AlphaClone Alternative Alpha ETF

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Fund Objective

The AlphaClone Alternative Alpha ETF seeks to track the price and yield, before fees and expenses, of the AlphaClone Hedge Fund Long/Short Index.

Fund Information


Ticker Symbol ALFA
CUSIP 26922A305
Short Selling Allowed Yes
Options Available No
Gross Expense Ratio 0.95%
Inception Date 05/30/2012
Investment Advisor Exchange Traded
Concepts LLC
Index Owner AlphaClone LLC
Distributor Quasar Distributors LLC
Distribution Frequency Annually
Exchange NYSE ARCA

Fund Net Asset Value

Fund Net Asset Value:

Market value of a fund's assets, minus liability divided by the total shares outstanding.

As of 08/31/2015

Price $42.38
Shares Outstanding 4,450,000
Total Net Assets $188,579,119.94
Download Most Recent NAV / NAV History .CSV

Fund Characteristics

As of 06/30/2015

30 Day SEC Yield:

An annualized yield that is calculated by dividing the investment income earned by the fund less expenses over the most recent 30 day period by the current maximum offering price.

Weighted Average Market Cap:

Sum of the market capitalization of each holding in the fund multiplied by that holding's relative weight in the fund.

30 Day SEC Yield 0.18%
Number of Holdings 86
Weighted Average Market Cap $41.081B

Index Summary

The AlphaClone Hedge Fund Long/Short Index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or "Clone Score". The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.

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Fund Performance

Fund Performance:

Fund performance shown is based on the fund's NAV.

As of 07/31/2015
As of 06/30/2015
1 Month 2.58% -2.58%
QTD 2.58% -0.43%
YTD 9.04% 6.30%
1 Year 22.29% 14.68%
3 Year 20.89% 20.72%
5 year - -
10 year - -
21.83% 21.49%

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Short term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns.

Gross Expense Ratio: 0.95%

Fund Market Price

As of 08/31/2015

Exchange Volume:

The volume of shares traded on the fund's primary exchange throughout the previous business day.

Bid/Ask $42.34/$42.42
Closing Price $42.40
Day High $42.82
Day Low $42.32
Exchange Volume (shares) 11,283
Premium/Discount 0.02
Premium Discount to Nav Chart
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