-weighted within QQQS’ index. It provides exposure to the small cap segment of the market.   

In focusing on the value of a company’s intellectual property, the ETF’s methodology has the potential to avoid some of the risks associated with investing in the small cap segment. These are companies that have already accomplished something by filing for patents and are likely still in the early stages of monetizing those patents. This implies a certain amount of growth potential, which is generally what investors are looking for with small cap companies.    

Investors can access this innovation-tilted ETF at an expense ratio of 0.20%.

12BestNew
SmartBetaorFactorETF
13BestThematicETFoftheYear

Best Thematic ETF of the Year

Engine No. 1 Transform Climate ETF (NETZ)

The Best Thematic ETF of the Year award goes to the Engine No. 1 Transform Climate ETF (NETZ). The fund is actively managed and invests in U.S. companies that are both driving and benefiting from the transition to a lower carbon economy, though its primary focus is on companies in carbon-intensive industries that are ahead of their peers. The fund has the most exposure to industries such as transportation, energy and agriculture.    

The premise behind NETZ is that because only 200 companies account for more than 80% of greenhouse gases produced by corporations, net zero can’t be achieved without their support or participation. So it takes the somewhat contrarian approach of investing in companies that, though they may have been or are among the worst offenders, are making strides toward the goal of net zero.    

With a high-conviction portfolio of just 26 holdings as of mid-April, NETZ has nearly $110 million in assets under management, a little more than a year after its February 2022 launch. The portfolio includes such names as Airbus SE, Deere and Co. and Exxon Mobil Corp.   

13BestThematicETFoftheYear
14IndexProvideroftheYear

Index Provider of the Year

S&P Dow Jones Indices

S&P Dow Jones Indices claims the award for Index Provider of the Year. The firm’s benchmarks underlie more than 380 ETFs, or 12% of all U.S.-listed ETFs, more than any other index provider. A total of $2.3 trillion in assets, essentially one-third of all U.S.-listed ETF assets, is invested in those ETFs, the largest of which is the $379.7 billion SPDR S&P 500 ETF (SPY).    

The index provider offers a full range of plain vanilla, cap-weighted indexes, including two of the best-known indexes in the world, the Dow Jones Industrial Average and the S&P 500 Index. However, in more recent years, S&P DJI has become known for its factor indexes, on which it issues regular reports.   

It also offers extensive research via its website, including blogs, research reports and videos. In particular, its S&P Indices Vs. Active report, which has been published for 20 years, has been instrumental in supporting the argument for index-based investing rather than active management. Over the years, it has expanded from a U.S.-focused report covering 12 fund categories to encompass nine geographies and more than 100 fund categories.

14IndexProvideroftheYear
15NewETFTickerofTheYear

New ETF Ticker of the Year

Roundhill Cannabis ETF (WEED)

The award for the New ETF Ticker of the Year goes to the Roundhill Cannabis ETF (WEED). Irreverent and perhaps a bit too on-the-nose, it can evoke a giggle from anyone viewing it on their page or screen. And certainly, in just four letters it lets the investor know exactly what they’re allocating their money to.    

Given that WEED was one of the last marijuana ETFs to hit the market, it entered a crowded space, but the argument could be made that its managers, since it is actively managed, have seen where the pitfalls are in investing in cannabis via the older and more established ETFs covering the industry.    

At a year old, WEED still has only about $1.5 million in assets under management, but there are myriad reasons for that. In 2022, marijuana ETFs were among the worst performers. This was largely because long-anticipated regulatory reform never materialized during the year, and still hasn’t in 2023. Despite being legalized to one extent or another in more than 20 states, reform at the federal level seems like it could be necessary for the industry to truly thrive.

15NewETFTickerofTheYear

2023 Award Nominees

Awarded annually to one living individual for outstanding long-term contributions to ETF investor outcomes, whether from a position of media, regulation, product provider, investor or another category. 

2023 Nominees:

 

Jay Baker – Director of Capital Markets, Exchange Traded Concepts 

Jan van Eck – Chief Executive Officer, VanEck 

Joanne M. Hill, Ph.D. – Chief Advisor of Research, Cboe Vest 

Anna Paglia – Global Head of ETFs and Index Strategies, 

Invesco Anthony Rochte – Managing Director, Global Head of ETFs, Morgan Stanley

 

Awarded to the ETF that has done the most to improve investor opportunities and outcomes in 2022 by providing access to interesting areas of the market, lowering costs, delivering new exposures or otherwise creating better results for investors.
2023 Nominees

  • BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF)
  • Energy & Minerals Group EV, Solar & Battery Materials Futures Strategy ETF (CHRG)
  • Engine No 1 Transform Climate ETF (NETZ)
  • Invesco Electric Vehicle Metals No K-1 ETF (EVMT)
  • US Treasury 3 Month Bill ETF (TBIL)

Awarded to the most important international or global equity ETF launched in 2022.
2023 Nominees

  • BNY Mellon Global Infrastructure Income ETF (BKGI)
  • Innovator Gradient Tactical Rotation Strategy ETF (IGTR)
  • Matthews China Active ETF (MCH)
  • Procure Disaster Recovery Strategy ETF (FIXT) (formerly FEMA)
  • VanEck Digital India ETF (DGIN)

Awarded to the ETF issuer that has done the most to improve investor outcomes through product introductions, product performance, fund management, asset gathering, investor support and innovation in 2022.
2023 Nominees

  • Dimensional Fund Advisors
  • First Trust
  • Innovator ETFs
  • Invesco
  • J.P. Morgan Asset Management
  • Pacer ETFs
  • State Street Global Advisors
  • Vanguard

Awarded to the most important international or global fixed income ETF launched in 2022.
2023 Nominees

  • American Century Short Duration Strategic Income ETF (SDSI)
  • BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD)
  • Capital Group Core Plus Income ETF (CGCP)
  • Touchstone Strategic Income Opportunities ETF (SIO)

Awarded to the most important ESG ETF launched in 2022.
2023 Nominees

  • Carbon Collective Climate Solutions US Equity ETF (CCSO)
  • Franklin Responsibly Sourced Gold ETF (FGLD)
  • iShares Paris-Aligned Climate MSCI USA ETF (PABU)
  • VanEck Green Infrastructure ETF (RNEW)

Awarded to the most important thematic ETF of 2022, as measured by its ability to capture important macro plays that can lead to specific portfolio outcomes.
2023 Nominees

  • Engine No. 1 Transform Climate ETF (NETZ)
  • FlexShares Morningstar Global Upstream Natural Resources Index Fund (GUNR)
  • Hypatia Women CEO ETF (WCEO)
  • Invesco Aerospace & Defense ETF (PPA)
  • iShares Paris-Aligned Climate MSCI USA ETF (PABU)

Awarded to the new ETF in 2022 with the most clever or evocative ticker.
2023 Nominees

  • God Bless America ETF (YALL)
  • ProShares S&P Global Core Battery Metals ETF (ION)
  • Residential REIT Income ETF (HAUS)
  • Roundhill Cannabis ETF (WEED)
  • Subversive Mental Health ETF (SANE)
  • Subversive Metaverse ETF (PUNK)

Awarded to the ETF that has done the most to improve investor opportunities and outcomes in 2022 by providing access to interesting areas of the market, lowering costs, delivering new exposures or otherwise creating better results for investors.
 

2023 Nominees:

 

  1. AXS Astoria Inflation Sensitive ETF (PPI)

  2. Amplify CWP Enhanced Dividend Income ETF (DIVO)

  3. Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC)

  4. JPMorgan Equity Premium Income ETF (JEPI)

  5. Pacer U.S. Cash Cows 100 ETF (COWZ)

  6. Schwab U.S. Dividend Equity ETF (SCHD)

Awarded to the most important U.S. equity ETF launched in 2022.
2023 Nominees

  • Capital Group Growth ETF (CGGR)
  • Distillate Small/Mid Cash Flow ETF (DSMC)
  • Goldman Sachs MarketBeta US 1000 Equity ETF (GUSA)
  • JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
  • Pacer US Large Cap Cash Cows Growth Leaders Index (COWG)

Awarded to the most important U.S. fixed income ETF
2023 Nominees

  • AllianceBernstein Tax-Aware Short Duration Municipal ETF (TAFI)
  • BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF)
  • JPMorgan Inflation Managed Bond ETF (JCPI)
  • PIMCO Senior Loan Active ETF (LONZ)
  • Schwab Municipal Bond ETF (SCMB)
  • US Treasury 2 Year Note ETF (UTWO)

Awarded to the new ETF issuer that has done the most to improve investor outcomes through product introductions, product performance, fund management, investor support and innovation.
2023 Nominees

  • AllianceBernstein
  • BondBloxx
  • Emerge Capital Management
  • NightShares
  • Strategas Asset Management

Awarded to the most important actively managed ETF launched in 2022, regardless of asset class.
2023 Nominees

  • American Century Short Duration Strategic Income ETF (SDSI)
  • Capital Group Dividend Value ETF (CGDV)
  • Capital Group Global Growth Equity ETF (CGGO)
  • Dimensional US Small Cap Value ETF (DFSV)
  • Simplify Managed Futures Strategy ETF (CTA)

Awarded to the most important smart beta or factor ETF launched in 2022, regardless of asset class, that uses a quantitative, research-driven approach to attempt to deliver superior long-term risk-adjusted returns.
2023 Nominees

  • Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (GLOV)
  • Hartford Disciplined US Equity ETF (HDUS)
  • Invesco NASDAQ Future Gen 200 ETF (QQQS)
  • Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG)
  • Strive 1000 Dividend Growth ETF (STXD)

Awarded to the index provider that has done the most to improve investor outcomes in 2022 through product introductions, product performance, fund management, investor support and innovation.
2023 Nominees

  • Bloomberg Index Services
  • Indxx
  • MSCI
  • Nasdaq
  • S&P Dow Jones Indices
  • Solactive

Meet The Judges

EricBalcunas

Eric Balchunas

Senior ETF Analyst at Bloomberg Intelligence
Bio

Eric Balchunas is senior ETF analyst at Bloomberg Intelligence, where he leads the ETF and fund research and contributes to Bloomberg Opinion. He is a frequent speaker at industry events and conferences, as well as the co-creator of the Bloomberg podcast Trillions and Bloomberg TV’s ETF IQ. He is author of The Bogle Effect (2022) and The Institutional ETF Toolbox (2016). Eric holds a bachelor's degree in journalism and environmental economics from Rutgers University.

EricBalcunas
Eric Balchunas
Senior ETF Analyst at Bloomberg Intelligence
Marguerita

Marguerita Cheng

Chief Executive Officer 
at Blue Ocean Global Wealth
Bio

Marguerita (Rita) Cheng helps educate the public, policy makers, and media about the benefits of competent, ethical financial planning. As a Certified Financial Planner® professional and CEO of the financial advisory firm, Blue Ocean Global Wealth, She helps people meet their life goals through the proper management of financial resources. Rita is passionate about helping them navigate some of life’s most difficult issues—divorce, death, career changes, caring for aging relatives—so they can feel confident and in control of their finances. She is a regular columnist for Kiplinger and MarketWatch, and a past spokesperson for the AARP Financial Freedom Campaign. Rita volunteers her time as a SoleMate, or charity runner for Girls on the Run, raising money for scholarships for girls. 

Marguerita
Marguerita Cheng
Chief Executive Officer 
at Blue Ocean Global Wealth
JillianDelSignore

Jillian DelSignore

Head of Strategic Growth & Solutions at FLX Networks
Bio

Jillian DelSignore, CIMA, is managing director, head of ETFs & indexing at FLX Distribution. FLX is a first of its kind technology platform that brings together asset managers, distribution professionals, wealth managers, and advisors.

She also serves on the board of Women in ETFs, the first women’s group for the ETF industry, and served as co-president from 2017-2019. Founded in 2014, WE achieves the mission to connect, support and inspire by organizing events globally that support the goals of education, networking, philanthropy.

Jillian has a B.A. in communications from John Carroll University and an M.B.A degree in Finance from the Katz Graduate School of Business at the University of Pittsburgh. She earned her CIMA designation from the Wharton School of Business at the University of Pennsylvania and holds the Series 3, 6, 7, 24 and 66 licenses.

JillianDelSignore
Jillian DelSignore
Head of Strategic Growth & Solutions at FLX Networks
DeborahFuhr

Deborah Fuhr

Managing Partner & Founder at ETFGI
Bio

Deborah Fuhr has been working with investors, ETF and ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.

 

Past awards for her include being the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing. Deborah was named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.

 

She is a founder and board member of Women in ETFs “WE” the first women’s group for the ETF industry. Founded in January 2014, WE is a nonprofit organization that brings together over 4,500 members, including women and men, in chapters in major financial centers around the world to connect, support and inspire. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. 

DeborahFuhr
Deborah Fuhr
Managing Partner & Founder at ETFGI
ElizabethKashner

Elisabeth Kashner

Director of Global Funds Research at FactSet
Bio

Elisabeth Kashner, CFA, serves as director of global funds research at FactSet. She manages FactSet’s Funds Analytics, providing classifications, ratings, and analytical data. Elisabeth’s thought leadership covers industry microstructure and investor behavior. She has a B.A. from Brown University and a master's in financial analysis from the University of San Francisco. Elisabeth is proud to have served as founding co-head of the Women in ETFs Speakers’ Bureau and San Francisco chapter. 

ElizabethKashner
Elisabeth Kashner
Director of Global Funds Research at FactSet
ben

Benjamin Lavine

Chief Investment Officer at 3D, a Freedom Advisors Company
Bio

Benjamin Lavine, chief investment officer at 3D Capital Management, is an investment professional with over 20 years of experience in asset management and institutional consulting. He oversees investment strategy and research for 3D's ETF and DFA fund-managed portfolios. Ben has a versatile investment background and knowledge set having served as a portfolio manager on the developed markets equity team at Batterymarch Financial Management and as a vice president in the Funds Management Division at Wilshire Associates. Prior to joining 3D, he ran his own consulting practice, providing advisory services to buy-side and sell-side firms. Ben has an MBA from UCLA’s Anderson School of Management and holds the CFA, CAIA and RICP designations. 

ben
Benjamin Lavine
Chief Investment Officer at 3D, a Freedom Advisors Company
AniketUllalal

Aniket Ullal

Vice President, ETF Data & Analytics for CFRA
Bio

Aniket Ullal is VP, ETF Data and Analytics for CFRA, one of the world's largest providers of independent investment research. He founded First Bridge Data, a leading source for global ETF data and analytics acquired by CFRA in August 2019.

 

Prior to starting First Bridge in 2010, Aniket had product management responsibility for S&P's US indices, including the widely followed S&P 500 and S&P/Case-Shiller indices. These indices have over $1 trillion in ETF assets tracking them.

 

He is the author of 'ETF Investment Strategies' (McGraw-Hill; 2013). Aniket is a graduate of Northwestern's Kellogg School of Management and the Indian Institute of Management in Ahmedabad. 

AniketUllalal
Aniket Ullal
Vice President, ETF Data & Analytics for CFRA
EricBalcunas

Eric Balchunas

Senior ETF Analyst at Bloomberg Intelligence
Bio

Eric Balchunas is senior ETF analyst at Bloomberg Intelligence, where he leads the ETF and fund research and contributes to Bloomberg Opinion. He is a frequent speaker at industry events and conferences, as well as the co-creator of the Bloomberg podcast Trillions and Bloomberg TV’s ETF IQ. He is author of The Bogle Effect (2022) and The Institutional ETF Toolbox (2016). Eric holds a bachelor's degree in journalism and environmental economics from Rutgers University.

EricBalcunas
Eric Balchunas
Senior ETF Analyst at Bloomberg Intelligence
Marguerita

Marguerita Cheng

Chief Executive Officer 
at Blue Ocean Global Wealth
Bio

Marguerita (Rita) Cheng helps educate the public, policy makers, and media about the benefits of competent, ethical financial planning. As a Certified Financial Planner® professional and CEO of the financial advisory firm, Blue Ocean Global Wealth, She helps people meet their life goals through the proper management of financial resources. Rita is passionate about helping them navigate some of life’s most difficult issues—divorce, death, career changes, caring for aging relatives—so they can feel confident and in control of their finances. She is a regular columnist for Kiplinger and MarketWatch, and a past spokesperson for the AARP Financial Freedom Campaign. Rita volunteers her time as a SoleMate, or charity runner for Girls on the Run, raising money for scholarships for girls. 

Marguerita
Marguerita Cheng
Chief Executive Officer 
at Blue Ocean Global Wealth
JillianDelSignore

Jillian DelSignore

Head of Strategic Growth & Solutions at FLX Networks
Bio

Jillian DelSignore, CIMA, is managing director, head of ETFs & indexing at FLX Distribution. FLX is a first of its kind technology platform that brings together asset managers, distribution professionals, wealth managers, and advisors.

She also serves on the board of Women in ETFs, the first women’s group for the ETF industry, and served as co-president from 2017-2019. Founded in 2014, WE achieves the mission to connect, support and inspire by organizing events globally that support the goals of education, networking, philanthropy.

Jillian has a B.A. in communications from John Carroll University and an M.B.A degree in Finance from the Katz Graduate School of Business at the University of Pittsburgh. She earned her CIMA designation from the Wharton School of Business at the University of Pennsylvania and holds the Series 3, 6, 7, 24 and 66 licenses.

JillianDelSignore
Jillian DelSignore
Head of Strategic Growth & Solutions at FLX Networks
DeborahFuhr

Deborah Fuhr

Managing Partner & Founder at ETFGI
Bio

Deborah Fuhr has been working with investors, ETF and ETP providers, index providers, exchanges, MMs and APs, regulators, trade associations, custodians, law firms, accounting firms around the world since 1997.

 

Past awards for her include being the recipient of the 100 Women in Finance 2017 European Industry Leadership Award, the 2014 William F. Sharpe Lifetime Achievement Award for outstanding contributions to the field of index investing. Deborah was named one of the “100 Most Influential Women in Finance” by Financial News over several years, most recently in 2016.

 

She is a founder and board member of Women in ETFs “WE” the first women’s group for the ETF industry. Founded in January 2014, WE is a nonprofit organization that brings together over 4,500 members, including women and men, in chapters in major financial centers around the world to connect, support and inspire. WE achieves this by organizing events at our chapters globally that support our goals of education, networking, philanthropy and idea sharing across the industry and beyond. 

DeborahFuhr
Deborah Fuhr
Managing Partner & Founder at ETFGI
ElizabethKashner

Elisabeth Kashner

Director of Global Funds Research at FactSet
Bio

Elisabeth Kashner, CFA, serves as director of global funds research at FactSet. She manages FactSet’s Funds Analytics, providing classifications, ratings, and analytical data. Elisabeth’s thought leadership covers industry microstructure and investor behavior. She has a B.A. from Brown University and a master's in financial analysis from the University of San Francisco. Elisabeth is proud to have served as founding co-head of the Women in ETFs Speakers’ Bureau and San Francisco chapter. 

ElizabethKashner
Elisabeth Kashner
Director of Global Funds Research at FactSet
ben

Benjamin Lavine

Chief Investment Officer at 3D, a Freedom Advisors Company
Bio

Benjamin Lavine, chief investment officer at 3D Capital Management, is an investment professional with over 20 years of experience in asset management and institutional consulting. He oversees investment strategy and research for 3D's ETF and DFA fund-managed portfolios. Ben has a versatile investment background and knowledge set having served as a portfolio manager on the developed markets equity team at Batterymarch Financial Management and as a vice president in the Funds Management Division at Wilshire Associates. Prior to joining 3D, he ran his own consulting practice, providing advisory services to buy-side and sell-side firms. Ben has an MBA from UCLA’s Anderson School of Management and holds the CFA, CAIA and RICP designations. 

ben
Benjamin Lavine
Chief Investment Officer at 3D, a Freedom Advisors Company
AniketUllalal

Aniket Ullal

Vice President, ETF Data & Analytics for CFRA
Bio

Aniket Ullal is VP, ETF Data and Analytics for CFRA, one of the world's largest providers of independent investment research. He founded First Bridge Data, a leading source for global ETF data and analytics acquired by CFRA in August 2019.

 

Prior to starting First Bridge in 2010, Aniket had product management responsibility for S&P's US indices, including the widely followed S&P 500 and S&P/Case-Shiller indices. These indices have over $1 trillion in ETF assets tracking them.

 

He is the author of 'ETF Investment Strategies' (McGraw-Hill; 2013). Aniket is a graduate of Northwestern's Kellogg School of Management and the Indian Institute of Management in Ahmedabad. 

AniketUllalal
Aniket Ullal
Vice President, ETF Data & Analytics for CFRA

Our Proud Supporting Sponsors

Methodologies

etf.com Award winners are selected in a three-part process designed to leverage the insights and opinions of leaders throughout the ETF industry.
Step 1
ETF Investing Tools

The awards process begins with open nominations, which will commence on Jan. 3, 2023 and close on Jan. 31, 2023. Interested parties are invited to submit nominations via the publicly available submission form. Self-nominations are accepted. A single fund/issuer can be nominated for multiple awards as long as it meets the criteria of the category. Multiple submissions can be accepted on one form. 

Step 2
ETF Investing Tools

Following the open nominations process, the etf.com Awards Nominating Committee, made up of etf.com editorial staff, will review nominations. Nominations are screened for eligibility (appropriate timing and category). If more than five unique entries are received in the nomination process, the members of the Nominating Committee will force-rank their top five, resulting in a final slate for each category. Votes will be resolved on a majority basis, and ties broken where possible with head-to-head runoff votes. If ties cannot be broken, more than five finalists are allowed. The Nominating Committee will complete this process by Feb. 22, 2023. The short list of nominees will be published on etf.com. 

Step 3
ETF Investing Tools

Winners among these finalists will be selected by a majority vote of the etf.com Award panel of judges, a group of independent ETF experts from the ETF industry. Judges will recuse themselves from voting in any category in which they or their firms appear as finalists. Ties will be decided where possible with head-to-head runoff votes. Voting will be complete by March 15, 2023. Results will be kept confidential until they are announced at the etf.com Awards ceremony in April 2023 and published on etf.com. Details about the awards event will be forthcoming.