ALPS Medical Breakthroughs ETFALPS Medical Breakthroughs ETFALPS Medical Breakthroughs ETF

ALPS Medical Breakthroughs ETF

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Key stats

Assets under management (AUM)
‪113.49 M‬USD
Fund flows (1Y)
‪−9.74 M‬USD
Dividend yield (indicated)
0.20%
Discount/Premium to NAV
−0.5%

About ALPS Medical Breakthroughs ETF

Issuer
SS&C Technologies Holdings, Inc.
Brand
ALPS
Expense ratio
0.50%
Home page
Inception date
Dec 31, 2014
Index tracked
S-Network Medical Breakthroughs Index
Management style
Passive
SBIO invests in a concentrated portfolio of biotech companies with drugs in Phase II and Phase III of U.S. Food and Drug Administration (FDA) clinical trials, and limits itself to US-listed firms with market caps between USD 200 million and USD 5 billion. SBIO also screens for sustainability, meaning constituent firms have enough cash on hand to last two years. Given the low historical success rates in clinical trials, the fund is a high-risk, high-reward bet on a small subset of biotech companies. The Underlying Index undergoes semi-annual reconstitution and quarterly rebalance subject to certain caps. The largest stock is capped at 4.5%, and the excess weight is redistributed proportionately over the remainder of the Underlying Index. Prior to July 9, 2019 the funds index was Poliwogg Medical Breakthroughs Index, which has the same strategies.

Classification

Asset Class
Equity
Category
Sector
Focus
Health care
Niche
Biotechnology
Strategy
Fundamental
Weighting scheme
Market cap
Selection criteria
Fundamental
What's in the fund
Exposure type
StocksBonds, Cash & Other
Health Technology
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy