Complete List Of Active ETFs
Since PowerShares debuted its first active ETFs in the spring of 2008, this corner of the exchange-traded product market has grown tremendously. Though many active ETFs have been somewhat slow to accumulate assets, the increase in the size of the lineup highlights the trend towards vehicles that combine active management with the exchange-traded structure.
There are now dozens of actively-managed ETFs offering exposure to a number of asset classes, including stocks, bonds, and currencies. The following tables present all of the active ETFs currently available to U.S. investors, including expense information, inception date, and the applicable benchmark. New active ETFs are added as they are launched, providing a real time list of active ETFs.
Equity ETFs
There are a number of different active equity ETFs, including funds that offer exposure to both domestic and international equity markets. Three of the PowerShares funds on the list were the first active ETF products to hit the market, though some consider GVT to be the first true active ETF (the PowerShares products use a quant-based methodology, and are unique from traditional active management in that they don’t utilize a manager who maintains discretion over buy and sell decisions):
| Ticker | Name | Issuer | Benchmark | Inception | Expense |
|---|---|---|---|---|---|
| AADR | WCM/BNY Mellon Focused Growth ADR ETF | AdvisorShares | MSCI EAFE Index | 7/2010 | 1.25% |
| DENT | Dent Tactical ETF | AdvisorShares | n/a | 9/2009 | 1.56% |
| GRV | Mars Hill Global Relative Value ETF | AdvisorShares | MSCI World Index | 7/010 | 1.49% |
| GVT | Concentrated Large Cap Value Strategy Fund | Columbia | Russell 1000 Index | 5/2009 | 0.79% |
| HDGE | Active Bear ETF | AdvisorShares | n/a | 1/2011 | 1.85% |
| PMA | Active Mega Cap Fund | PowerShares | Russell Top 200 Index | 4/2008 | 0.75% |
| PQY | Active AlphaQ Fund | PowerShares | NASDAQ-100 Index | 4/2008 | 0.75% |
| PQZ | Active Multi-Cap Fund | PowerShares | S&P 500 Index | 4/2008 | 0.75% |
| RPX | Growth Equity Strategy Fund | Columbia | S&P 500 Index | 10/2009 | 0.89% |
| RWG | Large-Cap Growth Equity Strategy Fund | Columbia | Russell 1000 Growth Index | 10/2009 | 0.89% |
Bond ETFs
Actively managed bond ETFs have become popular with investors, thanks in part to potential drawbacks of achieving fixed income exposure through an indexing strategy.
| Ticker | Name | Issuer | Benchmark | Inception | Expense |
|---|---|---|---|---|---|
| GIY | Enhanced Core Bond ETF | Guggenheim | n/a | 6/2011* | 0.27% |
| GSY | Enhanced Ultra-Short Bond ETF | Guggenheim | 1-3 Month Treasury Bill Index | 6/2011* | 0.27% |
| ALD | Asia Local Debt Fund | Wisdom Tree | n/a | 3/2011 | 0.55% |
| ELD | Emerging Markets Local Debt Fund | Wisdom Tree | n/a | 8/2010 | 0.55% |
| GMMB | Intermediate Municipal Bond Strategy Fund | Columbia | Barclays 3-15 Year Blend Municipal Bond Index | 1/2010 | 0.35% |
| GMTB | Core Bond Strategy Fund | Columbia | Barclays Capital U.S. Aggregate Bond Index | 1/2010 | 0.35% |
| HYLD | Peritus High Yield ETF | AdvisorShares | n/a | 12/2010 | 1.35% |
| MINT | Enhanced Short Maturity Strategy Fund | PIMCO | Citigroup 3-Month Treasury Bill Index | 11/2009 | 0.35% |
| BABZ | Build America Bond Strategy Fund | PIMCO | Barclays Capital Build America Bond Index | 9/2010 | 0.45% |
| MUNI | Intermediate Municipal Bond Strategy Fund | PIMCO | Barclays Capital 1-15 Year Municipal Bond Index |
11/2009 | 0.35% |
| SMMU | Short Term Municipal Bond Strategy Fund | PIMCO | Barclays Capital 1-3 Year Municipal Bond Index | 2/2010 | 0.35% |
| PLK | Active Low Duration Fund | PowerShares | Short Term Municipal Bond Strategy Fund | 4/2008 | 0.30% |
| *These ETFs began trading in early 2008; in June 2011, they were converted to active ETFs | |||||
Currency ETFs
In addition to managing several active bond ETF, WisdomTree also maintains a suite of actively-manged currency products:
| Ticker | Name | Issuer | Inception | Expense |
|---|---|---|---|---|
| BNZ | Dreyfus New Zealand Dollar Fund | Wisdom Tree | 6/2008 | 0.45% |
| BZF | Dreyfus Brazilian Real Fund | Wisdom Tree | 5/2008 | 0.45% |
| CCX | Dreyfus Commodity Currency Fund | Wisdom Tree | 9/2010 | 0.55% |
| CEW | Dreyfus Emerging Currency Fund | Wisdom Tree | 5/009 | 0.55% |
| CYB | Dreyfus Chinese Yuan Fund | Wisdom Tree | 5/2008 | 0.45% |
| EU | Dreyfus Euro Fund | Wisdom Tree | 5/2008 | 0.35% |
| ICN | Dreyfus Indian Rupee Fund | Wisdom Tree | 5/2008 | 0.45% |
| JYF | Dreyfus Japanese Yen Fund | Wisdom Tree | 5/2008 | 0.35% |
| SZR | Dreyfus South African Rand Fund | Wisdom Tree | 6/2008 | 0.45% |
Real Estate ETFs
As part of its expansion into the active ETF space, PowerShares debuted an active real estate ETF in 2008:
| Ticker | Name | Issuer | Benchmark | Inception | Expense |
|---|---|---|---|---|---|
| PSR | Active U.S. Real Estate Fund | PowerShares | FTSE NAREIT Equity REITs Index | 11/2008 | 0.80% |
Multi-Asset ETFs
In addition to the funds highlighted above that focus on a single asset class, there are a number of actively-managed ETPs that offer exposure to multiple asset classes:
| Ticker | Name | Issuer | Benchmark | Inception | Expense |
|---|---|---|---|---|---|
| ALT | Diversified Alternatives Trust | iShares | n/a | 10/2009 | 0.95% |
| GTAA | Cambria Global Tactical ETF | AdvisorShares | n/a | 10/2010 | 0.90% |
| WDTI | Managed Futures Strategy Fund | Wisdom Tree | Diversified Trends Indicator | 1/2011 | 0.95% |
