The Barron's 400 ETF (NYSE Arca: BFOR) Undergoes Semi-Annual Rebalance
Consumer Discretionary, Financials and Industrials Have Highest Representation
DENVER, Colo., Sept. 23, 2013 (GLOBE NEWSWIRE) -- via PRWEB - The Barron's 400
ETF, which seeks to track the Barron's 400 Index (B400), has completed its
semi-annual rebalance based on the reconstitution of its underlying benchmark.
The rules-based Barron's 400 Index, which was designed to give investors a
means of tracking some of America's highest performing companies based on the
strength of their fundamentals, was jointly developed by Barron's and
Financial companies showed the biggest increase in sector representation and
now account for 18.25% of the reconstituted index. Consumer Discretionary and
Industrials at 20% and 18%, respectively, complete the top three sectors.
Health Care and Technology suffered the largest reductions and now account for
8.5% and 13.75% of the
The largest additions by market cap to B400 were Berkshire Hathaway, Visa,
Comcast, Schlumberger and U.S. Bancorp.
The largest deletions by market cap were Exxon Mobil, Chevron, Procter &
Gamble, Philip Morris International and Intel.
There were 62 companies selected to the index for the first time ever,
including Berkshire Hathaway, Shutterstock, Ubiquity Networks, United Rentals
and Wisdomtree Investments.
Following the rebalance on Friday, September 20, 2013, the average market cap
of B400 was $17.8 billion and the median market cap was $3.8 billion. In total
178 companies were added to the index, a turnover rate that was largely
in line with the historic average of 42%. The stocks selected for inclusion
are equally weighted at each semi-annual rebalance.
Among current index constituents, the ten companies with the most selections
to B400 are Microsoft, Wal-Mart, Amgen, Bed Bath & Beyond, Home Depot, IBM,
Nike, Oracle, Pepsi and Coach.
MarketGrader uses 24 proprietary measures of growth, value, profitability and
cash flow to grade nearly all investable U.S. stocks, the underlying universe
from which B400 is selected.
"The Barron's 400 Index was designed to select some of America's most
promising companies," said Carlos Diez, MarketGrader's president and founder.
"Our adherence to a consistent growth-at-a-reasonable price selection strategy
is a key to B400's ongoing results."
The Barron's 400 ETF (BFOR), which was launched on June 4th, 2013 under the
ALPS ETF Trust, saw its market price and net asset value rise 5.43 percent and
4.80 percent, respectively, during its first 90-day period since launch.
Additional information about the ETF can be found at
Total Returns as of 08/31/13 1 Month Since
Inception1 Since Inception1
Barron's 400SM ETF (NAV)2 -2.12% 3.32% -1.00%
Barron's 400SM ETF (Market Price)3 -2.04% 3.48% -0.92%
Barron's 400 IndexSM (Benchmark)4 -2.07% 3.49% -0.97%
Performance data quoted represents past performance. Past performance does not
guarantee future results. Current performance may be higher or lower than
actual data quoted. Call 1.855.724.0450 or visit http://www.barrons400etf.com
for current month end performance. The investment return and principal value
of an investment will fluctuate so that an investor's shares, when redeemed,
may be worth more or less than their original cost.
1 Fund inception date of 06/03/2013.
2 NAV is an exchange-traded fund's (ETF) per-share value. The per-share dollar
amount of the fund is derived by dividing the total value of all the
securities in its portfolio, less any liabilities, by the number of fund
3 Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and
does not represent the returns an investor would receive if shares were traded
at other times.
4 The Barron's 400 indexSM, calculated by NYSE Euronext or its affiliates,
measures the performance of a diversified group of U.S. companies selected in
part based on fundamentals-related rules-based criteria. The index includes
companies that have scored highest according to fundamentals-related rankings
calculated by MarketGrader. Additional rules-based screening provides for
sector and market cap diversification. The Index has been licensed to
MarketGrader Capital LLC for use with the Barron's 400 IndexSM. You cannot
invest directly in an index.
ALPS provides customized asset servicing and asset gathering solutions to the
financial services community through an entrepreneurial culture based on the
commitment to "Do Things Right." Founded in 1985, ALPS continues to actively
promote all of its various business segments, from asset servicing through
ALPS Fund Services, Inc. to asset gathering through ALPS Portfolio Solutions
Distributor, Inc., ALPS Distributors, Inc. and ALPS Advisors, Inc.
Headquartered in Denver, with offices in Boston, New York, Seattle, and
Toronto, ALPS, a wholly-owned subsidiary of DST Systems, Inc., today
represents more than 400 employees, over 200 clients, and an executive team
that has been in place for more than 18 years. For more information about ALPS
and its services, visit http://www.alpsinc.com. Information about ALPS
products is available at http://www.alpsfunds.com.
An investor should consider investment objectives, risks, charges and expenses
carefully before investing. To obtain a prospectus, which contains this and
other information, call 1.855.724.0450 or visit http://www.barrons400etf.com.
Read the prospectus carefully before investing.
There are risks involved with investing in ETFs including the loss of money.
Additional information regarding the risks of this investment is available in
the risks section of the prospectus.
Barron's 400SM ETF shares are not individually redeemable. Investors buy and
sell shares of the Barron's 400SM ETF on a secondary market. Only market
makers or "authorized participants" may trade directly with the Fund,
typically in blocks of 50,000 shares.
The Fund is new and has limited operating history.
ALPS Portfolio Solutions Distributor, Inc., 1290 Broadway, Ste. 1100, Denver,
CO 80203 is the distributor for the Barron's 400SM ETF.
"The Barron's 400 IndexSM" is calculated by NYSE Euronext or its affiliates
and published by MarketGrader. "Barron's®," "Barron's 400SM" and "Barron's 400
IndexSM" are trademarks or service marks of Dow Jones & Company, Inc. or its
affiliates and have been licensed to MarketGrader. One cannot invest directly
in an index.
Barron's© is a service mark of Dow Jones & Company, Inc. and has been licensed
to MarketGrader Capital LLC for use with the Barron's 400 IndexSM and
sublicensed for certain purposes by ALPS Advisors, Inc. ALPS's Barron's 400SM
ETF based on the Barron's 400 IndexSM, is not sponsored, endorsed, sold or
promoted by Dow Jones, or its affiliates, and Dow Jones and its affiliates
make no representation regarding the advisability of investing in such
ALPS, A DST Company, and ALPS Portfolio Solutions Distributor, Inc. are not
affiliated with Barron's or MarketGrader.
ALPS, A DST Company
1290 Broadway, Suite 1100
Denver, CO 80203
This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
CONTACT: ALPS Inc.
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