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Security Profile
- Security Type
- Index ETF
- CUSIP
- 00162Q718
- Market Cap
- Micro Cap · $4 Million
- IPO
- 6/28/2013
Fund Description: ALPS International Sector Dividend Dogs ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of ALPS ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The ALPS International Sector Dividend Dogs ETF seeks investment results that correspond, before fees and expenses, generally to the price and yield performance of the S-Network International Sector Dividend Dogs Index. INDEX DESCRIPTION: The S-Network International Sector Dividend Dogs Index is a rules-based index intended to give investors a means of tracking the overall performance of the highest dividend paying stocks (i.e. Dividend Dogs) in the S-Net International Developed Markets (ex - Americas) Index, a universe of mainly large capitalization stocks in international developed markets not located in the Americas (the S-Net Developed Markets) on a sector-by-sector basis. Dividend Dogs refers to the five stocks in each of the ten Global Industry Classification Standard sectors that make up the S-Net Developed Markets which offer the highest dividend yields. Dividend yield is computed based on the regular cash dividends paid by the company over the previous twelve month period, divided by the share price. The eligible stocks that are selected for inclusion in the Index’s portfolio are equally weighted. If there are less than 5 eligible securities represented in any sector, then the Index will include only those securities that qualify. The Index is rebalanced quarterly. The Index generally consists of 50 stocks on each annual reconstitution date, which is the third Friday of December each year. The Index’s stocks must be constituents of the S-Net Developed Markets universe, which includes stocks whose domicile and primary exchange listings are in countries in Europe, Australia and the Far East and identified by the World Bank as High Income Countries, and excludes stocks from countries a) located in the Americas, b) that do not have stock exchanges, c) were members of the former Comecon and d) whose companies, in the opinion of S-Network Global Indexes LLC, the Index Provider, have idiosyncratic dividend policies. The World Bank’s methodology for identifying High Income Countries is based on the country’s gross national income (GNI) per capita. The selection criteria for the universe also includes requirements for sector inclusion, primary exchange listing, minimum market capitalization, share price, average daily trading volume and other factors. FUND STRATEGY: The Fund generally will invest in all of the securities that comprise the Index in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of the securities in the Index in those weightings. In those circumstances, the Fund may purchase a sample of the securities in the Index in proportions expected by the Adviser to replicate generally the performance of the Index as a whole. There may also be instances in which the Adviser may choose to overweight another security in the Index, purchase (or sell) securities not in the Index which the Adviser believes are appropriate to substitute for one or more Index components or utilize various combinations of other available investment techniques, in seeking to replicate, before fees and expenses, the performance of the Index. In addition, from time to time securities are added to or removed from the Index. The Fund may sell securities that are represented in the Index or purchase securities that are not yet represented in the Index in anticipation of their removal from or addition to the Index. FUND MANAGEMENT: ALPS Advisors, Inc. serves as the Investment Adviser to the Fund.
Company Contact
- Headquarters
- 1290 Broadway Suite 1100, Denver, Colorado 80203
- Phone
- 303-623-2577 · Toll-Free 844-299-4056
- Fax
- 303-623-7850
- Investor Relations
- 866-675-2639 · sdog@alpsinc.com