ALFA - AlphaClone Alternative Alpha ETF

Description: The index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or Clone Score. The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.

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ALFA - Profile


Summary Data for ALFA

52 Week Lo: $33.48 52 Week Hi: $40.84
AUM: $78.8 M Shares: 2.0 M
Avg. Volume (1 month) 15,652 Avg. Volume (3 month) 13,503
Filings Data as of:

ALFA - Holdings

Top Ten Holdings

  1. Valeant Pharmaceuticals International Inc VRX: 5.11%
  2. Actavis PLC ACT: 3.05%
  3. Micron Technology Inc MU: 3.04%
  4. Enterprise Products Partners LP EPD: 2.08%
  5. Microsoft Corp MSFT: 2.06%
  6. Time Warner Cable Inc TWC: 2.05%
  7. TransDigm Group Inc TDG: 2.04%
  8. Apple Inc AAPL: 2.04%
  9. Twenty-First Century Fox Inc Class A FOXA: 2.03%
  10. Baidu Inc ADR BIDU: 2.03%
%Assets in Top 10: 25.53%
Total Holdings: 83.0

ALFA Asset Allocation


Asset Percentage
U.S. Stocks 84.78%
International Stocks 15.22%
U.S. Bonds 0.0%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.0%
Other 0.0%

ALFA Sector Breakdown


Sector Percentage
Health Care 20.27%
Technology 18.35%
Consumer Cyclical 12.21%
Industrials 10.11%
Communication Services 8.22%
Energy 7.31%
Basic Materials 7.19%
Financial Services 7.12%
Consumer Defensive 5.09%
Utilities 2.09%
Real Estate 2.04%

ALFA Market Cap Breakdown


Market Cap Percentage
Giant 23.52%
Large 28.62%
Medium 25.54%
Small 12.18%
Micro 9.13%

ALFA Region Breakdown


Region Percentage
U.S. 84.78%
Canada 6.11%
Europe 6.08%
Asia (Emerging) 3.04%
Japan 0.0%
Africa 0.0%
Australia 0.0%
Latin America 0.0%
Asia (Developed) 0.0%
Middle East 0.0%
Region Percentage
Developed 95.91%
Emerging 4.09%

ALFA Country Breakdown


Country Percentage
United States 84.78%
Canada 6.11%
Ireland 3.05%
China 3.04%
Czech Republic 1.05%
France 0.99%
Netherlands 0.98%
Other 0.0%
© 2014 Morningstar Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

ALFA - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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ALFA - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of ALFA relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

ALFA - Fundamentals

ALFA Performance

1 Week Return: -1.62%
2 Week Return: -0.94%
4 Week Return: 1.45%
13 Week Return: 4.60%
26 Week Return: 2.64%
YTD Return: 6.30%
1 Year Return: 16.59%
3 Year Return: n/a
5 Year Return: n/a

ALFA Expenses & Fees

  • Expense Ratio: 0.95%
  • Category: All Cap Equities
  • Category Range: 0.04% to 0.99%
  • Category Average: 0.46%

ALFA Valuation

P/E Ratio: n/a
Beta: -1.40
20 Day Moving Average: $40.30
60 Day Moving Average: $39.15

ALFA Dividend

Annual Dividend Rate: $0.39
Dividend Date: 2013-12-17
Dividend: $0.39
Annual Dividend Yield %: 0.96%

ALFA Volatility

5 Day Volatility: 33.84%
20 Day Volatility: 8.87%
50 Day Volatility: 12.97%
200 Day Volatility: 12.23%
Standard Deviation: 1.60%

ALFA - Technicals

ALFA Technicals

20 Day MA: $40.30
60 Day MA: $39.15
MACD 15 Period: -0.45
MACD 100 Period: 1.54
Williams % Range 10 Day: 92.22
Williams % Range 20 Day: 49.40
RSI 10 Day: 46
RSI 20 Day: 55
RSI 30 Day: 55
Ultimate Oscillator: 50

ALFA Bollinger Bands

Lower Bollinger (10 Day): $40.20
Upper Bollinger (10 Day): $40.77
Lower Bollinger (20 Day): $39.56
Upper Bollinger (20 Day): $40.98
Lower Bollinger (30 Day): $37.47
Upper Bollinger (30 Day): $41.69

ALFA Support & Resistance

Support Level 1: $39.84
Support Level 2: $39.68
Resistance Level 1: $40.27
Resistance Level 2: $40.54

ALFA Stochastic

Stochastic Oscillator %D (1 Day): 37.33
Stochastic Oscillator %D (5 Day): 36.55
Stochastic Oscillator %K (1 Day): 47.17
Stochastic Oscillator %K (5 Day): 50.22

ALFA Volatility

5 Day Volatility: 33.84%
20 Day Volatility: 8.87%
50 Day Volatility: 12.97%
200 Day Volatility: 12.23%
Standard Deviation: 1.60%

ALFA - ETFdb Realtime Rating & Analyst Report

ALFA is a passive ETF that seeks to replicate AlphaClone Hedge Fund Long/Short Index. The index tracks the performance of US-traded equity securities to which hedge funds and institutional investors have disclosed significant exposure. The proprietary index methodology developed by AlphaClone ranks hedge funds and institutional investors based on the efficacy of replicating their publicity disclosed positions. Equities are selected from those managers with the highest ranking, or Clone Score. The index is risk managed in that it can vary between being long only and market hedged based on certain rules-driven relative price targets tied to a broad market index.

ETFdb Category Expense Ratio Inception Date Issuer Structure YTD Return *
All Cap Equities 0.95 2012-05-31 Exchange Traded Concepts ETF +6.30%

ALFA Realtime Rating: By Metric

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B
Expenses C
Performance ETFdb Pro Members Only
Volatility ETFdb Pro Members Only
Dividend ETFdb Pro Members Only
Concentration ETFdb Pro Members Only

The first adjacent table gives investors an individual Realtime Rating for ALFA on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the All Cap Equities ETFdb Category with the highest Metric Realtime Rating for each individual field.

ALFA Realtime Rating: Overall

ETFdb Rating Type Overall Rating A+ Overall Rated ETF
Realtime Rating (Overall) ETFdb Pro Members Only ETFdb Pro Members Only

The second table shows the overall Realtime Rating for ALFA, as well as the A+ Overall Rated ETF in ALFA's Category. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

ETFdb Analyst Report for ALFA

This ETF tracks a dynamic benchmark which is based on top holdings of hedge fund managers. The underlying index is constructed by analyzing 13F filings, which are regulatory filings that institutional investors with $100 million or more in assets under management are required to file with the SEC...

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