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Trending ETFs

ALPS Clean Energy ETF

ETF
ACES
Payout Change
Pending
Price as of:
$29.6 -0.13 -0.44%
primary theme
Sector Diversified Equity
ACES (ETF)

ALPS Clean Energy ETF

Payout Change
Pending
Price as of:
$29.6 -0.13 -0.44%
primary theme
Sector Diversified Equity
ACES (ETF)

ALPS Clean Energy ETF

Payout Change
Pending
Price as of:
$29.6 -0.13 -0.44%
primary theme
Sector Diversified Equity

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.60

$228 M

0.00%

0.55%

Vitals

YTD Return

-17.5%

1 yr return

-29.2%

3 Yr Avg Return

-23.4%

5 Yr Avg Return

2.2%

Net Assets

$228 M

Holdings in Top 10

51.8%

52 WEEK LOW AND HIGH

$29.7
$25.99
$49.84

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$29.60

$228 M

0.00%

0.55%

ACES - Profile

Distributions

  • YTD Total Return -17.5%
  • 3 Yr Annualized Total Return -23.4%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ALPS Clean Energy ETF
  • Fund Family Name
    ALPS Advised Funds
  • Inception Date
    Jun 28, 2018
  • Shares Outstanding
    12700002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Ryan Mischker

Fund Description

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.

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ACES - Performance

Return Ranking - Trailing

Period ACES Return Category Return Low Category Return High Rank in Category (%)
YTD -17.5% -26.3% 100.1% 93.33%
1 Yr -29.2% -39.7% 80.1% 93.33%
3 Yr -23.4%* -39.9% 20.8% 79.31%
5 Yr 2.2%* -28.5% 23.0% 80.00%
10 Yr N/A* -1.4% 13.9% 62.07%

* Annualized

Return Ranking - Calendar

Period ACES Return Category Return Low Category Return High Rank in Category (%)
2023 -21.1% -34.8% 38.7% 86.67%
2022 -29.1% -72.7% 8.2% 53.33%
2021 -20.0% -31.7% 27.4% 75.86%
2020 137.4% -29.0% 233.6% 21.43%
2019 48.7% -2.0% 66.0% 13.04%

Total Return Ranking - Trailing

Period ACES Return Category Return Low Category Return High Rank in Category (%)
YTD -17.5% -26.3% 100.1% 93.33%
1 Yr -29.2% -39.7% 80.1% 93.33%
3 Yr -23.4%* -39.9% 20.8% 79.31%
5 Yr 2.2%* -28.5% 23.0% 80.00%
10 Yr N/A* -1.4% 13.9% N/A

* Annualized

Total Return Ranking - Calendar

Period ACES Return Category Return Low Category Return High Rank in Category (%)
2023 -20.0% -33.0% 39.0% 90.00%
2022 -28.4% -72.7% 8.2% 53.33%
2021 -19.4% -31.7% 28.3% 75.86%
2020 140.2% -28.9% 233.9% 21.43%
2019 51.7% 0.4% 66.5% 13.04%

ACES - Holdings

Concentration Analysis

ACES Category Low Category High ACES % Rank
Net Assets 228 M 3.65 M 31.2 B 60.00%
Number of Holdings 40 24 389 66.67%
Net Assets in Top 10 121 M 2.2 M 5.86 B 60.00%
Weighting of Top 10 51.82% 11.8% 91.3% 66.67%

Top 10 Holdings

  1. Enphase Energy, Inc. 6.47%
  2. Albemarle Corp. 5.94%
  3. Itron, Inc. 5.75%
  4. Northland Power, Inc. 5.50%
  5. First Solar, Inc. 5.21%
  6. Darling Ingredients, Inc. 5.07%
  7. Brookfield Renewable Partners LP 4.71%
  8. Ormat Technologies, Inc. 4.61%
  9. Tesla, Inc. 4.59%
  10. Lucid Group, Inc. 3.97%

Asset Allocation

Weighting Return Low Return High ACES % Rank
Stocks
99.65% 0.00% 99.95% 26.67%
Cash
0.35% 0.00% 93.41% 80.00%
Preferred Stocks
0.00% 0.00% 10.96% 56.67%
Other
0.00% -0.20% 91.95% 73.33%
Convertible Bonds
0.00% 0.00% 0.43% 53.33%
Bonds
0.00% 0.00% 80.68% 50.00%

Stock Sector Breakdown

Weighting Return Low Return High ACES % Rank
Utilities
28.86% 0.00% 85.14% 19.23%
Technology
25.44% 0.00% 72.56% 34.62%
Consumer Cyclical
19.18% 0.00% 34.19% 23.08%
Industrials
11.27% 0.00% 90.47% 46.15%
Basic Materials
8.95% 0.00% 17.92% 26.92%
Energy
3.17% 0.00% 32.10% 19.23%
Real Estate
3.12% 0.00% 16.54% 19.23%
Healthcare
0.00% 0.00% 65.82% 65.38%
Financial Services
0.00% 0.00% 95.51% 65.38%
Communication Services
0.00% 0.00% 16.38% 61.54%
Consumer Defense
0.00% 0.00% 50.44% 65.38%

Stock Geographic Breakdown

Weighting Return Low Return High ACES % Rank
US
85.02% 0.00% 99.93% 16.67%
Non US
14.63% 0.00% 83.83% 60.00%

ACES - Expenses

Operational Fees

ACES Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.41% 5.61% 90.00%
Management Fee 0.55% 0.25% 1.50% 46.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.19% N/A

Sales Fees

ACES Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

ACES Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

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 4.00% 124.00% 42.50%

ACES - Distributions

Dividend Yield Analysis

ACES Category Low Category High ACES % Rank
Dividend Yield 0.00% 0.00% 12.45% 43.33%

Dividend Distribution Analysis

ACES Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

ACES Category Low Category High ACES % Rank
Net Income Ratio 0.26% -2.04% 5.19% 50.00%

Capital Gain Distribution Analysis

ACES Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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ACES - Fund Manager Analysis

Managers

Ryan Mischker


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.

Andrew Hicks


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.75 23.1 11.08 22.93