DENVER, Jan. 2, 2020 /PRNewswire/ -- ALPS Advisors,
Inc., an asset manager and wholly owned subsidiary of SS&C
Technologies, Inc., announced a strategic move
for the new Exchange Traded Fund called the ALPS REIT
Dividend Dogs ETF [RDOG] that applies the "Dogs of the Dow
Theory" to its rules-based investment strategy. RDOG intends to
provide investors with equal exposure to the five highest yielding
REITs ("Dividend Dogs") within nine equally-weighted REIT segments
as determined by S-Network, the index provider. This approach
excludes mortgage REITs and helps to smooth REIT volatility and
segment biases, in addition to offering low overlap with major U.S.
REIT indices.
"ALPS Advisors is focused on evolving strategies to provide
investors with the right investments to suit their needs," said
Laton Spahr, President of SS&C ALPS Advisors. "We are thrilled
to kick off 2020 with RDOG, providing investors with balanced risk
exposure and potential high yield delivered at lower cost."
RDOG includes a separate "Technology REITs" segment that
provides exposure to the strong growth opportunities within
wireless towers and data centers, which can also act as a defensive
attribute for the fund. RDOG excludes the "Mortgage REITs" segment
to avoid inclusion of the REITs most sensitive to interest rates
and credit spreads.
"When we looked across the existing REIT space, we noticed some
large segment biases that may expose REIT investors to outsized
risks," said Andy Hicks, Senior Vice
President and Director of ETF Portfolio Management & Research
at ALPS. "With RDOG's equal-weighting approach to both the high
yielding REITs and nine segments, we believe investors can access
dividend-based income and total returns while reducing overall
risk."
The following highlights the main components of the strategic
changes to the Cohen & Steers Global Realty Majors ETF (GRI)
ETF:
- New Fund Name: The ALPS REIT Dividend Dogs ETF
- New Fund Ticker: RDOG
- New Index Name: S-Network® REIT Dividend Dogs Index
- New Index Ticker: RDOGX
- New Expense Ratio: 35 bps (basis points)
- Old Expense Ratio: 55 bps (basis points)
If you have any questions or need any assistance, please call
866-759-5679, Monday to Friday from 9 a.m.
to 8 p.m. Eastern time, or visit our website at
www.alpsfunds.com.
About SS&C Technologies
SS&C (Nasdaq: SSNC) is
a global provider of services and software for the financial
services and healthcare industries. Founded in 1986, SS&C is
headquartered in Windsor,
Connecticut, and has offices around the world. Some 18,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale and technology. For more information about
SS&C visit www.ssctech.com. Follow SS&C on Twitter,
LinkedIn and Facebook.
About ALPS Advisors
ALPS Advisors, Inc., a wholly
owned subsidiary of SS&C Technologies, Inc., is a leading
provider of investment products for advisors and institutions. With
over $16 billion in assets under
management (as of 12/31/2019), the firm provides access to asset
classes and boutique asset managers in real assets, alternatives,
thematic/factor and fixed income through both ETF and open-end
mutual fund structures. For more information visit
www.alpsfunds.com.
Important Disclosures:
Investment Objective: The Fund seeks investment results
that replicate as closely as possible, before fees and expenses,
the performance of an index called the S-Network REIT Dividend Dogs
Index (ticker symbol RDOGX) (the "Underlying Index").
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain a
prospectus, which contains this and other information, please call
1-866-75-5679 or visit www.alpsfunds.com. Please read the
prospectus carefully before investing.
ALPS REIT Dividend Dogs ETF Shares are not individually
redeemable. Investors buy and sell shares of the ALPS REIT Dividend
Dogs ETF on a secondary market. Only market makers or "authorized
participants" may trade directly with the Fund, typically in blocks
of 50,000 shares.
An investment in the Fund is subject to investment risk,
including the possible loss of principal. 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.
Definitions:
Basis points (bps) refers to a common unit of measure for
percentages in finance. For example, one basis point is equal to
1/100th of 1%, or 0.01%.
Dogs of the Dow Theory: an investment strategy which proposes
that an investor annually select for investment the ten Dow Jones
Industrial Average stocks whose dividend is the highest fraction of
their price.
Real Estate Investment Trust (REIT): Companies that own or
finance income-producing real estate across a range of property
sectors.
S-Network® REIT Dividend Dogs Index (RDOGX): a
portfolio of stocks derived from the S-Network US Composite REIT
Index (SNREIT). The RDOGX methodology selects the five stocks in
each of the nine segments that make up SNREIT which offer the
highest dividend yields as of the last trading day of November. The
forty-five stocks that are selected for inclusion in the portfolio
are equally weighted.
ALPS Portfolio Solutions Distributor, Inc. is the
distributor for the Fund.
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SOURCE SS&C / ALPS Advisors