SLDR: new US Sector Strategy ETF by ALPS

CLOSED Thursday, March 24, 2016

ALPS begun trading the ALPS Sector Leaders ETF (NYSEArca: SLDR) on Wednesday, July 01, 2015.
Here is a synopsis of the new ETF:



Symbol: SLDR Exchange: NYSE Arca
Name: ALPS Sector Leaders ETF Net Expense Ratio: 0.40%


The ALPS Sector Leaders ETF seeks investment results that correspond generally to, before fees and expenses, the performance of the S-Network Sector Leaders Index.


The S-Network Sector Low Volatility Index is a rules-based index intended to give investors a means of tracking the overall performance of the stocks in the S&P 500 that demonstrate key characteristics associated with growth and quality (Sector Leaders) on a sector-by-sector basis.
Sector Leaders refers to the 5 stocks in each of 9 Global Industry Classification Standard (GICS) sectors that make up the S&P 500 which offer the best growth potential. The GICS sectors included combine the telecommunications sector with the information technology sector and exclude investments in real estate investment trusts (REITS).
The Underlying Index methodology selects the five stocks in each of nine GICS sectors that make up the S&P 500 which demonstrate the best growth potential based on key characteristics associated with growth and quality as of the last business day of November. Individual securities to be included in the Underlying Index are selected based on a two-tiered screening system within each sector that screens stocks based upon quantitative criteria. The first tier screens stocks based on growth characteristics, including growth in earnings per share and growth in sales per share, and the second tier screens stocks based on quality characteristics including debt to equity ratio and return on equity.
Eligible stocks are then ranked within each sector based on their growth characteristics and the five highest ranked stocks in each sector are selected for inclusion in Underlying Index. The eligible stocks that are selected for inclusion in the Underlying Index’s portfolio are equally weighted.  The Underlying Index is rebalanced quarterly.


Index Sector Weightings  (06/30/15):

Health Care 11.30%
Energy 11.24%
Consumer Discretionary 11.20%
Financials 11.15%
Industrials 11.12%
Consumer Staples 11.08%
Materials 11.05%
Utilities 11.03%
Info Tech/Telecom 10.83%


Useful Links:
SLDR Home Page


Category: Equities> Regions> USA> US Sectors/Industries> US Sector Strategy

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