ALPS Active REIT ETF
Market Price
NAV
NAV Change
Daily Return
Net Assets
YTD Return
Dividend Yield
ALPS Active REIT ETF (REIT)
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Overview
Investment Objective
The ALPS Active REIT ETF (REIT) seeks total return through dividends and capital appreciation.
Strategy
The ALPS Active REIT ETF (REIT) seeks to achieve its investment objective by investing at least 80% of its net assets in publicly traded equity securities of Real Estate Investment Trusts (REITs). REIT will primarily invest in publicly traded common equity securities of US REITs.
Fund Details
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Listing Exchange
Nasdaq |
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ISIN
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| Net Assets
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Inception Date |
| Fund Type Exchange-Traded Fund |
Primary Benchmark S&P US REIT Index |
Performance and Fees
Returns
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As of
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Performance includes reinvested distributions and capital gains.
Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
Fund inception date: 02/25/2021
S&P US REIT Index: defines and measures the investable universe of publicly traded real estate investment trusts (REITs) domiciled in the United States. One may not invest directly in an index.
$10,000 Hypothetical Investment
The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Fees
Facts and Characteristics
Fund Pricing
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Trading Characteristics
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Fund Yields
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| 30-Day SEC Yield (Unsubsidized) |
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| Trailing Twelve Month Yield |
30-Day SEC Yield: reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses.
30-Day SEC Yield (Unsubsidized): reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses, excluding fee waivers.
Trailing Twelve Month Yield: refers to the percentage of income a portfolio has returned to investors over the last 12 months.
Portfolio
Sector Breakdown
- Top Five Holdings
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Geography Breakdown
- Top Five Holdings
| Company Name | % of Fund |
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Fund Holdings
| Guardrail Amount*: 10% |
* The Guardrail Amount is the maximum deviation between the weightings of the specific securities in the Portfolio Reference Basket and the weightings of those specific securities in the Actual Portfolio, as well as between the weighting of the respective cash positions. The Guardrail Amount is intended to ensure that no individual security in the Portfolio Reference Basket will be overweighted or underweighted by more than the publicly disclosed percentage when compared to the actual weighting of each security within the Actual Portfolio as of the beginning of each trading day. The Guardrail Amount is designed to help investors evaluate the risk of tracking error, which is the degree to which the performance of the Portfolio Reference Basket deviates from the performance of the Actual Portfolio.
Funds Related to REIT
ALPS REIT Dividend Dogs ETF
Fund Disclosure
Shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 5,000, 25,000 or 50,000 shares.
Because the shares are traded in the secondary market, a broker may charge a commission to execute a transaction in shares, and an investor also may incur the cost of the spread between the price at which a dealer will buy shares and the somewhat higher price at which a dealer will sell shares.
Diversification does not eliminate the risk of experiencing investment losses.
Ownership of real estate is subject to fluctuations in the value of underlying properties, the impact of economic conditions on real estate values, the strength of specific industries renting properties and defaults by borrowers or tenants. Real estate is a cyclical business, highly sensitive to general and local economic conditions and developments, and characterized by intense competition and periodic overbuilding. Credit and interest rate risk may affect real estate companies’ ability to borrow or lend money.
The Fund publishes a daily Proxy Portfolio, a basket of securities designed to closely track the daily performance of the actual portfolio holdings. While the Proxy Portfolio includes some of the Fund's holdings, it is not the actual portfolio. Daily portfolio statistics will be provided as an indication of the similarities and differences between the Proxy Portfolio and the actual holdings. The Proxy Portfolio and other metrics, including Guardrail Amount, are intended to provide investors and traders with enough information to encourage transactions that help keep the Fund’s market price close to its NAV. There is a risk that market prices will differ from the NAV, ETFs trading on the basis of a Proxy Portfolio may trade at a wider bid/ask spread than shares of ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility and, therefore, may cost investors more to trade.
Although the Fund seeks to benefit from keeping its portfolio information confidential, market participants may attempt to use publicly available information to identify the Fund's investment and trading strategy. If successful, these trading practices may have the potential to reduce the efficiency and performance of the Fund.
The Fund will primarily invest in publicly traded common equity securities of US REITs. The Fund may also invest a portion of its assets in publicly traded common equity of US real estate operating companies (not structured as REITs), publicly traded preferred equity of US REITs and real estate operating companies, and cash and cash equivalents.
The Fund’s bid-ask spreads and premiums/discounts may be larger than those for traditional ETFs due to the lack of transparency, thus making trading in the Fund’s shares more expensive.
ALPS Advisors, Inc. is the investment adviser to the Fund and GSI Capital Advisors, LLC is the investment sub-adviser to the Fund. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with GSI Capital Advisors, LLC.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.