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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
-21.7%
1 yr return
-12.0%
3 Yr Avg Return
-29.1%
5 Yr Avg Return
-1.3%
Net Assets
$228 M
Holdings in Top 10
52.8%
Expense Ratio 0.55%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund employs a “passive management” – or indexing – investment approach designed to track the performance of the Underlying Index. The Underlying Index utilizes a rules-based methodology developed by CIBC National Trust Company (the “Index Provider”), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The clean energy sector is comprised of companies that provide the products and services that enable the evolution of a more sustainable energy sector. Clean energy business segments include, but are not limited to, the following activities: (i) renewable energy sources, including solar power, wind power, hydroelectricity, geothermal energy, biomass, biofuels, and tidal/wave energy, (ii) clean technologies, including electric vehicles, energy storage, lithium, fuel cell, smart grid, and energy efficiency technologies and (iii) other emerging clean energy activities and technologies.
The Underlying Index is compiled by the Index Provider and may be comprised of U.S. or Canadian companies. In order to be eligible for inclusion in the Underlying Index’s Index Universe (defined below), a company’s stock must be traded on one or more major U.S. or Canadian securities exchanges, be based in the U.S. or in Canada, have a minimum float-adjusted market capitalization and minimum average daily trading value thresholds established by the index rulebook of at least $300 million, and have a minimum median average daily trading liquidity of greater than $3 million over the last 60 trading days prior to the selection date, and the company must derive a majority of its value from clean energy business segments (as defined above). Such eligible companies shall be defined as the “Index Universe.” All equity securities meeting the above criteria are selected for inclusion in the Index Universe.
From the Index Universe, it is the intent of the Index Provider to include at least 30 stocks that meet the Index criteria. The eligible stocks that are selected for inclusion in the Index’s portfolio are weighted according to each stock’s float-adjusted market-capitalization. The index weight of the largest stock is capped at 5% as of the rebalance date, and the excess weight is redistributed proportionally over the remainder of the Underlying Index. As of December 31, 2023 the Underlying Index consisted of 38 securities.
The Underlying Index is reconstituted and rebalanced quarterly on the third Friday in March, June, September and December. The Index Provider’s Index Committee reviews and approves all changes to the Underlying Index as well as regularly reviews the constituent criteria and index construction guidelines based on a proprietary, rules-based research process.
The Fund will invest at least 80% of its net assets in securities that comprise the Underlying Index.
Period | ACES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -21.7% | -30.4% | 100.1% | 94.12% |
1 Yr | -12.0% | -22.9% | 108.7% | 97.06% |
3 Yr | -29.1%* | -38.1% | 20.1% | 85.29% |
5 Yr | -1.3%* | -24.1% | 22.4% | 81.25% |
10 Yr | N/A* | -1.9% | 14.9% | 62.07% |
* Annualized
Period | ACES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -21.1% | -34.8% | 38.7% | 88.24% |
2022 | -29.1% | -72.7% | 8.2% | 58.82% |
2021 | -20.0% | -31.7% | 27.4% | 78.79% |
2020 | 137.4% | -29.0% | 233.6% | 18.75% |
2019 | 48.7% | -2.0% | 66.0% | 11.11% |
Period | ACES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -21.7% | -30.4% | 100.1% | 94.12% |
1 Yr | -12.0% | -22.9% | 108.7% | 97.06% |
3 Yr | -29.1%* | -38.1% | 20.1% | 85.29% |
5 Yr | -1.3%* | -24.1% | 22.4% | 81.25% |
10 Yr | N/A* | -1.9% | 14.9% | N/A |
* Annualized
Period | ACES Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -20.0% | -33.0% | 39.0% | 91.18% |
2022 | -28.4% | -72.7% | 8.2% | 58.82% |
2021 | -19.4% | -31.7% | 28.3% | 78.79% |
2020 | 140.2% | -28.9% | 233.9% | 18.75% |
2019 | 51.7% | 0.4% | 66.5% | 11.11% |
ACES | Category Low | Category High | ACES % Rank | |
---|---|---|---|---|
Net Assets | 228 M | 3.65 M | 31.2 B | 61.76% |
Number of Holdings | 40 | 20 | 389 | 70.59% |
Net Assets in Top 10 | 108 M | 2.31 M | 5.86 B | 67.65% |
Weighting of Top 10 | 52.78% | 11.2% | 90.4% | 58.82% |
Weighting | Return Low | Return High | ACES % Rank | |
---|---|---|---|---|
Stocks | 99.86% | 0.00% | 101.10% | 14.71% |
Cash | 0.14% | 0.00% | 99.38% | 88.24% |
Preferred Stocks | 0.00% | 0.00% | 45.05% | 55.88% |
Other | 0.00% | -7.62% | 91.95% | 67.65% |
Convertible Bonds | 0.00% | 0.00% | 3.05% | 57.58% |
Bonds | 0.00% | 0.00% | 97.85% | 55.88% |
Weighting | Return Low | Return High | ACES % Rank | |
---|---|---|---|---|
Utilities | 28.86% | 0.00% | 85.14% | 20.00% |
Technology | 25.44% | 0.00% | 72.56% | 36.00% |
Consumer Cyclical | 19.18% | 0.00% | 34.19% | 24.00% |
Industrials | 11.27% | 0.00% | 90.47% | 44.00% |
Basic Materials | 8.95% | 0.00% | 17.92% | 24.00% |
Energy | 3.17% | 0.00% | 32.10% | 20.00% |
Real Estate | 3.12% | 0.00% | 16.54% | 20.00% |
Healthcare | 0.00% | 0.00% | 65.82% | 68.00% |
Financial Services | 0.00% | 0.00% | 95.51% | 68.00% |
Communication Services | 0.00% | 0.00% | 16.38% | 60.00% |
Consumer Defense | 0.00% | 0.00% | 50.44% | 60.00% |
Weighting | Return Low | Return High | ACES % Rank | |
---|---|---|---|---|
US | 86.75% | 0.00% | 101.10% | 11.76% |
Non US | 13.11% | 0.00% | 82.82% | 52.94% |
ACES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.55% | 0.41% | 5.61% | 91.18% |
Management Fee | 0.55% | 0.25% | 1.90% | 44.12% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.19% | N/A |
ACES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
ACES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
ACES Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 124.00% | 42.50% |
ACES | Category Low | Category High | ACES % Rank | |
---|---|---|---|---|
Dividend Yield | 1.36% | 0.00% | 12.45% | 38.24% |
ACES | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annual |
ACES | Category Low | Category High | ACES % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.26% | -2.66% | 5.19% | 44.12% |
ACES | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 19, 2024 | $0.095 | OrdinaryDividend |
Jun 20, 2024 | $0.081 | OrdinaryDividend |
Dec 21, 2023 | $0.178 | OrdinaryDividend |
Sep 21, 2023 | $0.135 | OrdinaryDividend |
Jun 22, 2023 | $0.144 | OrdinaryDividend |
Mar 23, 2023 | $0.060 | OrdinaryDividend |
Dec 22, 2022 | $0.155 | OrdinaryDividend |
Sep 22, 2022 | $0.147 | OrdinaryDividend |
Jun 23, 2022 | $0.129 | OrdinaryDividend |
Mar 24, 2022 | $0.063 | OrdinaryDividend |
Dec 22, 2021 | $0.118 | OrdinaryDividend |
Sep 23, 2021 | $0.114 | OrdinaryDividend |
Jun 17, 2021 | $0.175 | OrdinaryDividend |
Mar 18, 2021 | $0.048 | OrdinaryDividend |
Dec 22, 2020 | $0.081 | OrdinaryDividend |
Sep 17, 2020 | $0.098 | OrdinaryDividend |
Jun 18, 2020 | $0.115 | OrdinaryDividend |
Mar 19, 2020 | $0.153 | OrdinaryDividend |
Dec 19, 2019 | $0.140 | OrdinaryDividend |
Sep 19, 2019 | $0.158 | OrdinaryDividend |
Jun 20, 2019 | $0.187 | OrdinaryDividend |
Mar 21, 2019 | $0.120 | OrdinaryDividend |
Dec 20, 2018 | $0.077 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jun 27, 2018
3.93
3.9%
Ryan Mischker is manager of Index Management. Mr. Mischker has oversight of the day-to-day operations of the department. Prior to joining ALPS Advisors, Mr. Mischker served as Compliance Manager of ALPS Fund Services, where he was primarily responsible for managing all post-trade monitoring for IRS, SEC and Prospectus/Statement of Additional Information investment guidelines and restrictions. Mr. Mischker has over 13 years financial services experience and graduated from the University of Northern Colorado with a B.S. in Finance and B.A. in Economics.
Start Date
Tenure
Tenure Rank
Jun 27, 2018
3.93
3.9%
Andrew Hicks, Vice President of Index Management, of ALPS Advisors, Inc.. Mr. Hicks joined ALPS Advisors as a portfolio manager in 2015. Prior to joining ALPS Advisors, Mr. Hicks was a senior equity trader and research analyst with Virtus Investment Partners in New York City, specializing in ETF trading and international research. From 2007 to 2011, Mr. Hicks was an equity trader and research analyst at SCM Advisors in San Francisco, an affiliate of Virtus Investment Partners. With over many years of experience, Mr. Hicks gained international equity trading experience while at Wentworth, Hauser & Violich, and he began his career in semiconductor equity research at Citi. Mr. Hicks earned an accounting degree from Miami University (Ohio) while interning each summer on the American Stock Exchange in New York City.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.25 | 23.1 | 9.26 | 1.25 |
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